Across
- 1. is a loan that the bond purchaser, or bondholder, makes to the bond issuer.
- 4. is a type of probability distribution where all outcomes have an equal chance of
- 6. This is the total return anticipated on a bond if it is held until its maturity.
- 9. This is the periodic interest rate paid to the purchasers by the issuers on the bond's face value.
- 10. the potential for future returns to vary from the expected returns
- 11. This duration figure indicates the percentage change in the bond’s value given an X% interest rate change.
- 12. Who introduced Altman Z score
- 13. Z Score has been widely used all over the world to calculate the probabilities of default of their lending portfolios.
- 14. Accuracy percentage of Altman- Z score.
- 15. Also called par value, it is the price that the bond issuer pays at the time of the bond’s maturity
Down
- 2. type of risk that summarises the uncertainties and hazards a company faces when it attempts to do its day-to-day business activities within a given field or industry.
- 3. measures the curvature in the relationship of bond price and yield.
- 5. THIS duration is the weighted average maturity of the cash flows from a bond.
- 6. Interest on bond / market price of the bond) x 100
- 7. number of finanical ratios used in Altman Z-score.
- 8. The most common and most easily understood risk associated with bonds