The Bird-In-The-Hand Theory The essence of the bird-in-the-hand theory of dividend policy (advanced by John Litner in 1962 and Myron Gordon in 1963) is that shareholders are risk-averse and prefer to receive dividend payments rather than future capital gains. Shareholders consider dividend payments to be more certain that future capital gains – thus a “bird in the hand is worth more than two in the bush”. Gorden contended that the payment of current dividends “resolves
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Cat’s cradle By: Kurt Vonnegut 1. Kurt Vonnegut‚ Jr. was a prolific and genre-bending American author. The novelist known for works blending satire‚ black comedy and science fiction‚ such as Slaughterhouse-Five (1969)‚ Cat’s Cradle (1963)‚ and Breakfast of Champions (1973). Vonnegut was a productive writer as well as a designer. His first short story‚ "Report on the Barnhouse Effect" appeared in February 11‚ 1950. His first novel was the novel Player Piano (1952)‚ in which human workers have
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The History of Rock and Roll – By Berkley Shofner Rock and roll is a genre of popular music that originated and evolved in the United States during the late 1940s and early 1950s‚ primarily from a combination of predominantly African-American genres such as blues‚ boogie woogie‚ jump blues‚ jazz‚ and gospel music‚ together with Western swing and country music. Though elements of rock and roll can be heard in blues records from the 1920s and in country records of the 1930s‚ the genre did not acquire
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Geo Factsheet September 1996 Number 1 International Tourism International tourism is a common feature of many modern geography syllabuses and examination questions tend to focus on three main issues. 1. The size and nature of international tourism‚ including reasons for its variable rate of growth in different parts of the world. 2. The advantages and disadvantages of developing an international tourist industry. Here candidates need to be able to analyse tourism’s intertwined impacts
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there is a way to evade the consequences. But screw your courage to the sticking-place‚ And we’ll not fail. —Lady Macbeth challenges Macbeth to commit to the plan to murder King Duncan. Is this a dagger which I see before me‚ The handle toward my hand? —On his way to murder King Duncan‚ Macbeth sees the vision of the bloody dagger leading the way. Had he not resembled My father as he slept‚ I had done’t. —Lady Macbeth‚ worried that Macbeth will fail to murder King Duncan‚ reveals a weakness
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experiences In Slaughterhouse Five and Cat’s Cradle‚ in order to make the novels‚ which are frequently deemed ludicrous‚ more realistic and to answer problematic queries that have risen up in his past. In Slaughterhouse Five‚ Vonnegut‘s experience in World War II‚ a prisoner of war forced to witness the Allied forces’ firebombing of Dresden‚ is the essence of the novel‚ while Vonnegut’s great distaste for war and his mother’s suicide are greatly personified in Cat’s Cradle. Both of Vonnegut’s novels reflect
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RULES GOVERNING SHIPMENT BY SEA: HAGUE RULES‚ HAGUE-VISBY RULES AND HAMBURG RULES The nature of the Hague-Visby Rules was discussed by the House of Lords in The Hollandia [1983] AC 565 (HL). The plaintiffs (shippers) shipped a piece of road-finishing machinery on board a Dutch vessel‚ ‘The Morviken’‚ belonging to the defendant carriers to Bonaire in the Dutch West Indies. The bill of lading issued in England limited the carriers liability to Dutch Florins 1‚250 ($250) which was less than the 10
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Why I am Returning to School Sharon Hannum American Sentinel University It is important for me to return to school so that I may maintain my role as a Program Director at both Bryn Mawr and Paoli Hospitals wound healing and hyperbaric centers. Several years ago our hospital system‚ Main Line Health‚ decided that the Magnet© distinction would elevate our standings amongst the tri-state regional hospital systems. This project was four
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THE INCHCAPE ROCK The “Inchcape rock” is based on the idiom “you will reap what you sow”‚ “tit for tat”‚ “what goes around comes around” and the like. If you sow happiness‚ you will get happiness and if you sow sadness‚ you will get sadness indeed. This is in fact the rule of nature. Inchcape rock near the coast of Scotland is actually the central theme of this essay. This particular rock in Scotland is a huge and perilous rock which can be noticed in hot and sunny days but a ship could meet
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gender. She avoided urban and street scenes as well as the nude figure and‚ like her fellow female Impressionist Mary Cassatt‚ focused on domestic life and portraits in which she could use family and personal friends as models. Paintings like The Cradle‚ in which she depicted current trends for nursery furniture‚ reflect her sensitivity to fashion and advertising‚ both of which would have been apparent to her female audience. Her works also include landscapes‚ portraits‚ garden settings and boating
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