e: P t = price per share at the end of time period t, and D t = cash distributions received during time period t. Example: A stock is curren ...
2013-04-28 11:04Interval scale: this scale provides ranking and assurance that differences between scale values are equal. Measuring temperature is a prime ...
2013-04-28 11:04pulation and a sample. A population is defined as all members of a specified group. Any descriptive measure of a population characteristic i ...
2013-04-28 11:04xt 5 years. Example: Funding a Retirement Program A 35-year old investor wants to retire in 25 years at age 60. Given he expects to earn 12. ...
2013-04-28 11:044 ? - 1 = 1.1255 - 1 = 12.55% k: Draw a time line, specify a time index, and solve problems involving the time value of money as applied to ...
2013-04-28 11:04In the continuous compounding equation, the interest rate is the stated or nominal annual rate. Example: Given: a 10% annual rate paid quart ...
2013-04-28 11:04h: Calculate time value of money problems when compounding periods are other than annual. Example: PV = $100, N = 1 year, I = 12%. Find the ...
2013-04-28 11:04PV perpetuity = 4.50 / .08 = $56.25 This means that if the investor wants to earn an 8% rate of return, she should be willing to pay $56.25 ...
2013-04-28 11:04hat you have $1,000 in the bank today. If the interest rate is 8%, how many annual, end-of-year payments of $150 can you withdraw? ? I/Y = 8 ...
2013-04-28 11:04N = 15, I/Y = 7%, FV = 3,000; CPT PMT = $119.38 (ignore the sign). ? Example: Suppose that you will deposit $100 at the end of each year for ...
2013-04-28 11:04Example: Find the PV of a 3-year annuity due that will make a series of $100 beginning of year payments, given a 10% discount rate. Note: Th ...
2013-04-28 11:04In this example, you want to find out how many years (N) it will take for a $500 investment (PV) to grow to $1,000 (FV), given that we can e ...
2013-04-28 11:04Example: Using a financial calculator, heres an example of how youd find the PV of a $1,000 cash flow (FV) to be received in 5 (N) years, gi ...
2013-04-28 11:04二、Investment Tools: Quantitative Methods 1.A.: Time Value of Money a: Calculate the future value (FV) and present value (PV) of a single s ...
2013-04-28 11:04present value of the MLP is the selling price of the lease asset. Thus, at the time of the leases inception, the lessor recognizes a gross p ...
2013-04-28 11:04implicit rate in the lease is the discount rate that the lessor used to determine the lease payments. It is the discount rate that equates t ...
2013-04-28 11:04Firms. The PPS Standards are voluntary. The PPS are widely recognized as fair and accurate reporting guidelines for investment performance. ...
2013-04-28 11:042. If members communicate individual or firm performance information directly or indirectly to clients or prospective clients, or in a manne ...
2013-04-28 11:04IV(B.8) Disclosure of Referral Fees: Members shall disclose to clients and prospects any consideration or benefit received by the member or ...
2013-04-28 11:043. Limit the number of access persons. Fire Walls should be built to prevent the flow of information from one group or department to other g ...
2013-04-28 11:04b. Consider the appropriateness and suitability of investment recommendations or actions for each portfolio or client (including the needs a ...
2013-04-28 11:04IV(A.3) Independence and Objectivity. Members shall use reasonable care and judgment to achieve and maintain independence and objectivity in ...
2013-04-28 11:045. Review employee actions to ensure compliance and identify violators, initiating procedures once a violation has occurred. A supervisor sh ...
2013-04-28 11:04C.: Disclose Conflicts between you and your Employer III(C.1): Members shall disclose to their employer all matters, including beneficial ow ...
2013-04-28 11:04Compliance: 1. Maintain copies of materials that were relied on in preparing the research report. 2. Attribute quotations (and projections, ...
2013-04-28 11:04A.: Use of Professional Designation II(A.1) AIMR members may reference their membership only in a dignified and judicious manner. The use of ...
2013-04-28 11:04一、Ethical and Professional Standards 1.: Code of Ethics A.: State the four components of the Code of Ethics. Members of AIMR shall: 1. Act ...
2013-04-28 11:04The implication for analysis is clear: the pattern of cash flow from operations has been distorted because cash is received earlier than if ...
2013-04-28 11:04c: Discuss the factors that determine whether a company would tend to favor capital or operating leases. The incentives for structuring a le ...
2013-04-28 11:04alues of debt. Increases (decreases) in the market rate of interest decreases (increases) the market value of debt. These gains (from the de ...
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