in addition to obtaining your Github account, is to write a short report about the purpose of version control and the adverse impact on software development if no version control is used. You should be sure to include all citations. APA style is the first choice for your written reports for this course. However, if you use another style that is ok as long as everything is appropriately cited and references are included. Your paper should be about 5 (five) pages long (double spaced, 12 point font, etc. consistent with APA style), not including references or figures.

 

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In an extension of the Merton model, a very highly geared company has two tiers of

debt, a senior debt and a junior debt. Both consist of zero coupon bonds payable in

three years time. The senior debt is paid before the junior debt.

Let F

t be the value of the company at time t, L1 the nominal of the senior debt and L2

the nominal of the junior debt.

(i) (a) State the value of the senior debt at maturity.

(b) Deduce the value of the junior debt at maturity

 

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In an experiment 7.220 g of silicon dioxide is reacted with 15.018 g of hydrogen fluoride gas according to the equation: SiO2+HF ===> SiF4+H2O 1. What is the limiting reactant? What mass of the other reactant is in exess? What mass of water is produced?

 

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In an exchange economy with two consumers and two goods, consumer A has utility function U(xA, yA) = (xA)^2yA, consumer B has utility function U(xB, yB) = xByB.

Let (¯xA, ¯yA) represent the endowment allocation of consumer A and (¯xB, ¯yB) represent the endowment allocation of consumer B.

The total endowment of each good is 10 units. That is, ¯xA + ¯xB = 10 and ¯yA + ¯yB = 10. Set y as a numeraire.

a) Derive the contract curve in terms of xA and yA . As ¯xA increases (without changing the total endowment of x), how does the contract curve change?

b) Given any price of x, for each consumer, derive the demand for good x as a function of the consumer’s endowment and the price of x.

That is, express xA as a function of ¯xA, ¯yA and Px , and xB as a function of ¯xB, ¯yB and Px.

c) Let Px* represent the equilibrium price of x. Express Px* as a function of ¯xA and ¯yA . (Hint: use the market clearing condition and the demand functions in the previous part.) As ¯xA increases, does the equilibrium price of x increase, decrease, or stay the same?

 

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In an essay, address the following:

• Is passage 1 an argument or an explanation?
• Is passage 2 an argument or an explanation?

Passage 1

Now the medical man who sees the patient only once a day or even only once or twice a week, cannot possibly tell this without the assistance of the patient himself, or of those who are in constant observation on the patient. The utmost the medical man can tell is whether the patient is weaker or stronger at this visit than he was at the last visit. I should therefore say that incomparably the most important office of the nurse, after she has taken care of the patient’s air, is to take care to observe the effect of his food, and report it to the medical attendant. (1860, Section VII, para.14)

Passage 2

To be “in charge” is certainly not only to carry out the proper measures yourself but to see that everyone else does so too; to see that no one either willfully or ignorantly thwarts or prevents such measures. It is neither to do everything yourself nor to appoint a number of people to each duty, but to ensure that each does that duty to which he is appointed. This is the meaning which must be attached to the word by (above all) those “in charge” of sick, whether of numbers or of individuals. (1860, Section III, para.25)

 

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