TAILIEUCHUNG - Ebook Capital investment & financing - A practical guide to financial evaluation: Part 2

(BQ) Part 2 book “Capital investment & financing - A practical guide to financial evaluation” has contents: Straight bond pricing, forward pricing, basic option pricing, option pricing applications, interest rate and currency options. | B2 STRAIGHT BOND PRICING INTRODUCTION TO INTEREST RATES Simple and Compound Interest Simple Rates If interest is received only once at the end of a deposit term (on maturity), there would be no opportunity to earn interest on any interest received during that term (interest on interest). For a one year deposit, the actual, ‘Effective’ rate of interest earned would be the quoted, ‘Simple’ (or ‘Nominal’) rate per annum. Example Simple interest, paid annually £100m placed on deposit at . for 1 year (no interim interest) Today Principal Interest received on Principal Future Value Quoted, nominal rate Actual return 1 year 365 days () per year = { Future Value (£) / Principal (£) }^(365/365) - 1 = for 365 days A quoted simple annual rate assumes interest is paid once on maturity after 1 year. The interest paid on a period shorter than one year is calculated as follows: Simple Interest and Future Value (1 year) where Interest = Future Value = P + Interest = P x 1 + r x P P x r x t Y t Y Principal repaid in t days r Simple (‘Nominal’) interest rate (%) for 1 year Y Year in days (some securities / countries use 360 days – see – 365 will be used in this Appendix) t Number of days after which interest is received (see for 30 day month restriction for some securities) 205 206 APPENDIX B2 - STRAIGHT BOND PRICING If interest is paid during the year, the actual interest earned over the 1 year would be higher than the Simple rate due to the compounding effect of receiving interest on interest (the equivalent Effective rate earned over the whole period would be higher than the Simple rate). Example Simple interest, paid semi-annually £100m placed on deposit at . for 1 year (interest paid half yearly). Note: it is assumed that interest is paid exactly half way through the year ( days) – this would not be the case in practice, but an equal interest .

• Ngân hàng - Tín dụng
• Capital investment
• Financial evaluation
• Straight bond pricing
• Forward pricing
• Basic option pricing
• Option pricing applications
• Capital raising
• Capital management
• Financial risk management
• Summary of Phd thesis
• Allocation of state budget capital
• State budget capital
• Capital construction investment projects
• Lai Chau province
• Captial investment on tea production
• Tea production in Lai Chau province
• Capital investment on agricultural production
• The impact of capital investment on average tea yield
• The impact of investment on annual tea revenue
• Accounting for business
• Lecture Accounting for business
• Capital investment analysis
• Capital investment decisions
• Non discounting models
• Calculation of discounting models
• Estimation errors of working capital
• Accrual quality
• Investment risk
• Working capital
• Construction of investment risk measure
• Summary of doctoral thesis
• Investment capital for socio economic development of Phu Quoc island
• Socio economic development of Phu Quoc island
• Socio economic development
• Phu Quoc island
• Increasing investment capital
• Making Capital Investment Decisions
• Capital Budgeting and Cash Flows
• Incremental Cash Flows
• Pro Forma Financial Statements
• Operating Cash Flows Replacement Decisions
• Discounted Cash Flow Analysis
• Doctoral thesis summary
• Political economy
• The role of the state
• Investment with state budget capital
• Defense industry
• Summary of Economic thesis
• Capital investment development marine
• Economic southern Vietnam
• Marine island economic
• Capital sources
• Identify factors affecting foreign direct investment capital
• The southern key economic region
• Fix Effect Model
• Random Effect Model
• Foreign direct investment capita
• Food security
• Capital formation
• Public investment and private investment
• Private investment
• Agriculture in Karnataka
• Capital Budgeting
• Financial Appraisal
• project costs
• project investment
• project evaluation
• project management
• technical project management
• project management for small business
• Financing patterns
• Evidence from turkey
• Investment financing patterns of SMES
• Determinants of working capital
• investment approach
• investment experience
• investment
• ODA capital
• investment loans
• financial investments
• Enterprises' investment decision
• Industrial parks in Vietnam
• Investment decision of enterprises
• Investment capital of enterprises
• Economic growth rate
• World investment report 2019
• World investment report
• Special economic zones
• Global investment trends
• FDI and other cross border capital flows
• FDI capital
• ASEAN economic community
• Strategic investors
• Principal theory of practice
• Solutions for FDI capital investment
• Capital budgeting as a tool of management decision making
• National investment bank limited
• Management decision making
• Long term effect
• The firm’s value
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Brief of economic PhD thesis
• Mobilize investment capital
• Socioeconomic development
• Ethnic minorities
• Mountainous regions
• International Finance
• Lecture International finance
• Tài chính quốc tế
• Bài giảng Tài chính quốc tế
• Foreign direct investment
• International capital budgeting
• Decision makers
• Financial planning
• Interpreting financial statements
• Corporate finance and investment
• The dividend decision
• Capital structure
• The required return
• Does capital structure really matter
• Acquisitions and restructuring
• Managing currency risk