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

... 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