Introduction In the era of information technology, current business has been operated completed differently from previous. Of course, financial market also become more and more complicated in order to associate with change of business structure. Consequently, this had led to rising of financial risk to investors invisibly. Hence, investors would like to speculate and hedge the financial risk as much as possible when do financial decision. Derivative financial instruments such as options, futures
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workers could stand up against the upper management. There were hopes that there would never be any complications, but in September of 1893 George Pullman and the Pullman industries began to reduce the wages by 25% while not lowering the cost of rent in company homes.
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University of Hong Kong Reference book: Martin Baxter and Andrew Rennie, Financial Calculus, published by Cambridge University Press 2 1. Contract: An agreement to buy an underlying asset at a specific price on a specified date. specified price - strike price, exercise price specified date - maturity price 2. Options: (i) Call option: a right for the holder of option to buy an underlying asset at a specified price on a specified date. (ii) Put option: a right for the holder of option to sell
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are expecting IBM stock price to go up in next 8 months, however you are not completely sure. So you decide to use just one option, either European call or European put on IBM stock maturing in 8 months to bet on your view about IBM’s stock price prospects. Suppose that the current stock price and the strike price for both call and put on the IBM stock is $50. (a) What option will you invest in? Explain. Call. Call price will go up if the stock price goes up. The losses are limited by the option
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Government then saw that they had to enforce rules for a safer working environment. The triangle fire happened right at the time that the workers were on strike for better working conditions. The triangle fire happened in the efforts to unionize and during the strikes for better working conditions. Most factory workers at this time were on strike because the working conditions were terrible in the building in wit they worked in. the triangle factory is a factory were they make shirtwaist with was
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the American Railway Union, soon tied up much of the country’s rail system. As the situation deteriorated, U.S Attorney General Richard Olney, himself a former railroad lawyer, deputized over 3,000 in an attempt to keep the rails open. This was followed by a federal court injunction against union interference with trains. When rioting ensued, President Cleveland sent in troops and the strike was eventually broken. Another example includes the Great Railroad Strike of 1877. The widespread labor violence
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benefits of negotiating with employees • to represent black workers' interests more vigorously • developing political and economic resistance to the government which led to abolishing apartheid • creating political and economic unrest in the form of strikes to bring about democracy PERSONAL OPINION Trade unions are a necessary component of a successful business for the employer and a fulfilling workplace for employees. Trade unions ensure that all aspects of working life should be the subject of discussion
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economic problem since it gained independence. The past three years saw the problem of unemployment brought about the chaotic and uncertain industrial conditions in the country. Almost majority of establishment suffered because of the massive strikes mounted by the workers in almost all fields of endeavor. Now more than ever, the strength of the workers is felt because they are now organized. Workers join labor unions because they have grievances may concern wages, sick and vacation leaves, overtime
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2010. The Air India employees went on strike also to protest a delay in payment of salaries and problems relating to the working conditions of the cabin crew. Several flights all over India were cancelled and passengers were left stranded at major airports causing them to vent their anger against the “National” carrier. The Air India Management had mustered all available resources to minimize the impact on the scheduled operations. The timing of this strike has also caused grave repercussions to
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newsboys struggling to make a living in 1899. When the price they have to pay for the newspaper is raised, they create their own labor union to fight against the newspaper tycoons. Watch Newsies and answer the following questions! Then watch “The Strike-The True Story” to learn about the true story that inspired the movie Newsies! (Each answer below is worth 4 points.) 1. As you view the movie, notice the “signs of the times,” or the signs of the Industrial Revolution era. Find and describe
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