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Practice exam 1:9, 1:22, 1:29, 9:5, and 10:8 are defective in that none of the five answer choices
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[9/12/2016]
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On page 445, in the solution to exercise 26.3, on the last line, change 0.1699 to 0
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nd j
[8/31/2013]
On card 177B, change the formula to q j =
[8/2/2013]
On card 346B, in item 2, change fas to as
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On card 341B, a square root sign is missing from the last line. The formula should be
r
d
T
VaRq (X )
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On card 247B, a sum sign is missing. The formula should be
Q=
[5/25/2
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On card 250B, a sum sign is missing. The formulas should be
Q=
X (n E
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On card 26B, change Pr X g 1 (y ) to Pr X g 1 (y ) .
Update
Module 2- The Problem of Old Age
Introduction
The economic problem of old age consists of the following:
1.
Growing population of older people
Year 2000 12.5% of population was 65 or older
Year 2050 20% of population will be 65 or older
Most of this growt
Module 1- The Nature of Economic Insecurity
Economic insecurity is the opposite of economic security
a person is unable to achieve a sense of well being due to a fear that present and
future needs will not be satisfied
Economic insecurity consists of one
(II) Government Disability Plans
CPP Disability Benefit
discussed in our section on Old Age Government programs
There is also a disability benefit available under Employment Insurance (not
responsible for knowing for this course)
Workers Compensation (W
Module 4
The Problem of Poor Health Disability
Problem of Disability
An extended period of disability can lead to economic insecurity because:
1.
Person is unable to work, thus
2.
Person loses ability to earn wages, also
3.
Person may continue to incur me
The European Journal of Finance
Vol. 16, No. 6, September 2010, 481502
Population age structure and household portfolio choices in Italy
Marianna Brunettia,c,d and Costanza Torricellib,c
a SEFEMEQ
Department, University of Rome Tor Vergata, Via Columbia 2
American Economic Association
Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by
African-American Families
Author(s): Ngina S. Chiteji and Frank P. Stafford
Source: The American Economic Review, Vol. 89, No. 2, Papers a
FM 2555/9555A
Assignment 2 (2.5%)
Due date: Nov.26 at 12:30
1. Briefly discuss the role of financial managers.
2. You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the
first payment will be five years from now. Assumin
7 PM QSES 45$ * asirniavvgm
J ' I SO" W115 / QfZLZLHS Scheme
\
1; Exhibit A: Price on Navembe'r 1,1014 of U5. Treasury $15000 principal strips With maturity
dates 1-20 years hence.
Implied 1 Year
Price of $1,000 Implied "X Sport Raie in Yr
$1,000 US U
Chapter 13 - Efficient Markets and Behavioral Finance
Chapter 13 Efficient Markets and Behavioral Finance
OVERVIEW
This chapter is essential reading for students of corporate finance. Financing decisions involve the firm
directly raising funds in capital
Chapter 09 - Risk and the Cost of Capital
Chapter 9 Risk and the Cost of Capital
OVERVIEW
The chapter elaborates on how modern theories about risk and return, discussed in previous chapters, are
applied to capital budgeting decisions. The main focus is on
Example 1.7.4
You can borrow money from three different
lenders who offer the following rates:
Bank A: i(2) = 8.1%
Bank B: i(12) = 7.95%
Bank C: i(4) = 8.04%
Rank the banks from best rate (to borrow) to
worst.
Solution to 1.7.4
Accumulating/Discounting wi
Other Simple Annuities (section 3.4)
(I) Annuity Due
An annuity-due is an annuity where the
periodic payments are due at the beginning
of each payment interval
term of an annuity-due starts at the time of
the 1st payment and ends one period after
the dat
Chapter 2 - Equivalence Equations
Equations of Value (section 2.1)
Concept of Dated Values
All financial decisions must take into
account the time value of money
For example,
Example 2.1.1
A man originally owes $2000 at the end of 4
years. Instead, it is
There are many different functional forms of
the accumulation function, a(t)
However, there are two functions that are
used most often in the financial world
These two functions represent two different
types of interest calculation:
1. Simple Interest (se