English Dossier Miléna Gandroz 2A Cycle ICM What are the causes and the consequences of the global financial crisis of 2008? SOMMAIRE INTRODUCTION 3 WHY IT HAPPENED? 4 1. Deregulation policy 4 2. Securitization of mortgages 4 HOW IT HAPPENED? 6 1. The subprime crisis 6 2. The financial crisis 6 WHAT ARE THE CONSEQUENCES? 7 1. In the financial sector 7 2. In the United States 8 3. Abroad 8 WHAT IS HAPPENING NOW? 8 1. Some things are changing 8
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In terms of equity‚ Wrigley’s MV was 13.1B STATEMENT OF THE PROBLEM * Wrigley was an all equity firm who had a capital structure of 13.1B as I had previously stated * Their problem was to estimate the effect of a leveraged recapitalization. * By doing a leveraged recapitalization‚ this would have an impact on share value‚ debt rating‚ cost of capital‚ Earnings Per Share‚ and voting control. * Each of theses elements would effect the company in a different way * This will be
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“Schmatta” is a gateway to success in immigrants’ new land: The apparel industry provided an entree for scores of central European immigrants‚ whose children and grandchildren went on to achieve the American dream. The “Schmatta” business was once New York City’s biggest employer: At its peak in 1973‚ there were 400‚000 apparel production jobs in New York. Last year (2007)‚ there were just 84‚000. Made in USA: Former president John F. Kennedy put outsourcing in motion by allowing 5 percent
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independence from the money-center banks for decades. Moreover‚ it also gave them the first-comer advantage internationally. They were free to underwrite equity and debt issues‚ trade them‚ arrange mergers and acquisitions‚ provide bridge loans for buyouts (LBOs and MBOs)‚ develop products‚ hone skills and gain strength domestically. By the time international capital markets opened‚ they were the best and‚ backed by a home market which still generates two-thirds of investment bank revenue worldwide
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Enron Corporation: THE RISE AND FALL; ACCOUNTING SCANDAL Submitted To: Professor Bill Bristol Submitted By: Kenneth Rhodes‚ Jr. Metropolitan College of New York (MCNY) TABLE OF CONTENTS I. ABSTRACT...............................................................................................................................2 II. purpose and service....................................................................................................3 III. HistorY.............
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1. INTRODUCTION In order to start and sustain a business one needs finance. In the unit one on feasibility study. It’s included in the process of estimating financial requirements. The process involved:- a) Making a list of all the assets b) Identifying the sources of supply c) Estimating the cost of acquisition when the assets are to be acquired on outright basis. Then investment requirements as well as entrepreneur’s fear will increase. To scare away the entrepreneur’s fear‚ the emphasis
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country risk and other types of risk that arise in international investments into each project’s cost of capital. ?levered = ?unlevered/(E/C) = ?unlevered/(1-(D/C)) both ?unlevered and D/C can be obtained from exhibit 7a. Next: U.S. T-bill+ leveraged beta (U.S. risk premium) 4.5% + ?levered * 7% = cost of capital1 Add sovereign spread: Cost of capital1 + sovereign spread = cost of capital final 2. What is the value of the Pakistan project using the cost of capital derived from the new
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negative responses from affiliates who sold their products. These affiliates sold products under both Sprint and Nextel names‚ and saw the merger as a threat to profits. These fears prompted antitrust lawsuits against the company‚ leading Sprint Nextel buyout seven affiliates in 2005 and 2006 to the tune of 14 billion dollars.1 In 2005‚ Sprint Nextel ranked last in customer service from J.D. Power and Associates. The company lost one million subscribers in 2007‚ as ” Customers began to perceive that the
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1. We Love You‚ Chucks! QUESTION 1: What are the core‚ actual‚ and augmented product benefits of the Converse Chuck? Solved: • Classic kicks that fit any look.. • Perceived look of self-expression‚ free-spirit and creativity. • Easy to care for. • Quality. • Comfort. • Brand name recognition. • Packaged in color-themed shoe box. • Thousand of choices; create your own. • Create your own option. • Limited edition and web exclusive offers. • Easy returns within 30 days. • If purchased at high-end retailer
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even less if Quinstreet backed out after the second year. Not only would the catch hurt us financially but it will look bad in the marketplace should we choose to do an IPO in the future‚ and it could also affect our ability to gain another potential buyout
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