Investment Analysis and Portfolio Management
... despite 3’s shorter maturity, depending on the relative size of the liquidity and maturity premiums. However, we expect r3 to be less than 4.5 percent, the expected interest rate on Investment 4 if it had low liquidity. Thus 2.5 percent < r3 < 4.5 percent. ...
... despite 3’s shorter maturity, depending on the relative size of the liquidity and maturity premiums. However, we expect r3 to be less than 4.5 percent, the expected interest rate on Investment 4 if it had low liquidity. Thus 2.5 percent < r3 < 4.5 percent. ...
The Main Agency Problems and Their Consequences
... agreed. To limit agency conflicts some special costs, called agency costs, have to be incurred. They may be defined in several ways. Ross, Westerfield and Jaffe (2005) define them as additional costs resulting from the existence of conflict situations among stakeholders, which are incurred by the ow ...
... agreed. To limit agency conflicts some special costs, called agency costs, have to be incurred. They may be defined in several ways. Ross, Westerfield and Jaffe (2005) define them as additional costs resulting from the existence of conflict situations among stakeholders, which are incurred by the ow ...
A Note on Unconventional Monetary Policy in HANK
... effects exactly offset the smaller partial equilibrium response. In contrast, McKay, Nakamura and Steinsson (2015) consider an alternative incomplete-market economy in which forward guidance is less effective than conventional monetary policy. Here, we follow the lead of these two papers and examin ...
... effects exactly offset the smaller partial equilibrium response. In contrast, McKay, Nakamura and Steinsson (2015) consider an alternative incomplete-market economy in which forward guidance is less effective than conventional monetary policy. Here, we follow the lead of these two papers and examin ...
Toromont Announces Fourth Quarter 2013 Results
... performance and financial condition of Toromont Industries Ltd. (“Toromont” or the “Company”) as at and for the three and twelve months ended December 31, 2013, compared to the preceding year. This MD&A should be read in conjunction with the attached unaudited consolidated financial statements and r ...
... performance and financial condition of Toromont Industries Ltd. (“Toromont” or the “Company”) as at and for the three and twelve months ended December 31, 2013, compared to the preceding year. This MD&A should be read in conjunction with the attached unaudited consolidated financial statements and r ...
Bond Premiums and the Natural Real Rate of Interest
... the U.S. economy features adverse “risk shocks” that, like increases in bond premiums, raise the return on bonds relative to the interest rate controlled by the central bank. Smets and Wouters’ model predicts that increases in these bond premiums reduce the natural rate one for one: higher bond prem ...
... the U.S. economy features adverse “risk shocks” that, like increases in bond premiums, raise the return on bonds relative to the interest rate controlled by the central bank. Smets and Wouters’ model predicts that increases in these bond premiums reduce the natural rate one for one: higher bond prem ...
Economic Justice Manifesto - School of Cooperative Individualism
... ideas. We gave up the idea that women should not vote, or hold well paid jobs, and changing our thinking has benefited our nation greatly. It is time to realize that profiting from what others have created in land, without repaying them for their effort, causes irreparable harm to the entire economi ...
... ideas. We gave up the idea that women should not vote, or hold well paid jobs, and changing our thinking has benefited our nation greatly. It is time to realize that profiting from what others have created in land, without repaying them for their effort, causes irreparable harm to the entire economi ...
Summary of Appraisals Proposal - the Virginia Bankers Association
... o The commentary provides list of examples of items that are not deemed “written appraisals and valuations:” Internal documents, that merely restate the estimated value of the dwelling contained in a written appraisal or valuation being provided to the applicant. Governmental agency statements o ...
... o The commentary provides list of examples of items that are not deemed “written appraisals and valuations:” Internal documents, that merely restate the estimated value of the dwelling contained in a written appraisal or valuation being provided to the applicant. Governmental agency statements o ...
Measuring the value of employee stock options
... AEG paper (Eurostat (2004)) explains the idea of 2008 SNA recommendations concretely. 3 The paper states that if ESOs were spread across the vesting period, one would either need to create assets/liabilities in financial derivatives, or assets/liabilities in “Other accounts receivable and payable” w ...
... AEG paper (Eurostat (2004)) explains the idea of 2008 SNA recommendations concretely. 3 The paper states that if ESOs were spread across the vesting period, one would either need to create assets/liabilities in financial derivatives, or assets/liabilities in “Other accounts receivable and payable” w ...
Fiat versus Representative Money under Debate, or How Right
... concept of segnorage. Or, the last might be the very aim of both re-shaping the basic metal quantity as flat coin and issuing paper money. And it was both politics and economic terms here. Segnorage (Weisbrot, 2005, Horne, 1915), as defined as the “segnor’s right” (9) , explains how the flat coins w ...
... concept of segnorage. Or, the last might be the very aim of both re-shaping the basic metal quantity as flat coin and issuing paper money. And it was both politics and economic terms here. Segnorage (Weisbrot, 2005, Horne, 1915), as defined as the “segnor’s right” (9) , explains how the flat coins w ...
SOUTHWEST BANCORP INC (Form: 10-Q, Received
... forward-looking statements. In addition, our past growth and performance do not necessarily indicate our future results. For other factors, risks, and uncertainties that could cause actual results to differ materially from estimates and projections contained in forward-looking statements, please rea ...
... forward-looking statements. In addition, our past growth and performance do not necessarily indicate our future results. For other factors, risks, and uncertainties that could cause actual results to differ materially from estimates and projections contained in forward-looking statements, please rea ...
Multiple Choice Questions
... 31. A preferred stock will pay a dividend of $7.50 in the upcoming year, and every year thereafter, i.e., dividends are not expected to grow. You require a return of 10% on this stock. Use the constant growth DDM to calculate the intrinsic value of this preferred stock. A) $0.75 B) $7.50 C) $64.12 D ...
... 31. A preferred stock will pay a dividend of $7.50 in the upcoming year, and every year thereafter, i.e., dividends are not expected to grow. You require a return of 10% on this stock. Use the constant growth DDM to calculate the intrinsic value of this preferred stock. A) $0.75 B) $7.50 C) $64.12 D ...
here - University of Minnesota Extension
... Worth as of a certain date. It can be thought of as a “snapshot” of your financial condition at that time. For producers whose fiscal year coincides with the calendar year, January 1 is an excellent date for the annual Balance Sheet. It marks the beginning and ending of their business year, and enab ...
... Worth as of a certain date. It can be thought of as a “snapshot” of your financial condition at that time. For producers whose fiscal year coincides with the calendar year, January 1 is an excellent date for the annual Balance Sheet. It marks the beginning and ending of their business year, and enab ...
HSI 12.31.16 - Stmt of Fin Condition
... Adopted in Future Periods................................ 4 Cash and Securities Segregated Under Federal and Other Regulations ...................................... ...
... Adopted in Future Periods................................ 4 Cash and Securities Segregated Under Federal and Other Regulations ...................................... ...