Videos uploaded by user “Elinda Kiss”
Levering Beta and Hamada's Equation
Using Hamada's Equation to lever and Unlever Beta to use in computing cost of equity in CAPM to compute the cost of capital; this is especially important if you have an industry beta but the firm or project will use a different debt-equity ratio than that of the industry
Views: 4302 Elinda Kiss
Risk and  Return - calculation of Realized Return
calculation of the realized return on a stock compound realized return historical returns dividend yield capital gains yield
Views: 3273 Elinda Kiss
Capital Budgeting   MACRS Depreciation
using the MACRS method to calculate depreciation; how does that change the free cash flows and NPV vs. using the Straight Line method of depreciation
Views: 3277 Elinda Kiss
Bonds  Calculate Coupon Rate
how to calculate coupon rate on a bond examples using excel and financial calculator
Views: 20046 Elinda Kiss
Bonds Default Risk and Credit Ratings
Bond default risk; bond credit ratings; determinants of credit ratings; yield spreads of corporate and municipal bonds over Treasuries
Views: 1854 Elinda Kiss
Cost of Capital  Firm's Cost of Debt and Equity Capital
calculation of cost of debt (after taxes), cost of common equity and using them in the WACC equation
Views: 993 Elinda Kiss
Capital Budgeting   Relevant Cash Flows
what are the cash flows that are relevant to the capital budgeting decision?
Views: 1073 Elinda Kiss
Future Value of an Annuity -- calculation in excel
Future Value of an Annuity -- calculation in excel Future Value of an Ordinary Annuity
Views: 1106 Elinda Kiss
Risk and Return intro
introduction to the topic of Risk and Return
Views: 337 Elinda Kiss
Capital Budgeting   Analyzing Project Cash Flows
what are the relevant cash flows for a project? what are the operating cash flows What are the free cash flows? How do you treat end of project life cash flows?
Views: 2180 Elinda Kiss
Interest Rate   Determinants  Thursday  August 06  2015 at 11 04 12 PM default 4360c321
what are the determinants of interest rates? What influences interest rate levels?
Views: 1508 Elinda Kiss
Capital Budgeting Sensitivity Analysis and Real Options in Capital Budgeting
Sensitivity analysis measures the effect of changes in one variable on the project’s NPV.
Views: 889 Elinda Kiss
Risk and Return - Standard Deviation and Variance
calculation of Standard Deviation and Variance by hand and by using functions in Excel; distinction of standard deviation of a sample and standard deviation of a population
Views: 1276 Elinda Kiss
TVM Nper Number of Period calculation in Time Value of Money
Time Value of Money; calculation of Number of Periods
Views: 428 Elinda Kiss
Bonds - YTM and YTC - calculation of Yield to Maturity and Yield to Call
how to calculate Yield to Maturity of a Coupon paying bond How to calculate Yield to Call of a Coupon paying bond that is callable
Views: 4086 Elinda Kiss
Correlation between two or more stocks
Correlation between two or more stocks
Views: 326 Elinda Kiss
Capital Budgeting   Project NPV and Inflation
Calculation of the NPV of a proposed project How do project cash flows change if there is inflation? What is the impact of inflation on project NPV?
Views: 10375 Elinda Kiss
Bank Balance Sheet Friday  March 11
Bank Balance Sheet cash securities loans deposits borrowing Fed Funds Purchased Fed Funds Sold
Views: 45 Elinda Kiss
Cost of Capital   Project Based Cost of Capital
we have calculated cost of capital for a firm, but we need to also calculate the cost of capital for a project if the project is in a new line of business which is different from the industry in which the firm had been operating
Views: 200 Elinda Kiss
Duration Gap calculation sample problem
calculation of a bank's duration gap with more than one asset and more than one liability. calculation of duration of the assets of a bank. calculation of the duration of the liabilities. impact of a relative change in interest rates on the market value of the equity.
Views: 6667 Elinda Kiss
Capital Budgeting What if Sell Asset Before the Asset is Fully Depreciated
if sell an asset before it is fully depreciated, how does that affect project's end of life cash flows and free cash flows?
Views: 417 Elinda Kiss
Zero Coupon Bond
valuation of a zero coupon bond
Views: 772 Elinda Kiss
Risk and Return - Prediction Interval with Normal Distribution
determining the prediction interval for a return calculation when the returns are normally distributed
Views: 406 Elinda Kiss
Risk and Return - Independent Risk vs. Common Systematic  Risk
contrasting independent risk and common (Systematic) risk firm specific risk vs. risk that affect all stock in the market
Views: 373 Elinda Kiss
Deposit Insurance Intro
Deposit Insurance BMGT445 BUFN772 Robert H Smith School of Business Risk-based deposit insurance FDIC
Views: 19 Elinda Kiss
Capital Budgeting   Free Cash Flow and Net Working Capital
how do we calculate free cash flow what are operating cash flows how is net working capital treated in the capital budgeting analysis? what is net working capital?
