Financial Derivatives: Pricing and Arbitrage Opportunities
Closing Positions and Cash Settlement
To close a short or long position, enter a futures position of equal magnitude but opposite direction. If a position isn’t closed before contract expiry, the futures exchange calculates profit or loss and adjusts the account accordingly. For example, SPI200 futures contracts have a standard size of $A25.
Hedging Contracts
The number of contracts to hedge is calculated as: No of contracts = Beta * (value to be hedged / value of one SPI200)
Capital Asset Pricing Model
Read MoreBaudelaire’s Albatross and Condemned Book Analysis
The Albatross
Belongs to Spleen and Ideal.
Title Analysis
Emblematic: Previews the central figure.
Symbolic: The bird as a symbol.
The title anticipates the albatross, a central symbol influenced by Symbolism, a movement where Baudelaire is a key figure.
The bird’s duality (freedom vs. black and white synthesis) reflects the poet as both celestial and cursed. Its sea habitat links to the poet’s timeless existence.
First Quatrain
Starts with “fun,” setting the tone for the sailors’ portrayal.
Sailors contrast
Read MoreEnlightenment and Romanticism: From Reason to Revolution
Enlightenment and Romanticism
Introduction
The word “romantic” now has connotations associated with feelings and ideals. This is logical, as Romanticism championed both unattainable ideals and feelings. However, that is only a fraction of Romanticism’s legacy. The Romantic movement was a much deeper historical process that still affects us today. It’s important to remember that nineteenth-century writers sometimes appeared as liberal rebels who wanted to change the world, but other times they wrote
Read MoreLanguage Development in Early Childhood (2-6 Years)
5.3 Language Development in Early Childhood
Introduction
Language is fundamental for cognition in early childhood, from 2 to 6 years old. It’s a major cognitive achievement during these years. Children begin this period with short sentences and a limited vocabulary, but by age six, they can understand and discuss almost anything.
Brain maturation, particularly in specific areas, and the necessity of language for social interaction make ages 2-6 the primary period for language learning. Early childhood
Read MoreForms of Speech: Narration, Description, Dialogue, Exposition, and Argumentation
The forms of speech are different modes of expression used in text. There are five main forms of discourse:
- Narration
- Description
- Dialogue
- Exposition
- Argumentation
Narration
Narration is an account of real or fictional actions carried out by characters. Texts can be literary or non-fiction. Elements of storytelling include:
- Narrator: The voice the author uses to tell the story. Can be external (explaining events) or internal (a character in the story).
- Action: A set of facts located in time and space. Time
Understanding Textual Cohesion and Word Structure in Language
Textual Adaptation and Coherence
Adaptation
Adaptation determines whether the text suits the communicative circumstances surrounding the communicative act.
Mutual Consistency
Mutual consistency is the property of text that creates unity of meaning, ensuring the text discusses related or interconnected ideas.
Cohesion
Cohesion refers to the linguistic devices used in a text to connect its parts and create a consistent whole.
Cohesive Devices
Repetition
Repetition involves repeating linguistic elements within
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