This paper provides simple approximations for evaluating option prices and implied volatilities under stochastic volatility. Simple recursive formulae are derived that can easily be implemented in spreadsheets. The traditional random walk assumption, dominating in the analysis of financial markets, is compared with mean reversion which is often more relevant in commodity markets. Deterministic ...

this study investigated the effect of reciprocal teaching (rt) on efl learners’ reading comprehension. fifty intermediate learners participated in the study and were sampled as the experimental (n = 25) and control groups (n = 25). participants were male and ranged in age from 15 to 16. the reading section of key english test (ket, 2010) was used as the pretest to assess the participants’ entry...

the present study attempted to introduce shared reading as one of the most effective techniques in cultivating the learners’ reading and writing abilities. to this end, 50 homogenous students were assigned to the control and experimental groups following the administration of a standardized english proficiency test. thenceforth, based on writing and reading pretest scores of the learners on a g...

this study seeks to examine how teachers’ educational background (those who have educated in tefl in comparison to those who have educated in literature) may influence their beliefs and attitudes on language learning, teaching and the teaching methods they apply in their classes. on a general basis, depending on teachers’ opinion, learning process might be seen as behavioristic, inductive, inte...

this study was an attempt to investigate whether teaching critical reading strategies had any significant effect on intermediate efl learners’ vocabulary retention. to fulfill the purpose of this study, 72 male and female students within the age range of 17 to 32 years studying at farzan and farzanegan language schools in tehran at intermediate level were selected from a total number of 114 par...