I recommend buying the OSX 9.25 2015 bond for 90 cents on the dollar for a YTW of 15% in 2015‚ but I believe the correct yield is yield to next call (111%)‚ as I believe the company will call this bond in June‚ 2013 at 103. The bond is secured by a 1st lien collateral on an FPSO that is being built in Singapore (87% completed) that will be delivered on Q4 to the company. Value of the FPSO is 700MM USD as marked on OSX´s book‚ total debt is 500MM USD. Eike Batista is the main shareholder of Centennial
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going to show you some of the advantages and disadvantages of Space Exploration. As one would think‚ there are a lot of ups and downs. We‚ the United States‚ continue to spend millions on millions of dollars to fund space exploration even though‚ we have problems here on Earth such as starvation‚ loss of jobs and poverty. Also there is a lot to be explored here on planet earth and in my opinion we should use some of the money to explore some places like Antarctica and deep beneath the sea. Why spend
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[pic] STRATEGY FOR ENTERING AND DEVELOPING INTERNATIONAL MARKETS Justyna Michel Characteristic of the Mokate company Mokate is one of the biggest polish producers of coffee‚ tee‚ coffee creamers and since 2011 exclusive distributor of Lavazza coffee in Poland. The history of Mokate has started in 1927 in Goleszów (in southern Silesia) where Joseph Mokrysz opened a shop‚ a restaurant and acquired concrete plant. In this form‚ the
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Economics 200: Principles of Microeconomics Due (in class): Monday‚ Oct. 13 Professor MacDonald Your Name: _______________________________ Problem Set 1 Question 1 (2 points): Explain how each of the following events affects the equilibrium price and quantity in the associated market. Hint: in each case‚ either the supply or the demand curve shifts‚ but not both. Explain your answer in one sentence and draw a graph to accompany your answer‚ being sure to correctly label all parts of the graph
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Globalization of Markets – refers to the merging of historically distinct and separate national markets into one huge global marketplace; moving away from an economic system in which national markets are distinct entities‚ isolated by trade barriers and barriers of distance‚ time‚ and culture‚ and toward a system in which national markets are merging into one global market Converging tastes and preferences of consumers in different nations‚ helping create one global market Rise of emerging markets Ex: coca
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to the war in Iraq‚ Syria and Ukraine‚ oil prices increased significantly as did the profit earned by many oil companies including PETRONAS. Politicians in Malaysia opposed the government policy to oil price increase by twenty cents and the withdrawal of oil subsidy. As a manager or policy implementer‚ discuss the pros and cons if this policy in the context of the various theories of profit. Introduction The government of Malaysia increased the price of oil by 20 cents and withdrawal of the oil
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Unit 4: Seminar – Price Controls Unit 4: Seminar – Price Controls Juan Ujueta Kaplan University BU224: Microeconomics Professor: Vilma Vallillee August 1‚ 2012. Price Controls Despite the fact that all markets tend to move into equilibrium‚ there might be occasions when neither buyers‚ nor sellers are satisfied with that equilibrium. Even at an equilibrium point buyers will contest their cases that prices should be go down‚ and sellers contest their
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2011 Current Affairs at a Glance JANUARY The Mahatma Gandhi National Rural Employment Guarantee Act‚ UPA’s flagship aam admi scheme‚ turned five on February 2‚ 2011. On January 14‚ the Ministry of Rural Development issued a notification revising the wage rates under the MNREGA from Rs 100 per day to between Rs 117 and Rs 181 (17-30 % hike) in different States. The revision under Section 6(1) of the 2005 Act‚ coming in wake of inflationary pressures on the poor‚ adjusts the wages by indexing it
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Economics Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end
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PRICE HIKE To understand this term we divide this term into two parts; Price and Hike and explain both the parts separately. Price is the value paid by the provider or supplier in the form of currency for rendering goods & services. While Hike is an abrupt increase or rise. It means that there is rise in prices of the goods/services required by the people living in the world. These goods/services belong to following sectors; 1. Agriculture 2. Health and Medicine 3. Education 4. Manufacturing/Industries
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