Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.
1 Page
Fixed Income Chapter 6 homework
Course: ECON 313, Spring 2012School: University of San...
Rating:
Word Count: 168
Document Preview
6 Chapter Yield Measures, Sport Rates, and Forward Rates Use the following data for questions 1 through 4 An analyst observes a Widget & Co 7.125% 4-ear semiannual-pay bond trading at 102.347% of par (where par = $1,000). The bond is callable at 101 in 2 years and putable at 100 in 2 years. 1) What is the bonds current yield? a. 6.962% b. 7.500% c. 7.426% d. 7.328% 2) What is the bonds yield to maturity?...
Unformatted Document Excerpt
Coursehero >> California >> University of San Francisco >> ECON 313Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
6 Chapter Yield Measures, Sport Rates, and Forward Rates
Use the following data for questions 1 through 4
An analyst observes a Widget & Co 7.125% 4-ear semiannual-pay bond trading at
102.347% of par (where par = $1,000). The bond is callable at 101 in 2 years and putable
at 100 in 2 years.
1) What is the bonds current yield?
a. 6.962%
b. 7.500%
c. 7.426%
d. 7.328%
2) What is the bonds yield to maturity?
a. 3.225%
b. 6.450%
c. 6.334%
d. 5.864%
3) What is the bonds yield to call?
a. 3.167%
b. 5.664%
c. 6.334%
d. 5.864%
4) What is the bonds yield to put?
a. 2.932%
b. 4.225%
d. 6.450%
c. 5.864%
5) Based on semiannual compounding, what would the yield to maturity (YTM) be
on a 15-year zero-coupon, $1,000 par value bond thats currently trading at
$331.40?
a. 3.750%
b. 5.151%
c. 7.500%
d. 7.640%
6) An analyst observes a bond with an annual coupon thats being prices to yield
6.350%. What is this issues bond equivalent yield?
a. 3.175%
b. 3.126%
c. 6.252%
d. 6.172%
7) An analyst determines that the cash flow yield of GNMA Pool 3856 is .382% per
month. What is the bond equivalent yield?
a. 9.582%
b. 9.363%
c. 4.682%
d. 4.628%
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more.
Course Hero has millions of course specific materials providing students with the best way to expand
their education.
Below is a small sample set of documents:
Below is a small sample set of documents:
University of San Francisco - ECON - 313
Chapter 81) Which of the following statements concerning yield curve shifts is FALSE?a. A twist results in a flatter or steeper yield curveb. A parallel shift results in all yields changing by the same amount in thesame directionc. A butterfly shifts
University of San Francisco - ECON - 313
Chapter 9- Valuing bonds with Embedded Options1) Which of the following statements concerning the calculation of value at a nodein a binomial interest rate tree is TRUE? The value at each node is the:a. Present value of the two possible values from the
University of San Francisco - ECON - 313
Chapter 10 Mortgage Backed Sector of the Bond Market1) Which of the following statements concerning interest only (IO) and principalonly (PO) pass-through securities is false?a. Pass-through securities have cash flows that can be divided into interest
University of San Francisco - ECON - 313
Chapter 16 Introduction to Bond Portfolio Management1) Which of the following is NOT an example of a client-imposed constraint?a. Limits on the use of leverage in the portfoliob. Limits on the maximum funds that can be allocated to a single industryc.
