Part 1

You have taken a management position in Ocean Cuisines plc that just went public last year. The company’s restaurants specialize in seafood dishes. A concern you had was that the restaurant business is risky.

During your interview process, one of the benefits you heard was employee stock option. Upon signing your employment contract, you obtained options with a strike price of £65 for 10,000 shares of company stock.  As is fairly common, your stock options have a three-year vesting period and a 10-year expiration, meaning that you cannot exercise the options for a period of three years and you lose them if you leave before they vest. So your employee stock options are European for the first three years and American afterward. You cannot sell the option nor can you enter into any sort of hedging. Ocean Cuisines is currently trading at £40 per share, a slight increase from the initial offering price last year. You estimated that the annual average standard deviation for restaurant company stock is 20 percent. Since Ocean Cuisines is a new restaurant chain you decide to use a 25percent standard deviation in your calculations. You expect no dividends will be paid for the next 10 years. A three-year Treasury note currently has a yield of 3.4% and 10 year Treasury note has an yield of 6%.

1.     Suppose that in three years, company’s stock is trading at £55. At that time, should you keep the options or exercise immediately? What are some of the important determinants in making such a decision?  30marks

2.     You are trying to value your option. What minimum value would you assign? What is the maximum value you would assign?              10 marks

Total word count of part 1 – 500 words

Part 2

Managers regularly buy derivatives on currencies, interest rates and commodities to limit down side risk. In this context discuss the pros and cons of hedging airline fuel costs by the airline companies.                                                      

45 marks

Total word count of part 2 – 1250 words

Hi, I need help with essay on CIS 210 week 6 3: Input Controls. Paper must be at least 1250 words. Please, no plagiarized work!

Often times, the text fields allow single-line texts for systems requiring single lines of inputs, and multi-line text fields in case of systems requiring more than a single line of input.

Drop down lists are graphic control elements that allow end-users to select an individual value from a given list. When inactive, this type of list will display an individual value. If activated, the list drops down a set of values.

Human mistakes plus naivety forms part of the reasons behind data integrity errors that arise in applications (Shneiderman & Plaisant, 2010). Often times, the human mistakes are manifest during data collection. It is in this light that user interfaces are mostly equipped with the input controls in order to reduce data entry errors. Here to discuss are ways in which the absence of each of the aforementioned input controls can lead to data integrity errors.

Use of text fields is an input approach that captures details that are unique to end-users like mail address and credit card numbers. Any user who notices the absence of a text field in a system that requires more personalized information like credit card numbers and mail addresses is likely to get frustrated or spend a significant time trying to figure out any better way through which he/she could supply the personalized information. In either case, accuracy will be unlikely thus increasing the chances of errors in the integrity of the data supporting the application in question.

Absence of a CANCEL button on a user interface can limit the ability of the end-users to recover from mistakes that they could make while feeding information. Consequently, the back end database system can end up storing inaccurate data.

Values featured in drop down lists are in most cases defined as per the business rules that govern the database integrity checks. As such, their absence limits an applications ability to permit values within the business