Getting started in bonds 2nd edition phần 2 ppt

... Savings Bonds Series HH Savings Bonds, unlike other savings bonds, are not accrual bonds; they are coupon bonds that pay out U.S. GOVERNMENT BONDS 26 issued January 1986 at 100; in June 20 02 ... falling as interest rates rise. This is because interest rates tend to rise when there is in a- tion in an attempt to keep in ation from getting out of control. Most bonds prin...

Ngày tải lên: 09/08/2014, 16:21

... (Muni/Treasury) 2 2.14% 3 .25 % 65.85% 5 3 .25 4.375 74 .29 7 3.76 4.50 83.56 10 4 .25 4.875 87.18 15 4. 82 5.00 96.40 20 4. 82 5 .25 91.81 30 5.15 5.375 95.81 June 20 02 rich expensive, pricey, costing more ... factor .25 ×.03 = .0075 Step 2 Federal tax rate – Adjustment factor = Adjusted federal tax rate .25 – .0075 = .24 25 = 24 .25 % Step 3 Adjusted federal tax rate + State t...

Ngày tải lên: 09/08/2014, 16:21

... into 1/ 32 increments; 2/ 32 is referred to as 1/16, 4/ 32 as 1/8, 8/ 32 as 1 / 4 , and 16/ 32 as 1 / 2 . In bond pricing notations, a price of 101- 02 is 101 2 / 32 (i.e., 101 1 / 16 , not 101 2 / 100 or ... × .0 725 ). $ 725 a year in interest, in other words, ($ 725 ÷ 2) or $3 62. 50 per semiannual interest payment. Corporate bonds use a 365-day year, so this bon...

Ngày tải lên: 09/08/2014, 16:21

... also the Index of Coincident Indicators and the Index of Lagging Indicators, neither of which individ- ually merits much more than a passing glance; old news usually isn’t pivotal news in the markets. ... a drop in the savings rate is bullish for bonds because it is interpreted to mean that the econ- omy has slowed, causing people to dip into their savings. Disposable income = Personal...

Ngày tải lên: 09/08/2014, 16:21

... and, 23 4 hit, 22 0 22 1 information resources, 22 5 multiple bids, 22 4 premium vs. discount, 22 5 22 6 price and, 23 6 23 7 procedures, overview, 22 0 22 5 settlement date, 22 3 on special, 22 2 22 3 spreads, ... investing: barbell, 24 8 24 9 compounding, 24 4 24 7 doubling your money, 24 3 ladder, 23 9 24 0 monthly income, 24 1 24 2 90–10 strategy, 24 2 24 3, 25 8 systemati...

Ngày tải lên: 09/08/2014, 16:21

... cm.—(The getting started in series) Includes index. ISBN 0-471 -27 123 -3 (pbk. : alk. paper) 1. Bonds. I. Title. II. Getting started in. HG4651 . W75 20 03 3 32. 63 &apos ;23 —dc21 20 020 324 35 Printed in the ... Hill Getting Started in 401(k) Investing by Paul Katzeff Getting Started in Security Analysis by Peter J. Klein Getting Started in Global Investi...

Ngày tải lên: 09/08/2014, 16:21

... the unsuspecting individual investor. RISKS OF INTERNATIONAL INVESTING As mentioned at the beginning of our discussion about international investing, when you invest in foreign bonds (or stocks), ... 0.51 32 0.1345 0.1103 AUD 1.7411 2. 6075 1.1 520 1.4359 1.1451 SELF 1.6901 0.8674 0 .22 74 0.1865 CAD 1. 520 5 2. 2771 1.0061 1 .25 40 SELF 0.8733 1.4760 0.7575 0.1986 0.1 629 JPY 121 .2...

Ngày tải lên: 09/08/2014, 16:21

... issue with a sinking fund matures in 8 years, but the sink- ing fund is used to retire $25 0,000 of the issue in 5 years, $25 0,000 in 6 years, and another $25 0,000 in 7 years. You don’t know which bonds ... Year –7.66 –10.90 –6.77 –4. 62 –1. 92 3 Year –8 .22 –11 .26 –5.68 –7.70 –3 .22 5 Year –1 .27 –4.78 2. 61 2. 40 –0.76 10 Year 6.10 1.95 1.67 3.06 2. 66 not want to get...

Ngày tải lên: 09/08/2014, 16:21

... discussed in Chapter 4, mortgage-backed bonds (MBSs) possess negative convexity. As interest rates drop and other bond prices are increasing, these bonds in- crease in value at a slower rate. As interest ... The nuance involved in predicting future in- terest rates comes from intuiting which indicators will exert the strongest in uence on the markets, which are best correlated...

Ngày tải lên: 09/08/2014, 16:21

... same. Investment advisers and brokers can be very helpful in as- sembling this type of portfolio. Also, some unit investment Inactive Approach 24 1 In 20 06 In 20 07 20 12 2011 20 11 20 11 20 10 20 10 20 10 20 09 ... 20 11 20 11 20 10 20 10 20 10 20 09 20 09 20 09 20 08 20 08 20 08 20 07 $ Reinvested Matures $ Paid Out FIGURE 16 .2 Reinvesting in the ladder. y...

Ngày tải lên: 09/08/2014, 16:21