University of San Francisco - ECON - 313
Chapter 17 Measuring a Portfolios Risk ProfileUse the following data to answer Questions 1 through 4Brian Reid is the portfolio manager of AA Corporate Bond Investors, Inc. His current $10 millionbond position is as follows:Bond123Market value wei
University of San Francisco - ECON - 313
Chapter 10 Mortgage Backed Sector of the Bond Market1) Which of the following statements concerning interest only (IO) and principalonly (PO) pass-through securities is false?a. Pass-through securities have cash flows that can be divided into interest
University of San Francisco - ECON - 313
12LWhich of the following is NOT a shortcominga mortgage or asset-backed security?A_ The mongage or asset-backed securities- Ii_-II,_-of the cash flow yield as a process for the cash flow analysis ofare assum'ed to be held to the final payoU( bas
University of San Francisco - ECON - 313
Chapter 18 Managing Funds against a Bond Market Index1) John Stevenson is the portfolio manager of the Omega Corporate Bond Fund and owns$20 million par value of bond B1. The market value of the bond is $15 million. Theeffective dollar duration of the
University of San Francisco - ECON - 313
Chapter 19 Portfolio Immunization and Cash Flow Matching1) Two components of interest rate risk are:a. Duration and convexityb. Reinvestment risk and price riskc. Duration sensitivity and price riskd. Reinvestment risk and immunization risk2) To imm
University of San Francisco - ECON - 313
Chapter 20 Relative Value Methodologies for Global Credit Bond Portfolio Management1) Although all are presented as rationales for secondary trading, which is probably themost common rationale?a. New Issue swapsb. Credit-upside tradesc. Credit-defens
University of San Francisco - ECON - 313
Chapter 21 International Bond Portfolio Management1) Which benchmark currency position would be an investor select if his goal was to seekextra returns from active management of currency exposurea. Un-hedgedb. Fully Hedgedc. Partially Hedgedd. Canno
University of San Francisco - ECON - 311
Practice for Chapter 8 and 9Chapter 8T012345678910111213141516171819202122232425a) The daily yields for 26 days are given below. Compute the daily percentagechange in yield for each day assuming continuous compounding.Yt7.1
UC Davis - BIS 104 - BIS 104
Midterm I practice examInstructions:Note that this is last years midterm 1. Not all material was covered in exactly the sameway.Fill out your student ID properly. If you make a mistake in filling out the student ID, youwill be docked 5 points.There
UC Davis - BIS 104 - BIS 104
BIS104Winter 2012Problem Set IDue Fri Jan 20This problem set will not be collected. However, I will know whether or not you did it byyour performance on the exam.1-3. In studying normal cells, you isolate gene R that normally sequesters and turns of
UC Davis - ECN 001B - 1b
Chapter 1IntroductionIt may seem a shocking thing to say, butmost of the economics that is usable foradvising on public policy is at the level ofthe introductory undergraduate course.Herbert Stein2MicroeconomicsMacroeconomicsStudies one decision
UC Davis - ECN 001B - 1b
Chapter 5Gross Domestic Product(GDP)Definition of GDPTotal market value of all the goods and services producedby the factors of production located in a countryduring a certain period of timeexcept those produced by households for householdconsumpt
UC Davis - ECN 001B - 1b
Chapter 6Growth and CyclesThree Major Macroeconomic Variables & IssuesAggregate Level of Output (Real GDP)Economic GrowthGeneral Price Level (GDP Deflator or CPI)InflationEmploymentUnemployment2Three Major Macroeconomic IssuesDefinitionsCosts
UC Davis - ECN 001B - 1b
Chapter 7Goods and Services Market1National Income IdentityNominal GDP Nominal ExpenditureNominal GDP Nominal ExpenditureGDP DeflatorGDP DeflatorReal GDP Real Expenditure2ExplanationProductionDemand + (Inventory)10,000,0008,000,000+2,000,00
UC Davis - ECN 001B - 1b
Chapter 8Supply of Money1Names BOND, Discount BondWhat is a Bond?A piece of paper promisingto pay a known fixedamount (called future orface value) at a knownfuture date. Also called anIOU or promissory note.Bonds are issued by those who want to
UC Davis - ECN 001B - 1b
Chapter 9Demand for Money1Supply of Money:The amount of money people actually hold at a point in timeDemand for Money:The amount of money people are willing and able to holdWhat do we mean by able?2Money+Bonds + Stocks +Other=TotalWealthYo
UC Davis - ECN 001B - 1b
Chapter 10Loanable Funds Market1Interest rate is determined by the supplyand demand for loananble funds.This is a flow theory2Who Demands Loanable Funds?(Borrowers) Households To buy homes, cars, appliances, pay foreducation, etc. Firms To un
