A NON-ZERO-SUM GAME APPROACH TO CONVERTIBLE BONDS
... that a majority of companies under examination (170 out of 179) significantly deviate from the theoretical “optimal” call policy. The median company does not issue a call until the conversion value is 43.9% in excess of the call price. This finding is also confirmed by a series of papers such as tho ...
... that a majority of companies under examination (170 out of 179) significantly deviate from the theoretical “optimal” call policy. The median company does not issue a call until the conversion value is 43.9% in excess of the call price. This finding is also confirmed by a series of papers such as tho ...
Loans Classified by Special Provision
... homeowner has invested in the property given as security for the loan. To be eligible, the participant must be at least 62 years old and the reverse mortgage must be the only loan allowed on the property. A reverse loan allows senior citizens on fixed incomes to realize the equity build-up in their ...
... homeowner has invested in the property given as security for the loan. To be eligible, the participant must be at least 62 years old and the reverse mortgage must be the only loan allowed on the property. A reverse loan allows senior citizens on fixed incomes to realize the equity build-up in their ...
Intangible assets
... International practices for long-lived assets are sometimes very different from those in the United States. Some of the key differences between IFRS and GAAP relate to the revaluation of tangible assets, investment property, capitalization of intangible development costs, and impairments ...
... International practices for long-lived assets are sometimes very different from those in the United States. Some of the key differences between IFRS and GAAP relate to the revaluation of tangible assets, investment property, capitalization of intangible development costs, and impairments ...
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Public/SIC Education Presentations/REITS[1]
... A company that maintains a comfortable level of debt along with a strong balance sheet will be more favorable for investment opportunity. With debt there is also two ways to look at what is considered a “comfortable” level. Debt/Market Cap Ratio = ...
... A company that maintains a comfortable level of debt along with a strong balance sheet will be more favorable for investment opportunity. With debt there is also two ways to look at what is considered a “comfortable” level. Debt/Market Cap Ratio = ...
The Effect of a Rise in Interest Rates on Hotel Capitalization Rates
... anticipated rise in risk-free rates during even modest economic expansions.3 The net effect on capitalization rates from a steepening yield curve either could be neutral or result in additional compression, and not necessarily the anticipated increase. While each type of commercial property has its ...
... anticipated rise in risk-free rates during even modest economic expansions.3 The net effect on capitalization rates from a steepening yield curve either could be neutral or result in additional compression, and not necessarily the anticipated increase. While each type of commercial property has its ...
2003 Report as a word document
... So the net pension scheme liabilities:For 2003: minus 31,800 For 2002: minus 29,300 During 2003, Guide Dogs continued to pay regular contributions at the rate of 25.3% of scheme salaries, based upon the result of the actuarial valuation as at 31 December 1999. As a result of the actuarial valuation ...
... So the net pension scheme liabilities:For 2003: minus 31,800 For 2002: minus 29,300 During 2003, Guide Dogs continued to pay regular contributions at the rate of 25.3% of scheme salaries, based upon the result of the actuarial valuation as at 31 December 1999. As a result of the actuarial valuation ...
CEDAR REALTY TRUST, INC.
... economic interest in, and was the sole general partner of, the Operating Partnership. The limited partners’ interest in the Operating Partnership (0.5% at June 30, 2015) is represented by Operating Partnership Units (“OP Units”). The carrying amount of such interest is adjusted at the end of each re ...
... economic interest in, and was the sole general partner of, the Operating Partnership. The limited partners’ interest in the Operating Partnership (0.5% at June 30, 2015) is represented by Operating Partnership Units (“OP Units”). The carrying amount of such interest is adjusted at the end of each re ...
SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
... "Accounting by Creditors for Impairment of a Loan". SFAS 114 requires the creation of a valuation allowance for impaired loans based on the present value of expected future cash flows discounted at the loan's effective interest rate, or based on the loan's observable market price or fair value of th ...
... "Accounting by Creditors for Impairment of a Loan". SFAS 114 requires the creation of a valuation allowance for impaired loans based on the present value of expected future cash flows discounted at the loan's effective interest rate, or based on the loan's observable market price or fair value of th ...
Retrospective and Perspective Analysis of the Privatized Mandatory
... the level of welfare within a family. In many countries, upon retirement, the worker (an overwhelmingly number of male workers) is required to buy an annuity. In most cases, the male workers buy single life annuity (which provides money as long as he lives) and not a joint life annuity (which provid ...
