Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 1R1 = 2.54%, E(2r1) = 3.80%, E(3r1) = 4.30%, E(4r1) = 5.80% Using the unbiased expectations theory, calculate the current (longterm) rates for 1-, 2-, 3-, and 4-year-maturity Treasury securities. Plot the resulting yield curve.
In: Finance
Pure Expectations Theory
The yield on 1-year Treasury securities is 6%, 2-year securities yield 6.2%, 3-year securities yield 6.3%, and 4-year securities yield 6.5%. There is no maturity risk premium. Using expectations theory and geometric averages, forecast the yields on the following securities:
a. 1 year security, 1 year from now
b. 1 year security, 2 years from now
c. 2 year security, 1 year from now
d. A 3 year security , 1 year from now
In: Finance
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Consider a monthly return data on 20-year Treasury Bonds from 2006–2010. |
| Year | Month | Return | Year | Month | Return |
| 2006 | Jan | 5.39 | 2008 | Jul | 4.94 |
| 2006 | Feb | 4.83 | 2008 | Aug | 3.90 |
| 2006 | Mar | 5.41 | 2008 | Sep | 4.72 |
| 2006 | Apr | 4.64 | 2008 | Oct | 4.58 |
| 2006 | May | 4.05 | 2008 | Nov | 4.83 |
| 2006 | Jun | 3.41 | 2008 | Dec | 4.17 |
| 2006 | Jul | 3.92 | 2009 | Jan | 4.68 |
| 2006 | Aug | 3.46 | 2009 | Feb | 4.35 |
| 2006 | Sep | 5.06 | 2009 | Mar | 4.10 |
| 2006 | Oct | 5.44 | 2009 | Apr | 4.98 |
| 2006 | Nov | 4.96 | 2009 | May | 5.22 |
| 2006 | Dec | 4.17 | 2009 | Jun | 4.79 |
| 2007 | Jan | 3.48 | 2009 | Jul | 5.00 |
| 2007 | Feb | 4.70 | 2009 | Aug | 3.58 |
| 2007 | Mar | 4.38 | 2009 | Sep | 4.34 |
| 2007 | Apr | 3.82 | 2009 | Oct | 3.15 |
| 2007 | May | 4.19 | 2009 | Nov | 5.48 |
| 2007 | Jun | 4.35 | 2009 | Dec | 4.28 |
| 2007 | Jul | 3.83 | 2010 | Jan | 4.35 |
| 2007 | Aug | 5.42 | 2010 | Feb | 3.24 |
| 2007 | Sep | 3.29 | 2010 | Mar | 3.27 |
| 2007 | Oct | 4.00 | 2010 | Apr | 4.72 |
| 2007 | Nov | 3.42 | 2010 | May | 5.00 |
| 2007 | Dec | 3.24 | 2010 | Jun | 4.82 |
| 2008 | Jan | 5.21 | 2010 | Jul | 3.59 |
| 2008 | Feb | 4.84 | 2010 | Aug | 4.52 |
| 2008 | Mar | 4.59 | 2010 | Sep | 4.44 |
| 2008 | Apr | 3.82 | 2010 | Oct | 4.59 |
| 2008 | May | 3.61 | 2010 | Nov | 4.62 |
| 2008 | Jun | 4.34 | 2010 | Dec | 3.74 |
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Estimate a linear trend model with seasonal dummy variables to make forecasts for the first three months of 2011. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) |
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Year |
Month |
y-forecast |
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2011 |
Jan |
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2011 |
Feb |
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2011 |
Mar |
|
In: Math
Given a 14 percent interest rate, compute the present value of deposits made in in the amount of $1,000 in year 1, $1,385 in year 2, $1,270 in year 3, and $1,450 in year 4.
In: Finance
Year 1 Year 2
Quantity Price Quantity Price
Oranges 100 $5 150 $5
Pears 100 $3 75 $4
a. What is the growth rate of constant-dollar real GDP using year 1 as the base year?
b. What is the growth rate of constant-dollar real GDP using year 2 as the base year?
