Corporate Finance
... Primary: directional risks from taking a net long/short position in a given asset class o Interest rate / currency / equity / commodity Secondary: other o Volatility / spread / dividend o Many trading books are managed with the objective of reducing primary risks… at the expense of an increase ...
... Primary: directional risks from taking a net long/short position in a given asset class o Interest rate / currency / equity / commodity Secondary: other o Volatility / spread / dividend o Many trading books are managed with the objective of reducing primary risks… at the expense of an increase ...
financial system
... A bond is a certificate of indebtedness that specifies obligations of the borrower to the holder of the bond. IOU In other words—an I.O.U! Characteristics of a Bond: • Term: The length of time until the bond matures. • Credit Risk: The probability that the borrower will fail to pay some of the inter ...
... A bond is a certificate of indebtedness that specifies obligations of the borrower to the holder of the bond. IOU In other words—an I.O.U! Characteristics of a Bond: • Term: The length of time until the bond matures. • Credit Risk: The probability that the borrower will fail to pay some of the inter ...
(Attachment: 5)Report (79K/bytes)
... previous short term asset allocation. The current political, economic and market conditions are similar to previous advice provided at meetings and do not suggest any need to make any major strategy changes. Currently, the key component when setting the short term asset allocation is the Bond yield ...
... previous short term asset allocation. The current political, economic and market conditions are similar to previous advice provided at meetings and do not suggest any need to make any major strategy changes. Currently, the key component when setting the short term asset allocation is the Bond yield ...
here
... public equity (both fundamental and quantitative), and real estate. Effective December 31, 2012, Prudential International Investments became part of PGIM, historical financial results have been restated to reflect the combined businesses. 2 Pensions & Investments’ Top Money Managers list, May 30, 20 ...
... public equity (both fundamental and quantitative), and real estate. Effective December 31, 2012, Prudential International Investments became part of PGIM, historical financial results have been restated to reflect the combined businesses. 2 Pensions & Investments’ Top Money Managers list, May 30, 20 ...
Capital components: debt, preferred stock, and common stock
... The flotation costs are highest for common equity. However, since most firms issue equity infrequently, the per-project cost is fairly small. We will frequently ignore flotation costs when calculating the WACC. 5. Weighted Average Cost of Capital (WACC) If all new equity will come from retained ...
... The flotation costs are highest for common equity. However, since most firms issue equity infrequently, the per-project cost is fairly small. We will frequently ignore flotation costs when calculating the WACC. 5. Weighted Average Cost of Capital (WACC) If all new equity will come from retained ...
implied volatility - AlphaShark Trading
... ADT a trader bought 22,000 ADT April 43 Calls for $.30. The stock has increase $3 in value, the Delta of these Calls were $.10. In theory the Calls should increase in value $.30 from $.30 to $.60. ...
... ADT a trader bought 22,000 ADT April 43 Calls for $.30. The stock has increase $3 in value, the Delta of these Calls were $.10. In theory the Calls should increase in value $.30 from $.30 to $.60. ...
Money Market Securities
... Federal funds rate usually slightly higher than Tbill rate Fed district bank debits and credits accounts for purchase (borrowing) and sale (lending) Federal funds brokers may match up buyers and sellers using telecommunications network Usually $5 million or more ...
... Federal funds rate usually slightly higher than Tbill rate Fed district bank debits and credits accounts for purchase (borrowing) and sale (lending) Federal funds brokers may match up buyers and sellers using telecommunications network Usually $5 million or more ...
aec4202 agricultural finance - Makerere University Courses
... 3 Credit units: 30 lecture hours (2 contact hour per week for 15 study weeks) and 30 tutorial hours. This course is taught in the upper lecture theatre under the department of Agricultural Economics and Agribusiness. 5. COURSE DESCRIPTION: Agricultural Finance addresses financing challenges and oppo ...
... 3 Credit units: 30 lecture hours (2 contact hour per week for 15 study weeks) and 30 tutorial hours. This course is taught in the upper lecture theatre under the department of Agricultural Economics and Agribusiness. 5. COURSE DESCRIPTION: Agricultural Finance addresses financing challenges and oppo ...
