TAILIEUCHUNG - Lecture Money and capital markets: Financial institutions and instruments in a global marketplace (8th edition): Chapter 8 - Peter S. Rose
Chapter 8 - Marketability, default risk, call privileges, prepayment risk, taxes, and other factors affecting interest rates. In this chapter, students will be able to see the effects of financial assets’ marketability, liquidity, default risk, call privileges, prepayment risk, convertibility and taxability upon their interest rates and prices; to understand why there are so many different interest rates within the global economy;. | Money and Capital Markets 8 C h a p t e r Eighth Edition Financial Institutions and Instruments in a Global Marketplace Peter S. Rose McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu Marketability, Default Risk, Call Privileges, Prepayment Risk, Taxes, and Other Factors Affecting Interest Rates Learning Objectives To see the effects of the marketability, default risk, liquidity, call privileges, prepayment risk, convertibility and taxability of various loans and securities upon their interest rates. To understand why there are so many different interest rates within the global economy. To learn how the “structure of interest rates” is built and why it changes constantly. Learning Objectives To appreciate the difficulties of forecasting interest rates and financial asset prices accurately. Introduction In the preceding chapter, we examined how expected inflation and security maturity affect interest rates. In this chapter, we will look at how some other factors influence .
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