© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Risk Management: An Introduction to Financial Engineering Chapter Twenty- Three

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.1

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.2

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.3

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.4

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.5

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.6

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.7

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.8

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.9

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.10

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.11

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.12

McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 23.13