Harvard Business School 9-297-052 Rev. July 12‚ 1997 USG Corporation On May 2‚ 1988‚ USG Corporation‚ the world’s largest gypsum producer‚ announced that the board of directors had approved a recapitalization plan. According to the plan‚ USG would exchange each outstanding share of common stock for $37.00 in cash‚ $5.00 in stated face amount of 16% junior subordinated pay-in-kind debentures‚ and one share in the newly recapitalized company. Robert Day‚ USG’s Chairman and CEO‚ said the
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The European Union (EU) is a family of democratic European countries‚ committed to working together for peace and prosperity. It is not a state intended to replace existing states‚ but it is more than any other international organization. The EU is‚ in fact‚ unique. Its member states have set up common institutions to which they delegate some of their sovereignty so that decisions on specific matters of joint interest can be made democratically at European level. This pooling of sovereignty is also
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the cornerstone of any structure for sustainable development of any nation. It is a fulcrum around which the quick development of economic‚ political‚ sociological and human country revolves. In Nigeria‚ the demand for popular education is so high because education is not only an investment in human capital‚ but also pre-requisite as well as correlated for economic development (Adeyemo 2000). The belief that education is an engine of growth rests on the quantity and quality of education in any
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their link to economic development. The financial institutions and services are changing rapidly. A course that merely describes the existing institutions and services will not prepare you for the change. Thus you must familiarize yourself with the services available in the industry today and understand why they are the way they are and why they are changing. An Indian perspective will be given. Course Contents: Module I: Financial Services Role of Financial Services in economic development
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The Journal of Applied Business Research – January/February 2009 Volume 25‚ Number 1 The Evolution Of Islamic Finance In Southeast Asia: The Case Of Malaysia (1) Rika Nakagawa‚ Institute of Developing Economies‚ Japan ABSTRACT The purpose of this paper is threefold: to explain why the Islamic financial system was introduced in Malaysia; to outline how the Malaysian government has promoted this system; and to analyze the development of the Islamic financial system with a specific focus
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Theories of Decision Making The Rational Comprehensive Model The rational comprehensive model is based on the reasoning of economists‚ mathematicians‚ and psychologists. It assumes that the decisionmaker can identify the problem‚ that the decisionmaker’s goals‚ values‚ and objectives are clear and ranked in accord with their importance‚ that alternative ways of addressing the problem are considered‚ that the cost and benefits or advantages and disadvantages of each alternative are investigated‚ that
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Universal and variable life policies both include cash value components‚ through earnings from interest or mutual funds‚ respectively‚ which increase the cost of insurance coverage. These policies also tend to have high insurance‚ investment and administrative expenses‚ which add to their cost. The option to skip the premium payment on universal life or
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Vysoká škola ekonomie a managementu 12-29-2010 Erasmus Programme European Economic Integration Lecturer: Petr Vymetal Student: Pia Kaindl Norway and the European Union Vysoká škola ekonomie a managementu 12-29-2010 Erasmus Programme European Economic Integration Lecturer: Petr Vymetal Student: Pia Kaindl Structure of the text 1. Introduction 2. History till 1981 3 Norway - An Overview 3.1 Economical 3.2 Political 4 Bilateral Trade Agreements 5 Battle with the
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In H. Kent Baker and Leigh A. Riddick (eds.) Survey of International Finance‚ Oxford University Press‚ 2012 2 A Primer on Exchange Rate Behavior JAMES R. LOTHIAN Distinguished Professor of Finance‚ Fordham University M A R K P. T A Y L O R Dean‚ Warwick Business School; Professor of Finance‚ University of Warwick Introduction An exchange rate is the relative price of one country’s money in terms of another. What is being exchanged as money has varied over time with the particular
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Class Notes – Ch 7 Risk‚ Reward and the CAPM Rational investors expect returns as a reward for taking risk. Returns are usually expressed as a performance number- either as a $ return or as a percentage. Therefore we need to be able to measure the level of risk inherent in a potential investment‚ and we also need to be able to calculate the expected return for that risk. Risk is not achieving the return that is expected We measure risk by calculating variance and standard deviation – these show
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