This study investigates the effectiveness of a newly developed personal financial management course at Indiana State University. Analysis of pre- and post-test data suggests that students enrolled in the course score higher on knowledge exams and exhibit more desirable financial behaviors at the...

Purpose – The purpose of this paper is to add to the literature on the impact of the Morningstar ratings by examining the impact of individual stock ratings in the Hare and Tortoise portfolios. Design/methodology/approach – This study uses an event study approach, where the effect of the...

We compare three alternative models for valuing fixed-rate preferred stocks: the perpetuity model and two models derived from option pricing theory. The parameters necessary to use these models were first approximated using estimation samples of new-issue and seasoned preferred stocks, and...

This study examines the assumable loan value in creative financing. It is shown that, even in perfect markets and with an identical risk assigned to first and secondary mortgages on the same house, the assumable loan value as determined by the cash equivalence method is overstated. The impact of...