Japan: The Fall of a Miracle System
Dr. Jeffrey Herbener
December 16, 2010
Japan, a nation that has seen much economic growth over the last century, has often been
studied by many economist and historians alike. Many countries of
Homework 5: Bonds and Other Asset Classes
BM 410 Investments
Homework 5: Understand Chapter 9 & 10
Look at the Fixed Income Diversification from 1994 to 2004 and answer questions 1-3.
1. Over the past ten years which two bonds classes have had
4. A bond currently sells for $1,050, which gives it a yield to
maturity of 6%. Suppose that if the yield increases by 25 basis
points, the price of the bond falls to $1,025. What is the duration
of this bond?
Bond price: $1050
1. You predict that interest rates are about to fall. which bond will give you the
highest capital gain?
D. The longer the maturity and the lower the coupon rates, the more sensitive the price
change will be with respect to interest rates change. If inter
the Balance of Payments
National Income Accounting