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Arbitrage-free price refers to the price at which no price arbitrage is possible. The idea of using multiple discount rates obtained from zero-coupon bonds and discounting a similar bond's cash flow to find its price is derived from the yield curve, which is a curve of the yields of the same bond with different maturities.
E-commerce (electronic commerce) is the activity of electronically buying or selling products on online services or over the Internet.E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Shellsort, also known as Shell sort or Shell's method, is an in-place comparison sort. It can be seen as either a generalization of sorting by exchange ( bubble sort) or sorting by insertion ( insertion sort ). [3] The method starts by sorting pairs of elements far apart from each other, then progressively reducing the gap between elements to ...
The cost of a TV licence increases by £10.50 from £159 to £169.50. The National Living Wage rises from £10.42 to £11.44 per hour, and is extended to workers over 21. 2 April Royal Mail stamp increases – 1st class standard stamp goes up by 10p to £1.35 and 2nd class standard increases by 10p to 85p. Other postage has increased too.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
The tax gap is the difference between the amount of tax legally owed and the amount actually collected by the government. The tax gap in 2006 was estimated to be $450 billion. The tax gap two years later in 2008 was estimated to be in the range of $450–$500 billion and unreported income was estimated to be approximately $2 trillion.
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