We present a valuation model for pricing two asset barrier options on commodity futures. Applications to commodity futures have a number of specific. The analytical valuation formulas are also implemented. The payoff of a two asset barrier options is made against one of the assets, while the other asset is used to trigger the barrier.

A two-asset barrier option is a European style option whose value is determined by two underlying assets. One asset, S1, determines the payoff function, and the other, S2, knocks the option in or out if the S2 value crosses the barrier.

A Market Mix GIC is a type of guaranteed investment certificate, which offers a return based on a corresponding GIC rate and the performance of a basket of certain stock and bond market indices. The payoff at maturity from a Market Mix GIC can be shown equal to the invested principal plus this principal times the sum of the minimum guaranteed…[Read more]

The Market Mix GIC is a type of guaranteed investment certificate, of 3- or 5-year term, which offers a return based on a corresponding GIC rate and the performance of a basket of certain stock and bond market indices. To determine the rate of return, the percentage change in each index level from the initial level is calculated. Here the initial…[Read more]

A pricing model was developed for pricing a total return swap between two parties. Here party A receives LIBOR plus a spread, but pays out the equity dividends arising from a collateralized loan obligation (CLO).

1. Gergen argues that situations which human beings didn’t understand or deal with appropriately would inflict painful lessons – providing a conditioning or predisposition for learning. “In the Darwinian sense, the ability to conceptualize has survival value. To be more specific, concepts are valuable tools in problem solving.” (p.23) “In ess…[Read more]

Pese a su prestigio académico y a la importancia de su producción poética, el valenciano Juan Fernández de Heredia es un poeta cancioneril de cuya vida y obra todavía albergamos bastantes lagunas. Un factor que podría explicar esta situación es que sus poesías completas, editadas por Rafael Ferreres a mediados del siglo pasado, (Fernández de Hered…[Read more]

Los debates literarios son prácticamente consustanciales e intrínsecos a la existencia de la literatura en cualquier lengua y en cualquier cultura, en tanto que «en último término, remiten a condicionamientos pragmáticos humanos» (Chas Aguión 2002 : 59). Por lo que respecta a su inserción en la cultura de la Edad Media hispánica, hay un aspecto i…[Read more]

There is no doubt whatsoever that emotions are very important and highly significant in the processing of data and information, as well as in the day-to day functioning of the human being. Eric Klinger, whose expertise is in personality psychology and motivation theory, focuses on the influences of motivation and emotion on cognition. Klinger…[Read more]

The Akkadian of this lexicon was spoken by Neolithic farmers who migrated to Europe from the Middle East starting around 6500 BCE. This lexicon combined with the new genetic migration information demonstrates that Europe had its own ancient Pagan civilization just as important and innovative as any other ancient civilization. This lexicon begins…[Read more]

In the late 17th and early 18th centuries, when a new style of Persian poetry was developing in the Persianate world, several erudite literary critics appeared in India, whose meticulous critiques of Persian poetry was unprecedented in the long history of Persian literature. A close study of the works produced by these critics reveals their vast…[Read more]

In the first half of the 20th century, Nima developed an early form of modern Persian poetry with unequal lengths of lines and a different notion of rhyme. Nima developed a poetic form that was not symmetrical in its shape and music and was (partially) free from restrictions of rhyme and meter. At the same time Nima was theorizing a modern…[Read more]

June Julian’s paintings of old trees provided a strong basis for the methodology of aesthetic inquiry In her doctoral research at New York University. In 1994, from that phenomenological grounding, she developed a pioneering ecology art education project on the World Wide Web, and then invited the world to join in. With a genesis in her studio art…[Read more]

Wallace Stevens and philosophy of language

Although literature and logic share a number of surprising symmetries and historical contacts, they have typically been seen to occupy separate disciplinary spheres. Declaring a subfield in literary studies-logic and literature-this introduction outlines various connections between literary formalism and formal logic. It surveys historical…[Read more]

Wallace Stevens and philosophy of language

Thomas Hardy and theory of time

What can one, seemingly insignificant figure–possibly punctuation mark, possibly ideogram, possibly something else entirely–demonstrate about Ezra Pound’s figurative practice? #, which draws power from associations with Mencius’s well-field system and the Chinese character ching, becomes an emblem for a recurring quodlibet in The Cantos: how for…[Read more]

Philosophy began the 1890s rooted firmly in the monistic absolutism of F.H. Bradley and J.M.E. McTaggart; it ended the decade deracinated into the pluralistic atomism espoused by Bertrand Russell and G.E. Moore. If this intellectual sea change can be conceived as analytic and logical philosophies inventing their wheel, then T.S. Eliot re-invented…[Read more]

Are T. S. Eliot’s notes on The Waste Land a scholarly resource or a literary hoax? This oft-repeated question gets to the heart of the poem, which thrives on its allusions, whether seriously or cynically. However, scholars have largely passed over the notes’ (and the poem’s) numberings, despite their complexity and superabundance—a panoply of quan…[Read more]