Explain useful properties of low-discrepancy sequence theory
Explain useful properties of low-discrepancy sequence theory or quasi random number theory.
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The subject relates the distribution of points in an arbitrary no. of dimensions in order to cover this space as efficiently as possible, along with as little points as possible, as demonstrated in figure. The methodology is used in the evaluation of multiple integrals between other things. Such ideas would find a use in finance approximately three decades later.
Figure 1.1: They may not look like this, but all dots are distributed deterministically in order to have very useful properties.
Explain the way of estimating an average.
Problem 21-1 Valuation Harrison Corporation is interested in acquiring Van Buren Corporation. Assume t
When my company is not listed, therefore the investment banks apply an illiquidity premium. In fact, they say this is an illiquidity premium but then they call this a small cap premium. Only one of the banks, apparently based upon Tit
Assume that you are a financial manager of Yuen Cheong Manufacturng Company. Due to the rising demand of product X, Yuen Cheong Manufacturng Company decides to open a new production plant in China, so it needs to take a loan of US$1 million. Bank A offers Yuen Cheong
Value Chain: The value chain is a theory from business management that was first described and popularized Michel Porter in his 1985 best seller, Competitive Advantage: Creating and Sustaining Superior Performance.
AB Corporation has 3 million shares of common stock selling at $19 each. It also contains $25 million in bonds with coupon rate of 8%, selling at par. AB requires $10 million in new capital that it can raise by selling stock at $18, or bonds at 9% interest. The expect
Taurus Corporation needs a computer, which it can buy for $100,000. Taurus will depreciate the computer uniformly over its useful life of 5 years. An investment tax credit of 7% is also available, and the computer will have no residual value. Taurus plans to borrow th
Distinguish between Operational efficiency and informational efficiency?
How can we compute a company's cost of capital in emerging nations, particularly when there is no state bond that we could take as a reference?
Did you notice the Vueling case? How is this possible that an investment bank sets the objective price of its shares in €2.50 per share upon the 2nd of October, 2007, just after replacing Vueling shares at €31 per share in J
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