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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CHEMICAL BONDING MOKAN A/L VELAN (SCPNG0000019030) SANDEEP SINGH JASPREET SINGH TABLE OF CONTENT Contents IONIC BOND 2 METALLIC BOND 9 The "Sea of Electrons" Theory 14 Conductors‚ Insulators and Semiconductors 16 25 IONIC BOND Ionic bond is formed when electron transferred from a valence shell of an atom to the valence shell of another atom. Ionic bond involves electron transfer across two atoms. The atom which donates the electron is called cation which is a positive ion whereas
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Introduction A lot has been written about Ruskin Bond‚ our very own Indian writer‚ whose writing s span over 50 years. His versatile‚ original and elegant style of writing has made him a favourite to readers around the world. Despite Bond’s British background‚ he writes about India as an insider’s perspective. Having lived the majority of his life in India‚ he knows the country well and writes an authenticity and emotional engagement about the land and the people of the Himalayas and small-town India
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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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Abstract The case GMO: The Value versus Growth Dilemma describes Dick Mayo’s puzzlement by the New Economy’s continuous bias toward growth-investment strategies. As one of the most celebrated value investors in the United States‚ he examines the basics of his philosophy versus that of a growth orientation by evaluating long-term expected returns of several value and growth stocks. The following paper was examined to pursue several objectives: (1) to define value and growth investing – where the
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Sherman in 1982 identified the diverse values of police offices. The first attitude and value that he mentioned to be the most essential is the loyalty‚ which is the strong devotion and allegiance towards the members of the organization. An officer neglects his role and does cover up for his fellow officer to be able to protect him from penalty. Second is the public and the enemy. He stated that the police officers must employ their roles efficiently to be able to determine the casualty and the
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Athenian Democracy and Modern New Zealand democracies This essay will explain the themes and patterns of ancient Athenian democracy and modern New Zealand democracy‚ their similarities and differences‚ cultural expectations and codes of behaviour. Greek civilizations thrived for almost 1300 years ago. Ancient Greeks lived in Greece and countries we now call Turkey and Bulgaria. They became very powerful they were the most powerful between 2000 BC and 146 BC. One king or monarch did not rule ancient
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Framing of news and news values The World According to Americans “Journalists speak of „the news‟ as if events select themselves…[T]hey speak as if which is the most significant news story‚ and which news angles are most salient‚ are divinely inspired. Yet of the millions of events which occur every day in the world‚ only a tiny proportion ever become visible as „potential news stories‟‚ and of this proportion‚ only a small fraction are actually produced as the day‟s news in the news media” (Hall
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Competitiveness TO5103 28/01/2015 Tourism New Zealand Three Year Marketing Strategy FY 2014 – FY2016 - “Leveraging a strong foundation to accelerate growth” Prepared for: Prepared by: Dr Donna E. Little Nguyen Thanh Ngoc 12877307 Alana Thomson Rui Zhang 12899823 Luixi He 12879568 Table of Contents I. Introduction 3 II. Background information of destination‚ the DMO and Tourism New Zealand Marketing Strategy II.1. Overview about New Zealand Tourism II.2. Brief information about the
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borrowing money by issuing bonds is that interest payments‚ unlike dividends‚ are tax-deductible. But interest has to be paid even in a year in which a company makes no profit‚ so it is safer to have equity capital as well‚ on which no dividends need be paid if there are no profits. 4/29/2014 3 4 • What are differences between bonds and shares? Stocks and Bonds Which security is better? 4/29/2014 4/29/2014 5 1 4/29/2014 STRUCTURE BONDS - a form of debt with
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