Document
... When a company whose ability to repay its obligations in full is uncertain borrows funds (a) it will have to issue debt with longer maturities than would a company with a lower probability of default. (b) its bonds will sell for higher prices than would the bonds of a company with a lower probabilit ...
... When a company whose ability to repay its obligations in full is uncertain borrows funds (a) it will have to issue debt with longer maturities than would a company with a lower probability of default. (b) its bonds will sell for higher prices than would the bonds of a company with a lower probabilit ...
can the earning-price ratio explain the cross
... into account that the CAPM is untestable per se– the mean-variance efficiency of the valueweighted stock market index for the period 1963–1982. Moreover, he finds size effect which is especially pronounced in January. Marhuenda (1997) also concludes that there is size effect in Spain using 1963-1991 ...
... into account that the CAPM is untestable per se– the mean-variance efficiency of the valueweighted stock market index for the period 1963–1982. Moreover, he finds size effect which is especially pronounced in January. Marhuenda (1997) also concludes that there is size effect in Spain using 1963-1991 ...
UP TO 14501236 SHARES Class A Common Stock - corporate
... been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. In particular, we have obtained information regarding the restaurant industry, including market sizes and sales growth in the fast casual segment of the restaurant indust ...
... been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. In particular, we have obtained information regarding the restaurant industry, including market sizes and sales growth in the fast casual segment of the restaurant indust ...
SPDR® Bloomberg Barclays Short Term High Yield
... received by the Fund may decline. Changes in interest rates will likely have a greater effect on the values of debt securities of longer durations. Returns on investments in debt securities could trail the returns on other investment options, including investments in equity securities. Derivatives R ...
... received by the Fund may decline. Changes in interest rates will likely have a greater effect on the values of debt securities of longer durations. Returns on investments in debt securities could trail the returns on other investment options, including investments in equity securities. Derivatives R ...
GQG Partners Emerging Markets Equity Fund
... investments selected and strategies employed by the Fund fail to produce the intended results, the Fund could underperform in comparison to other funds with similar objectives and investment strategies. Equity Risk – Since it purchases equity securities, the Fund is subject to the risk that stock pr ...
... investments selected and strategies employed by the Fund fail to produce the intended results, the Fund could underperform in comparison to other funds with similar objectives and investment strategies. Equity Risk – Since it purchases equity securities, the Fund is subject to the risk that stock pr ...
House Prices, Sales and Time on the Market: A Search
... falls when prices increase. To this end, we depart from standard macroeconomic models in two dimensions. Firstly, we assume that there are search frictions in the housing market. In our view search theory is a natural paradigm to study housing markets precisely because it captures the aforementioned ...
... falls when prices increase. To this end, we depart from standard macroeconomic models in two dimensions. Firstly, we assume that there are search frictions in the housing market. In our view search theory is a natural paradigm to study housing markets precisely because it captures the aforementioned ...
Slide 1
... portfolio in September. You have $200 invested in Stock A, $300 in Stock B and $500 in Stock C. The HPR for the month of September for Stock A was 2%, for Stock B the HPR was 4% and for Stock C the HPR was - 5%. •The average HPR for the month of September for this portfolio is: J ...
... portfolio in September. You have $200 invested in Stock A, $300 in Stock B and $500 in Stock C. The HPR for the month of September for Stock A was 2%, for Stock B the HPR was 4% and for Stock C the HPR was - 5%. •The average HPR for the month of September for this portfolio is: J ...
Corporate Payout Policy and Market Capitalization
... calculated by multiplying stock price with no. of shares outstanding. A huge increase or decrease in stock prices may result in overnight changes in value of corporations. Therefore there is need to study and monitor all the elements which may directly or indirectly affect the behavior of stock pric ...
... calculated by multiplying stock price with no. of shares outstanding. A huge increase or decrease in stock prices may result in overnight changes in value of corporations. Therefore there is need to study and monitor all the elements which may directly or indirectly affect the behavior of stock pric ...
Market-Wide Impact of the Disposition Effect: Evidence from IPO
... traded above the offer price, i.e. on the day that an issue with negative initial return crosses the offer price from below for the first time. The timing of the increased volume also depends on the frequency at which investors monitor their investments. Benartzi and Thaler (1995) show that the hist ...
... traded above the offer price, i.e. on the day that an issue with negative initial return crosses the offer price from below for the first time. The timing of the increased volume also depends on the frequency at which investors monitor their investments. Benartzi and Thaler (1995) show that the hist ...
dividend policy, signal information for the capital market
... financial resources and managers estimates the persistence of these resources in the future. Thus, large companies should distribute larger amounts as dividends towards smaller companies, to communicate better performance in the future. Otherwise, the public will have a feeling of insecurity externa ...
