<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-34220640</id><updated>2011-04-22T09:56:36.747+08:00</updated><title type='text'>Two Dicks &amp; a Holy Grail</title><subtitle type='html'></subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>31</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-34220640.post-116817035131646415</id><published>2007-01-07T19:42:00.000+08:00</published><updated>2007-01-07T19:57:50.276+08:00</updated><title type='text'>My Favourite Pic</title><content type='html'>&lt;a href="http://photos1.blogger.com/x/blogger/7370/3767/1600/668075/monkey.jpg"&gt;&lt;img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://photos1.blogger.com/x/blogger/7370/3767/400/657776/monkey.jpg" border="0" alt="" /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Since you guys are unwilling to blog here &amp; I can't exactly post pictures of us on my blog(due to lotsa spying), ta-da, here's my favorite pic. For my buddy buddies to enjoy.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116817035131646415?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116817035131646415/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116817035131646415' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116817035131646415'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116817035131646415'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2007/01/my-favourite-pic.html' title='My Favourite Pic'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116144171366662531</id><published>2006-10-21T22:39:00.000+08:00</published><updated>2006-10-21T22:41:54.143+08:00</updated><title type='text'></title><content type='html'>Yeah, there's finally an update. This is my version, presenting the grail, dicks &amp; friends. &lt;br /&gt;&lt;br /&gt;&lt;span style="font-weight:bold;"&gt;The Whole big Family &lt;span style="font-style:italic;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/P1010887.jpg"&gt;&lt;img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://photos1.blogger.com/blogger/7370/3767/400/P1010887.jpg" border="0" alt="" /&gt;&lt;/a&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116144171366662531?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116144171366662531/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116144171366662531' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116144171366662531'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116144171366662531'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/yeah-theres-finally-update.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116140145500840676</id><published>2006-10-21T11:24:00.000+08:00</published><updated>2006-10-21T11:30:55.643+08:00</updated><title type='text'></title><content type='html'>&lt;div style="text-align: center;"&gt;&lt;span style="font-style: italic;font-size:85%;" &gt;The most recent picture of the 2 Dicks &amp; a Holy Grail at dblo celebrating 毛毛迪克头 23rd Bday&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/P1010853.jpg"&gt;&lt;img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://photos1.blogger.com/blogger/7370/3767/320/P1010853.jpg" alt="" border="0" /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;It's the holidays but think everyone will be even busier. Work, work &amp; more work.. So remember to take care of ur health.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116140145500840676?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116140145500840676/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116140145500840676' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116140145500840676'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116140145500840676'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/most-recent-picture-of-2-dicks-holy.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116092564243751967</id><published>2006-10-15T23:12:00.000+08:00</published><updated>2006-10-15T23:32:55.586+08:00</updated><title type='text'>ans for mcq</title><content type='html'>for 2005,&lt;br /&gt;c, b, d, b, c, a,  d,  c,  a, c&lt;br /&gt;&lt;br /&gt;for 04,&lt;br /&gt;d, e, e, b, a,&lt;br /&gt;b, c, e, c, a&lt;br /&gt;c.&lt;br /&gt;&lt;br /&gt; &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span lang="EN-GB"&gt;2&lt;sup&gt;nd&lt;/sup&gt; Semester 2005&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span lang="EN-GB"&gt;Section B&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 1. PV = C ((1-1(1+i)&lt;sup&gt;n&lt;/sup&gt;)/i)) + (FV /(1+i)&lt;sup&gt;n&lt;/sup&gt;&lt;span style=""&gt; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;PV = 100 ((1-1(1+0.12)&lt;sup&gt;10&lt;/sup&gt;)/0.12) + (1000/1.12&lt;sup&gt;10&lt;/sup&gt;)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;PV = 100 ((1-1/3.105848)/0.12) + (1000/3.105848)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;PV = 100 (1-0.321973/0.12) + 321.97&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;PV = 565.02 + 321.97&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;PV = $886.99&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Qn. 2. Modified Duration = Macaulay’s Duration / 1+ (Yield/k)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;MD = 9.5/(1+0.12/2)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;MD = 9.5/1.06&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;MD = 8.96 years&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;            &lt;/span&gt;Interest rate goes down by 0.5% = - 8.96 X – 0.5 = +4.48%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 3. &lt;span style=""&gt; &lt;/span&gt;Buying a Call Option&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Optimistic that price will rise&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Objective is to log-in the price of the stock at below market price&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Current stock trading @ $25&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Exercise Price is $35&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Intrinsic Value = $0 &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 4.&lt;span style=""&gt;              &lt;/span&gt;Current price of the stock = $110&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Strike Price for a put option = $115&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Put Option in-the-money $115-$110 X 1000 = $5000&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Dollar returns on one put option of $5.25 = $5000 - $5250&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                                                                                                &lt;/span&gt;= - $250&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 5.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;table class="MsoTableGrid" style="border: medium none ; border-collapse: collapse;" border="1" cellpadding="0" cellspacing="0"&gt;  &lt;tbody&gt;&lt;tr style=""&gt;   &lt;td style="border: 1pt solid windowtext; padding: 0in 5.4pt; width: 77.4pt;" valign="top" width="103"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Asset&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 99pt;" valign="top" width="132"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Composition&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Returns&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 2.45in;" valign="top" width="235"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Weighted   Average&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 77.4pt;" valign="top" width="103"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Cash&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 99pt;" valign="top" width="132"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;15%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;3.5%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 2.45in;" valign="top" width="235"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;0.15 X 0.035 = 0.00525&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 77.4pt;" valign="top" width="103"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Bonds&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 99pt;" valign="top" width="132"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;35%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;5.75%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 2.45in;" valign="top" width="235"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;0.35 X 0.0575 = 0.020125&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 77.4pt;" valign="top" width="103"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Shares&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 99pt;" valign="top" width="132"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;50%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;-8.5%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 2.45in;" valign="top" width="235"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;0.5 X -0.085 = - 0.0425&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td colspan="3" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 3.7in;" valign="top" width="355"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Weighted   Returns of Portfolio&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 2.45in;" valign="top" width="235"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;-0.017125 = -1.71%&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt; &lt;/tbody&gt;&lt;/table&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 6.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Original NAV = $100,000 &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;table class="MsoTableGrid" style="border: medium none ; border-collapse: collapse;" border="1" cellpadding="0" cellspacing="0"&gt;  &lt;tbody&gt;&lt;tr style=""&gt;   &lt;td style="border: 1pt solid windowtext; padding: 0in 5.4pt; width: 0.95in;" valign="top" width="91"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Stock&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 1in;" valign="top" width="96"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Shares&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 81pt;" valign="top" width="108"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Price&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Value&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 0.95in;" valign="top" width="91"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;W&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1in;" valign="top" width="96"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;2500&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 81pt;" valign="top" width="108"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$11&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$27,500&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 0.95in;" valign="top" width="91"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;X&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1in;" valign="top" width="96"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;2100&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 81pt;" valign="top" width="108"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$14&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$29,400&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 0.95in;" valign="top" width="91"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Y&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1in;" valign="top" width="96"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;2700&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 81pt;" valign="top" width="108"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$23&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$62,100&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 0.95in;" valign="top" width="91"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Z&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1in;" valign="top" width="96"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;1900&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 81pt;" valign="top" width="108"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$15&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$28,500&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td colspan="3" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 221.4pt;" valign="top" width="295"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;New   NAV&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 1.25in;" valign="top" width="120"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;$147,750&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt; &lt;/tbody&gt;&lt;/table&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 7.