A factor portfolio
... We can think of beta as measuring the exposure of a stock or portfolio to marketwide or macroeconomic risk factors. Thus, one interpretation of the SML is that investors are rewarded with a higher expected return for their exposure to macro risk, based on both the sensitivity to that risk (beta) as ...
... We can think of beta as measuring the exposure of a stock or portfolio to marketwide or macroeconomic risk factors. Thus, one interpretation of the SML is that investors are rewarded with a higher expected return for their exposure to macro risk, based on both the sensitivity to that risk (beta) as ...
Treatment of VOBA, Goodwill and Other Intangible Assets under
... assumed 2. The amount described in (a).” With the PGAAP liability measured in accordance with the acquirer’s accounting policies, VOBA emerges as the difference between such PGAAP liability and the FVL. A common method for computing VOBA when FVL is not readily available starts with an actuarial app ...
... assumed 2. The amount described in (a).” With the PGAAP liability measured in accordance with the acquirer’s accounting policies, VOBA emerges as the difference between such PGAAP liability and the FVL. A common method for computing VOBA when FVL is not readily available starts with an actuarial app ...
The role of regional factors in determining mortgage interest
... that influence regional mortgage interest rates will be identified. Differing from their study, determinants of both national and regional factors will be examined in detail. EMPIRICAL SECTION Data The quarterly mortgage interest rate data used in this study are collected by Freddie Mac for five reg ...
... that influence regional mortgage interest rates will be identified. Differing from their study, determinants of both national and regional factors will be examined in detail. EMPIRICAL SECTION Data The quarterly mortgage interest rate data used in this study are collected by Freddie Mac for five reg ...
Valuing Accounts Receivable
... Valuing receivables involves reporting them at their net realizable value. Net realizable value is the amount expected to be received in cash. Credit losses are considered a normal and necessary risk of doing business on a credit basis. Credit losses are debited to Bad Debts Expense. The key i ...
... Valuing receivables involves reporting them at their net realizable value. Net realizable value is the amount expected to be received in cash. Credit losses are considered a normal and necessary risk of doing business on a credit basis. Credit losses are debited to Bad Debts Expense. The key i ...
Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333
... discounts, mark-ups, or other transaction costs. These bids, offers, or completed transactions may affect the prices, if any, at which the notes might otherwise trade in the market. In addition, if at any time MLPF&S were to cease acting as a market-maker for the notes, it is likely that there would ...
... discounts, mark-ups, or other transaction costs. These bids, offers, or completed transactions may affect the prices, if any, at which the notes might otherwise trade in the market. In addition, if at any time MLPF&S were to cease acting as a market-maker for the notes, it is likely that there would ...
BSL 4: Corporate finance
... • Net asset value: Value of all assets – all debts • Problem: Value of assets based on accounting standards – not necessarily representing the market value of the assets or their value to the business – Example 1: New car purchased for $30K. Expected life: 10 years • After 1 year, book value is $27K ...
... • Net asset value: Value of all assets – all debts • Problem: Value of assets based on accounting standards – not necessarily representing the market value of the assets or their value to the business – Example 1: New car purchased for $30K. Expected life: 10 years • After 1 year, book value is $27K ...
united states securities and exchange commission
... Certain statements contained in this Form 10-Q and other written or oral statements made by or on behalf of Piedmont Office Realty Trust, Inc. (“Piedmont”) may constitute forward-looking statements within the meaning of the federal securities laws. In addition, Piedmont, or its executive officers on ...
... Certain statements contained in this Form 10-Q and other written or oral statements made by or on behalf of Piedmont Office Realty Trust, Inc. (“Piedmont”) may constitute forward-looking statements within the meaning of the federal securities laws. In addition, Piedmont, or its executive officers on ...
Chapter 10 The Basics of Capital Budgeting: Evaluating Cash Flows
... d. The modified internal rate of return (MIRR) assumes that cash flows from all projects are reinvested at the cost of capital as opposed to the project's own IRR. This makes the modified internal rate of return a better indicator of a project's true profitability. The profitability index is found b ...
... d. The modified internal rate of return (MIRR) assumes that cash flows from all projects are reinvested at the cost of capital as opposed to the project's own IRR. This makes the modified internal rate of return a better indicator of a project's true profitability. The profitability index is found b ...
Document
... The Demand of Currency Deposits (cont.) • If prices are fixed, the inflation rate is 0% and (nominal) rates of return = real rates of return. • Because trading of deposits in different currencies occurs on a daily basis, we often assume that prices do not change from day to day. – A good assumption ...
... The Demand of Currency Deposits (cont.) • If prices are fixed, the inflation rate is 0% and (nominal) rates of return = real rates of return. • Because trading of deposits in different currencies occurs on a daily basis, we often assume that prices do not change from day to day. – A good assumption ...
Trading forex options on the JSE
... If he had not used the Option he would have lost: R 8.70 x 5,000,000= R 43,500,000 R 8.25 x 5,000,000= R 41,250,000 R 43,500,000 – R 41,250,000 = R 2,250,000 By purchasing the Option he reduced his foreign exposure risk to R 1,000,000. If Frank had entered into a Futures contract he could have got t ...
... If he had not used the Option he would have lost: R 8.70 x 5,000,000= R 43,500,000 R 8.25 x 5,000,000= R 41,250,000 R 43,500,000 – R 41,250,000 = R 2,250,000 By purchasing the Option he reduced his foreign exposure risk to R 1,000,000. If Frank had entered into a Futures contract he could have got t ...
THE IMPORTANCE OF THE NUMBER OF DIFFERENT AGENTS IN
... income is affected not only by aggregate but also by idiosyncratic income shocks, but other forms of heterogeneity have also been considered.1 These models have been shown to be an improvement over standard representative agent models in several dimensions. For example, they provide an explanation f ...
... income is affected not only by aggregate but also by idiosyncratic income shocks, but other forms of heterogeneity have also been considered.1 These models have been shown to be an improvement over standard representative agent models in several dimensions. For example, they provide an explanation f ...
The Risks of Sovereign Lending: Lessons from History
... Most of the defaults in the 1820s were by new countries still struggling for their freedom. The demand for loans arose from the need for armaments to protect the borrowers' newly won independence and maintain internal order, not for investments in productive capacity that could repay, the loans. Bet ...
... Most of the defaults in the 1820s were by new countries still struggling for their freedom. The demand for loans arose from the need for armaments to protect the borrowers' newly won independence and maintain internal order, not for investments in productive capacity that could repay, the loans. Bet ...
