chuong 2 quiz Thị trường tài chính và các định chế tài chính Madura

... rate  Depends on economic conditions  Less than 1 percent in the late 1990s  Exceeded 3 percent in 20 02 23 Corporate Bonds (cont’d)  Corporate bond yields and risk (cont’d)  Investor assessment of ... bonds 2 Chapter Outline  Background on bonds  Treasury and federal agency bonds  Municipal bonds  Corporate bonds  Institutional use of bond markets  Globalization of bond mar...

Ngày tải lên: 17/10/2013, 11:15

... is this bond’s bond price elasticity? 53.0 %7 %7%9 24 .27 3,1$ 24 .27 3,1$61.080,1$ in change percent in change percent −= − − = = k P p e 26 Sensitivity of Bond Prices to Interest Rate Movements ... duration of this bond? years 92. 1 )10.1( 090,1$ )10.1( 90$ )10.1( )2( 090,1$ )10.1( 90$ )1( )1( )( DUR 21 21 1 1 = + + = + + = ∑ ∑ = = n t t t n t t t k C k tC 28 Sensitivity of...

Ngày tải lên: 19/10/2013, 17:15

... quotations 23 Computing A Dividend Yield XYZ Corporation annual dividend is $1. 02 per share. XYZ’s prevailing stock price is $20 . What is the annual dividend yield of XYZ stock? %10.5 20 $ 02. 1$ price ... institutional investors  About 2 percent of IPO shares are offered as allotments to brokerage firms 12 Initial Public Offerings (cont’d)  Abuses in the IPO market  In 20...

Ngày tải lên: 23/10/2013, 15:15

... ECNs 26 Computing the Spread Your broker quotes a bid price of $28 .50 and an ask price of $29 .05 for Palmetto stock. What is the bid-ask spread? %89.1 05 .29 $ 50 .28 $05 .29 $ Spread = − = 27 How ... year period. What would the return on the margin transaction have been in this case? %18 25 $ 50$ .27 $25 $47$ −= +−− = +−− = INV DLOANINVSP R 11 Stock Market Transactions (cont’d)...

Ngày tải lên: 27/10/2013, 22:15

... of the stock according to the adjusted dividend discount model? 29 .54$ )13.1( 82. 78$ )13.1( 2$ )13.1( 2$ )13.1( 2$ )13.1( 2$ 44 321 = ++++=PV 16 Stock Valuation Methods (cont’d)  Adjusting the ... years? 82. 78$ 726 .11$ industry) of ratio (PE years)4 in Earnings( years4 in price Stock =×= ×= 15 Using the Adjusted Dividend Discount Model (cont’d) Parker is expected to pay...

Ngày tải lên: 27/10/2013, 22:15

... $1.5M $2. 5M Scenario 2 Year   1 2 3 4 LIBOR 6.5% 6.0% 5.0% 4.5% Floating rate received 7.5% 7.0% 6.0% 5.5% Fixed rate paid 8.0% 8.0% 8.0% 8.0% Swap differential –0.5% –1.0% 2. 0% 2. 5% Net ... 12 Scenario 1 Year   1 2 3 4 LIBOR 7.0% 7.5% 8.5% 9.5% Floating rate received         Fixed rate paid         Swap differential         Net dollar amount received         Scenario 2 Year  ...

Ngày tải lên: 06/11/2013, 08:15

... option premiums 12 Background on Options (cont’d)  Stock option quotations (cont’d) Strike Exp. Vol. Call Vol. Put McDonald’s 45 Jun 180 4 1 /2 60 2 3/4 45 Oct 70 5 3/4 120 3 3/4 50 Jun 360 ... exercise price of $53 and a premium of $2. If the stock price of XYZ stock is $47 when the option expires, what is Mary’s net gain? share per 4 $2$ 47$53$ =−− 2 Chapter Outline  Backgro...

Ngày tải lên: 06/11/2013, 08:15

...     Discount     Open High Low Settle Change Settle Change Open Sept 20 05 93.80 94.05 93.80 94.05 + .28 5.95 – .28 2, 519 12 Characteristic of Futures Contract Treasury Bond Futures Treasury ... point Minimum price fluctuation One thirty-second (1/ 32) of a point, or $31 .25 per contract One thirty-second (1/ 32) of a point, or $31 .25 per contract Daily trading limits Three points (...

Ngày tải lên: 06/11/2013, 08:15