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Mortgage lock-ins protect borrowers from an increase in loan rates during the house-buying process, while loan modification agreements aid troubled borrowers in avoiding disclosure. In recent years, as market interest rates fell, many homeowners have chosen to refinance their home mortgages. Some have also opted to take home equity loans.
22 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 528 | Lượt tải: 0
In view of the soaring number of bankruptcy filings and in an effort to lower the cost of consumer credit for most borrowers, proposals have been made to make bankruptcy a more costly process and to encourage the development of more financial education courses for consumers.
27 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 495 | Lượt tải: 0
One popular modern theory regarding the valuation of stocks is the random walk theory. According to the theory, successive changes in the price of a stock are random fluctuations around that stock’s intrinsic value, and these changes are independent of the sequence of price changes that occurred in the past. But of course, many analysts still sub...
28 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 533 | Lượt tải: 0
The growth in corporate borrowing is due to: inflation the increased use of financial leverage to boost returns to corporate stockholders the development of international capital markets recent relatively-low interest rates the rash of corporate takeovers (leveraged buyouts) and mergers
25 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 486 | Lượt tải: 0
Many observers question the social benefit of the tax-exemption privilege. Although state and local governments can borrow more cheaply, the federal government must tax more heavily to make up for the lost revenue. Many important investor groups (such as pension funds) have little need for tax shelters.
20 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 741 | Lượt tải: 0
New Treasury bills, notes, and bonds can be bought directly from the Treasury Department or from the Treasury’s agents – the Federal Reserve banks. Many investors also place orders for new Treasury issues through a security broker or dealer, bank, or nonbank financial institution.
24 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 580 | Lượt tải: 0
Regulation seeks to promote the safety and stability of financial institutions in order to preserve the confidence of the public and avoid institutional failures. However, regulation can become a costly burden that significantly increases the operating costs of financial institutions and limits the cleansing effects of failure and competition.
31 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 608 | Lượt tải: 0
Given: Canadian$ spot rate (S0) = 1.2488 C$/USD Expected U.S. inflation (hUS) = 3% per year Expected Canadian inflation (hFC) = 2% Will the USD appreciate or depreciate relative to the Canadian dollar? What is the expected exchange rate in one year?
43 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 627 | Lượt tải: 0
The majority of the close to 1,700 U.S. life insurance companies are stockholder-owned corporations. The rest are mutuals that issue ownership shares to their policyholders. The population reached a high of almost 2,350 in 1988 and has been falling ever since. Most notably, the largest life insurers today are converging with other financial insti...
43 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 641 | Lượt tải: 0
EOQ = Economic Order Quantity EOQ minimizes total inventory cost Q = inventory quantity in each order Q/2 = Average inventory T = firm’s total unit sales per year T/Q = number of orders per year CC = Inventory carrying cost per unit F = Fixed cost per order
44 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 800 | Lượt tải: 0
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