Creighton - BIO - 212

Creighton - BIO - 212

Washington University in St. Louis - CSE - 332S

Why Debug a Program? When your program crashes Finding out where it crashed Examining program memory at that point When a bug occurs in your program Watching program variables Identifying where a problem occurs (and why) Tracing through a program's be

Washington University in St. Louis - CSE - 332S

Motivation for C+ ExceptionsVoid Number: operator/= (const double denom) cfw_ if (denom = 0.0) cfw_ / what to do here? m_value /= denom; Need to handle cases where program cannot behave normally E.g., zero denominator for divisionOtherwise bad things

Washington University in St. Louis - CSE - 332S

Intro to CSE 332 This semester continues a new approach to CSE 332 Studio more than lecture based (NSF CPATH project) Active guided exploration rather than passive absorption Key insight: different people learn in different ways Our goal is to make ma

Washington University in St. Louis - CSE - 332S

C+ Program Structure (and tools)Today we'll talk generally about C+ development (plus a few platform specifics) We'll develop, submit, and grade code in Windows It's also helpful to become familiar with Linux (grid.cec) For example, running code through

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session I on Design Patterns in C+Design patterns provide a vocabulary for identifying and describing both common design problems and known reusable approaches to solving them. In this studio you will be introduced to applying two relevant

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session II on Design Patterns in C+Design patterns provide a vocabulary for identifying and describing both common design problems and known reusable approaches to solving them. In this studio you will gain experience applying additional d

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session III on Design Patterns in C+Design patterns provide a vocabulary for identifying and describing both common design problems and known reusable approaches to solving them. In this studio you will gain experience applying additional

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session on C+ Development EnvironmentsThese studio exercises are intended to acquaint you with Visual C+ and with some basic programming concepts and techniques that are likely already familiar from your previous programming experience, an

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session on C+ Interface PolymorphismThese studio exercises are intended to introduce concepts and techniques for interface polymorphism using C+ templates, and to give you experience using them (along with introducing ideas like iterator r

Washington University in St. Louis - CSE - 332S

CSE 332 Studio Session on C+ TemplatesThese studio exercises are intended to introduce concepts and techniques for C+ templates, and to give you experience using them in the Visual C+ environment. In this studio you will again work in small groups, and a

Washington University in St. Louis - CSE - 332S

Introduction to Design Patterns This lecture will introduce the idea of design patterns What they are and how they are structured We'll talk about specific patterns several times this semester Today: Iterator and Factory Method After we've studied C+

Washington University in St. Louis - CSE - 332S

Review: Design Pattern Structure A design pattern has a name So when someone says "Adapter" you know what they mean So you can communicate design ideas as a "vocabulary" A design pattern describes the core of a solution to a recurring design problem S

Washington University in St. Louis - CSE - 332S

Review: Design Pattern Structure A design pattern has a name So when someone says "Adapter" you know what they mean So you can communicate design ideas as a "vocabulary" A design pattern describes the core of a solution to a recurring design problem S

Washington University in St. Louis - CSE - 332S

CSE 332 Midterm Review Goals for today's review Review and summary of material in course so far A chance to clarify and review key concepts/examples Discuss details about the midterm exam In class during the next class period (80 minutes) One 8.5"x11"

Washington University in St. Louis - CSE - 241

Supplement to A Practical Guide to Data Structures and Algorithms Using JavaPractice Problems Solutions for Homework Exercise 1Sally A. Goldman and Kenneth J. Goldman1. Here is a summary of the correct answers. T1 (n) a b c d e 25n ln n+5n1 2 2 n +n l

Washington University in St. Louis - CSE - 241

Not FoundThe requested URL /crc2007/homework/hw6-final practice.pdf was not found on this server.Apache/2.0.52 (CentOS) Server at goldman.cse.wustl.edu Port 80

MIT - 15 - 15.407

Time Value of Money Theory of Real Interest Rates Two-period 1 1 c0 u (c0 ) dc r= - 1 + - u (c0 ) c0 Multi-period rt = -t Term Structure Hypothesis Expectation Hypothesis Liquidity Preference Hypothesis u (c0 ) -1 E[u (ct )] 1Portfolio Theory Portfol

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Midterm Solution1. (a) False. If the cashflows are of different risk nature and timing, then you need to use the corresponding discount rate for each cashflow. (b) False. Normally, the value

MIT - 15 - 15.407

Introduction to FinanceAsset Valuation Arbitrage Pricing Assets having same payoffs must have same prices Fixed-Income securities, Common Stocks, Forwards, Futures etc. Equilibrium Pricing Determinants of fundamentals Expectation of cash flows, investor

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 1: Present ValueDue: September 23, 2003 1. (BM) A factory costs $800,000. You reckon that it will produce an inflow after operating costs of $170,000 a year for 10 years. The opp

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 1: Present ValueSolution 1. (a) The NPV of the project is10 t=1170, 000/(1 + 14%)t - 800, 000 = $86, 739.66(b) At the end of 5 years, there will be 5 more years of income from

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 2: Fixed-Income SecuritiesDue: September 30, 2003 1. Explain the terminology and the differences between (i) spot interest rate (ii) forward rate and (iii) yield to maturity. 2.

