tailieunhanh - Lecture Investments (Special Indian Edition): Chapter 19 - Bodie, Kane, Marcus

This chapter is organized as follows: Section 2 discusses the investment policy statement, a written document that captures the client’s investment objectives and the constraints. Section 3 discusses the portfolio construction process, including the first step of specifying a strategic asset allocation for the client. Section 4 concludes and summarizes the reading. | Chapter 20 Options Markets: Introduction Buy - Long Sell - Short Call Put Key Elements Exercise or Strike Price Premium or Price Maturity or Expiration Option Terminology In the Money - exercise of the option would be profitable. Call: market price>exercise price Put: exercise price>market price Out of the Money - exercise of the option would not be profitable. Call: market priceX 0 if ST exercise price Put: exercise price>market price Out of the Money - exercise of the option would not be profitable. Call: market priceX 0 if ST X 0 if ST X (X - ST) if ST X -(X - ST) if ST < X Profits to Put Writer Payoff + Premium Payoffs and Profits at Expiration - Puts Profit Profiles for Puts 0 Profits Stock Price Put Writer Put Holder Investment Strategy Investment Equity only Buy stock @ 100 300 shares $10,000 Options only Buy calls @ 10 1000 options $10,000 Leveraged Buy calls @ 10 100 options $1,000 equity Buy T-bills @ 2% $9,000 Yield Equity, Options & Leveraged Equity IBM Stock Price $95 $105 $115 All Stock $9,500 $10,500 $11,500 All Options $0 $5,000 $15,000 Lev Equity $9,270 $9,770 $10,770 Equity, Options Leveraged Equity - Payoffs IBM Stock Price $95 .

• Quỹ đầu tư
• Lecture Investments
• Portfolio theory
• Equilibrium in capital markets
• Investment environment
• Financial instruments
• Money market
• Accounting principles
• Lecture Accounting principles
• Financial reporting
• Classifying investments
• Accounting for trading investments
• Strategic investments
• International operations
• Noninfluential investments
• Motivation for investments
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Financial accounting
• Lecture Financial accounting
• Accounting system
• Interpreting investments
• Passive investments
• Equity securities
• Investments in stock
• Survey of accounting
• Lecture Survey of accounting
• Capital investments
• Planning for capital investments
• Reinvestment assumption
• Internal rate of return
• Intermediate accounting
• Lecture Intermediate accounting
• Investments in debt securities
• Investments in equity securities
• Available for sale securities
• Debt investments
• Stock investments
• Financial statements
• Nguyên lý kế toán
• Managerial Accounting
• Lecture Managerial Accounting
• Kế toán quản trị
• Capital budgeting evaluation
• Accounting for cash
• Accounting cycle
• Business decision
• Kế toán tài chính
• Analyzing investments
• Financial information
• Financial statement analysis
• Intercorporate equity investments
• Minority passive investments
• Acquisition method
• Investment analysis
• Principles of portfolio
• Equity analysis
• Portfolio management
• Market organization
• Security market indices
• Market efficiency
• Investment management products
• Portfolio risk
• Portfolio planning
• Company analysis
• Equity valuation