An Asian option or average option is a special type of option contract where the payoff depends on the average price of the underlying asset over a certain period of time. The payoff is different from the case of a European option or American option, where the payoff of the option contract depends on the price of the underlying stock at exercise date.

This paper examines one intellectual and historical premise upon which the foundational distinction between reproduction and resistance rests in critical education: the line of critique against the French communist philosopher Louis Althusser’s theory of education. In the paper, I claim that a particular reading of Althusser coming out of B…[Read more]

An American option give an investor the right but not the obligation to buy a call or sell a put at a set strike price at any time prior to the contract’s expiry date. Since investors have the freedom to exercise their American options at any point during the life of the contract, they are more valuable than European options, which can only be e…[Read more]

An implied volatility is the volatility implied by the market price of an option based on the Black-Scholes option pricing model. In cap market, a cap/floor is quoted by implied volatilities but not prices. An interest rate cap volatility surface is a three-dimensional plot of the implied volatility of a cap as a function of strike and maturity.

An implied volatility is the volatility implied by the market price of an option based on the Black-Scholes option pricing model. A volatility surface is derived from quoted volatilities that provides a way to interpolate an implied volatility at any strike and maturity.

An implied volatility is the volatility implied by the market price of an option based on the Black-Scholes option pricing model. An interest rate swaption volatility surface is a four-dimensional plot of the implied volatility of a swaption as a function of strike and expiry and tenor.

Overnight index swaps (OIS) curves became the market standard for discounting collateralized cashflows. The reason often given for using the OIS rate as the discount rate is that it is derived from the fed funds rate and the fed funds rate is the interest rate usually paid on collateral. As such the fed funds rate and OIS rate are the relevant…[Read more]

The work productivity of an individual is an organizational asset that can be equated to progress and success. It provides satisfaction to the employees, the organization, and other stakeholders. This study assessed the work productivity among selected employees from a tertiary education institution before COVID-19 pandemic. To accomplish this…[Read more]

A syllabus for a 300-level (3rd year) English literature course taught at the University of Victoria’s English department

Recent world developments have put a strain on the humanities in general, and higher education music performance study degree-programmes in particular. In an educational system currently promoting consumer product relationships where the music performance teacher is very much accountable for the students’ development into professional musicians a…[Read more]

The basis curve construction methodology is based on the most liquid market instruments. Normally a basis curve is divided into two parts. The short end of the term structure is determined using LIBOR rates and the remaining is derived using basis swaps.

The audiobook, in its modern form, was created in the 1930s to assist the blind community, World War I veterans and others unable to engage in Sustained Silent Reading (SSR). This dissertation investigates exactly how the audiobook and, to a lesser extent, the podcast have been received and celebrated by the world of library and information…[Read more]

Because of the unexpected and debilitating effect of the current pandemic, the impact of the pandemic on teachers is detrimental. This paper investigated the public-school teachers’ sleep, religious tasks, and suicidal thoughts. The study used a descriptive correlational de-sign with the online survey as the primary data…[Read more]

Abstract

The audiobook, in its modern form, was created in the 1930s to assist the blind community, World War I veterans and others unable to engage in Sustained Silent Reading (SSR). This dissertation investigates exactly how the audiobook and, to a lesser extent, the podcast have been received and celebrated by the world of library and…[Read more]

Zero curves can be derived from government bonds or LIBOR/swap instruments. The LIBOR/swap term structure offers several advantages over government curves, and is a robust tool for pricing and hedging financial products. Correlations among governments and other fixed-income products have declined, making the swap term structure a more efficient…[Read more]

This essay provides a brief overview of the base-superstructure model for social analysis, which is then
applied to the problem of school funding inequality in Pennsylvania. A review of contemporary data, followed
by a discussion of the historical practices and institutions behind these data, along with recent survey attempts
to address funding…[Read more]

Earth Focus is a forum for discussion and a catalyst for action for young people of all ages. We deal with issues concerning our environment, community and culture at all levels. Issue 17 includes the sections: Your Future Starts Here, Decent and Dignified Jobs, Voices of Child Labor, Prepare for a Career, Become a Volunteer, Youth Employment in…[Read more]

The academic environment is full of challenges and obstacles. With this idea, students promote some unconventional practices in studying. One of which is academic procrastination. This study analyzed the relationship between academic procrastination and academic performance of freshmen students from a teacher education institution. The researcher…[Read more]

The primary aim of this research was to identify the issues encountered by school administrators and teachers in implementing the voucher program. We identified administrative issues in terms of the release of vouchers or billing statements, providing resources, application, and processing of documents, and career guidance orientation. Meanwhile,…[Read more]

The term structure of interest rates, also known as yield curve, is defined as the relationship between the yield-to-maturity on a zero coupon bond and the bond’s maturity. Zero yield curves play an essential role in the valuation of all financial products.