CORPORATE BOND MARKET DEVELOPMENT IN KENYA There are several good reasons for developing bond market. The most fundamental reason is to make financial and capital market more complete by generating market interest rates that reflect the opportunity cost of funds at each maturity. This is essential for efficient investment and financing decisions. Moreover the existence of tradable instruments helps risk management. Further the use of financial guarantees and other types of underwriting is becoming
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Yield of CuCl2.2DMSO Formula weight (Mr) of CuCl2 = 63.55 + (35.45 x 2) =134.45g/mol Formula weight of product CuCl2.2DMSO = 134.45 + 2[16 + 32.06 + (12.01 x 2) + (1.0079 x 6)] = 290.704g/mol Mass of CuCl2= 0.850g Equation for reaction CuCl2 + 2DMSO -> CuCl22DMSO Mole ratio between CuCl2 and CuCl22DMSO = 1:1 Mole of CuCl2 = Mass/ Mr = 0.850/134.45 = 0.00632 moles Since the ratio between CuCl2 and CuCl22DMSO = 1:1‚ mole of CuCl2DMSO is also 0.0063 moles. To find theoretical yield of CuCl2
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Maturity Looking at the word maturity from society’s perspective‚ what it means is to become an adult‚ to be a man or a woman instead of a boy or a girl‚ or to simply be old enough to attend the screening of an R-rated movie. But the actual meaning of being mature goes beyond turning 18 years old. Becoming Mature means gaining the ability to manage your self‚ knowing how to handle certain situations and thinking of the consequences of your actions. My mother always told me‚ maturity is defined
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BONDS Bonds pay fixed coupon (interest) payments at fixed intervals (usually every six months) and pay the par value at maturity. Par value = $1‚000 Coupon = 6.5% or par value per year‚ or $65 per year ($32.50 every six months). Maturity = 28 years (matures in 2032). Issued by AT&T. Types of Bonds Debentures - unsecured bonds. Subordinated debentures - unsecured “junior” debt. Mortgage bonds - secured bonds. Zeros - bonds that pay only par value at maturity; no coupons. Junk bonds - speculative or
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The Yield Curve is very similar to the term structure except that it is based on coupon bond yields whereas the term structure is based on only pure discount bonds. In looking at the current Yield Curve we can see that the general shape is that of an upward-sloping structure. In relation to anticipated future inflation this curve indicates that inflation is expected increase which is evident by the increasing size of the inflation premium wedge that is causing the overall curve to slope upward
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My Decision Nastassja Matthews Eng 121 Deborah Zeringue January 7‚ 2013 My Decision As a young adult‚ I had made a major decision and commitment to return to school. I wanted a career that I would enjoy doing and be able to separate my life between home and work; I can be myself while I’m at work. Based on my decision to return to school was challenging for me because I was not sure on what I wanted as my career. I did some research and found out that I wanted to be a teacher because
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a. Why is corporate finance important to all managers? Corporate finance is important to all mangers because it lets them know the company’s financial situation before any decisions can be made within the organization. It helps managers develop strategic financial issues associated with achieving goals. Having a solid understanding of corporate finance helps mangers find ways to raise and manage its capital‚ which type of investments the firm should make‚ if profits are earned‚ how these profits
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Question A.1 Given the following bond: |starting date |30/09/2011 | |maturity date |30/09/2014 | |coupon rate |4.00% | |coupon frequency |annual | |day count |act/act | |nominal value |100 | a) Calculate the price of the security on the 30/09/2011‚ if the yield to maturity is 5% (NB: Price=PV of future
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market instrument? A) a sixmonth CD B) a threemonth Treasury bill C) a tenyear bond D) an agreement for a bank to loan funds directly to a company for nine months. 7. Which of the following is a money market security? A) Treasury note B) municipal bond C) mortgage D) commercial paper 8. The most common investors
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VaR‚ Stressed VaR‚ and Expected Shortfall Jim Chen* This note summarizes the measurement of market risk in the trading book under the most recent accords of the Basel Committee on Banking Regulation‚ known as Basel II‚ 2.5‚ and III. Each of these three accords on global banking regulation has embraced a different primary measure of market risk: traditional value-at-risk (VaR)‚ stressed VaR‚ and expected shortfall. After introducing the mathematics of VaR and expected shortfall‚ this note will
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