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Transferring Portfolio Selection Theory to Customer Portfolio
Transferring Portfolio Selection Theory to Customer Portfolio

Valuing Common Stock - Pearson Higher Education
Valuing Common Stock - Pearson Higher Education

... share and because they do not expect to grow, all earnings are paid out as dividends. Thus all future dividends are expected to be $5.00 per share. If investors require a 10% rate of return, the stock’s value today is: ...
Regulatory Sanctions and Reputational Damage in Financial Markets
Regulatory Sanctions and Reputational Damage in Financial Markets

Conventional annuity solution
Conventional annuity solution

Financial Market Imperfections and the Pricing Decision of Firms
Financial Market Imperfections and the Pricing Decision of Firms

Notice Regarding Year-end Dividend for the Fiscal Year
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... 20-F for the fiscal year ended March 31, 2016, Sony believes that continuously increasing corporate value and providing dividends are essential to rewarding stockholders. It is Sony’s policy to utilize retained earnings, after ensuring the perpetuation of stable dividends, to carry out various inves ...
Chapter 10 - Externalities
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... – If private parties can bargain without cost over the allocation of resources • They can solve the problem of externalities on their own ...
The comovement between sovereign and bank credit risk
The comovement between sovereign and bank credit risk

... risk measures through a Vector error-correction model (VECM). In particular, following a preliminary specification analysis, we test and find evidence of the hypothesis that a combination of the two risk measures is stationary. This allows us to conclude that the European sovereign and bank credit r ...
Monetary Policy, Financial Conditions, and Financial Stability
Monetary Policy, Financial Conditions, and Financial Stability

... the Taylor rule—which describes the stance of monetary policy with respect to inflation and real activity—is derived by taking first order approximations around the steady state, thus explicitly abstracting from downside risk considerations. ...
Using Financial Ratios to Predict Financial Distress of Jordanian
Using Financial Ratios to Predict Financial Distress of Jordanian

... important indicator to judge the performance of such industrial companies, was by analyzing 10 financial ratios derived from the financial statements a sample of 22 companies for tracking food industrial public sector in Syria, 12 of them failed and 10 is non-failed in the period (1999-2000) using d ...
Developing the Rural Economy through Financial Inclusion
Developing the Rural Economy through Financial Inclusion

... of the world’s adult population had an account at a formal financial institution or had access to mobile money services in 2014.2 The data shows a gap between women and men with 58 per cent and 65 per cent respectively. The geographic regions with the lowest level of financial inclusion are the Midd ...
introduction to personal investing
introduction to personal investing

... represented by the S&P 500; bonds are represented by US long-term government bonds from 1926 to January 1962, US five-year Treasuries from February 1962 to 1975, and Barclays Capital US Aggregate Index 1976 and thereafter; T-bills are represented by three-month Treasury bills; and inflation by the C ...
PCC Financial Ratios for Fiscal Years 2007-2016
PCC Financial Ratios for Fiscal Years 2007-2016

... Financial Reporting for Pensions’ effective fiscal year 2015. This accounting change impacts the way the College accounts for its share of pension liability for the two defined benefit retirement plans that the College contributes to the Arizona State Retirement System (ASRS) and the Public Safety P ...
NBIM DIscussIoN NoTE Momentum in Futures Market
NBIM DIscussIoN NoTE Momentum in Futures Market

... global equities and bonds. The authors show that this diversification effect holds for different portfolio weighing schemes. Moskowitz, Ooi and Pedersen (2012) show empirically that time-series momentum strategies in the futures market have payoffs similar to an option straddle on equity markets, de ...
Chapter 6 Bonds, Bond Prices and the Determination of Interest Rates
Chapter 6 Bonds, Bond Prices and the Determination of Interest Rates

... The Bond Market and the Determination of Interest Rates • How are bond prices determined and why do they change? • We must look at bond supply, bond demand, and equilibrium prices. • First we will restrict discussion to the quantity of bonds outstanding - stock of bonds. • Secondly, we will talk ab ...
Chapter 6 Bonds, Bond Prices and the Determination of Interest Rates
Chapter 6 Bonds, Bond Prices and the Determination of Interest Rates

... The Bond Market and the Determination of Interest Rates • How are bond prices determined and why do they change? • We must look at bond supply, bond demand, and equilibrium prices. • First we will restrict discussion to the quantity of bonds outstanding - stock of bonds. • Secondly, we will talk ab ...
a non-zero-sum game approach to convertible bonds: tax benefit
a non-zero-sum game approach to convertible bonds: tax benefit

vtg ag quarterly statement q1/2016
vtg ag quarterly statement q1/2016

Investor Sentiment and Beta Pricing
Investor Sentiment and Beta Pricing

... investigate the minimum sample variations in parameters required to ensure that the chosen proxy remains mean/variance efficient. They find that with minor variations in parameters, well within estimation error bounds, suffice to ensure that ex ante efficiency of the market portfolio cannot be rejec ...
Interest Rate Swap
Interest Rate Swap

... ■ More complex contracts can be concluded in the OTC market, where e.g. ● The notional vary with time ● The contract is not spot but forward ● One or both legs are function of more than one reference rates (structured swaps) ...
Deferred Fixed Annuities
Deferred Fixed Annuities

... compounded annually. Hypothetical results assume no withdrawals are made, and do not reflect the impact of taxes. All earnings and interest in tax-deferred qualified accounts and annuities are taxed as ordinary income upon withdrawal, and, if withdrawn before age 59½, may also be subject to a 10% IR ...
Continuous-Time Mean-Variance Portfolio Selection with
Continuous-Time Mean-Variance Portfolio Selection with

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How the Stock Market Works 2

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ldc-top-ten-topics

... Understand the situations in which it is necessary for a contract to be in writing to be enforceable. ...
A Raisin in Reserve: Horne, Takings, and the Problem of
A Raisin in Reserve: Horne, Takings, and the Problem of

... A. The Private Nature of Price Supports .............................. 742 ...
< 1 ... 135 136 137 138 139 140 141 142 143 ... 409 >

Financial economics

Financial economics is the branch of economics characterized by a ""concentration on monetary activities"", in which ""money of one type or another is likely to appear on both sides of a trade"". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or ""investment theory"") and corporate finance; the first being the perspective of providers of capital and the second of users of capital.The subject is concerned with ""the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics. Note though that the emphasis there is mathematical consistency, as opposed to compatibility with economic theory.Financial economics is usually taught at the postgraduate level; see Master of Financial Economics. Recently, specialist undergraduate degrees are offered in the discipline.Note that this article provides an overview and survey of the field: for derivations and more technical discussion, see the specific articles linked.
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