Slides Fundamentals of Investments - Chapter 1 ppt

... dollar return = 48% of $1, 000 = $480  At the end of the year, the value of your $1, 000 investment is $1, 480. The Historical Record: A Closer Look 1 - 12 @2002 by the McGraw- Hill Companies Inc.All ... A Closer Look 1 - 11 @2002 by the McGraw- Hill Companies Inc.All rights reserved. McGraw Hill / Irwin The Historical Record: A Closer Look Figure 1. 3 1 - 10...

Ngày tải lên: 04/07/2014, 10:20

... Watch 3: 12 19 . Evans, F.C. (19 56). Ecosystem as the basic unit in ecology. Science 12 3: 11 27 11 28. Food and Agricultural Organisation. (19 81) . Agriculture: Towards 2000. Food and Agricul- tural ... Renement 17 4 6.4.3 Practicality and Application 17 7 References 17 8 Chapter 7 An Assessment of Health and Sustainability of a Smallholder- Dominated Tropical Highlands Ecosys...

Ngày tải lên: 18/06/2014, 19:20

... 20 years of dividends to be paid, and the current dividend is $10 . What is the value of the stock based on the constant growth rate model?  () () 86.243$ 08 .1 10 .1 1 10 .08. 10 .11 0$ 0 20 = ⎥ ⎥ ⎦ ⎤ ⎢ ⎢ ⎣ ⎡ ⎟ ⎠ ⎞ ⎜ ⎝ ⎛ − − × =V  ... ratio = 21. 6 × ( $1. 97 1. 153) = $49.06 * Late-2000 stock price = $89.88 © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw...

Ngày tải lên: 04/07/2014, 10:20

... strike price of $90 expiring in three months at $500 ($5 per share)?  Three months later, Case 2: $90 $0 0% -$ 500 -1 00% Case 3: $80 -$ 1, 000 -1 1. 11% -$ 500 -1 00% © 2002 by The McGraw-Hill Companies, ... rights reserved. McGraw Hill / Irwin 14 - 9 Buy Shares Buy Option Profit Return Profit Return Case 1: $10 0 $1, 000 11 .11 % $500 10 0% Why Options?  Shoul...

Ngày tải lên: 04/07/2014, 10:20

... McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 15 - 11 The Black-Scholes-Merton Option Pricing Model  The Black-Scholes-Merton option pricing model states the value of a ... Hill / Irwin 15 - 13 The Black-Scholes-Merton Option Pricing Model © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 15 - 21 Measuring the Imp...

Ngày tải lên: 04/07/2014, 10:20

... Co. (12 - 6) 2 = 36 (5 - 11 ) 2 = 36 (-4 - 6) 2 = 10 0 ( -1 5 - 11 ) 2 = 676 (0 - 6) 2 = 36 (10 - 11 ) 2 = 1 (20 - 6) 2 = 19 6 (38 - 11 ) 2 = 729 (2 - 6) 2 = 16 (17 - 11 ) 2 = 36 384 1, 478 Calculate ... stocks T-bonds (13 .70 - 12 .11 ) 2 = 2.53 (6.50 - 4.20) 2 = 5.29 (35.78 - 12 .11 ) 2 = 560.27 (4.52 -...

Ngày tải lên: 04/07/2014, 10:20

... balance sheet. Figure 7 .11 Adolph Coors Company Pro Forma 19 96 Income Statements Sales growth (%) +10 % -1 0% Net sales $1, 842, 917 $1, 507,8 41 Cost of goods sold 1 (1, 200,939) (982,587) Gross profit $6 41, 978 $525,254 Operating ... income $13 8,290 $ 21, 566 Other income 3,868 3,868 Net interest expense (10 , 518 ) (10 , 518 ) Pretax income $13 1,640 $14 , 916 Income tax 2 (53...

Ngày tải lên: 04/07/2014, 10:20

... predictor of what the interest rate will be. Thus, solving for the forward rate, we have (1 + r 2 ) 2 = (1 + r 1 ) (1 + f 1, 1 ) (1 + .07) 2 = (1 + .06) (1 + f 1, 1 ) and the forward rate is f 1, 1 = 1. 07 2 /1. 06 ... .0322 1. 544%  $15 ,205.56 / $984,794.44 3. 315 %  2 .14 7 × 1. 544% 1  EAR  1  .03 315 2 .14 7 2 .14 7  1. 03344 EAR  3.344% The discount is...

Ngày tải lên: 04/07/2014, 10:20

... quality, investment-grade bonds. Speculative Grade Bond Ratings Ba1 Ba2 Ba3 11 12 13 BB+ BB BB- Low credit quality, speculative-grade bonds. B1 B2 B3 14 15 16 B+ B B- Very low credit ... Aa3 A1 3 4 5 AA AA- A+ High credit quality, investment-grade bonds. A2 A3 Baa1 6 7 8 A A- BBB+ Upper-medium quality, investment-grade bonds. Baa2 Baa3 9 10...

Ngày tải lên: 04/07/2014, 10:20

...  $10 0,000× r/ 12 1  1 (1 r /12 ) T 12 Monthly payment  $10 0,000 ×0.08 /12 1  1 (1 0.08 /12 ) 360  $733.77 Monthly payment  $10 0,000 ×0.08 /12 1  1 (1 0.08 /12 ) 18 0  $955.66 value of ... principal-only 36 Chapter 13 Monthly payment  Mortgage balance×r /12 1  1 (1 r /12 ) T 12 Chapter 13 Mortgage-Backed Securities Questions and Problems Rev...

Ngày tải lên: 04/07/2014, 10:20