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 2: Fixed-Income SecuritiesDue: September 30, 2003 1. (i) Spot rate is the interest rate you get if you make a deposit today. (ii) Forward rate is the interest rate of a specified

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 3: Common StockDue: October 10, 2003 1. (BKM) Which of the following assumptions are(is) necessary to the constant-growth dividend discount model? Briefly explain. (a) Dividens g

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 3: Common StockSolution 1. (a) Yes. Dividend can only be constant or grow at constant rate. (b) Yes in the sense that you can only use the general formula if grow is indefinite.

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 4: Forward and FuturesDue: October 21, 2003 1. Explain the similarities and differences between forwards and futures contract on the same asset. You may want to consider (but not

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 4: Forward and FuturesDue: October 21, 2003 1. In terms of the contract, forwards and futures are very similar. Both of the require a transaction to be executed at a specified fu

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 5: OptionsNot due 1. You are given the following prices: Security JK stock Put on JK stock Call on JK Tbill (FV=100) Maturity (years) 1 1 1 Strike 80 80 Price ($) 94 5 ? 91(a) W

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 5: OptionsNot required to hand it 1. (a) Using the put-call parity, C = P + S - PV(K) = 5 + 94 - 80*.91 = 26.2 (b) He is wrong. The put-call parity relies on the no-arbitrage arg

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 6: Interest RatesDue: November 14, 2003 1. Sally Jameson: Valuing stock options in a compensation package Read the HBS case, "Sally Jameson: Valuing Stock Options in a Compensati

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 6: Interest RatesSolution 1. Sally Jameson should consider several issues when evaluating her compensation package: Sally should consider the probability of her leaving Telstar b

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 7: Portfolio ChoiceDue: November 25, 2003 1. (BKM) Which statement(s) about portfolio diversification is correct? (a) Proper diversification can reduce or eliminate systematic ri

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 7: Portfolio ChoiceSolution 1. (BKM) Which statement(s) about portfolio diversification is correct? (a) False. Systematic risk cannot be diversified. (b) False. Suppose you have

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 8: Portfolio ChoiceDue: December 2, 2003 1. (BKM) Are the following true or false? (a) Stocks with a beta of zero offer an expected rate of return of zero. (b) The CAPM implies t

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 8: Portfolio ChoiceSolution 1. (a) False. Stocks with zero beta offers the risk free rate. (b) False. Investors require a risk premium only for bearing systematic risk (undiversi

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 9: Capital budgetingDue: December 9, 2003 1. (BM) United Pigpen is considering a proposal to manufacture high-protein hog-feed. The project would make use of an existing warehous

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Problem Set 9: Capital budgetingDue: December 9, 2003 1. The NPV calculation is:$ thousands Sales Man. Costs Depreciation Rent Sale of Plant BV of Plant EBT Taxes Working Capital Cashflow I

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Recitation Notes 9/18/2003Things to cover today: Basic Concepts: 1. No arbitrage 2. Utility - Consumption choice 3. Risk Aversion PV: 1. Timing 2. Compounding 3. AnnuityDefinition of an Arb

MIT - 15 - 15.407

15.407 RecitationSeptember 25, 2003MIT Sloan School of ManagementThings to cover today:Fixed Income Concepts:1. Bonds2. Spot rates, Forward rates and YTM3. Duration and Convexity4. Market conventionsFixed Income: Very roughly, things that have a

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Examples Sept 25, 031. (20 points) The Wall Street Journal gives the following bond prices: (Each bond has a principle of $1,000.)Bond 1 2 3Maturity (years) 1 2 3Coupon rate (%) 0.00 2.00

MIT - 15 - 15.407

15.407 RecitationOctober 2, 2003MIT Sloan School of ManagementThings to cover today:Pricing Risky Cashflows:1. DDM2. Financial Ratios3. Examples4. Past Problem Sets (PS1 Q4, PS2 Q6)DDM: The idea of DDM is: Pt = Et[ t+1 t+1 ] 1+rt+1 Where rt+1 is

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Recitation Notes 10/2/20021. Company XYZ's year-end dividend will be $1. It will grow at 10% for 10 years and then slows down to 5% per year forever. The cost of capital for XYZ is 15%. What

MIT - 15 - 15.407

15.407 RecitationOctober 9, 2003MIT Sloan School of ManagementThings to cover today:Forwards and Futures:1. Questions about Equity pricing?2. Forwards and Futures - Market Convention3. Pricing4. HedgingDefinitions: Forwards: A commitment to purch

