Finance journal homepage: www.elsevier.com/locate/jbf The impact of bond rating changes on corporate bond prices: New evidence from the over-the-counter market Anthony D. May * Price College of Business‚ University of Oklahoma‚ 307 West Brooks‚ Norman‚ OK 73019‚ USA a r t i c l e i n f o a b s t r a c t I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade)
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Case 1 SystemX Inc. Withdraws Rs. 1 Billion SoftGuide Acquisition Offer The following is an excerpt from a news article in the Daily Update‚ March 07‚ 2010. “SystemX Inc.called off its acquisition of SoftGuide Knowledge Consultants‚ Friday‚ saying that 1 Billion was too high a price.” (SoftGuide has a considerable market share in Training and Development services and would therefore help SystemX to diversify and expand its range of services to customers.) “Although SystemX officials
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Films of David Lynch David Lynch is known for is unique directing and films because of his style and structure of his films‚ he also produced the some of the unique soundtracks for some of his films. Lynch started directing feature films since 1976‚ since then some people have referred to David Lynch as one of the most artistic directors in the world and you can see why because his films are very deep and dark and there is always a story to tell in David Lynch’s mind. I believe that David Lynch’s
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1. The security of the bond‚ that is‚ whether the bond has collateral. Effect on the coupon rate of the bond issue: Bond’s with collateral will have lower coupon rate as bondholders have claim on collateral no matter what. Advantage: It provides an asset which lower default risk. Disadvantage: Companies cannot sell this collateral as an asset and need to maintain it. 2. The seniority of the bond Effect on the coupon rate of the bond issue: The more senior the bond‚ the lower the coupon
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River By Abha Sirohi Research Scholar‚ A.K.P. G. College‚ Hapur (Ghaziabad) .................................................................................................................................................................. Ruskin Bond attempts to analyze human psychology in his short stories; He deals with the elemental and impulsive life of man. He tells the stories objectively and beyond all these things his stories shows goodness of man’s heart and his faith in the Supreme power
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A record of all transactions made between one particular country and all other countries during a specified period of time. BOP compares the dollar difference of the amount of exports and imports‚ including all financial exports and imports. A negative balance of payments means that more money is flowing out of the country than coming in Read more: http://www.investopedia.com/terms/b/bop.asp#ixzz2KhMuRIuZ Balance of payments (BoP) accounts are an accounting record of all monetary transactions
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leading him to start his own investigation‚ discovering the dark underworld that lies beneath the white picket fences and freshly mowed lawns of a seemingly normal suburbia. Through certain characters and events that take place during the film‚ Lynch explores the notion of a corrupted American Dream‚ However‚ to fully understand this‚ one must first be familiar with the American Dream itself. I define it as the exact essence of most American icons‚ an ideal aspiration one could achieve. Some might
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Chapter 10: Bond Return and Valuation Q. 6. Find out the yield to maturity on a 8 per cent 5 year bond selling at Rs 105? Solution: Yield to Maturity = [pic] = [pic] = [pic] × 100 = [pic] × 100 YTM = 6.82. Q. 7. (a) Determine the present value of the bond with a face value of Rs 1‚000‚ coupon rate of Rs 90‚ a maturity period of 10 years for the expected yield to maturity of 10 per cent. (b) In N is equal to 7 years in
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HUM 106 6 March 2014 Willie Lynch Letter Position Paper William Lynch made a letter in 1712 of how to break down Negros/blacks and how to make a slave. In my opinion‚ despite the fact that William Lynch composed the Willie lynch Letter in 1712; us as blacks/Negros still accompany the letter without knowing. First and foremost‚ William said assuming that they take after those steps legitimately it would be mostly effective for 300 years. Furthermore‚ it said in the event that they accompany the
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Stocks and Bonds Stocks and Bonds are different in many ways. A stock is a portion or share of the ownership of a corporation. A share will give the owner of the stock the company’s profits or loses over time. The good thing about stocks is they can be sold at almost any time as long as there is someone willing to buy. A bond‚ on the other hand‚ is a fixed interest financial asset issued by governments‚ companies‚ banks‚ and other large entities. Bonds also are called funds. Bonds pay the owner
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