Interpretation of Prop Trading and Market Making: Responses to the FSOC Section 619 of the Dodd-Frank Act bans proprietary trading but includes an exemption for market-making trades with the limitation that these trades do not exceed the reasonable expected near term demand of clients, customers or counterparties. In separate responses to FSOC, there have been references on the likely interpretation of Section 619 of the Dodd-Frank Act, especially on the terms marketmaking and near term demand
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Equity Markets Syed Zulfiqar Ali Shah Assistant Professor-Finance, Department of Business Administration Faculty of Management Sciences, International Islamic University Islamabad E-mail: zulfiqar.shah@gmail.com Muhammad Husnain Ph.D Scholar (Finance) Mohammad Ali Jinnah University Islamabad Email: Husnain_ctn@yahoo.com Abstract Financial economists have continuously questioned the efficient market hypothesis especially in last decade. Major part of discussion is whether the equity markets are efficient
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____________Anh__________________________ Date of Submission: ____________March 14th, 2010________________ Name of first marker: Mark: Name of second marker: Mark: DISSERTATION PROPOSAL ON VIETNAMESE CORPORATE BOND MARKET: THE CAUSES OF UNDERDEVELOPMENT BY ABCDEF ABCDEF ID: 123456789 14th March, 2010 Table of contents 1. Background of study 4 1. Structure of
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M.I.T. Sloan School of Management Spring 1999 15.415 First Half Summary Present Values • Basic Idea: We should discount future cash flows. The appropriate discount rate is the opportunity cost of capital. • Net Present Value: The net present value of a stream of yearly cash flows is N P V = C0 + C1 C2 Cn + + ··· + , 2 1 + r1 (1 + r2 ) (1 + rn )n where rn is the n year discount rate. • Monthly Rate: The monthly rate, x, is x = (1 + EAR) 12 − 1, where EAR is the effective annual rate. The EAR
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how capital market data and asset pricing model(s) can be used to estimate the cost of capital (or the required rate of return) for real investments. You do NOT have to write a formal report, but you should provide concise answers with all the assumptions stated clearly for the questions given below. * Estimate stock returns from prices by adjusting for stock splits and stock dividends * Use the EXCEL to estimate stock betas from regression models using the appropriate market returns
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Abstract Financial derivatives as the most central part of the financial innovation, from its birth to the present, has gone through a process of rapid development, more and more enterprises have been used. The emergence of financial derivatives in order to avoid risks, In addition, financial derivatives are lower financing costs, optimize the financing structure, and enhance enterprise value has made a huge contribution, it is because of this, financial derivatives in such a short
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dollar coupon; “FV” is Face or par value, which is $1,000; “t” is remaining years to maturity. “P 0” is current market price of bond. Note: If the bond pays semi-annual coupon, divide “C” by 2; multiply “t” by 2; and multiply answer (R d) by 2. * Cost of Preferred Stock (R p): Rp=DIVPSP0 Where: DIV is $ preferred stock dividend; or dividend yield x PAR. P 0 is current market price of preferred stock. Note: Par value of preferred stock is $100. * Cost of Equity (Re) 1.
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more competition in the market than ever before. * Strategies: * Corporate: As long as Apple continues to grow and push their products to their customers they will continue to have a stable market for their products. They can do this by simply developing their products while continuing to maintain the level of consistency that they have had in the past. * Business: As long as Apple continues to provide a superior product than their competition at a market value their product will
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earning capacity. | http://www.investopedia.com/terms/t/timevalueofmoney.asp | Efficient market | | | Primary versus secondary market | Primanry Market - The primary market is where securities are created. It's in this market that firms sell new stocks and bonds to the public for the first time.Secondary Market- The secondary market is what people are talking about when they refer to the "stock market". | http://www.investopedia.com/articles/02/101102.aspPreviously issued securities are traded
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