When the US health care reform legislation comes into full force in 2014, about one third of employers will definitely or probably stop offering health insurance coverage to their workers, consulting company McKinsey wrote in a study involving over 1,300 companies from various industries and...
The December issue of The Quarterly Review of Biology is now available. The issue features articles on the nature of individual organisms, evolution observed in the lab, play behavior across animal species, and a criticism of intelligent design creationism. Abstracts are available here. What is...
This question from Hull's Options Futures and Other Derivatives text is really messing with my head. It's Example 4.2 on Pg. 78 of the 7th Edition. Goes like this:
"Suppose that a lender quotes the interest rate on loans as 8% per annum with continuous compounding, and that interest is actually...
I know the equation of compound interest but I dont know how to use it for quarterly or half yearly basis.Can you come up with simple but correst formulas which could be used for this case.Please also give the names for each symbol in
the equation.