Wednesday, October 2, 2019
princess margret :: essays research papers
British princess. Born August 21, 1930, at Glamis Castle in Scotland, as the second daughter of King George VI of the United Kingdom (who ruled from 1937 to his death in 1952) and sister of Queen Elizabeth II (1952--). In the early 1950s, the romance between Margaretââ¬âthen third in line to the throne after her sisterââ¬â¢s two children, Charles and Anneââ¬âand Group Captain Peter Townsend, a highly decorated World War II fighter pilot and recent divorcà ©, caused quite a scandal both within and outside of the British royal family. As the Church of England does not remarry divorcà ©sââ¬âa fact made all too memorable to the Windsor family by the abdication of Margaretââ¬â¢s uncle, Edward VIII, in 1936ââ¬âMargaret was told she could marry Townsend only if she gave up her claim to the throne and her royal income and if she would live abroad for five years. In a speech broadcast to the nation in October 1955, Margaret publicly renounced her relationship with Townsend, who later married Marie-Luce Jamagne, whom he met while serving as Air Attachà © to Brussels. Townsend saw the princess only twice more, once in 1958 and again in 1993, when he was invited to the Royal Palace. He died in 1995. Seen as the ââ¬Å"black sheepâ⬠of the royal family, Margaret subsequently entered into a tumultuous 18-year marriage to another commoner, the photographer Antony Armstrong-Jones (who became Earl of Snowdon). The two married in 1960 and had two children, David (Viscount Linley) and Sarah. Though both Margaret and her husband were unfaithful during their marriage, the royal family resisted the idea of a separation as far too scandalous. Finally, after tabloid photographs surfaced showing Margaret with her latest flame, Roddy Llewellyn, Snowdonââ¬â¢s request for a divorce was granted; he remarried five months later. Margaret continued her relationship with Llewellynââ¬âa gardener and aspiring pop singer 17 years her juniorââ¬âfor seven years, frequently defending his often reckless behavior. As the turmoil surrounding her private life subsided, Margaret continued to make public appearances for the Girl Guides Associationââ¬âshe now serves as president and chairman of the organizationââ¬âand numerous other charities. princess margret :: essays research papers British princess. Born August 21, 1930, at Glamis Castle in Scotland, as the second daughter of King George VI of the United Kingdom (who ruled from 1937 to his death in 1952) and sister of Queen Elizabeth II (1952--). In the early 1950s, the romance between Margaretââ¬âthen third in line to the throne after her sisterââ¬â¢s two children, Charles and Anneââ¬âand Group Captain Peter Townsend, a highly decorated World War II fighter pilot and recent divorcà ©, caused quite a scandal both within and outside of the British royal family. As the Church of England does not remarry divorcà ©sââ¬âa fact made all too memorable to the Windsor family by the abdication of Margaretââ¬â¢s uncle, Edward VIII, in 1936ââ¬âMargaret was told she could marry Townsend only if she gave up her claim to the throne and her royal income and if she would live abroad for five years. In a speech broadcast to the nation in October 1955, Margaret publicly renounced her relationship with Townsend, who later married Marie-Luce Jamagne, whom he met while serving as Air Attachà © to Brussels. Townsend saw the princess only twice more, once in 1958 and again in 1993, when he was invited to the Royal Palace. He died in 1995. Seen as the ââ¬Å"black sheepâ⬠of the royal family, Margaret subsequently entered into a tumultuous 18-year marriage to another commoner, the photographer Antony Armstrong-Jones (who became Earl of Snowdon). The two married in 1960 and had two children, David (Viscount Linley) and Sarah. Though both Margaret and her husband were unfaithful during their marriage, the royal family resisted the idea of a separation as far too scandalous. Finally, after tabloid photographs surfaced showing Margaret with her latest flame, Roddy Llewellyn, Snowdonââ¬â¢s request for a divorce was granted; he remarried five months later. Margaret continued her relationship with Llewellynââ¬âa gardener and aspiring pop singer 17 years her juniorââ¬âfor seven years, frequently defending his often reckless behavior. As the turmoil surrounding her private life subsided, Margaret continued to make public appearances for the Girl Guides Associationââ¬âshe now serves as president and chairman of the organizationââ¬âand numerous other charities.
