Many investors mistakenly base the success of their portfolios on returns alone. Few consider the risk that they took to achieve those returns. Since the 1960s, investors have known how to quantify and measure risk with the variability of returns, but no single measure actually looked at both risk and return together. Today, we have three sets of performance measurement tools to assist us with our portfolio evaluations. The Treynor, Sharpe and Jensen ratios combine risk and return performance into a single value, but each is slightly different. Which one is best for you? Why should you care? Let's find out.
Portfolio performance measures should be a key aspect of the investment decision process. These tools provide the necessary information for investors to assess how effectively their money has been invested (or may be invested). Remember, portfolio returns are only part of the story. Without evaluating risk-adjusted returns, an investor cannot possibly see the whole investment picture, which may inadvertently lead to clouded investment decisions.
Many investors mistakenly base the success of their portfolios on returns alone. Few consider the risk that they took to achieve those returns. Since the 1960s, investors have known how to quantify and measure risk with the variability of returns, but no single measure actually looked at both risk and return together. Today, we have three sets of performance measurement tools to assist us with our portfolio evaluations. The Treynor, Sharpe and Jensen ratios combine risk and return performance into a single value, but each is slightly different. Which one is best for you? Why should you care? Let's find out.
Portfolio performance measures should be a key aspect of the investment decision process. These tools provide the necessary information for investors to assess how effectively their money has been invested (or may be invested). Remember, portfolio returns are only part of the story. Without evaluating risk-adjusted returns, an investor cannot possibly see the whole investment picture, which may inadvertently lead to clouded investment decisions.
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
Markets for buying and selling equity and debt instruments. Capital markets channel savings and investment between suppliers of capital such as retail investors and institutional investors, and users of capital like businesses, government and individuals
Understanding Bill Discounting and Factoring Services: A Comprehensive GuideM1xchange
As a business owner, managing cash flow is a critical part of your day-to-day operations. It can be challenging to maintain a steady stream of working capital, especially when customers take a long time to pay their invoices. That's where bill discounting and factoring services come into play. In this blog, we will discuss these two financial services in detail, including their benefits, differences, and how they can help your business.
Call Money
Notice Money
Definition of Call Money
Definition of Notice Money
FEATURES OF CALL MONEY
CALL MONEY MARKET
REASONS FOR EXISTENCE OF CALL MONEY
IMPACT OF CALL MONEY
Management of Risk in Financial Services; Stock Exchange Operations; Managing...Ashish Hande
Management of Risk in Financial Services; Stock Exchange
Operations; Managing of issue shares and bonds-
Mobilizing of Fixed Deposits Inter-Corporate Loans.
What is Venture Capital?
• Venture capital means funds made available for start-up firms and small businesses with exceptional growth potential.
• Venture capital is long term risk capital to finance high technology projects which involve risk but at the same time has strong potential for growth.
Definition
• The SEBI defined Venture Capital fund in its regulation 1996 as ‘a fund established in the form of a company or trust which raises money through loans, donations, issue of securities or units as the case may be & makes or proposes to make investments in accordance with the regulations’.
Rules by SEBI
VCF are regulated by the SEBI (Venture Capital Fund) Regulations, 1996.
The following are the various provisions:
A venture capital fund may be set up by a company or a trust, after a certificate of registration is granted by SEBI on an application made to it. On receipt of the certificate of registration, it shall be binding on the venture capital fund to abide by the provisions of the SEBI Act, 1992.
A VCF may raise money from any investor, Indian, Non-resident Indian or foreign, provided the money accepted from any investor is not less than Rs 5 lakhs. The VCF shall not issue any document or advertisement inviting offers from the public for subscription of its security or units
SEBI regulations permit investment by venture capital funds in equity or equity related instruments of unlisted companies and also in financially weak and sick industries whose shares are listed or unlisted
At least 80% of the funds should be invested in venture capital companies and no other limits are prescribed.
SEBI Regulations do not provide for any sectoral restrictions for investment except investment in companies engaged in financial services.
ADVANTAGES OF VENTURE CAPITAL
• Provide large sum of equity finance.
• Venture Capitalist are rewarded by business success & the capital gain.
• Able to bring wealth and expertise to your company
• The Venture Capitalist also has a wide network of contacts.
• Providing additional funds.
DISADVANTAGES OF VC
• Lengthy and complex process (needs detailed business plan, financial projections and etc.)
