Thị trường tài chính và các định chế tài chính Chapter 12

... eighths  Corporate bond quotations normally include the volume of trading and the yield to maturity 1 Chapter 7 Bond Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, ... be purchased  Noncompetitive bids specify only a dollar amount of securities to be purchased 12 Computing the Interest Payment of an Inflation-Indexed Bond A 10-year bo...

Ngày tải lên: 17/10/2013, 11:15

... years92.1 )10.1( 090,1$ )10.1( 90$ )10.1( )2(090,1$ )10.1( 90$ )1( )1( )( DUR 21 21 1 1 = + + = + + = ∑ ∑ = = n t t t n t t t k C k tC 1 Chapter 8 Bond Valuation and Risk Financial Markets and Institutions, 7e, Jeff Madura Copyright ... average of bond durations, weighted according to relative market value: ∑ = = m j jjp w 1 DURDUR 2 Chapter Outline  Bond valuation process  Relatio...

Ngày tải lên: 19/10/2013, 17:15

... ensures adequate liquidity  Exchanges charge a listing fee, which depends on the size of the firm 12 Initial Public Offerings (cont’d)  Abuses in the IPO market  In 2003, regulators attempted ... returns and high risk  May be volatile because of fewer shares and trading based on rumors 2 Chapter Outline  Background on stock  Initial public offerings  Secondary stock offerings ...

Ngày tải lên: 23/10/2013, 15:15

... 2 Chapter Outline  Stock market transactions  How trades are executed  Regulation of stock trading  How ... whether existing regulations are successfully preventing abuses ad revise regulations as needed 12 Computing the Return on A Cash Purchase Compute the return that would have been realized in

Ngày tải lên: 27/10/2013, 22:15

... Business Daily  Analyst rating services typically charge subscribers between $100 and $600 per year 12 Stock Valuation Methods (cont’d)  Adjusting the dividend discount model  The value of the stock

Ngày tải lên: 27/10/2013, 22:15

... 1 Chapter 15 Interest Rate Derivative Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright

Ngày tải lên: 06/11/2013, 08:15

... 94 12. What is Barnie’s net gain from this strategy if he exercises the option and closes out the position by purchasing an identical futures contract? %63.90 000,2$ 50. 812, 1$ ROI 50. 812, 1$000,2$50.187,94$000,98$gain ... relatively well 12 Background on Options (cont’d)  Stock option quotations (cont’d) Strike Exp. Vol. Call Vol. Put McDonald’s 45 Jun 180 4 1/2 60 2 3/4 45 Oct...

Ngày tải lên: 06/11/2013, 08:15

... (LIFFE), the Singapore International Monetary Exchange (SEMEX), and Sydney Futures Exchange (SFE) 3 Chapter Outline (cont’d)  Hedging with interest rate futures  Bond index futures  Stock index ... Out the Futures Position A speculator purchased a futures contract on T-bonds at a price of 90 12. Two months later, the speculator sells the same futures contract in order to close out t...

Ngày tải lên: 06/11/2013, 08:15