Finance journal homepage: www.elsevier.com/locate/jbf The impact of bond rating changes on corporate bond prices: New evidence from the over-the-counter market Anthony D. May * Price College of Business‚ University of Oklahoma‚ 307 West Brooks‚ Norman‚ OK 73019‚ USA a r t i c l e i n f o a b s t r a c t I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade)
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FUNDAMENTALS The interest rate or required return represents the cost of money. It is the compensation that a supplier of funds expects and a demander of funds must pay. Usually the term interest rate is applied to debt instruments such as bank loans or bonds‚ and the term required return is applied to equity investments‚ such as common stock‚ that give the investor an ownership stake in the issuer. In fact‚ the meaning of these two terms is quite similar because‚ in both cases‚ the supplier is compensated
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out to calculate the percentage yield of the salt formed. The percentage yield is the percentage of purity of the product that we want and the actual yield is always less than the theoretical value as there are many factors to affect the purity of the product such as environmental factor‚ systematic error‚ random error and others. Therefore‚ it is very hard to get a 100% yield throughout the experiment. Objective: To make a salt and to calculate the percentage yield of the salt. Reagents & Apparatus:
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Chapter # 1 Introduction to Course: Small Business & Entrepreneurship CONTENTS What is small business? What is special about small businesses? What is entrepreneurship? What resources support entrepreneurship and business development? 2 What Is “Small Business”? Independently owned and managed business that does not dominate its market. Committee for Economic Development Owner manages company directly (independently) Capital supplied by one individual or a small group Area of
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Together Forward Annual Report 2011 Reports and Consolidated Financial Statements for the year ended 31 December 2011 167 million Aggregate Subscribers Table of contents: 1. 2. 3. 4. 5. 6. Business Overview Chairman Statement Board of Directors and Executive Committee Chief Executive Officer Statement Operational Highlights 2011 Management Review • Group Commercial Initiatives • Etisalat UAE • International Operations • Network • Etisalat Services Holding • Human Capital 7. Corporate
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Stocks versus Bonds: Explaining the Equity Risk Premium Clifford S. Asness From the 19th century through the mid-20th century‚ the dividend yield (dividends/price) and earnings yield (earnings/price) on stocks generally exceeded the yield on long-term U.S. government bonds‚ usually by a substantial margin. Since the mid-20th century‚ however‚ the situation has radically changed. In addressing this situation‚ I argue that the difference between stock yields and bond yields is driven by the long-run
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Booker T. Washington’s Strategies: focused on having education for real life jobs and not asking for equality from the whites. He just focused on getting help from the whites and accepting their place as blacks on earth. WEB Dubois Strategies: WEB Dubois focused on the exact opposite things that of Booker T. Washington. Dubois focused on a strategy called the gradualist political strategy. The gradualist political strategy tells that Dubois was very focused on blacks being book smart to get
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Continuing Process INT - Task 1 Understanding Genetics a Timeline of DNA Science ● ● ● ● ● ● 1700’s - it is believed that all traits are acquired. Example - a giraffe has a long neck due to stretching to reach the leaves in the taller trees. 1800’s - Carl Linnaeus classified by visible traits. 1866 - Gregor Mendel‚ through pea plant breeding and research; discovered that traits are inherited not acquired- before anyone knew or understood anything about “genes”. He published what he discovered as the
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Food comes first In 2009‚ the number of hungry people on our planet was about one billion. No matter how we try to put it in words that anyone can understand – one out of every six human beings is hungry‚ a child dies of hunger every six seconds – it remains almost impossible to conjure up a mental image of what hunger looks like at that scale. In May 2010‚ FAO initiated its “1billionhungry” campaign‚ which features an online anti-hunger petition. Its goal: to bring this untenable situation
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1. FS as a tool in decision making on the point of view of: a. Shareholders Financial statements provide a view on the company’s financial changes within a specific reporting period and confirm its overall state. They give information such that they provide shareholders with a picture of how well the company is doing. These enable them to evaluate a stock’s worth and aid them in making stock-related decisions such as buying/selling/retaining which provide them further on the status of their
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