Finance

Money has time value associated with it. This time value principle implies that a dollar received today worth more than a dollar to be received tomorrow (or in future). The future and the present value of money are based on the time (number of periods) involved and the implicit interest rate. Problem a You are saving for retirement. To live comfortably, you decide you will need to save 2 million by the time you are 65. Today is your 30th birthday, and you decide, starting today and continuing...

Under pricing phenomena has been adopted and criticized globally since past few decades. The ratio of under pricing is comparatively higher in developing countries that have gained investors attention in recent times. Hong Kongs IPO market also posits interesting facts regarding under pricing procedures and their impact on initial returns for issuers as well as investors. Among various factors that affect pricing of IPOs, rate of subscription and asset-backing ratio are among the most influenced...