Chapter 1: Bond Prices‚ Discount Factors and Arbitrage 1. Use this list of Treasury bond prices as of January 15‚ 2013 (which should be taken as the current date for all the questions below except for question 7) to derive the discount factors for cash flows to be received in 0.5‚ 1‚ 1.5 and 2 years. Bond Price 6.0s of 7/15/13 102-15+ 5.0s of 1/15/14 103-7 3/4 8.0s of 7/15/14 107-24 4.0s of 1/15/15 100-23 1/2 Answer: (a) To find d(0.5) The equation from the 6.0s of 15 July
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A balance sheet‚ like a photo‚ provides a financial picture of a company on a given day and time. It categorizes all of a company’s resources as assets‚ all of its debts as liabilities‚ and all of the owner’s investments as equity. A company uses its assets‚ such as accounts receivable‚ inventory‚ and equipment‚ for manufacturing or purchasing products for sale or to provide a service. A company’s assets are financed by its liabilities (debt) and the owner’s equity (net worth). On a balance sheet
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The COE is comprised of eight variables: Political‚ Military‚ Economic‚ Social‚ Information‚ Infrastructure‚ Physical Environment and Time (PMESII-PT). (REF) With Air Defense Artillery (ADA) being a branch that constantly deploys it is vital to instill these variables which allows for realistic and challenging training conditions to happen. However‚ in order for this to even occur the culture consideration of the country must be evaluated in order for those variables to be implanted which ultimately
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in regards to their four basic paper product lines. It will show the cost and price data for the next fiscal quarter‚ plus showing the contribution margins per unit and the revisions. The paper will include the break-even point for sales mix along with the margin of safety for the estimated sales volume of the original estimates and the revised estimates as well. Lastly‚ it will address Herbert’s concern about the variable cost of the place mats. Original Estimated Contribution
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or A Fixed Mindset? According to Dweck’s research‚ “Intelligence is something that can be cultivated through effort and education” (1). Carol S. Dweck Professor of Psychology at Stanford University studies about different mindsets in her book‚ Mindset: The New Psychology of Success. She studies two different mindsets one called fixed‚ and the other called the growth. She also discusses how parents praising their children can be traumatic. Through her research‚ she found those with fixed mindsets
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the Asian crisis. Therefore as a manager we see that the position of the foreign exchange depends on how strong the country’s international trade is. There are more of exports as compared to imports in addition to other inflows like investment by foreigners of the country. We also came to know that the government has to incur the cost for holding such reserves. Balance of Payments Balance of Payment is a systematic record of all
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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Accounting Principles are the rules based on which accounting takes place and these rules are universally accepted. Explain the principles of materiality and principles of full disclosure. Explain why these two principles are contradicting each other. Your answer should be substantiated with relevant examples. (10 Marks) 2. Explain any two types of errors that are disclosed by trial balance with examples and rectification entry. Note - Avoid giving examples given in the self learning material. (10
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period at 2.40% + 1.30% = 3.70%.. 11. Answer the below questions. (a) What is the advantage of a call feature for an issuer? Inclusion of a call feature benefits bond issuers by allowing them to replace an old bond issue with a lower-interest cost issue if interest rates in the market decline. A call provision effectively allows the issuer to alter the maturity of a bond. The right to call an obligation is included in most loans and therefore in all securities created from such loans. This is
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Topic: Some people believe that there should be fixed punishments for each type of crime. Others‚ however‚ argue that the circumstances of an individual crime‚ and the motivation for committing it‚ should always be taken into account when deciding on the punishment. Discuss both these views and give your own opinion. Nowadays‚ many people are debating for whether we should fix punishment for each type of crime or not. And this becomes a very hot issue. There are so many arguments
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