Journal of Banking & Finance 36 (2012) 2216–2232 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Are corporate bond market returns predictable? Yongmiao Hong a‚b‚ Hai Lin c‚d‚ Chunchi Wu e‚⇑ a Department of Economics‚ Cornell University‚ Ithaca‚ NY 14853‚ USA Wang Yanan Institute for Studies in Economics and MOE Key Laboratory in Econometrics‚ Xiamen University‚ Xiamen 361005‚ China c Department of Accountancy
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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 issued at a par value and
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Vietnamese Culture and High Blood Pressure High blood pressure is one of the most serious health conditions worldwide. Often times‚ people have high blood pressure for months or even years without knowing it. Knowledge is very important when it comes to health. High blood pressure can lead to other lethal conditions such as‚ “coronary heart disease‚ heart failure‚ stroke‚ kidney failure‚ and other health problems.” ("What is high‚" 2011) There are many ways that you can avoid high blood pressure
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a lifetime and it is formalized by a wedding ceremony. At any time‚ the wedding is the beauty in the minds of the Vietnamese people. Let’s see how Vietnamese people hold one. Depending on habits and customs of different ethnic groups in Vietnam‚ there are various procedures of a wedding ceremony‚ but in general‚ there is an important ceremony: the Wedding. The traditional Vietnamese wedding consists of a set of ceremonies: The first is the procession to receive the bride. The groom has to come
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“A STUDY OF PROSPECTS OF AGRICULTURAL COMMODITY FUTURES IN INDIA – A CASE OF TURMERIC” Prof Gurbandini Kaur‚ All India Management Association (AIMA)‚ Email: gkaur@aima-ind.org Abstract A commodity exchange is defined as a market where buyers and sellers trade commodity linked contracts on the basis of terms and conditions laid down by Commodity Exchange (UNCTAD‚ 2007). At present‚ there are 23 exchanges operating in India and carrying out futures trading activities in as many as 146 commodity
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March 16‚ 2012 Part One: Vanilla Bonds Abstract Understanding how to properly value a vanilla bond is essential for finance (ctuonline.edu). In theory‚ the present value relationship determines the value of a bond‚ but in practice the actual price is (typically) determined by suggestions from other‚ more liquid mechanisms. The purpose of this work will be to research bonds offered by Safeway (SWY)‚ analyze them‚ and then decide in what situation these bonds would be beneficial for the investor
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A major event that occurred in the wake of the Cold War was the mass migrations of many Vietnamese people to Australia. According to Ashley Carruthers (2008)‚ the only Vietnamese to previously arrive in Australia were generally tertiary students‚ wives of Australian soldiers or orphans from the war. Following the 1975 surrender of South Vietnam however‚ the Vietnamese were forced to flee their homes in a desperate attempt to escape the newly-communist rule of the North. Due to the economic prosperity
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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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A Term Paper on Prospects of Foreign Direct Investment in Bangladesh Prepared To: Md. Shariful Islam Fellow (Assistant Professor) Institute of Business Administration (IBA) University of Rajshahi Prepared By: Md. Hasibur Rahman ID No. 100043 MBA (Evening) – Major in Finance 9th Batch‚ 5th Semester Institute of Business Administration (IBA) University of Rajshahi Institute of Business Administration (IBA) University of Rajshahi Date of Submission: May 31‚ 2012 Letter of Transmittal
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Vietnamese Noodle soup Vietnamese noodle soup‚ which is known as Pho‚ is a traditional dish of Vietnam. It includes noodles made from rice‚ beef or chicken‚ and is often served with fresh mint‚ cilantro‚ basil‚ lime‚ bean sprouts and peppers. Consumer can also order raw beef fillet with their soup. Pho is originated in the twentieth century‚ during the time Vietnam invaded by France. It is first appeared in southwest of Hanoi‚ in Nam Dinh Province. It is usually eaten at lunch or dinner. The
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