Where you are getting confused is that you are interpreting the variable t as it is declared in the Black-Scholes formula with what is traditionally called the time value. This is not correct. The ...

Nothing stops an individual or a fund manager from buying and holding all and only those shares which comprise a given index. Consider that many professionally managed funds are closet index trackers ...

In addition to those points already addressed in the comments: It is important to understand that there is a difference between what we might call the physical oil market and the paper oil market, ...

ETF management fees are paid out of the funds assets, usually out of a combination of capital and accrued dividends. Using the comparison function on google Finance (click on the max tab above the ...

The reporting of financial data in round thousands is applicable only on the tabbed page headed "Financials". The tabbed page headed "Statistics", where you are reading the total shares outstanding, ...

It is not clear to me that you are thinking about this formula correctly. The uncovered interest rate parity formula is used to help judge if forward exchange rates fairly reflect interest rate ...

The sort answer is because the banks create money through lending, and bank lending is fundamental to a prosperous economy. They are not allowed to create money to invest in equities or ETFs. ...

First note that the total and non-reportable numbers agree between the two linked reports. The difference arises when we look at how the two reports break down the market participants into categories....

The SGBS (USD denominated) product is there to appeal to large institutional investors who keep large amounts on USD at hand and wish to trade gold. (Private, retail investors with USD in their ...

When the bust came in 2008, hedge funds were force to settle out liquid positions (such as treasury bonds) in order to raise cash in order to meet margin calls on their illiquid positions. These ...

Why would one buy a bond with a negative rate? Buying a bond with a negative redemption yield can be profitable in real terms in a period deflation. If deflation sends prices down by 4% and you ...

I believe that the confusion here may be the result of mixing up two different types of prices - what we might call "official" prices and "market" prices. The exchanges issue official prices. They ...

If you had sold your shares on April 8th then you would have received the cash in your account 3 working days later. I think what you mean to say is that you placed an order to sell on April 8th and ...

The basic difference concerns your set of choices. With an open choice policy you are free to choose any appropriate treatment provider, while with an open access policy your choice is restricted to ...

The gov.uk site includes a brief test to check if you need to send a self-assessment tax return. According to the information you have provided, you do need to send a return. This issue appears to ...

This has already happened. However, it is not exchanges subsuming brokers, it is brokers creating their own virtual exchanges. See, for example, Physical and Virtual Exchanges. One example is BATS ...

Simons is highlighting the problems faced when trying to establish an accurate database of historical prices for analysis. Before his team of physicists and mathematicians can work their magic with ...

These warrants do not have a fixed expiration date, rather their expiration date is dependant upon the company completing an acquisition. Thirty days after the acquisition is complete the warrants ...

The Indian regulator (SEBI) has banned trading in 300 shell companies that it views as being "Shady", including VB Industries. According to Money Control (.com): all these shady companies have ...

The two are not equivalent in terms of net P/L. If you take a bullish view of the dollar against the euro, then there are reasons to buy USDEUR rather than sell EURUSD. For example, suppose you ...

The spot yield curve is not a chart of a single treasury bond yield - e.g., 2year of 10 year. The spot yield curve is a graph of zero-coupon bond yields plotted against time. For example, to obtain ...

In the case of regulated, exchange-traded options, the writer of an options contract is obliged to maintain a margin with their broker, and the broker is obliged to maintain a margin with the clearing ...

There is a fiddly way you can do it. For example, I obtained the April 2014 factsheet from the FTSE Analytics site using the following method. As you have already done, click on the "archive" link ...

Such activity is normally referred to as bartering income. From the IRS site - You must include in gross income in the year of receipt the fair market value of goods or services received from ...

Why does the yield go up if the country is economically unstable? The yield will rise when instability increases because the risk of default increases. If the case of Greece, the instability of ...

Regarding "Interest on idle cash", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money and the firm's money is not intermingled, ...

In general terms, a lack of qualified, talented people will restrict a companies ability to grow since there simply will not be the necessary human resources available to successfully implement a high ...

Without further context it is hard to be specific, however I suspect that something along these lines is occurring : If the number of shares being offered at the current ask price is greater than ...

The Japanese stock market offers a wide selection of popular ETFs tracking the various indices and sub-indices of the Tokyo Stock Exchange. See this page from the Japan Exchange Group site for a ...

As BrenBarn points out in his comment, the real values are inflation adjusted values using the consumer price index (CPI) included in the spreadsheet. The nominal value adjusted by the CPI gives the ...