Finance

There are many funds such as Islamic funds, mutual funds, and several others. It is important to compare them because they have different returns and different characteristics. There are many funds and information on them is readily available online. When it comes to mutual funds, choosing is a daunting task. To make the selection process easy, use a Compare Funds tool. All you have to do is enter the symbols of the funds you would like to compare and the tool will offer comparisons of each funds...

Commercial banks Commercial banks act as the most fundamental source of funding for individuals and companies. Millions of individuals deposit money into their savings accounts and fixed deposits, which are lent to organizations or individuals in need of funds. Stock Markets Either through the primary markets or secondary markets, savings are infused into companies in the form of debt or equity. This is a huge avenue for channelizing savings all over the world. Mutual Funds Fund management organizations...

A lease is a term that is used in reference to a contract in which the lessee who is the user pays the lessor who is the owner for the use of an asset. This can easily be understood with the example of a rental agreement which is a mode of a lease that has an asset which is tangible. The lessor is the owner of an asset that he is not using. The lessee as with the case of leasing needs the asset owned by the lessor. A lease is the agreement that exists between the two binding the contract that exists...

B16. (Interest-rate risk) Philadelphia Electric has many bonds trading on the New York Stock Exchange. Suppose PhilEls bonds have identical coupon rates of 9.125 but that one issue matures in 1 year, one in 7 years, and the third in 15 years. Assume that a coupon payment was made yesterday. If the yield to maturity for all three bonds is 8, what is the fair price of each bond PARVALUE1000INSTALLMENTS 1000x 0.0913 91.31 year7 years15 yearsINSTALLMENTS 91.391.391.3YTM 0.080.080.08PV84.46475.34781.48PV...

The most fundamental factors that affect the cost of money or the interest rates in an economy. The cost of money primarily is affected by four factors (i) Production opportunities which implies that the greater the cash generating ability of the asset is, the more will be investors willingness to acquire it. (ii) Time preference means how much is the willingness to let go current consumption for future, the greater is the preference for current consumption, the greater will be the interest rate...

Question 1 part 1 The year-to-year percentage annual growth in net sales is given in the following table. 20042005200620072008projected 2009Net sales11,062 11,933 9,181 6,141 8,334 9,167.4Change0.07874 (0.23062)(0.33112)0.35711 0.10  Change7.87 (23.06)(33.11)35.71 10 Explanation  change  (New figure- old figure)  (old figure)  100 For e.g. (11,933-11,062)11,062 0.7874 x 100 7.87 Question 1- Part 2 The projected net sales figure for the Financial Year (FY) 2009 is calculated...

The growth of Islamic insurance companies or takaful companies have gained academic interest especially as it relates to corporate governance. In light of the scandals and crises that global financial corporations and institutions have faced, there has been renewed pressure on governments to control and regulate actions and behaviour of corporations and their executives to prevent them from committing bribery, fraud, and dishonest conduct. Consequently, this has highlighted the study of non-conventional...

Empirically, the claim is far from the truth, for the rules and principles governing Islamic banking and finance are principles in the Holy Quran (The Muslims Holy Book) which are holy laws that must not be compromised. Since the laws are peculiar, there are several regulating bodies that ensures that the Islamic system are run in accordance to all its principles, hence in the process scrutinizing all transactions, money launderers are highly liable to discovery. Professor Mahmoud El-Gamal, an economics...