Assignment no. 1 Fixed Income Securities and Markets 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
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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Bond P is a premium bond with a 12 percent coupon. Bond D is a 6 percent coupon bond currently selling at a discount. Both bonds make annual payments‚ have a YTM of 9 percent‚ and have five years to maturity. The current yield for Bonds P and D is percent and percent‚ respectively. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g.‚ 32.16)) | If interest rates remain unchanged‚ the expected capital gains yield over the next year for Bonds P and D is percent
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Face 2 Face communication Many people believe that the internet has destroyed the ability to communicate face to face. Nowadays‚ there are several popular social networks that many people use to communicate with their friends or their relatives. For example‚ facebook and twitter are the most popular social networks. Internet was the best invention in the twentieth century which has both advantages and disadvantages. In addition to one of the disadvantages is the end of the ability for face to
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Whenever a student is being asked to write an essay about 1000 words‚ a buzz sound is definitely going to alarm his/her head and student kept wondering about the length of 1000 words essay. Students want to complete the tricky assignment as soon as possible ignoring the quality of essay writing. Whether you write 1000 word essay or 250 words essay‚ your essay won’t worth the penny if it doesn’t have the quality to be appraised. Some students are very fond of filling in the pages without considering
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House of 1000 Corpses is the 1st motion picture directed by rocker Rob Zombie‚ directed in 1999 this movie wasn’t released until 2003 because the MPAA said the movie is the most disturbing movie you’ll ever see. The cast is brillant with (Sid Haig) playing the ever so loving clown Captain Spaulding. (Bill Mosley) Chop top from Texas Chainsaw Massacre II plays Otis Driftwood‚ an outcast to the firefly family but still a family member. (Karen Black) plays Mother firefly‚ with Sheri Moon Zombie in her
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Convertible Bonds A convertible bond is a bond that can be converted into shares of common stock. Therefore‚ these are two sources of value for this security: the value of the bond components‚ and the value from possibly converting the security into shares of common stock. Features of a Convertible Bond The basic features of a convertible bond can be illustrated by a hypothetical example. On November 1‚ 2003 ("today")‚ Apple‚ had $400 million in 8.80 percent (annual payments) convertible bonds due in
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Lecture 03: Applying the Time Value of Money to Security Valuation – Valuation of Bonds and Debt Securities A bond or a debenture is a long term debt instrument carrying a fixed rate of interest which is known to investors. A bond is redeemable after a specified period. Bonds are also called gilt edged securities or gilt when issued by the government since it is free of default risk. Features of a Bond or Debenture • Face Value – Face value is called par value. A bond / debenture is generally
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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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ART 1000 Professor Pamela Bramble Art Appreciation / on-line 860.626.6821 Department of Art and Art History pamela.bramble@uconn.edu University of Connecticut Spring 2013 CALENDAR / WEEKLY SCHEDULE The specifics of the Getlein chapter reading assignments are found within each Session. All assignments‚ activity postings and requested communications with one another & professor due by midnight of the day noted unless stated otherwise. Check
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