MODIFIED DURATION
A formula that measure the price sensitivity of a bond in response to the interest rate movements. To compute, divide the Macaulay Duration by [1+ (YTM/N)]. N is the number of coupon periods each year; YTM is the bond’s yield to maturity.
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Trailer Fee
Fee a mutual fund manager pays to a salesperson for selling the fund to investors. The salesperson provides continuous investment advice and servic ...
Unemployment Compensation Amendment of 1992
Unemployment Compensation Amendment of 1992 is a law in the United States allowing a terminated employee to take employer-sponsored retirement savi ...
Ex Coupon
Bond or preferred stock without the interest payment or dividend when bought or sold, with the knowledge the investor won’t get the next inte ...
Institutional Buyout - IBO
Refers to the act of an institutional investor of acquiring a controlling interest in a company. Normally, the investor in IBO will seek to give ou ...
Oligopoly
Oligopoly happens when a certain market is controlled by small group of firms. It is just much like monopoly, where only one company controls over ...
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SEE FOREX TUTORIAL
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
An Introduction to Forex
The foreign exchange market or forex is the largest financial market in the world. It is where the monetary currencies of countries are traded. Thi ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
Featured Investment: Annuity
Featured Investment: Annuity
Investments are what trading is all about. And knowing about the various a ...
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