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This is 2×16×16 + 14×16 + 6 + 10/16 + 3/(16×16) =742.63671875 in Decimal Read below to find out why

So a single Hexadecimal digit can show 16 different values instead of the normal 10.

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Accreditation by a nationally recognized agency provides assurance that a school is established and recognized as a quality institution, has adequate facilities and equipment, maintains recognized and approved courses of study, and employs competent, qualified faculty. Northwest College is accredited by NACCAS (National Accrediting Commission of Career Arts & Sciences) and is licensed by HECC (Higher Education Coordinating Commission). Northwest College is a 2014 Modern Salon Excellence in Education Cosmetology School.

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In short, while in the Black–Scholes model one can perfectly hedge options by simply Delta hedging, in practice there are many other sources of risk.

The price of a call option on such a stock is again

Nevertheless, Black–Scholes pricing is widely used in practice, 3 :751 30 because it is:

The Black–Scholes formula calculates the price of European put and call options. This price is consistent with the Black–Scholes equation as above; this follows since the formula can be obtained by solving the equation for the corresponding terminal and boundary conditions.

In case of a digital put (this is a put FOR/call DOM) paying out one unit of the domestic currency we get as present value,

The price of a corresponding put option based on put-call parity is:

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In the vacuum of space particle and antiparticles are continuously created and annihilated randomly. Usually these are just classed as virtual particles as they don’t really interact with anything and can’t usually be detected or measured. But if a virtual particle pair are created outside of the event horizon then it’s possible that one of them falls into the black hole before they can annihilate. The particle that is left can then fly off into space as a real particle.

The way we see the person falling in is through photons (particles of light) being reflected off them and into our eye. As they get closer to the black hole the photons get slower and slower due to the increase of gravitational force, so they take longer to reach to reach the observer.

where we have the speed of light (), Plancks constant (), Gravitational Constant (), Boltzmanns constant () and the mass of the black hole (). Notice that this equation contains both and , this indicates that black hole temperature is a ‘quantum-gravitational’ effect.

When the force of gravity from a star becomes bigger than the outwards pressure caused by its temperature then the force starts to make the star collapse, pulling all its mass inwards to a central point. This point gets smaller and smaller and denser and denser as all of the stars mass is squashed into a tiny point.

This radius is known as the Schwarzschild radius, after physicist Karl Schwarzschild who discovered it in 1916

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This can be a little hard to conceptualize without taking some calculus so rather than try to rationalize it with something that makes intuitive sense the easiest thing is to look at the equations...

I am confused about 'volatility is low' part. When volatility is high, it seems intuitively that the underlying will jump around, hence the delta will also jump around quite a bit, maybe going from +ve to -ve and vice versa very quickly.

σ is volatility. Since it's a part of the denominator, when it increases, gamma decreases, and vice-versa. So, basically as volatility increases, delta isn't going to change as fast, and when volatility is low, delta is going to change faster. This is just the natural result of the Black-Scholes equation itself.

It does make sense if you think about it: if the price tends to change a lot and rapidly, you shouldn't expect the value to change the way it follows the price much: the volatility will already be 'priced in' so for any marginal change in price you shouldn't expect delta to change that much. However, if the price doesn't move much, a single move in price could signal a lot more, and so it makes sense that delta in that case would be more sensitive to price movements.

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