Introductory Combinatorics
5th Edition
ISBN: 9780134689616
Author: Brualdi, Richard A.
Publisher: Pearson,
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Chapter 7, Problem 46E
To determine
To solve: The nonhomogeneous recurrence relation is
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This problem is based on the fundamental option pricing formula for the continuous-time
model developed in class, namely the value at time 0 of an option with maturity T and
payoff F is given by:
We consider the two options below:
Fo=
-rT
= e
Eq[F].
1
A. An option with which you must buy a share of stock at expiration T = 1 for strike
price K = So.
B. An option with which you must buy a share of stock at expiration T = 1 for strike
price K given by
T
K =
T
St dt.
(Note that both options can have negative payoffs.) We use the continuous-time Black-
Scholes model to price these options. Assume that the interest rate on the money market
is r.
(a) Using the fundamental option pricing formula, find the price of option A. (Hint:
use the martingale properties developed in the lectures for the stock price process
in order to calculate the expectations.)
(b) Using the fundamental option pricing formula, find the price of option B.
(c) Assuming the interest rate is very small (r ~0), use Taylor…
Question 1. Prove that the function f(x) = 2; f: (2,3] → R, is not uniformly
continuous on (2,3].
Calculus III
May I please have the example, definition semicolons, and all blanks completed and solved?
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Chapter 7 Solutions
Introductory Combinatorics
Ch. 7 - Prob. 1ECh. 7 - Prove that the nth Fibonacci number fn is the...Ch. 7 - Prove the following about the Fibonacci...Ch. 7 - 4. Prove that the Fibonacci sequence is the...Ch. 7 - By examining the Fibonacci sequence, make a...Ch. 7 - * Let m and n be positive integers. Prove that if...Ch. 7 - * Let m and n be positive integers whose greatest...Ch. 7 - Consider a 1-by-n chessboard. Suppose we color...Ch. 7 - Prob. 9ECh. 7 - Prob. 10E
Ch. 7 - Prob. 11ECh. 7 - Prob. 12ECh. 7 - 13. Determine the generating function for each of...Ch. 7 - 14. Let S be the multiset {∞ · e1, ∞ · e2, ∞ · e3,...Ch. 7 - 15. Determine the generating function for the...Ch. 7 - 16. Formulate a combinatorial problem for which...Ch. 7 - 17. Determine the generating function for the...Ch. 7 - 18. Determine the generating function for the...Ch. 7 - 19. Let h0, h1, h2, …, hn, … be the sequence...Ch. 7 - Prob. 20ECh. 7 - 21. * Let hn denote the number of regions into...Ch. 7 - 22. Determine the exponential generating function...Ch. 7 - 23. Let α be a real number. Let the sequence h0,...Ch. 7 - 24. Let S be the multiset {∞ · e1, ∞ · e2, · , ∞ ·...Ch. 7 - 25. Let hn denote the number of ways to color the...Ch. 7 - Determine the number of ways to color the squares...Ch. 7 - Determine the number of n-digit numbers with all...Ch. 7 - Determine the number of n-digit numbers with all...Ch. 7 - We have used exponential generating functions to...Ch. 7 - Prob. 30ECh. 7 - Solve the recurrence relation hn = 4hn−2, (n ≥ 2)...Ch. 7 - Prob. 32ECh. 7 - Solve the recurrence relation hn = hn−1 + 9hn−2 −...Ch. 7 - Solve the recurrence relation hn = 8hn−1 − 16hn−2,...Ch. 7 - Solve the recurrence relation hn = 3hn − 2 − 2hn −...Ch. 7 - Prob. 36ECh. 7 - Determine a recurrence relation for the number an...Ch. 7 - Prob. 38ECh. 7 - Let hn denote the number of ways to perfectly...Ch. 7 - Let an equal the number of ternary strings of...Ch. 7 - * Let 2n equally spaced points be chosen on a...Ch. 7 - Solve the nonhomogeneous recurrence relation
Ch. 7 - Solve the nonhomogeneous recurrence relation
hn =...Ch. 7 - Solve the nonhomogeneous recurrence relation
Ch. 7 - Prob. 45ECh. 7 - Solve the nonhomogeneous recurrence relation
Ch. 7 - Solve the nonhomogeneous recurrence relation
Ch. 7 - Solve the following recurrence relations by using...Ch. 7 - (q-binomial theorem) Prove that
where
is the...Ch. 7 - Call a subset S of the integers {1, 2, …, n}...Ch. 7 - Solve the recurrence relation
from Section 7.6...Ch. 7 - Prob. 52ECh. 7 - Suppose you deposit $500 in a bank account that...
