VALUATION AND MANAGEMENT OF BONDS All Rights Reserved © Oxford University Press‚ 2011 2 CONTENTS Introduction Features of the bond Face Value l Coupon Rate Periodicity of coupon payments Maturity Redemption Value Fixed and Floating Rate Bonds Indexed Bonds Callable & Puttable Bonds C ll bl & P tt bl B d Zero Coupon and Deep Discount Bonds Convertible Bonds CHAPTER 6 Types of Bonds Types of Bonds Cash Flow of the bond VALUATION & MANAGEMENT OF BONDS 3
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author n. (ôth-au-r) - One who practices writing as a profession. 15 years is a long time and especially so for one who has not lived that long yet. Today teens like me are expected to know what they want do later in life. Maybe if it were not the twenty first century I could be imaginative but that would be childish (In case you didn’t know this is a CHILDRENS essay competition). However after a decade and a half I would like to be in a profession that is considered neither here nor there in terms
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have to pay if the FRA is settled on day 60? How much if it is settled on day 210? (b) If the interest rate on day 60 is 2.4%‚ how much will the lender have to pay if the FRA is settled on day 60? How much if it is settled on day 210? 2. Using information in Table 7.1‚ complete the following: (a) Given the zero-coupon bond prices‚ compute the implied forward rates from time 1 to time 2‚ time 2 to time 3 and time 1 to time 3. (b) Calculate the implied coupon rate of a 2-year par coupon bond that will
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Introduction Backed by 100 glorious years of experience in steel making‚ Tata Steel is among the top ten steel producers in the world with an existing annual crude steel production capacity of 30 Million Tonnes Per Annum (MTPA). Established in 1907‚ it is the first integrated steel plant in Asia and is now the world`s second most geographically diversified steel producer and a Fortune 500 Company. Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian markets
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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 in Federal funds are A) households
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The Air Brushing Debate. In your ICT Lessons this year‚ you been learning about photographic manipulation using software such as Serif PhotoPlus or Adobe PhotoShop. During these lessons you have seen how easy it is to make changes to photographic images. It’s even possible to completely remove people from a photo or maybe cut someone or something out from one picture & place them in another. You have made composite images by combining photos into layers to make a completely new scene. So surely
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and 2009. Industries % 1989 Manufacturing Retail Healthcare Construction Education Tourism 2009 15% 11.8% 9.6 % 7.6% 6.8% 5.5% 替换词 Working population‚ those in the workforce 如果你想描述 15% 这个数字 分子：15（制造业的劳动力） 100 （整个国家的劳动力） 9.8% 10.1% 11.3% 8.3% 7.5% 7.3% 可以说： 1 15% of the country’s working population worked in the manufacturing sector. 2 Those working in the manufacturing sector accounted for 15% of the country’s working population. 这个图是动态，强调趋势 总共有六个行业，分开写 第一段写 retail‚ healthcare，因为 2009 年的数据比较高
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Chapters in this Part Chapter 6 Interest Rates and Bond Valuation Chapter 7 Stock Valuation Integrative Case 3: Encore International © 2012 Pearson Education‚ Inc. Publishing as Prentice Hall Chapter 6 Interest Rates and Bond Valuation Instructor’s Resources Overview This chapter begins with a thorough discussion of interest rates‚ yield curves‚ and their relationship to required returns. Features of the major types of bond issues are presented along with their legal issues
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of Bonds Fixed rate bonds have a coupon that remains constant throughout the life of the bond. A variation are stepped-coupon bonds‚ whose coupon increases during the life of the bond. Zero-coupon bonds (zeros) pay no regular interest. They are issued at a substantial discount to par value‚ so that the interest is effectively rolled up to maturity (and usually taxed as such). The bondholder receives the full principal amount on the redemption date. High-yield bonds (junk bonds) are bonds that
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ALLOY STEELS I. A. ALLOYING ELEMENTS Any metallic element added during the making of steel for the purpose of increasing corrosion resistance‚ hardness‚ or strength. The metals used most commonly as alloying elements in stainless steel include chromium‚ nickel‚ and molybdenum. Characteristic of alloying elements Very important elements for alloy steels are manganese‚ nickel‚ chromium‚ molybdenum‚ vanadium‚ tungsten‚ silicon‚ copper‚ cobalt and boron. All commercial steels contain 0‚3-0
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