RISK-ADJUSTED DISCOUNT RATES and LIABILITY BETA RUSSELL E. BINGHAM T H E H A R T F O R D FINANCIAL SERVICES G R O U P Table of Contents Page 2 3 5 7 8 11 12 13 14 14 15 16 17 17 18 Subject Abstract 1. Summary 2. Total Return Model 3. After-Tax Discounting 4. Derivation of Risk-Adjusted Discount Rate and Liability Beta Figure l : Baseline Risk / Return Line vs Leverage 5. Liability Beta Figure 2: Equity vs Liability Beta Figure 3: Equity Beta vs Risk-Adjusted Discount Rate (After-Tax)
Premium Net present value Time value of money Cash flow
Research Paper-What would you do to make a better world? Eliminate Discrimination against People with Disabilities Laura Rodriguez Romero To make a better world I would try to change how people with physical and intellectual disabilities are treated and perceived. I work toward a world in which they are celebrated instead of marginalized. My hope is that people with disabilities will be welcomed to share the unique gifts they have to offer. My dream is that people with disabilities become a vital
Premium Disability Social model of disability Mental disorder
accepted a job as a VP in a Seoul‚ South Korea with SK Telecom. Ms. Myers had what seemed to be all of the right credentials on paper that would make her the ideal candidate for a foreign assignment‚ except one‚ she was female. Although she realized initially that the agency contacting her for the assignment referred to her as “Mr.”‚ she pressed on and assumed it was a simple mistake‚ however‚ her experience would be reflective of this later as she reflects on her choice to accept the assignment
Premium South Korea Korean language Korea
I thought the film seemed much longer‚ but reading the play it felt like a faster pace to me‚ because I was in more control of how I read it‚ and that I was more engaged in the story‚ wanting to know what happens next! But watching the film‚ I already know‚ so I knew what was coming‚ but the film did show a great portrayal of the story. After reading the play‚ the part of the film I was satisfied with was Walter was intense just like I imagined. I also was satisfied with the end of the movie how
Premium Love The Play Play
WORLD WITHOUT EDUCATION The natural‚ human activity we know as learning becomes comodified and is therefore made scarce‚ regardless of whether one actually pays money for instruction. Learning then has to be acquired - at school‚ at home‚ on the job‚ through an apprenticeship‚ over the Internet‚ on TV‚ via the news media. To reject education means to reject our own minds. To ask what is wrong with the idea of education‚ then‚ is to ask what is wrong with modern economic society. It is really difficult
Premium Ethics Mass media Causality
1. How would you evaluate the capital budgeting method used historically by AES? What’s good and bad about it? “When AES undertook primarily domestic contract generation projects where the risk of changes to input and output prices was minimal‚ a project finance framework was employed.” Usually‚ project finance framework is used when the project has predictable cash flows‚ which can easily represent operating targets through explicit contract. When cash flows are certainty‚ the company can have
Premium Finance Weighted average cost of capital Debt
What the World Would be like if Sugar Didn’t Exist The world is an extraordinary place. It is made up of many different things. One of those many things being something that appears in our daily life. In fact‚ it appears as well as it is consumed several times a day. This thing is everywhere in the world and in every single country‚ no matter how filthy rich or how raggedly poor. It is needed every day. It comes in a massive number of different shapes‚ sizes‚ colours and forms. Can you guess what
Premium Life Food Caffeine
Many factors have influenced the rising crime rate‚ some being‚ increasing use of drugs‚ increasing population‚ and decreasing morals. America must find ways to decrease the crime rate legally. One question often going hand in hand with decreasing crime rate is would legalized gambling decrease the crime rate? During the late 1980’s and early 1990’s slow economic growth‚ cuts in federal funding‚ and growing public needs forced state and local governments to seek additional sources of revenue
Premium Gambling Problem gambling Casino
heavy license fee for providing mobile services. To recover such huge license fee‚ mobile operators had no choice but to keep very high tariff rates. Thus‚ the growth of cell phone services was sluggish in the first few years due to high price of handsets and high tariff structure. An average handset was costing around INR 15‚000; outgoing and incoming call rates were INR 16/minute and INR 8/minute respectively. Because of these reasons very few customers at that time were willing to jump on to a new
Free Mobile phone
sinful‚ they corrupt the very foundations of what each religion is trying to teach - usually good things. Ultimately‚ it is not in carrying out the rituals and rights of religion that is important‚ it is through a personal relationship (not religion) with Jesus Christ that a person can come to know his or her true purpose. If everyone stopped practicing true religion and listened to the one true God‚ then asked forgiveness through his son‚ there would no longer be a desire for the pagan traditions
Premium Religion