How is risk priced in the financial markets? What are the shortcomings of the explanations that finance theory offers for this? Introduction The valuation of assets in the financial market is no doubt a challenging task as it is closely correlated with risks and uncertainties embodied in the assets which provide the possibility that the investment outcomes would differ from the expected value (Grundy and Malkiel‚ 1995). In other words‚ the valuation of assets is actually linked to the qualification
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Return to the Nature—an Ecocritical Interpretation of Death of a Salesman 1. Introduction 1.1 A Brief Introduction to the Death of a Salesman Death of a Salesman‚ the masterpiece of Arthur Miller‚ depicts a story of common American family—Lowman’s family. Willy is a man with hugh ambitious but finally failed in the fierce competition of his business. Linda‚ his wife‚ is a loyal ‚ considerate and strong wife who always takes good care of the whole family and always stands in the back of his
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Expect the Unexpected What thoughts come to mind when you think of “The Lottery?” Positive thoughts including money‚ a new home‚ excitement‚ and happiness are all associated with the lottery in most cases. However‚ this is not the case in Shirley Jackson’s short story‚ “The Lottery”. Here‚ the characters in the story are not gambling for money‚ instead they are gambling for their life. A shock that surprises the reader as she unveils this horrifying tradition in the village on this beautiful
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“Many Happy (Product) Returns” is an article from a well-known business magazine called Harvard Business Review published by James Stock‚ Thomas Speh‚ and Herbert Shear. The magazine is published by Harvard Business Publishing‚ a wholly owned subsidiary of Harvard University. All of the authors are influential and well-known people in their expertise which is reverse logistics. These have brought a lot of credibility to the content. In the article‚ the authors used several examples of famous companies
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Investment Risk in Stock Market Securities Introduction: Stories of people making fortunes from the securities market have enticed many others into risky investments. Congress created the Securities & Exchange Commission (SEC) to protect investors. Many corporation managers became greedy and made self-serving decisions that created the principle-agent problems. The solutions for these problems lead to more unethical behavior from management. The creative use of financial statements even tricked
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[Abstract]: The Return of the Native is one of Thomas Hardy ’s "Novels of Character and Environment". This paper mainly deals with the conflict between the main characters in the novel and the "Environment"----Egdon Heath‚ especially the conflict between Eustacia and the Heath. The Heath as a physical object is described as "inviolate"‚ untouchable and unalterable by man‚ as a symbol it is highly flexible: it becomes what the various characters want to make of it. It is ugly for Eustacia‚ beautiful
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profitability of leasing companies. However‚ among visible non-functioning of development financial institutions (DFIs)‚ ailing capital market and lack of interest of commercial banks in term financing‚ the leasing industry remains only vibrant financial intermediaries for the medium term financing with less than 5.0 percent non-performing loans. Lease financing‚ as organized in Bangladesh‚ operates with the following objectives: (a) to assist the development and promotion of productive enterprises by
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The article “The Return of the Overeducated American?” by William R. Doyle shows the two sides of the argument on the topic if college is worth the cost. The labor market data confirms that individuals with higher level of education earn more even if its the same occupation as the high school graduates. According to Doyle‚ students with a higher education develop intellectual and communication skills which benefits them because they are able to become managers of businesses. College graduates also
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Adult students face many difficulties when deciding to return to school in order to achieve a long time goal. As an adult student I have experience many life experiences influencing my decision to return to school and also encountered many hurdles that I had to overcome. The experience that has influenced my decision to return to school is my family all being college graduates. A struggle that may influence my ability to achieve my academic goals is balancing work and school scheduling. Coming from
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Frank Miller’s The Dark Knight Returns‚ I would like to address the theme of rebirth and its relevance to Batman. Batman’s rebirth can be seen through‚ his physical changes‚ superhero power struggle‚ and his death. Batman’s rebirth is witnessed by his initial physical changes. For example‚ Alfred points out‚ “Master Bruce. Whatever happened to your moustache” (20‚ 7).This physical change is what hints at a different stage or “rebirth” in Bruce Wayne. In the following panel‚ Bruce looks in shock as
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