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It is August 20, and you are trying to determine which of two bonds is the cheaper bond to deliver on the December Treasury bond futures contract. The futures price is 89 12/32. Assume delivery will be made on December 14, and use 7.9 percent as the repo rate. Find the cheaper bond to deliver.
a. Bond X: A 9 percent noncallable bond maturing in about 28 years with a price of 100 14/32 and a CF of 1.1106. Coupons are paid on November 15 and May 15. The accrued interest is 2.37 on August 20 and 0.72 on December 14.
b. Bond Z: An 11 1/4 percent noncallable bond maturing in about 25 years with a price of 121 14/32 and a CF of 1.3444. Coupons are paid on February 15 and August 15. The accrued interest is 0.15 on August 20 and 3.7 on December 14.
Your stock investments return 8%, 12%, and -4% in consecutive years. What is the geometric return? What is the sample standard deviation of the above returns?
A 14.55-year maturity zero-coupon bond selling at a yield to maturity of 7% (effective annual yield) has convexity of 160.0 and modified duration of 13.45 years. A 40-year maturity 5% coupon bond making annual coupon payments also selling at a yield ..
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The spot rate between Japan and the U.S. is ¥100.37 = $1, while the one-year forward rate is ¥99.97 = $1. A one-year risk-free security is the U.S. is the yielding 3.8%. What is the rate of return on a one-year risk-free security in Japan assuming th..
Why is the correct answer A? Wouldn't writing a $30,000 check decrease assets and paying off an account payable decrease current liabilities and therefore cancel each other out..? HELP :) Similarly confused on this probelm. I thought paying off the s..
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