Common Risk Factors in the Retu rns on Stocks and Bonds Eugene F. Fama Kenneth R. French Journal of Financial Economics 1993 Presenter: 周立軒 Brief Saying… • This paper identifies Five common risk factors in the return on stocks and bonds – Two stock market factors‚ two bond market factors ‚ one market factor. – The five factors seems to explain all returns in stoc k market and bond market • Except the Low-Grade Bonds Agenda • • • • • Introduction The Steps of the Experiment Data & Variables Main
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Chapter 1 Role of Financial Markets and Institutions 1. Financial market participants who provide funds are called A) deficit units. B) surplus units. C) primary units. D) secondary units. 2. The main provider(s) of funds to the U.S. Treasury is (are) A) households and businesses. B) foreign financial institutions
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_________________________ 1. The capital gains yield plus the dividend yield on a security is called the: A. geometric return. B. average period return. C. current yield. D. total return. 2. The expected return on a security in the market context is: A. a negative function of execs security risk. B. a positive function of the beta. C. a negative function of the beta. D. a positive function of the excess security risk. E. independent of beta. 3. A capital gain occurs when:
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Chapter 11: Problems 2(a‚ b)‚ 4(a‚ c)‚ and 6 2. Ajax cleaning Products is a medium sized operating in an industry dominated by one large firm Tile King; Ajax produces a multi-headed tunnel wall scrubber that is similar to a model produced by Title King to avoid the possibility of price war. The price charged by Title King is $ 20‚000. Ajax has the following short-run cost curve: TC = 800‚000 - 5‚000Q + 100Q^2 a) Compute the marginal cost curve for Ajax answer: Marginal Cost
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highest grossing Broadway productions and to sell the show as a “fun night”‚ Hanson Productions (HP) must: 1. Captivate the audience with the performance (atmosphere‚ production‚ etc.) and market effectively so that a long run on Broadway will be achievable. 2. Determine a pricing strategy that will capture the largest volume of theater goers or they will not be able to recoup their investment. 3. Determine a venue that will be able to house all theatergoers so potential revenues aren’t foregone.
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Zinn Chapter 7: As Long as Grass Grows or Water Runs Questions 1. Chapter 7 deals immensely with the Native Americans and their survival based upon the government taking their lands. 2. Zinn showed the impact of the Indian removal by talking about the book Fathers and Children‚ which shows statistics of the matter. 3. When Thomas Jefferson was Secretary of State‚ he believed that the Indians should just be left alone. Once he became president‚ he wanted to remove the Indians. I believe
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Benzodiazepine Long-Term Use and Its Cognitive Effects on Memory In the 1960’s the drug industry in the United States changed dramatically with the introduction of a new category of drugs called benzodiazepines. Since the dawn of time anxiety has been an issue with people‚ but before the introduction of benzodiazepines there were much different treatments for anxiety problems. In ancient Greece a cure for men would be to engage in sexual intercourse‚ which would release the excess stored
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nuclear power‚ proxy wars‚ and ideological influence. Although the Soviet Union and the United States once were allies during World War 2 the only issue the super power’s shared was their “commitment to defeating the Axis power (America A Concise History 731). The issue between the two quickly escalated and spread to the rest of the world. The third world was a term used for “developing or ex-colonial nations in Asia‚ Latin America‚ Africa‚ and the Middle East” (America A Concise History 751). The
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realised that to achieve these dreams‚ I needed to shed a bit of my happy-go-lucky attitude and set longer term financial goals. And to achieve these financial goals‚ I needed to invest! Investing to me‚ is focused primarily on making my own money (work harder‚ and) make more money for me. It is clearly about long term financial goals. As I started reading up and thinking more about building long-term capital‚ certain simple why invest basics became very very clear to me. Time Value of Money Like
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A Case study of A Patient Suffering With A Long Term Health Problem The care and management of patients suffering with a long term condition is an integral part of the nurse’s role. With approximately 15 million people in the UK suffering from at least one chronic illness (DoH‚ 2012)‚ it becomes apparent why the Department of Health (DoH) and the National Health Service (NHS) have had to put in to place advice and guidelines in order that the appropriate measures are taken to ensure that these
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