&lt;span style=""&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;ER = RFR + ß(RM – RFR)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;ER = 0.025 + 1.1 (0.12 – 0.025)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;ER = 0.025 + 0.1045&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;ER = 12.95%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Decision – buy because the expected returns of the said stock is 14%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 8.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-right: -9pt;"&gt;&lt;span lang="EN-GB"&gt;Compound Annual Growth Rate (CAGR) = (ending value/beginning value)&lt;sup&gt;n/# of n&lt;/sup&gt; – 1&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;CAGR = (3.50/1.2)&lt;sup&gt;1/10&lt;/sup&gt; – 1&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;CAGR = 1.11298 – 1&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;CAGR = 11.3%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;span style="font-size: 12pt; font-family: Arial;" lang="EN-GB"&gt;&lt;br /&gt; &lt;/span&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 9.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Yr 1 = 1.5 X 9% = $1.64&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Yr 2 = 1.64 X 9% = $1.78&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Yr 3 = 1.78 X 9% = $1.94&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;PV = FV / (1+in)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;PV1 = 1.64 / 1.07 = $1.53&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;PV2 = 1.78 / 1.07 X 2 = $1.56&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;PV3 = 1.94 / 1.07 X 3 = $1.60&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 10.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Correlation coefficient &lt;span style=""&gt;         &lt;/span&gt;&lt;span style=""&gt; &lt;/span&gt;r &lt;i style=""&gt;ij &lt;/i&gt;= &lt;u&gt;Cov &lt;i style=""&gt;ij&lt;/i&gt;&lt;/u&gt;&lt;i style=""&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                                                            &lt;/span&gt;ς&lt;i style=""&gt;i &lt;/i&gt;ς&lt;i style=""&gt;j&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;i style=""&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/i&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;r &lt;sub&gt;AB &lt;span style=""&gt;       &lt;/span&gt;&lt;/sub&gt;=&lt;span style=""&gt;          &lt;/span&gt;&lt;st1:place st="on"&gt;&lt;st1:city st="on"&gt;&lt;u&gt;Cov&lt;/u&gt;&lt;/st1:City&gt;&lt;u&gt;  &lt;st1:state st="on"&gt;&lt;sub&gt;AB&lt;/sub&gt;&lt;/st1:State&gt;&lt;/u&gt;&lt;/st1:place&gt;&lt;u&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/u&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;ς&lt;sub&gt;A&lt;/sub&gt;&lt;i style=""&gt; &lt;/i&gt;ς&lt;sub&gt;B&lt;/sub&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;r &lt;sub&gt;AB &lt;span style=""&gt;       &lt;/span&gt;&lt;/sub&gt;=&lt;span style=""&gt;          &lt;/span&gt;&lt;u&gt;0.01&lt;/u&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;0.15 X0.2&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;r &lt;sub&gt;AB &lt;span style=""&gt;       &lt;/span&gt;&lt;/sub&gt;=&lt;span style=""&gt;          &lt;/span&gt;0.333&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span lang="EN-GB"&gt;Section C&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 1&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Managed Fund – an entity in which individual investors pool their funds together to invest.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;4 advantages&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;ol style="margin-top: 0in;" start="1" type="1"&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;diversification with small sum of money&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;professional investment management&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;portfolio diversification over asset types, sectors and      countries&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;liquidity&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;convenience – all admin related to investments taken care of.&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;efficient portfolio – eliminate unsystematic risks&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt;  &lt;p class="MsoNormal" style="margin-left: 0.25in;"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;span style="font-size: 12pt; font-family: Arial;" lang="EN-GB"&gt;&lt;br /&gt; &lt;/span&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 2&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Bond prices and interest rates are inversely related – the price of bonds moves in the opposite direction to interest rates.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Coupons of bonds fixed over the period or term of the bond.&lt;span style=""&gt;  &lt;/span&gt;Market interest rates are however dynamic.&lt;span style=""&gt;  &lt;/span&gt;Once interest rate moves up, the bond price will be discounted so that they remain attractive to the investors. Conversely if interest rates move down, the bond price will be adjusted up. &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 3&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Options like forward contract – derivatives.&lt;span style=""&gt;  &lt;/span&gt;The value of option and forward contract is derived from the underlying assets rather than the instruments. Unless it is an index option, deliver of the assets can be expected.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;How are they different?&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Options -&lt;span style=""&gt;  &lt;/span&gt;premiums will be paid or collected by buyer and seller respectively.&lt;span style=""&gt;  &lt;/span&gt;Option investors can take an opposite position thus cancelling out their risks. Their obligation is towards the clearing house.&lt;span style=""&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Forward contract is between two parties and it carries inherent risks of default by either party.&lt;span style=""&gt;  &lt;/span&gt;No premiums are collected and settlement is by cash and goods on the settlement date. &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 4&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;No capital gains tax under the current &lt;st1:country-region st="on"&gt;&lt;st1:place st="on"&gt;Singapore&lt;/st1:place&gt;&lt;/st1:country-region&gt; taxation rule.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;st1:country-region st="on"&gt;&lt;st1:place st="on"&gt;&lt;span lang="EN-GB"&gt;Australia&lt;/span&gt;&lt;/st1:place&gt;&lt;/st1:country-region&gt;&lt;span lang="EN-GB"&gt; – Capital Gains Tax (CGT) is applicable based on the investor’s marginal tax rate. Those investing in equity options need to note that Australian tax regime requires an investor to hold the equity for a minimum number of days to qualify for franking credits.&lt;span style=""&gt;  &lt;/span&gt;Investors in options should consult a tax consultant in respect to their tax implication.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 5&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Top-down analysis – macro approach in selecting appropriate investments.&lt;span style=""&gt;  &lt;/span&gt;It looks at the state of the economy and move towards the firm level.&lt;span style=""&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Bottom-up analysis.&lt;span style=""&gt;  &lt;/span&gt;It looks at the specific firms before looking at the economy.&lt;span style=""&gt;  &lt;/span&gt;It requires the analyst to study the fundamentals of the specific company.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Top-down – technical analysis.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Bottom-up approach – fundamental analysis.&lt;br /&gt; Semester 2: 2004&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 1a.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;table class="MsoTableGrid" style="border: medium none ; border-collapse: collapse;" border="1" cellpadding="0" cellspacing="0"&gt;  &lt;tbody&gt;&lt;tr style=""&gt;   &lt;td style="border: 1pt solid windowtext; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Time Period&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Income (Y)&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;PV of Y&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;1&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;28.57143&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;28.57143&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;2&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;sup&gt;2&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;27.21088&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;54.42177&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;3&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;sup&gt;3&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;25.91513&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;77.74538&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;4&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;sup&gt;4&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;24.68107&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;98.7243&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;5&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;sup&gt;5&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;23.50578&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;117.5289&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;6&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;1030&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;30/1.05&lt;sup&gt;6&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;768.6019&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;4611.611&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style=""&gt;   &lt;td colspan="3" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0in 5.4pt; width: 265.65pt;" valign="top" width="354"&gt;   &lt;p class="MsoNormal" style="text-align: center;" align="center"&gt;&lt;span lang="EN-GB"&gt;Price   of Bond = &lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.55pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;898.4862&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0in 5.4pt; width: 88.6pt;" valign="top" width="118"&gt;   &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;4988.603&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt; &lt;/tbody&gt;&lt;/table&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn 2a.