Views: 1895 Elinda Kiss
Bonds   Interest Rate Risk; sample problems valuing bonds of different durations
Price risk is the concern that rising yield (interest rate) will cause the value of a bond to fall. The longer duration bond (longer maturity and lower coupon rate) will have more price risk than the shorter duration bond. Reinvestment rate risk is the concern that yield will fall, and future CFs will have to be reinvested at lower rates.
Views: 798 Elinda Kiss
Interest Rates   Daily Compounding of Interest
when compound interest more frequently than once a year, the future value is higher; look at the effect of compounding interest daily
Views: 725 Elinda Kiss
Capital Budgeting   Straight Line Depreciation Friday  March 18  2016 at 2 53 33 AM default 52cbd833
Capital Budgeting, using straight line depreciation to compute NPV and IRR
Views: 1389 Elinda Kiss
Cost of Capital  WACC in Practice
WACCs for real companies Enterprise value Market Risk Premium
Views: 284 Elinda Kiss
Risk and Return  - Diversification; can diversify away firm-specific risk
when combine stocks in a portfolio, can diversify away the unique firm specific risk and be left with systematic, common market risk
Views: 374 Elinda Kiss
Bank regulations
Bank regulations and Bank regulators
Views: 74 Elinda Kiss
Market Risk and the Market Portfolio
Market risk and the Market Portfolio BMGT345
Views: 254 Elinda Kiss
TVM Annuities Perpetuities
Time Value of Money Annuities Perpetuities
Views: 244 Elinda Kiss
Systematic Risk Portfolio Return Beta CAPM
Systematic Risk, Portfolio Return, Beta, CAPM, portfolio weights, index funds, VFINX, portfolio beta
Views: 112 Elinda Kiss
Diversification Model Allocation Portfolios Risk and Return Risk Tolerance
Views: 148 Elinda Kiss
TVM PV of Uneven Cash Flows
Present Value of Stream of Uneven Cash Flows NPV function PV BMGT345
Views: 28 Elinda Kiss
Intro to risks Banks face
Risks, banks, financial institutions, interest rate risk, refinancing risk, reinvestment risk, market risk, credit risk, technology risk, operational risk, , off-balance sheet risk, sovereign risk, liquidity risk, insolvency risk, risk of changing regula
Views: 33 Elinda Kiss
Interest Rates   After Taxes
Municipal bond; return after taxes; tax exempt bond
Views: 856 Elinda Kiss
Capital Budgeting  Discounted Cash Flow Analysis
Discounted Free Cash Flow model connection to capital budgeting Free cash flow is the sum of the free cash flows from the firm’s current and future investments, so enterprise value is the sum of the present value of existing projects and the NPV of future new ones. NPV of any investment represents its contribution to the firm’s enterprise value.
Views: 549 Elinda Kiss
Interest Rates   Yield Curve
Interest Rates; Yield Curve; Wall Street Journal Markets Data Bond Rates page
Views: 577 Elinda Kiss
TVM Intro to Professor Kiss and EMBA758i
introduction to EMBA 758i Corporate Finance, Professor Kiss and other finance professors in the Online EMBA program at University of Maryland, Robert H Smith School of Business
Views: 48 Elinda Kiss
Duration definition calculation Sunday  February 21  2016 at 3 28 57 PM default eafa112c
Duration Duration Definition Duration Calculation Modified Duration
Views: 67 Elinda Kiss
Capital Budgeting Intro
introduction to the topic Capital Budgeting
Views: 318 Elinda Kiss
Interest Rates   Loan Amortization
how calculate payment on amortizing loan; how calculate amount of principal to be paid still; how calculate interest portion of loan
Views: 307 Elinda Kiss
Time Value of Money Terminology Excel Functions Thursday  August 06  2015 at 4 20 00 PM default ef2e
calculation of Present Value, Future Value, Number of Periods, Payment, Rate, and Net Present Value on a Series of Cash flows, using excel
Views: 391 Elinda Kiss
Present Value  of single payment and of an annuity calculation in excel
present value of a single future payment and present value of an ordinary annuity calculation in excel
Views: 165 Elinda Kiss
Interest Rates  Intro
Introduction to Interest Rates Yield Curve
Views: 264 Elinda Kiss
Bonds intro
key features of bonds bond terminology A bond is A long-term debt instrument in which a borrower agrees to make payments of principal and interest, on specific dates, to the holders of the bond.
Views: 267 Elinda Kiss
Basel III Tuesday  January 26  2016 at 6 20 37 PM default 53dd8d26
Basel III leverage ratio capital ratio counter cyclical buffer liquidity coverage ratio
Views: 266 Elinda Kiss