This paper provides extensions to existing procedures for representing one-factor no-arbitrage models of the short rate in the form of a tree. It allows a wide range of drift functions for the short rate to be used in conjunction with a wide range of volatility assumptions. It shows that, if the...

A market-leveraged stock unit (MSU) is a form of employee compensation in which the number of shares received on the vesting date depends on the stock price at that time. MSUs have been proposed as a way of overcoming some of the drawbacks of stock options and restricted stock units. In this...

Globalization has allowed construction companies to become part of the global economy. However, this economic survival is dependent on their ability to attain the levels of technology development, which can make them globally competitive. The UK Construction sector is a highly knowledge...

Difficult seasonal conditions during the last six years have placed many farms under significant financial pressure. Producers have been looking for enterprise changes which will quickly improve their profits. New breeds have increased the options available, but there is rarely any local...