Chapter-1 INTRODUCTION 1.1 General : A mutual fund is just the connecting bridge or a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the gathered money into specific securities (stocks or bonds). When you invest in a mutual fund‚ you are buying units or portions of the mutual fund and thus on investing becomes a shareholder or unit holder
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EXECUTIVE SUMMARY ULIP v/s MUTUAL FUNDS “What is the difference between a ULIP and a Mutual Fund?” The reason‚ perhaps for the wide extent of confusion‚ lies largely in the way ULIPs have been sold by agents. As just another mutual fund. They are not a mutual fund‚ even though in some ways their structure is quite similar. In the sense‚ they too invest in the equity and debt markets. The risk lies on the investor. They issue units and reveal the net asset value of these units. That is where
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Meaning Of Amalgamation When two or more companies carrying on similar business go into liquidation and a new company is formed to take over their business‚ it is called amalgamation. In other words‚ amalgamation refers to the formation of a new company by taking over the business of two or more existing companies doing similar type of business. In amalgamation‚ two or more companies are liquidated and a new company is formed to take over the business of liquidating companies. The companies which
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Michelle Seefeld Managerial Finance Learning Session 1 Written Assignment Chapter 1 Discussion Question 6 What document is necessary to form a corporation? A corporation is formed through articles of incorporation‚ which specify the rights and limitations of the entity (Block‚ Hirt‚ & Danielson‚ 2011). Web Exercise (pp. 22-23) In summary‚ the credo for Johnson & Johnson challenges the company to put the needs and well-being of the customers first. The former chairman for the company
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mini-computers for hospitals. The end result of Stewart’s overall strategy was that sales and profits rose‚ and Primark’s stock price increased sharply between 1981 and 1985. Encouraged by gains‚ Stewart pursued more acquisitions‚ beginning with the 1985 buyout of The Aviation Group‚ a company that provided pilots and maintenance personnel to package air carriers like United Parcel Service‚ Emery Air Freight‚ and Purolator Courier. Other major buys included Telerent‚ which leased televisions‚ receivers‚
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required funds. The other 20% will be coming from BNYCF as an equity investment. The terms of the structure include semiannual payments with a discount rate of 6.75%‚ and includes an early-buyout option from BNYCF for $126.6 million by 2017. The NPV of this leveraged-lease structure is $220.26 million. The early-buyout option has an option value of $2.97 million‚ therefore that will bring the adjusted NPV to $217.29 million. Amtrak can theoretically use a federal grant to purchase the Acela equipment
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within the product itself? How can you embed advice into a mutual fund? What are embedded advice products? How do they work and how do they benefit investors? The traditional view in the MF industry - in India and across the world - is that we expect AMCs to produce a diverse range of products across different asset classes - each with a clear‚ well defined mandate - the narrower / sharper‚ the better. It then becomes the advisor’s job to decide which product to offer to which customer in what circumstances
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Many of us can share the love and excitement of walking into a dimly lit theater‚ of lying back in a squishy chair‚ of reaching with one hand into a bowl of butter-soaked popcorn; and of resting for two care-free hours to watch a movie meant to bring great emotion to the audience. Since their creation‚ movies have become a significant part of American culture. Today hundreds of millions of dollars are spent on creating movies and just as much is spent on viewing them. To keep up with popular demand
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leveraged buyout by a private equity firm as opposed to strategic buyouts and other transactions is the significant reliance on debt financing. Typically‚ shell companies with substantially no assets would be formed by the private equity firms to effect the buyout. A substantial portion of this buyout would be funded by investment banks or possibly commercial banks‚ issuing high yield debt and other related financial offerings. This structure makes the banks very crucial players in the buyout and exposes
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Chapter 13 Chapter 12 Communication and Governance Discussion Questions 1. Amazon’s inventory increased from $3.2 billion on December 31‚ 2010‚ to $5.0 billion one year later. In addition‚ sales for the fourth quarter of those years increased from $12.9 billion in 2010 to $17.4 billion in 2011. What is the implied annualized inventory turnover for Amazon for these years? What different interpretations about future performance could a financial analyst infer from this change? What information
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