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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Which type of vesting takes a phased-in approach over six years to employees ownership of their retirement benefits?
A. cliff vesting B. graded vesting C. delayed vesting D. shelf vesting
Which one of the following answers consists of systems all of which have been defined in this textbook as enterprise systems?
A) expert system, data mining, neural networks B) groupware, intranet, group support systems C) data warehousing, data mining, business intelligence systems D) intranet, customer relationship management, groupware