UC Davis - ECN 001B - 1b
A Quick Summary of Main PointsY < YPu > unuc > 0Y > YPu < unuc < 0Y = YPu = unuc = 0Long RunSo what causes variations in Y?Answer: Aggregate DemandGood Market EquilibriumY= ADADAD > YYAD = YADAD > YYAD = YBut what causes AD to chang
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT.J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 1Chapter 1What Do Economists Do? We Model for FoodKEY POINTSThree types of resources are u
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 5Definition of GDPGDP is defined as the market value of all goods and services produced in
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 6Key PointsEconomic growth means increases in real GDPover a long period of time.Two sour
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 7Key PointsNational Income IdentityReal GDP (Y)Real GDP (Y)Real ExpenditureAggregateDe
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 8Key PointsMoney is defined by the functions it performsMedium of exchange (usedto buy go
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 9Key PointsLiquidity preference theory: explains interest rates in terms of the supply of m
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 10Key PointsLoanable funds theory: interest rates aredetermined by the supply of and deman
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 11Key PointsIn the labor market households supply laborservices, firms demand labor servic
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 12Key PointsAggregate demand function gives the combinationsprice and GDP levels at which
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 13Key PointsTwo propositions at the heart of Keynesian economics:Demand shocks are the mai
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 14Key PointsRational expectations hypothesis (Lucas):Wages and prices are fully flexibleW
UC Davis - ECN 001B - 1b
Study GuideTo Accompany Macroeconomics: Theory and PolicyBy B. ModjtaheditPrepared byT. J. McCarthy and B. ModjtahediUniversity of California, DavisChapter 15Key PointsIn the long run, the economy produces the potential level of output, sothere i
UC Davis - FST 104 - 104
GENERAL INFORMATIONFST 104 (Food Microbiology)M, W, F 10-10:50 amWellman 2Professor Maria MarcoOffice: 3200 RMI SouthOffice hours: Mondays 4 5:30 pmmmarco@ucdavis.eduGENERAL INFORMATIONTeaching assistantsBok yung LeeOffice hours: Thursdays 11 1
UC Davis - FST 104 - 104
1/11/2012January 11, 2012FST 104Prof Maria MarcoOffice hours: Mondays 4 5:30 pm3200 RMI SouthBokyung LeeOffice hours: Thursdays 11 12:303143 RMI NorthFairy FanOffice hours: Wednesdays 1 2:303143 RMI North11/11/2012See notes from previous lec
UC Davis - FST 104 - 104
ENTERICPATHOGENSFST104January 13, 2012Bacterial GrowthBacterial Growth:An increase in the number ofbacterial cells(not an increase in the size of anindividual cell)Binary cell division leads tothe growth of cells in thepopulation.DNATest you
UC Davis - FST 104 - 104
Enterohemorrhagic E. coli (EHEC)The diseaseLow Infective dose: 100 cell sIncubati on peri od: 3-4 days Illness du rati on: 3 -7 d ays, som etim es m uch lon g erFST 104January 18, 2012Sym ptom s: copi ous bl oody, m ucosal di schargecaveat: som et
UC Davis - FST 104 - 104
Shigella &SalmonellaFST 104January 20, 2012Shigella vs E. coliClosest known relative of E. coliEIEC is nearly identical to ShigellaDiffers from E. coli1. Shigella are strictly human parasites2.Only humans (and primates) are carriers3.All Shigell
UC Davis - FST 104 - 104
FST 104January 23, 2012Quiz: AB5 toxinAB5 toxinA six-component protein complex secretedfrom some pathogenic bacteria.AB5 toxinsShiga toxin (S. dysenteriae and EHEC)Labile Toxin(ETEC)Cholera Toxin (Vibrio Cholerae)Campylobacter jejuni enterotoxi
UC Davis - FST 104 - 104
January 25, 2012FST104Campylobacter jejuniCampylobacteraceae family in the Proteobacteria phylumCharacteristic corkscrew-likemovementCommon cause of diarrheal illness due tobacterial infection in the USCauses illness in 400-500 million peopleper
UC Davis - FST 104 - 104
FST104January 27, 2012Illness caused by B. cereusThe disease: two distinct syndromes Emetic disease GastroenteritisRare to have both at onceGastroenteritisEmetic diseaseMinimum number ofcells for making toxin inright amounts106-107 cellssame
UC Davis - FST 104 - 104
FST104January 30, 2012Clostridium botulinum3 Types of botulismAdult botulismInfant botulismW ound botulismAll caused by aNEUROTOXINC. botulinum is aBiosafety level 3 microbeMechanism of the botulinumA zinc metalloproteaseBlocks release of ace
UC Davis - FST 104 - 104
