Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
Equation of exchanges
Chapter 2 page 37 |
MV=PY
M=Quantity of money V=Velocity of money P=Price level Y=Real GDP |
|
Velocity equation
Chapter 2 Page 37 |
V=PY/M
|
|
Future value equation
Chapter 3 page 54 |
Principal X (1+i)^n=FV
|
|
Present value equation
Chapter 3 page 56 |
PV=FV/(1+i)^n
|
|
Rate of return equation
chapter 3 page 72 |
R=coupon + capital gain/purchase price.
|
|
Perpetuities
Page 65 |
P=C/I
C=Coupon P=Principal I= Interest |
|
Initial price
|
Initial price=coupon/current yield
|
|
Nominal interest rate
|
YTM=Face value-price/price
|
|
Discount bond yield to maturity
Page 64 |
I=FV-P/P
|