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by Paul
April 5th, 2002, 3:11 pm
Forum: Student Forum
Topic: Risky bonds - forward and option pricing
Replies: 3
Views: 189022

Risky bonds - forward and option pricing

<t>trader, are you brave enough to exploit the difference? <br/> <br/> Even if the market is totally wrong (almost certainly the case in your example) will you be able to benefit? You can benefit in two ways:<br/> <br/> 1. Wait until the market sees sense...but this may never happen.<br/> 2. Wait fo...
by Paul
April 2nd, 2002, 7:01 pm
Forum: Off Topic
Topic: What Happened to Ed Yardeni
Replies: 14
Views: 190469

What Happened to Ed Yardeni

EY gives some tips in Book of Investor Rules. He ends with In the sweet scenario, stock prices could double or even triple by 2010. In the sour version, a long-term bear market would result. >>He's discovered hedging!

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by Paul
April 2nd, 2002, 3:46 pm
Forum: Careers Forum
Topic: Coaching/Mentoring
Replies: 3
Views: 189296

Coaching/Mentoring

Poor is the student who does not surpass his teacher da Vinci.

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by Paul
March 31st, 2002, 2:58 pm
Forum: General Forum
Topic: .
Replies: 27
Views: 190834

.

<t>Let me address the Black-Scholes question.<br/> <br/> 1. They assumed a certain 'random walk' as the stock model since it has been around for quite a while already (going back originally to Bachelier in 1900, although that was normal rather than lognormal).<br/> 2. They didn't particularly care a...
by Paul
March 31st, 2002, 10:17 am
Forum: Student Forum
Topic: Basics of volatility matrix
Replies: 29
Views: 192443

Basics of volatility matrix

I have to confess to there being some typos in the section going from implied vols to actual vols . I'll see if I can find the correct versions...but if anyone has them to hand...

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by Paul
March 29th, 2002, 2:50 pm
Forum: Technical Forum
Topic: Modeling Challenge!?
Replies: 7
Views: 189789

Modeling Challenge!?

It's a bit too easy to manipulate.

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by Paul
March 29th, 2002, 6:43 am
Forum: Off Topic
Topic: Is Paul really a Vampire?
Replies: 11
Views: 189542

Is Paul really a Vampire?

What are our 12 Steps?

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by Paul
March 28th, 2002, 4:46 pm
Forum: Student Forum
Topic: Basics of volatility matrix
Replies: 29
Views: 192443

Basics of volatility matrix

Aaron, haven't you got a positive skew? So we are saying the same thing.

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by Paul
March 28th, 2002, 4:03 pm
Forum: General Forum
Topic: Training course on Exotics
Replies: 10
Views: 189858

Training course on Exotics

Now I have 2 against IFF's course. It's a bit confusing! >>Doesn't sound confusing to me!

What areas are you particularly interested in?

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by Paul
March 28th, 2002, 3:56 pm
Forum: Technical Forum
Topic: Fractal Dimension
Replies: 6
Views: 190264

Fractal Dimension

<t>bubba, I'm not sure the question makes any sense. You get 'fractal dimension' when some random quantity (let's think in terms of financial stock returns) scales with timestep in particular ways. <br/> <br/> If the distribution of returns has a finite variance and that variance of returns scales w...
by Paul
March 28th, 2002, 8:58 am
Forum: Student Forum
Topic: Structured (cliquet) Note
Replies: 1
Views: 189254

Structured (cliquet) Note

<t>This is a very interesting highly path-dependent contract.<br/> <br/> To price this, both of the common methods can be applied, Monte Carlo and differential equations. The former is straightforward. For the latter you have to go to four dimensions, one for the stock, S, one for time, t, you must ...
by Paul
March 27th, 2002, 10:11 pm
Forum: Off Topic
Topic: Astrology
Replies: 24
Views: 190636

Astrology

why do all threads lead to god?

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by Paul
March 27th, 2002, 10:10 pm
Forum: Off Topic
Topic: Is Paul really a Vampire?
Replies: 11
Views: 189542

Is Paul really a Vampire?

Some people find these Forums quite addictive. It's only a matter of time now before someone gets fired (or divorced) for spending too much time here!

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by Paul
March 27th, 2002, 12:55 pm
Forum: Off Topic
Topic: Astrology
Replies: 24
Views: 190636

Astrology

I'm not sure you can make someone good at maths by telling them that. But it's the easiest subject in the world to make children bad at by knocking their confidence.

Famous mathematicians and star signs...???

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by Paul
March 27th, 2002, 12:39 pm
Forum: Student Forum
Topic: Returns
Replies: 5
Views: 189987

Returns

<t>Common sense says that you shld look at one of the first two when the P is a price of something you can invest in. The idea is that you don't care what the level of P is just how much it grows in %. If you are looking at some other time series such as interest rates, rainfall, whatever, then some...
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