Bonus Problem 3 Some people argued that the U.S. stock market crash o.pdf

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arvindarora20042013

Bonus Problem 3 Some people argued that the U.S. stock market crash on Black Monday was caused at least partly by the then popular strategy among institutional investors called as \"portfolio insurance\". Explain this strategy in detail. What is your opinion on the above argument on the cause of the stock market crash? Solution Portfolio Insurance : Portfolio insurance is an investment strategy where various financial instruments such as equities and debts and derivatives are combined in such a way that degradation of portfolio value is protected. It is a dynamic hedging strategy which uses stock index futures. It implies buying and selling securities periodically in order to maintain limit of the portfolio value. The working of portfolio insurance is akin to buying an index put option, and can also be done by using listed index options.We can also say that it is either a method of hedging a portfolio of stocks against market risk by short selling stock index futures, or it can also be brokerage insurance, such as that available from the Securities Investor Protection Corporation (SIPC). The SIPC was created as a non-profit membership corporation under the Securities Investor Protection Act. The SIPC oversees the liquidation of member broker-dealers that close when market conditions render a broker-dealer bankrupt, or puts them in serious financial trouble, and customer assets are missing. Stock market crash & portfolio insurance: The recent stock market collapse evokes memories of the infamous crash that surprised investors in October 1987, coming during a time of strong growth, full employment and rising inflation. Financial engineering via Portfolio Insurance in 1987 and Short Volatility today are the hallmarks leading to a price vacuum with sellers overwhelming absent buyers. Extraordinary stock market gains. Low levels of volatility. Full employment and rising growth prospects. Rising bond yields. Bullish market sentiment and record long portfolio holdings. Favorable corporate tax backdrop. Sound familiar? On Black Monday, October 19, 1987, the Dow Jones Industrial Average fell 22.6% in the greatest one-day loss ever recorded on Wall Street. Billions went up in flames. In an event that permanently rattled and changed market psychology, this collapse occurred under blue skies with seemingly no worries in sight. With a historic-record return in January and record-low volatility to boot, very few investors saw this current collapse coming. Up until a couple weeks ago, Black Monday had been a lost remnant on many investors’ minds. Today, the similarities are too identical to ignore. Thanks.

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5. Evaluate the following integral (t 2)cos Tut4)dt SolutionTh.pdf

arvindarora20042013

Which of the following types of viruses can infect both boot sectors and program files? A. File infector B. Multipartite C. Polymorphic D. System infector Solution B. A multipartite virus can infect both boot sectors and program files. Answer A is incorrect because file infector viruses infect files. Answer C is incorrect because a polymorphic virus is one that has the capability to change. Answer D is incorrect because system infector viruses infect system files.

Which of the following types of viruses can infect both boot sectors.pdf

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Which one is NOT typical of a ceramic material? low melting point high hardness high stiffness ionic bonding Solution ans : A Ceramic materials have high melting point Ceramics usually have a combination of stronger bonds called ionic (occurs between a metal and nonmetal and involves the attraction of opposite charges when electrons are transferred from the metal to the nonmetal); and covalent (occurs between two nonmetals and involves sharing of atoms). The strength of an ionic bond depends on the size of the charge on each ion and on the radius of each ion. These types of bonds result in high elastic modulus and hardness, high melting points, low thermal expansion, and good chemical resistance. On the other hand, ceramics are also hard and often brittle (unless the material is toughened by reinforcements or other means), which leads to fracture..