A Compareison Between When The Legends Die And Dances With Wolves :: essays research papers
à à à à à Symbolism à à à à à In the novel When the Legends Die and in the film Dances with Wolves symbolism is very important. Throughout both of them the used symbols are very similar but have very different meanings. In the movie, Dances with Wolves the wolf, Two Socks, and the horse, Cisco, are animal symbols, like the bear in When the Legends Die. à à à à à Two Socks and Cisco are the main two symbols in Dances with Wolves. Two Socks, is the wolf that befriends John Dunbar symbolizing the Sioux Indians who start trying to also befriend John. Then, when he takes the meat from Johnââ¬â¢s hand the wolf continues to symbolize the tribe, that will now accept John to come and be one of them. After, when Two Socks is shot by soldiers it symbolizes the fate of the Indians, later to come. Cisco, John Dunbarââ¬â¢s favorite horse is a symbol of Johnââ¬â¢s faithfulness to the Sioux Indian tribe, although they have tried to take the horse away many times he has always found a way to return to his master. Later in the story, when John is being shot at by the army the horse finds a way to make those shots hit him instead of John and separates from John in death, symbolizes that John will have to leave the Indians, to protect them. à à à à à In When the Legends Die the Bear cub who grows up with bears brother is a symbol, of hope, love, meaning, direction, and most importantly the heritage of Tom Black Bull. The bear symbolizes the Tomââ¬â¢s heritage because he came around just as Tom, started learning the old ways, his heritage, and he was separated from Tom when he, Tom, went to the new ways of life. In the new ways of life Tomââ¬â¢s difficulty is that he cannot find a place to run from his past. Then, he realizes that bear symbolizes his past, so Tom sets out to kill it. As Tom reaches the bear he pulls out the rifle and prepares to shoot the bear, but than he realizes that the bear not only symbolizes his past but all the good in his life because that is where he had the life in the old ways and was the happiest time in his life.
Tuesday, October 1, 2019
Money and Power Social Stratification Essay
Additionally, Max Weber expanded the idea of Mar's classic theory. He stated that people have free will, ability to make choices about something. People in effect can have an insight into what someone else is going through, the ability to relate to each other dimensions of power. The more you know, you have the power to insight. The people have power with access to skills, knowledge, and labor. William Domingo and C. Right Mills have gathered a contemporary theory, the power elite theory which is distributed power. Power elite theorist C. Right Mills stated that the rich people are all related.They control the economy, politics, government, media, criminal justice system laws, cultural capital, and etc. He summarized that they are a group of people who control everything. The wealthiest 1 percent own 33 percent of the Nation's wealth. Those who control have power and so they maintained that power by establishing methods of control. William Domingo theory explains that the power elite maintain their power by sharing a perfect set of coordinated interests. They are such things as vacationing at a similarly destinations, joining elite clubs, tending select schools, and socializing within the same group. Art 2: 2. ) social Class Scientific research analyzes that most people who are in the same class have the same access to the things that are valued in our society. Such valuable things are money, power, good neighborhood and schools. They also live in a similar way such as their lifestyles. People that work in a higher level tend to place themselves as middle class. Social class are break down into two groups: White collar and blue collar/pink collar. The white collar are required to have at least a bachelor degree and they are identified as the middle class.The blue or pink collar are the working class who are pay less than white collar. Their jobs required less education. Gender and race was also ranked in social class. As for gender, a male and for race, a white person would help to be in higher social class. More women were in poverty than men due to the fact that men were the head. There are four approaches to determining social class. The first one is objective method which is the use of a multidimensional numerical (statistical) measure. The second way is called self-placement, the individuals appraise their own class according to questioners categories.The third way is reputation method which individuals appraise others' class according to questioners categories. The fourth way is combined method, Coleman and Rainwater: People who have really made it, people who are doing really well, people who have achieved the middle-class dream, people who have a comfortable life, people who are just getting by, and people who are having a difficult time. Social Stratification still occurs today because it is useful for individuals and groups such as people who have power have the ability to control others who are powerless. 2. ) Social class (p. 126-127)
Monday, September 30, 2019
Psychological Effects of Bisexuality
