By exercising early an American call on a non dividend stock you lose the interest on K(strike) you would gain if you invested it instead and you also lose the value of not exercising.

<t>It's a matter of preferences. I prefered Lulu because of the lower interantional shipping fees and the white paper (i prefer it this way rather than cream paper).Of course Lulu has a more "professional" website. It shows you an image of the cover and you can read a sample of the book. In Createsp...

Thanks, i'll have a look at it later on.

Ok, thanks Paul! I've read the part in PWOQF2 and I know what to do now. Again, many thanks for the wonderful set of books and your help.

<t>Hi, I need to price a risky bond that pays fixed coupons based on the rating of the issuer(Credit Sensitive Note). For higher ratings it pays less coupons and for lower ratings it pays more.After researching a lot, the only paper that came up was "Pricing Credit Derivatives with Rating Transition...

<t>Hi, i would like to see what you guys think about these two universities for the plain msc in Finance, not the maths/finance one.Imperial's course is more math oriented(which i like, given i come from an engineering discipline) and the uni is in London so that will help in the future. On the othe...

<t>At first thanks for your answer.The fees for all UK universities in maths and finance is around 17000, so they are all expensive. I am more interested in Imperial's Msc due to the fact that the college is located in London so it's a big advantage for the future. It's also important that the thesi...

<t>Hi, I have a Bsc/Msc in Electrical and computer engineering and i am considering what i should do next. One of my thoughts is the Maths and Finance master at Imperial College. It's very expensive and i'm not from England, so my decision has to be made very carefully. With this degree what kind of...