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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relationship between oil price shocks‚ stock returns and other macroeconomic variables. Sadorsky (1996) explained that high oil prices reduced output and increased inflation in 1970’s and early 1980’s falling oil prices boosted output and lowered inflation particularly‚ in the U.S in the mid to late 1980’s. Oil price shocks and aggregate stock returns are important macroeconomic variable in the open economy‚ because high oil prices tend to show how vibrant a stock market is because it helps to attract
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THE CONS OF THE NIGERIAN ECONOMY Nigeria boasts one of the fastest-growing economies in the world‚ with Gross Domestic Product growth rates above 6% every year since 2003. Home to more than 170 million people‚ it is the most populous country in Africa and the seventh most populated country in the world. The United Nations has projected its population could rise into the top three by 2050‚ potentially overtaking the United States. Unfortunately‚ Nigeria also has a tragic history of conflicts and
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ISSN: 2319–2828 Vol. 2‚ No.1‚ February 2013 Rise of BRICS Economy and its Impact on Global Stock Markets Naganathan Venkatesh Research Scholar‚ NITTTR‚ Chennai‚ India Abstract The world is changing and becoming increasingly multipolar due to the emergence of China‚ India‚ Russia‚ Brazil and South Africa forming so called BRICS. The global influence of America is fading out due to the recent decline in their stock market and the emergence of other markets. The framework of the global economy
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Being an exchange student has given me the chance to now spread out my opinions of a foreign country. And this may catch the attention of those who are also deciding upon taking the same sweet challenge‚ just as I did. I consider someone lucky when he or she gets the opportunity to live a fascinating experience one year abroad. I had the chance to live this experience in a little town called Horton‚ located in Alabama. An experience like this forces you to live so many different moments I was surrounded
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yield on junk bonds is lower than the yield on AAA-rated bonds because of the higher default risk associated with junk bonds. Answer True False 1 points Question 4 In general‚ interest on bonds‚ like dividends on preferred stock‚ may be deferred until a later date at the discretion of management‚ making debt financing more appealing to corporate managers. Answer True False 1 points Question 5 Restrictive provisions in bond indenture agreements are designed
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price—of a stock depends on the volatility of the stock market in general. For example‚ consider the following variables pertaining to Amazon stock: AMZN = the fractional change in the price of Amazon stock on a day‚ MKT = the fractional change in the market on that same day. The data file Amazon.xls contains 503 historical values of these two variables; thus‚ for example‚ the first value of 0.005193 for AMZN and −0.01003 for MKT means that‚ on that particular day‚ the price of Amazon stock increased
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’THE WORLD IS NOT ENOUGH’: How Nigerian Folk Poem‚ ’Hunger’ reflects the Nigerians’ Life By : Asvergi Varativoni 112011033 Nigerian folk poem‚ hunger‚ reflected a socio-cultural issue of how Nigerians live their life in poverty. It could be seen clearly in every single line of the poem. Let’s take a closer look to the lines. The title‚ ’hunger’ itself could mean two things. Literary hungry‚ a feeling that you need food to fill in your stomach; and it could also mean a desire to get something
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NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE CODE:-LAW 212 COURSE TITLE:- Nigerian Legal System II LAW 212 NIGERIAN LEGAL SYSTEM II Course Code Course Title Course Developer/Writer Course Editor Law 212 Nigerian Legal System II G. I. Oyakhiromen Ph.D‚ BL National Open University of Nigeria Professor Justus A. Sokefun National Open University of Nigeria G. I. Oyakhiromen Ph.D‚ BL National Open University of Nigeria Mr. Ayodeji Ige LL.B‚ MA‚ ACLS National Open University of Nigeria
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Data communications systems and ICT innovations (Section 2) In your own words‚ answer the following questions based on your notes‚ research and classroom discussions. You may require to use external sources to support your discussion. Please reference such external resources accordingly. In your own words‚ discuss at least six examples of the benefits to organisations of computer networks over conventional communication methods. (6) The beneits to organisations of omputer
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