4.25 (a) the six-month zero-coupon bond rate is calculated as follows: Rm=[m*(FV-PV)]/PV Rm=[2*(100-98)]/98=0.0482 Then this is converted into a continuously compounding rate: Rc=m*ln(1+Rm/m) Rc=2*ln(1+0.0482/2)=0.04763 The 1 year zero-coupon bond rate is calculated as follows: Rm=[1*(100-95)]/95=0.05263 Then this is converted into a continuously compounding rate: Rc=1*ln(1+0.05263/1)=0.05129 The 1.5 year zero-coupon bond rate is calculated as follows:
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existence of an unclaimed municipal bond issued in 1883 by a town in Missouri. The bond was $100 with an interest rate on 10%. At a compound interest‚ what would be the bonds value in 2010. 2. (a) Joan read that a company issued eight-year‚ zero-coupon bonds at a price of 327 per 1‚000 par value. The question asked‚ was the yield on these bonds 15 percent‚ as Joan had calculated. Yes! (b) Assuming that bond discount amortization is tax deductible by the issuing corporation that has a .40
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Code Switching happens when a person that speaks two languages mixes them‚ or say borrows words from one language‚ to be clearer and more effective in his/her communication. All over the world a lot of Code Switching happens with English words being used in other languages‚ pardon‚ all over the world BUT in France‚ to be precise… Code Switching is always consciously chosen‚ doesn’t break any rule in either language and normally happens when one speaks both languages well enough (although I doubt
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Consider two zero coupon bonds‚ each with a face value of $1‚000. Bond A matures in 10 years and has a required rate of return of 10%. The price 1 of Bond A is $376.89‚ where PA = (1 + .10 / 2 )20 $1‚000 = $376.89 Bond B has a maturity of 5 years and also has a required rate of return of 10%. Its price is $613.91 or $1‚000 PB = = $613.91 (1 + .10 / 2 )10 By convention‚ zero coupon bonds are compounded on a semi -annual basis. Since almost all US bonds have semi-annual coupon payments‚ this
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FINS2624 S2 2012 Mockterm FAMILY NAME OTHER NAMES STUDENT ID SIGNATURE THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF BANKING AND FINANCE TIME ALLOWED: N/A To make sure that we can identify your exam if your student ID number is hard to read‚ please tick the boxes below to fill in your seven digit student ID number. Detailed instructions are on the next page. 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 M oc kt Page 1 of 21 Please see over er FINS2624 PORTFOLIO MANAGEMENT MOCK MID-TERM
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Introduction Floyd (2010) defines communication competence as communicating in means that are effective and appropriate in a given situation. Practitioners of competent communication can be observed to share several common characteristics. I will attempt to surface 4 of these characteristics‚ with specific references made to Mr Ian Low‚ blogger of The Silver Chef. Self-Awareness Self-awareness is defined as the awareness of how an individual’s behaviour affects others (Floyd‚ 2010). An effective
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ASSIGNMENT 1 Time Value of Money: PV & FV for Single Cash Flows 1.- Is this true or false? $100 invested for 10 years at 12% interest is worth more in FV terms than $200 invested for 10 years at 4% interest. (Answer: False) 2.- Megan wants to buy a designer handbag and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money (to the nearest whole dollar) will she need to earn today to buy the bag
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Case: Corning Inc.‚ Zero coupon convertible Bonds Cornhill needs funds to the order of $ 3.6 billion in cash to complete the acquisition of Pirelli. The company currently is planning to come up with an equity issue to raise $ 2.1375 billion at $ 71.25 per share. The remaining part of the fund requirements is furbished using zero coupon convertible debentures due in 2015‚ priced at $ 741.923 per $ 1‚000 principal amount. This offering price yields 2% p.a. compounded semi-annually. Corning is raising
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BACKGROUND OF THE STUDY One of the main problems of a school‚ institution‚ or college is their enrollment system. It plays a vital role in any school for it is responsible for an effective and efficient approach for both the students and schools. This only means that a poor management of an enrollment system could affect the operation of the school. Today‚ the use of technology has been an effective tool on improving such kind of enrolment system. This project looks at an Enrolment System for
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Name: Zachary Quek Suan Chieh I.D.: 112051-06965-010 Course: BCS account.h using namespace std; class Account{ protected: double balance; public: Account(double x){ balance = x;} virtual double getBalance(); virtual double debit(double x); virtual double credit(double x);}; account.cpp #include<iostream> #include"account.h" using namespace std; double Account:: debit(double x){ if(x>balance){ cout << "Debit amount exceeded account balance." << endl;}
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