Experimental Macroeconomics - UCI School of Social Sciences
... live several two-period lives over the course of an indefinite sequence of periods. Marimon and Sunder (1993) argue that this repeated entry and exit of subjects does not induce any strategic opportunities that are not already present in the overlapping generations model without “rebirth.” Indeed, t ...
... live several two-period lives over the course of an indefinite sequence of periods. Marimon and Sunder (1993) argue that this repeated entry and exit of subjects does not induce any strategic opportunities that are not already present in the overlapping generations model without “rebirth.” Indeed, t ...
Risk, Return and Capital Budgeting
... In doing an NPV, IRR, or PI analysis, we need to have the relevant discount rate for our project. Now that we have a better understanding of the relation between expected return and risk, we can use this to develop an appropriate discount rate (cost of capital or opportunity cost of capital) for our ...
... In doing an NPV, IRR, or PI analysis, we need to have the relevant discount rate for our project. Now that we have a better understanding of the relation between expected return and risk, we can use this to develop an appropriate discount rate (cost of capital or opportunity cost of capital) for our ...
H1 2007 - First Trust Bank
... accompanying slides will not be based on historical fact, but will be “forwardlooking” statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward looking statements. Factors that could ...
... accompanying slides will not be based on historical fact, but will be “forwardlooking” statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward looking statements. Factors that could ...
Price/Book and Price/Sales Ratios
... Take a look at chemical company Du Pont DD. Although its P/E was as low as 13 and as high as 29 between 1994 and 1999, its P/S stayed between 1.7 and 2.7. The P/S ratio is also helpful in evaluating firms with negative earnings--which is why it's become such a popular tool for evaluating Internet st ...
... Take a look at chemical company Du Pont DD. Although its P/E was as low as 13 and as high as 29 between 1994 and 1999, its P/S stayed between 1.7 and 2.7. The P/S ratio is also helpful in evaluating firms with negative earnings--which is why it's become such a popular tool for evaluating Internet st ...
Finite difference methods for sensitivity
... Traditional option sensitivities Consider an equity option with a non-normalised pricing function P (S), depending on the underlying stock price S and possibly on some other risk drivers or parameters. Since we are only interested in the variations with respect to the underlying stock price in the p ...
... Traditional option sensitivities Consider an equity option with a non-normalised pricing function P (S), depending on the underlying stock price S and possibly on some other risk drivers or parameters. Since we are only interested in the variations with respect to the underlying stock price in the p ...
The equation of a line 1. Given two points: (x1,y1), (x2,y2). Compute
... “What selling price leads to the largest possible profit?” “Compute the shutdown price (SDP).” ...
... “What selling price leads to the largest possible profit?” “Compute the shutdown price (SDP).” ...
Trabajo presentado
... the desired residual term should be stationary, re‡ecting the rational behavior of economic agents under this model. ...
... the desired residual term should be stationary, re‡ecting the rational behavior of economic agents under this model. ...
MACROPRU. 5 principles for macroprudential policy
... It was not a failure of economics. It was a failure to apply economics to the right question. Without economics, the answers to “how bad could it be?” relied all too often on recent historical precedent; on this time being different. ...
... It was not a failure of economics. It was a failure to apply economics to the right question. Without economics, the answers to “how bad could it be?” relied all too often on recent historical precedent; on this time being different. ...
Supply - Images
... Futures/Options. – Gasoline prices… Investors expect oil prices to rise due to gov’t regulations, investors buy more oil stock, causes the price of oil to rise which causes gasoline prices to rise, investors make dividends. – Hurricane & Gas Prices: Hurricane shuts down supply of oil which causes a ...
... Futures/Options. – Gasoline prices… Investors expect oil prices to rise due to gov’t regulations, investors buy more oil stock, causes the price of oil to rise which causes gasoline prices to rise, investors make dividends. – Hurricane & Gas Prices: Hurricane shuts down supply of oil which causes a ...
Chapters 1 and 2
... analysis and forecasting, production and cost, and pricing and output decisions that face managers. Increased emphasis is placed on international economic issues. Each chapter is outlined, with key formulas and concepts emphasized. The outline is followed by true/false and multiple choice questions. ...
... analysis and forecasting, production and cost, and pricing and output decisions that face managers. Increased emphasis is placed on international economic issues. Each chapter is outlined, with key formulas and concepts emphasized. The outline is followed by true/false and multiple choice questions. ...