films. The adventure began in the early fifties when Ian Lancaster Fleming created the story Casino Royale on his Jamaican property called Goldeneye.1 Fleming transformed popular detective and spy/espionage from the dark‚ through the eye of secret agent 007. James Bond films are about a lady’s man/spy that has dedicated his life to a British intelligence agency called MI6. By utilizing the most technologically advanced spy equipment and specially designed vehicles that can withstand the most torturous
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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borrowing money by issuing bonds is that interest payments‚ unlike dividends‚ are tax-deductible. But interest has to be paid even in a year in which a company makes no profit‚ so it is safer to have equity capital as well‚ on which no dividends need be paid if there are no profits. 4/29/2014 3 4 • What are differences between bonds and shares? Stocks and Bonds Which security is better? 4/29/2014 4/29/2014 5 1 4/29/2014 STRUCTURE BONDS - a form of debt with
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CHEMICAL BONDING MOKAN A/L VELAN (SCPNG0000019030) SANDEEP SINGH JASPREET SINGH TABLE OF CONTENT Contents IONIC BOND 2 METALLIC BOND 9 The "Sea of Electrons" Theory 14 Conductors‚ Insulators and Semiconductors 16 25 IONIC BOND Ionic bond is formed when electron transferred from a valence shell of an atom to the valence shell of another atom. Ionic bond involves electron transfer across two atoms. The atom which donates the electron is called cation which is a positive ion whereas
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Journal of Banking & Finance 36 (2012) 2216–2232 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Are corporate bond market returns predictable? Yongmiao Hong a‚b‚ Hai Lin c‚d‚ Chunchi Wu e‚⇑ a Department of Economics‚ Cornell University‚ Ithaca‚ NY 14853‚ USA Wang Yanan Institute for Studies in Economics and MOE Key Laboratory in Econometrics‚ Xiamen University‚ Xiamen 361005‚ China c Department of Accountancy
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Value of Money to Security Valuation – Valuation of Bonds and Debt Securities A bond or a debenture is a long term debt instrument carrying a fixed rate of interest which is known to investors. A bond is redeemable after a specified period. Bonds are also called gilt edged securities or gilt when issued by the government since it is free of default risk. Features of a Bond or Debenture • Face Value – Face value is called par value. A bond / debenture is generally issued at a par value and
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VALUATION AND MANAGEMENT OF BONDS All Rights Reserved © Oxford University Press‚ 2011 2 CONTENTS Introduction Features of the bond Face Value l Coupon Rate Periodicity of coupon payments Maturity Redemption Value Fixed and Floating Rate Bonds Indexed Bonds Callable & Puttable Bonds C ll bl & P tt bl B d Zero Coupon and Deep Discount Bonds Convertible Bonds CHAPTER 6 Types of Bonds Types of Bonds Cash Flow of the bond VALUATION & MANAGEMENT OF BONDS 3
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TYPES OF BONDS There are a plenty amount of different types of bonds‚ existing nowadays. Actually‚ the bond market offers investors a lot more choices than the stock market. Which bonds to choose depends on the goals‚ tax situation and the risk tolerance of a person who is going to invest in bonds. The broad bond market includes in itself government‚ municipal‚ corporate‚ mortgage-backed or asset-backed securities and international bonds. Within each broad bond market sector it is possible to
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INTRODUCTION TO CHEMICAL BONDS CHEMICAL BOND Definition: A chemical bond is defined as a force that acts between two or more atoms to hold them together as a stable molecule. Main types of bond: 1. Ionic or electrovalent bond‚ 2. Covalent bond‚ 3. Coordinate covalent bond Forth type of bond: Metallic bond: The type of bonding which holds the atoms together in metal crystal. Valence electron: The electrons in the outer most energy level in an atom that takes part in chemical
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Catastrophe Bonds By Kirill Graminschi The trouble with Catastrophe Bonds The article presents the difficulties insurance companies face when they are issuing catastrophe bonds. Do they efficiently hedge against large-scale disasters? It is very difficult hedging against catastrophic losses. Japan’s March earthquake‚ tsunami and nuclear disaster threat could cost the insurance industry between $21 and $34 billion. The catastrophe bonds are not helping much the insurance companies‚ although
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