Slides Fundamentals of Investments - Chapter 9 pot

... Rates © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 9 - 9 Money Market Rates  Certificate of deposit (CD) - Large- denomination deposits of $100,000 or more at ... McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 9 - 35 Traditional Theories of the Term Structure Expectations theory The term structure of intere...

Ngày tải lên: 04/07/2014, 10:20

... margin 6 .90 % 9. 99% 3.13% ROA 5 .97 % 8.44% 2 .95 % ROE 10 .97 % 14 .95 % 4.75% BVPS $22 .91 $26.18 $23.38 EPS $2.51 $3 .91 $1.11 CFPS $4.62 $6.27 $3.47 © 2002 by The McGraw-Hill Companies, Inc. All rights ... McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 7 - 33 Adolph Coors Company Case Study Original + 10% – 10% Gross margin 40.88% 40.88% 40.88% Operating margi...

Ngày tải lên: 04/07/2014, 10:20

... Market Efficiency Î The Day -of- the-Week Effect Î The Amazing January Effect Î The October 198 7 Crash Î Performance of Professional Money Managers © 2002 by The McGraw-Hill Companies, Inc. All ... Fri Avg return: –.078% .035% . 098 % .026% .063% Average Daily S&P 500 Returns by Day of the Week July 196 2 - December 199 4 Dividends Not Included © 2002 by The McGraw-Hill Companies...

Ngày tải lên: 04/07/2014, 10:20

... needed. The sale of futures to offset potential losses from falling prices is called a short hedge.  When some commodity is needed in the future, the purchase of futures to offset potential losses ... Contracts second edition Fundamentals of Investments Valuation & Management Charles J. Corrado Bradford D.Jordan McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu © 20...

Ngày tải lên: 04/07/2014, 10:20

... to potential short-run losses. © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 19 - 24 More on Computing Value-at-Risk  In general, if T is the number of years, ( ) ( ) TRERE pTp × = , T pTp ×=σσ ,  ... Irwin 19 - 11 Comparing Performance Measures © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 19 - 2...

Ngày tải lên: 04/07/2014, 10:20

... invested $9, 900, your dollar loss is $9, 900 - $7,872 = $2,028. Your percentage return is -$ 2,028/ $9, 900 = -2 0.48 percent. If you had not leveraged your investment, you would have purchased $9, 900/$55 ... would have been worth 180 × $50 = $9, 000. You therefore would have lost $90 0, so your percentage return would have been -$ 90 0/ $9, 900 = -9 . 09 percent, compared...

Ngày tải lên: 04/07/2014, 10:20

... public). 20. NAV at IPO = $10(1 – . 09) = $9. 10 (P – $9. 10)/ $9. 10 = –.10 ; P = $8. 19 The value of your investment is 5,000($8. 19) = $40 ,95 0, a loss of $9, 050 in one day. 6 CHAPTER 4 1 Fidelity would probably ... (1 - Front-end load) × Offering price In other words, the NAV is 97 percent of the offering price. Since the NAV is $50, the offering price is $50/0 .97 = $51.5...

Ngày tải lên: 04/07/2014, 10:20

... increase the price to $271 .94 . This represents a trading profit of $ 29. 94 for each STRIPS you bought. Thus if you had bought 100 STRIPS your total profit is $2 ,99 4. STOCK-TRAK EXERCISES 1. Read ... shows, a discount yield of 5 percent and maturity of 90 days gives a current price of $98 7,500: The difference between the face value of $1 million and the price of $98 7,500 is...

Ngày tải lên: 04/07/2014, 10:20

... $1,000 principal: The price of the bond is the sum of the present values of coupons and principal: Bond price = $736.06 + $171 .93 = $90 7 .99 So, this bond sells for $90 7 .99 . Example 10.1: Calculating ... ( 199 2 CFA exam) a. actual maturity b. effective maturity c. calculated maturity d. near-term maturity 7. Duration Which statement is true for the Macaulay duration of a zero-c...

Ngày tải lên: 04/07/2014, 10:20

... ( 199 2). Compar- isons of MAGIC forecasts from 198 9 through 199 6 and annual average mea- sured values of key parameters in East (reference) and West (treatment) Bear Brooks from 198 9 through 199 2 ... Risdalsheia. The results of these model testing efforts have been described by Sullivan et al. ( 199 4, 199 6, 199 8), Cosby et al. ( 199 5, 199 6), and Sullivan and Cosby ( 199 5) and...

Ngày tải lên: 18/06/2014, 16:20