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- A company estimates that the revenue (in dollars) from the sale of x doghouses is given by R(x) = 12,000 In (0.02x+1). Use the differential to approximate the change in revenue from the sale of one more doghouse if 80 doghouses have already been sold. The revenue will increase by $ if one more doghouse is made. (Round to the nearest cent as needed.)arrow_forwardThe population of bacteria (in millions) in a certain culture x hours after an experimental 20x nutrient is introduced into the culture is P(x) = - 2 Use the differential to approximate the changes in population for the following changes in x. 8+x a. 1 to 1.5 b. 3 to 3.25 a. Use the differential to approximate the change in population for x=1 to 1.5. Between 1 and 1.5 hours, the population of bacteria changes by million. (Round to three decimal places as needed.)arrow_forwardThe demand for grass seed (in thousands of pounds) at price p dollars is given by the following function. D(p) 3p³-2p² + 1460 Use the differential to approximate the changes in demand for the following changes in p. a. $4 to $4.11 b. $6 to $6.19arrow_forward
- Let the region R be the area enclosed by the function f(x) = 3 ln (x) and g(x) = 3 x + 1. Write an integral in terms of x and also an integral in terms of y that would represent the area of the region R. If necessary, round limit values to the nearest thousandth. Answer Attempt 1 out of 2 y 7 10 6 5 4 3 2 -1 2 3 4 5 6 x2 dx x1 = x2 = x1 Y1 = Y2 = Y1 dyarrow_forwardA manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C = 0.3x² + 7,000. How fast is the cost per month changing when production is changing at the rate of 14 units per month and the production level is 80 units? Costs are increasing at the rate of $ (Round to the nearest dollar as needed.) per month at this production level.arrow_forwarddy Assume x and y are functions of t. Evaluate for 2xy -3x+2y³ = - 72, with the conditions dt dx dt = -8, x=2, y = -3. dy dt (Type an exact answer in simplified form.)arrow_forward
- Discuss and explain in the picturearrow_forwardConsider the cones K = = {(x1, x2, x3) | € R³ : X3 ≥√√√2x² + 3x² M = = {(21,22,23) (x1, x2, x3) Є R³: x3 > + 2 3 Prove that M = K*. Hint: Adapt the proof from the lecture notes for finding the dual of the Lorentz cone. Alternatively, prove the formula (AL)* = (AT)-¹L*, for any cone LC R³ and any 3 × 3 nonsingular matrix A with real entries, where AL = {Ax = R³ : x € L}, and apply it to the 3-dimensional Lorentz cone with an appropriately chosen matrix A.arrow_forwardI am unable to solve part b.arrow_forward
- Consider the sequence below: 1 1 1 (a) Express this sequence as a recurrence relation (b) Express this sequence in the form {a}=1 (c) Does this sequence converge or diverge? Justify your answer. Consider the sequence below: 1 1 1 1, 4' 9' 16' (a) Express this sequence in the form {ak}=1 (b) Does this sequence converge or diverge? Justify your answer. Consider the sequence below: 345 2. 4' 9' 16' ·} (a) Express this sequence in the form {a}1 (b) Does this sequence converge or diverge? Justify your answer.arrow_forwardLet M = M₁U M₂ UM3 and K M₁ = {(x1, x2) ER²: 2 ≤ x ≤ 8, 2≤ x ≤8}, M₂ = {(x1, x2)™ € R² : 4 ≤ x₁ ≤ 6, 0 ≤ x2 ≤ 10}, M3 = {(x1, x2) Є R²: 0 ≤ x₁ ≤ 10, 4≤ x ≤ 6}, ¯ = cone {(1, 2), (1,3)†} ≤ R². (a) Determine the set E(M,K) of efficient points of M with respect to K. (b) Determine the set P(M, K) of properly efficient points of M with respect to K.arrow_forward5.17 An aluminum curtain wall panel 12 feet high is attached to large concrete columns (top and bottom) when the temperature is 65°F. No provision is made for differen- tial thermal movement vertically. Because of insulation between them, the sun heats up the wall panel to 120°F but the column to only 80°F. Determine the consequent compressive stress in the curtain wall. CONCRETE COLUMNS CONNECTIONS Stress= ALUMINUM WALL PANEL 12'-0"arrow_forward
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