4. Hedging Using Futures Summary Why hedge How to Hedge

Standard Approach to Estimating Volatility (Equation 15.1 Define on as the volatility per day between day n-1 and day n, as estimated at end of day n-1 · Define, as the value of market variable at end of day i Define ui= In(S /Si-1)

General linear models Suppose that we have a model: 1 It is inherently linear for the parameters if it can be transformed into Examples: 1. Exponential model: Y

Futures Contracts Available on a wide range of underlyings · Exchange traded · Specifications(规定) need to be defined: -What can be delivered, Where it can be delivered,& When it can be delivered Settled(结算) daily

SELF--INTRODUCTION Name: Xie Fang · Major: English Home town Nanchang · Degree: B.A Hobby: reading, listening to the music, using computer, watch original American movies, shopping, walking, travelling Family: 3 members, husband, twelve- year-old son

Text-related Issac Bashevinsfadematigsa1) an American short-story writer and novelist. Born in Poland, he came to the USA in 1935. His novels deal most with the heritage, faith,and daily lives of Polish Jews, particularly in the Warsaw Ghetto. He was awarded the Nobel Prize for Literature in 1978

PRE- READING QUESTIONS 1. Can you tell us something about Stevie Wonder according to our text? 2. What does the title mean?

Module12: Systems系统) 1、 I/Ohardwared(lo硬件) 2、Application Interface(应用程序l/O接口) 3、Kernel Subsystem(核心子系统) 4、Transforming I/O Requests to Hardware Operations(转换请求为硬件操作) 5、Performance(性能)

Module8: Deadlocks(死锁) 1、System Model(系统模型) 2、Deadlock Characterization(死锁特征) 3、Methods for Handling Deadlocks(处理死锁的方法) 4、Deadlock Prevention(预防死锁) 5、Deadlock Avoidance(死锁避免) 6、Deadlock Detection(死锁检测) 7、Recovery from Deadlock(死锁恢复) 8、Combined Approach to Deadlock Handling(综合处理方法)

Approaches to Asymmetric Catalysis Organometallic catalysis Broad scope Ligand control Inert conditions -Cost and toxicity Bioorganic catalysis Highly selective High rate of reaction Limited scope