We develop a simple robust link between deep out-of-the-money American put options on a company’s stock and a credit insurance contract on the company’s bond. We assume that the stock price stays above a barrier B before default but drops below a lower barrier A after default, thus generating a default corridor [A, B] that the stock price can never enter. Given the presence of this default corr...

It is my pleasure to welcome you formally as clinical medical students at the Royal Victoria Hospital. All of you already will have been here long enough to realise that the successful metabolism of this hospital depends in large part on the integrative action of the main corridor. As you walk down the corridor you will meet your friends, and recognise all the different members ofthe hospital s...

Bats emit biosonar pulses in complex temporal patterns that change to accommodate dynamic surroundings. Efforts to quantify these patterns have included analyses of inter-pulse intervals, sonar sound groups, and changes in individual signal parameters such as duration or frequency. Here, the similarity in temporal structure between trains of biosonar pulses is assessed. The spike train similari...

K. Weber, S. Venkatesh and M.V. Srinivasany Department of Computer Science, Curtin University of Technology, GPO Box U 1987 Perth 6001, Australia. fweberk, svethag @cs.curtin.edu.au yCentre for Visual Sciences, Research School of Biological Sciences, Australian National University, P.O. Box 475 Canberra, A.C.T. 2601, Australia. [email protected] Abstract For a mobile robot to perfor...

If the contract makes dividend adjustments (as typical for contracts on single stocks but not on indices), then the term inside the parentheses becomes log((Yn+Dn)/Yn−1), where Dn denotes the dividend payment, if any, of the nth period. Corridor variance swaps accumulate only the variance that occurs while price is in the corridor. The buyer therefore pays less than the cost of a full variance ...

Introduction: The effect of education on esthetic perception is still unclear. This study aims to compare the perception of smile esthetics, under various conditions, among general and specialist dentists. Materials and Methods: A photograph of a woman’s smile was digitally altered using a software image editing program. Alterations were made tothe dental midline, anterior gingival displ...

The Maputo Development Corridor along the N4 toll road between the north-eastern provinces of South Africa and Maputo (the capital and main port of Mozambique) was initiated in 1996. A Development Corridor can be seen as a concept to elevate an area to a certain level of development. One of the objectives of this project was investment in transport infrastructure in order to create an enabling ...

Corridors may mitigate the adverse effects of habitat fragmentation by restoring or maintaining connectivity between disjunct populations. The efficacy of corridors for large carnivores, however has rarely been evaluated objectively. We used noninvasive sampling, microsatellite analysis, and population assignment tests to evaluate the effectiveness of a regional corridor in connecting two Flori...