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.

Forest conservation is a very important concept across the world. It is not only crucial for climate change but also very critical for the survival of humanity. In Africa, forests have always been an important aspect of nature that is regarded with uttermost reverence and
care. Importantly, discussions on health, healthcare, culture, economics…[Read more]

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).

Due to subjectivity in oral assessment, much concentration has been put on obtaining a satisfactory measure of consistency among raters. However, obtaining consistency might not result in valid decisions. One matter that is at the core of both reliability and validity in oral performance is rater training. Recently, the Multifaceted Rasch…[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]

In January 2004, residents of Zambia’s capital, Lusaka, were treated to a disturbing sight. Over 200 members of the governing Movement for Multiparty Democracy party marched through the streets of the capital carrying a mock coffin bearing the name of Roy Clarke, a prominent newspaper satirist and white British national who had been a permanent r…[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

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]