CHAPTER 1 1.1Meaning and Definition MEANING: Stock Exchange also called stock market. It is a market place where securities are bought and sold. It is an organized market for buying and selling corporate securities. Like any other centralized market‚ stock market facilitates buyers and sellers to do business at the fairest price. As public is not admitted to the trading floor‚ business has to be done through registered brokers. A stock exchange is the central place or market where industrial
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In a world where non-linearity and randomness are the norm‚ the capital asset pricing model (CAPM) is widely accepted despite it being a linear model‚ and this is probably due to the simplicity of the model and its pre-computer age birth (see equation below). A well recognized and utilized metric in finance is beta (β)‚ which is the slope in the linear CAPM. To derive β one simply plots the returns (capital gains plus dividend yields) of an individual stock (y-axis) against the returns of a well
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company.Section 157 of the Act specifically emphasises that directors are required to act honestly and use reasonable diligence in carrying out their duties.The actual skill and experience an individual director possesses is often used as a yardstick to determine the standards that are expected of him. For instance‚ if a director possesses a higher degree of qualifications or skills‚ he will be judged by how he applies such knowledge and skills. To not misuse power and information a) To not misuse power
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Hedge Fund A Hedge Fund is a portfolio of investments hoping to reduce the risk of investment and expanding the maximum return an investment could bring. A firm instead of individuals usually manages it. Usually‚ hedge funds are only offered to a number of investors and requires a large amount of initial minimum investment‚ it’s usually 1 million dollars in the USA. Adding on‚ investors are usually required to keep their initial investment in the fund for at least a year. Hedging is usually
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| Qantas Airways | Growth Strategy Report | | | | Jin Ju ID: 213016540 Letter of Transmittal To Dr. Shrimal Perera: Department of Accounting and Finance‚ Room 3.43‚ Building H‚ Caulfield Campus‚ Monash University‚ 23th May‚ 2011. Dear Board of Directors: A copy of the Growth Strategy Report for Qantas Airways is attached. The report has evaluated Qantas Airways’ performance in past five years with a view to recommended a financially justified strategy for a strategic
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Ethos‚ Examples‚ and Tone: Critical Analysis of Stedman’s “Annoying Ways People Use Sources” In “Annoying Ways People Use Sources‚” Kyle D. Stedman (2011)‚ an assistant professor of English at Rockford University‚ argues about how writers often fail to utilize sources properly by using quotations‚ citations‚ and references in an inappropriate manner which might displease readers‚ and also states several ways to rectify such mistakes. Stedman says that if a writer does not follow the standard conventions
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PENSION FUNDS A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees‚ called a corporate plan or private plan. • A federal‚ state‚ and local government on behalf of its employees‚ called a public plan. • A union on behalf of its called a Taft-Hartley plan. • An individual‚ called an individually sponsored plan. Two
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Online Homework (“Moodle”) To use Moodle: 1. Go to http://homework.chem.uwm.edu/login/index.php 2. Enter Username: your Panther ID Password: your epanther password (just like entering D2L) 3. Complete your profile using local server time and click update. At the next page click the homework button to get to the classes. Please sign in with your official name (full first and last name)‚ no nick names or pseudonyms!!! To join our class: 1. Click on your lecture: Chemistry 100; Spring
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process very large amounts of data very quickly. They are particularly useful for occasions where high volumes of calculations need to be performed‚ for example in meteorological or astronomical applications. 1.2 A mainframe computer system uses a powerful central computer‚ linked by cable or telecommunications to terminals. A mainframe has many times more processing power than a PC and offers extensive data storage facilities. Mainframes are used by organisations such as banks that have
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Kenya’s Pension Fund Industry amounts to approximately KShs 200 billion reference‚ or the equivalent of 23% of Gross Domestic Product (GDP). These funds are currently operated by statutory contributions under National Social Security Fund (“NSSF”)‚ sponsor-led schemes and individual Retirement Benefit Schemes reference. | These pension funds are established by employers to facilitate and organize the investment of employees’ retirement funds contributed by both the employers and the employees
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