What is bisexuality? Synthesizing the predominant theories of bisexuality, Smiley (1997) suggested the following definition: Bisexuality is a sexual orientation in which an individual: experiences a combination of sexual and affectional attractions to members of both sexes; engages to varying degrees in sexual activities with both sexes; and self-identifies as bisexual in a way that is consonant with personal, social, political, and lifestyle preferences (Smiley, 375). Bisexual and the transgender people are two less visible segments of the lesbian, gay, bisexual, and transgender community. According to the authoritative Kinsey Report, which compiles data on human sexuality, almost eight in 10 people have some characteristics of bisexuality, wherein an individual feels attracted to both sexes (Klien, 13). However, bisexuals have to confront not just the homophobia of the straight community, which brands them as promiscuous, even though most are in strictly monogamous relationships, they also face derision from the gay community, which considers them closet gays, hiding behind the veneer of bisexuality because they are afraid to come out. Not surprisingly, therefore, that a recent study by the Australian National University found that bisexuals ââ¬Å"had the worst mental health on measures of anxiety, depression and suicidality (Hall, 28). Tommy (name changed) Hogan, who came to Los Angeles, California nearly two years ago for graduate studies in Health Administration and works for Watts Health Foundation, says in adolescence he found himself being attracted to both boys and girls. In the gender-segregated society we lived in, opportunities for `fooling around' were much more readily available with peers of the same sex. I thought everyone in my circle was like me. So when I came to the Los Angeles it was very surprising to find that there were some individuals who were not attracted to men and others who were not attracted to womenâ⬠(T. Hogan, personal communication, October 26, 2002). He wouldn't say he was gay. He would only say that he was sleeping with other men. He liked to call it ââ¬Å"M-S-M,â⬠men sleeping with men, you know, Brothers on the down low. I called it being a bisexual. The first thing that Tommy made clear to me is that bisexuality does not describe one sort of behavior, but rather a whole range of behaviors and lifestyles. Talking openly about sexual orientation within as private a community as the African American community is something that is not often done. Tommy revealed his disappointment at the communityââ¬â¢s lack of acceptance of non-traditional lifestyles. According to a generally agreed upon definition, it isn't necessary for a person to be equally attracted to men and women and to be involved in multiple relationships, to be bisexual. In fact, a person can be celibate and still be bisexual. It's all a matter of whom he or she finds attractive and how he or she identifies himself or herself. There is no behavioral ââ¬Å"testâ⬠to determine whether or not one is bisexual. Bisexuals come in all shapes and sizes, from all occupations, and with all levels of educational, racial and cultural background. When Tommy told his father of his attraction to both men and women, his father simply said that though these desires were natural and most people had them, eventually he expects Tommy to get married and have a family. ââ¬Å"Even though his message was that it was preferable to get married to a woman, I was struck by his statement that same-sex feelings were natural, and by the fact that he didn't put same-sex desire down by calling it a perversion or sinâ⬠(T. Hogan, personal communication, October 26, 2002). Hogan says, ââ¬Å"People have this misconception that bisexuals are promiscuous. I have been in strictly monogamous relationships and most of us are perfectly content with that. If people have made up their mind something is abnormal they can come up with as many reasons as to why it is so, and if there are people who think otherwise, they too can come up with a variety of reasons to prove their point. Why can't we approach this from a humanistic viewpoint that people have the right to love whomsoever they want to, as long as it is consensual? Tommy is very content with the bisexual lifestyle he is living. He seems to not know whether or not he will always be this way. I got a sense from our interview that he wasnââ¬â¢t happy being this way. He begin the express the importance of how being very religious he could not live this type of lifestyle. I would have to agree that the Bible does speak against any type of homosexual behavior. Tommy and I have discussed this issue on more t han one occasion. He seems to be confused as to what he really wants. It is a battle for him to be with a woman and be attracted to a man that is in the same company. Tommy at the present lives by himself so he doesnââ¬â¢t feel as if there are any rules he has to live with. He currently resides in the Hollywood area. He is comfortable living this lifestyle and his community contributes to this. Tommy has many friends and he also dates several women. Many individuals do not know that he is bisexual. Individuals might suspect that Tommy is bisexual but they have no confirmation. I am a close friend to Tommy and I actually have had the pleasure of knowing him for two years. I also might add that I have been attracted to Tommy for these two years and have dated him. I do accept his lifestyle as being bisexual because I care about him. But, I choose not to be in a relationship with Tommy because I do not want to risk my life or my health. We have an open and honest relationship so he understands that I have feelings for him but I in know way want to proceed with a relationship. But, if he chooses not to participate in this lifestyle in the future I just might end up being with him. But as one of his friends along with the others, he is accepted and is treated no differently than the next person. Tommy always feels comfortable in talking with me about his sexuality. He seems to be at this point in his life trying to deal with issues in the past that he feels might have led him to being attracted to both women and men. He has never mentioned to me about anything that stemmed from his past that might have triggered this imbalance in sexuality. I personally accept anyone who chooses to live a