• In the deal negotiation stage, you will have to pay for legal and accounting fees
• Investors become part owners of your business - founder loss of autonomy or control
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
Markets for buying and selling equity and debt instruments. Capital markets channel savings and investment between suppliers of capital such as retail investors and institutional investors, and users of capital like businesses, government and individuals
Understanding Bill Discounting and Factoring Services: A Comprehensive GuideM1xchange
As a business owner, managing cash flow is a critical part of your day-to-day operations. It can be challenging to maintain a steady stream of working capital, especially when customers take a long time to pay their invoices. That's where bill discounting and factoring services come into play. In this blog, we will discuss these two financial services in detail, including their benefits, differences, and how they can help your business.
Call Money
Notice Money
Definition of Call Money
Definition of Notice Money
FEATURES OF CALL MONEY
CALL MONEY MARKET
REASONS FOR EXISTENCE OF CALL MONEY
IMPACT OF CALL MONEY
Management of Risk in Financial Services; Stock Exchange Operations; Managing...Ashish Hande
Management of Risk in Financial Services; Stock Exchange
Operations; Managing of issue shares and bonds-
Mobilizing of Fixed Deposits Inter-Corporate Loans.
What is Venture Capital?
• Venture capital means funds made available for start-up firms and small businesses with exceptional growth potential.
• Venture capital is long term risk capital to finance high technology projects which involve risk but at the same time has strong potential for growth.
Definition
• The SEBI defined Venture Capital fund in its regulation 1996 as ‘a fund established in the form of a company or trust which raises money through loans, donations, issue of securities or units as the case may be & makes or proposes to make investments in accordance with the regulations’.
Rules by SEBI
VCF are regulated by the SEBI (Venture Capital Fund) Regulations, 1996.
The following are the various provisions:
A venture capital fund may be set up by a company or a trust, after a certificate of registration is granted by SEBI on an application made to it. On receipt of the certificate of registration, it shall be binding on the venture capital fund to abide by the provisions of the SEBI Act, 1992.
A VCF may raise money from any investor, Indian, Non-resident Indian or foreign, provided the money accepted from any investor is not less than Rs 5 lakhs. The VCF shall not issue any document or advertisement inviting offers from the public for subscription of its security or units
SEBI regulations permit investment by venture capital funds in equity or equity related instruments of unlisted companies and also in financially weak and sick industries whose shares are listed or unlisted
At least 80% of the funds should be invested in venture capital companies and no other limits are prescribed.
SEBI Regulations do not provide for any sectoral restrictions for investment except investment in companies engaged in financial services.
ADVANTAGES OF VENTURE CAPITAL
• Provide large sum of equity finance.
• Venture Capitalist are rewarded by business success & the capital gain.
• Able to bring wealth and expertise to your company
• The Venture Capitalist also has a wide network of contacts.
• Providing additional funds.
DISADVANTAGES OF VC
• Lengthy and complex process (needs detailed business plan, financial projections and etc.)
• In the deal negotiation stage, you will have to pay for legal and accounting fees
• Investors become part owners of your business - founder loss of autonomy or control
the cost of capital of a company describes the return expected by creditors of funds to companies. It includes the cost of equity, debt, hybrid and WACC
Brief overview of Debentures & Bonds and Term Loans.
A project given to our class group for the subject Corporate Finance. Hope it helps.
Contact for additional information
www.facebook.com/Sahith1
ansahithkrishna@gmail.com
Hey, Do you want to know something about Debt or Equity? Then just one click on Link is given in PPT and you will get import information on it which will help you. So, Do just One Click on Link.....
Nepal Bank Limited Past Questions for level 4Rupesh neupane
Nepal Bank Limited Past Questions for level 4:
this slide include the past questions of Nepal bank limited. this helps to students for preparation of their bank exam.
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
This slide is able to explain main concept of strategic management. And this is also suitable to student as well as others business people to know about some strategies.
women empowerment is a process of giving rights to women. if women are involve in decision making role in tourism is called women empowerment in tourism.
working capital management is a process of managing of current assets and current liability. this slide is able to comparisons about the working capital practices in three different countries.
finance company are the financial institutions. Nepal rastra banks ranks its C class banks. finance company are not allowed to invest in government security in Nepal. and they are not allowed to collect deposit not more than 15% of their core capital. this slide able to explain the actual conditions of finance company and others issues.
co-operatives are financial institutions. there are many cooperatives established in Nepal. this slide explain all the issues and different co operatives in Nepal and their performance.
commercial banks are A class banks in Nepal. Nepal rastra banks regulated all banks in Nepal. commercial banks should uses the Basel ii for capital adequacy calculation and all commercial banks should fallow all the directives which provides by NRB.
