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Desk summary for EHL exams

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Desk summary for EHL exams Powered By Docstoc
					! Deviation ! Return - Er

B eta: E x pected R eturn – R isk free rate R isk prem ium

System atic risk: U nsystem atic risk:

beta stdev

 

cannot be diversified can be diversified

s e ttle m e n t d a te m a tu rity d a te An u a l c o u p o n ra te Y ie ld to m a tu rity F a c e v a lu e (% o f p a r) C o u p o n s p e r ye a r B o n d p ric e (% o f p a r)

0 1 .0 1 .2 0 0 0 0 1 .0 1 .2 0 2 2 8% 9% 100 2 9 0 .4 9 1

= P R IC E (s e ttle m e n t d a te ;m a tu rity d a te ;a n n u a l c o u p o n ra te ;Y IE L D to m a tu rity;fa c e va lu e ;c o u p o n s /ye a r)


				
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Description: A very complete summary, here it is made very easy to access all formulas and theories