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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Brooke Bond entered Indian market in 1900 and in 1903 it launched Red Label tea in the country. In 1912‚ Brooke Bond & Co. India Limited was formed. Unilever acquired Brooke Bond through an international acquisition. Similarly‚ Lipton’s link with India date back to 1898. Unilever acquired Lipton in 1972 and in 1977 Lipton Tea (India) Limited was incorporated Introduction to Lipton The old Liptons‚ Galbraith‚ Templeton and Presto logos In 1871‚ Lipton used his small
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Exercise Solution – Day 8 1. Answer the following questions. 1A. What do the acronyms SDLC and DBLC mean‚ and what do they portray? SDLC = Systems Development Life Cycle (SDLC) DBLC = Database Life Cycle 1B. What is the relationship between the SDLC and the DBLC? The SDLC traces the history (life cycle) of an information system. The DBLC traces the history (life cycle) of a database system. Since we know that the database serves the information system‚ it
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Boeing Bond Analysis Presented to Dr. ----- Prepared by Filipe Ferro October 9‚ 2012 Table of Contents Boeing Company 3 Bond Issue 3 Unsystematic Risk 4 Principal Repayment 4 Debt to Invested Capital 4 Debt to Equity 4 Current & Quick Ratios 5 Interest Repayment 5 Times Interest Earned 5 Credit Position 6 Competitor Analysis 6 General Dynamics 6 Northrop Grumman 7 Systematic Risk 7 Market Responsiveness 7 Duration 8 Modified Duration 9 Accuracy of Rating 9
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BONDS - TV Commercial 1. Product name/ brand Mr George Allan Bond established Bonds in 1915‚ he was an ambitious American businessman that arrived to Australia in the early 1900’s and followed his dreams. Bonds first began with importing hosiery. Once the company had relocated to Redfern in the western suburbs of Sydney in 1917‚ Bonds was on the way and had started manufacturing singlets‚ hosiery‚ gloves‚ socks‚ underwear‚ sportswear‚ baby wear and sleepwear‚ both for men
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When ionic solids dissolve‚ they divide to give their positive and negative ions that make up the solids. These ions become hydrates and have the same relative proportions when in solution and when solid. The more the solid dissolves‚ the more the ion’s concentration increases. This increase and build-up allows for the reverse reaction to occur. In this phase of the reaction the ions crystallise out in order for the reaction to have a greater chance of occurring. Eventually the rate of
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Plagiarism is when someone uses someone else’s work without giving them credit. “According to the Merriam-Webster Online Dictionary‚ "plagiarize" means: to steal and pass off (the ideas or words of another) as one ’s own to use (another ’s production) without crediting the source to commit literary theft to present as new and original an idea or product derived from an existing source” (Plagiarism.org‚ 2013) Plagiarism is not being truthful about your own work and trying to rewrite in
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I admit I made a mistake Over stepping some boundaries which made me look fake. I always said I would never do the things I did‚ and that is the reason it is so hard for you to forgive. It’s been so long‚ so many times we said we’d try only to turn around and make each other cry Remember how it was when we first started out‚ So much alike‚ we shared every thought We fell so fast‚ maybe fell in love too soon Made a huge decision that now we cannot undo. I admit my mistakes
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MUNCIPAL BONDS IN INDIA WHAT ARE MUNCIPAL BONDS A municipal bond is a bond or debt security issued by a city or other local government or their agencies. Municipal bonds are securities that are issued for the purpose of financing the infrastructure needs of the issuing municipality which include schools‚ streets and highways‚ bridges‚ hospitals‚ public housing‚ sewer and water systems‚ power utilities‚ and various public projects. HISTORY OF MUNI BONDS Officially the first recorded municipal
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I recommend buying the OSX 9.25 2015 bond for 90 cents on the dollar for a YTW of 15% in 2015‚ but I believe the correct yield is yield to next call (111%)‚ as I believe the company will call this bond in June‚ 2013 at 103. The bond is secured by a 1st lien collateral on an FPSO that is being built in Singapore (87% completed) that will be delivered on Q4 to the company. Value of the FPSO is 700MM USD as marked on OSX´s book‚ total debt is 500MM USD. Eike Batista is the main shareholder of Centennial
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