Principal Component Value at Risk: an application to the measurement of the interest rate risk exposure of Jamaican Banks to Government of Jamaica (GOJ) Bonds Mark Tracey1 Financial Stability Department Research & Economic Programming Division Bank of Jamaica Abstract This paper develops an effective value at risk (VaR) methodology to complement existing Bank of Jamaica financial stability assessment tools. This methodology employs principal component analysis and key rate durations for
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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1. What is the difference between a. and a. Which mate preferences did you rate as indispensable? Discuss why that trait is most important. Mutual attraction—love: Importance: A meaningful and long-lasting relationship is built on love. Emotional closeness‚ dedication‚ and general well-being are encouraged. A robust emotional bond is necessary to keep a relationship happy and healthy. Emotional stability & maturity: Importance: To effectively handle life’s obstacles‚ stability and maturity are essential
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HW Bond Valuation and Bond Yields Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has suggested the following bonds: • Bond A has a 7% annual coupon‚ matures in 12 years‚ and has a $1000 face value. • Bond B has a 9% annual coupon‚ matures in 12 years‚ and has a $1000 face value. • Bond C has an 11% annual coupon‚ matures in 12 years‚ and has a $1000 face value. Each bond has a yield to maturity (YTM) of 9%
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Catastrophe Bonds By Kirill Graminschi The trouble with Catastrophe Bonds The article presents the difficulties insurance companies face when they are issuing catastrophe bonds. Do they efficiently hedge against large-scale disasters? It is very difficult hedging against catastrophic losses. Japan’s March earthquake‚ tsunami and nuclear disaster threat could cost the insurance industry between $21 and $34 billion. The catastrophe bonds are not helping much the insurance companies‚ although
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River By Abha Sirohi Research Scholar‚ A.K.P. G. College‚ Hapur (Ghaziabad) .................................................................................................................................................................. Ruskin Bond attempts to analyze human psychology in his short stories; He deals with the elemental and impulsive life of man. He tells the stories objectively and beyond all these things his stories shows goodness of man’s heart and his faith in the Supreme power
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stock‚ make a lot of it. Then save it in a plastic zip bag‚ date it and freeze it. That way you can pull it when you would like to make a soup. You can use it to boil some veggies in. Having some in the freezer will make preparing healthy meals very much easier. It is fine to alter recipes. Do you like more cheese than what is called for? It’s fine to add more. Do you think onions would be good added in? Try it! Adding your own special twist to a recipe can help make a meal one of a kind! Make soup
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The Make Up Macbeth‚ is not a man of bad character or evil spirit‚ he was a man tempted. In Macbeth’s story it is seen numerous times that he is resistant to wrongful deeds. He undergoes a test that he was not morally prepared for. Not to say that Macbeth was of bad morals but that he was not deeply enough rooted in them. To understand his tragic story you must understand Macbeth the person. Introducing Macbeth you will find that he is a humble warrior working his way up the ranks. He is one of
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Reading Summary of Common risk factors in stock and bond returns Xin Shi (A13119523) The paper introduces the famous Fama–French three-factor model which is a development of the traditional CAPM model and the findings of the 1992 paper. It believes the theory should be able to explain not only stock but also bond returns. Also this paper uses the method of time-series regression‚ which is quite different from the previous paper. After the development
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Avatar One of the most interesting aspects of the movie Avatar is the culture that makes it up. The Na’vi is an entirely made up and brand new culture with language‚ norms‚ relationships‚ religion‚ and beliefs. Western civilization tries to move in on their land and their ways‚ believing the Na’vi are savage and primordial who must be living in the past due to their lack of modern technology uses and spending their every day and night in nature. The Na’vi have very close ties to their ancestors
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