Slides Fundamentals of Investments - Chapter 10 pdf

... McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 10 - 29 Properties of Duration © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 10 - 12 Work ... some of the fundamental tools of bond risk analysis used by fixed-income portfolio managers. Goal © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill /...

Ngày tải lên: 04/07/2014, 10:20

... bond has a YTM of 10% . (9% coupon & 5 years to maturity) What is the price? Is the bond selling at premium or discount? ()() $961.39 2 .10 1 100 0 2 .10 1 1 1 .10 90 priceBond 101 0 = + + ⎥ ⎥ ⎥ ⎦ ⎤ ⎢ ⎢ ⎢ ⎣ ⎡ + −= Now ... 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw Hill / Irwin 10 - 4 More on Bond Prices (cont’d) ()() $1,040.55 2 .08 1 100 0 2 .0...

Ngày tải lên: 04/07/2014, 10:20

... Janicek Co. (12 - 6) 2 = 36 (5 - 11) 2 = 36 (-4 - 6) 2 = 100 (-1 5 - 11) 2 = 676 (0 - 6) 2 = 36 (10 - 11) 2 = 1 (20 - 6) 2 = 196 (38 - 11) 2 = 729 (2 - 6) 2 = 16 (17 - 11) 2 = 36 384 ... large-cap 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 - 4.20) 2 = .10 (45.15...

Ngày tải lên: 04/07/2014, 10:20

... value of 105 instead of 100 ($1,050 versus $1,000) and will mature in 10 years. With these two changes, the procedure is exactly the same. We can try 8.5 percent, for example: 38 Chapter 10 This chapter ... time to call. To give a trial-and-error example, suppose a 20-year bond has a coupon of 8 percent, a price of 98, and is callable in 10 years. The call price is 105 ....

Ngày tải lên: 04/07/2014, 10:20

... a face value of $5,000. Coupon rate 6 percent Annual coupons of $300 per bond. Coupon dates 12/31, 6/30 Semiannual coupons of $150. Offering price 100 Offer price is 100 percent of par value. Yield ... tax-exempt yield of 5 percent on municipal bonds with an 10 Chapter 12 For example, suppose an inflation-indexed note is issued with a coupon rate of 3.5 percent and an initia...

Ngày tải lên: 04/07/2014, 10:20

... 202 10. 2.3 Fly Ash 203 10. 2.4 Sewage Sludge 204 10. 2.5 Groundwater 205 10. 3 Selenium Content of Seleniferous Soils 207 10. 4 Restoration of Selenium-Toxic Soils 208 10. 4.1 Bioremediation 208 10. 4.1.1 ... 199 10 Restoration of Selenium-Contaminated Soils K.S. Dhillon and S.K. Dhillon CONTENTS 10. 1 Introduction 200 10. 2 Source and Nature of Contamination 201 1...

Ngày tải lên: 18/06/2014, 19:20

... concentrations are often in root tis- sues (11,13,14,15). When corn (Zea mays L.) was grown in solution cultures at 10 Ϫ5 ,10 Ϫ4 , and 10 Ϫ3 M Cu 2ϩ , copper content of roots was 1.5, 8, and 1 0- fold greater ... Animal Nutrition 321 10. 6.1 Introduction 321 10. 6.2 Dietary Sources of Copper 321 10. 6.3 Metabolism of Copper Forms 321 10. 7 Copper and Human Health 322 10. 7.1...

Ngày tải lên: 02/07/2014, 00:20

Ngày tải lên: 02/07/2014, 22:20

... hypotheses of the general-equilibrium model—for example, the hypothesis of flexible prices so as to obtain non-Walrasian equilibria, or that of exchanges in equilibrium to obtain non-taˆtonnement ... the 1960s, the idea of a trade-off between efficiency and justice was taken up again both by economists an d by policy-makers. Arthur Okun, in Equality and Efficiency: The Big Trade-Off (197...

Ngày tải lên: 06/07/2014, 04:20

... that girls often do fall head over ears in love? If Mr. Brooks and I met continually, and if he and his father were A Prince of Sinners E. Phillips Oppenheim BOOK 3 CHAPTER 10 LADY ... they are a long-lived race. So you see the situation remains practically unaltered by what I have told you. Mr. Kingston Brooks is a great favourite of mine. I am very fond of him indeed. B...

Ngày tải lên: 06/07/2014, 05:20