Examlex
Two water waves meet at the same point,one having a displacement above equilibrium of 60 cm and the other having a displacement above equilibrium of 80 cm.At this moment,what is the resulting displacement above equilibrium?
Delta
The number of stocks required to hedge against the price risk of writing one option. Also called the hedge ratio.
Underlying Asset
An asset upon which a derivative's price is based, ranging from commodities and currencies to stocks and bonds.
Call Price
The price at which a callable bond can be redeemed by the issuer before its maturity date, typically higher than the face value.
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