http://www.papercamp.com/essay/11828/Tree-Values-Case Section 1 – Executive Summary This report analyzes the case “Tree Values” to find an optimal way for Mr. Smith to manage his forestland and harvest the crop trees. The fundamental idea in this report is based on the concept of present value. A number of options are analyzed and the one with highest present value of pay off is considered. Questions 9‚ 10‚ and 11 give Mr. Smith 3 options: * Option 1: Harvest all crop trees now and receive $8
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Carry Trades and Currency Crashes Markus K. Brunnermeier‚ Princeton University‚ NBER‚ and CEPR Stefan Nagel‚ Stanford University and NBER Lasse H. Pedersen‚ New York University‚ NBER‚ and CEPR I. Introduction This paper studies crash risk of currencies for funding‐constrained speculators in an attempt to shed new light on the major currency puzzles. Our starting point is the currency carry trade‚ which consists of selling low interest rate currencies—“funding currencies”—and investing in
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Strategic Management Financial & Political Risk David Warnock-Smith Strategic Management Programme • • • • Introduction to “risk” and “risk management” Sources of risk Risk classification Overview and management of: – Financial risk – Political risk – (Business / operational risk) Strategic Management Risk - Definition “The fact that the results of any action are not certain‚ but may take more than one value. Risk is usually used to describe the form of uncertainty where‚ while
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Overview of formulas Formulas are equations that perform calculations on values in your worksheet. A formula starts with an equal sign (=). For example‚ the following formula multiplies 2 by 3 and then adds 5 to the result. =5+2*3 A formula can also contain any or all of the following: functions‚ references‚ operators‚ and constants. Parts of a formula Functions: The PI() function returns the value of pi: 3.142... References: A2 returns the value in cell A2. Constants: Numbers or text
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My Household Budget ITEM MONTHLY BUDGET JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Item Total Housing $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $1‚000.00 $12‚000.00 Utilities $250.00 $136.00 $146.00 $150.00 $142.00 $155.00 $270.00 $290.00 $267.00 $260.00 $210.00 $200.00 $200.00 $2‚426.00 Car Payment $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $3‚600.00 Insurance
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BIA 0075 Formative Assessment for Spreadsheet Exercise Instructions Time allowed - 45 minutes Produce a spreadsheet that will deal with the following situation The Garden Gnome company is undertaking its five year forecast process and is in the process of constructing its profit and loss account. The following information is available a) In 2012 Sales are expected to be 50‚000 gnomes at £20 each but volumes and prices are expected to increase by 2% and 3% per annum respectively on a cumulative
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Financial Analysis using Excel Function Information requirements for function Dates Prices and par values Frequency‚ and related Yields and interest/ discount rates Discount Any amount paid at maturity ? Frequency of payme nts pa First coupon Redemption amount Investment amount # of periods Settlement Par/coupon Maturity COUPDAYBS COUPDAYS COUPDAYSNC COUPNCD COUPPCD COUPNUM DURATION MDURATION PRICE PRICEDISC PRICEMAT RECEIVED YIELD YIELDDISC YIELDMAT ACCRINT
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Using EXCEL for Asset Allocation and Performing Market Efficiency Studies 1. Introduction There are several features in EXCEL that are very useful for asset allocation and performing market efficiency studies. These features used in conjunction with live or historical data allows one to apply the sophisticated techniques discussed in this class in practical situations. This write-up will introduce students to the various mathematical and statistical functions available in EXCEL and explain
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During the second half of 1997‚ and beginning in Thailand‚ currencies and stock markets plunged across East Asia‚ while hundreds of banks‚ builders‚ and manufacturers went bankrupt. The Thai baht‚ Indonesian rupiah‚ Malaysian ringgit‚ Philippine peso‚ and nouth Korean won depreciated by 40% to 80% apiece. All this happened despite the fact that Asia’s fundamentals looked good: low inflation‚ balanced budgets‚ well-run central banks‚ high domestic savings‚ strong export industries‚ a large and growing
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U.S. Stock Market A stock market is defined as a public entity for the trading of company stock at an agreed price. When you buy stock‚ you become a shareholder‚ which means you now own a part of the company. If the company ’s profits rise‚ you will share in those increased profits. If the company ’s profits fall‚ so does the price of your stock. If you sold your stock on a day when the price of that stock falls below the price you paid for it‚ you would lose money. In the stock market‚ prices
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