tailieunhanh - Dictionary of Finantial and Business Terms part 12

Premium bond A bond that is selling for more than its par value. Prepackaged bankruptcy A bankruptcy in which a debtor and its creditors pre-negotiate a plan or reorganization and then file it along with the bankruptcy petition. Prepayment speed Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities. Prepayments Payments made in excess of scheduled mortgage principal repayments. | 111 Dictionary of Finantial and Business Terms Lico Reis - Consultoria L nguas licoreis@ premium payback period. Also called break-even time the time it takes to recover the premium per share of a convertible security. Premium bond A bond that is selling for more than its par value. Prepackaged bankruptcy A bankruptcy in which a debtor and its creditors pre-negotiate a plan or reorganization and then file it along with the bankruptcy petition. Prepayment speed Also called speed the estimated rate at which mortgagors pay off their loans ahead of schedule critical in assessing the value of mortgage pass-through securities. Prepayments Payments made in excess of scheduled mortgage principal repayments. Prerefunded bond Refunded bond. Present value The amount of cash today that is equivalent in value to a payment or to a stream of payments to be received in the future. Present value factor Factor used to calculate an estimate of the present value of an amount to be received in a future period. Present value of growth opportunities NPV Net present value of investments the firm is expected to make in the future. Presold issue An issue that is sold out before the coupon announcement. Pre-trade benchmarks Prices occurring before or at the decision to trade. Price book ratio Compares a stock s market value to the value of total assets less total liabilities book value . Determined by dividing current stock price by common stockholder equity per share book value adjusted for stock splits. Also called Market-to-Book. Price earnings ratio Shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by current earnings per share adjusted for stock splits . Earnings per share for the P E ratio is determined by dividing earnings for past 12 months by the number of common shares outstanding. Higher multiple means investors have higher expectations for future growth and have bid up the stock s price. Price sales ratio Determined by .