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                        &lt;/span&gt;Duration = (4988.603/898.4862)/2 = 2.77 years&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 2a &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Modified Duration &lt;span style=""&gt;    &lt;/span&gt;= Duration / 1+ (Yield/k)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 7.2 / 1 + (1.10)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 7.2 / 1.10&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 6.54&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;If coupons paid semi-annually &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 7.2 / 1 + (1.1/2)&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 7.2 / 1.05&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;MD&lt;span style=""&gt;                              &lt;/span&gt;= 6.85&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Qn. 2b&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Interest rates fall by 2%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Based on annual coupon rate &lt;span style=""&gt;                     &lt;/span&gt;= - 6.54 X – 2 &lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                                                                        &lt;/span&gt;= + 13.08%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Based on semi-annual coupon rate &lt;span style=""&gt;           &lt;/span&gt;= - 6.85 X -2&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;span style=""&gt;                                                                        &lt;/span&gt;= + 13.7%&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Section D&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Qn. 2&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Call Options – gives the option buyer the right but not the obligation to buy an underlying asset at an agreed price and within a specified date.&lt;span style=""&gt;  &lt;/span&gt;Call option holders pays a premium for this right.&lt;span style=""&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Call Options – optimistic that price will move up and its objective is to secure a buying price that is lower than the market price.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Put options – gives the option buyer the right but not the obligation to sell an underlying asset at an agreed price and within a specified date.&lt;span style=""&gt;  &lt;/span&gt;The put option holder pays a premium for this right.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Put options – optimistic that price will move down and its objective is to secure a selling price that is higher than the market price.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Qn. 3.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt; text-align: justify;"&gt;&lt;span lang="EN-GB"&gt;A covered call writer sells the options yet still holds the equivalent amount of shares in the underlying stocks. He will be paid a premium for being a writer.&lt;span style=""&gt;  &lt;/span&gt;If the call option holder exercised the option, the writer will receive the premiums plus the price of the equity sold.&lt;span style=""&gt;  &lt;/span&gt;This will be more than what he gets for selling the equity on its own.&lt;span style=""&gt;  &lt;/span&gt;If the option is not exercised, he will still pocket the premium.&lt;/span&gt;&lt;span style=""&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-top: 12pt;"&gt;&lt;span lang="EN-GB"&gt;Likely to use this strategy when he is undecided to sell his equity but prepared to sell if the price is right.&lt;span style=""&gt;  &lt;/span&gt;Also when he thinks that price of the equity will move south and thus writes a put to earn the premium.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 4&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Advantages&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Disadvantages&lt;/span&gt;&lt;/p&gt;  &lt;ol style="margin-top: 0in;" start="1" type="1"&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;cost – different charges – annual management fees, front or      back end charges, switching fees&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;loss of control over the fund investment decisions&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Qn. 5.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;Essential features of a bond.&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;ol style="margin-top: 0in;" start="1" type="1"&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;issuer of bonds – corporate or government&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;coupon rates and frequencies&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;par value&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;maturity date&lt;/span&gt;&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;&lt;span lang="EN-GB"&gt;term to maturity&lt;/span&gt;&lt;/li&gt;&lt;/ol&gt; &lt;br /&gt; &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;Bond’s Duration&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;2004 MCQ Qn. # 11&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;2005 MCQ Qn. # 5 &amp; 10&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Expect this kind of questions &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Duration measures effective life of a bond &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Derived by PV all coupon payments and principle&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Shorter duration means less volatility&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Longer duration more volatility&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Coupon payments and yield affects duration&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;High coupon and high yield shorten duration&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Low coupon and low yield lengthens duration &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;If interest rate is expected to decrease, the investor will buy bonds with low yields and long durations&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;If interest rates is expected to increase, the investor will buy bonds with short durations&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;Take a look at 2005 MCQ question 10.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;table class="MsoNormalTable" style="width: 392pt; margin-left: 4.5pt; border-collapse: collapse;" border="0" cellpadding="0" cellspacing="0" width="523"&gt;  &lt;tbody&gt;&lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;1000&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td colspan="2" style="padding: 0in 5.4pt; width: 101.2pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="135"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;10   coupons&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;5%&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;ytm&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;5%&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;3%&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;ytm&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;4%&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span style="font-size: 10pt;"&gt;Bond A&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;span style="font-size: 10pt;"&gt;Bond B&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;y&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td colspan="2" style="padding: 0in 5.4pt; width: 101.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="135"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;current   value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;y&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td colspan="2" style="padding: 0in 5.4pt; width: 101.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="135"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;current   value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;1&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;47.61905&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;47.61905&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;28.84615&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;28.84615&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;2&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;45.35147&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;90.70295&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;27.73669&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;55.47337&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;3&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;43.19188&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;129.5756&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;26.66989&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;80.00967&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;4&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;41.13512&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;164.5405&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;25.64413&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;102.5765&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;5&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;39.17631&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;195.8815&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;24.65781&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;123.2891&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;6&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;37.31077&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;223.8646&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;23.70944&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;142.2566&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;7&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;35.53407&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;248.7385&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;22.79753&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;159.5827&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;33.84197&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;270.7357&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;21.92071&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;175.3656&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;9&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;50&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;32.23045&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;290.074&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;30&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;21.0776&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;189.6984&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;10&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;1050&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;644.6089&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;6446.089&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;1030&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;695.8311&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;6958.311&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;1000&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8107.822&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;918.891&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8015.409&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;duration&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8.107822&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;duration&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8.722916&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;MD&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;7.721735&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;MD&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal" style="text-align: right;" align="right"&gt;&lt;span style="font-size: 10pt;"&gt;8.387419&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt;  &lt;tr style="height: 12.75pt;"&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.25pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.6pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="67"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 46.3pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="62"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;   &lt;td style="padding: 0in 5.4pt; width: 50.65pt; height: 12.75pt;" nowrap="nowrap" valign="bottom" width="68"&gt;   &lt;p class="MsoNormal"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;   &lt;/td&gt;  &lt;/tr&gt; &lt;/tbody&gt;&lt;/table&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;Look at Bonds A &amp; B. Both have similar term to maturity but because bond B has a lower yield and lower coupon rate the duration is longer than Bond A.