Add training workflow, datasets, and runbook

training_data/curated/text/fa07c4fecb34c551e9bc03671d82a8d055461be27f1914c08e5867453225973a.txt

@@ -0,0 +1,35 @@
+Gopter 32: Structured Products 597 
+Cash value of SIS $10 + $10 x 1.15 x ($MID - 166.10) / 166.10 
+where 
+Guarantee price = $10 
+Underlying index: S&P Midcap 400 ($MID) 
+Striking price: 166.10 
+Participation rate: 115% of the increase of $MID above 166.10 
+SIS matured seven years later, on June 2, 2000. At the time of issuance, seven-year 
+interest rates were about 5.5%, so the "money in the bank" formula shows that one 
+could have made about 4.7 points on a $10 investment, just by utilizing risk-free gov­
+ernment securities: 
+Money in the bank= 10 x e0-055 x 7 = 14.70 
+We can't simply say that the cost of the imbedded call was 4. 7 points, though, because 
+the participation rate is not 100% - it's greater. So we need to find out the Final Value 
+of $MID that results in the cash value being equal to the "money in the bank" result. 
+Using the cash value formula and inserting all the terms except the final value of 
+$MID, we have the following equation. Note: $MIDMIB stands for the value of $MID 
+that results in the "money in the bank" cash value, as computed above. 
+14.70 = 10 + 10 X 1.15 X ($MIDMIB 166.10) I 166.10 
+Solving for $MIDMIB' we get a value of 233.98. Now, convert this to a percent 
+gain of the striking price: 
+Imbedded call price = 233.98 I 166.10 - 1 = 0.4087 
+Hence, the imbedded call costs 40.87% of the guarantee price. In this example, 
+where the guarantee price was $10, that means the imbedded call cost $4.087. 
+Thus, a more generalized formula for the value of the imbedded call can be 
+construed from this example. This formula only works, though, where the participa­
+tion rate is a fixed percentage of the strike price. 
+Imbedded call value= Guarantee price x (Final Index ValueMIB / Striking Price - 1) 
+Final Index ValueMIB is the final index price that results in the cash value 
+being equal to the "money in the bank" calculation, where 
+Money in the bank = Guarantee Price x ert 
+r = risk-free interest rate 
+t = time to maturity 
+Thus, the calculated value of the imbedded call was approximately 4.087 points, 
+which is an implied volatility of just over 26%. At the time, listed short-term options