The tool of Series solutions in Quantitative Finance
Explain the tool of Series solutions in Quantitative Finance.
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Series solutions: If your equation is linear and they mostly all are in quantitative finance then you might be capable to solve a particular problem with adding together the solutions of many problems. Series solutions are while you decompose the solution in a (potentially infinite) sum of simple functions, as cosines and sines, or a power series. It is the case, for illustration, with barrier options consisting of two barriers, one below the current asset price and another above.
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Based on the information below, calculate the weighted average cost of capital. Great Corporation has the following capital situation. Debt: One thousand bonds were issued five years ago at a coupon rate of 10%. They had 25-year terms and $1,000 face values. They are now selling to yield 9%. Th
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Presently, the spot exchange rate is $1.50/£ and the three-month forward exchange rate is $1.52/£. The interest rate of three month is equal to 8.0% per annum in the U.S. & 5.8% per annum in the U.K. One can borrow as much as $1,500,000 o
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