What does vega measure?
A. The rate of change of delta with the asset price
B. The rate of change of the portfolio value with the passage of time
C. The sensitivity of a portfolio value to interest rate changes
D. None of the above
D
Vega measures the rate of change of the value of the portfolio value with volatility.
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a. kaizen costing. b. value engineering. c. kanban implementation. d. all of the above.
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Fill in the blank(s) with the appropriate word(s).
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A) technology. B) interest rates. C) financial markets. D) credit conditions.