WORLDCOM‚ INC: CORPORATE BOND ISSUANCE Introduction This case raises many interesting questions concerning the record setting issuance of corporate debt by WorldCom‚ Inc. (“WorldCom”). Both the surprisingly voluminous structure of the proposed issuance and the foreboding macro-economic climate in which it was slated spark concerns over the risk and cost of the move. One of the first questions that must be addressed is whether WorldCom’s timing was appropriate. Next‚ the company’s choice of
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Corruption of Running a Bail Bonds Business As early as 1912 – over one hundred years ago – critics were concerned that poor people remained in jail while awaiting trial solely because of their inability to pay even small bail amounts‚ that bail bondsmen had become too prominent in the administration of justice and that corruption plagued the industry. The Justice Policy Institute (JPI) feels that the bail bonding industry stands in the way of fair and effective pre-trial justice with much backed
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How do ionic bonds form? Transferring the electron forms an ionic bond. After transferring the electron‚ the two atoms become ion n will attract together because they have the opposite charges. Then an ionic bond is formed. How do covalent bonds form? A covalent bond is for sharing of electrons. I remember it like co-existing electrons to share (Eg H20). It is usually between two non-metals. Which compound‚ sugar or salt‚ is a better conductor of electricity? Explain your answer. Salt
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There are no simple or perfect relationships between mothers and daughters. Relationships are a delicate balance between the love and emotions of two individuals. They are ever changing and evolving‚ and are each unique as the people in them. Amy Tan’s novels offer an inside glimpse into several intricate mother daughter relationships. Her characters suffer hardships as well as times of joy. There are many similarities in the mother and daughter relationships in the books by Amy Tan. One of the
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STRICTLY PRIVATE AND CONFIDENTIAL Singapore: Loan vs. bonds in the banking books 504‚ Morya Classic‚ Off New Link Road‚ Andheri (W)‚Mumbai‚ India - 400053 Singapore: Loan vs. bonds in the banking books ______________________________________________________________ Characteristics of corporate loans1 Loan growth2 Total outstanding loans and advances issued by Domestic Banking Units (DBU) stood at SGD 393 billion as of April 2012 with a 20.5% Y-o-Y increase. Total outstanding loans and
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molecular oxides on the right. Sodium peroxide‚ magnesium oxide and aluminum oxide are metallic oxide which have high melting and boiling point compared to other period 3 oxide. This is due to their giant ionic structure and the strong ionic bond. Strong ionic bond in the molecule need more energy to overcome it. Therefore‚ the more energy required‚ the higher the melting and boiling point. Aluminum oxide will have higher melting and boiling point than magnesium oxide because Al3+ ions having
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In the case of bankruptcy‚ bonds generally provide more safety than stocks. You can read more about why here. Bonds vs. Stocks: Lender vs. Shareholder When you buy a stock‚ what you are buying is a small piece (or a large piece if you are someone like Warren Buffet!) of ownership in a company. As an owner you have special privileges‚ including the ability to vote on matters that affect the future of the company. More importantly however‚ is the fact that as a stockholder you have the right to
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The First Willing Victim “Mrs. Hutchinson‚ you are called here as one of those that have troubled the peace of the commonwealth and the churches here. You are known to be a woman that hath had a great share in the promoting and divulging of those opinions that are causes of this trouble…” These are some stone hard words that John Winthrop spoke to/about Anne Hutchinson on her first trial day. While‚ he was speaking these harsh words that day it is said that Anne stood listening to the charges without
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for X and Y. Year X Y 1 8% 16% 2 21 38 3 17 14 4 -16 -21 5 9 26 2) You bought one of the Great White Shark Repellant Co’s 8 per cent coupon bonds one year ago for $1030. These bonds make annual payments and mature six years from now. Suppose you decide to sell your bonds today ‚when the required return on the bonds is 7 per cent .If the inflation rate was 4.2 per cent over the past year ‚what was your total real return on investment ? 3) A stock has had returns of 3 per cent
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of a zero coupon bond which pays $1 in half-year n. In the next two columns there are the cash flows of two bonds‚ A and B. Essentially‚ bond A pays a 20% semi-annual coupon and bond B pays a 10% semi-annual coupon. Both bonds mature in 2.5 years‚ when each also pays its principal of 100. Assume semi-annual compounding. Half Year 1 2 3 4 5 n Bond A Bond B .95 .91 .87 .80 .70 10 10 10 10 110 5 5 5 5 105 A. Calculate the price of each bond assuming there are
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