صباح الخير بناااات
لولوه فين الاقيها ايت علاقه بتتكلمي عنها ؟؟؟؟؟؟؟؟؟
|
هذا الاول:
(1 what are the factors that affect bond price? What are the relationship between this factor and bond price?
Coupon rate & Time of maturity are positive relationship with bond price
Interest rate is negative relationship with bond price.
2) How can risk affect securities price?
When risk is high leads to high risk premium leads to high required rate of return leads to decrease price of securities.
3) why the time of maturity is affect bond price?
Because the longer the time of maturity leads to decrease in interest rate leads to increase in bond price
هذا الثاني:
What is important of required rate of return? (سؤال مقالي مهم)
1)It influence the cost of financing.
2)It influence the price of securities.
3)It help to pricing the new issue securities.
4)cost of financing use to evaluate the new project → IRR,NPV,PI .
الحين التمرين اللي كتبته بعد ماخلصنا إختبار الدوري الثاني..
هذه القاعدات لازم نحفظها لنوجد العلاقة..
Systematic risk (β) inflation increases interest rate.
β for market =1
β = 1 → k_stock = R_m
β >1 → k_stock > R_m
β <1 → k_stock < R_m
عن طريق قيمة 𝛃:-R_m لنوجد العلاقة بينه وبين K مافي نص محدد للتمرين لأننا نحسب
Market return (R_m) Free risk return (R_f) Systematic risk (β) R_f+ β (R_m- R_f) = k
15 6 1 = 15
18 6 0.7 = 14.4
12 6 1.2 = 13.2
العلاقة تكون بين العمود الأول والعمود الأخير بعد أن نوجد قيمته..
^
^
موجودين بملخصات غرومه ومس سحر مهران قالت جايه لامحاله