back start
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [ 57 ]
57 Call date, 230 option, 285, 355-360 premium, 232 Callable bond, 205, 230-232 Cap interest rate, 257 payment, 257 Capital Asset Pricing Model, 349-355 Capital budgeting, 152-156, 278 Capital gain or loss realized, 239 unrealized, 239 Capitahzation, 185 Capitahzed cost, 277-279 Certificate of deposit, 51, 283 Closed end credit, 250 Collateralized mortgage obligations, 284-285 Common stock, 208, 236-237 Comparison date, 43 Compound discount definition of, 13 mediod, 273-274 Compound interest definition of, 7-10 mediod, 271-272 Constant percentage mediod, 273-274 Constant ratio mediod, 263-265 Consumer Credit Protection Act, 248 Contingent annuity, 58 Contingent claims theory, 371 Continuous annuity, 107-109, 119-121 Conversion period, 17 Convertible securities bond, 206 preferred stock, 207-208 Convexity, 321-322 Cost, 239 Coupon accmed, 220 bond, 206 rate, 209-210 rate modified, 210 Credit card, 52 closed end, 250 open end, 249 risk, 303 Cumulative preferred stock, 207 Current rate, 295 value, 11 yield, 211 DebenUire bond, 206 Declining balance mediod, 273-274 Declining index system, 150 Decreasing annuity, 112 Dedicated bond portfolio, 326-327 Dedication, 326 Deferred annuity, 67 Delivery date, 286 Depletion charge, 275 definition of, 275 Depreciating asset, 270 Depreciation charge, 271 definition of, 271 mediods, 270-277 Derivative instrument, 287 Descartes rule of signs, 134, 395 Deterministic approach, 1 Direct ratio mediod, 265-268 Discount accumulation of, 215 amount of, 12 bond, 213-219 compound, 13 definition of, 12, 16 effective rate of, 12-17 factor, 10 force of, 24 function, 10 nominal rate of, 18-20 rate, 298 simple, 15-16 Discounted cash flow analysis, 129-133 Discounted value, 11 Discounting, 11 Dividend definition of, 207 discount model, 236-237 Dollar-weighted rates of interest, 145-146 Drop payment, 72 Duration definition of, 315-319 Macaulay, 318 modified, 318 Early withdrawal penalty, 52-53 Effective rate of discount, 12-17 of interest, 4-5 Embedded option, 358-359 Equated time, 45, 315-316 Equation of value, 42-44 Equivalency, 13-14 Ex ante rale, 295 Ex post rate, 295 Exact simple interest, 38 Exercise price, 285, 355-360 Expectations theory, 310 Expected present value, 304 Expenses, 129, 228 Exposure associated with i, 141 associated with 6, 162 Bankers Rule, 39 Base amount definition of, 210 formula, 212 Basic formula, 211 Basis point, 298 Bearer bond, 205 Binomial lattice, 363-364 model, 361-365 Black-Scholes Option Pricing Model, 359-360, 410-411 Bond accumulation, 205 adjustment, 206 amortization schedule, 215-219 bearer, 205 callable, 205, 230-232 convertible, 206 coupon, 206 debenture, 206 definition of, 205 discount, 213-219 high-risk, 206, 303 high-yield, 303 income, 206 junk, 206 mortgage, 206 perpetual, 205 , 236 premium, 213-219 price, 208-213 registered, 205 salesmans mediod, 227 serial, 206, 232-234 table, 225 unregistered, 205 yield, 210, 225-230 zero coupon, 205 Book value asset, 239 bond, 214 British consols, 205
call parity, 358 option, 285, 355-360 Random walk model, 361-365 Real estate mortgage, 255-260 Real rate of interest, 299 Redemption date, 205 value, 209 Registered bond, 205 Regulation Z, 252 Reinvestment rate, 136-140, 228 Replicating transaction, 362 Retrospective mediod, 167 Return rate, 157-158 Reverse annuity mortgage, 259 Risk credit, 303 free rate, 303 market, 303, 351 market price of, 354 premium, 303, 351 reflection of, 297, 302-308 systematic risk, 351 unique, 350 unsystematic, 350 Rule of 72-46 78-265, 274-275 Scenario testing, 365-368 Semi-dieoretical mediod, 222-223 Serial bond, 206, 232-234 Service, 175 Setdement date date, 255 rate, 315 Shared appreciation mortgage, 258 Short sale, 279 transaction, 279 Simple discount, 15-16 Simple interest annuity, 84-87 Bankers Rule, 39 definition of, 5-7 exact, 38 ordinary, 38-39 Simulation, 341 Sinking fund definition of, 175-181 mediod of depreciation, 271-272 method of repaying a loan, 166 schedule, 177-179 Specified rate, 315 Spot price, 286 rate, 310-312 Spread, 298 Starting value, 48, 76 Step-rate amounts of principal, 192-195 Stochastic approach approach, 1, 336 mediod, 368 Stoodleys formula, 34 Straight line mediod bond amortization, 219 depreciation, 272-273 Striking price, 285, 355-360 Snipped Treasury, 311 Successive approximation, 48, 76-78 Sum of die years digits mediod, 274-275 Swap currency, 287 definition of, 287 interest rate, 287 Systematic risk, 351 Taxation, 128-129, 314 Term annuity, 58 bond, 205 structure of interest rates, 309 to maturity, 315 Theoretical mediod, 221 Time diagram, 43 preference, 295 value of money, 42 weighted rates of interest, 145-149 Treasury bill, 52, 207 bond, 207 bond Series E, 205 note, 207 stripped, 311 Trudi in lending, 248-254 Unearned finance charge, 251 Unique risk, 350 Uniqueness, 133-136 Unit period, 249 United States Rule, 252-253 Unregistered bond, 205 Unsystematic risk, 350 Usury, 295 Valuation of securities, 238-240 Variable annuity, 115 Varying annuity, 109-121, 401 Varying interest, 28-29, 80-82 Volatility, 317 Warrant, 286 Wraparound mortgage, 258 Writing down, 215 up, 215 measurement, 2 payment, 58 Periodic charge, 277 Periodic rent, 105 Perpetual bond, 205, 236 Perpetuity basic, 69-71 varying, 113 Point, 255 Portfolio method, 149-152 Practical method, 222 Preferred stock convertible, 207-208 cumulative, 207 definition of, 207-208, 236 participating, 207 Preftinding cash flows, 156 Premium amortization of, 215 bond, 213-219 discount formula, 212 Present value definition of, 10-12 mediod, 239-240 net, 130 Preset mediod, 367 Price bond, 208-213 flat, 220 ftiture, 286 market, 220 spot, 286 Prime rate, 298 Principal, 2 Probabilistic mediod, 367 Productivity of capital, 295 Project financing rate, 157-158 mixed, 157 pure financing, 157 pure investment, 157 return rate, 157-158 Prospective mediod, 167 Put
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [ 57 ]
|
|
Menu