&lt;span style=""&gt;  &lt;/span&gt;If&lt;span style=""&gt;  &lt;/span&gt;interest rate decreases by 1%, Bond A would appreciate by 7.72% while Bond B would appreciate by 8.39%.&lt;span style=""&gt;  &lt;/span&gt;For bond investors this can translate into a tidy profit. &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;Options&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;2005 MCQ Qn. #4&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Intrinsic value = difference between strike price and current price of asset&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Intrinsic value ≥ 0 and never negative&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.25in;"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Call options &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Optimistic that price will increase &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Hope to buy asset below market value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Intrinsic value exists when strike price is below market value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.75in;"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 0.5in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;•&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;         &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Put options &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Optimistic that price will decrease &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Hope to sell asset above market value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style="margin-left: 1in; text-indent: -0.25in;"&gt;&lt;!--[if !supportLists]--&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;;"&gt;&lt;span style=""&gt;–&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"&gt;        &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;!--[endif]--&gt;&lt;span style=""&gt;Intrinsic value exists when strike price is above market value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;MCQ Qn .4&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;span style="'mso-element:field-begin;"&gt;&lt;/span&gt;&lt;span style="'mso-spacerun:yes'"&gt; &lt;/span&gt;SHAPE&lt;span style="'mso-spacerun:yes'"&gt;  &lt;/span&gt;\* MERGEFORMAT &lt;span style="'mso-element:field-separator'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;!--[if gte vml 1]&gt;&lt;v:group id="_x0000_s1042" editas="canvas" style="'width:6in;height:131.8pt;" coordorigin="2529,1115" coordsize="8075,2534"&gt;  &lt;o:lock ext="edit" aspectratio="t"&gt;  &lt;v:shapetype id="_x0000_t75" coordsize="21600,21600" spt="75" preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"&gt;   &lt;v:stroke joinstyle="miter"&gt;   &lt;v:formulas&gt;    &lt;v:f eqn="if lineDrawn pixelLineWidth 0"&gt;    &lt;v:f eqn="sum @0 1 0"&gt;    &lt;v:f eqn="sum 0 0 @1"&gt;    &lt;v:f eqn="prod @2 1 2"&gt;    &lt;v:f eqn="prod @3 21600 pixelWidth"&gt;    &lt;v:f eqn="prod @3 21600 pixelHeight"&gt;    &lt;v:f eqn="sum @0 0 1"&gt;    &lt;v:f eqn="prod @6 1 2"&gt;    &lt;v:f eqn="prod @7 21600 pixelWidth"&gt;    &lt;v:f eqn="sum @8 21600 0"&gt;    &lt;v:f eqn="prod @7 21600 pixelHeight"&gt;    &lt;v:f eqn="sum @10 21600 0"&gt;   &lt;/v:formulas&gt;   &lt;v:path extrusionok="f" gradientshapeok="t" connecttype="rect"&gt;   &lt;o:lock ext="edit" aspectratio="t"&gt;  &lt;/v:shapetype&gt;&lt;v:shape id="_x0000_s1043" type="#_x0000_t75" style="'position:absolute;" preferrelative="f"&gt;   &lt;v:fill detectmouseclick="t"&gt;   &lt;v:path extrusionok="t" connecttype="none"&gt;   &lt;o:lock ext="edit" text="t"&gt;  &lt;/v:shape&gt;&lt;v:line id="_x0000_s1044" style="'position:absolute'" from="5250,2815" to="8450,2815"&gt;  &lt;v:line id="_x0000_s1045" style="'position:absolute;flip:y'" from="5250,1375" to="8450,2815"&gt;  &lt;v:shapetype id="_x0000_t202" coordsize="21600,21600" spt="202" path="m,l,21600r21600,l21600,xe"&gt;   &lt;v:stroke joinstyle="miter"&gt;   &lt;v:path gradientshapeok="t" connecttype="rect"&gt;  &lt;/v:shapetype&gt;&lt;v:shape id="_x0000_s1046" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1046;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Market Price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1047" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1047;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Intrinsic value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1048" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1048;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;4a&lt;/span&gt;&lt;span lang="EN-GB" style="'font-size:"&gt;. &lt;/span&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Buy – call option&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Situation - Strike &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;price above Market price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1049" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1049;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'font-size:16.0pt;mso-bidi-font-size:18.0pt;color:black'"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;w:wrap type="none"&gt;  &lt;w:anchorlock/&gt; &lt;/v:group&gt;&lt;![endif]--&gt;&lt;!--[if !vml]--&gt;&lt;img src="file:///C:/DOCUME%7E1/HARPER%7E1/LOCALS%7E1/Temp/msohtml1/01/clip_image001.gif" shapes="_x0000_s1042 _x0000_s1043 _x0000_s1044 _x0000_s1045 _x0000_s1046 _x0000_s1047 _x0000_s1048 _x0000_s1049" height="178" width="578" /&gt;&lt;!--[endif]--&gt;&lt;/span&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;v:shape id="_x0000_i1025" type="#_x0000_t75" style="'width:6in;height:131.8pt'"&gt;  &lt;v:imagedata croptop="-65520f" cropbottom="65520f"&gt; &lt;/v:shape&gt;&lt;span style="'mso-element:field-end'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;span style=""&gt;            &lt;/span&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;span style="'mso-element:field-begin;"&gt;&lt;/span&gt;&lt;span style="'mso-spacerun:yes'"&gt; &lt;/span&gt;SHAPE&lt;span style="'mso-spacerun:yes'"&gt;  &lt;/span&gt;\* MERGEFORMAT &lt;span style="'mso-element:field-separator'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;!--[if gte vml 1]&gt;&lt;v:group id="_x0000_s1034" editas="canvas" style="'width:6in;height:131.8pt;" coordorigin="2529,1115" coordsize="8075,2534"&gt;  &lt;o:lock ext="edit" aspectratio="t"&gt;  &lt;v:shape id="_x0000_s1035" type="#_x0000_t75" style="'position:absolute;left:2529;" preferrelative="f"&gt;   &lt;v:fill detectmouseclick="t"&gt;   &lt;v:path extrusionok="t" connecttype="none"&gt;   &lt;o:lock ext="edit" text="t"&gt;  &lt;/v:shape&gt;&lt;v:line id="_x0000_s1036" style="'position:absolute'" from="5250,2815" to="8450,2815"&gt;  &lt;v:line id="_x0000_s1037" style="'position:absolute;flip:y'" from="5250,1375" to="8450,2815"&gt;  &lt;v:shape id="_x0000_s1038" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1038;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Market Price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1039" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1039;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Intrinsic value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1040" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1040;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;4b&lt;/span&gt;&lt;span lang="EN-GB" style="'font-size:"&gt;. &lt;/span&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Sell – put option&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Situation - Strike price above &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Market price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1041" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1041;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'font-size:16.0pt;mso-bidi-font-size:18.0pt;color:black'"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;w:wrap type="none"&gt;  &lt;w:anchorlock/&gt; &lt;/v:group&gt;&lt;![endif]--&gt;&lt;!--[if !vml]--&gt;&lt;img src="file:///C:/DOCUME%7E1/HARPER%7E1/LOCALS%7E1/Temp/msohtml1/01/clip_image002.gif" shapes="_x0000_s1034 _x0000_s1035 _x0000_s1036 _x0000_s1037 _x0000_s1038 _x0000_s1039 _x0000_s1040 _x0000_s1041" height="178" width="578" /&gt;&lt;!--[endif]--&gt;&lt;/span&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;v:shape id="_x0000_i1026" type="#_x0000_t75" style="'width:6in;height:131.8pt'"&gt;  &lt;v:imagedata croptop="-65520f" cropbottom="65520f"&gt; &lt;/v:shape&gt;&lt;span style="'mso-element:field-end'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;span style=""&gt;                        &lt;/span&gt;&lt;span style=""&gt;            &lt;/span&gt;&lt;/span&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;span style="'mso-element:field-begin;"&gt;&lt;/span&gt;&lt;span style="'mso-spacerun:yes'"&gt; &lt;/span&gt;SHAPE&lt;span style="'mso-spacerun:yes'"&gt;  &lt;/span&gt;\* MERGEFORMAT &lt;span style="'mso-element:field-separator'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;!--[if gte vml 1]&gt;&lt;v:group id="_x0000_s1026" editas="canvas" style="'width:6in;height:131.8pt;" coordorigin="2529,1115" coordsize="8075,2534"&gt;  &lt;o:lock ext="edit" aspectratio="t"&gt;  &lt;v:shape id="_x0000_s1027" type="#_x0000_t75" style="'position:absolute;left:2529;" preferrelative="f"&gt;   &lt;v:fill detectmouseclick="t"&gt;   &lt;v:path extrusionok="t" connecttype="none"&gt;   &lt;o:lock ext="edit" text="t"&gt;  &lt;/v:shape&gt;&lt;v:line id="_x0000_s1028" style="'position:absolute'" from="5250,2815" to="8450,2815"&gt;  &lt;v:line id="_x0000_s1029" style="'position:absolute;flip:y'" from="5250,1375" to="8450,2815"&gt;  &lt;v:shape id="_x0000_s1030" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1030;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Intrinsic value&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal"&gt;&lt;span lang="EN-GB" style="'mso-bidi-font-size:18.0pt'"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1031" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1031;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Market Price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1032" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1032;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;4c&lt;/span&gt;&lt;span lang="EN-GB" style="'font-size:"&gt;. &lt;/span&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;sell – put option&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;Situation - Strike price &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'color:black'"&gt;below Market price&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;v:shape id="_x0000_s1033" type="#_x0000_t202" style="'position:absolute;" filled="f" fillcolor="#bbe0e3" stroked="f"&gt;   &lt;v:textbox style="'mso-next-textbox:#_x0000_s1033;mso-fit-shape-to-text:t'" inset="2.26061mm,1.1303mm,2.26061mm,1.1303mm"&gt;    &lt;![if !mso]&gt;    &lt;table cellpadding="0" cellspacing="0" width="100%"&gt;     &lt;tr&gt;      &lt;td&gt;&lt;![endif]&gt;      &lt;div&gt;      &lt;p class="MsoNormal" style="'mso-layout-grid-align:none;text-autospace:none'"&gt;&lt;span lang="EN-GB" style="'font-size:16.0pt;mso-bidi-font-size:18.0pt;color:black'"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;      &lt;/div&gt;      &lt;![if !mso]&gt;&lt;/td&gt;     &lt;/tr&gt;    &lt;/table&gt;    &lt;![endif]&gt;&lt;/v:textbox&gt;  &lt;/v:shape&gt;&lt;w:wrap type="none"&gt;  &lt;w:anchorlock/&gt; &lt;/v:group&gt;&lt;![endif]--&gt;&lt;!