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  • A Risk Neutral Framework For The Pricing Of Credit Derivatives - 1,578 words
    ... A or B (6) The probabilities of transition from period 2 to period 3 are obtained as: {RN}02 {RN}23 = {RN}03 Where {RN}ij is the risk-neutral transition matrix from period i to period j Thus, {RN}23 = {RN}-102 {RN}03 Table -6 shows the risk neutral probabilities of transition from period 2 to period 3. From this table, it can be seen that P (F / EA ) = 0.074 and P (F / EB ) = 0.176. In addition, we know that P(EA) = 0.181 and P(EB) = 0.530 (refer Table -5a). Thus, the risk-neutral probability that Rs. 100 is received in period 3 is 0.074 x 0.181 + 0.176 x 0.530 = 0.107 The value of the derivative is obtained as 20.76 Table-6 Risk neutral probabilities of transition from period 2 to perio ...
    Related: credit, credit risk, derivatives, framework, neutral, pricing, rate risk
  • Abstract - 316 words
    ABSTRACT INTRODUCTION: The development of patient classification systems (PCS) in fields other than acute medicine raises the question if the principle of using existing data (i.e. diagnoses; procedures where available) is sufficent to describe the products of hospital care. METHODS/MATERIAL: The essence of a PCS (type "iso-cost") is to estimate costs of treatment needed in a defined setting by means of a description of the patient status (conditions) and the treatment goals. Two hypotheses guided our research into PCS development: (1) The description of patient status and treatment goals has to include multiple aspects which ideally are coded by using scales to show changes during the cours ...
    Related: abstract, different aspects, hospital care, diagnoses, grid
  • Accounting Erp - 1,962 words
    Accounting Erp Enterprise Resource Planning (ERP)- These systems break from the Assets=L+E scheme. ERP systems do not have the preparation of financial statements as their primary goal. Many ERP vendors stress an objective of inputting data only once and using it to generate various views. ERP vendors stress the process focus of their products. The software can span across functional borders, enabling integration of data and information flows. ERP systems can also support a variety of tasks including supply chain management, inventory management, logistics, human resource manganement, finance, accounting, manufacturing planning, sales, and distribution. However, these systems are often infle ...
    Related: accounting, mergers and acquisitions, competitive advantage, information technology, consolidation
  • Aids In Detail - 2,125 words
    ... ne anonymous partner per year. Homosexual men have higher rates of sexually transmits diseases than heterosexual men and women because gay men tend to have larger numbers of different sexual partners, more often engage in furtive (anonymous) sexual activities, and more frequently have anal intercourse. PUZZLING SYMPTOMS Any theory of the new disease also had to account for a puzzling factor: the variety of symptoms seen in AIDS patients before they entered the final phase of complete susceptibility to opportunistic infections and cancers. Interviews with AIDS patients revealed many had been very sick for up to a year before they developed their first case of Pneumocystis pneumonia or sho ...
    Related: aids, life expectancy, men and women, hepatitis a, discovery
  • Alcoholism - 2,013 words
    ... times increased consumption of alcohol are cited in evidence. But these data invariably fail to take account of changes in availability or use of facilities, changes in admission or diagnostic policies, or changes in the source of beverages--for example, from unrecorded to recorded supplies. In the Soviet Union a change in the internal political situation with the death of Stalin resulted in a shift from official denial that any significant problem of alcoholism existed to an outcry that its prevalence was widespread and serious, though no statistics were provided. Treatment of alcoholism The various treatments of alcoholism may be classified as physiological, psychological, and social. ...
    Related: alcoholism, carbon dioxide, psychoactive drugs, alcoholics anonymous aa, therapy
  • All Public Schools Are Not Created Equal - 399 words
    All Public Schools Are Not Created Equal In the United States, education is offered at all levels from pre-kindergarten to graduate school. Elementary and secondary education involves twelve years of schooling the successful completion of which leads to a high school diploma. A distinct feature of the American educational system is its decentralized organization. Three levels of government - local, state, and federal financially support elementary and secondary education. Furthermore, it is divided into public and private institutions. The main disadvantage of decentralization is the quality of education received by some of the students. On the other hand, a real plus to the idea is the fact ...
    Related: created equal, graduate school, high school, public education, public school, public schools, school district
  • American Beauty - 1,569 words
    ... Angela's moves and Lester's thoughts in this scene. The scene begins with Jane, Angela, and the other cheerleaders dancing to a wordless version of On Broadway. This is parallel diegetic sound because it relates to what can be seen on screen. The usage of this song is important to the theme of this movie. Lester is about to embark on a mission to be free. Lester is going to pursue happiness. In the same way, On Broadway is about pursuing a new experience. On Broadway speaks about coming to New York and being taken aback by all the lights and attractiveness of the city. In the same manner, Lester is about to be taken aback by an American beauty, Angela. Further in the scene, through shot ...
