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NEW QUESTION: 1
Continuously compounded returns for an asset that increases in price from S1 to S2 over time period t (assuming no dividends or other distributions) are given by:
A. ln(S2/S1)
B. ln(S2/S1 - 1)
C. exp(S2/S1 - 1)*t
D. (S2 - S1) / S1
Answer: A
Explanation:
Explanation
Choice 'd' is the correct answer. Continuously compounded returns are given by the log of S2/S1. The expression (S2 - S1)/S1 gives discrete returns, not continuously compounded returns.
Note that the question is only asking for the return over the given time period, not annualized returns. So t is not relevant here. If we had to find annualized returns, and t were expressed in years, then the annualized return would have been (1/t)*ln(S2/S1).
Also refer to the tutorial on interest rates and compounding for more information on continuously compounded rates.
NEW QUESTION: 2
With the proliferation of electronic technologies in the latter part of the twentieth century, many aspects of cultural practice have been redefined. The eradication of physical boundaries that limit discourse and information access has had profound effects upon the manner in which we conduct democracy. Yet, opinions strongly differ over whether or not the growth of electronic networks will result in expanded democracy. On one side of the debate are anti-utopians who fear that with the intrusion of the Internet into many facets of life, personal freedom will be impeded and the existing rift between the "haves" and "have- nots" in society will grow. On the other side, many 'cyber-utopians' believe that new technologies can eliminate the democracy of elected representatives with which so many people are dissatisfied. The Internet, they say, will allow for a true participatory democracy in which citizens can govern themselves without the interference of bureaucrats and legislators.
Neither of these theories by themselves can fully address the role of democracy in the age of information.
As debates about censorship and encryption have shown, government regulation of the Internet can result in violations of the basic rights of speech set forth in the constitution of the United States. Yet, groups that preach 'Big Brother' theories of paranoia tend to neglect the fact that new technologies can help balance the injustices of traditional power found in a centralized government. At the same time, the likelihood of doing away with the present system of democracy in favor of complete and pure self-governance seems impossible and likely undesirable.
Both arguments about the future of the way in which discourse will occur highlight the inherent relationship between communication and democracy. Perhaps a more useful model for the study of this dynamic can be found in the model of the public sphere proposed by Jorgen Habermas. In this realm, free and diverse equals come together to deliberate and discuss pertinent issues without the impediment of external coercion. The ensuing dialogue transpires in a profoundly democratic forum. The dispensing of traditional hierarchies that occurs on the Internet appears to make possible the type of categories necessary for Habermas 'ideal speech situation to occur.
However, postmodern critics indicate that the autonomous individual no longer exists in a world where our identities are constructed as much for us as by us. And indeed, much of the postmodern notion of self seems to fit closely with reconfigurations of the subject brought on by electronic technologies. The question that arises then is how might the reconfiguration of communication enabled by the Internet work to create a new form of cyber-democracy' that better represents citizen's interests?
According to the passage, the 'cyber-utopians' mentioned in the passage would most likely be in favor of which of the following innovations?
A. very new legislation would be voted by every registered voter on the Internet
B. Discourse in legislative assemblies would be broadcast over the Internet
C. New technologies would gradually replace all forms of democracy
D. Government would increase the regulation of the Internet to include a curtailing of politically biased messages
E. Government would decrease the regulation of the Internet including regulation of politically biased messages
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The best answer is A.
According to the passage, 'cyber-utopians' believe that through using the Internet, there could be a true participatory democracy, meaning that all citizens, not just elected representatives could make legislative decisions.
NEW QUESTION: 3
Refer to the exhibit. Which statement describes the result if a switch that is running PVST+ is added to this network?
A. Both switches operate in the PVST+ mode
B. Both switches operate in the Rapid PVST+ mode
C. Spanning tree is disabled attomatically on the network
D. Spanning tree contines to operate in Rapid PVST+ on DSW2 and the new switch operates in PVST+
Answer: D
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