gay, lesbian or bisexual lifestyle. However, I do not condone dishonesty in sexual relationships with partners who have no knowledge of each otherââ¬â¢s sexuality. It is really hard to discuss the responses of others, many individuals just do not know. Tommy is a very nice looking young man and is very professional and classy. He has all the traits that women are seeking in this young adult age. I believe that if women knew of his lifestyle as a bisexual they might not be as interested in him as before. As I mentioned many people question his sexuality but he has encountered no prejudice against him in that regard. Tommy indicates that it wasnââ¬â¢t until he came to Los Angeles that he decided to practice his lifestyle as a bisexual. Los Angeles makes it a lot easier to be bisexual, gay or a lesbian and be accepted in society. He feels most comfortable here and being able to go out in public with another man. He felt as though when he lived with his family he could not practice bisexuality. He never carried out sexual relationships with men until he came to Los Angeles. The sexuality of Black males as well as females is enmeshed with racial stereotyping thus the issues of gays and bisexual blacks is a particularly sensitive one so far as the Black community is concerned. The notion is that bisexuals are confused, promiscuous and greedy. To me promiscuity is really an oxymoron. Itââ¬â¢s down to the individual needs and requirement of that person. I will never have an issue with anyone who chooses to be bisexual but in these days it is just unsafe to be with someone who is bisexual because AIDS is so prevalent and many individuals are just not honest with their sexual orientation.
Sunday, September 29, 2019
Bilingual Education Essay
Multiculturalism as well as bilingual education approaches among schools is most likely affecting major educational institutions in the United States today. This is primarily because of the fact that the growing effect of globalization around the world influences major sectors of the world especially that of the educational field. As for a fact, surveys pertain to the fact that there are major numbers of students among American schools that come from minor races who are trying to attain education from the said country. As a result, most schools, both elementary and high school cater to at least 55% of the minor race population compared to the number of students who are among the natives of the country. This statistical fact certainly races a challenging situation to the educators of the said scholastic institutions. This challenge actually raises a changing effect within the existing system of education that is currently used in the United States. In a survey that has been performed among young students who are directly affected by the situation mentioned above, the results were radically affecting and changing with regards the learning and teaching systems within the American regions. In this particular survey, it could be noted that there are certain considerations to take notice of to be able to meet the needs of the new students who are under the multicultural educational system. The results of the said survey as well as how they particularly affect the educational approach in teaching and learning within the American territories shall be discussed within the paragraphs that follow. The Survey Results Children who were studying in the first grade in Beverly Martin Elementary School in Ithaca, New York, responded to the survey based from what they actually wanted to receive from their educators as young learners belonging to a culturally diverse environment of educational divisions. Based from their response, it could be noted that there are tat least three major requirements among educators that are primarily expected from them by their students. The said expectations include: (a) Being personally involved with the studentsââ¬â¢ procedures of learning- Educators are expected to have constant assessment of how their students are so far developing in their studies. This especially concerns those who are having a hard time in coping up with the different pressures brought about by bilingual education. These students are most likely from different countries that are using other mother languages aside from English. This means that the students are then supposed to gain ample time form their educators to be able to have a clear understanding of the major procedures that they need to deal with in understanding modern approaches in learning lessons through bilingual education. (b) Being constantly recognized for excellent response to the teaching procedures used towards them by the teachers- acknowledgement of good works usually motivates young learners to do more in school. Most often than not, to at least assist the students realize that they are doing something that is worthwhile for their own personal development. This is especially because of the fact that there are students who are loosing confidence in their studies because of the fact that they are having a hard time adjusting to the language being used in class. Thus, if this is given consideration by the educators, it is possible that the students who are acknowledged for their fine works would gain much confidence as to how they are going to deal with the challenges that they are to meet in their studies. (c) Giving lessons through modern procedures that are much better that the usual- traditional teaching that is used in the regular educational presentations within the schools may not be as effective in this process of learning. Assisting students of this particular set up of learning may not be as easy as it seems. The educators are then required to adapt to the advancements that are noted as major meeting point of the different students from different