business development plan is a detail about business which is going to established in a future. it covers all the mission , vision, objectives, swot analysis and detail financial cost forecasting of business.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Nike Supply Chain
Globalization of Nike
Nike Manufacturing Process
Rubber Materials Nike
Ethylene Vinyl Acetate Nike
Genuine Leather Nike
Synthetic Leather Nike
Cotton in Nike Apparel
Nike Shops Worldwide
Nike Manufacturing Countries
Cold Cement Assembly Nike
3D Printing Nike Shoes
Nike Product Development
Nike Marketing Strategies
Nike Customer Feedback
Nike Distribution Centers
Automation in Nike Manufacturing
Nike Consumer Direct Acceleration
Nike Logistics and Transport
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
2. Content:
Introduction
Features
Types
Merit and Demerit
Use of Long term Debt in Financing Decisions
Use of Preferred Stock in Financing Decisions
Use of Long Term Debt in Financing
Use of Preferred Stock in Financing
Refunding Operation
Refunding Decision Process
Conclusion
3. Introduction
Long-term Debt Preferred Stock
Amount owed for a period exceeding
12 months from the date of the balance
sheet.
It could be in the form of a bank loan,
mortgage bonds, debenture, or other
obligations not due for one year.
A firm must disclose its long-term debt
in its balance sheet with its interest rate
and date of maturity.
It is important sources of financing.
A preferred stock is a class of
ownership in a corporation that has a
higher claim on its assets and earnings
than common stock.
Preferred shares generally have a
dividend that must be paid out before
dividends to common shareholders,
and the shares usually do not carry
voting rights.
It is a long term source of financing.
4. Features
Long term Debt Preferred Stock
Par Value
Coupon Interest rate
Maturity
Repayment Scheme
Tied up of collateral
Call Provision
Trustee
Conversion Features
Sinking Fund
Par value
Fixed Dividend
Maturity
Cumulative Features
Participating Features
Voting Rights
Claims on Asset and Income
Call Features
Conversion Features
Sinking Fund
5. Types and its definition
Long Term Debt
Bonds - A debt investment in which an investor loans money to an entity (typically
corporate or governmental) which borrows the funds for a defined period of time at
a variable or fixed interest rate. (Mortgage bond, Debenture, subordinated
Debenture, Income Bonds, Convertible Bonds, Callable Bonds, Portable Bonds)
Term Loan – A loan obtained from a bank from other financial institution for which
the borrower agrees to make a series of payment consisting of interest and principal
on specific date.
Debenture - A type of debt instrument that is not secured by physical assets or
collateral.
6. Merit and Demerit of Long-Term debt
Financing
Merit Demerit
Less Costly
Tax Saving and Interest Payment
More Flexible
No dilution in control power
No interference in business operation
Benefit of leverage can be entertain
Burden of Repayment
Risk High
Negative reputation on credit rating
Collateral may be required
Limited use of loan
Fixed Maturity
7. Merit and Demerit of Preferred Stock
Financing
Merits Demerits
No dilution in control power
Low risk
No Burden Of Repayment
Benefit of conversion can be taken by
company
No collateral
Difficulty to sale/Issue
No tax saving on interest payment
8. Use of Long term Debt in Financing
Decisions
Sales and earning are relatively stable.
Profit margin are adequate to make leverage advantages.
A rise in profits or the general price level is expected.
The existing debt ratio is relatively low
Profit margins are adequate to make leverage advantages.
Common stock price earning ratio are low in relation to the level of
interest rates.
9. Use of Preferred Stock in Financing
Decisions
If profit margins are adequate, the firm will gain from the additional
leverage provided by preferred stock.
Relative cost of alternative sources of financing are important.
When the use of debt involves excessive risk and issuance of common
stock poses control problem, preferred stock may be a good compromise.
10. Use of Long Term Debt in Financing
Equity Retention
Growth
Stability
11. Use of Preferred Stock in Financing
The corporate investor is attracted to preferred stock as
Flexibility in paying dividends and an infinite maturity (similar to a
perpetual loan) are significant advantages to the corporate issuer.
The after-tax cost of preferred financing is greater than that of long-term
debt financing to the corporate issuer.
12. Refunding Operation
The redemption of securities, typically debt, by raising more funds through
another offering. When a company conducts a refunding operation, it
recalls its existing bonds from the market. In exchange, a new bond issue is
sold.
The new issue is almost always issued at a lower rate of interest than the
refunded issue, ensuring significant reduction in interest expense for the
issuer.
13. Refunding Decision Process
Calculate the NPV of the refunding
Calculate the annual after tax Interest Saving
Calculate the Differential Annual tax saving on Flotation Cost
Calculate the initial outlay
14. Conclusion
A company issues different types of securities to raise capital because
different investors have different risk-return preferences.
When market interest rate decrease significantly, company can redeem
existing debt by issuing new debt.