liabilities paid semi-annually as opposed to annually? Q.3 An insurance company issues a $100‚000 one-year bond paying 7% annually in order to finance the acquisition of a $100‚000 one-year corporate loan paying 9 % semi-annually. (a) What is the insurance company’s maturity gap? What does the maturity model state about interest rate risk exposure given the insurance company’s maturity gap? (b) Immediately after the insurance company makes these investments‚ all interest rates
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Indian Tobacco Company/Corporation (Imperial Tobacco Company of India Limited) [pic][pic] ITC was set up in 1910 by the name of ’Imperial Tobacco Company of India Limited’. The company is now known as Indian Tobacco Company Ltd. ITC has its presence in Cigarettes‚ Hotels‚ Paperboards & Specialty Papers‚ Packaging‚ Agri-Business‚ Packaged Foods & Confectionery‚ Information Technology‚ Branded Apparel‚ Greeting Cards‚ Safety Matches and other FMCG products. ITC is a market leader in the businesses
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the ban on tobacco advertising in India: India has several million smokers accounting for a significant proportion of the world’s smokers. According to the article‚ the World Health Organization (WHO) said that tobacco accounted for over 3 million deaths in 1990; and by 1998 the figure would rise to 4.023 million with an increasing threating rate of 10 million in 2030. The tobacco problem in India is peculiar; it is characterized by a large proportion on non-cigarette and smokeless tobacco use. Many
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Case Study Philips NV. 1. Describe changes in Philips environment occurring during the 1960’s and 1970’s (a) Philips operates in a very competitive market domestic and internationally. There have been various changes over the last decade‚ with the emergence of the company from a position near economic failure to a well-known brand that is still lacking in performance. From the 1960’s onward‚ a number of significant changes took place. Due to the efforts of the GATT General Agreement on Tariffs
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Questions for reflection 1. Describe the vertical and horizontal structuring of corporate communication within Philips. What can you say about the effectiveness of these structures in the light of the company`s repositioning around sense and simplicity and its increased focus on managing its corporate reputation with different stakeholder groups? When it comes to the vertical corporate communications within Phillips‚ it comes down to the idea of Prast and colleagues selecting a communication
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1) How did Philips become the leading consumer electronics company in the postwar era? What distinctive competence did they build? Philips became the leading consumer electronics in the world in the post-war period by a strong investment in research and development of their independent national organizations‚ and good communication between the organizations. Philips has continued this tradition with fourteen divisions of product development‚ production and distribution in the world‚ which
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corrugating medium 168(70%*400)*60% 30% of out of pocket costs 120(30%*400) Total 288 West Papers Costs Total 430 Eire Papers Costs Outside linear(Southern div) 54(60%*90) Printing(Thompson div) 25 Own Supplies 312(432-5-36) Total 391 As shown in the calculations above‚ Northern should accept the bid from Thompson division as it has the lowest cost if all transfer prices within the company were calculated at costs. Incurring the lowest costs would also enable Birch Paper Company to earn the highest profits
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40 19 December 2014 Tobacco smoking Kills Every inhale of a cigarette is another tick closer to a time bomb. People who choose to ignore the facts and the serious consequences smoking can do‚ dies a tragic death. Tobacco smoking and tobacco companies have become the biggest and most neglected problem in America. Especially the problem with people starting their addiction to tobacco at a young age. As humans‚ we have the freedom to make our own choices‚ but tobacco products have taken control of America
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performing corporate bond rating service. Debt is raised to repurchase shares rather than the normal case of capturing expansion opportunities to strengthen cash flow. This is not going to be regarded favorable to debt holders since the debt coverage ability in terms of cash or collateral is not strengthened. UST is characterized positively by commanding market share position in the moist smokeless tobacco market‚ strong brand name recognition‚ premium product offering‚ pricing flexibility; negatively
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might ask yourself‚ why would a company willingly give up on over two billion dollars of profit annually? The primary answer being conveyed by CVS executives is that “Tobacco products have no place in a setting where health care is delivered.” This company is making a bold statement that money does not affect the way we feel about our customers. Scott Mushkin‚ an analyst with Wolfe Research in New York stated that “ CVS has aligned its business to the pharmacy‚ Tobacco is an ancillary business‚ and
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