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Could you please kindly explain the difference between: Only extract the part of the large individual claims that are in excess of the threshold...
This answer I am putting down here is from Examiner's report: Under Mix assumptions How do you know that the driving history will even out over...
Hi! I am having a doubt in the same question. In the ASET, under (d) DATA "Legacy data systems determine data grpings for long... Although...
Can someone let me know what Captalisation horizon means? Regards Adithyan
Hi! I want to know why in Paper 1 of Nov 2015, they look for an upper bound of 5%? I don't understand the intent behind this. Can someone help?...
I dont understand why in col 2 the formula if(rand()<p,payout,0) is used. I am unable to understand what is being done there. Why should rand() be...
Hi Sir! Thanks for your reply. I am actually unable to understand the part where V1 is found using the formula S0*PHI(d1)-Ke^-r(T-t)*PHI(d2)...
Hi! I agree that S0 is 1 (given in question). But Value of option @ time 1 is = S1 phi(d1) - Ke^-r(T-1)phi(d2). How can you use S0=1 value in...
Isn't V1 = S1*PHI(d1)-Ke^-r(T-t)*PHI(d2)? In this qn we dont have S1 and how can we substitute value of S0 in S1? Then why in revision notes it...