    Related: american, american beauty, divine intervention, point of view, zone
  • American Values Are A Tricky Thing It Seems That The Value Set Changes With Each Individual American Pragmatism Is Actually R - 1,378 words
    American values are a tricky thing. It seems that the value set changes with each individual. American pragmatism is actually rooted in deeply held anti-authoritarian, individualistic, egalitarian, activist ideals, which privilege personal choice, flexibility, and technical efficiency with the pursuit of success, however success is defined. (Hall, Lindholm, pg. 91) Basically, an individual's values are what that individual decides they are. The key to understanding this is realizing that above almost all else, Americans prize, value, and recognize the sacredness of being an individual. Certainly there are basic expectations of all people living in American society regardless of how the indiv ...
    Related: american, american society, american values, pragmatism, personal choice
  • Anabolic Steroids - 1,099 words
    Anabolic Steroids Anabolic steroids (steroids for short) are used widely among bodybuilders to increase their testosterone, thus to get stacked or larger. Steroids seem to be a wonderful thing for these bodybuilders, but very few of them know just how they work and what the effects are. History The word "anabolic" portrays any substance, which accumulates nitrogen in muscle protein and from there builds muscle tissue. The bodys natural anabolic steroid is called testosterone, which men (naturally) obtain more of, than women do. Testosterone brings on the development of speed, mass, endurance, definition, and strength. Testosterone is naturally released into the blood stream, goes to differen ...
    Related: anabolic, anabolic steroids, steroid use, steroids, protein synthesis
  • Analysis Of 1997 Us Macroeconomic Predictions - 589 words
    Analysis Of 1997 U.S. Macroeconomic Predictions Analysis of 1997 U.S. Macroeconomic Predictions The U.S. economy ended 1996 at a blistering pace of 4.7% growth rate of real GDP in the fourth quarter. Despite this strong growth, the inflation rate remained relatively low in fact the CPI showed its lowest core growth rate in the last 34 years. This low inflation along with low unemployment finished off a very healthy year for the U.S. economy. These numbers seem to indicate a positive trend for the U.S. economy in 1997. Real GDP is expected to grow at a strong to moderate rate of 2.25%, with CPI rising around 3% and the unemployment rate between 5.25-5.5%. In order to see how these projections ...
    Related: macroeconomic, standard of living, consumer attitudes, purchasing power, confident
  • Analysis On Bulgaria - 4,369 words
    ... rry out economic and other activities to satisfy their interests, by mutual aid and co-operation. A co-operative is a legal entity and is deemed a merchant under the Commerce Act. Co-operative members can only be individuals, at least 7 in number. To participate in a co-operative, foreign person should have permanent residence in Bulgaria. Sole Trader - any capable individual, residing in the country, can register as a sole trader. State Companies - they exist under the forms of one-member private limited or joint-stock companies where the quotas/shares are solely owned by the State. These forms of business are established to facilitate the process of privatization of the state companies ...
    Related: bulgaria, special forces, living standards, political parties, branch
  • Ancient Egyptian Mathematics - 1,010 words
    Ancient Egyptian Mathematics Ancient Egyptian Mathematics The use of organized mathematics in Egypt has been dated back to the third millennium BC. Egyptian mathematics was dominated by arithmetic, with an emphasis on measurement and calculation in geometry. With their vast knowledge of geometry, they were able to correctly calculate the areas of triangles, rectangles, and trapezoids and the volumes of figures such as bricks, cylinders, and pyramids. They were also able to build the Great Pyramid with extreme accuracy. Early surveyors found that the maximum error in fixing the length of the sides was only 0.63 of an inch, or less than 1/14000 of the total length. They also found that the err ...
    Related: egyptian, mathematics, dover publications, cliff notes, handbook
  • Animal Farm - 1,466 words
    Animal Farm Animal Farm This remarkable book was written by George Orwell, whose real name is Eric Blair, and it is about the lives of farm animals who rebel against humans. The animals live on Manor Farm and are owned by Mr. Jones, who always seems to be drunk. The leader of the animals was an old pig named Old Major who one day had a dream about being free from the oppression of man. One evening, Old Major assembled the animals of Manor Farm and talked to them about how they live hard, short lives in slavery to the humans and that they should rebel and become free. Old Major got the idea from a song which came to him in a dream, Beasts of England, that was sung when he was a young pig. The ...
