Slides Fundamentals of Investments - Chapter 4 doc

... Funds 4 - 34 McGraw Hill / Irwin © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 4 - 37 Chapter Review  Investment Companies and Fund Types Î Open-End versus ... edition Fundamentals of Investments Valuation & Management Charles J. Corrado Bradford D.Jordan McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu Mutual Fund Objectives...

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... EquityAssets 1000 WM shares $ 24, 000 Margin loan $ 6,000 Account equity 18,000 Total $ 24, 000 Total $ 24, 000 © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 2 - 34 Work the Web  ... Issues © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 2 - 14 Margin Accounts  In a margin purchase, the portion of the value...

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... 7 3 / 4 07 …… 7.8 56 100 + 1 / 4 ATT 8 1 / 8 22 …… 8.6 43 3 94 1 / 8 + 5 / 8 ATT 8 1 / 8 24 …… 8.7 45 3 93 3 / 4 – 8.6 Current yield = annual coupon current price 43 3 The actual number of ... at: http://www.cnbc.com © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 3 - 4 Interest-Bearing Assets Fixed-income securities Longer-term...

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... Bonds second edition Fundamentals of Investments Valuation & Management Charles J. Corrado Bradford D.Jordan McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu Types of Corporate Bonds 11 - 10 McGraw ... (normally set at par value) on any of a sequence of prespecified dates. Such bonds are often called extendible bonds. Î Bond-to-stock conversion provisions - Conv...

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... by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 12 - 44 Taxable Municipal Bonds  The Tax Reform Act of 1986 imposed notable restrictions on the types of municipal ... for T-bills, notes, and bonds. © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 12 - 6 U.S. T-Bills, Notes, Bonds, and STRIPS Treasury Bills  are sh...

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... maturity.  For a pool of 30-year mortgages, Prepayment Schedule Average Mortgage Life (years) 50 PSA 20 .40 100 PSA 14. 68 200 PSA 8.87 40 0 PSA 4. 88 © 2002 by The McGraw-Hill Companies, Inc. All ... reserved. McGraw Hill / Irwin 13 - 41 Chapter Review  A Brief History of Mortgage-Backed Securities  Fixed-Rate Mortgages Î Fixed-Rate Mortgage Amortization Î Fixed-Rate Mortga...

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... Portfolio Risk Î More on Correlation and the Risk-Return Trade- Off © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 17 - 29 Chapter Review  The Markowitz Efficient ... Hill / Irwin Slides by Yee-Tien (Ted) Fu © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 17 - 15 Why Diversification Works © 2002 by The McGra...

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... McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 - 34 Where Do Betas Come From? © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 - 4 Announcements ... offers a reward-to-risk ratio of 7.50%. In other words, asset A has a risk premium of 7.50% per “unit” of systematic risk. ( ) %50.7 6.1 %8%20 β = − = − = A fA RRE ©...

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... the futures price is 12 5-2 0/32, you have a loss of 13 0-0 4/ 32 - 12 5-2 0/32 = 4- 1 6/32 per $100 par value, or 4- 1 6/32 × 1,000 = $4, 500 per contract. Your total loss is thus $4, 500 × 5 contracts, or ... 69 1 / 4 39 7 / 8 35 Dec 5 7 39 7 / 8 40 Sep 707 1 3 / 8 142 1 1 / 2 39 7 / 8 40 Oct 598 2 7 / 8 30 2 7 / 16 39 7 / 8 40 Dec 47 3 5 / 8 25 3 3 / 8 39 7 / 8 45...

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... higher. CHECK THIS 4. 3a What is the difference between a load fund and a no-load fund? 4. 3b What are 12b-1 fees? 4. 4 Short-Term Funds Mutual funds are usually divided into two major groups, short-term funds ... market funds. CHECK THIS 4. 4a What is a money market mutual fund? What are the two types? 4. 4b How do money market funds maintain a constant net asset value? 34 CHAPTER...

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