Principles of Modern Finance Spring 2013 Sample Midterm February 22‚ 2012 Instructions • You have 1 hour and 40 minutes. • The exam is out of 25 points. • There are 22 multiple-choice questions. 19 questions are worth one point‚ 3 questions are worth two points and are marked as such. • If you get stuck‚ move on and come back later. 1 1. A stock is expected to pay a dividend of $10 next year‚ and this dividend is expected to grow by 5% each year thereafter. What should the price of the
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“He who wishes to be obeyed must know how to command‚”Machiavelli. (10) The Prince by Machiavelli highlights how one should be obeyed and maintain power. In Shakespeare’s Hamlet‚ these characteristics are shown between the main characters‚ Hamlet and Claudius. This tragedy is a battle of a king in power and one trying to dethrone him. In the end‚ Claudius displays a better resemblance of a Machiavellian leader. Machiavelli defines a successful leader as charismatic‚ inventive‚ manipulative and
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him back in favor of the Medici’s who had previous exiled him. Machiavelli never dictates what or who the ideal prince is‚ but he continually offers examples and advice‚ which is often immoral and unethical‚ on how someone would become the ideal prince. Machiavelli was naturally pessimistic about the human race‚ and that heavily influenced this work‚ with negative connotations flowing freely. One of the first suggestions Machiavelli makes in the book is that it is much easier if the prince is taking
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The Prince by Niccolo Machiavelli Summary Why did Niccolo Machiavelli write the prince? He wrote it like a guide. The Prince is an analysis of how to acquire and keep political power. Philosophers wrote it as how it should be‚ but Machiavelli presented it as it is. The Prince begins by addressing to Lorenzo de Medici‚ where Machiavelli tells him that he is seeking favor with the prince by offering him some of his knowledge. Machiavelli proceeds to classify the kinds of states: hereditary princedoms
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SECTION A Answer any FOUR questions from this section. Each question carries 10 marks. 1. For each of the independent situations described below‚ list the accounting principle or concept that has been violated and give your explanation. (10 marks) i. Raymond Company has been adopting different methods to calculate depreciation on its motor vehicles for the past 4 years. ii. In estimating the provision for doubtful debts‚ the accountant of Peter Limited prefers to have a provision
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by many philosophical writers. Jean-Jacques Rousseau and Niccolo Machiavelli‚ in the Discourse on the Origin of Inequality and The Prince‚ subsequently‚ talks about this subject. In the Discourse on the Origin of Inequality‚ Rousseau talks about the natural human state and is transition to its current civilized state. In The Prince‚ Machiavelli talks about the nature of humans already in a civilized state. Rousseau ’s and Machiavelli ’s ideas on the best state of humans contrast because Rousseau believes
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must make them‚ no matter the cost. Niccolo Machiavelli uses logos‚ ethos and distinct clear diction to prove the necessity for a ruler to be able to make unpopular decisions‚ in an excerpt from his book “the Prince” (1532). Throughout the excerpt Machiavelli uses logos to talk about this issue in a logical manner. His first step in approaching this topic is when he states to the reader that others have tried to discuss how a prince should act. Machiavelli states that he is doing something along the
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The Prince: Analysis and Response Machiavelli‚ born in Florence in 1469‚ remains one of the most controversial authors to this day. His work demonstrates his expertise with military power‚ political success and historical events. His experience and understanding is a sum of all aspects of his life—from serving on the commune of Florence to carrying out his own military missions. Even when Machiavelli was accused of conspiracy and sentenced to a period of exile and torture‚ that did not keep him
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Niccolo Machiavelli in his writing The Prince ([1532] 2006) and Thomas Hobbes’s Leviathan ([1651]2009). Even though they both talk about critical thinking‚ they have two different views about critical thinking. Machiavelli points out‚ those critical thinking gains you power and Hobbes points out that limiting your critical thinking will keep you in power. Gaining power and keeping the power you gained are very difficult and the way Machiavelli and Hobbes approaches are different. Machiavelli mentions
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Throughout history‚ many rulers have been overthrown‚ conspired against‚ and assassinated. Many would argue that this was due to these rulers not knowing how to control their people‚ but upon reading the short essay‚ “The Prince” by Niccoló Machiavelli‚ one would realize that rulers have been ruined only due to their inability to rule. A ruler could have commendable‚ honorable qualities that people want their ruler to possess‚ but these exact qualities would led to their ruin. Thus a good ruler must
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