UGBA 103 Fixed Income Valuation 1A) YTM is 4.75% at time of issuance. YTM is 4.88% at 99 per 100. YTM is 4.62% at 101 per 100. 1B) NTT should have been selling at $915.861M PVpredrop = (47.5/.0475)*(1-(1/((1.0475)^2))) = 88.636M PVpostdrop = ((30/.03)*(1-(1/((1.03)^2))))/(1.03^2) = 198.502M PVfacevalue = 1B/(1.0475)^10 = 628.723M PVpredrop + PVpostdrop + PVfacevalue = 915.861M 2A) Bond A should sell at $1040.55 each. Bond B should sell at $1000 each. Bond C should sell
Premium The Final
Marriott Corporation: Questions for HBS case “Marriott Corporation: The cost of capital” 1) Are the four components of Marriott’s financial strategy consistent with its growth objective? In my opinion‚ the four components of Marriott’s financial strategy are consistent with its growth objective. As we find in the case‚ the four components of Marriott’s financial strategy: Manage rather than own hotel assets‚ Invest in projects that increase shareholder value‚ Optimize the use of debt
Premium Marketing Hotel Hotels
August 29 2013 The Honorable Thom Ellis North Carolina State Senate/House of Representatives North Carolina General Assembly Raleigh‚ NC 27601-1096 Dear Senator Ellis‚ I strongly urge you to oppose the HB 693 law that deprives the teenagers in NC of medical confidentiality. We talk about our right to be free‚ our right to have privacy and to make discretionary decisions about our health‚ where are they? The question at hand‚ “Legislated parent-child relationship vs. Open parent-child relationship
Free Pregnancy Adolescence North Carolina
[pic] TiVo Marketing Executive Summary The disappointing sales performance during the Christmas 1999 season ended up being a priceless lesson for TiVo’s marketing team: it was the catalyst that created the need for a TiVo’s new communications strategy. However‚ defining this new marketing campaign was challenging‚ especially after the feedback received about the product indicated issues like limited awareness and hard-to-communicate functionalities. The main focus of this new marketing campaign
Premium Marketing Television Retailing
Cathay Pacific Case Analysis 10/25/2007 Cathay Pacific (CP) is an interesting case because it is an example of a company attempting to work in isolation‚ vertically integrated and developing all their needs themselves. Truth is however; in today’s interconnected economy a company working independently simply can not compete. The world has become too dynamic and contains too many other companies developing better solutions to rely solely on one’s internal organization. Cathay eventually
Premium Cathay Pacific Management Strategic management
2.2 Electrical Communication Study Guide by Hisrich 2.2.a How does communication happen within the body? Electrical Signals Nervous System Chemical Signals Endocrine System The nervous system is made up of neurons. Neurons communicate just like people do‚ but they send messages using action potentials (electricity passing through their axons). Each neuron picks up signals at its dendrites‚ passes the signals down the axon‚ into the axon terminals‚ and into the synapses. The synapse
Premium Neuron Nervous system Action potential
Which of the three product development options should BARCO pursue and why? I think BARCO (BPS) should for the third option‚ i.e.‚ to turn to immediate development of the BG800. Following considerations justify this decision: * BPS had a reputation for the highest quality final image and excellent reliability once fully installed. This was the reason why BPS could charge a premium on its products and keep the distributors and dealers satisfied. Sony’s 1270 posed big threat to BPS’ market position
Premium Marketing Brand management Superiority complex
. Does this make sense as a way to do capital budgeting? Yes I think it makes sense as a way to do capital budgeting because under this kind of model it does have considered all of business as well as country specific risks. It will make the company’s budgeting decisions more accurate. However‚ under this method it will be unlikely for the company to continue to do the investment in developing countries in the future since all of those countries have very high discount rates. If so‚ it will undermine
Premium Investment Finance Risk
Case: Teaming Professor: Amy Edmondson Prepared By: Summary In today’s fast-moving‚ ultracompetitive global business environment‚ you can’t rely on stable teams to get the work done. Instead‚ you need “teaming.” Teaming is flexible teamwork. It’s a way to gather experts from far-flung divisions and disciplines into temporary groups to tackle unexpected problems and identify emerging opportunities. It’s happening now in nearly every industry and type of company. To “team” well‚ employees
Premium Learning Knowledge management
Apple Computer Apple has managed to come out on top after almost three decades full of turbulent management and direction in an industry that is considered one of the most competitive in existence. The company’s success in the last decade can be fully attributed to the re-acquisition of their original visionary and leader‚ Steve Jobs. With Jobs back at the helm the company has managed to return to its roots and carve out a significant niche that could only be described as innovative personal
Premium Apple Inc. Steve Jobs Macintosh