--[if !vml]--&gt;&lt;img src="file:///C:/DOCUME%7E1/HARPER%7E1/LOCALS%7E1/Temp/msohtml1/01/clip_image003.gif" shapes="_x0000_s1026 _x0000_s1027 _x0000_s1028 _x0000_s1029 _x0000_s1030 _x0000_s1031 _x0000_s1032 _x0000_s1033" height="178" width="578" /&gt;&lt;!--[endif]--&gt;&lt;/span&gt;&lt;!--[if mso &amp; !supportInlineShapes &amp; supportFields]&gt;&lt;span style="'mso-ansi-language:EN-US'"&gt;&lt;v:shape id="_x0000_i1027" type="#_x0000_t75" style="'width:6in;height:131.8pt'"&gt;  &lt;v:imagedata croptop="-65520f" cropbottom="65520f"&gt; &lt;/v:shape&gt;&lt;span style="'mso-element:field-end'"&gt;&lt;/span&gt;&lt;/span&gt;&lt;![endif]--&gt;&lt;span style=""&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;The answer to the MCQ is 4 b.&lt;span style=""&gt;  &lt;/span&gt;In situation 4a, the strike price is above market price.&lt;span style=""&gt;  &lt;/span&gt;4a is a call option, it is therefore not viable for the option holder to exercise his rights to buy the shares since he can buy it cheaper from the market.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;Similarly in 4c, the put buy holder will not exercise his rights because he is getting a better deal by selling his shares to the open market. &lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;span style=""&gt;4b is correct because he is exercising his rights to sell the shares above market price.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116092564243751967?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116092564243751967/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116092564243751967' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116092564243751967'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116092564243751967'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/ans-for-mcq.html' title='ans for mcq'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116084772862350119</id><published>2006-10-15T01:40:00.000+08:00</published><updated>2006-10-15T01:42:08.633+08:00</updated><title type='text'></title><content type='html'>&lt;span style="font-style: italic;"&gt;PS&lt;/span&gt;. I would love to have that as well.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116084772862350119?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116084772862350119/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116084772862350119' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116084772862350119'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116084772862350119'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/ps.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116072377566965370</id><published>2006-10-13T15:15:00.000+08:00</published><updated>2006-10-13T15:16:15.670+08:00</updated><title type='text'></title><content type='html'>Ches: Taking leave till an appropiate time.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116072377566965370?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116072377566965370/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116072377566965370' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116072377566965370'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116072377566965370'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/ches-taking-leave-till-appropiate-time.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-116032560764886927</id><published>2006-10-09T00:39:00.000+08:00</published><updated>2006-10-09T00:40:07.660+08:00</updated><title type='text'></title><content type='html'>Family is gold&lt;br /&gt;Treasure it&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-116032560764886927?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/116032560764886927/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=116032560764886927' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116032560764886927'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/116032560764886927'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/family-is-gold-treasure-it.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115988900562916606</id><published>2006-10-03T23:20:00.000+08:00</published><updated>2006-10-03T23:23:25.640+08:00</updated><title type='text'></title><content type='html'>Von: Exams are soon approaching. It's only next week but i'm like not half done.....&lt;br /&gt;&lt;br /&gt;Help!&lt;br /&gt;&lt;br /&gt;Are u guys panicking too or am i the only one?&lt;br /&gt;&lt;br /&gt;haha. It's alright, guess i'm lousy! =p&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115988900562916606?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115988900562916606/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115988900562916606' title='3 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115988900562916606'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115988900562916606'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/10/von-exams-are-soon-approaching.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>3</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115959774303883964</id><published>2006-09-30T14:21:00.000+08:00</published><updated>2006-09-30T14:29:03.046+08:00</updated><title type='text'></title><content type='html'>&lt;span style="color: rgb(255, 102, 102);"&gt;Ches: &lt;/span&gt;&lt;span style="font-style: italic; color: rgb(255, 102, 102);"&gt;If you really love her, you should set her free.&lt;/span&gt;&lt;span style="color: rgb(255, 102, 102);"&gt; It's easy for me to say, but in this little lifes of ours, there's many other things to pursue. &lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115959774303883964?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115959774303883964/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115959774303883964' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115959774303883964'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115959774303883964'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/ches-if-you-really-love-her-you-should.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115943128151291439</id><published>2006-09-28T16:05:00.001+08:00</published><updated>2006-09-29T00:52:33.536+08:00</updated><title type='text'>No More Smiles.</title><content type='html'>&lt;span style="font-style: italic;"&gt;It's fading. I'm faking it. &lt;/span&gt;&lt;br /&gt;Give me an opening, I'll give a shot at the game.&lt;br /&gt;Given me an opportunity, I'll like to turn back time.&lt;br /&gt;I would train harder.&lt;br /&gt;I would read more.&lt;br /&gt;I would gotten into a mixed co-ed.&lt;br /&gt;I would not make all those silly mistakes.&lt;br /&gt;I would like to know you better.&lt;br /&gt;I would not fall in love that easily.&lt;br /&gt;&lt;br /&gt;New people I met are alway so self-centered. Why? Is it the so called God playing fuckin games with me? Or fate that's having the upper hand?&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115943128151291439?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115943128151291439/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115943128151291439' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115943128151291439'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115943128151291439'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/no-more-smiles.html' title='No More Smiles.'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115929171909153191</id><published>2006-09-27T01:03:00.001+08:00</published><updated>2006-09-27T01:48:54.906+08:00</updated><title type='text'></title><content type='html'>This is going to be the last depressing post i'll write in here.&lt;br /&gt;&lt;br /&gt;I just need a place to vent my thoughts and leave whatever memories i have with you behind.&lt;br /&gt;&lt;br /&gt;No, i shan't mention who i am. Only close friends and 'him' would know.&lt;br /&gt;&lt;br /&gt;The deck of cards have been played and it's the end.&lt;br /&gt;&lt;br /&gt;The stuffs you told me the other day was totally unexpected or should i say weird? But nevertheless, i accept &amp; respect it.&lt;br /&gt;&lt;br /&gt;Thanks for letting go now, thus prevented me from falling further into the sea.&lt;br /&gt;&lt;br /&gt;To tell you the truth, i was in total misery the whole night.&lt;br /&gt;&lt;br /&gt;I couldn't sleep a wink, felt like a zombie but things have changed now.&lt;br /&gt;&lt;br /&gt;I've learnt to be happy again.&lt;br /&gt;&lt;br /&gt;I've learnt to not think of you.&lt;br /&gt;&lt;br /&gt;I've put away the stuffs you gave me.&lt;br /&gt;&lt;br /&gt;I've deleted the only memory of you and me.&lt;br /&gt;&lt;br /&gt;This is the only &amp;amp; most logical way in which i could carry on.&lt;br /&gt;&lt;br /&gt;From now on, we would be only normal friends with no special feelings attached.&lt;br /&gt;&lt;br /&gt;Please look at me as a friend without thinking about the past.&lt;br /&gt;&lt;br /&gt;I sincerely wish you all the best and take care.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115929171909153191?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115929171909153191/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115929171909153191' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115929171909153191'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115929171909153191'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/this-is-going-to-be-last-depressing.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115916873818739721</id><published>2006-09-25T15:10:00.000+08:00</published><updated>2006-09-25T15:18:58.196+08:00</updated><title type='text'></title><content type='html'>It looks like everyone is currently going through the same phase at the moment.&lt;br /&gt;&lt;br /&gt;Why? Why must things turn out this way?&lt;br /&gt;&lt;br /&gt;Something led me to almost crumbling last night.&lt;br /&gt;&lt;br /&gt;Couldn't sleep properly through out the night.&lt;br /&gt;&lt;br /&gt;Everything seems to be blocked - eyes, ears &amp; heart.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;BUT&lt;/strong&gt; what can i do?&lt;br /&gt;&lt;br /&gt;I can do nothing. I can only wait and see how things turn out.&lt;br /&gt;&lt;br /&gt;The deck of cards isn't in my hands.&lt;br /&gt;&lt;br /&gt;I haven't the power to change anything no matter how much i wish to.&lt;br /&gt;&lt;br /&gt;For now, there's only a song by Green Day which i feel strongly to. The title of the song is "Wake me up when September ends".&lt;br /&gt;&lt;br /&gt;Please, someone just wake me up when September ends. I will be glad.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115916873818739721?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115916873818739721/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115916873818739721' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115916873818739721'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115916873818739721'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/it-looks-like-everyone-is-currently.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115912711566546406</id><published>2006-09-25T03:09:00.000+08:00</published><updated>2006-09-25T17:47:43.456+08:00</updated><title type='text'></title><content type='html'>This is becoming a writing space of denial, a place for escapes.&lt;br /&gt;&lt;br /&gt;Allow me to add my thoughts to the woes.&lt;br /&gt;&lt;br /&gt;You must be cocksure i am such a fucking loser to resort to blogging to express my feelings.