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<html><head>
<title>Open Visualization Data Explorer: Black-Scholes</title>
</head>
<body bgcolor="#dddddd">
<p>

<!-- The following applet describes npvcall.net.  It produces a representation 
     of the visual program's control panels and provides execution control.
-->
<table border = 0>
<tr>
<td>
Key option valuation information is available through this representation
of the portfolio's behavior over time.  Strike price and interest rate
have hardcoded values of $40.0 and 15% and the standard deviation of 
daily price fluctuations is fixed in this example.  The Black-Scholes
option valuation model is used to compute portfolio value.  Notice that
as time to maturity gets close to 0, the computed value falls off
rapidly. 
</td>
<td>
<applet
	code="npvcall.class" width = 280 height = 220
	codebase=../
	archive=htmlpages/dx.jar,htmlpages/samples.jar
	MAYSCRIPT=true
>
	<param name="name" value="npvcall">
	<param name=NETNAME value="npvcall.net">
	<param name=DXUIVERS value="4.1.1">
	<param name=BACKGROUND value="[0.86, 0.86, 0.86]">
	<param name=EXECUTE_ON_CHANGE value="true">
</applet>
</td>
</tr>
</table>
<table border = 2>
<tr bgcolor=black>
<td>
<applet
	code="imageWindow.class" width = 579 height = 518
	codebase=../
	archive=htmlpages/dx.jar
	MAYSCRIPT=true
>
	<param name=IMAGE_NODE value="Image_3">
	<param name=INITIAL_IMAGE value="htmlpages/npvcall3.0.0.gif">
</applet>
</td>
</tr>
</table>
</body>
</html>