So we had our first finance class today where we covered the idea of TVM, PV, FV, NPV and discounting. This is the foundation of all finance concepts and, as our Professor Kent Womack described, aims to answer the question of: "How much is this worth?"
Our class is mildly disadvantaged because of this week because of the GBC Leadership conference happening on Friday which has compressed the week such that we have a finance assignment due less than 24 hours between classes. There are also group presentations every day on market updates and I feel bad for the group that has to present tomorrow: they have less than 24 hours to do their homework (allocated 2-3 hours) plus their presentation (also allocated another 2-3ish hours). It would be nice if they could eat, sleep and (more importantly) do work for other courses.
Our homework assignment is related to bond pricing and although a "different" concept for many people, it is still fairly heavily quant, requires Excel or a financial calculator and our tutorial session will be after the assignment is due, therefore a few of us will be sticking around after classes in the evening so that we can bounce ideas off each other to make sure our numbers add up the way they are supposed to.
Optimizing After-Tax Returns on Options
1 year ago
3 comments:
Bond pricing?
Piece of cake!
All praise Excel, the doer of math I can not do in my head.
Didn't you feel bad for the group that had to prepare their presentation during exams last week too?? And we weren't allowed to complain about it to anyone because it was supposed to be a surprise!
Haha... I felt a little bad for the group that had to prepare during exams.
And I'm not sure why it was supposed to be a "surprise", although it was certainly very enjoyable :)
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