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Excel maintains 15 figures in its numbers, but they are not always accurate; mathematically, the bottom line should be the same as the top line, in 'fp-math' the step '1 + 1/9000' leads to a rounding up as the first bit of the 14 bit tail '10111000110010' of the mantissa falling off the table when adding 1 is a '1', this up-rounding is not undone when subtracting the 1 again, since there is no ...
Exponential utility implies constant absolute risk aversion (CARA), with coefficient of absolute risk aversion equal to a constant: ″ ′ =. In the standard model of one risky asset and one risk-free asset, [1] [2] for example, this feature implies that the optimal holding of the risky asset is independent of the level of initial wealth; thus on the margin any additional wealth would be ...
Beneish M-score is a probabilistic model, so it cannot detect companies that manipulate their earnings with 100% accuracy. Financial institutions were excluded from the sample in Beneish paper when calculating M-score since these institutions make money through different routes.
Interest is the additional amount of money gained between the beginning and the end of a time period. Interest represents the time value of money, and can be thought of as rent that is required of a borrower in order to use money from a lender.
More than 800 people have lost their lives in jail since July 13, 2015 but few details are publicly released. Huffington Post is compiling a database of every person who died until July 13, 2016 to shed light on how they passed.
For US waters, the US Code of Federal Regulations require ships and their masters to calculate UKC based on the ship's deepest navigational draft. 33 CFR 157.450 The regulations require the master to discuss the UKC calculation with the maritime pilot as the ship approaches US ports/waters. 33 CFR 157.450
Get ready for winter baking with these recipes, featuring seasonal favorites like fruitcake and bûche de Noël, and classics like coffee cake and rum cake.
"Breakdance" is a song written by Giorgio Moroder, Bunny Hull, and the song's performer, Irene Cara. Moroder's obsession with the dance hit "Rockit" by Herbie Hancock fueled his composition of the music, and Cara was inspired by the street performers she saw growing up in the South Bronx to write lyrics about what was then called breakdancing.