Mid Term – October 2014 Bond Pricing Qu 1: Time to Maturity Zero Coupon Rate Discount Factor 1 5% 2 6% 3 7% 4 8% 5 9% Give the formula for the discount factor in terms of the zero coupon rate. Use the formula to fill in the discount factors in the table above (you can write the formula or using excel calculate the numerical value). Assume that the government wishes to issue a new 5 year bond priced at 100 (called a par coupon bond as it is priced at par i.e. the price is the same as the face
Premium Bond Bonds Investment
effects of a zero tolerance policy at School A where there was no opportunity for students to avoid sanctions by improving their behaviour. In my practice as a teacher at School A‚ the impact of isolation as a consequence of this type of policy was a cause of concern for me and is discussed later in the
Premium Education Teacher School
During the seventeenth century in England‚ outside temperatures reached so low during the winter that it is actually considered to be a “mini ice age” by scientists today. During this time‚ people were still somewhat fatalistic and believed that cold was an act of god‚ and that people should just leave it alone. That was until an alchemist named Cornelius Drebbel came along. Drebbel bet the King he could turn summer into winter by chilling the air in the Great Hall of Westminster. Drebbel did
Premium Temperature Celsius Fahrenheit
one can work” (John 9:4‚ ESV). In biblical worldview‚ many scriptures identify time and work related approaches. Project duration is an important aspect of the project. Klansek‚ U.‚ & Psunder‚ M. (2008) stated‚ “Each activity within project network is characterized by its precedence relations‚ duration‚ and resource requirements”. After doing Part 1 of the Red Zuma project‚ I realized that many factors can affect the project duration. For example‚ if the resources are overallocated they can get leveled
Premium Management Costs Cost
different mathematical methods. It is believed that the Egyptians and Babylonians were the first persons to estimate the value of pi during the period 2000 B.C. The Babylonians estimated its value as 3+1/8 = 3.125 while Egyptians were calculated it as 3.16045 During the period 1200 B.C. Chinese estimated its value as 3. In the Bible it is written “....and he made molten Sea‚ Ten cubits from the one brim to the other; it was round all about‚ and his height was five cubits: and a line of
Premium
From traditional budget planning to zero-based budgeting (Relevant to PBE Paper II: Management Accounting and Finance) Dr Fong Chun Cheong‚ Steve‚ School of Business‚ Macao Polytechnic Institute Introduction A budget is an important financial plan that incorporates a systematic analysis and interpretation of financial forecasts in terms of products‚ markets and the application of resources. It requires managers to plan. It needs operational and financial resources information for decision making
Premium Budget Cost Budgets
velvet seats to chandeliers in the din ing car—a lot of employees brought family or friends along to experience the atmosphere. There were usu ally a number of out-of-towners on board as well‚ having caught the connection out of Latham‚ but Nyberg would have bet that nine out of ten of them worked for Umbrella‚ too. Without the pharmaceuti cal giant’s support‚ Raccoon City wouldn’t even be a wide spot in the road. One of the car attendants walked past‚ nodding at Nyberg when he saw the Umbrella pin on
Premium
United States celebration of Halloween. Burning Easter bonfires is a Pagan custom meant to keep witches at bay. Vappu‚ or May Day is a national holiday‚ an event for Finns to emphatically welcome spring after several months of little daylight. It can be compared to Mardi Gras with parades and parties. Traditionally‚ the event begins on the eve of Vappu by former and current students putting on their student caps (graduation cap). Finnish Independence Day is the 6th of December and a national
Premium Finland Bathing Christmas
TECHNIQUES FOR ESTIMATING TASK DURATIONS IN PROJECT MANAGEMENT As part of planning a project‚ tasks are assigned to project team members. Durations for task completion are also specified. Task duration estimation is necessary since it helps in cost and resource estimation. Iranmanesh and Mokhtari (2008)‚ further affirmed the importance of project duration estimation by saying that‚ estimation of time and cost to complete work in a project and follow up them during implementation are major contributors
Premium Project management
and evaluate research into the duration of memory (12 marks) Peterson and Peterson researched into the duration of the STM. They used trigrams and asked their participants to recall them after a retention interval‚ the retention interval was different every time. They found that after 3 seconds participants could recall about 90% correctly but after 18 seconds only 2% could be recalled correctly. Peterson and Peterson concluded that the STM has a limited duration and when rehearsal is prevented
Premium High school