MIT - 15 - 15.407

15.407 RecitationOctober 16, 2003MIT Sloan School of ManagementThings to cover today:Basics of Options:1. Introducing Options2. AOBDefinitions: Options: The owner of an option has the right to buy (or sell) a specified asset on (or before) a given

MIT - 15 - 15.407

15.407 RecitationOctober 23, 2003MIT Sloan School of ManagementThings to cover today:Options:1. Price bounds for options2. American option and early exercise3. Factors affecting price of option4. Ways to price options5. Risk Neutral PricingPrice

MIT - 15 - 15.407

15.407 RecitationNovember 5, 2003MIT Sloan School of ManagementInterest rates and risks: Things to cover today:1. Theory of interest rates2. Risk and its measurementsCharacteristics of interest rates: (Nominal) positive Upward sloping in general Lo

MIT - 15 - 15.407

15.407 RecitationNovember 19, 2003MIT Sloan School of ManagementPortfolio Choice: Things to cover today:1. Risk and return of a portfolio2. Effects of diversification3. How to choose an optimal portfolio4. Problems of Portfolio ChoiceAlgebra revie

MIT - 15 - 15.407

E(r) VarStock 1 Stock 2 r_f 10% 8% 0.04 0.03 0.03 0.09 w_f -5 -4.5 -4 -3.5 -3 -2.5 -2 -1.5 -1 -0.5 0 0.5 1 1.5 2 2.5 3 3.5 4 4.385%Without r_f: Targe return w_1 w_2 20% 6 19.00% 5.5 18.00% 5 17.00% 4.5 16.00% 4 15.00% 3.5 14.00% 3 13.00% 2.5 12.00% 2 1

MIT - 15 - 15.407

15.407 RecitationDecember 4, 2003MIT Sloan School of ManagementCAPM, APT and Capital Budgeting: Things to cover today:1. Theory of CAPM2. Theory of APT3. Notes regarding Captial BudgetingCAPM: CAPM states that: E(Ri) - Rf = i(E(Rm) - Rf ) where i =

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2002Solution to Final ExamFall 20021. (a) False. Maximizing firm's market value is equivalent to investing in projects with positive and greatest NPV. NPV of projects with high expected returns

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2003Midterm 2002Answers to 1(d) and 1(f) 1(d): Uncertain: In terms of riskless bonds, higher yield to maturity means higher average returns. However for risky bonds that does not need to be true

MIT - 15 - 15.407

Name:M.I.T. ID# or S.S.#: 15.407 Midterm Exam Jiang Wang Fall 2002 The exam lasts 90 minutes. The exam consists of five questions. Please answer all of them. Credit for a question is exactly in proportion to the time allotted. Question Points/Minutes 1

MIT - 15 - 15.407

MIT Sloan School of ManagementJ. Wang E52-456 15.407 Fall 2002Solution to Midterm ExamOctober 29, 20021. (a) False. The shareholders do not need to agree with the value of the firm's assets for the market value of the firm to be maximized. The shareho

MIT - 15 - 15.407

Name:M.I.T. ID# or S.S.#:15.407 Final ExamJ. Wang Fall 2002 The exam lasts 180 minutes. The exam consists of 10 questions. Please answer all of them. Credit for each question is exactly proportional to the time allotted. 1 2 3 4 5 6 7 8 9 10 /40 /20 /

MIT - 15 - 15.407

Jiang Wang E52-456 wangj@mit.eduMIT Sloan School of Management 15.407 Course Syllabus Finance Theory(Current Draft: October 14, 2003)Finance Theory 15.407 Fall 2003Course DescriptionThe path-breaking advances in finance theory and pratice over the pa

MIT - 15 - 15.407

15.407 J. WangFinance Theory December 2, 2003 Bemus Investment Management (BIM)Bemus Investment Management has landed yet another client, Lorenzo Partners, one of the largest architectural and engineering design firms in upstate New York. You have been

MIT - 15 - 15.407

Chapter 1 Introduction to FinanceRoad Map Part A Introduction to finance.Financial decisions and principles of finance. Present value.Part B Valuation of assets, given discount rates. Part C Determination of discount rates. Part D Introduction to corp

MIT - 15 - 15.407

Chapter 2 Present ValueRoad Map Part A Introduction to finance. Financial markets and financial decisions. Present value.Part B Valuation of assets, given discount rates. Part C Determination of discount rates. Part D Introduction to corporate finance

MIT - 15 - 15.407

Chapter 3 Fixed Income SecuritiesRoad Map Part A Introduction to finance. Part B Valuation of assets given discount rates.Fixed-Income securities. Stocks. Forward and futures. OptionsPart C Determination of discount rates. Part D Introduction to corpo