Define agent and his responsibilities.
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An agent is a person who has the implied or actual authority to act on behalf of another. The owners whom the agents represent are the principals. Agents have a legal and ethical responsibility to make decisions that further the interests of the principals.
Explain the argued of Eugene Fama regarding excess return.
Explain Capital Asset Pricing Model returns on individual assets and Arbitrage Pricing Theory returns on investments.
Give an example of Model-independent hedging.
Illustrates the Epstein–Wilmott model?
Can a company have a default rate on its accounts receivable that is very low?
How are brokers compensated? What is the role of a broker in security transactions?
Is there margin option on long positions? Explain.
Give an example of different types of mathematics found in Quantitative Finance?
How is a Sharpe ratio maximized? Answer: Choosing the portfolio which maximizes the Sharpe ratio, will provide you the Market Portfolio.
Assume that the pound is pegged to gold at 6 pounds per ounce, while the franc is pegged to gold at 12 francs per ounce. Of course it implies that the equilibrium exchange rate ought be two francs per pound. If the current market exchange rate is 2.2 francs pe
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