INTRODUCTION: Blowfish‚ a symmetric block cipher developed by Bruce Schneier[SCHN93‚ SCHN94)‚ is a Feistel network‚ iterating simple encryption and decryption functions of 16 times each. The block size is 64 bits‚ and the key can be any length up to 448 bits. Although there is a complex initialization phase required before any encryption can take place‚ the actual encryption of data is very efficient on large microprocessors. Blowfish was designed to have the following characteristics: Fast:
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The Bernie Madoff Ponzi Scheme Ethical Situation: In December of 2008‚ Bernie Madoff‚ was sentenced to 150 years in prison for swindling investors out of billions of dollars and creating one of the largest “Ponzi” schemes of all time(SEC). Bernie Madoff initially started out by establishing himself as a well-respected financial expert because he had been one of the founders of the NASDAQ stock exchange‚ and was chairman on the Board of Governors and the NASD. He created his own company called
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Investment Policy‚ Ethics‚ and Portfolio Management March 10‚ 2010 Mid-Term Problems Chapter 13 Question 1) Briefly describe the results of studies that examined the performance of alternative industries during specific time periods and discuss their implications for industry analysis. Industry analysis is performed and relevant because different industries have different performance over time periods and during different stages of the business cycle. Yearly performance studies
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The plan board of trustees directed Karl 5 years ago to invest for total return over the long term. However‚ as trustees of this highly visible public fund‚ they cautioned him that volatile or erratic results could cause them embarrassment. Investment Performance | | Last 5 years | Last year | Time-weighted | 8.2% | 5.2% | Dollar-weighted (internal) | 7.7% | 4.8% | Assumed actuarial return | 6.0% | 6.0% | U.S. T-bills | 7.5% | 11.3% | Large sample of pension funds
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You are offered a T-note that pays $1‚000 in 9 months (or 270 days) for $910. You have $910 in a bank that pays a 5% nominal rate‚ with 365 daily compounding. You plan to leave the money in the bank if you don’t buy the risk-free T-note. Which investment should you choose? Use the following all three solution methods to verify your answer. Greatest future wealth: FV Figure out FV of $910 left in a bank with 9 months‚ and then compare with T-note’s FV=$1‚000 Inputs: N = 270‚ I/Y =5%/365=0.0137%
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NEED TO POPULARISE PENSION SCHEMES IN INDIA By: Dr. Ritu Bhattacharyya‚ Professor Marketing‚ Bharati Vidyapeeth’s Institute of Management Studies and Research Dr. Sangita Kohli‚ Lecturer‚ Somaiya College‚ Vidya Vihar‚ Mumbai CONTEXT India has the second largest population in the world. The working population of the world in India is also the second largest. The only old age security available in India is for people working in the Central or State Government enterprises or Public Sector
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PROPOSAL FOR COLLECTIVE BARGAINING FROM KESATUAN PEKERJA-PEKERJA PERUSAHAAN KUMPULAN UMW ( KPPPKUMW ) TO MANEGEMENT ASSEMBLY SERVICES SDN BHD. ARTICLE 23 SALARY RANGE AND YEARLY INCREAMENT APPENDIX OF ARTICLE 12 GRADE DESIGNATION SALARY RANGE INCREAMENT RANGE ( RM ) PERFORMANCE RATINGS PROMOTION QUANTOM A B C D PE1 Production Operative Process Checker Account Assistance Clerk Company/personal Driver General Worker Maintenance Operative Planner Receptionist Technician RM 3.50
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UNIVERSITY OF TEXAS AT DALLAS SCHOOL OF MANAGEMENT FIN6310: INVESTMENT MANAGEMENT SOLUTIONS TO PROBLEM SET #1 PROF. ARZU OZOGUZ SPRING 2013 1. Calculate the value of the following two bonds. Assume that coupon payments are made semi-annually and that par value is $1‚000 for both bonds. Coupon rate Time to maturity Yield-to-maturity Bond A 5% 5 yrs 7.2% Bond B 5% 25 yrs 7.2% Recalculate the bonds’ values if the yield to maturity changes to 9.4%. Which bond is more sensitive to the changes in
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Academic Year 2013/2014 MGMT4160-42121 Selected topics in Management Group project Title: The influence of Individual Visit Scheme in Hong Kong and Macau Background The Individual Visit Scheme (IVS) began on 28 July 2003. This scheme allows Mainland resident visit Hong Kong or Macau on an individual basis. Before the scheme‚ China resident must travel to Hong Kong or Macau with a business visa or group tours. In general‚ as long as people is in the scope of cities
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MATHEMATICS OF INVESTMENT Simple Interest If you borrow a car from a car rental company or if you live in someone else’s house or apartment‚ you have to pay rent. Like paying rent for the use of a car or a house‚ you also have to pay rent for the money you borrowed. This is called interest. People like Marco earn by charging interest on loans. Banks earn most of their income from the interest that people pay for the amounts they borrow. How much interest one has to pay depends on three factors:
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