A naval architect asked to design a ship may receive his instructions in a form ranging from such simple requ ents as \an oil tanker to carry 100 000 tons deadweight at 15 knot nots\to a fully detailed specification of precisely planned requirements. He is usually required to prepare design for a vessel that must carry certain

Two Kinds of Underlying Assets · Investment assets: held for investment purposes by a significant numbers of investors. Examples: stocks, bonds, gold. Three different situations: 1. The asset provides no income 2. The asset provides a known dollar income 3. The asset provides a known dividend yield Consumption assets: held primarily for consumption. Examples: commodities such as copper, oil and live hogs