&lt;br /&gt;&lt;br /&gt;Today, i finally saw your intimate picture with him.&lt;br /&gt;&lt;br /&gt;Fuck me for crumbling emotionally.&lt;br /&gt;&lt;br /&gt;Pathetically, i was never able to pick myself up like what you predicted.&lt;br /&gt;&lt;br /&gt;It's still going downhill.&lt;br /&gt;&lt;br /&gt;Where is the end to the inclination?&lt;br /&gt;&lt;br /&gt;I should be studying.&lt;br /&gt;&lt;br /&gt;I should be diverting my focus on my already brimful problems.&lt;br /&gt;&lt;br /&gt;I should fucking get myself another girlfriend.&lt;br /&gt;&lt;br /&gt;But there's so much to tell you that i can't to anyone else.&lt;br /&gt;&lt;br /&gt;No one else.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;I can't bring myself to love someone else.&lt;br /&gt;&lt;br /&gt;There's a thin line between love and lust.&lt;br /&gt;&lt;br /&gt;And it can never be the former.&lt;br /&gt;&lt;br /&gt;I hate myself for loving you.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;By chance, i returned to Yishun recently.&lt;br /&gt;&lt;br /&gt;I saw the swing near your place.&lt;br /&gt;&lt;br /&gt;Do you sit on the swing with the new guy like what we used to do?&lt;br /&gt;&lt;br /&gt;The re-painting work at your block gave me a healthy idea how long it has been.&lt;br /&gt;&lt;br /&gt;The sky was dark.&lt;br /&gt;&lt;br /&gt;I didn't have to shed a single tear.&lt;br /&gt;&lt;br /&gt;The rain poured on my behalf.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;You promised to lift me out of the shambles.&lt;br /&gt;&lt;br /&gt;If the aftermath isn't contemplatingly awful enough,&lt;br /&gt;&lt;br /&gt;Everything else has gone wrong.&lt;br /&gt;&lt;br /&gt;Every single shit.&lt;br /&gt;&lt;br /&gt;You should see the devastating state i am in now.&lt;br /&gt;&lt;br /&gt;I am living in immense pretence in front of everyone to hide my flaws, my short-comings and my vices.&lt;br /&gt;&lt;br /&gt;Then again, why would you care?&lt;br /&gt;&lt;br /&gt;I am close to suicide.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115912711566546406?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115912711566546406/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115912711566546406' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115912711566546406'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115912711566546406'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/this-is-becoming-writing-space-of.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115912094154592874</id><published>2006-09-25T01:59:00.000+08:00</published><updated>2006-09-25T02:02:21.546+08:00</updated><title type='text'>Sign @ State Theatre, St. Petersberg. US</title><content type='html'>&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/673882c8-8e12-4b20-bb6f-4019dece30b7.0.jpg"&gt;&lt;img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://photos1.blogger.com/blogger/7370/3767/320/673882c8-8e12-4b20-bb6f-4019dece30b7.0.jpg" alt="" border="0" /&gt;&lt;/a&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115912094154592874?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115912094154592874/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115912094154592874' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115912094154592874'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115912094154592874'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/sign-state-theatre-st-petersberg-us.html' title='Sign @ State Theatre, St. Petersberg. US'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115894921082158263</id><published>2006-09-23T02:18:00.000+08:00</published><updated>2006-09-23T02:20:10.823+08:00</updated><title type='text'>想与爱</title><content type='html'>今天我想起了你。&lt;br /&gt;已经有一段日子没见到你了。&lt;br /&gt;想着你今天过得好吗？&lt;br /&gt;想着今天的你跟谁在一起。&lt;br /&gt;我并不知道为何,&lt;br /&gt;但想起你并不是一件能让我快乐的事。&lt;br /&gt;&lt;br /&gt;想你并不是你的错，&lt;br /&gt;而是我自己的软弱，&lt;br /&gt;是我对自己的残忍。&lt;br /&gt;相信你能够明白，&lt;br /&gt;相信能得到你的谅解。&lt;br /&gt;&lt;br /&gt;然而，&lt;br /&gt;在希望想你的日子能早点过去的当儿，&lt;br /&gt;也希望在还没忘记你的时间里能想你多一些。&lt;br /&gt;想着你那美丽的笑容。&lt;br /&gt;想着你那可爱的小眼。&lt;br /&gt;想着你那倔强的脾气。&lt;br /&gt;想着我们曾经拥有过的美好。&lt;br /&gt;因为我毕竟为了你而再一次看见了幸福。&lt;br /&gt;&lt;br /&gt;快乐的时光，&lt;br /&gt;在回忆里，&lt;br /&gt;是永远那么的短暂。&lt;br /&gt;尤其是我们之间的快乐，&lt;br /&gt;有如一阵风，&lt;br /&gt;一眨眼就过去了。&lt;br /&gt;短得认人觉得特别美，&lt;br /&gt;特别难以忘怀。&lt;br /&gt;&lt;br /&gt;我变了，&lt;br /&gt;爱变了。&lt;br /&gt;是你相信的爱是事实，&lt;br /&gt;还是我想信的爱是真爱，&lt;br /&gt;我没有答案。&lt;br /&gt;只有继续的相信，&lt;br /&gt;走着以往的路。&lt;br /&gt;如果有一天你知道了答案，&lt;br /&gt;能告诉我吗？&lt;br /&gt;还是只有亲身体验才能真正明白？&lt;br /&gt;&lt;br /&gt;现在，&lt;br /&gt;喜欢你是事实，&lt;br /&gt;没结果是结论，&lt;br /&gt;希望你能快乐是我的快乐，&lt;br /&gt;希望你能有一天能相信爱是我的相信。&lt;br /&gt;走到了这里，&lt;br /&gt;我也只能祝福你，&lt;br /&gt;我也只能祝福自己，&lt;br /&gt;相信着我们有一天都能找到幸福。&lt;br /&gt;&lt;br /&gt;终&lt;br /&gt;&lt;br /&gt;天真笔&lt;br /&gt;20日9月2006年&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115894921082158263?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115894921082158263/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115894921082158263' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115894921082158263'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115894921082158263'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/blog-post_23.html' title='想与爱'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115885163881733065</id><published>2006-09-21T23:13:00.000+08:00</published><updated>2006-09-23T02:21:55.220+08:00</updated><title type='text'>e best of chinese hip hop Act One. Bring Jay in !!!</title><content type='html'>&lt;img src="file:///C:/DOCUME%7E1/HARPER%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg" alt="" /&gt;&lt;img src="file:///C:/DOCUME%7E1/HARPER%7E1/LOCALS%7E1/Temp/moz-screenshot-1.jpg" alt="" /&gt;&lt;object height="350" width="425"&gt;&lt;param name="movie" value="http://www.youtube.com/v/OKZlzeregfg"&gt;&lt;param name="wmode" value="transparent"&gt;&lt;embed src="http://www.youtube.com/v/OKZlzeregfg" type="application/x-shockwave-flash" wmode="transparent" height="350" width="425"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115885163881733065?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115885163881733065/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115885163881733065' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115885163881733065'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115885163881733065'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/e-best-of-chinese-hip-hop-act-one.html' title='e best of chinese hip hop Act One. Bring Jay in !!!'/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115881216015919345</id><published>2006-09-21T12:14:00.000+08:00</published><updated>2006-09-21T12:17:45.660+08:00</updated><title type='text'></title><content type='html'>&lt;p class="header"&gt;Military seizes power in Thailand, ousts PM&lt;br /&gt;&lt;span class="update"&gt;Posted: 20 September 2006 0931 hrs &lt;/span&gt;&lt;/p&gt;  &lt;table align="right" border="0" cellpadding="0" cellspacing="0" width="260"&gt;  &lt;tbody&gt;&lt;tr&gt; &lt;td align="right" width="20"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td align="right" width="240"&gt;&lt;img src="http://www.channelnewsasia.com/imagegallery/store/phpHBgTRn.jpg" id="_Ath_Slide" onload="OnImgLoad()" /&gt;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td height="60" valign="top"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td class="update" height="60" valign="top"&gt; &lt;table border="0" cellpadding="0" cellspacing="0" width="100%"&gt; &lt;tbody&gt;&lt;tr&gt; &lt;td bgcolor="#f6f6f6" width="138"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td bgcolor="#f6f6f6" width="47"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td bgcolor="#f6f6f6" width="18"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td bgcolor="#f6f6f6" width="19"&gt;&lt;br /&gt;&lt;/td&gt; &lt;td bgcolor="#f6f6f6" width="18"&gt;&lt;br /&gt;&lt;/td&gt; &lt;/tr&gt; &lt;/tbody&gt;&lt;/table&gt; &lt;img src="http://www.channelnewsasia.com/images/dotline_240.gif" height="3" width="240" /&gt;&lt;br /&gt;&lt;span id="_Ath_FileName"&gt;Thai soldiers take up their positions at the Channel 5 television station in Bangkok following a coup&lt;/span&gt;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td&gt;&lt;br /&gt;&lt;/td&gt; &lt;td class="update"&gt;&lt;br /&gt;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td&gt;&lt;br /&gt;&lt;/td&gt; &lt;td&gt;&lt;br /&gt;&lt;/td&gt; &lt;/tr&gt; &lt;/tbody&gt; &lt;/table&gt;   &lt;p&gt;  &lt;/p&gt;  &lt;p&gt;   &lt;font&gt;BANGKOK - Thailand's armed forces have seized power from Prime Minister Thaksin Shinawatra in a late-night bloodless coup, revoking the constitution and imposing martial law after months of political turmoil.&lt;br /&gt;&lt;br /&gt;Tanks surrounded the offices of Thaksin, who was out of the country in New York, while heavily-armed troops -- wearing yellow scarves to show their allegiance to Thailand's revered king -- stood guard at key points Wednesday.&lt;br /&gt;&lt;br /&gt;Coup leaders declared Wednesday a national holiday and ordered top civil servants and key business chiefs to a 9:00 am (0200 GMT) meeting at military headquarters "to learn about the new policy".&lt;br /&gt;&lt;br /&gt;Officials at the royal palace said top military commanders, including the head of the army, General Sonthi Boonyaratglin, had met the influential King Bhumibol Adulyadej after announcing the coup late Tuesday.&lt;br /&gt;&lt;br /&gt;UN Secretary General Kofi Annan criticised the coup and urged Thais "to remain calm."&lt;br /&gt;&lt;br /&gt;"I don't have the details but this is not a practice to be encouraged," he told CNN television on the sidelines of the UN General Assembly in New York.&lt;br /&gt;&lt;br /&gt;Australian Foreign Minister Alexander Downer denounced what he called an "unacceptable" power grab.&lt;br /&gt;&lt;br /&gt;"It is of grave concern for us that the government has been overthrown in this way," he told the Australian Broadcasting Corporation.&lt;br /&gt;&lt;br /&gt;"There was an expectation in Thailand that there would be an election towards the end of this year and it is of concern to us that the military appear to have simply seized power."&lt;br /&gt;&lt;br /&gt;The European Union also demanded an immediate return to "democratic order", while airlines and travel companies expressed concern and governments urged tourists to be wary and avoid demonstrations.&lt;br /&gt;&lt;br /&gt;The uprising capped months of uncertainty and discontent with Thaksin, who was accused of corruption after his family sold nearly two billion dollars of shares in his company earlier this year without paying any tax.&lt;br /&gt;&lt;br /&gt;It was not immediately clear if Sonthi had taken over as premier, but a statement in his name read out on state television and radio declared that Thaksin's controversial time in power was over.&lt;br /&gt;&lt;br /&gt;The statement said a provisional "Council for Political Reform" had taken action to restore law and order, effective immediately.&lt;br /&gt;&lt;br /&gt;"The council found it necessary to seize power as of now," it said. "As the country has no prime minister, all legal powers authorized by law to the prime minister must be transferred to the leader of the Council."&lt;br /&gt;&lt;br /&gt;As well as the corruption allegations, Thaksin has also come under fierce criticism for his handling of a militant Islamic uprising in the south of the country.&lt;br /&gt;&lt;br /&gt;More than 1,400 people have been killed in nearly three years of violence which has intensified despite an imposition of martial law in some areas.&lt;br /&gt;&lt;br /&gt;From the sidelines of the UN meeting in New York, Thaksin insisted he was still in power.