Returns 1 RETURNS Prices and returns Let Pt be the price of an asset at time t. Assuming no dividends the net return is Pt Pt − Pt−1 −1= Rt = Pt−1 Pt−1 The simple gross return is Pt = 1 + Rt Pt−1 Returns 2 Example: If Pt−1 = 2 and Pt = 2.1 then 2.1 Pt 1 + Rt = = = 1.05 and Rt = 0.05 Pt−1 2 Returns 3 The gross return over k periods (t − k to t) is 1 + Rt (k) := Pt−1 Pt−k+1 Pt Pt ··· = Pt−k Pt−1 Pt−2 Pt−k = (1 + Rt ) · · · (1 + Rt−k+1 ) Returns are • scale-free‚ meaning that they do not depend
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Abstract: It’s argued that the greatest challenge facing human resource managers in Viet Nam in the next 5 years will be to attract and retain the quality staff for their organization. I agree with statement because at present Vietnam has to meet the risk of skilled labor shortage although we have abundant labor force. The rate of quality employees is very rarely. So‚ how can we improve the imbalance of workforce? It’s clear that company must attract and retain the quality staff in their company
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numbers relate to stock returns?” By D. Craig Nichols and James M. Wahlen Written by Tra My Nguyen Student ID 24458 Submission date 27 March 2014 Submitted to Mr John Mulenga Financial Statement Analysis Module Review’s layout: I. Main contribution the research paper II. Summary of the findings Research Paper Review The research paper summarized the theory and empirical evidence on the relationship between accounting earnings of a firm and its stock returns. The theory was
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Psychoanalysis in past and recent years use by counselor and therapist The International Psychoanalytical Association (IPA) is the world’s primary accrediting and regulatory body for psychoanalysis. Well‚ their mission is to assure the continued vigor and development of psychoanalysis for the benefit of psychoanalytic patients. It works in partnership with its 70 constituent organizations in 33 countries to support 11‚500 members. In the US‚ there are 77 psychoanalytical organizations‚ institutes
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P age |1 (Informative Outline) Are Annual Mammograms Really Necessary? (Introduction) It was supposed to be a regular‚ annual‚ woman’s wellness exam. My Aunt and I took my grandmother to the doctor for her appointment. We were present during all of the proceedings and testing that took place. We were confident that everything went well and my grandmother was in good health. When we left the doctor’s office that day‚ we were totally unprepared for the phone call that was to come. After
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When you are interviewing for a new job‚ it can be hard to articulate where you would like to be in your career next year let alone five years down the road. Even when you do know‚ it’s important to be careful how you respond because you’ll need to tailor your answer to the job for which you are interviewing. Here are tips for responding to questions about the next stage of your career‚ while affirming your interest in the role you are being interviewed for. It is often advantageous to emphasize
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Were the five-year plans successful? When Joseph Stalin took control of Russia in 1928‚ he saw that Russia was very industrially behind and with the World War II looming‚ the Soviet Union had no choice but to industrialise at the speed of light. Quoting from a speech he gave in 1931‚ he said: "The history of old Russia has consisted being beaten again and again because of our backwardness. It is our duty to the working class to increase the pace of production. We are 50 to 100 years behind the
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situation. Due to the slow pace‚ the boy’s imagination is widely stretched and has drifted off into his own world where he interprets basic ideas that he encounters such as looking at a simple clock and expressing it as ‘Clock face‚ little eyes and two long legs for walking’ He describes the clock as an animated object which proves of his naïve thinking. He also starts the poem with ‘Once upon a time’ Which is a typical starting point of a child’s fairy tale‚ and most importantly there is the inclusion
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Tenth Five Year Plan of India – 2002 - 2007 The Tenth Five Year Plan India(2002-2007) aims to transform the country into the fastest growing economy of the world and targets an annual economic growth of 10%. This was decided after India registered a 7% GDP growth consistently over the last decade. This GDP growth of 7% is much higher than the world’s average GDP growth rate. Thus‚ the Planning Commission of India sought to stretch the limit and set targets which would propel India to the super
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water discharges to the atmosphere. The water level is 2.5 m above the outlet. The rank air pressure above the water level is 250 kpa (absolute) while the atmospheric pressure is 100 kpa. Neglecting frictional effects‚ determine rhe initial discharge rate ofwater from the tank. Refer to FIGURE (c). el Q2. (a) (13 ma*s) Explain why liquids are usually transported in circular pipes. (3 marks) (b) Briefly describe ihr significance ofReynolds nurnber. Refer to FIGURE e2 (b). How is it defined for:
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