countries around the world. These three major expectations draw the line of the fact that the students actually need their teachers to treat them fairly in schools even though they are obviously belonging from different races around the world. It could be observed that the ideal teaching that these young learners expect is based on personal concern of their teachers focused upon the learning progress that they are particularly dealing with in school. Of course, dealing with children from other races may not be that easy for the said early learners of the actual scene that is eminent in the human society today. However, through the assistance of their teachers in school, even children as young as first graders would be able to understand the ideal way of dealing with people from other races through the pattern of teaching and treatment that they first observe from their educators. It should always be considered that young children are very observant. It could not be denied that through the acts that the older people portray which they particularly observe everyday, they begin to gain the most important parts of learning that they need to face in life. For this particular reason, teachers who are challenged in dealing with multicultural education patterns should realize that young children have the need of being personally cared for. The psychological impact of the idea that people around them are concerned on how they are growing actually motivates children to do good in school and later on do better with their lives. From this particular survey, it has been noted by the educators that bilingual education has so far began to become the trend of the current educational systems in America. As it has been taken from the results of the performed survey among children in a particular school as noted herein, there are three particular major procedures that need consideration upon implying the different effective approaches in assisting students understand the concept of bilingual education. The said procedures include: (a) Peer facilitated Peer facilitated activities are most likely designed to assist students understand the fact that they have people or young learners who are dealing with the same situation as they are. This then shall allow them the space of enduring with the language problems that they are dealing with in school giving them the chance to become adjusted to the difficulties of their learning procedures. (b) Group System Linking Between Students Learning in groups has been proven effective especially for those young learners. Being able to facilitate camaraderie among themselves makes it easier for them to grasp the lessons that they are learning even though they all belong from different countries and are presently faced with the struggles of learning their lessons in a bilingual set up. (c) Hands-on training procedures for the use of language Practical application of the major procedures of using the language in casual talks shall help the students have a practical knowledge about the language[s] that they are expected to use in school. Todayââ¬â¢s society is faced with the many technological innovations that particularly bring ease to learning. Both oral and verbal language could now be used in practical terms through online learning approaches. Learning within classroom settings are also being advanced through the implementation of several technologically advanced gadgets for learning processes that serves as the basic ground lining the students together. Conclusion Children from different countries may appear differently in terms of their physical attributes. However, young as they are, they are actually following the same pattern of growth and personality development that should be considered by their school educators. In dealing with children from different cultures, it should then be noted that the need for emphasizing concern for their personal growth and acknowledging their good deeds and excellent educational progress is an essential key to gaining the best results from the learning procedures of the said children. Hence, this particular suggestion leads to a certain conclusion that children, regardless of the color of the skin or the origin of their culture all need the same level of attention and concern when it comes to learning and education. Learning in a bilingual approach is not that easy as it seems for both the educators and the learners. However, with ample effort and determination to succeed in the said particular way of learning, victory could be won over. The benefits of succeeding in this way of learning is not that easy to gain, however, once the benefits are gained, it could not be denied that the efforts placed in by the educators and the learners are all worth while. Reference: Nieto, S. (2004). Affirming Diversity: The Sociopolitical Context of Multicultural and Bilingual Education. Boston: Pearson Education, Inc. 4th Ed.
Saturday, September 28, 2019
Discuss the significance of the ghost in Act 1 Essay
