THỊ TRƯỜNG tài CHÍNH và các ĐỊNH CHẾ tài CHÍNH FINANCIAL MARKETS AND INSTITUTIONS

... Chapter Outline Background on bonds  Treasury and federal agency bonds  Municipal bonds  Corporate

Ngày tải lên: 17/10/2013, 11:15

... increases to percent, the new price of the bond is $1 ,080 .61 What is ?this bond’s bond price elasticity percent change in P p = percent change in k e $1 ,080 .61 − $1,273.24 $1,273.24 = 9% − % 7% = −0.53 ... Chapter Outline       Bond valuation process Relationships between coupon rate, required return,

Ngày tải lên: 19/10/2013, 17:15

... diễn thị trường tài Thuật ngữ thị trường tài chính sử dụng để phân biệt thị trường mua bán, giao dịch loại chứng khoán (tài sản tài chính) với thị trường khác (thị trường hàng hoá, thị trường ... thị trường tiền tệ tuý tồn tài thị trường vốn tuý mà phải tồn thị trường tài bao gồm thị trường vốn thị trường tiền tệ hỗn hợp 4.2 Mối quan hệ...

Ngày tải lên: 21/10/2013, 23:20

... Chapter Outline         Background on stock Initial public offerings Secondary stock offerings ... downward pressure When the lockup period expires, the share price commonly declines significantly 10 Initial Public Offerings (cont’d)  Timing of IPOs  IPOs tend to occur more frequently during ... yield of XYZ ?stock Dividend yield = = Dividends paid per share Prevailing stock pri...

Ngày tải lên: 23/10/2013, 15:15

... Chapter Outline Stock market transactions  How trades are executed  Regulation of stock trading ... :Stock Rises to $55 R= $55 − $50 + $.50 = 11% $50 :Stock Falls to $47 $47 − $50 + $.50 R= = −5% $50 12 Stock Market Transactions (cont’d)  Margin trading (cont’d)  Margin    calls If the investor’s

Ngày tải lên: 27/10/2013, 22:15

... Chapter Outline           Stock valuation methods Determining the required rate of return ... Required rate of return Errors are more pronounced for firms that retain most of their earnings 11 Stock Valuation Methods (cont’d)  Adjusting the dividend discount model  The   value of the ... What is the EPS ?in four years Forecasted earnings in n years = E (1 + G )n = $10 × (1.0...

Ngày tải lên: 27/10/2013, 22:15

... Chapter Outline         Background Participation by financial institutions Types of interest ... Inflow Payments Fixed Outflow Payments Fixed Outflow Payments Floating Inflow Payments End of Year 15 Types of Interest Rate Swaps (cont’d)  Callable swaps A callable swap provides the party making

Ngày tải lên: 06/11/2013, 08:15

... Chapter Outline Background on options  Speculating with stock options  Determinants of stock option ... changes in option premiums  Hedging with stock options  Using options to measure a stock’s risk  Chapter Outline (cont’d) Options on ETFs and stock indexes  Options on futures contracts  Hedging ... shares in the market, what is his ?net gain from the transaction $97 − $92 − $4 =...

Ngày tải lên: 06/11/2013, 08:15

... Chapter Outline Background on financial futures  Interpreting financial futures tables  Valuation ... futures contracts  Speculating with interest rate futures  Closing out the futures position  Chapter Outline (cont’d) Hedging with interest rate futures  Bond index futures  Stock index futures ... not receive any dividends Investors who buy stock index futures put up a much smalle...

Ngày tải lên: 06/11/2013, 08:15

... Chapter Outline          Investment banking services Brokerage services Sources of income ... investors The SEC tends to establish general guidelines that can affect trading on security exchanges 24 Regulation of Securities Firms (cont’d)   Stock exchanges and the Nasdaq are expected to prevent

Ngày tải lên: 12/12/2013, 23:15

... Chapter Outline Background on mutual funds  Stock mutual fund categories  Bond fund categories  Growth and size of mutual funds  Performance of mutual funds  Mutual fund scandals  Chapter ... the movements of the currencies that denominate the stocks  Global funds include some U.S stocks 23 Stock Mutual Fund Categories (cont’d)  Specialty funds focus on a group of companies shar...

Ngày tải lên: 12/12/2013, 23:15

... Chapter Outline           Types of finance companies Sources of finance company funds

Ngày tải lên: 12/12/2013, 23:15

... Chapter Outline Background on savings institutions  Sources and uses of funds  Exposure to risk ... rate risk  Valuation of a savings institution  Interaction with other financial institutions  Chapter Outline (cont’d) Participation in financial markets  Performance of savings institutions ... it is virtually impossible to completely eliminate interest rate risk  Mortgages may be p...

Ngày tải lên: 12/12/2013, 23:15