Category: course-related

GMAN 322: Efficient Markets Assignment

I have posted two videos below. One is of Benoit Mandelbrot, a mathematician who passed away not too long ago. Here is a brief bio (and there’s more in the video): Mandelbrot has been called a visionary[20] and a maverick.[21] His…

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UGBA 113: Homework due 10/6

From the ‘Bonds’ handout , please do: 5-9, 5-10, 5-16 and 5-21. Also, as I said in class, you need to replicate Table 4-6 from the ‘Duration and Convexity’ handout, using Excel.’ Finally, if you haven’t already done so, please download…

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Items Posted

A few items have been posted: Answer key for last week’s exam. Beta Mgmt. Co. case spreadsheet (please download for tomorrow’s class). A review of regression output variables. Review these for tomorrow – we will be going through all three.…

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Bonds, Bonds, and Bonds

The bond market is booming, with investors (some say) diving into safe securities, driving bond prices up and yields down. In addition, the Fed has kept interest rates low for one of the longest periods in history. As a consequence,…

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Items Posted

Class, I’ve posted to the blog (see left, under ‘Lecture 4’): The answers to Exam 1 A spreadsheet with: Amortization tables for Problems 4-20a,b,c, and 4-29. Let me know if you have any questions. Be Sociable, Share!

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Your Personal Discount Rate

Scientist Jeff Schweitzer has an interesting and unique, but disturbing (and very real) application of the time value of money concept. He says environments in developing countries are being destroyed because of the infinite discount rates of their starving populations.…

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Good New-Bad News

James Surowiecki (over at the New Yorker), wrote about financial illiteracy in the issue from a couple of weeks ago. The bad news is that we Americans are clueless about finance, and particularly, our personal finances: The depth of our…

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FAIM 608: Spreadsheets Uploaded

I’ve uploaded some spreadsheets to help you with: Understanding conversion factors. Convexity adjustments. Solving Problem 3.23. Understanding the relationship between futures and expected spot using CAPM (from Chapter 5). See the sidebar to the right (Lectures 6, 7 and 8).…

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