ââ¬Å"It harrows me with fear and wonder. â⬠Horatioââ¬â¢s expressive words on first encountering the ghost in Hamlet are reflective of the concerns that were preeminent in the minds of the Elizabethans of Shakespeareââ¬â¢s time with regards the supernatural. The influence of the peopleââ¬â¢s rampant belief in ghosts, witches and superstitious ideas is evident on the pages of such Shakespearean works as Hamlet, Macbeth, Julius Caesar and Richard III. This idea of ghosts triggered a sense of fear, and instigated thought on matters such as death and the afterlife. The appearance of King Hamletââ¬â¢s ghost is thus not only typical of the era in which the play was supposedly written, as well as typical of other Shakespearean works, but brings to mind issues which are still widely debated today. Act 1 begins with a change of guards at the Elsinore castle, an active scene which has been interpreted by some to set off the tension in the play. The guards on duty, Marcellus and Barnardo, attempt to convince Horatio of an ââ¬Ëapparitionââ¬â¢, a ââ¬Ëdreaded sightââ¬â¢ which they had twice previously seen. Horatio, however, is filled with disbelief, proclaiming, ââ¬Å"Tush, tush, ââ¬â¢twill not appear. â⬠The repetition of the word ââ¬Ëtushââ¬â¢ in this alliterative statement draws our attention to his doubts of the ghostââ¬â¢s appearance, and thus makes it even more dramatic when the ghost suddenly appears. The setting of the first scene on the castle battlements past midnight, and the manner in which the ghostââ¬â¢s previous appearances are described by the guards, employing such adjectives as ââ¬Ëdreadedââ¬â¢ and references to heaven and the ââ¬Å"starâ⬠¦ where now it burnsâ⬠all come together to create a fearful scene. These all pave the way for the appearance of the ghost, and further dramatic description of it and its actions. The way the ghost moves and acts, seen in the use of sibilance in ââ¬Å"See, it stalks awayâ⬠, and in the stage directions, ââ¬Å"It spreads his armsâ⬠can be described as frightening and haunting. Horatio says of the ghost, ââ¬Å"â⬠¦ it started like a guilty thing/ Upon a fearful summonsâ⬠This simile implies that the ghost is still facing judgement, and this introduces the idea of purgatory. It is believed by Catholics that when a person dies, they either go to heaven, hell or are in judgement in purgatory. The ghost further hints this idea to Hamlet when he says, ââ¬Å"Till the foul crimes done in my days of nature/ Are burnt and purged away. â⬠This further connotes the idea that Hamletââ¬â¢s father is Catholic whereas Hamlet, a student at Wittenberg, the same university attended by Martin Luther the religious Reformist and founder of Protestantism, is Protestant. This idea of religious differences can be linked to the era in which Shakespeare was writing, in that the Church of England had broken away from the Catholic Church under King Henry in the 16th century and there was thus consciousness of differing denominations among Catholics and Anglicans in England. It is also very dramatic that the ghost does not speak to the guards, and indeed it speaks to no other person but Hamlet. Although Horatio, the scholar, bids it to speak to him with the continuous repetition of ââ¬ËSpeak to meââ¬â¢, the ghost does not speak till it has met Hamlet and led him away from the others. The delay between when the guards see the ghost in the first scene and when the ghost actually speaks to Hamlet in Scene Four creates suspense and heightens the tension in the play. The appearance and words of the ghost confirms the speculation by the guards and Horatio that ââ¬Å"Something is rotten in the state of Denmark. â⬠This is reminiscent of where Horatio earlier points out, making use of alliteration, that ââ¬Å"this bodes some strange eruption to our state. â⬠There is a lot of war imagery used in this Act, including ââ¬Å"â⬠¦ assail your ears/ That are so fortifiedâ⬠¦ â⬠and ââ¬Å"martial stalkâ⬠. The Danes are worried that war will be waged on them by Fortinbras of Norway, and thus the reason for people working to make weapons day and night, and guards watching the palace all night long. The ghost only seems to buffer these thoughts, appearing in ââ¬Å"warlike formâ⬠and wearing the same armour which King Hamlet had on when he ââ¬Å"combatedâ⬠Norway. However, the ghostââ¬â¢s calling of Hamlet aside is significant as it proves that he has appeared for a more private reason than those concerning the wars of Denmark.
Friday, September 27, 2019
International Finance and Banking Case Study Example | Topics and Well Written Essays - 750 words
International Finance and Banking - Case Study Example Using the corporate spot rate, the cash inflow will be equivalent to 30,375,000/1.04 MYR. By converting these into dollars it is equivalent to 29,206,730*0.305 = $8,908,053. For three months this is equivalent to 8,908,053*1.035 = $9,219,835. The three month forward rate will be an equivalent of $8,762,019*1.035 = $9,068,690. Yankee has two hedging alternatives for the EUR receivable includes the option to sell the product at the current spot rate of $1.355 per euro or three month forward rate at $1.355 per euro. By discounting the amount receivable in three months, the gain from the sales is equivalent to thirty six million Euros. Using the current spot rate, thirty six million Euros accumulated for three months is equivalent to 36,000,000* 1.35 = $48,600,000. If Yankee uses three month forward rate, this amount will be equivalent to 36,000,000*1.355 = $48,780,000 in three months. I think it is easier for Yankee to hedge its outflows and inflows denominated in foreign currencies because the outflows of Yankees are responsive to payable amount denominated in foreign currency in respect to current changes in currency exchange in the market and the future currency values. Therefore, since Yankee has formed a two years agreement with the two clients the inflows and outflows will be only affected by changes in currency value (Tarullo, 2008). There is no need for Yankee to over the hedge in regard to question 2 above. Even though Yankee could over hedge the put option under normal situation, Johnson wishes to hedge the total coverage and has only 125,000 pounds in a put option. Since Yankee will receive 36,000,000 pounds in three months it means that the client will be required to purchase 288 put options so that they can completely cover disclosure. Since Yankee has formed an agreement for exporting the products to the two clients in the foreign countries over hedging is not an option in the month forward rate.
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