Term
| Actuarially Fair Insurance Premium |
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Definition
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Term
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Definition
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Term
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Definition
| = -Premium (1-TC) + Premium (1-TC2) |
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Term
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Definition
-Cost + [spread(D*)] / (1 - rL) = 0
if D* > max loss, no deductible |
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Term
| Duration of a single security |
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Definition
Σ t * [PMTt / (1+y)t]
PBond
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Term
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Definition
| DA+B = DA(A/A+B) + DB(B/A+B) |
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Term
| Amount to exchange to change duration |
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Definition
= Δ portfolio duration * portfolio value
Δ asset duration |
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Term
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Definition
| DE = DA(A/A-L) - DL(L/A-L) |
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Term
| To calculate price change in equity vs int rates |
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Definition
| ΔP / P = -DE (Δy / (1+y)) |
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Term
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Definition
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Term
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Definition
FT = E(PT) * (1+rf)t/(1+rp)t
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Term
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Definition
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Term
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Definition
| X / NT < (PT/PA)(1 + S/T) |
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Term
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Definition
| FCF = NI + Depr - CapEx - ΔNWC |
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Definition
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