&lt;br /&gt;&lt;br /&gt;"He feels that he is the elected prime minister and he would like to safeguard the constitution of the country," an official from his delegation said.&lt;br /&gt;&lt;br /&gt;However, Thaksin cancelled his speech at the UN and a government spokesman said he had not yet decided whether to return to Thailand from New York, where he has been holed up in an upmarket hotel.&lt;br /&gt;&lt;br /&gt;Thaksin still has an official plane at his disposal. He also has a private residence in London and his wife Potjaman reportedly left Bangkok for Singapore late Tuesday.&lt;br /&gt;&lt;br /&gt;In the Thai capital, the coup leaders declared "a holiday for government, banks and the stock exchange in order to quickly restore law and order."&lt;br /&gt;&lt;br /&gt;Provincial governors and top local officials were also ordered to report to regional military commands or face "serious punishment."&lt;br /&gt;&lt;br /&gt;On the streets, many people were unsure what it all meant. They leaned out of windows shouting at one another, trying to make sense of the changes.&lt;br /&gt;&lt;br /&gt;"It's just the news," said a chicken vendor. "Tomorrow everything will be back to normal. Everything is OK because we have a king."&lt;br /&gt;&lt;br /&gt;"I was very surprised. I didn't think that this could happen right now," said Somchai, a 51-year-old pancake vendor who said he had heard the news on the radio.&lt;br /&gt;&lt;br /&gt;"I'm not scared because I don't see any tanks or bombs or explosions."&lt;br /&gt;&lt;br /&gt;Not known for political stability, Thailand has lived through more than a dozen coups in recent times, although this was the first for 15 years.&lt;br /&gt;&lt;br /&gt;Thaksin temporarily resigned and called new elections in April to draw a line under the crisis but the vote descended into chaos amid a boycott by his opponents.&lt;br /&gt;&lt;br /&gt;The premier repeatedly dismissed criticism of his leadership and rejected allegations of wrongdoing in his family's stock sale. - AFP/ir&lt;br /&gt;&lt;/span&gt;&lt;/p&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;  &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;p&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;br /&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt; &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;p&gt;&lt;span style="color: rgb(0, 0, 153);"&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;Bq: Unbelievable.&lt;br /&gt;Can drop the idea of going to Bangkok for a holiday.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;font&gt;&lt;br /&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115881216015919345?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115881216015919345/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115881216015919345' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115881216015919345'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115881216015919345'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/military-seizes-power-in-thailand.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115855495580643710</id><published>2006-09-18T12:48:00.000+08:00</published><updated>2006-09-18T12:50:22.516+08:00</updated><title type='text'></title><content type='html'>&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/tigerlilysmile.jpg"&gt;&lt;img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://photos1.blogger.com/blogger/7370/3767/320/tigerlilysmile.jpg" alt="" border="0" /&gt;&lt;/a&gt;This is a picture of Cheshire! Ain't he cute?&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115855495580643710?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115855495580643710/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115855495580643710' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115855495580643710'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115855495580643710'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/this-is-picture-of-cheshire-aint-he.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115851376978414005</id><published>2006-09-18T01:15:00.000+08:00</published><updated>2006-09-18T01:22:49.800+08:00</updated><title type='text'></title><content type='html'>Love!&lt;br /&gt;&lt;br /&gt;What exactly is love?&lt;br /&gt;&lt;br /&gt;Why must love be so sweet and yet so hurting?&lt;br /&gt;&lt;br /&gt;Why can't love be just a plain simple process of happiness?&lt;br /&gt;&lt;br /&gt;Why do people fall in love but yet they won't treasure their loved ones after a period of time?&lt;br /&gt;&lt;br /&gt;Why do people put in so much effort in chasing after the ones they loved but changed after being together?&lt;br /&gt;&lt;br /&gt;There's only one word to sum it up. Love is blind!&lt;br /&gt;&lt;br /&gt;Remember to cherish the people by your side. Always make them feel loved and cared for.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115851376978414005?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115851376978414005/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115851376978414005' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115851376978414005'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115851376978414005'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/love-what-exactly-is-love-why-must.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115850767325353126</id><published>2006-09-17T23:40:00.000+08:00</published><updated>2006-09-17T23:41:13.263+08:00</updated><title type='text'></title><content type='html'>Woman falls onto MRT tracks; man held&lt;br /&gt;&lt;br /&gt;&lt;br /&gt; By K.C. Vijayan&lt;br /&gt; Sep 15, 2006&lt;br /&gt; The Straits Times&lt;br /&gt;&lt;br /&gt; A WOMAN escaped with minor injuries yesterday after being allegedly pushed off a platform and onto the tracks at Clementi MRT station.&lt;br /&gt; Shouting as she fell, the woman quickly pulled herself up and managed to reach the far side just as a train pulled into the station at 7pm.&lt;br /&gt;&lt;br /&gt; The alarm was raised and SMRT staff helped her back onto the platform.&lt;br /&gt;&lt;br /&gt; &lt;br /&gt; Moments before the incident, a commuter overheard the 26-year-old woman telling a male companion in Mandarin: 'Don't push me.'&lt;br /&gt;&lt;br /&gt; Another commuter standing nearby chased the suspect as he began to move away from the scene.&lt;br /&gt;&lt;br /&gt; Others rushed to help and held down the suspect, also 26, until police arrived.&lt;br /&gt;&lt;br /&gt; He was arrested, and investigations are under way, said police spokesman Mohd Razif.&lt;br /&gt;&lt;br /&gt; Train services were disrupted for about 10 minutes, said an SMRT spokesman.&lt;br /&gt;&lt;br /&gt; The woman, believed to be in shock, was taken to the National University Hospital.&lt;br /&gt;&lt;br /&gt; She suffered bruises to her left forearm and complained of numbness in her right leg.&lt;br /&gt;&lt;br /&gt; Commuter Geraldine Ong, 28, who was waiting for the same train as the couple, said: 'I was horrified when I saw her on the tracks.&lt;br /&gt;&lt;br /&gt; 'The couple may have been fooling around, but this is very dangerous.'&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="color: rgb(51, 0, 153);"&gt;Bq: Why would someone want a boyfriend like that?&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115850767325353126?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115850767325353126/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115850767325353126' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115850767325353126'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115850767325353126'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/woman-falls-onto-mrt-tracks-man-held.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115840108001835459</id><published>2006-09-16T17:48:00.000+08:00</published><updated>2006-09-16T20:00:27.910+08:00</updated><title type='text'></title><content type='html'>&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/Speyesopen.0.jpg"&gt;&lt;img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://photos1.blogger.com/blogger/7370/3767/320/Speyesopen.jpg" alt="" border="0" /&gt;&lt;/a&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;Song: Chasing Cars&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;Band: Snow Patrol&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;Album: Eyes Open&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;Lyrics: &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt;We'll do it all, everything, on our own.&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; We don't need anything, or anyone.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; If I lay here, if I just lay here&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Would you lie with me, and just forget the world.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; I don't quite know how to say how I feel&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Those three words, are said too much, they're not enough.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; If I lay here, if I just lay here&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Would you lie with me, and just forget the world.&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Forget what we're told, before we get too old&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Show me a garden that's bursting into life.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Let's waste time, chasing cars, around our heads.&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; I need your grace to remind me, to find my own.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; If I lay here, if I just lay here&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Would you lie with me, and just forget the world.&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Forget what we're told, before we get too old&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Show me a garden that's bursting into life.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; All that I am, all that I ever was &lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Is here in your perfect eyes, they're all I can see&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; I don't know where, confused about how as well&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; just know that these things will never change for us at all.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; If I lay here, if I just lay here&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;"&gt; Would you lie with me, and just forget the world.&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family:courier new;"&gt;Ches: It's ironic how songs like this come into my life at such a time. Without doubt, this is one of the better songs in this album. First heard of it from the stero of &lt;span style="font-weight: bold;"&gt;Daniel&lt;/span&gt;'s car, reminding me of Coldplay. After listening to the lyrics, it's quite a good song! Radio stations must be over playing this song. Nevertheless, you folks should spend some time with this song.&lt;br /&gt;&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;Some interpretations i found:&lt;/span&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;This song is a tearjerker, showing what a perfect reltionship all bout. Like any good songs,  lyrics are open to multiple interpretations &amp; this song refers to those beautiful summer evenings getting to know someone, hoping there's mutual feeling &amp;amp; living in those moments forever. Everyone wants to ignore all the bad things in life &amp; the song probably says a girl helped guy forget something bad. Without question an amazing song.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-style: italic;font-family:courier new;" &gt;I simply love it.&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115840108001835459?