YIELD TO MATURITY
ACCRUED INTEREST
QUOTED PRICE
INVOICE PRICE
September 1999
Quoted Rate Treasury Bills
[Called Banker's Discount Rate]
P 1 - P 0 ] * [ 360 ]
d=[
N
P1
d = Bankers discount yield
P 1 = face value
P
0
= Price
N = number of days until maturit
EBITDA - Wikipedia, the free encyclopedia
1 of 3
www.giddy.org
EBITDA
From Wikipedia, the free encyclopedia
In accounting and finance, EBITDA ee-bit-dah or ee-bit-dee-eh stands for "Earnings before Interest, Taxes,
Depreciation, and Amortization" (sometim
Markku Kuula
Spring 2013
Exercises
Product and Inventory Management (35E00300)
Aalto University School of Economics - Department of Information and Service Economy
Assignment 1: Logistical efficiency
Submission deadline: 21.03.2012 at 9:15pm
Maximum point
The EOQ Model
To a pessimist, the glass is half empty.
to an optimist, it is half full.
Anonymous
Wallace J. Hopp, Mark L. Spearman, 1996, 2000
http:/www.factory-physics.com
1
EOQ History
Introduced in 1913 by Ford W. Harris, How Many Parts to Make at
Inventory
Aggregation and Discounting
Matching Supply and Demand
1
utdallas.edu/~metin
Outline
Joint
fixed costs for multiple products
Long term quantity discounts
2
utdallas.edu/~metin
Example: Lot Sizing with Multiple Products
Shipping multiple produc
Inventory control models
EPL Model
Learning objective
After
this class the students should be
able to:
calculate the order quantity that minimize the
total cost inventory, based on the EPL model
and
analyze the implication of this model using
what-if th
Entrepreneurial behavior and competences
25E46000 (6cr)
Spring 2013
Lecturer: Professor Helle Neergaard
Course assistant: Vera Haataja vera.haataja@aalto.fi
Outline of the course
Objectives
The objectives of the course are threefold:
1) to introduce stude
Fixed Income Trial Exam
Instructor: Juliusz Radwanski
Feb 26, 2012
You have 180 minutes, and 100 points to earn. There are six exercises. Please sign all
solution sheets.
1. (15) Explain (in about two-three sentences) the meaning of the following terms:
D
Fixed Income Spring 2013 Syllabus
FIXED INCOME
Spring 2013, period 3.
Instructor: Juliusz F. Radwanski
Time and Location: Wed, 10:00-12:00am, CG.111 (Chydenia).
Oce Hours: Tue, 10:00-12:00am, H2.33 (Chydenia).
Contact: juliusz.radwanski@aalto.
Overview an
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #2
1. The list of new terms from the second lecture that you should be able to explain in
one-three sentences:
Eurodollar (deposit), LIBOR rate, (risk-free) arbitrage, interest r
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #3
1. The list of new terms from the third lecture that you should be able to explain in
one-three sentences:
DV01, duration, convexity, hedging, basis point, Macaulay duration,
Fixed Income
Lecture Seven
Feb 27th 2013
Instructor:
Juliusz F. Radwanski
The Plan
Corporate Bonds
Overview
Ratings
Valuation Methodology
Merton Model (1974)
KMVs implementation
Spring 2013
J.F. Radwanski 2013
2
Corporate Bonds
Standard Corporate Bond
Def
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #1
1. Our lecture slides contain many terms that you may be unfamiliar with. One of my
exam requirements will be that you are able to know what they mean, and explain
this meanin
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #6
1. The list of new terms that you should be able to explain (you will only need twothree sentences in most cases):
Forward contract, futures contract, forward price, futures p
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #4
1. The list of new terms from the third lecture that you should be able to explain in
one-three sentences:
Short rate, risk-neutral probability, term structure model, option-a
FIXED INCOME
Spring 2013
Instructor: Juliusz Radwanski
Non-graded assignment #5
1. Draw an interest rate tree with four periods (including time 0), assuming that
the short rate follows the Vasicek model. Use time steps of 1/2 year. Mark the
risk-neutral p
Fixed Income
Lecture Five
Feb 13th 2013
Instructor:
Juliusz F. Radwanski
The Plan
Implementing Term Structure Models
Time-dependent drift (Ho-Lee)
Constant-drift, constant-volatility
Mean reversion (Vasicek)
Fixed Income Derivatives Forwards and
Futures
C
Fixed Income Assignment
Spring 2013
Instructor: Juliusz Radwanski
Download the Excel le SecondnameFirstname_Assignment.xlsx. Dont forget to rename
it before turning in. The deadline is February 28th 2013. I will not accept les with just
the results your f
Fixed Income
Lecture Four
Feb 6th 2013
Instructor:
Juliusz F. Radwanski
Plan for Today
Short motivation for term structure models
Risk-neutral pricing of FI instruments
Interest rate trees
Risk-neutral probabilities
Examples: Option, CMT swap
Option-adjus
Fixed Income
Lecture Six
Feb 20th 2013
Instructor:
Juliusz F. Radwanski
The Plan
Swap Contracts
Fixed-Income Derivatives Options
European-style options
Valuation via Black-Scholes formulae
Caplets, floorlets, caps, floors
Swaptions
American-style options
Fixed Income
Lecture Three
Jan 30th 2013
Instructor:
Juliusz F. Radwanski
Plan for Today
DV01 and duration
Definitions
Hedging applications
Convexity
Key-rate DV01s and duration
Other approaches to hedging
Spring 2013
J.F. Radwanski 2013
2
DV01
Measuring
Fixed Income
Lecture Two
Jan 23rd 2013
Instructor:
Juliusz F. Radwanski
Plan for Today
Quoting conventions
Backing out the discount function
Spot rates, forward rates, par rates
Spreads
Profit and loss (P&L) decomposition
Spring 2013
J.F. Radwanski 2013
2
3.
For short-term, having more production in China seems reasonable. It is the cheaper option and as
long as the quality can remain on the required level. Also because Obersport has built a new
factory in China, Sport Obermeyer needs to take advantage of
Question 1:
Let Q be the order quantity and D be the demand.
F(Q) = Prob(D Q) is the probability that demand will be less than the order quantity.
From exhibit 10, we know the forecast distribution for each of the style and we can
base on these data to ca
AALTOUNIVERSITYSCHOOLOFBUSINESS
35E00300:Productand
InventoryManagement
SubmissionofAssignment1
Student Name: NGUYEN TRONG LAN
Student number: 382388
Exercise1:
a) The calculation of total costs and unit costs for each product when all OVH costs
are recov