FIN%204260%20Chap%2015_Appdx_SLIDES

FIN%204260%20Chap%2015_Appdx_SLIDES - Part V S/T Investment...

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Unformatted text preview: Part V S/T Investment & Financing Chapter 15 and Appendix Short-Term Investment Management 1 Ch-15 S/T Investment Management 2 Firms work hard to forecast cash positions. These efforts are enhanced when interest income is increased (or interest expense reduced) by productively managing cash. Through planning, a firm knows not only if it has extra cash, it knows for how long it will have it. S/T Investment Management 3 Firms design short-term portfolios which balance risk and return. The investment manager makes decisions that meet stated investment objectives outlined in the written investment policy . Usually, the strategy calls for specificity around safety, liquidity, and yield. Investment Policy 4 The Investment Policy includes: Instruments Foreign or domestic Type Money Markets (T-bills, commercial paper, CDs, etc.) Capital Markets (preferred stock, common stock, bonds, etc.) Types of Issuers Treasury, federal agency, S/T Investment...
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This note was uploaded on 11/10/2011 for the course ECON 4260 taught by Professor Victorwakeling during the Fall '11 term at Kennesaw.

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FIN%204260%20Chap%2015_Appdx_SLIDES - Part V S/T Investment...

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