A geological engineer has the job of designing mines to remove minerals (like metals and coal) in a safe and efficient way to use in utilities and manufacturing. These engineers also draw up technical reports for other engineers, managers, and miners.
DISCRETE DIVIDENDS IN EQUITY DERIVATIVES. One of the complications in equity derivative modelling is how to treat dividends. One of the complications in equity derivative modelling is how to treat dividends. On dividend payout, or ex div, dates, the underlying spot drops by the dividend amount, ignoring tax. This introduces discrete deterministic jumps into the geometric Brownian process assumed within the Black-Scholes framework. The underlying stochastic process in the presence of discrete dividend can be expressed as:
Definition. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth.