as a general rule‚ an agreement without consideration is void unless it is registered under the law (if applicable) and expressed in writing as well as is made on account of natural love and affection between partiers standing in a near relation to each other. Consideration is defined in section 2(d) of the said Act as: ‘When at the desire of the promisor‚ the promise or any other person has done or abstains from doing or promises to do or to abstain from doing something‚ such act or abstinence or
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Question 1 When you retire 40 years from now‚ you want to have $1.2 million. You think you can earn an average of 12 percent on your investment. To meet your goal‚ you are trying to decide whether to deposit lump sum today‚ or to wait and deposit a lump sum 2 years from today. How much more will you have to deposit as a lump sum if you wait for 2 years before making the deposit? A)$1414.14 B)$2319.47 C)$2891.11 D)$3280.78 E)$3406.78 Question 2 Samantha opened a savings account this morning
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common stock l) the market price of preferred stock m) years until a bond matures n) yield to call o) yield to maturity 3) Define a) firm specific risk b) market risk c) portfolio 4) How is the dollar amount of interest paid to bondholders each year calculated? 5) In a corporation‚ who owns the residual claim on cash flows? 6) Rank investments by their coefficient of variation 7) What do specialists and/or market makers contribute to financial markets? 8) What is an indenture? 9) What
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Week 2 Sources of Finance 1) Introduction It was explained in week 1 that this week’s lectures will focus primarily on institutions that provide finance. Finance has been defined by Chadwick and Kirkby (1995‚ p 38) in their book Financial Management (first edition‚ publisher Routledge) as a “system of costs and risks”. As we will see throughout the course‚ the notion of risk from an investor’s point of view is related to whether there is the accrual of the financial returns that are anticipated
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flows. Which of the following would lower the calculated value of the investment? a. The cash flows are in the form of a deferred annuity‚ and they total to $100‚000. You learn that the annuity lasts for only 5 rather than 10 years‚ hence that each payment is for $20‚000 rather than for $10‚000. b. The discount rate increases. c. The riskiness of the investment’s cash flows decreases. d. The total amount of cash flows remains the same‚ but more of the cash flows are received in the earlier
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You will be spending a tremendous amount of time‚ effort‚ and resources completing your course work. To help focus your investment and to assist me in learning more about your interests and motivations‚ I ask you to complete the following questions. Read over the course syllabus first‚ take your time‚ think carefully about your answers‚ and write in complete paragraphs. All responses are confidential. Tell me about yourself 1. Please tell us a bit about yourself (name‚ hometown‚
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3209AFE INTERNATIONAL FINANCE Tutorial 5 Answers Chapter 10 10. Translation Exposure. Consider a period in which the U.S. dollar weakens against the euro. How will this affect the reported earnings of a U.S.-based MNC with European subsidiaries? Consider a period in which the U.S. dollar strengthens against most foreign currencies. How will this affect the reported earnings of a U.S.-based MNC with subsidiaries all over the world? ANSWER: The consolidated earnings will be increased
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The University for business and the professions MSc Degree in Shipping‚ Trade and Finance MSc Degree in Supply Chain‚ Trade and Finance MSc Degree in Energy‚ Trade and Finance Cass Business School Module Code SMM586 Exam title Corporate Finance Full/Part time Date 1st May 2013 Time 10.00 -13.00 Division of Marks: Section A carries 36 marks‚ Section B carries 28 marks and Section C carries 36 marks. Instructions to students: Students should answer TWO questions
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1. Why has the stock price fallen despite the fact that net income has increased over the periods under review? The stock price has fallen because the shareholders were worried about increasing debts and liabilities‚ that adding two manufacturing factories created and because of how much excesses inventory was created. Both of these changes would result in interest change of 44‚000 to 155‚000 that the company would have to pay‚ that impact on the company’s future earnings hurts the company’s image
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HND in Finance Unit: Managing financial resource and Decisions Assignment: A Pizza Hut Franchise Compiled by: Binh Truong‚ MSc. Scenario A Pizza Hut Franchise After some years working in the tertiary sector including spells as a manager for a restaurant and as General Manager for a 5 star Sheraton hotel you have decided that it is time to start your own business. After looking around at the opportunities available you have de cided that a franchise of a fast food restaurant is a
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