S. aureus, LISTERIAMONOCYTOGENES,& VIRUSESF eb 1, 2012FST104S. aureus transmissionHandled food has high probability of contaminationProblems arise when food is left unrefrigerated for >4 hrsRefrigerate (32-45F/0-7C)Keep food hot (>140F, =60C)Gro
UC Davis - FST 104 - 104
http:/www.youtube.com/watch?v=XnSEDkXIpjwVirusesFebruary 3, 2012FST104Properties of VirusesB. Food-borne viruses are more difficult to culture than bacteriaObligate parasitesDo not grow on laboratory culture mediaRequire living cells for propagati
UC Davis - FST 104 - 104
San Francisco student barfing on door may have sickened 30003.feb.12barfblogDoug PowellCleaning up vomit promptly is crucial to containing the spread of bugs like norovirus as300 staff and students at a Jesuit high school in San Francisco discovered
UC Davis - FST 104 - 104
MIDTERMMultiple choiceBring scantron and #2 pencilPractice exam available on the SmartsiteReview session (Q&A only)Thursday, Feb 9 5:30 7:30Location: 180 Med Sci COffice hoursWednesday 1 - 2:30Thursday11 12:30ExamLast name: A to QLast name: R
UC Davis - FST 104 - 104
Section II: Growth and Survivalof Microorganisms in FoodFST104February 13, 2012Food MicrobiologyFood SafetyMinimize amounts of microbialp a th o g e n s i n fo o dFood SpoilageMinimize amounts of microbialdeterioration of foodFood Fermentation
UC Davis - FST 104 - 104
Biological effectsof temperatureFebruary 15, 2012FST104Midterm 1Approximate grade (including quiz scores)only intended as an indicator!80 or above: A65 - 79: B50 - 64: C49 or less: DCollect scantrons and exams during office hoursor Friday afte
UC Davis - FST 104 - 104
Thermal DestructionFST104February 17, 2012Extra creditFood microorganisms in the news15 points (maximum)Must contain the following:1.Select an food-microorganism featured in the news between 2010-20122.Provide at least 2 independent news citations
UC Davis - FST 104 - 104
WATER ACTIVITYFST104FEBRUARY 22, 2012Survival CurveD value (time):Decimal reduction timetime resulting in a10-fold change in viable cellsZ value (temperature):T resulting in a10-fold change in Dlog (D value)Decimal Reduction CurveF value (tim
UC Davis - FST 104 - 104
Majority of dairy-related disease outbreaks linked to rawmilk Date: 21.feb.12The rate of outbreaks caused by unpasteurized milk (often called raw milk)and products made from it was 150 times greater than outbreaks linked topasteurized milk, according
UC Davis - FST 104 - 104
Acid preservation & OxygenFST104February 27, 2012Food preservation with acidsUndissociated organic acids (unlike charged compoundsand H+) pass freely into the cell.once inside the cell, they can dissociate:organic acids become more ionized as pH in
UC Davis - FST 104 - 104
Midterm 2Wednesday, March 7 10-10:50 amCovers lectures from February 13 to March 5Scantron and written sections. Calculator and ruler are allowed.Location:1130 Hart2 WellmanLast name A-GLast name H-ZReview SessionTuesday, March 6Wellman 2Febru
UC Davis - FST 104 - 104
MicrobialMicrobialFood SpoilagePatternsQingwen(Fairy) FanFST 104March 2Microbial Food Spoilage PatternsFoodSpoilageSpoilageEvaluationSpoilageMicrobesWhat is food spoilage?How to evaluate food spoilage?What microbes may causespoilage in fo
UC Davis - FST 104 - 104
Review:MOLDSYEASTSLACTICACIDBACTERIAENDOSPOREBACTERIAENTERICSPSEUDOMONASAW0.60.60.90.930.940.97pH1.51.53.54.5(3.7)4.55.5temperatureOxygentoleranceothernothermophilesnothermophilessome psychrotrophs some psychrotrophsaerobeae
UC Davis - FST 104 - 104
Lactic acid bacteriaand lactic fermentationsFST104March 9, 2012Remaining lectures in FST104Today: Introduction to fermentation and lactic acid bacteriaMarch 12March 14March 16March 19Dairy and plant fermentationsComplex fermentationsGut microb
UC Davis - FST 104 - 104
LAB fermentationsFST104March 12, 2012Factors which influence the endproducts of LAB metabolismCarbon-source (sugars) availablePresence of air (oxygen)Presence of citratePresence of other organic compounds (amino acids)pH and temperatureCarbon-sou
UC Davis - FST 104 - 104
March 14March 16March 19LAB and complex fermentationsGut microbiology and probiotics(and course evaluations)Legislation and Regulations (Dr. Linda Harris)Midterm 2 returned TODAY at end of classaverage: 64%B range is an approximate total score of
UC Davis - FST 104 - 104
Complex fermentations& Gut healthFST104March 16, 2012Tempeh:SoybeansfermentedbyRhizopusOrigin: IndonesiaSoybeans are heated and soakedInoculated with mold (Rhizophus)found on banana leaves or in traysIncubate 24 h at 30 CCan be prepared using ot
UC Davis - FST 104 - 104
U.S. FOOD REGULATIONSLinda J. Harris, Ph.D.Food Science and TechnologyUniversity of California, DavisMarch 2012!OutlineOverview of U.S. food regulations pertaining toproduction and processing of safe food Emphasison microbial food safetyNot int