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All those interested actions by no-nonsense pros go a long way towards helping cement in the public s psyche the notion that markets are amenable to quanti cation, that they can be modeled, that there can be theory-driven certainty. That is, academics and quants are not the only ones with clear-cut interests in promoting the view that nance is about math. Street-smart breadwinners roaming around trading oors can too bene t from the conventionalization of such assumptions. In this sense, a strange coalition is formed to push the theoretical agenda forward. We know who would bene t, but who would suffer On top of the potential pain in icted on the markets overall (i.e., all of us), the clients and investors of certain players may be doomed to doing badly. And there is no doubting the number one possible victim: truth.

If only the lateral pterygoid muscles are tender, they are probably fatigued (almost certainly due to the aggravation of preexisting myofascial pain) and unable to stretch to their normal relaxed length. Therefore, they hold the condyles in a slightly translated position, and the rst occlusal contact is often on the anterior teeth. In this situation, the TMJs are not tender to palpation, and the practitioner may be able to stretch the lateral pterygoid

The hedging function can be viewed as a means to convert the cheap security, which has a high weighted average return with a potentially large deviation over different interest rate paths, into a synthetic combination that has the same return, or spread, with very little deviation over all scenarios. Accomplishing this means eliminating the price risk, or the duration and convexity, of the portfolio. Hedging is a full-time job. As interest rates and prepayments vary, it is necessary to evaluate constantly the ef ciency and effectiveness of a hedge and to make adjustments as needed. A manager cannot sit back and observe. Hedging is an active process, as theory does not always apply in practice.

A foreign corporation that is not engaged in a trade or business within the United States is subject to a 30% withholding tax (or such lower tax rate as may be applicable under an income tax treaty between the United States and the foreign country in which the foreign corporation is resident) on the gross amount of certain investment income treated as derived from sources within the United States [Code secs 881(a) and 894] For this purpose, a foreign corporation will not be treated as engaged in a US trade or business merely because it invests and trades in securities and commodities for its own account through a broker located in the United States, regardless of whether the broker has discretionary trading authority with respect to the foreign corporation s account and regardless of the volume of trading activity [Code secs 864(b)(2)(A)(ii) and (B)(ii) and Treas Reg 1864-2(c)(2)].

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