NBER WORKING PAPER SERIES Hanno Lustig Yi-Li Chien
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
Valuation of Corporate Loans: A Credit Migration Approach
... traded loans when available. The start point for CreditMark is the term structure of what we call clean spreads. A clean spread is what the spread would be on a zero-recovery, zero-coupon bond if it were to trade. These spreads can be populated from CDS spreads or bond spreads on the same name shoul ...
... traded loans when available. The start point for CreditMark is the term structure of what we call clean spreads. A clean spread is what the spread would be on a zero-recovery, zero-coupon bond if it were to trade. These spreads can be populated from CDS spreads or bond spreads on the same name shoul ...
exam3 - Trinity University
... 31. (03 Points) The following contract does not have a SFAS 133 Paragraph 6 notional in a clear sense. Company C pays $100,000 for an option to receive $2 million if the average LIBOR for the next 12 months exceeds 8%. Is this option contract subject to SFAS 133 rules? a. No. Paragraph 6a requires a ...
... 31. (03 Points) The following contract does not have a SFAS 133 Paragraph 6 notional in a clear sense. Company C pays $100,000 for an option to receive $2 million if the average LIBOR for the next 12 months exceeds 8%. Is this option contract subject to SFAS 133 rules? a. No. Paragraph 6a requires a ...
ACCT350, Assignment 7c&d, College/University Accounting Exercise #2 (questions 1-6 only)
... Yet Redd says change takes time, especially given existing market challenges. Tuition discounting levels will likely continue to grow in the near future. “The financial need is still going to be very high, and the competition among schools for students is still going to be very high, so it wouldn’t ...
... Yet Redd says change takes time, especially given existing market challenges. Tuition discounting levels will likely continue to grow in the near future. “The financial need is still going to be very high, and the competition among schools for students is still going to be very high, so it wouldn’t ...
Capital Formation Agenda - Small Business Investor Alliance
... The SBIA Portfolio Company of the Year Award recognizes the effectiveness of private equity financing and the benefits of the partnership between private investors and small businesses. This competitive award is given annually by the SBIA to the small business that demonstrates consistent strong gro ...
... The SBIA Portfolio Company of the Year Award recognizes the effectiveness of private equity financing and the benefits of the partnership between private investors and small businesses. This competitive award is given annually by the SBIA to the small business that demonstrates consistent strong gro ...
Do Mergers and Acquisitions Create Shareholder Wealth In The
... company. The study is performed on two databases, the first focuses on acquiring companies only and the second includes acquirer and acquired summed together. The first analysis is used to determine if the acquired company benefited from the transaction while the second looks at the effects on the w ...
... company. The study is performed on two databases, the first focuses on acquiring companies only and the second includes acquirer and acquired summed together. The first analysis is used to determine if the acquired company benefited from the transaction while the second looks at the effects on the w ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... which will be accounted for using the pooling-of-interests method, is subject to the approval of regulatory agencies and both companies' shareholders and is expected to close in the first quarter of 1995. On October 18, 1994, the Company announced that it had signed an agreement to acquire First Wes ...
... which will be accounted for using the pooling-of-interests method, is subject to the approval of regulatory agencies and both companies' shareholders and is expected to close in the first quarter of 1995. On October 18, 1994, the Company announced that it had signed an agreement to acquire First Wes ...
CEO Overview
... Forward-looking Statements There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could c ...
... Forward-looking Statements There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could c ...
Consumption, inflation risk and dynamic hedging
... consumption-wealth ratio may be greater or smaller than it is without the hedging instrument, depending on the magnitude of relative risk aversion. However, in any case, we show that the investor’s overall welfare is greater with hedging. This analysis can also be applied to aspects of asset returns ...
... consumption-wealth ratio may be greater or smaller than it is without the hedging instrument, depending on the magnitude of relative risk aversion. However, in any case, we show that the investor’s overall welfare is greater with hedging. This analysis can also be applied to aspects of asset returns ...
Dover Corporation (NYSE:DOV) Memo
... increased as well, with the values decreasing in a couple years due to changes in CAPEX. Overall, the financial show a history of very stable performance, which I hope to show will ...
... increased as well, with the values decreasing in a couple years due to changes in CAPEX. Overall, the financial show a history of very stable performance, which I hope to show will ...
ALMADEN MINERALS LTD
... statements commencing January 1, 2015. The following are the accounting standards issued but not yet effective, as of January 1, 2015. ...
... statements commencing January 1, 2015. The following are the accounting standards issued but not yet effective, as of January 1, 2015. ...
Measuring the Risk of Large Losses
... Risk management is an important component of the investment process. It requires quantitative measures of risk that provide a metric for the comparison of financial positions. In this expository note we give an overview of risk measures. In particular, we contrast different risk measures with respec ...
... Risk management is an important component of the investment process. It requires quantitative measures of risk that provide a metric for the comparison of financial positions. In this expository note we give an overview of risk measures. In particular, we contrast different risk measures with respec ...
Advances in Environmental Biology Performance
... intangible elements or invisible assets, which cause the gradual extension of the difference between the market values and book values of companies and create values for their companies, are called the new wealth of companies in today’s information society [16]. Neither the financial assets such as ...
... intangible elements or invisible assets, which cause the gradual extension of the difference between the market values and book values of companies and create values for their companies, are called the new wealth of companies in today’s information society [16]. Neither the financial assets such as ...
U3.3 Working Capital
... at a later date. Since credit improves flexibility (customers do not need to carry so much cash with them) and allows customers to buy now but to postpone payment, it can attract a large number of customers to businesses, including McDonald’s. Hence, sales revenues may increase since customers have ...
... at a later date. Since credit improves flexibility (customers do not need to carry so much cash with them) and allows customers to buy now but to postpone payment, it can attract a large number of customers to businesses, including McDonald’s. Hence, sales revenues may increase since customers have ...
colony capital, inc. - corporate
... ended December 31, 2015, originally filed on February 29, 2016 (the “Original 10-K”), of Colony Capital, Inc. (the “Company”). We are filing this Amendment to amend Item 15 to include the separate financial statements of CAH Operating Partnership, L.P. (“CAH OP”) as required by Regulation S-X Rule 3 ...
... ended December 31, 2015, originally filed on February 29, 2016 (the “Original 10-K”), of Colony Capital, Inc. (the “Company”). We are filing this Amendment to amend Item 15 to include the separate financial statements of CAH Operating Partnership, L.P. (“CAH OP”) as required by Regulation S-X Rule 3 ...
Free Full Text ( Final Version , 893kb )
... investor. Theories and models indentifying risk factors such as risks towards the behavior of information (information asymmetry), risk attitude of users and developers are applied. Models that analyze profit; traditional valuation models, discounted cash flow and economic value added models are als ...
... investor. Theories and models indentifying risk factors such as risks towards the behavior of information (information asymmetry), risk attitude of users and developers are applied. Models that analyze profit; traditional valuation models, discounted cash flow and economic value added models are als ...
Market Risk, Mortality Risk, and Sustainable Retirement
... 1 Introduction Conventional wisdom in financial planning holds that an individual’s exposure to higher-risk assets, like stocks, should decline as his or her retirement date nears. As Jagannathan and Kocherlakota (1996) note, the rationale for this tenet usually rests on three assumptions: (i) stock ...
... 1 Introduction Conventional wisdom in financial planning holds that an individual’s exposure to higher-risk assets, like stocks, should decline as his or her retirement date nears. As Jagannathan and Kocherlakota (1996) note, the rationale for this tenet usually rests on three assumptions: (i) stock ...