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
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Hall of Roids? Barry Bonds is regarded as one of the greatest baseball players in the history of the game. However‚ after a court trial against his trainer‚ it was proven that Barry Bonds had used steroids during training throughout his baseball career. Now his record of 73 home runs in a season has a big asterisk next to it (Bunning). Yet‚ Barry Bonds and many other athletes are still inducted into their sports’ Hall of Fame even though they used steroids. Athletes who used steroids should
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James Bond James Bond‚ 007 characters Ian Fleming’s image of James Bond; commissioned to aid the Daily Express comic strip artists. First appearance Casino Royale‚ 1953 novel Last appearance Carte Blanche‚ 2011 novel Created by Ian Fleming Information Gender Male Occupation 00 Agent Title Commander (Royal Naval Reserve) Family Andrew Bond (Father) Monique Delacroix Bond (Mother) Spouse(s) Teresa di Vicenzo (widowed) Harriett Horner (invalid) Significant other(s) Kissy Suzuki Children
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in East Asia East Asia is known for its culture and long history that stretches for thousands of years. Their long history paved way to the development of their rich culture and traditions and this is very evident to their festivities and occasion. One way to see the development of their culture through the years is through their wedding traditions. It is where you will see the intricate pattern of how people live and their belief in each era. Korea Korea is one of the countries in East Asia
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I admit I made a mistake Over stepping some boundaries which made me look fake. I always said I would never do the things I did‚ and that is the reason it is so hard for you to forgive. It’s been so long‚ so many times we said we’d try only to turn around and make each other cry Remember how it was when we first started out‚ So much alike‚ we shared every thought We fell so fast‚ maybe fell in love too soon Made a huge decision that now we cannot undo. I admit my mistakes
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INTRODUCTION 1.1 WHAT IS BOND? In finance‚ a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security‚ under which the issuer owes the holders a debt and‚ depending on the terms of the bond‚ is obliged to pay them interest (the coupon) and/or to repay the principal at a later date‚ termed the maturity. Interest is usually payable at fixed intervals (semi-annual‚ annual‚ and sometimes monthly). Very often the bond is negotiable‚ i.e. the ownership of the
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Network Expansion The fundamental characteristics and components of the a network of communications is well put together and is suited to their needs to support three stores. The Kudler network is small and only automated at the store level. In analyzing the current network setup‚ a determination will be made on a new network design. This will better automate the network communications between all physical locations of Kudler Fine Foods. Kathy Kudler’s business is still growing with a
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Topic 4 - Bonding 4.1 Ionic bonds 4.1.1 Ionic bond: +ve (cations) and -ve (anions) ions are attracted to each other and form a continuous ionic lattice 4.1.2 Group 1 metals form +1 ions‚ group 2 metals form +2 ions‚ metals in group 3 form +3 ions . Examples : Li+‚ Mg2+‚ Al3+. Greater ease of ionisation Li->Cs is due to the increased electron shielding of the nuclear attraction caused by additional inner shells of electrons. The easier atoms are to ionise‚ the more reactive they
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between the two countries where a direct result of different nation policies. The United States had a policy of westward expansion‚ while Mexico had a policy
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East/West Characterising Toilet attendant: “this in nothing yet.” “I don’t know if it’s a threat or a boast. This is what they call Berliner Schnaeize –snont. Its attitude; it in your face.” Anna: “I liked the sweeping rouge of words from ‘heartfelt’ to ‘heartsick’. And I liked the order‚ the directness that I imagined in the people.” On the former GDR “….its bewildered people.” “The demonstrators‚ in shock‚ obediently pulled their cards from their wallets. Then they seized the buildings
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