đề thi thị trường và các định chế tài chính

Ngày tải lên: 17/10/2013, 11:15

... payments  First, divide the annual coupon by two  Second, divide the annual discount rate by two  Third, double the number of years n k C k C k C PV 221 )2/1( Par2/ )2/1( 2/ )2/1( 2/ bond of + + + + + + = ... par value, a 9 percent coupon rate, and a 10 percent yield to maturity. What is the duration of this bond? years92.1 )10.1( 090,1$ )10.1( 90$ )10.1( )2(090,1$ )10.1( 90$ )1( )1( )( DUR 21 21 1 1 = + + = + + = ∑ ∑ = = n t t t n t t t k C k tC ...

Ngày tải lên: 19/10/2013, 17:15

... managers believe their stock is undervalued in the market, they may take actions to capitalize on this discrepancy  Stock repurchases  Use excess cash to purchase shares in the market at a low ... firm from auditing a client whose CEO, CFO, or other employees are employed by the client firm within one year prior to the audit 28 Investor Participation in the Secondary Market (cont’d)  How...

Ngày tải lên: 23/10/2013, 15:15

... Securities Act of 1933 and the Securities Exchange Act of 1934 were enacted to prevent unfair or unethical trading practices on the security exchanges  The NYSE:  States that every transaction...

Ngày tải lên: 27/10/2013, 22:15

... yield on newly issued T-bonds is commonly used as a proxy for the risk-free rate  The terms within the parentheses measure the market risk premium  Historical data over 30 or more years can...

Ngày tải lên: 27/10/2013, 22:15

... payments for floating-rate payments that are capped  The floating-rate payer pays an up-front fee for this feature  The fixed-rate payer may allow the cap if it believes interest rates will not exceed...

Ngày tải lên: 06/11/2013, 08:15

... currency for a specified price within a specified period of time  A currency put option provides the right to sell a specified currency for a specified price within a specified period of time  Corporations ... reporting  Reporting option compensation as an expense  The FASB has been unwilling to require firms to report this expense on the income statement  Earnings will appear higher when a firm uses stock options ... futures contract allows the right to purchase or sell that futures contract for a specified price within a specified period of time  Options on futures grant the power to take the futures position...

Ngày tải lên: 06/11/2013, 08:15

... date  Available for various stock indexes (see next slide)  Have four settlement dates on the third Friday in March, June, September, and December  The securities underlying the stock index ... date, the T-bill futures contract has a price of 93.50. What is the investor’s nominal profit from this strategy? 000,7$000,935$000,942$Profit =−= 30 Stock Index Futures (cont’d) Type of Stock Index ... futures contract specifies 93– 14 of the par value as the price. What is the nominal profit from this futures transaction? 50.062,3$00.375,90$50.437,93$Profit =−= 27 Hedging with Interest Rate...

Ngày tải lên: 06/11/2013, 08:15

... to the securities firm  Analysts cannot be supervised by the investment banking department within the securities firm  An analyst rating must divulge any recent investment banking business...

Ngày tải lên: 12/12/2013, 23:15

... stocks 26 Bond Fund Categories (cont’d)  High-yield (junk) bond funds consist of at least two- thirds of bonds rated below Baa by Moody’s or BBB by S&P  International and global bond funds  International...

Ngày tải lên: 12/12/2013, 23:15

... the institution cannot control  Finance companies need skilled managers to analyze the creditworthiness of borrowers and assess how future economic conditions may affect their ability to repay...

Ngày tải lên: 12/12/2013, 23:15

Ngày tải lên: 12/12/2013, 23:15

Ngày tải lên: 12/12/2013, 23:15

Ngày tải lên: 12/12/2013, 23:15

Ngày tải lên: 12/12/2013, 23:15

Ngày tải lên: 25/01/2014, 12:20