In: Economics
KP Inc. is negotiating a 10-year lease for three floors of space in a commercial office building. KP can’t use the space unless a security system is installed. The cost of the system is $50,000, and it will qualify as seven-year recovery property under MACRS. The building’s owner has offered KP a choice. The owner will pay for the installation of the security system and charge $79,000 annual rent. Alternatively, KP can pay for the installation of the security system, and the owner will charge only $72,000 annual rent. Assuming that KP has a 35 percent marginal tax rate, cannot make a Section 179 election to expense the $50,000 cost, and uses a 9 percent discount rate to compute NPV, which alternative should it choose?
In: Economics
You are an RN and work in a community mental health clinic in Sydney. The clinic you work in primarily specialises in adolescent mental health and receives many referrals from the justice system of mentally ill, troubled ordisordered minors who have gotten in trouble with the law. As part of their court orders they are usually required to undergo professional treatment and counselling.You are part of the multidisciplinary team which delivers this care. As part of the multi-disciplinary team, you work along side a social worker, Justin. Justin’s primary role within the health clinic is to work with teenagers who do not have a diagnosed psychiatric disorder but who come from troubled backgrounds, usually involving trauma, family breakdown and abuse. Justin’s role is to develop strategies of re-integrating individual troubled youths back into their own social networks, schools and employment while establishing support networks, behaviour management strategies and education and career prospects. Justin is widely known for his skill in this field, has been the recipient of many awards and scholarships in his field, is highly regarded in the justice system and has demonstrated positive outcomes where other specialists have been unable to. He is often referred overly complex cases due to his skill in this area. At many work social functions you have gotten to know Justin’s wife Sarah. Sarah is a linguist who teaches languages in private tuition, though mostly she is a stay at home mum. You have developed a nice friendship with Sarah though she always remains reserved. At the work Christmas party, you see that Sarah has arrived, so you start talking to her. Sarah confides in you that wants to separate from Justin but she is scared to as he is aggressive and violent, and she is afraid of the damage it will do to their two children – a six-year-old and a ten-year-old. Sarah tells you that Justin often hits the boys when he is angry, particularly the ten-year-old who Justin has recently punched in the face. You mention to Sarah how concerned you are for her safety and suggest that she go to the police for support. Sarah tells you that she cannot go to the police, because if Justin’s abuse is reported he will no longer be able to work with children and young people, he will lose his credibility with the justice system and he will most likely lose his job. She is relying on Justin’s job to provide child support money so that she can afford to look after the children when she leaves him. If Justin loses his income, then Sarah won’t be able to afford to separate from him and she and her children will be required to stay with him. Sarah begs you not to tell anyone, and says that she has told you this in confidence. Sarah tells you she doesn’t want anyone else to find out, as she doesn’t want the information to get back to Justin and for him to find out that she is planning on leaving him until she knows she can leave safely without fear of being hit. The next time you see Sarah is later that week at the supermarket. She has bruising to her throat and neck which she is trying to hide with a scarf, and their ten-year-old child has bruising to his nose and around his eye.
Q1: Which ethical principles are challenged in this case study and how?
Q2: Identify the legal issues raised.
Q3: Consider the application of mandatory reporting to this case study, and how it may or may not be relevant.
Q4: Considering at least 2 different ethical theories, outline some possible actions the nurse may take in responding to this situation.
Q5: What will you do?
In: Nursing
You are an RN and work in a community mental health clinic in Sydney. The clinic you work in primarily specialises in adolescent mental health and receives many referrals from the justice system of mentally ill, troubled or disordered minors who have gotten in trouble with the law. As part of their court orders they are usually required to undergo professional treatment and counselling. You are part of the multidisciplinary team which delivers this care.
As part of the multi-disciplinary team, you work alongside a social worker, Justin. Justin’s primary role within the health clinic is to work with teenagers who do not have a diagnosed psychiatric disorder but who come from troubled backgrounds, usually involving trauma, family breakdown and abuse. Justin’s role is to develop strategies of re-integrating individual troubled youths back into their own social networks, schools and employment while establishing support networks, behaviour management strategies and education and career prospects. Justin is widely known for his skill in this field, has been the recipient of many awards and scholarships in his field, is highly regarded in the justice system and has demonstrated positive outcomes where other specialists have been unable to. He is often referred overly complex cases due to his skill in this area.
