We consider the problem of pricing European forward starting options in the presence of stochastic volatility. By performing a change of measure using the asset price at the time of strike determination as a numeraire, we derive a closed-form solution based on Heston’s model of stochastic volatility.

This study provides an assessment of the healthiness Sharia Bank in Indonesia and analyse results. We used three four Banks listed on Stock Exchange (IDX) as a sample risk-based bank rating (RBBR) methodology by measuring risk profile condition, profitability (earnings), capital, good corporate governance (GCG). Data were collected quarterly from 3rd quarter 2018 until 4th 2020 PT BRI Syariah T...

Understanding how to create the right movement for a specific character is a significant open problem in computer animation. This same problem, however, has been at the heart of the work of performance artists for hundreds of years. In this work, we try to learn from the lessons contained in the performing arts literature so that we can apply them to creating rich, engaging, animated characters...

Recent application of coupled-room systems in performing arts spaces has prompted active research on sound fields in these complex geometries. This paper applies a diffusion-equation model to the study of acoustics in coupled-rooms. Acoustical measurements are conducted on a scale-model of two coupled-rooms. Using the diffusion model and the experimental results the current work conducts in-dep...

Development of levels of service in municipal context is a flexible vehicle to assist in performing quality-cost trade-off analysis for municipal services. This trade-off depends on the willingness of a community to pay as well as on the condition of the assets. Community perspective of the performance of an asset from service point of view may be quite different from the municipality perspecti...

a Departament de Física i Enginyeria Nuclear, Universitat Politècnica de Catalunya, EUETIB, E-08036 Barcelona, Spain b Institut d’Estudis Espacials de Catalunya (IEEC), E-08034 Barcelona, Spain c Physik Department E12, Technische Universität München, D-85748 Garching, Germany d Maier-Leibnitz-Laboratorium der Münchner Universitäten (MLL), D-85748 Garching, Germany e Department of Physics, Centr...

Since the economic reform in Vietnam in 1986 provided more artistic and financial autonomy, the arts community has had more opportunity to develop. It has hence become necessary for arts leaders to obtain management and marketing skills to adapt to the new competitive environment. This necessity became vital when the Vietnamese government sought to tackle the problem of inadequate state funding...

This study aims to examine whether return on equity, current ratio, net profit margin, debt equity ratio and asset have an influence stock returns in trading, service investment sector companies listed the Indonesia Stock Exchange 2017-2019 period. .This research is a quantitative research, which uses data from 154 Exchange, with sampling technique using purposive obtained sample of 60 that mee...