Thị trường tài chính và các định chế tài chính Chapter 10

... 1 Chapter 7 Bond Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 2 Chapter Outline ... finance federal government expenditures  Note maturities are usually less than 10 years  Bonds maturities are 10 years or more  An active secondary market exists  The 30-year bond was discontinued...

Ngày tải lên: 17/10/2013, 11:15

... What is the appropriate market price of the bond? 1 ,102 .80$$75.40$1,027.40bond of 40.75$)0754(.000,1$ )(000,1$principal of 40.027,1$)274 .10( 100$ )(payments coupon of 30%,9 30%,9 =+= == = == = ... can be computed using PVIFAs 10 Computing the Current Price of A Bond Using PVIFs and PVIFAs A 30-year bond has a par value of $1,000 and an annual coupon rate of 10 percent. The prevailing a...

Ngày tải lên: 19/10/2013, 17:15

... trên thị trường tài chính. Thuật ngữ thị trường tài chính được sử dụng để phân biệt thị trường mua bán, giao dịch các loại chứng khoán (tài sản tài chính) với các thị trường khác (thị trường ... của tài sản tài chính. III. THỊ TRƯỜNG TÀI CHÍNH: 1. Khái niệm về thị trường Thị trường tài chính thể hiện rất nhạy cảm mọi hoạt động của các thị...

Ngày tải lên: 21/10/2013, 23:20

... 1 Chapter 10 Stock Offerings and Investor Monitoring Financial Markets and Institutions, 7e, Jeff Madura ... Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 2 Chapter Outline  Background on stock  Initial public offerings  Secondary stock offerings  Stock ... underwriter typically forms a syndicate with other firms who receive a portion...

Ngày tải lên: 23/10/2013, 15:15

... 1 Chapter 12 Market Microstructure and Strategies Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Computing ... stock indexes (cont’d)  Types of ETFs  Cubes are traded on the AMEX and represent the Nasdaq 100 index  Spiders are Standard & Poor’s Depository Receipts, and are baskets o...

Ngày tải lên: 27/10/2013, 22:15

... earnings of $10 per share. Investors expect that the EPS will growth by 3 percent per year and expect to sell the stock in four years. What is the EPS in four years? 26.11$)03.1 (10$ )1( yearsn ... required rate of return of Fantasia Corp. according to the CAPM? %5.13 %)5 %10( 7.1%5 )( = −+= −+= fmjfj RRBRR 2 Chapter Outline  Stock valuation methods  Determining the required rate...

Ngày tải lên: 27/10/2013, 22:15

... 1 Chapter 15 Interest Rate Derivative Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Types ... plus 1 percent at the end of each of the next four years. Assume that the notional principal is $100 million. Fill in the table on the next slide for the two scenarios of rising and fal...

Ngày tải lên: 06/11/2013, 08:15

... different customer  Earn the difference between the bid price and the ask price for the option 1 Chapter 14 Options Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by ... training  Attempt to prevent insider trading  Attempt to prevent price fixing among floor brokers 10 Background on Options (cont’d)  Types of orders  A market order results in the imm...

Ngày tải lên: 06/11/2013, 08:15

... specified 1 Chapter 13 Financial Futures Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Background ... Characteristic of Futures Contract Treasury Bond Futures Treasury Note Futures Size $100 ,000 face value $100 ,000 face value Deliverable grade Treasury bonds maturing at least 15...

Ngày tải lên: 06/11/2013, 08:15