instruments)(存儲(chǔ)版)
【正文】 e it parable. McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 232 Construction of Indexes ?How are stocks weighted? Price weighted (DJIA) Marketvalue weighted (SP500, NASDAQ) Equally weighted (Value Line Index) ?How returns are averaged? Arithmetic (DJIA and SP500) Geometric (Value Line Index) McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 230 Examples of Indexes Int’l ?Nikkei 225 Nikkei 300 ?FTSE (Financial Times of London) ?Dax ?Region and Country Indexes EAFE Far East United Kingdom McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 222 Money Market Instrument Yields ?Yields on Money Market Instruments are not always directly parable. ?Factors influencing yields. ?Par value vs. investment value ?360 vs. 365 days assumed in a year (366 leap year) ?Bond equivalent yield McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 214 Bond Indexes ?Lehman Brothers ?Merrill Lynch ?Salomon Brothers ?Specialized Indexes Merrill Lynch Mortgage McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 26 Bank Discount Rate (TBills) %890360000,10800,9000,10800,9:90:360000,10000,10????????rrbdbdPdayExamplenPRbd = bank discount rate P = market price of the bill n = number of days to maturity McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 21 Financial Markets and Instruments Chapter 2 McGrawHill/Irwin Copyright 169。 2023 by The McGrawHill Companies, Inc. All rights reserved. 29 Capital Market Fixed Ine Instruments ?Publicly Issued Instruments US Treasury Bonds and Notes Agency Issues (Fed Gov) Municipal Bonds ?Privately Issued Instrument
法律信息相關(guān)推薦
鄂ICP備17016276號(hào)-1