At many works social functions you have gotten to know Justin’s wife Sarah. Sarah is a linguist who teaches languages in private tuition, though mostly she is a stay at home mum. You have developed a nice friendship with Sarah though she always remains reserved. At the work Christmas party, you see that Sarah has arrived, so you start talking to her. Sarah confides in you that wants to separate from Justin, but she is scared to as he is aggressive and violent, and she is afraid of the damage it will do to their two children – a six-year-old and a ten-year-old. Sarah tells you that Justin often hits the boys when he is angry, particularly the ten-year-old who Justin has recently punched in the face.
You mention to Sarah how concerned you are for her safety and suggest that she go to the police for support. Sarah tells you that she cannot go to the police, because if Justin’s abuse is reported he will no longer be able to work with children and young people, he will lose his credibility with the justice system and he will most likely lose his job. She is relying on Justin’s job to provide child support money so that she can afford to look after the children when she leaves him. If Justin loses his income, then Sarah won’t be able to afford to separate from him and she and her children will be required to stay with him. Sarah begs you not to tell anyone, and says that she has told you this in confidence. Sarah tells you she doesn’t want anyone else to find out, as she doesn’t want the information to get back to Justin and for him to find out that she is planning on leaving him until she knows she can leave safely without fear of being hit.
The next time you see Sarah is later that week at the supermarket. She has bruising to her throat and neck which she is trying to hide with a scarf, and their ten-year-old child has bruising to his nose and around his eye.
Q1: Which ethical principles are challenged in this case study and how?
Q2: Identify the legal issues raised.
Q3: Consider the application of mandatory reporting to this case study, and how it may or may not be relevant.
Q4: Considering at least 2 different ethical theories, outline some possible actions the nurse may take in responding to this situation.
Q5: What will you do?
In: Nursing
In C++
All guests in ABC Hotel are either Elite members (meaning they get a free breakfast) or Standard members (meaning they do not get a free breakfast). They collect points for every stay-Elite members earn 100 points for every day stayed in the hotel (so 2 days would be 200 points) and Standard member earns 50 points for every stay (so 3 days would be 140 points). Once 1000 points are reached, guests get a free stay. Guest details are kept in a file:
Sample input file1: Augustus, E-300,200, eggs//customer name, Membership level (E means elite), item ordered, ID number, points, breakfast choice
Sample input file2: Cyrus, S-100,30,x//customer name, Membership level(S means standard), item ordered, ID number, points, breakfast choice
1.The program should read in the number of points to get a free stay (1000) from the command line. It should continuously read in files of guests until the exit is entered (meaning the user can keep typing in file names-note that you can type in the same file name to open a previous guest).
2.Every time a file is opened, the program should ask how many days the guest is staying and award the appropriate number of points based on the membership level. The new point total should be saved in the file. If they are an elite member, they have the chance to change their breakfast choice.
3.When exiting, a file should be output with the number of guests that got a free stay (meaning their total points were 1000 or greater)
Sample output file:
Augustus had a free stay.
Jane had a free stay.
4.You should make a Hotel class and an abstract Person class. You should also make additional classes as necessary.
In: Computer Science
A) This post is designed to have us find out how secondary sources differ from primary sources when reporting research information. So, for this post, search the internet for a topic that you would have some interest in researching (e.g., dementia, online course success, vaccines and autism). Specifically, find an article from a secondary source (e.g., CNN, Huffington Post, Bob's Psychology Page) and report the following information:
1. Describe what is being reported. Give a brief description of the source. Include the linkto the article.
2. Based on how our chapter explains research and research methodology, describe 2 ways in which your article's reporting of this topic differs from primary research. In other words, is s/he not reporting information that is typically included in primary research? If so, what? (Hint: This is always the case - secondary sources do not report the amount of detail that primary sources do).
3. On a personal note, what do you think of the author's reporting? How would you rate its clarity and comprehensiveness?
B) One of the important goals of this chapter (as well as this course) is to understand the characteristics of a reputable source. This post helps with this goal. For this post, I would like you to find a psychology-related journal article that conducted an experiment. After you find an article, you should read the Abstract (the small paragraph at the start of the article) and the Method (should be a couple pages into the article) sections (if your article does not contain these sections, find another one that does!) and then answer the following questions:
.1. What was the dependent variable(s)?
2. What was the independent variable(s)?
3. How did the researchers define the variable(s) they are measuring?
4. How was the variable(s) measured?
5. What were the limitations of the methodology (or the study)?
6. What would you do differently? What did you think of the author's attempt to measure the variable in question?
7. Remember to upload the article to your post.
In: Psychology