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Evidence based estimates were the standard from the time of the Administration of George H.W. Bush through 2016. Of course Trump had to replace this practice with policy being made whatever he heard each morning on Fox and Friends. And we all know our Usual Suspects think evidence based clim...
This form of hedging against the interest rate risk of liability is known as complete immunization or cash flow matching in the asset-liability management practice. In the static optimization setting, there is a question whether complete immunization or some less stringent form of hedging is better...
Definitive certificates are physical security papers given to individual investors representing their respective ownership. Global certificates, on the other hand, are a single document representing the entire amount of a particular bond issuance, regardless of how many investors own the notes in that is...
Each segment was further polished on the labial (tangential) surface (Group 9 ~ 11). The sectioned enamel and labial surfaces were polished serially with 300-, 800-, and 1200-grit silicon-carbide papers by the grinding and polishing machine (260E Pol- ishing machine; WeiYi, Laizhou, ...
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In practice, though, the relative meaning of Moody's ratings is consistent enough that there is little difference between the two aggregation methods. More volatile rating systems, such as ratings derived from market-based information, can have substantial differences. When calculating the average of...