    Related: animal farm, farm, manor farm, george orwell, julius caesar
  • Anime Vs American Animation - 2,817 words
    Anime VS American Animation by Marker Apenname Thesis Statement This is my thesis statement -- while American animation and Japanese animation both have their virtues, the style of American animation, in general, has a significant amount of higher quality. Where to Begin? Where to be Going? To begin with, one of the major problems that has hindered American animation is budget and time constraints. On the other hand, in Japan, anime has been allowed to flourish all over. When it comes to animation, it seems that Hollywood simply does not take it seriously and would rather throw its millions into "live action" films and TV shows. There is only one company in Hollywood which devotes a signific ...
    Related: american, american artists, american school, animation, anime, japanese animation
  • Appalachia Region - 1,407 words
    Appalachia Region Appalachia Region By: Wesley Mark Whitworth To look at, and understand the attitudes toward the people of this area it would be good to start with the type of people that migrated into this region. The people of this area did not totally arrive until the English had colonized the coast of the eastern seaboard forcing the now Appalachian people westward to the interior mountains. The main influx of people came in on the second wave of migrants. This people were of Scotch Irish, German, Welsh, French and Swiss decent. These people from the start were rugged mountain people that were very self sufficient and mainly lived from farming as there means of survival. In the beginnin ...
    Related: appalachia, country people, health care, family values, availability
  • Arabisraeli Conflict - 1,016 words
    ... void. Zionists urged the Arab inhabitants of Israel to "play their part in the development of the state, on the basis of full and equal citizenship". But many Palestinians distrusted the Zionists and looked to their Arab neighbors for help. In 1947-48, a war ensued between the Israel and the Arab nations. The Arab armies, underestimating the Israeli forces and determination, were defeated. From the Arabs perspective, their defeat in Palestine humiliated their armies and discredited their regimes. The UN secured several cease-fires, each time fighting resumed; finally an armistice between each Arab country and Israel was agreed upon separately, after Israel had pushed Arab forces out of t ...
    Related: palestinian refugees, first week, suez canal, hoping, acceptable
  • Aristotle On Rhetoric - 1,210 words
    Aristotle On Rhetoric ristotle (384-322 B.C.) was a Greek philosopher, educator, and scientist. He was able to combine the thoughts of Socrates and Plato to create his own ideas and definition of rhetoric. He wrote influential works such as Rhetoric and Organon, which presented these new ideas and theories on rhetoric. Much of what is Western thought today evolved from Aristotle's theories and experiments on rhetoric. Aristotle's Life Aristotle was born in 384 B.C., in Northern Greece. His father was a physician to the king of Macedonia, Amyntas II. Amyntas II was the grandfather of Alexander the Great. When Aristotle was still a boy, both of his parents died; so he was raised by a guardian ...
    Related: aristotle, rhetoric, lecture notes, alexander the great, interpretation
  • Aristotle Vs Plato On Metaphysics - 1,414 words
    Aristotle Vs. Plato On Metaphysics The Opposing Views of Great Minds The word metaphysics is defined as "The study or theory of reality; sometimes used more narrowly to refer to transcendent reality, that is, reality which lies beyond the physical world and cannot therefore be grasped by means of the senses." It simply asks what is the nature of being? Metaphysics helps us to reach beyond nature as we see it, and to discover the `true nature' of things, their ultimate reason for existing. There are many ways to approach metaphysics. Two of the earliest known thinkers on the topic are Plato and Aristotle. These two philosophers had ideas that held very contrasting differences that can be narr ...
    Related: aristotle, aristotle plato, knowledge plato, metaphysics, plato
  • Article 2b - 1,404 words
    Article 2B A new law will probably be introduced into state legislatures which will govern all contracts for the development, sale, licensing, and support of computer software. This law, which has been in development for about ten years, will be an amendment to the Uniform Commercial Code. The amendment is called Article 2B (Law of Licensing) and is loosely based on UCC Article 2 (Law of Sales), which governs sales of goods in all 50 states. A joint committee of the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute is drafting the changes to the UCC. The UCC was drafted in the 1950s and currently governs the sales of goods but not products lik ...
    Related: legal remedies, joint committee, state laws, characterizes, reporting
  • Attentional Capture - 1,886 words
    Attentional Capture ABSTRACT: How likely are subjects to notice something salient and potentially relevant that they do not expect? Recently, several new paradigms exploring this question have found that, quite often, unexpected objects fail to capture attention. This, phenomenon known as 'inattentional blindness' has been brought forth by Simon (2000) who raised the intriguing possibility that salient stimuli, including the appearance of new objects, might not always capture attention in the real world. For example, a driver may fail to notice another car when trying to turn. With regards to this, in the context of driver attention, this (draft) proposal predicts that intattentional blindne ...
    Related: capture, recent studies, real world, background information, partially
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