Do buy-side institutions supply liquidity in bond markets?
Evidence from mutual funds*
Amber Anand, Syracuse University
Chotibhak Jotikasthira, Southern Methodist University
Kumar Venkataraman, Southern Methodist University
Abstract
This study presents ne
Frequently Asked Questions on repo
First published by the International Capital Market Association (ICMA) in February 2013.
These FAQs are provided for information purposes only and should not be relied upon as legal, financial
or other professional advic
September 7th 2017
APR vs EAR
Annual percentage rate: is the interest rate for a whole year, rather than just a monthly fee/rate,
as applied on a loan, mortgage loan, credit card, etc.
Effective annual rate: calculated in the following way, where r is the
Exam One Redo Opportunity Answer Submission Sheet
Name: _
Directions: Record each answer on this answer sheet to the REDO OPPORTUNITY for last 5
questions on EXAM ONE. Either type each answer or be sure that you handwriting is clear and
legible. After you
Chapter 4
The Time Value of Money (Part 2)
LEARNING OBJECTIVES
(Slide 4-2)
1. Compute the future value of multiple cash flows.
2. Determine the future value of an annuity.
3. Determine the present value of an annuity.
4. Adjust the annuity formula for pre
Set
n1
3.33 / 3.333 points
The change in a firm's future cash flows that results from adding a new project are referred
to as _ cash flows.
Question options:
ded
viated
remental
ect
idual
n Set
n2
3.33 / 3.333 points
The tax shield approach, given a tax-p
Question 1 (1.48 points)
Stocks A, B, C, and D have standard deviations, respectively, of 20%, 5%, 10%, and 15%.
Which one is the riskiest?
Question 1 options:
Stock A
Save
Question 2 (1.48 points)
Joe bought a share of stock for $47.50 that paid a divide
Payback Period:
Discounted Payback Period:
Step 1:
Step 2:
Calculate the NPV of this project if it has the cash flows below. Use a
discount rate 10.0%
1
$2,547.98
t=0 -45,000
(annual discounting).
t=1 15,000
t=2 15,000
t=3 15,000
t=4 15,000
NPV=45000+1500
n1
2.64 / 2.642 points
At its most basic level, the function of financial intermediaries is to _.
track and report interest rates.
effect a transfer of wealth in society.
move money from lenders to borrowers and back again.
report all financial transactio
Final F3100 Online 2014
Homework-3
Name: _S O L U T I O N
Submit just answers in email or D2L DROP BOX.
1
QUESTION All are 8-points each value
What is the market price of a Zero Coupon Bond that pays $1,000 face at maturity in 8 years from now?
Current ma
What is the IRR of a project that has $25,000 initial cost and will generate annual cash
inflows of $16,000 after one year and another $16,900 at the end of the second year.? (Pick
closest answer)
Question options:
%
%
%
%
%
n Set
n2
3.33 / 3.333 points
Y
Chapter 5 Study Guide
1) If you take out a loan from a bank, you will be charged _.
C) for both principal and interest
2) A company selling a bond is _ money.
A) borrowing
3) The phrase "price to rent money" is sometimes used to refer to _.
D) interest ra
FIN3100/online Hmwk-4 STOCKS
ANSWER
1
$66.67
Name: _SOLUTION
QUESTION
What is the expected current price on QRS-Co stock if it will pay a dividend of $4.00 a
year from now and that dividend is expected to grow at 4.0% annual rate constantly into the
futur
Chapter 4 Study Guide
1) Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your
retirement account. The $1,000 deposit will be one year from today, the $2,000 deposit two years from
today, and the $3,000 deposit three y
FI 3300 - CORPORATION FINANCE EXAM 2
Spring Semester 2012
NAME _
DATE _
There are 18 questions. Write all answers on the back page corresponding with the best correct answer for each multiple
choice question. Only answers on the answer sheet will be count
Midterm 1
FI 3300
June 28, 2010
Name _
Circle the correct answer.
1. The goal of corporate financial management is _.
a. to maximize shareholder wealth
b. to maximize bondholder wealth
c. to promote social good
d. to create jobs
2. Which of the following
Chapter 11 - Cost Estimation
c. Regression analyses follow.
Correlation analysis with revised
data
Defects per month
First-time pass rate, %
Average cycle time per unit
Manufacturing OH Cost
Defects
per month
1
0.50108889
0.64455545
0.82628927
First-time
Chapter 11 - Cost Estimation
SOLUTIONS TO CASES
11.56 (60 min) Running regressions from published data
a. Reports will vary. In addition to the sources listed, consider referring students to
the SECs Edgar or LEXIS-NEXIS databases.
b. The difference betwe
Chapter 11 - Cost Estimation
SOLUTIONS TO PROBLEMS
11.45 (30 min) Interpretation of regression results
EXCEL SOLUTIONS ARE FOUND IN EXCEL SOLUTIONS FILE
If you run a simple regression using Witt's data, you will find that his results are
correct. However,
Chapter 11 - Cost Estimation
11.37 (20 min) Interpretation of regression results
a.
88.03% of the variation in overhead costs is explained by the independent variable,
which is the R2
b.
For 20,000 direct-labor hours, the total overhead cost estimate is:
Chapter 12 - Financial and Cost-Volume-Profit Models
CHAPTER 12
Financial and Cost-Volume-Profit Models
ANSWERS TO REVIEW QUESTIONS
12.1
Review the list of key terms at the end of the chapter and the definitions in the
glossary.
12.2
A good financial mode
Chapter 12 - Financial and Cost-Volume-Profit Models
ANSWERS TO CRITICAL ANALYSIS
12.18 Both executives might be in error or correct. If the company operates in competitive
markets (i.e., they are price takers), it cannot unilaterally raise prices and exp
Chapter 11 - Cost Estimation
11.50 (40 min) Multiple regression, activity-based costing
EXCEL SOLUTIONS ARE FOUND IN EXCEL SOLUTIONS FILE
a. Abbreviated multiple regression results follow:
Regression Statistics
R Square
Adjusted R Square
Standard Error
Ob