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115840108001835459/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115840108001835459' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115840108001835459'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115840108001835459'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/song-chasing-cars-band-snow-patrol.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115834609959401238</id><published>2006-09-16T02:46:00.000+08:00</published><updated>2006-09-16T11:55:21.253+08:00</updated><title type='text'></title><content type='html'>迪克头王子:&lt;br /&gt;Twice bitten, never mind.&lt;br /&gt;Thrice bitten, go &amp; die,&lt;br /&gt;Muahaha.&lt;br /&gt;It ryhmes!!!&lt;br /&gt;&lt;br /&gt;Anyway, it's time to spread the news bout the blog. Come on, &lt;span style="font-weight: bold;"&gt;Tell All Your Friends&lt;/span&gt;.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115834609959401238?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115834609959401238/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115834609959401238' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115834609959401238'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115834609959401238'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/twice-bitten-never-mind.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115830487709036097</id><published>2006-09-15T15:19:00.000+08:00</published><updated>2006-09-15T15:21:17.096+08:00</updated><title type='text'></title><content type='html'>圣杯: A note of advice from the wisest.. =). Life always sucks. Enjoy life while it lasts!!&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115830487709036097?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115830487709036097/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115830487709036097' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115830487709036097'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115830487709036097'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/note-of-advice-from-wisest.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115825305230823488</id><published>2006-09-15T00:54:00.000+08:00</published><updated>2006-09-15T00:57:32.316+08:00</updated><title type='text'></title><content type='html'>毛毛迪克头: Once bitten twice shy.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115825305230823488?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115825305230823488/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115825305230823488' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115825305230823488'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115825305230823488'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/once-bitten-twice-shy.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115824745271122661</id><published>2006-09-14T23:18:00.000+08:00</published><updated>2006-09-14T23:24:12.733+08:00</updated><title type='text'></title><content type='html'>迪克头: Been literally slapped in the face again. This time, it's over. Don't bring it up anymore. The remaining of my pride is for myself, not for anyone else. I'm sick of asking.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115824745271122661?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115824745271122661/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115824745271122661' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115824745271122661'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115824745271122661'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/been-literally-slapped-in-face-again.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115824204212390985</id><published>2006-09-14T21:51:00.000+08:00</published><updated>2006-09-14T21:56:52.393+08:00</updated><title type='text'></title><content type='html'>Boqiang: This is my favourite Jay Chou song in his new album so far...&lt;br /&gt;&lt;br /&gt;&lt;div class="BlueBG"&gt;&lt;strong&gt;歌曲：&lt;/strong&gt;&lt;b&gt;&lt;span style="color: rgb(225, 9, 0);"&gt;心雨&lt;/span&gt;&lt;/b&gt;&lt;strong&gt;&lt;br /&gt;&lt;br /&gt;歌手：&lt;/strong&gt;&lt;a href="http://mp3.baidu.com/m?tn=baidump3&amp;ct=134217728&amp;amp;lm=-1&amp;word=%D6%DC%BD%DC%C2%D7"&gt;周杰伦&lt;/a&gt; &lt;strong&gt;专辑：&lt;/strong&gt;&lt;a href="http://mp3.baidu.com/m?tn=baidump3&amp;amp;ct=134217728&amp;lm=-1&amp;amp;word=%D2%C0%C8%BB%B7%B6%CC%D8%CE%F7"&gt;依然范特西&lt;/a&gt; &lt;div style="padding-top: 10px; padding-left: 15px;"&gt; &lt;/div&gt;&lt;br /&gt;&lt;/div&gt; &lt;b&gt;&lt;span style="color: rgb(225, 9, 0);"&gt;&lt;/span&gt;&lt;/b&gt;上梢的黑月牙&lt;br /&gt;白色的竹篱笆&lt;br /&gt;好想告诉我的她&lt;br /&gt;这里像幅画&lt;br /&gt;去年的圣诞卡&lt;br /&gt;记忆在你的芜杂&lt;br /&gt;画面开始没有她&lt;br /&gt;我还在装傻&lt;br /&gt;说好为我跑挖草&lt;br /&gt;学习摆弄它&lt;br /&gt;学生宿舍空荡荡的角&lt;br /&gt;守着电话却等不到她&lt;br /&gt;心里的雨倾盆的下&lt;br /&gt;也沾不湿她的发&lt;br /&gt;本应该明显跟上的牵挂&lt;br /&gt;那伤心原来没有时差&lt;br /&gt;心里的雨倾盆的下&lt;br /&gt;却始终淋不到她&lt;br /&gt;寒风经过院子里的枝芽&lt;br /&gt;也冷却了我手中的鲜花&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115824204212390985?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115824204212390985/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115824204212390985' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115824204212390985'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115824204212390985'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/boqiang-this-is-my-favourite-jay-chou.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115807926706391176</id><published>2006-09-13T00:34:00.000+08:00</published><updated>2006-09-13T00:41:07.070+08:00</updated><title type='text'></title><content type='html'>&lt;strong&gt;von&lt;/strong&gt;: That's it.. The 2 dicks have been pestering me this holy grail to write an entry &amp; upload our 'infamous' pictures. I was telling them,"How can the holy grail appear so soon right?" Alright, i'm being super lame right now.&lt;br /&gt;&lt;br /&gt;Enjoy our little pic which we took at PS. Had a hard time with the camera &amp;amp; backgrounds so better appreciate them. Where else can u find 2 dicks and a holy grail? wahahaha.&lt;br /&gt;&lt;br /&gt;&lt;img style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://photos1.blogger.com/blogger/7370/3767/400/scan.jpg" border="0" /&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115807926706391176?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115807926706391176/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115807926706391176' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115807926706391176'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115807926706391176'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/von-thats-it.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115807906120885010</id><published>2006-09-13T00:33:00.000+08:00</published><updated>2006-09-13T00:37:41.216+08:00</updated><title type='text'></title><content type='html'>&lt;a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/7370/3767/1600/Fantasy-2.jpg"&gt;&lt;img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://photos1.blogger.com/blogger/7370/3767/400/Fantasy-2.jpg" alt="" border="0" /&gt;&lt;/a&gt;Ches: Our first pic &amp; it's our beloved &lt;span style="font-weight: bold;"&gt;Jay&lt;/span&gt;.&lt;br /&gt;Damn handsome. Damn cool. Just like what's this blog all bout. Mauhaha.&lt;br /&gt;For his new album, i realli liked 听妈妈的话. That's the only song i've been listenin' to. Well, more updates to follow. Though &lt;span style="font-weight: bold;"&gt;Bq&lt;/span&gt; has other views.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115807906120885010?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115807906120885010/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115807906120885010' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115807906120885010'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115807906120885010'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/ches-our-first-pic-its-our-beloved-jay.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115803773625750306</id><published>2006-09-12T12:49:00.000+08:00</published><updated>2006-09-12T16:03:38.346+08:00</updated><title type='text'></title><content type='html'>小猪:&lt;br /&gt;&lt;br /&gt;一个不可能的爱情,&lt;br /&gt;在饭前 所说的话,&lt;br /&gt;好友正确的说出对你的感觉,&lt;br /&gt;&lt;strong&gt;&lt;/strong&gt;一个開不了口的爱慕.&lt;br /&gt;&lt;br /&gt;看见你可愛的模樣,&lt;br /&gt;闻到妳身上香香的发味,&lt;br /&gt;心里不知不觉地笑起,&lt;br /&gt;现在只有回憶的甜.&lt;br /&gt;&lt;br /&gt;逗妳笑 , 聽妳撒嬌,&lt;br /&gt;人生似乎只有妳的存在,&lt;br /&gt;但還是同样的四个字.&lt;br /&gt;&lt;br /&gt;我没有勇敢,&lt;br /&gt;直觉也不对,&lt;br /&gt;想放弃,&lt;br /&gt;然而心還有癢癢的.&lt;br /&gt;&lt;br /&gt;孙燕姿说感觉对了要出发,&lt;br /&gt;我 卻告别了感觉.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115803773625750306?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115803773625750306/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115803773625750306' title='2 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115803773625750306'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115803773625750306'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/blog-post.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>2</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115799690978516096</id><published>2006-09-12T01:43:00.000+08:00</published><updated>2006-09-12T01:49:09.420+08:00</updated><title type='text'></title><content type='html'>&lt;span style="color: rgb(0, 0, 153);"&gt;Boqiang: I'm dick number 2! Cheshire and Von, let's not publicise this blog until we get our sitemeter, tagboard and blogskin properly done!&lt;/span&gt;&lt;br /&gt;&lt;span style="color: rgb(0, 0, 153);"&gt;Anyway, a great day to start a new blog. September the 11th! Muahahahahahaha!&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115799690978516096?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115799690978516096/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115799690978516096' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115799690978516096'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115799690978516096'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/boqiang-im-dick-number-2-cheshire-and.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-34220640.post-115799076230972078</id><published>2006-09-11T23:59:00.000+08:00</published><updated>2006-09-12T00:07:49.260+08:00</updated><title type='text'></title><content type='html'>Ches: I shall start things rollin' in this little blog our ours. &lt;span style="font-weight: bold;"&gt;Von&lt;/span&gt;, &lt;span style="font-weight: bold;"&gt;Bq&lt;/span&gt;, myself were chillin', hangin' ourselves at PS's mac when e topic of a common blog was brought up. Taa-da. Abracadabra!  The birth of this little writing space among three of us(actually four). With that, we came up with this name, Two Dicks &amp; a Holy Grail, a simple yet sophisticated title. There's no underlyin' meanin' with the title &amp;amp; everything's for fun!!! So so, all of us would update in this blog, with the intention of not having any intention. Mauhaha. Stay tuned.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/34220640-115799076230972078?l=twodicksandaholygrail.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://twodicksandaholygrail.blogspot.com/feeds/115799076230972078/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=34220640&amp;postID=115799076230972078' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115799076230972078'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/34220640/posts/default/115799076230972078'/><link rel='alternate' type='text/html' href='http://twodicksandaholygrail.blogspot.com/2006/09/ches-i-shall-start-things-rollin-in.html' title=''/><author><name>Two Dicks &amp;amp; a Holy Grail</name><uri>http://www.blogger.com/profile/13103538086050985428</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry></feed>
