Using present value to value bonds A bond‚ from the perspective of the person issuing the bond is a form of long term debt. In the hands of the person who has acquired the bond it is an asset. The agency issuing the bond agrees to pay a fixed sum of money to the holder of the bond for a period of years and then‚ at the end of that period‚ to pay back the face value of the bond. Bonds can be issued by a variety of agencies/companies: 1. Municipal bonds: issued by cities‚ states and
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Do you agree that the first cause argument proves that God exists? The first cause argument takes the existence of the universe to entail the existence of a being that created it. It does so based on the fact that the universe had a beginning. There must‚ the first cause argument says‚ be something that caused that beginning‚ a first cause of the universe. I do believe that the first cause argument proves God’s existence. This is because the universe consists of a series of events stretched across
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90‚000 Share of dividends (.25 × $160‚000) (40‚000) Balance in investment account $550‚000 2)During 2008‚ PK Co. purchased 2‚000‚ $1‚000‚ 9% bonds. The carrying value of the bonds at December 31‚ 2010 was $1‚960‚000. The bonds mature on March 1‚ 2015‚ and pay interest on March 1 and September 1. PK sells 1‚000 bonds on September 1‚ 2012‚ for $988‚000‚ after the interest has been received. PK uses straight-line amortization. The gain on the sale is Discount amortization: $40
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By the end of the novel fowler is a greatly changed man. Do you agree? In the novel “The Quiet American”‚ which is written by Graham “Vintage” Green‚ follows a man called Thomas Fowler‚ who is a British journalist currently travelling in Vietnam. Thomas Fowler is aged in his fifties or so and his work has been covering the French war in Vietnam. Throughout the book Fowler becomes a greatly changed man‚ through meeting characters and becoming twisted in events. Fowler at the start of the book has
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You must do things you think you cannot do Honorary guest‚ lecturers‚ parents‚ fellow graduates‚ good afternoon. I am your valedictorian Oshane Thomas and I am charging you today to do the things you think you cannot do. The important actions aren’t easy. They are hard because of our fears. No one is without them. One of my fears is being here today talking to you. On preparation for graduation‚ I was notified that I had to deliver a speech and the thought of actually doing it terrified me
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An investigation on how to mitigate credit risks faced by South African clothing retailers By Nontutuzelo Lydia Mbiyo (3312-655-0) Submitted in partial fulfillment of the requirement for the degree Hons BCom (Financial Management) At the University of South Africa Supervisor: Mrs A.T. Mutezo ACKNOWLEDGEMENT Nontutuzelo Lydia Mbiyo‚ a Bcom Honours student at University of South Africa takes her hat off to those
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Question: Othello offers nothing of value to the modern audience. Do you agree? Complex themes of jealousy‚ rejection and revenge are universal due to their ability to relate and remain relevant to audiences. Such themes are explored through William Shakespeare’s tragedy Othello where characters are all confronted and invariably challenged with such universal themes that essentially form the ingredients to this tragedy. Throughout the play‚ issues regarding sexism and racism come to light by examining
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business strategies and each type had its own risk when selecting and implementing it. For cost leadership strategy‚ the risks that are associate with this strategy are a loss of competitive advantage to newer technologies‚ which allows rivals to produce at lower cost‚ a failure to detect changes in customers’ need and the ability of competitors to imitate the cost leader’s competitive advantage through their own unique strategic actions. Competitors sometimes do learn to imitate the cost leader’s strategy
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Value (APV). APV is based on the following: APV = NPV of project assuming it is all equity financed + NPV of financing effects Essentially‚ APV breaks the total value of the project into parts: one part is the value assuming no debt is used‚ and then you add on the extra value created from using debt in the capital structure. Consider an example: A firm is considering a project that will last 5 years. It will generate cashflows of $9 million annually. The initial investment required in the project
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Credit Risk Management and Profitability in Commercial Banks in Sweden Ara Hosna‚ Bakaeva Manzura and Sun Juanjuan Graduate School Master of Science in Accounting Master Degree Project No. 2009:36 Supervisor: Inga-Lill Johansson Acknowledgements After several months of hard work our thesis has been finished. Now it is time to thank everyone warmly who provided their kind assistance to us. First of all‚ we would like to thank our supervisor Inga-Lill Johansson‚ Associate Professor
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