essentials of investments with s p bind in card phần 2 doc

... fees and commissions. While all investment companies pool the assets of individual investors, they also need to divide claims to those assets among those investors. Investors buy shares in investment ... liabilities Shares outstanding 100 Part ONE Elements of Investments investment companies Financial intermediaries that invest the funds of individual investors in securities or ot...

Ngày tải lên: 10/08/2014, 07:21

... being diversified, be- cause the idea of investing in a mix of stocks, bonds and other financial assets meant missing out on some of the soaring gains of tech stocks. But with the collapse of ... deter- mine the optimal portfolio of risky assets by finding the portfolio that supports the steepest CAL. Finally, we choose an appropriate complete portfolio based on the investor s...

Ngày tải lên: 10/08/2014, 07:21

... sensitivity of a firm s earnings to the business cycle. First is the sensitivity of sales. Necessities will show little sensitivity to business conditions. Ex- amples of industries in this group ... earnings per share of $5. Growth Prospects rein- vested 60% of its earnings in prospects with an ROE of 15%, while Cash Cow paid out all of its earnings as dividends. Cash Cow...

Ngày tải lên: 10/08/2014, 07:21

... low-earnings periods of life? One way is to “store” your wealth in financial assets. In high-earnings periods, you can invest your savings in fi- nancial assets such as stocks and bonds. In low-earnings ... indexes Bodie−Kane−Marcus: Essentials of Investments, Fifth Edition I. Elements of Investments 1. Investments: Background and Issues © The McGraw−Hill Companies, 20...

Ngày tải lên: 10/08/2014, 07:21

... and profit to a straddle at expiration S T Payoff Payoff Payoff and profit Payoff Profit X A: Call B: Put C: Straddle S T S T Profit Profit Payoff P + C Ϫ (P + C ) Payoff X X ϪC X X X P X P C P Bodie−Kane−Marcus: ... closing price. The options exchanges, however, close with the NYSE, so the closing NYSE stock price is appropriate for comparison with the closing option price....

Ngày tải lên: 10/08/2014, 07:21

... the spot price might increase to $29 4, while the futures price increases to $29 8.50, so the basis narrows to $4.50. The in- vestor s gains and losses are as follows: Gain on holdings of gold (per ... used for hedging or speculating. Speculators use the contracts to take a stand on the ultimate price of an asset. Short hedgers take short positions in contracts to offset any gains o...

Ngày tải lên: 10/08/2014, 07:21

... the essentials of savings/investment plans and adapt them to environments in which investors confront both inflation and taxes. As a first step in the process, we set up a spreadsheet for a simple ... age. Calculation of benefits for individuals retiring in a given year is done in four steps: 1. The series of your taxed annual earnings (using the cap) is compiled. The status...

Ngày tải lên: 10/08/2014, 07:21

... portfolios. 21 .2 RISK FACTORS IN INTERNATIONAL INVESTING Opportunities in international investments do not come free of risk or of the cost of special- ized analysis. The risk factors that are ... measure, 686 PROBLEM SETS Questions 1–3 appeared in past CFA examinations. 1. A plan sponsor with a portfolio manager who invests in small-capitalization, high-growth stocks sho...

Ngày tải lên: 10/08/2014, 07:21

... McGraw−Hill Companies, 20 03 Related Websites http://www.ceoexpress.com This site provides a list of links related to all aspects of business, including extensive sites related to finance and investment. http://www.corpgov.net Dedicated ... Essentials of Investments, Fifth Edition I. Elements of Investments 1. Investments: Background and Issues © The McGraw−Hill Companies,...

Ngày tải lên: 28/06/2014, 21:20

... SmartCA.Model.Projects; using System.Windows.Data; using SmartCA.Infrastructure.UI; using SmartCA.Presentation.Views; using SmartCA.Application; namespace SmartCA.Presentation.ViewModels { public class SelectProjectViewModel ... declarations for the private class fields: using SmartCA.Infrastructure.Repositories; using Microsoft.VisualStudio.TestTools.UnitTesting; using SmartCA.Model.P...

Ngày tải lên: 09/08/2014, 12:22