CHAPTER 16 MANAGING BOND PORTFOLIOS 16-1 Outline of the Chapter • Bond pricing and sensitivity of bond pricing to interest rate changes • Duration analysis – What is duration? – What determines duration? • Convexity • Passive bond management – Immunization • Active bond management 16-2 Interest Rate Risk • There is an inverse relationship between interest rates (yields) and price of the bonds. • The changes in interest rates cause capital gains or losses. • This makes fixed-income investments
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19 December 2014 Tobacco smoking Kills Every inhale of a cigarette is another tick closer to a time bomb. People who choose to ignore the facts and the serious consequences smoking can do‚ dies a tragic death. Tobacco smoking and tobacco companies have become the biggest and most neglected problem in America. Especially the problem with people starting their addiction to tobacco at a young age. As humans‚ we have the freedom to make our own choices‚ but tobacco products have taken control of America
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(“Piracy”). It really started to become a problem in 1999 with the creation of Napster. Napster was the first peer-to-peer (P2P) file sharing program that enabled users to download and share music for free (“Harenber”). Since Napster‚ which is now a paid service due to various lawsuits‚ the online world of file sharing has evolved from not just music but to movies‚ operating systems‚ books‚ magazines‚ TV shows‚ and more. Online piracy‚ which has become a problem over the years‚ is on the rise and needs
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evaluation of Possible Solution Niche Market Launch PROs CONs *Cost for advertising‚ consumer and trade promotion is lower compare to mainstream. *Huge market to explore – Emotional Shaver makes 39% of nondisposable razor user *The advantage of being enter to niche market is by conquering the small portion of market its easier to control the customer buying response and also easy to evaluate customer feedback. By then‚ it also can improve more in the future. * Useful approach‚ which can help businesses
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cost to Solutions Plus. Based on projected cost a bid recommendation is made and decision factors related to the analysis are discussed. Keywords: Solutions Plus‚ Cost minimization‚ Breakeven‚ Bid‚ Shipping Cost Background Solutions Plus is an industrial chemicals company that produces cleaning fluids and solvents for many applications. Great North American railroad is taking bids for delivery of a cleaning fluid for its locomotives at eleven different locations. Solutions Plus can produce
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MAJOR ENVIRONMENTAL PROBLEMS IN THE NORTH EASTERN INDIA: POSSIBLE LEGAL AND NON-LEGAL SOLUTIONS The North-Eastern India is the land of rising sun in the sub-continent. Assam and other seven sisters including Sikkim consist the whole landmass of the North-Eastern India. The green belt of India‚ so called land of forest and tribals‚ the entire north-east region is rich in its natural resources-oil‚ natural gas‚ minerals and most importantly valuable forests. The worlds largest river Island
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(Problem Solution Essay 2nd Draft) Keeping Awake Stress is a feeling that everything seems to have become too much overloading and when under the stress it is wondered whether the pressure placed upon him or her could be coped with. One of the most common types of it is school stress. It can be experienced at any grade and may result from innumerable factors. These factors are teacher or friend-based ones‚ grade-based ones‚ over-scheduling and lack of self-confidence. Students can be affected
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| |Definitions‚ Causes‚ Effects‚ Solutions and Cases | | | Muhammad Tayyab Divorce A divorce is a legal action between married people to terminate their marriage relationship. It can be referred to as dissolution of marriage and is basically
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WAR IS NO SOLUTION TO ANY PROBLEM War is the barbaric activity which only concludes in the loss of life and property. The violence of war is life threatening which can never resolve any dispute. Both the parties practicing war ends in social and economic loss as it is said by john S.C Abbott that “War is the science of destruction” The one involved in war only end up in loss of lives socially and economically therefore the peaceful talks would
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Violence is not the solution to people’s problems. Is violence‚ the answer to people’s problems? NO WAY. Well first what does violence actually mean. Violence means ‘rough force that is used to injure or harm’ (Macquarie Pocket Dictionary Third Edition pg.1153). In The Outsiders by S.E. Hinton published in 1972 violence is used quite regularly to answer difficulties. In this novel there are two Gangs called The Socs and The Greaser. The Socs are the rich kids on the north side of town and The
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