... financial resources and managers estimates the persistence of these resources in the future. Thus, large companies should distribute larger amounts as dividends towards smaller companies, to communicate better performance in the future. Otherwise, the public will have a feeling of insecurity externa ...
The Effect of Government Policy on China`s Stock Market
... baker-brewer-butcher seeking trade has been enshrined in many economic books. Smith believes people’s rational egoism drives them to maximize their self-interests and in the meantime also benefits society. His ethical theory however is not equal to selfishness. He argued that the bank notes would co ...
... baker-brewer-butcher seeking trade has been enshrined in many economic books. Smith believes people’s rational egoism drives them to maximize their self-interests and in the meantime also benefits society. His ethical theory however is not equal to selfishness. He argued that the bank notes would co ...
Examples of Level II exam item set questions
... That evening, Martineau considers what action to take regarding the 5,000 shares of Muryan held in her husband’s personal account. The firm’s policy on personal investments and trading requires that Martineau receive approval from the compliance department in advance of all trades in securities in s ...
... That evening, Martineau considers what action to take regarding the 5,000 shares of Muryan held in her husband’s personal account. The firm’s policy on personal investments and trading requires that Martineau receive approval from the compliance department in advance of all trades in securities in s ...
The NASDAQ Stock Market, Inc.
... allows users to view quotes that were updated multiple times in a millisecond. After completing the analysis, NASDAQ-official replays or screenshots can be shared with customers or regulators, verifying compliance. Market Replay can greatly reduce the amount time spent researching questionable situa ...
... allows users to view quotes that were updated multiple times in a millisecond. After completing the analysis, NASDAQ-official replays or screenshots can be shared with customers or regulators, verifying compliance. Market Replay can greatly reduce the amount time spent researching questionable situa ...
Varun Beverages
... (pre-approved by PepsiCo) for which it does not enter into any long term supply contract. Further, the company has very limited pricing power. Hence, any fluctuation in prices may put pressure on the company’s profitability as it would be unable to pass on higher prices to customers. ...
... (pre-approved by PepsiCo) for which it does not enter into any long term supply contract. Further, the company has very limited pricing power. Hence, any fluctuation in prices may put pressure on the company’s profitability as it would be unable to pass on higher prices to customers. ...
Determinants of stock-bond market comovement in the Eurozone
... uncertainty is Bayesian Model Averaging (BMA). BMA takes the model uncertainty explicitly into account, by analyzing the entire model space i.e. by comparing all possible models that could be constructed from a set of potential explanatory variables simultaneously. Moreover, it helps to identify the ...
... uncertainty is Bayesian Model Averaging (BMA). BMA takes the model uncertainty explicitly into account, by analyzing the entire model space i.e. by comparing all possible models that could be constructed from a set of potential explanatory variables simultaneously. Moreover, it helps to identify the ...
2009018771602
... tranche, but—in another part of the decision—stated that the CMO paid interest monthly for some years before starting to pay back principal. The Hearing Panel concluded that the CMO was inappropriate for VG because its panelists believed that the Countrywide CMO was an “interest only” tranche. The H ...
... tranche, but—in another part of the decision—stated that the CMO paid interest monthly for some years before starting to pay back principal. The Hearing Panel concluded that the CMO was inappropriate for VG because its panelists believed that the Countrywide CMO was an “interest only” tranche. The H ...
Short (finance)
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In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them (""covering""). In the event of an interim price decline, the short seller will profit, since the cost of (re)purchase will be less than the proceeds which were received upon the initial (short) sale. Conversely, the short position will be closed out at a loss in the event that the price of a shorted instrument should rise prior to repurchase. The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position. In the securities markets, the seller generally must borrow the securities in order to effect delivery in the short sale. In some cases, the short seller must pay a fee to borrow the securities and must additionally reimburse the lender for cash returns the lender would have received had the securities not been loaned out.Short selling is most commonly done with instruments traded in public securities, futures or currency markets, due to the liquidity and real-time price dissemination characteristic of such markets and because the instruments defined within each class are fungible.In practical terms, going short can be considered the opposite of the conventional practice of ""going long"", whereby an investor profits from an increase in the price of the asset. Mathematically, the return from a short position is equivalent to that of owning (being ""long"") a negative amount of the instrument. A short sale may be motivated by a variety of objectives. Speculators may sell short in the hope of realizing a profit on an instrument which appears to be overvalued, just as long investors or speculators hope to profit from a rise in the price of an instrument which appears undervalued. Traders or fund managers may hedge a long position or a portfolio through one or more short positions.