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Introduction to Arbitrage-Free Pricing: Fundamental Theorems
Arbitrage-free price Inputs: 1 Financial model (collection of all traded securities) 2 A non-traded security Arbitrage strategy (intuitive de nition): 1 start with zero capital (nothing) 2 end with positive and non zero wealth (something) Assumption The nancial model is arbitrage free De nition An amount p is called an arbitrage-free price if |
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Covered and Uncovered Interest Arbitrage
The no-arbitrage condition as represented by (2 8) can be represented diagrammatically by a 45° line passing through the origin as shown in Figure 2 3 Any point off the no-arbitrage line represents a profitable arbitrage opera-tion by going short onxand long onyor vice versa depending on whether the point is above or below the line |
Find Data That Helps Compute Results Quickly
i-Handbook™, an electronic version of the Field Data Handbook, displays data that helps compute results fast. This eliminates the time-consuming and error-prone practice of first assimilating data and obtaining results using a separate calculator. The i-Handbook was designed with three objectives: 1. retain the book format of the Field Data Handboo
An Advanced Resource
An interactive wellbore diagram lets you build a graphical view of the wellbore with drag-and-drop data from the tubular tables. You can define various flow paths in the well. The volumes of defined sections are calculated automatically and displayed on the diagram. slb.com
Quick and Accurate
Tubing and casing data tables can be expanded so you can see additional physical properties. You can send data entered in any calculator or a particular wellbore to your team. Correct information is exchanged fast. slb.com
Interactive Design Saves Time
A thorough understanding of the treatment and the effects of recommended wellbore actions is communicated through visual, sometimes animated, schematics. You can prepare diagrams illustrating the various combinations of pipe strings. This lets you create realistic, multiple design options in one session. slb.com
More Data
New information is included in sections on pipe, tubing, casing, tanks, volume, fracturing, cement, and acid/oil/brines. slb.com
:max_bytes(150000):strip_icc()/entrepreneur-1340649_1920-8988014d49d24147a56eea20433cf3fc.jpg "The Rules - European Court of Arbitration")
