What does Girsanov's theorem tell us about drift and Brownian motion?
What will be an ideal response?
If we add drift to Brownian motion we can alter the probability distribution so as to convert the Brownian motion plus drift into a Brownian motion which has no drift under the new distribution.
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Which of the following is true for accounting for a troubled debt restructuring by a modification of terms by the creditor?
A) ?Loss on restructuring is based on undiscounted repayment cash flows using the current market interest rate. B) ?Loss on restructuring is based on undiscounted repayment cash flows using the contractual interest rate. C) ?Loss on restructuring is based on present value of repayment cash flows using the current market interest rate. D) ?Loss on restructuring is based on present value of repayment cash flows using the contractual interest rate.
The t statistic is calculated by assuming that all of the following exists EXCEPT:
A) the variable is normally distributed. B) the mean is known. C) the population variance is estimated from the sample. D) the sample size is large. E) C and D
Operating expenses include cost of goods sold
Indicate whether the statement is true or false
What is the underlying premise of The United Nations 1948 Universal Declaration of Human Rights?
a. Wider protections of the rights of individuals of diverse backgrounds transcends national context b. Nations should limit their protections to those appropriate to their dominant culture c. Discrepancies between laws and common practices need to be documented and rationalized d. Religious rights and freedoms are the only fundamental rights that should be protected