C/F/143. Using Excel to calculate annuities, bond valuations and analyze a sample of data

This report develops some basic Excel applications including annuity and fixed income products. A sample of data is also analyzed using Excel to calculate simple descriptive statistics and carry out hypothesis testing.

P/F/353. Choice of law on loans and bonds

The paper addresses the issue of fund raising at the Dragon International Plc (DIP) that is currently facing financial difficulties. Laws governing loans and bonds are discussed; the international nature of syndicated loans and bonds is argued.

C/F/93. International Portfolio Diversification and Eurobonds definition

The paper is a brief explanation of two important area of modern finance theory – Eurobonds and Portfolio theory. The first part is about Portfolio diversification. Here you can find the most fundamental information about equity and bond markets and main indicators that are used to assess the movement of them. It includes a simple example of a foreign market beta with explanation of benefits it creates. We also discuss whether the emerging market outperforms developed market as a tool of international diversification and compare international diversification with direct investments. The paragraph contains some information about ADRs. It also contains two numerical examples picturing our ability to implement all the knowledge presented above. The second paragraph is mostly about bonds, particular about Eurobonds, Eurocurrency and Foreign bonds. We describe the main features and tools of the bonds and also explain how it works in practice. Two simple but important examples are available here. This paper is an ideal tool for exam preparation.

C/F/76. The new bond issue valuation

This paper is devoted to the analysis of the new bond issue. The borrower has a history in the bond markets so that the main approach employed is the comparable approach. It is shown that if risk profiles of the bonds do not differ substantially then pricing characteristics of the existing bonds can be used to evaluate the new issue. The author thoroughly describes all kinds of risk that can be encountered by the bondholder. Macroeconomic and market risks are found to be similar for the issues with identical properties. The main source of risk in this case is the increased gearing of the company which can influence the credit rating granted by the credit agencies. However, if the company has low gearing, as in the case analyzed in the paper, it can be appropriate to use yield to maturity of the existing bond to estimate the required yield for the new bond. This paper will be useful for those researchers who wish to familiarize themselves with bond risks and simple strategies to evaluate non-callable bonds.

Y/F/11. Dissertation + Project Proposal. The market of European Securities and Emergence of Eurobonds in Russia

The prime aim of this dissertation is to investigate the market of European securities, its history, current and future trends. Its focus is on the dynamics of the market of Eurobonds, as well as the process of issuing and trading of Eurobonds. However, the main theme for concentration is going to be the history of emergence of federal and municipal Eurobonds in Russia. The observed trends and future perspectives. Finally, it investigates the conditions of the Russian external debt and gives recommendations to the Russian government. A wide range of methods and techniques have been used to achieve the objectives of the project. The most important sources of information were Internet - the only efficient way to access the Russian Ministry of Finance, newspapers and professional journals (Market of Securities) that gave up to date and relevant information. Background reading provided necessary theoretical and analytical framework for strategic analysis.
(The dissertation and proposal can be purchased separately from each other, please contact us)

P/F/83. What is meant by the terms equities and bonds? What influences the price of these financial assets?

P/F/87. Discuss the use of debt financing by United States Corporations. Differentiate between short and long term-debt. What is the role and importance of agencies such as Moody's? Include junk bonds in your analysis. (Case of GoodYear Tire & Rubber Company)