Forum / Vertiefungsmodule / Financial Management and Reporting
Financial Management and Reporting
Hi all! I think it would be nice&useful if we could post some questions and solutions concerning the Take Home Exams and Additional Exams of this course like we did in the topic for "Project and Enterprise Financing".
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How do you answer question b) of first additional exercise part 1? Wie findet man die Lösung für additional exercise 1b)?
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Why are the saved storage and insurance costs of 0.05 not invested for 4%p.a. too? In the slides FMR_1-2 page 45 the saved storage costs are invested. I would say that's because the storage and insurance costs should be paid at the end of the period and maybe you don't have to consider investments which give returns beyond the considered period (between t=0 and t=T)
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How do you answer question b) of first additional exercise part 1? Wie findet man die Lösung für additional exercise 1b)?
Hmm, I'm not sure but ..: You have only the following (quartal-) months for delivery: mar, jun,sep,dec and since we want to hedge a portfolio beginning from 1.4.2009 for 3 months, this 3 months will end on 1.7.2009. The next possible delivery month is September2009.
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Example: Euribor Futures & Example: LTIR and Stock Index Futures
Example: Euribor Futures Why do we have to choose (only) the March Euribor? Why dont we choose a June Euribor? The pricedrop from 94.55 to 94.35 is 25BP (even larger than from the march euribor). How do you know which Euribors you have to choose when?
Example: LTIR and Stock Index Futures Why did the professor take the E-Mini Contract (50$) for his solution and not the normal one (250$)? How do you know which S&P500 Contract you have to choose?
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Mr. Vogel said in the last class that especially what he wrote on the blackboard in the second class is important for the final exam. I wasn't there because I had to work, can anyone share his notes or tell me what it was about? Thanks in advance
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Mr. Vogel said in the last class that especially what he wrote on the blackboard in the second class is important for the final exam. I wasn't there because I had to work, can anyone share his notes or tell me what it was about? Thanks in advance
Prof. Vogel also mentioned the following need-2-knows in the last exercise:
-What is a derivative (incl. definition) -hedging types -what are hedging instruments/hedgeable items (you have to be able to assign the right type to the right item (or something like that..)) -Difference between Forward/Option -Which "monsters" aren't allowed for hedging (written options, ...) -effectiveness tests -prospective/retrospective -Which tests can one conduct / why can some tests be conducted only either prospectively or only retrospectively
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Final Exam - Relevant chapters of Prof. Aussenegg's slides
Did Prof. Aussenegg tell us which chapters of his slides will be relevant for the final exam? I think that he had mentioned it previously, that some topics aren't relevant ,but I can't remember it clearly.
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Take Home Exam 1 & 2 Scan
Could somebody scan in the TakeHomeExams 1&2 and upload them here? Thx!
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Hi, did someone solve the Ex. 4 from the additional exercises???I`m getting: d1= -0,443808 d2= -0,568808 N{-d1} = N{0,443808} = 0,6714047 N{-d2} = N{0,568808} = 0,71525472 and P=X . P(T) . N{-d2} - S . N {-d1 } =14,3 Did anyone get the right answer 13,59? Where am I making a mistake??? Thanks.
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Hi, did someone solve the Ex. 4 from the additional exercises???I`m getting: d1= -0,443808 d2= -0,568808 N{-d1} = N{0,443808} = 0,6714047 N{-d2} = N{0,568808} = 0,71525472 and P=X . P(T) . N{-d2} - S . N {-d1 } =14,3 Did anyone get the right answer 13,59? Where am I making a mistake??? Thanks.
Hi! With the following I get 13.5868... : 160 * (1.005^(-0.25)) * 0.71396 - 150*0.67003 = 13.5868 whereat 0.71396 = (N(0.56)+N(0.57))/2 (for approximation purposes..).
I hope that helps..
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Yes I didn`t know the formula about the discount factor and I just multiplied by 1.005 instead of 1.005^(-0.25). That was the problem :) Thank u.
Alex @racheastAutor
Wirtschaftsinformati... · Technische Universit...
Additional Exercises Part 1 - Exercise 4
Why are the saved storage and insurance costs of 0.05 not invested for 4%p.a. too? In the slides FMR_1-2 page 45 the saved storage costs are invested.