31 research outputs found
Testing the Stability of Beta Over Market Phases: An Empirical Study in the Indian Context
Window dressing by institutional investors on the Johannesburg Stock Exchange: an empirical analysis
Rates of Return on GNMA Securities: The Cost of Mortgage Funds
This paper examines rates of return earned on GNMA securities over the period January 1971 through June 1978. We find that over this period the mean monthly return on GNMAs was greater than the mean return on long-term government bonds and slightly greater than the mean return on high-grade corporate bonds. However, in neither case was the difference statistically significant. Thus, based on this evidence, it is not possible to conclude that the cost of acquiring funds to finance single-family housing purchases through the GNMA program exceeded the cost of acquiring funds by the U.S. treasury or financially-strong corporations. Copyright American Real Estate and Urban Economics Association.