CHAPTER 8 Bond Valuation and the Structure of Interest Rates Learning Objectives 1. Explain what an efficient capital market is and why “market efficiency” is important…
CHAPTER 8 Bond Valuation and the Structure of Interest Rates Learning Objectives 1. Explain what an efficient capital market is and why “market efficiency” is important…
Chapter 1 Chapter 1. Introduction · INVESTMENT: The sacrifice of certain present value for (possibly uncertain) future values (benefits). - two attributes: time and risk…
Slide 1Planning for the Future How you spend and invest your money can have an impact on your lifestyle at a later time. What might you want to start saving for in the near…
1. “The data, statistics and analysis contained in this presentation are solely for informational purposes. It does not take into account the recipient’s particular objectives,…
Slide 1Interest Rate Factor in Financing Objectives Present value of a single sum Future value of a single sum Present value of an annuity Future value of an annuity Calculate…
Slide 1 CHAPTER 8 FIXED - INCOME MARKETS Slide 2 Overview of the Money Market Short-term debt market -- most under 120 days. A few high quality borrowers. Many diverse investors.…