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Question: Why might additional reserves be required towards the end of the contract? Answer: Higher reserves towards the end of the contract By...
Question: The chief executive officer (CEO) of a company benefits from an executive reward plan that includes company shares currently worth...
Hi, Can someone explain what I am missing here? Unfortunately I don't know how to attach any images. I am referring to question 23.3 in the CMP...
Hello everyone, When the Call/Put option price sensitivities on share price are discussed the argument is that as the intrinsic value rise/fall...
Can someone clear up what log base we should he using in the Black Scholes formula? E.g. I could not reconcile my results with Question 15.5 in...
Hi, What is the difference between a bond future and an interest rate future? These seem like the same thing whereby it's a commitment to...
Hi, Why are options regarded as "in the money" when the spot crosses the strike price and without also factoring in the option premium? The...
In Pillar 1 Peak 1 calculations, the company may assume policyholder behaviour that does not result in the most onerous reserve if: it is in the...