Tài liệu Thị trường tài chính và các định chế tài chính Chapter 1 ppt

... filed 1 Chapter 24 Securities Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Investment ... sale of the entire issue  Flotation costs range from 0.5 to 3 percent of the value of the bonds 11 Investment Banking Services (cont’d)  How IBFs facilitate new bond offerings (cont’...

Ngày tải lên: 12/12/2013, 23:15

... Mexico 13 Computing the NAV Philly Mutual Fund has 50 million shares issued to its investors. It used the proceeds to buy stock in 10 0 different firms. These shares have a market value of $10 0 ... (cont’d) 17  Expenses incurred by shareholders (cont’d)  Expenses include:  Compensation to the portfolio managers and other employees  Record-keeping and clerical fees  Marketin...

Ngày tải lên: 12/12/2013, 23:15

... returns and high risk  Impact of the September 11 Crisis  September 11 caused businesses to cut their expansion plans and reduce their need for loans 12 Captive Finance Subsidiaries  A captive ... 1 Chapter 22 Consumer Finance Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10...

Ngày tải lên: 12/12/2013, 23:15

... FIRREA  ROA became positive in 19 91 and has increased since then  Capital ratio has increased substantially since 19 89  The number of SI failures has declined to less than 12 in each of the last ... and MMDAs  Since 19 81, SIs are allowed to offer NOW accounts as a result of DIDMCA  Since 19 82, SIs are allowed to offer MMDAs as a result of the Garn-St Germain Act  Since 19...

Ngày tải lên: 12/12/2013, 23:15

... measures the degree to which asset returns move in tandem ∑∑ = = = n i n j jijip RRCOVww 1 1 2 ),( σ 31 Managing Credit Risk (cont’d)  Diversifying credit risk (cont’d)  The covariance is equal ... a leverage measure of 13 , while Lodebt Bank has a leverage measure of 9. What is the ROE for each bank? %18 9%2 measure Leverage (ROA) assets on ReturnLodebt for ROE %2 613 %2 measure L...

Ngày tải lên: 12/12/2013, 23:15

... 23 cents to 31 cents per $10 0 of deposit  In 2003, three BIF-insured banks failed with total assets of $1. 1 billion  As of 2004, the BIF balance was about $34 billion  In 19 91, the Federal ... bank’s risk 1 Chapter 18 Bank Regulation Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 19...

Ngày tải lên: 12/12/2013, 23:15

... steps: 1. Borrow 10 million and convert to $11 ,11 1 ,11 1 2. Invest the $11 ,11 1 ,11 1 million for ten days at 6 percent annualized (or .16 67 percent over ten days), which will generate $11 ,12 9,630 3. ... days, convert the $11 ,12 9,630 into euros at the existing spot rate, which converts to 10 ,573 ,14 8 4. Pay back the loan of 10 million plus interest of 5 percent annualized ( .13...

Ngày tải lên: 12/12/2013, 23:15