Master Thesis Department of Business Studies MSc in Finance & International Business Valuation of Holcim Ltd A Building Materials Industry Based Company Author: Christian Ryf Exam #: 402749 Advisor: Baran Siyahhan‚ Associate Professor‚ PhD Place‚ Date: Aarhus‚ July 2011 Abstract What is the fair value of Holcim Ltd‚ a Swiss based building materials company? This is the central question of the following paper. Before the valuation will be performed‚ one
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Advance Finance Insert Name Insert Institution Advance Finance Question 1: Periodic Interest Rates Calculating Periodic Rate and Effective Annual Interest Rate Applied Formula by Fouque and Papanicolaou (2011): Effective interest rate per period‚ (i) = ( 1 + ( r / m ) )m – 1 Effective interest rate for t periods‚ it = ( 1 + i )t - 1 or a single equation it = ( 1 + ( r / m ) )mt - 1. The rate per compounding period P = R / m‚ in percent. Where: r = R/100 and i = I/100 (p. 124)
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W2411 – International Economics: International Finance SoSe 2013 Jungblut Participation Assignment Ju Exercise 1 Go to the web page of the European Central Bank (ECB). Point(s) 2‚5 a. What is the current (fixed) rate for main refinancing operations”? 0‚50% Download the Monthly Bulletin April 2013‚ open section “Euro Area Overview” in the statistical appendix‚ and list the following values (look out for correct year!): b. Net current and capital accounts balance in 2012 (billion EUR)
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Writing Assignment Handout Econ 4432W International Finance University of Minnesota Spring Semester – 2012 Objective The main objective of writing a term paper is giving you the opportunity to: 1. Apply the analytical skills and intuition obtained in the class to examine an issue in which you have special interest. 2. Induce critical thinking on your part‚ which involves integrating what you are learning and real world economic issues. 3. Learn how to write a formal paper
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TEST YOURSELF IN BUSINESS LAW 1 (OBLIGATIONS AND CONTRACTS) Part I The juridical tie that binds the parties in an OBLIGATION is determined by the sources of Obligation. Mora Accipiende and Mora Solvendi are two kinds of delay. An Obligation with a Condition AND an Obligation with a Period refer to the same kind of Obligation. Acts of Man and Acts of God are considered Fortuitous Event under our Civil Code. There can be Joint Obligation in an INDIVISIBLE OBLIGATION. The principal
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sold. This process produces lots of waste water‚ which poisonous properties‚ which is being dumped into nearby streams‚ which then flow onto the land of downstream ranches‚ severely damaging the land. Discuss this problem using the tools of public finance and propose two solutions‚ one involving taxes and the other involving property rights. In Montana‚ there are some large deposits of water containing dissolved methane (fossil fuel). It is possible to pump this water out of the ground and release
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THE SAGA OF THE VENEZUELAN BOLIVAR FUERTE 1) Why must a country’s currency be devalued? What is failing in the economy? Devaluation is the action of a government or central bank authority to drop the spot foreign exchange value of a currency that is pegged to another currency or to gold. Countries occasionally devalue their own currencies as a result of persistent and sizable trade deficits. They intentionally devalue their currencies in an effort to make their exports more price-competitive
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d) none of these 3. This is true for Financing against cheques : a) To be provided only for customer b) To check the track record of customer c) Both of these d) None of these 4. Providing finance against a LC bill is called a) Bill Purchase b)Bill Discounting c) Negotiation d) All of these 5. A statement of age-wise debtors is obtained in case of Cash credit against Book debts/ Debtors because: a) We can have lesser margin against
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Trade and Finance Trade and Finance Speech Today the current state of the United States macroeconomy will be discussed. Over the past three years the government has experienced economic growth and falling employment since the recession ended. However‚ this has been the weakest rebound from a recession after World War II ((Sivy‚ 2013). The unemployment is higher than it should be‚ and the economic growth has slowed down dramatically. Our citizens who have secure jobs and a stable home the
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Practice Problem Set – 1 ( The following problems are from Corporate Finance by Ross‚ Westerfield‚ and Jaffe – Tenth edition‚ McGraw-Hill / Irwin – ISBN 978-0-07-803477-0 ) 1. Audrey Sanborn has just arranged to purchase a $ 550‚000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 6.1 percent stated annual interest rate‚ compounded monthly‚ and calls for equal monthly payments over the next 30 years. Her first payment will be due one month from now. However‚ the mortgage
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