Which one is NOT typical of a ceramic material low melting point h.pdf

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4. Define communication security, information security, network security, physical security with example. Solution Communication Security The protection resulting from all measures designed to deny unauthorized persons information of value that might be derived from the possession and study of telecommunications, or to mislead unauthorized persons in their interpretation of the results of such possession and study. Also called COMSEC. Communications security includes: cryptosecurity, transmission security, emission security, and physical security of communications security materials and information. a. cryptosecurity--The component of communications security that results from the provision of technically sound cryptosystems and their proper use. b. transmission security--The component of communications security that results from all measures designed to protect transmissions from interception and exploitation by means other than cryptanalysis. c. emission security--The component of communications security that results from all measures taken to deny unauthorized persons information of value that might be derived from intercept and analysis of compromising emanations from crypto-equipment and telecommunications systems. d. physical security--The component of communications security that results from all physical measures necessary to safeguard classified equipment, material, and documents from access thereto or observation thereof by unauthorized persons. Physical Security Physical security is the protection of personnel, hardware, software, networks and data from physical actions and events that could cause serious loss or damage to an enterprise, agency or institution. This includes protection from fire, flood, natural disasters, burglary, theft, vandalism and terrorism. Physical security has three important components: access control, surveillance and testing. Obstacles should be placed in the way of potential attackers and physical sites should be hardened against accidents, attacks or environmental disasters. Such hardening measures include fencing, locks, access control cards, biometric access control systems and fire suppression systems. Second, physical locations should be monitored using surveillance cameras and notification systems, such as intrusion detection sensors, heat sensors and smoke detectors. Third, disaster recovery policies and procedures should be tested on a regular basis to ensure safety and to reduce the time it takes to recover from disruptive man-made or natural disasters. Information Security Information security (infosec) is a set of strategies for managing the processes, tools and policies necessary to prevent, detect, document and counter threats to digital and non-digital information. Infosec responsibilities include establishing a set of business processes that will protect information assets regardless of how the information is formatted or whether it is in transit, is being processed or is at rest in storage.

4. Define communication security, information security, network secu.pdf

arvindarora20042013

What ethical concerns do anthropologists confront? Solution Race has little biological activity because humans have little actual genetic variation but have superficial differences that we can observe mainly gathered by anthropologists. According to American Anthropological Association’s Code of Ethics, the ethical concerns do anthropologists have \"consultation of the maker who is the first user of anthropological object with his/her ethnic race group in the society then only it is essential to display in the museums or exhibitions. Therefore, it is essential to follow ethical aspects when describing these objects in public presentation. Any genetic aspects of the objects must be kept under confidentiality under government regulations.

What ethical concerns do anthropologists confrontSolutionRace.pdf

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What is the general location of the three different types of amino acids in the typical soluble protein? In the typical nonsoluble membrane protein? Solution Aminoacids, the monomeric units that link together to form proteins, have a standard structure. The carbon atom of each amino acid is bonded to four various compound groups and ergo is asymmetric. The side chain have R group. Aminoacids could be classified into a few distinct categories based primarily on their solubility in water, which can be influenced by the polarity of their area chains. Proteins with polar side groups tend to be on the surface of proteins; by connecting with water, they make proteins soluble in aqueous solutions. In comparison, amino acids with nonpolar side groups avoid water and aggregate to make the water insoluble core of proteins. The polarity of amino acid side chains thus is one of the forces responsible for shaping the final three-dimensional structure of proteins. Hydrophilic or water-soluble, amino acids have ionized or polar area chains. Hydrophobic amino acids have aliphatic side organizations, which are insoluble or only slightly soluble in water..

What is the general location of the three different types of amino a.pdf

arvindarora20042013

3 Suppose V is finite-dimensional and v element of V with v is not eq.pdf

arvindarora20042013

The vast majority of commenters envision a strong role for the FASB in the endorsement of IFRS and that they expect the FASB to be able to exert influence on the standard-setting process of the IASB through this endorsement role. How Does Convergence Fit into the FASB’s Mission? Solution Answer: This considerations is unique to the US. Such a mechanism can serve as an important ‘sovereignty circuit-breaker’ to ensure that international rules do not automatically form a part of national law. Such arrangements are used by the majority of IFRS jurisdictions and are respected by the IASB. We also understand that US respondents wish to see a strong role for the FASB. From the IASB perspective, it is clear that the US’s contributions to the future Accounting Standards Forum and to the standard-setting process of the IASB would have greater weight if the US were to employ an endorsement approach to the use of IFRS..

The vast majority of commenters envision a strong role for the FASB .pdf

arvindarora20042013

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