Finance
Jehlifisch Universität, Herbstsemester 2013
Jehlifisch Universität, Herbstsemester 2013
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Cartes-fiches
Lenders extend the maturity of their loans from one to two years in order to give Pear a chance to recover.
Who wins and/or loses (9.7.3)?
Pear encounters an acceptable investment opportunity with NPV = 0, requiring an investment of $100. Pear decides to borrow this amount to finance the project. The new debt has the same conditions (seniority, maturity, security, etc.) as the old debt (9.7.4).
Which of the following statements is correct?
Directors’ responsibilities are unlikely to include
The main purpose of corporate governance is:
The two-tier board of an organization is particularly useful:
Which are more common worldwide in terms of ownership form?
Which countries have the largest stock markets?
Which countries have the largest bond markets?
Which countries have the smallest direct holdings of shares by individual investors?
Which countries have the largest holdings of bank deposits by individual investors?
Which countries have the largest holdings of shares by other corporations?
A common principle underlying the corporate governance guidelines in the UK, Germany, and Switzerland is called
Which of the following statements is not true?
The typical board of directors does not include a sub-committee for…
Which of the following statements is not true?
Who does not monitor the top management of a public corporation?
Nenne die Formel um einen Jahreszins r in einen Monatszins zu wandeln.
12te Wurzel (1+r)
Which of the following statements regarding the NPV rule and the rate of return rule is false?
If the present value annuity factor for 10 years at 10% interest rate is 6.1446, what is the pre- sent value annuity factor for an equivalent annuity due?
Annuity due: 6.1446 × 1.1 = 6.7590.
Which of the following statements about the relationship between interest rates and bond prices is true?
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I) There is an inverse relationship between bond prices and interest rates.
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II) There is a direct relationship between bond prices and interest rates.
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III) The price of short-term bonds fluctuates more than the price of long-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).
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IV) The price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).
Wie wird eine Duration berechnet, zähle die Schritte dazu auf.
1. PV des Bonds berechnen
2. Jeder PV jedes Jahr wird mit dessen Jahr gewichtet und summiert
3. Summe aus Schritt 2 durch PV von Schritt eins dividieren.
Bsp.:
Step 1: N = 10; PMT = 60; FV = 1,000; I = 8. Compute PV = 865.80.
Step 2: Duration = [1(55.56) + 2(51.44) + 3(47.63) + 4(44.10) + 5(40.83) + 6(37.81) + 7(35) + 8(32.42) + 9(30.01) + 10(490.99)]/(865.80) = 7.6 years.
Wie wird die Volatilität aus Duration und Yield bestummen?
Volatilität = Duration / (1 + yield)
If a bond's volatility is 10.00% and the interest rate goes down by 0.75% (points), then the price of the bond:
The valuation of a common stock today primarily depends on:
One can estimate the expected rate of return or the cost of equity capital as follows:
