Notes, summaries, assignments, exams, and problems for University

Assignment 5

Management of Interest Rate Risk

Major Risks in Bond Market

A) Interest Rate Risk (change in market prices of bonds due to varying interest rates)

• Increase in rates, decrease in market prices, increase in reinvestment rate risk (coupons reinvested at lower return)

B) Reinvestment Rate Risk (uncertainty of rate at which interim cash flows can be reinvested)

• High coupon rate, high reinvestment rate risk
• Greater for longer holding periods (high interim cash flows)

C) Default Risk (credit risk) (issuer unable/unwilling to pay interest and principal of bond)

• High credit rating, lower yield
• Short-term T-bills (almost risk-free, no default risk, and low return and reinvestment risk because of short duration)

D) Call Risk (risk bond issuer will redeem bond before... Continue reading "Interest Rate Risk Management: A Comprehensive Guide for Investors" »

Making a living on the ball steady exchanging

Paid peanuts keep your eye on the ball release broke

Got sacked on your corner reassure affluent

Show you the hopes jump the gun brought up amount

Pulling your weight hitting below the belt mugger change

Profit get a head start con artist receipt

Pack keep track of pickpocket price tag

Deliver stunning shoplifter two for the price of one

Dare tell get caught the full price

Income apart let off at no extra cost

Take pride in flee proff cost of living

Take for granted can't help safeguard low cost

Take sides accomplishment fine out of this world

Take advantage of devote gets away with making a living

Negardless of guidance guilty on the ball

Like clockwork excel trial crime doesn't pay

Split reammate valuables money

Early Chordates and the Rise of Tetrapods

The earliest known chordate, Myllokunmingia, is found in the Chengjiang fauna. One of the major challenges for early tetrapods was supporting their bodies on land, along with reproductive and sensory adaptations. Tetrapod limbs consist of three segments: the stylopod (humerus/femur), zeugopod (ulna/radius, tibia/fibula), and autopod (wrist/fingers, ankle/toes). Tiktaalik represents a key transitional fossil between fish and tetrapods.

Amphibians and Amniotes

Amphibians, with over 4,000 living species, represent a halfway point in the transition to land. They still rely on water for breeding and maintaining water balance. Amniotes, including reptiles, birds, and mammals, evolved a semipermeable shell made... Continue reading "Evolution of Life: From Early Chordates to Modern Biodiversity" »

External Environment Tools

PESTEL Analysis

List of influences on the possible success or failure of strategies:

• Political Factors: Government policies, taxation changes, trade regulations. Zara's corporate social responsibility is transparent; Zara collaborates with communities in its areas of operation and has a code of conduct.
• Economic Factors: Business cycles, interest rates, GDP trends. Zara conducts deep consumer research and acts in a unique way. Export and import concerns affect performance.
• Social-Cultural Factors: Population changes, income distribution. Zara has a good image through donations and charity. Zara embraces diverse cultures, and its brand is known worldwide.
• Technological Factors: ICT innovations, new discoveries, and technological

General Research Questions

What is the relation between protocol and culture, political system, religion? Does it depend above all on culture, the political system or on religion?

How is the education in protocol organized in different cultures?

How does protocol affect social and political changes? How does protocol affect the gender relations?

Does protocol the protocol in the studied context still exist?

Definition culture

The way human beings give form to their environment and give meaning to their existence

Discussion culture

Elite culture / popular culture. Though the distinction is already discussed in the early modern period, nowadays this distinction disappears and is much more fluid.

Other oppositions, more or less apparent: countryside /... Continue reading "Italy in the 20th Century: Culture, Protocol, and Totalitarianism" »

Solid Bulk Terminals

As the name implies, solid bulk terminals handle bulk cargo and are typically located near port entrances.

Design

These terminals don't require a continuous berth. The current trend is to construct them with a light working platform.

Goods

Solid bulk terminals handle various goods, categorized as follows:

• Primary Bulk Cargo: Iron ore, cereals, coal, bauxite, and phosphates.
• Secondary Bulk Cargo: Metals, minerals for construction (coke, cast iron, cement, magnesium ore, scrap), and other agricultural products.

Storage

Storage methods depend on the cargo type:

• Clean Bulk: Products for human or animal consumption (cereals, flour, animal feed) require specific handling and storage facilities.
• Dirty Bulk: Materials from mining and steel

Port Realities and Potential

The port encompasses various aspects:

• Part of the coast
• An urban space
• An industrial zone
• An intermodal connection point
• A logistics and storage area
• A recreational space for citizens
• A commercial zone
• An element of the landscape
• An access point for berthing and unloading ships

The logistics function significantly impacts a country's foreign trade competitiveness. Modern ports should integrate into the production, transport, and distribution logistics chain, rather than operating as an independent link. Integration is achieved by offering a wide range of services, enhancing the capture and loyalty of the port's primary client: "the cargo." This underscores the importance of port specialization.

Economic Impact and the Logistics

The Money Multiplier

With just a little mathematical manipulation, we can express the real-world money multiplier (m) as a function of the required reserve ratio (RRR), the excess-reserves ratio (ER/D), and the currency-deposit ratio (C/D). To find m, all we need are the values of the C/D and ER/D ratios. (We already know that RRR = .10, or 10%.) Alternatively, we could compute m with values for C, D, and ER.

Studying the multiplier effect is crucial because, unlike what basic economics states, the money supply is not fully controlled by the Fed. Instead, the Fed does have access to the monetary base, but the multiplier effect will depend on the monetary decisions of financial institutions and the general public.

Factors Affecting the Money Multiplier

Several... Continue reading "The Money Multiplier: Factors and Effects" »