29) All of the following features may be characteristic of preferred stock EXCEPT A) callable. B) no maturity date. C) tax-deductible dividends. D) convertible. Answer: c If a firm has class A and class B common stock outstanding‚ it means that A) each class receives a different dividend. B) the par value of each class is different. C) the dividend paid to one of the classes is tax deductible by the corporation
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3 1.7 Scope of the study. 3 1.8 Limitation of the study 4 CHAPTER TWO 4 LITERATURE REVIEW 4 2.1 History of the NSE 4 2.2 The role of the Nairobi Securities Exchange 6 2.3 ARCH model 7 2.5 GARCH model. 8 2.6 EGARCH model. 9 2.7 Indices study for the Nairobi Securities Exchange and the New York Securities Exchange. 10 2.7.1 Index calculation methodology 10 2.7.2 Index formula. 11 2.7.3 computational precision. 11 2.7.4 Data correction policy 12 CHAPTER THREE 13 RESEARCH
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The 1967 Referendum was an extremely momentous event for Indigenous Australians; it signified that legal discrimination towards Aborigines would end soon‚ and promised full and equal citizenship to them. The Referendum not only affected their rights and freedoms‚ but also indicated that the nation was prepared to embrace Indigenous people as a part of their society and culture. On May 27th 1967‚ the Holt Liberal government held a referendum to determine whether or not two sections of the Constitution
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Stock exchange A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks‚ bonds‚ and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments‚ and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies‚ unit trusts‚ derivatives‚ pooled investment products and bonds. To be able to trade a security
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It appears that both riots occurred because of the discrimination against the black communities‚ the Detroit 1967 Riot was because of the unnecessary raids on the black communities‚ more specifically the bar where it all began and the Los Angeles 1992 riot was due to the police officers that were acquitted in the beating of Rodney. Even though the bar was unlicensed‚ the black communities felt that they’ve had enough of the police brutality as well as the racism and discrimination against them. The
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Abstract Nowadays it is a key issue to forecast the stock market. Forecasting stock market depends on forecasting the volatility by different linear or non-linear models. The volatility of asset returns is time-varying and predictable‚ but forecasting the future level of volatility is very difficult. Hence‚ in this study we have provided a simple‚ yet highly effective framework for forecasting a stock market by considering the transition probability and long run probability of different classified
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such as banks deals in short term loan in different forms such as treasury bills and commercial bills. Short term loan means the duration of maturity is of one year or less than that. We need to be clear that equity instrument i.e common or preferred stocks both are not traded in money market. Similarly‚ we need to keep one thing in mind that money market is a intangible market where we deal over the phone or company‚ we just don’t enter the building of a company. Likewise‚ Capital market refers to
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Aspin Corporation’s charter authorizes issuance of 2‚000‚000 shares of common stock. Currently‚ 1‚400‚000 shares are outstanding‚ and 100‚000 shares are being held as treasury stock. The firm wishes to raise $48‚000‚000 for a plant expansion. Discussions with its investment bankers indicate that the sale of new common stock will net the firm $60 per share. a. What is the maximum number of new shares of common stock that the firm can sell without receiving further authorization from shareholders
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Justin Taglianetti and I decided to construct a simulation of the Sydney Harbor Bridge located in Sydney‚ Australia. Our bridge‚ opened in 1923‚ is a steel arch bridge that is connected at the helm by two towers. It has hinges on both ends to allow for expansion and contraction of the steel during times of heat and cold. This prevents the bridge from collapsing in on itself and permits the eighteen centimeters of size change during a normal day. On our bridge model‚ we changed the idea of it being
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Overview Sydney Carton (1755-1793) was an alcoholic‚ the namesake of Sydney Darnay‚ and an English lawyer largely recognized for being the former legal partner of Mr. Stryver. In March of 1780‚ the duo won an infamous case in which the accused Charles Darnay was found innocent‚ due to unease over his uncanny physical likeness to Carton. Following this initial contact‚ Carton became acquainted with the Manette family‚ who had served as witnesses in the trial. Though relations between the parties were
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