Q1‚ While pension funds hold bonds as their asset‚ they also have obligations as liability. Lower interest rate‚ namely a lower discount rate‚ on one hand‚ increases bonds’ return‚ on the other hand‚ it also increase pension funds’ liabilities‚ which is the discounted value of future obligations. Moreover‚ bonds in asset side are usually in shorter term than long-term liabilities‚ and therefore are less sensitive to interest rate change. As a result‚ the increase in liability exceeds the value increase
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following figures (tesco.com) Employees: 472‚000. Number of stores (UK): 2‚492‚ Number of stores abroad (13 countries): 2‚329 Market share: 30.7% Revenue: £62.5 billion It takes £1 in every £7 spent in UK (Ian‚ 2010) Tesco went on a major international expansion bid by entering Malaysia (2002)‚ Turkey and Japan (2003)‚ China (2004)‚ Fresh and easy in US (2007)‚ Working on Franchise deal in India (2008) 1.1. History: Tesco has a 110 year old history‚ with founder Jack Cohen selling
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the mutual funds and their influence on funds’ performance on the example of Centras Securities Investment Company Instructor: M Mujibul Haque‚ Ph.D. Prepared by: Jumasheva Sulushash‚ 20070299 Sergey Savinykh‚ 20074290 Fall 2009 Table of Contents Acknowledgement 3 Introduction 4 1. Investment opportunities in Kazakhstan 5 2. Mutual funds in the world
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No-Load Mutual Funds Mutual funds can be classified into two types - Load mutual funds and No-Load mutual funds. Load funds are those funds that charge commission at the time of purchase or redemption. They can be further subdivided into (1) Front-end load funds and (2) Back-end load funds. Front-end load funds charge commission at the time of purchase and back-end load funds charge commission at the time of redemption. Large cap funds Large cap funds are those mutual funds‚ which seek capital
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essay I am going to be defining the differences between the new international division of labour and the new international division of reproductive labour. I am going to be using specific examples to show how both transform existing ways of thinking about gender hierarchies‚ personal identities‚ women’s work and mothering. It is very important to note that although both the new international division of labour and the new international division of reproductive labour are fairly similar in the overall
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are elements of the classical management and behavioral management approaches evident at Zara International? Frederick W. Taylor is known for the four step Scientific Management approach which was part of classical management with its first step being a time study of the motion and tasks performed on jobs to maximize the efficiency. Evidence of this science was quite apparent with Zara International in regards to their lightning-quick trend turnarounds that tailor to the young consumer audience
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The question is should NASA fund asteroid studies? I think they should fund the asteroid studies because it could help us move to other places‚ it could save lives by building inventions that capture the asteroids‚ along with us trying to see if they have valuable resources. I believe it could help with protection‚ lifestyles and resources. The reasoning for these things is to help us out incase we try to move to a different places in our solar systems such as Mars. We could also try to build stuff
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Out and About plc Capital is the funds that are invested into a business to be used for the growth and expansion of a business. In the case of Out and About plc‚ they are going to use this capital in order to fund its marketing budget. Out and About have a current ratio of 0.87:1 and an acid test ratio to one. This suggests that they are suffering from very severe liquidity problems especially short term liquidity. As they have £800 million worth of non-current assets‚ it would be useful for
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An evaluation of Lonrho’s corporate strategy should start from the two main key issues: in what businesses the firm should compete and how corporate headquarter should manage those businesses. Lonrho’s profile in 1996 included Agriculture‚ Sugar‚ General Trade‚ Hotels‚ Manufacturing‚ Mining&Refining and Motor&Equipment. The level of diversification was clearly high and the firm was pursuing a unrelated strategy‚ with less than 70% of revenues that came from the dominant business (Mining ) and without
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A. How can growth companies afford hybrid debt facilities‚ which are riskier and more expensive than senior loans obtained by mature value companies? The Paradox: “Growth companies” notoriously generate lower Cash Flows than “Mature companies”‚ but at the same time Growth companies have to finance their business through more expensive instruments (mezzanine finance) as the information available to the public‚ i.e. the investors‚ are much less than those released by big and mature companies. Therefore
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