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Solutions for Chapter 22: Value at Risk

Options, Futures, and Other Derivatives | 9th Edition | ISBN: 9780133456318 | Authors: John C. Hull

Full solutions for Options, Futures, and Other Derivatives | 9th Edition

ISBN: 9780133456318

Options, Futures, and Other Derivatives | 9th Edition | ISBN: 9780133456318 | Authors: John C. Hull

Solutions for Chapter 22: Value at Risk

Solutions for Chapter 22
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Textbook: Options, Futures, and Other Derivatives
Edition: 9
Author: John C. Hull
ISBN: 9780133456318

This expansive textbook survival guide covers the following chapters and their solutions. Chapter 22: Value at Risk includes 22 full step-by-step solutions. Options, Futures, and Other Derivatives was written by and is associated to the ISBN: 9780133456318. Since 22 problems in chapter 22: Value at Risk have been answered, more than 14018 students have viewed full step-by-step solutions from this chapter. This textbook survival guide was created for the textbook: Options, Futures, and Other Derivatives, edition: 9.

Key Business Terms and definitions covered in this textbook
  • accounting profit

    total revenue minus total explicit cost

  • average revenue

    total revenue divided by the quantity sold

  • average variable cost

    variable cost divided by the quantity of output

  • bank capital

    the resources a bank’s owners have put into the institution

  • capital

    the equipment and structures used to produce goods and services

  • closed economy

    an economy that does not interact with other economies in the world

  • deadweight loss

    the fall in total surplus that results from a market distortion, such as a tax

  • financial intermediaries

    financial institutions through which savers can indirectly provide funds to borrowers

  • game theory

    the study of how people behave in strategic situations

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • inflation

    an increase in the overall level of prices in the economy

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • open economy

    an economy that interacts freely with other economies around the world

  • perfect complements

    two goods with right-angle indifference curves

  • perfect substitutes

    two goods with straight-line indifference curves

  • prisoners’ dilemma

    a particular “game” between two captured prisoners that illustrates why cooperation is difficult to maintain even when it is mutually beneficial

  • public goods

    goods that are neither excludable nor rival in consumption

  • supply shock

    an event that directly alters firms’ costs and prices, shifting the economy’s aggregate supply curve and thus the Phillips curve

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions

  • utilitarianism

    the political philosophy according to which the government should choose policies to maximize the total utility of everyone in society

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