essentials of investments with s p bind in card phần 9 ppt

... test of success of the efforts of the behaviorists is in explaining deviations of assets prices from predictions of classic theory. In the next section we provide an assessment of these efforts. 19. 3 ... 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 se...

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 ... Federal Reserve System, June 2001; Statistical Abstract of the United States: 2000, US Census Bureau. Bodie−Kane−Marcus: Essentials of Investments, Fifth Edition I. Eleme...

Ngày tải lên: 10/08/2014, 07:21

... 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 ... Value 197 2 197 4 197 6 197 8 198 0 198 2 198 4 198 6 198 8 199 0 199 2 199 4 199 6 199 8 2000 Bodie−Kane−Marcus: Essentials of Investments, Fifth Edition I. Elements...

Ngày tải lên: 10/08/2014, 07:21

... top-down approach, starting with asset allocation across a small set of broad asset classes, such as stocks, bonds, and money market securities. Then we show how the principles of optimal asset ... 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...

Ngày tải lên: 10/08/2014, 07:21

... 12.5 Earnings growth for two companies 6 5 4 3 2 1 0 Earnings per share ( 199 4 ϭ 1.0) 198 6 198 7 198 8 198 9 199 0 199 1 199 2 199 3 199 4 199 5 199 6 199 7 199 8 199 9 ConEd Sun Bodie−Kane−Marcus: Essentials of Investments, ... earnings prospects. 436 Part FOUR Security Analysis FIGURE 12.6 Price–earnings ratios P/ E ratio 40 35 30 25 20 15 10 5 0 198 6 198 7 198 8...

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: ... inventories, depreciation, and interest expense. Assets Equity Sales Assets EBIT Sales Pretax profits EBIT Net profits Pretax profits 13 Financial Statement Analysis...

Ngày tải lên: 10/08/2014, 07:21

... the spot price might increase to $ 294 , while the futures price increases to $ 298 .50, so the basis narrows to $4.50. The in- vestor s gains and losses are as follows: Gain on holdings of gold (per ... protects each party from future price fluctuations. 566 Part FIVE Derivative Markets FIGURE 16.1 CBOT trading volume in futures contracts 198 6 198 7 198 8 198 9 199 0 199 1 199...

Ngày tải lên: 10/08/2014, 07:21

... across a broader range of asset classes found that as much as 97 % of fund returns can be explained by asset allocation alone. Sharpe considered 12 asset class (style) portfolios. His idea was to ... 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 should hav...

Ngày tải lên: 10/08/2014, 07:21

... 197 5 198 0 OPEC I OPEC II Penn Square Market Crash LTCM 198 5 199 0 199 5 2000 Percentage points Bodie−Kane−Marcus: Essentials of Investments, Fifth Edition I. Elements of Investments 1. Investments: ... Background and Issues © The McGraw−Hill Companies, 2003 Related Websites http://www.ceoexpress.com This site provides a list of links related to all aspects of business, in...

Ngày tải lên: 28/06/2014, 21:20

... User Fields Properties Methods FailedPasswordAnswerAttemptCount FailedPasswordAnswerAttemptWindowStart FailedPasswordAttemptCount FailedPasswordAttemptWindowStart PasswordSalt PasswordAnswerAttemptFailed PasswordAnswerAttemptSucceeded PasswordAttemptFailed PasswordAttemptSucceeded PasswordFormat Enum Clear Hashed PasswordFormat Roles ... method of the IClientTransactionRepository interface...

Ngày tải lên: 09/08/2014, 12:22