Executive Summary Berkshire Hathaway has made a bid for the remaining portion of GEICO stock. This report reviews the offer initiated by Warren Buffett. The details of this report include: • Valuation of GEICO stock. The $70 offer made by Warren Buffett and Berkshire Hathaway includes a 26% premium over the current GEICO stock price of $55.75. This report attempts to determine a range of appropriate stock prices for GEICO. Using the Gordon dividend discount model‚ along with historical dividend
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policy has been conducted under wide ranging economic environment since its establishment in 1959‚ the Central Bank of Nigeria (CBN) has continued to play the traditional role expected of the central bank‚ which is the regulation of stock of money such a way as to promote the social welfare (Ajayi‚ 1999). This role is anchored on the use of monetary policy that is usually targeted towards the achievement of full-employment equilibrium‚ rapid economic growth‚ price stability‚ and external balance
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This paper critiques the slow pace and use of legal rigmaroles in frustrating enforcement investors’ protection laws in Nigeria‚ compared with the American legal system‚ using AJAYI v SEC as reference. It concludes that (a) Nigerian courts should employ their power to sanction lawyers and litigants more proactively; (b) specialised courts’ powers‚ such as the Investment and Securities Tribunal (IST) must be enhanced to handle specific subject-matters in Nigeria; and (c) the rights of appeal to appellate
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The role of economic science in global business The term "science" reminds us of the most mathematics and everything connected with it. For some reasons this is quite right‚ but economics is a science which deals with the rational use of all resources available to human. This applies not only money‚ but other resources as well. Economics consists of two main divisions - microeconomics and macroeconomics. Quite often some economists also treat as a division the International Economic Relationship
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September 24nd‚ 2014 Bianca Teixeira Conquest‚ Exploration and Exchange Essay The conquest of the New World by Europeans had both positive and negative affects for both the conquered peoples and the Europeans. Although the Exploration benefited many people‚ it negatively affected the people in the New World enormously. Christopher Columbus decided to travel to the New World where he thought he has discovered
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positive consequences was that tobacco was the main source of money‚ which made the economy grow since it grew at an alarming rate. There were negative consequences though‚ like‚ cancer from the tobacco. Although there were positive effects of the Columbian Exchange‚ the negatives were more significant. Spanish exploration had many negatives. First‚ there were diseases. Diseases ravaged through North Americans‚ killing thousands‚ if not‚ millions. When Spanish explorers came to the “New World” they
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The Greenhouse Effect and Global Warming Recently‚ global warming has moved to a serious scientific issue. Because sunlight is constantly falling on the earth‚ the law of physics say that the planet has to radiate the same amount of energy back into space. Infrared radiation is sent out by the earth through the atmosphere‚ where molecules (carbon dioxide) hold outgoing radiation for a while‚ warming the surface.1 The molecules are kind of like glass in a greenhouse which is why this process
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Global Warming is an important ecological issue and has many negative effects upon our environment. However‚ for all the attention that this issue does not draw‚ that is how dire it is growing to be. There are many problems that are causing global warming‚ and if they are not corrected‚ or at least prevented from here on out‚ there are going to be some severe complications in the near future. Greenhouse holes in the ozone layer and the decay of the atmosphere are just a few of the problems that need
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Countrywide Financial: The Subprime Meltdown Briarcliffe Online Live Chat 1 Unit Three Ramon Geronimo BA-338-2-SUM1-BRI12 Business Ethics Prof. Raymond Manginell June 1‚ 2012 Abstract 1. Are subprime loans an unethical financial instrument‚ or are they ethical but misused in a way that created ethical issues? 2. Discuss the ethical issues that caused the downfall of Countrywide Financial. 3. How should Bank of America
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though oil is so profitable‚ over half of Nigeria’s population lives below the poverty line.The extraction and demand for oil makes the government reckless in their pursuit for money‚ making Nigerian government corrupt. The population living below the poverty line live on two dollars day. 2. What can the Nigerian government‚ oil companies‚ and the international communities do to ensure more transparency of oil revenues and more wealth distribution of oil profits? a. the Nigeria Extractive Industries
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