We present a model for pricing a path-dependent, equity-linked payoff. Here a bounded price return is calculated from an underlying index at certain pre-specified dates. The total return at maturity is given by the sum of the bounded price returns above, but where a specified number of the highest of these returns are set to a cap value.

We present a model for pricing a path-dependent, equity-linked payoff. Here a bounded price return is calculated from an underlying index at certain pre-specified dates. The total return at maturity is given by the sum of the bounded price returns above, but where a specified number of the highest of these returns are set to a cap value.

A model is presented for pricing an American call option on stock. The option tenor is n years, and its strike price is increased every anniversary. It has also the following feature: if the stock price stays in excess of 200% of the current strike price during 10 consecutive trading days. The seller can issue a notice to the buyer that one half…[Read more]

A model is presented for pricing an American call option on stock. The option tenor is n years, and its strike price is increased every anniversary. It has also the following feature: if the stock price stays in excess of 200% of the current strike price during 10 consecutive trading days. The seller can issue a notice to the buyer that one half…[Read more]

In 2022 the Wollondilly Shire Local Planning Panel approved the demolition and reconstruction of the Menangle Community Hall. The Menangle Community Association originally lodged the Development Application with Wollondilly Shire Council in July 2021. The Menangle Community Association originally is managing the Menangle School of Arts project.…[Read more]

In 2022 the Wollondilly Shire Local Planning Panel approved the demolition and reconstruction of the Menangle Community Hall. The Menangle Community Association originally lodged the Development Application with Wollondilly Shire Council in July 2021. The Menangle Community Association originally is managing the Menangle School of Arts project.…[Read more]

De todas las divisiones mediante las que Hernando del Castillo organizó su cancionero, la de Obras de burlas provocantes a risa es una de las más peculiares por varios motivos que sería largo describir. Dejaremos conscientemente al margen todas las aportaciones que tienen que ver con el papel de esta sección en el diseño de la tipología canci…[Read more]

The Cathars became a major movement, while having some influence in the Rhineland, Northern Italy and Northern France the movement was strongest in southern France (especially the Languedoc region) and northern Italy. By the 12th century the Cathar popular movement had gained a substantial following in urbanized southern France.
The dualistic…[Read more]

1. Motivation: Spiritual beliefs as a Drive or Motivation.
When you talk to “spiritual people” – spiritual beliefs are not just a motivation but a very profound source of inspiration and a powerful drive. In contrast spirituality as a motivation is conspicuously absent from much of academia proper. Beginning in 2017, I did substantial research.…[Read more]

A pesar de que ya el clásico de Cicerón sobre la amistad enfatizaba cuántos daño podría producirse al considerarla “como compañera de los vicios” en vez de “ayudante de las virtudes”, en realidad el concepto medieval de las malas amistades, dejando al margen el significado de ‘amistad’ como ‘tratado’ o ‘confederación’, se explica mejor en términ…[Read more]

The Four Primary Drives: The Need for Meaning, the Need to Belong, the Need for Ideology, and the Spiritual Drive
Religious beliefs are primarily created and generated by four very basic and fundamental “Needs” or “Drives.” From a rather practical and pragmatic approach, in general, religions could be said to involve meaning or purpose, others…[Read more]

George Barton, PhD: “Disaster and sorrow compel either a soul or a nation to seek anew the foundations of life. Times of sorrow are accordingly times of religious growth. The Babylonian exile was no exception. Indeed, the influence of this exile upon the religion of Israel was enormous. This was in part due to the fact that the exile was the e…[Read more]

Abstract:
Developing nations lack the technological skill, infrastructure, and ability to tackle or plan for environmental and social sustainability or resilience to emerging global adversities (UN, ND; Utoikamanu, 2018; El Hajj, Montes, & Jawad, 2021). Cities house more than 50% of the planet’s population in neighbourhoods and can suffer from…[Read more]

The focus of this study is on the influence of urban ‘woods’ on people’s quality of life in disadvantaged neighbourhoods investigated via the lens of architecture in a Sub-Saharan metropolis. The new intra-Covid Urban Agenda acknowledges that current urban and state-wide resilience management plans, policies, and practices of neighbourhood are…[Read more]

The focus of this study is on the influence of urban ‘woods’ on people’s quality of life in disadvantaged neighbourhoods investigated via the lens of architecture in a Sub-Saharan metropolis. The new intra-Covid Urban Agenda acknowledges that current urban and state-wide resilience management plans, policies, and practices of neighbourhood are…[Read more]

Eighteenth-century Spanish music experienced a golden age thanks, especially, to the proliferation of centers such as the chapels, which articulated and structured the musical life of our cities: the main sound activity was centered on ecclesiastical music, both liturgical and paraliturgical, with which religious festivities were solemnized.…[Read more]