Mathematics For Elementary Teachers With Activities
5th Edition
ISBN: 9780134423401
Author: Sybilla Beckmann
Publisher: PEARSON
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Chapter 3.4, Problem 13P
Can the following problems about voters be solved by adding
Problem 1 About Voters: In Kneebend County,
Problem 2 About Voters: In Kneebend County,
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3. A market consists of two risky assets with rates of return R₁ and R2 and no risk-free
asset. From market data the following have been estimated: ER₁ = 0.25, ER2 = 0.05,
Var R₁ = 0.01, Var R2 = 0.04 and the correlation between R1 and R2 is p = -0.75.
(i) Given that an investor is targeting a total expected return of μ = 0.2. What
portfolio weights should they choose to meet this goal with minimum portfolio
variance? Correct all your calculations up to 4 decimal points.
(ii) Determine the global minimum-variance portfolio and the expected return and
variance of return of this portfolio (4 d.p.).
(iii) Sketch the minimum-variance frontier in the μ-σ² plane and indicate the efficient
frontier.
(iv) Without further calculation, explain how the minimum variance of the investor's
portfolio return will change if the two risky assets were independent.
2. A landlord is about to write a rental contract for a tenant which lasts T months. The
landlord first decides the length T > 0 (need not be an integer) of the contract, the
tenant then signs it and pays an initial handling fee of £100 before moving in. The
landlord collects the total amount of rent erT at the end of the contract at a continuously
compounded rate r> 0, but the contract stipulates that the tenant may leave before T,
in which case the landlord only collects the total rent up until the tenant's departure
time 7. Assume that 7 is exponentially distributed with rate > 0, λ‡r.
(i) Calculate the expected total payment EW the landlord will receive in terms of T.
(ii) Assume that the landlord has logarithmic utility U(w) = log(w - 100) and decides
that the rental rate r should depend on the contract length T by
r(T)
=
λ
√T
1
For each given λ, what T (as a function of X) should the landlord choose so as to
maximise their expected utility? Justify your answer.
Hint. It might be…
Please solving problem2
Problem1
We consider a two-period binomial model with the following properties: each period lastsone (1) year and the current stock price is S0 = 4. On each period, the stock price doubleswhen it moves up and is reduced by half when it moves down. The annual interest rateon the money market is 25%. (This model is the same as in Prob. 1 of HW#2).We consider four options on this market: A European call option with maturity T = 2 years and strike price K = 5; A European put option with maturity T = 2 years and strike price K = 5; An American call option with maturity T = 2 years and strike price K = 5; An American put option with maturity T = 2 years and strike price K = 5.(a) Find the price at time 0 of both European options.(b) Find the price at time 0 of both American options. Compare your results with (a)and comment.(c) For each of the American options, describe the optimal exercising strategy.
Chapter 3 Solutions
Mathematics For Elementary Teachers With Activities
Ch. 3.1 - Write an Add To problem that fits naturally with...Ch. 3.1 - Write a Put Together/Take Apart, Both Addends...Ch. 3.1 - Write two versions of a Compare, Difference...Ch. 3.1 - Write two versions of a Compare, Bigger Unknown...Ch. 3.1 - Identify the type and subtype of each of the...Ch. 3.1 - Write an Add To, a Put Together/Take Apart, and a...Ch. 3.1 - Write a Take From, a Put Together/Take Apart, and...Ch. 3.1 - Write an Add To problem that can be solved by...Ch. 3.2 - Many teachers have a collection of small cubes...Ch. 3.2 - Discuss the difference between the commutative...
Ch. 3.2 - Figure 3.13 indicates a make-a-ten method for...Ch. 3.2 - Tomaslav has learned the following facts well: All...Ch. 3.2 - Give an example of an arithmetic problem that can...Ch. 3.2 - Give an example of an arithmetic problem that can...Ch. 3.2 - Describe a way to calculate 304-81 mentally, by...Ch. 3.2 - To calculate 15973, a student writes the following...Ch. 3.2 - To calculate 20188, a student writes the following...Ch. 3.2 - David and Ashley want to calculate 8.272.98 by...Ch. 3.2 - Tylishia says that she can calculate 324197 by...Ch. 3.2 - *Is there an associative property of subtracting?...Ch. 3.2 - *Is there a commutative property of subtraction?...Ch. 3.3 - Refer to Class Activity 3l, Adding and Subtracting...Ch. 3.3 - Describe how to use bundled things to explain...Ch. 3.3 - Describe how to use bundled things to explain...Ch. 3.3 - Allie solves the subtraction problem 3049 as...Ch. 3.3 - Zachary added 3.4+2.7 and got the answer 5.11. How...Ch. 3.3 - To solve 512146, a student writes the following:...Ch. 3.3 - Problem: Matteo is 4 feet 3 inches tall. Nico is 3...Ch. 3.3 - Problem: A container holds 2 quarts and 4 fluid...Ch. 3.3 - On a space shuttle mission, a certain experiment...Ch. 3.3 - We can write dates and times in a sort of expanded...Ch. 3.3 - Erin wants to figure out how much time elapsed...Ch. 3.3 - The standard subtraction algorithm described in...Ch. 3.3 - The standard subtraction algorithm described in...Ch. 3.3 - Here’s how Mo solved the subtraction problem...Ch. 3.3 - *After you solve part (b) of this problem, think...Ch. 3.4 - Using the example 27+37, explain why we add...Ch. 3.4 - Using the example 23+34, explain why we add...Ch. 3.4 - Using the example 356, describe the procedure for...Ch. 3.4 - Use two number lines, one labeled with (fractions...Ch. 3.4 - For each of the following decimals, show how to...Ch. 3.4 - Show how to calculate the sum 25+0.25 and show how...Ch. 3.4 - Show how to calculate 538+123 in two different...Ch. 3.4 - Show how to calculate 423+134 in two different...Ch. 3.4 - Find two different positive fractions whose sum is...Ch. 3.4 - John says 23+33=46 and uses the drawing in Figure...Ch. 3.4 - Denise says that 2312=13 and gives the reasoning...Ch. 3.4 - Arnold says that 223=45, and he uses the drawing...Ch. 3.4 - Can the following problems about voters be solved...Ch. 3.4 - Can the following problems about a bird feeder be...Ch. 3.4 - Can the following problems about Sarah’s bead...Ch. 3.4 - Can the following problem about Jim’s medicine be...Ch. 3.4 - a. Write and solve a word problem for 34+23. b....Ch. 3.4 - a. Write and solve a word problem for 212+113. b....Ch. 3.4 - a. Write and solve a Compare problem that can be...Ch. 3.4 - a. Write and solve a Put Together/Take Apart...Ch. 3.4 - For each square in Figure 3.33, determine the...Ch. 3.4 - For each square in Figure 3.34, determine the...Ch. 3.4 - Broad Street divides Popperville into an east side...Ch. 3.4 - Anklescratch County and Kneebend County are two...Ch. 3.4 - There are two elementary schools in the town of...Ch. 3.4 - Suppose you start with a fraction and you add 1 to...Ch. 3.4 - *In the first part of the season, the Bluejays...Ch. 3.5 - Write an Add To problem that fits naturally with...Ch. 3.5 - Write a Compare problem that fits with the...Ch. 3.5 - a. Show how to use a number line to calculate...Ch. 3.5 - For each of these four expressions,...
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