Thị trường tài chính và các định chế tài chính Chapter 11

... 1 Chapter 7 Bond Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, ... stripped securities  Merrill Lynch’s TIGRs  The Treasury created the STRIPS program in 1985 11 Treasury and Federal Agency Bonds (cont’d)  Inflation-indexed Treasury bonds  In 1996, the ... liquidity premium to compensate for less liquidity  The federal tax exemptio...

Ngày tải lên: 17/10/2013, 11:15

... 1 Chapter 8 Bond Valuation and Risk Financial Markets and Institutions, 7e, Jeff Madura Copyright ... 40.027,1$)274.10(100$ )(payments coupon of 30%,9 30%,9 =+= == = == = == == PV PVIFPV PVIFACPV nk nk 11 Relationship between Coupon Rate, Required Return, and Price  If the coupon rate of a bond ... and reduce the probability that the firm will default on its debt payments - )( ECO...

Ngày tải lên: 19/10/2013, 17:15

... 1 Chapter 10 Stock Offerings and Investor Monitoring Financial Markets and Institutions, 7e, Jeff ... downward pressure  When the lockup period expires, the share price commonly declines significantly 11 Initial Public Offerings (cont’d)  Timing of IPOs  IPOs tend to occur more frequently during ... NYSE  The market value of stocks listed on Nasdaq is smaller than stocks listed o...

Ngày tải lên: 23/10/2013, 15:15

... 1 Chapter 12 Market Microstructure and Strategies Financial Markets and Institutions, 7e, Jeff Madura Copyright ... margin transaction have been in this case? %18 25$ 50$.27$25$47$ −= +−− = +−− = INV DLOANINVSP R 11 Stock Market Transactions (cont’d)  Margin trading (cont’d)  Impact on returns (cont’d)  Purchasing ... entire price of the stock, without borrowing on margin. Stock Ri...

Ngày tải lên: 27/10/2013, 22:15

... announced  Insiders are discouraged from using inside information because it is illegal 1 Chapter 11 Stock Valuation and Risk Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 ... rate movements in the region where the portfolio managers has been assigned to invest funds 11 Stock Valuation Methods (cont’d)  Dividend discount model (cont’d)  Limitations of the...

Ngày tải lên: 27/10/2013, 22:15

... 1 Chapter 15 Interest Rate Derivative Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ... Year Fixed Outflow Payments Floating Inflow Payments Fixed Outflow Payments Floating Inflow Payments 11 Using A Plain Vanilla Swap Bruny Bank has negotiated a plain vanilla swap in which it will exchange ... Outflow Payments Floating Inflow Payments Fixed Outflow Payments Fl...

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 ... limit  Online trading  Many online brokerage firms, like E*Trade and Datek, facilitate options orders 11 Background on Options (cont’d)  Stock option quotations  Financial newspapers...

Ngày tải lên: 06/11/2013, 08:15

... futures contract  A limit order is executed only if the price is within the limit specified 1 Chapter 13 Financial Futures Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ... transaction fees in the form of a bid- ask spread  The futures exchange acts as a clearinghouse 11 Interpreting Financial Futures Tables  The Wall Street Journal provides a comprehensi...

Ngày tải lên: 06/11/2013, 08:15