... the level of welfare within a family. In many countries, upon retirement, the worker (an overwhelmingly number of male workers) is required to buy an annuity. In most cases, the male workers buy single life annuity (which provides money as long as he lives) and not a joint life annuity (which provid ...
Cash Flow for Manufacturing and Wholesale Companies
... require more cash. Understanding the cash cycle of your company may assist you in making sound business decisions. Increasing inventory or accounts receivable may improve your balance sheet, but it does not generate cash to pay bills. The chairman of Citibank stated “The first question I would ask a ...
... require more cash. Understanding the cash cycle of your company may assist you in making sound business decisions. Increasing inventory or accounts receivable may improve your balance sheet, but it does not generate cash to pay bills. The chairman of Citibank stated “The first question I would ask a ...
Frequently Asked Questions
... What is the amount of money the College shares in the appreciation of the property? The amount the College shares is defined by the following formula: deferred interest mortgage/housing price. For example: Purchase a home 7/1/2001 for Down payment Wellesley 1st mortgage Wellesley second mortgage Sec ...
... What is the amount of money the College shares in the appreciation of the property? The amount the College shares is defined by the following formula: deferred interest mortgage/housing price. For example: Purchase a home 7/1/2001 for Down payment Wellesley 1st mortgage Wellesley second mortgage Sec ...
capital budgeting
... The range B2:B7 contains the values of all the cash flows for the project. When you click ―OK,‖ the answer, 12.50%, will appear in cell D5. A project is acceptable using IRR if its IRR is greater than the firm’s required rate of return— that is, IRR > r. Remember that the IRR represents the rate of ...
... The range B2:B7 contains the values of all the cash flows for the project. When you click ―OK,‖ the answer, 12.50%, will appear in cell D5. A project is acceptable using IRR if its IRR is greater than the firm’s required rate of return— that is, IRR > r. Remember that the IRR represents the rate of ...
The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies ∗
... This result was extended by Eggertsson and Woodford (2003) to show that it also applies to standard open market operations, i.e. printing money for debt, in models with nominal and monetary frictions, provided that the interest rate is zero. There is no role for “liquidity” in these models, or most ...
... This result was extended by Eggertsson and Woodford (2003) to show that it also applies to standard open market operations, i.e. printing money for debt, in models with nominal and monetary frictions, provided that the interest rate is zero. There is no role for “liquidity” in these models, or most ...
An Assessment of APT`s Performance on Portfolios
... found any association of the given factor in their model. Similarly, the exchange rate was negatively priced for one portfolio and when lag effect of 1 month was incorporated, a positive relationship was obtained for one industry. A similar scenario was reproduced for the risk premium and unexpected ...
... found any association of the given factor in their model. Similarly, the exchange rate was negatively priced for one portfolio and when lag effect of 1 month was incorporated, a positive relationship was obtained for one industry. A similar scenario was reproduced for the risk premium and unexpected ...
Fixed Income in a Rising Rate Environment
... • Is there enough income to offset the price decline? Role of Specific Market Conditions Historical analysis is an objective way to understand how fixed-income investments typically respond to rising rates. To simplify the analysis, a rising rate period is when the Federal Reserve is tightening. Th ...
... • Is there enough income to offset the price decline? Role of Specific Market Conditions Historical analysis is an objective way to understand how fixed-income investments typically respond to rising rates. To simplify the analysis, a rising rate period is when the Federal Reserve is tightening. Th ...
Insurance Liabilities - International Actuarial Association
... The timing and size of cash flows associated with the liability for an insurance contract typically involves both uncertainty and a long time horizon. The expertise of an actuary includes the assessment of the relatively complicated expected values of these liabilities, incorporating the various ris ...
... The timing and size of cash flows associated with the liability for an insurance contract typically involves both uncertainty and a long time horizon. The expertise of an actuary includes the assessment of the relatively complicated expected values of these liabilities, incorporating the various ris ...
Pricing Convertible Bonds using Stochastic Interest Rate
... bond it has a face value that will be paid back at the date of maturity. The holder has the right to convert the bond into a predetermined number of shares in the company in a given period of time. The convertible bond may be considered as a combination of a bond and a European call option on the st ...
... bond it has a face value that will be paid back at the date of maturity. The holder has the right to convert the bond into a predetermined number of shares in the company in a given period of time. The convertible bond may be considered as a combination of a bond and a European call option on the st ...
