Spot Rate and Forward Rate Spot Rate: It is nothing more than the YTM on bond. It is the rate of interest on bond maturing at any time in the future. It is also known as geometric average of 1 year forward rates in the future. Hence‚ YTM on bonds can be calculated as: When forward rates are given then; oS1 = oF1 oS2 = [(1+of1)(1+1F2)](1/2) -1 oS3 = [(1+of1)(1+1F2)(1+2F3)](1/3) -1 and so on. Forward Rates: It is the interest rate established today ‚ that will be paid on money to
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Mike K. Essay on equal pay in the work place. In 1963‚ President Kennedy signed the Equal Pay Act into law‚ making it unlawful to discriminate against a worker on the basis of sex. Since that time‚ the wage gap between men and women in the United States has narrowed by just 15 cents‚ now being 74 cents‚ as reported by the U.S. Census Bureau. Pay equality is most prevalent for the 16 to 24 age group‚ in which women earn more than 90 percent of what men do; however‚ the gap becomes 75 percent
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The Gender pay gap Historically‚ gender inequality has always been a phenomenon embedded in our cultural infrastructure and today it still exists in our society in the subtle form of Pay Gap‚ a social issue that exposes income discrepancy between men and women. There are multiple causes to this difference of wage and the measure of pay gap fluctuates greatly based on demographics and economic status. Pay gap affects us in various ways in terms of job selectivity‚ economic functionality‚ and gender
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more currency than females in the workforce. This wage gap can be directly linked to stereotypical roles of females in society. In which females are accepting to be home bodies‚ submissive‚ and rely dependently on their husbands to support the family. Pay inequity in the United States can be linked back to World War II‚ in which a significant number of females took jobs in the defense industry. Women during this time overcame the cultural stereotype of working women. These brave women also found time
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The Great Leap Forward was a creative yet disastrous interruption in Chinese economic development. It is one of those "moments" in Chinese history that is the epitome of Mao Zedong’s willingness to experiment‚ as well as his political genius in seizing control of the forms of government out of the hands of his intellectual and political adversaries within the Communist Party of China. Given that more conservative leaders‚ such as Liu Shaoqi and Deng Xiaoping‚ were not in agreement with Mao on the
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Paper The Great Leap Forward 4/18/13 Have you been worked so hard for something that was a failure all along? Civilians living in China in the 1930’s were worked to absolute death in an attempt to have an economy to rival American economies. This was lead by the dictator (so to say) at the time. He tried to have small groups of communities which had worker‚ farming‚ and cooking groups to better the economy because it used less materials and money. The Great Leap Forward was one of the world’s
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In Malaysia‚ Forward Ijarah is practiced by a few Islamic Banks only as there are at least two financial institutions that currently offer forward Ijarah‚ either as a standalone product on it is own or as a hybrid along with other products. 1. Forward Ijarah for House Financing – stand alone basis It is a product offered for purposes of home financing where the property financed is not completed yet or still under construction. As the usufruct is not available due to non-completion of property‚ the
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to be realism because the narrative follows that everything in the movie feels and looks real. The movie Unforgiven takes place in the Wild West‚ during the time where there were outlaws and gunslingers. The plot of Unforgiven is similar to any other western where there is a hero who is trying to accomplish a task whale the villain is trying to stop them. The western genre of movies is supported by American history creating realism within the movies. Throughout the movie Unforgiven‚ Eastwood portrays
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logical reason why it should exist in the first place‚ as there are just as many qualified women out there as there are men‚ if not more‚ and because it exists due to the fact that women are discouraged from entering various career areas that oftentimes pay more. In the past‚ women were expected to stay at home‚
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Blake Brown English 101 Narrative Essay Thursday‚ January 31‚ 2013 Do you remember that feeling when you got your first car or truck? How that vehicle gave you that sense of freedom and pride? Well mine sure did. I got my truck when I turned sixteen. Not only was “The Black Betty” my pride and joy‚ it was a part of me. After spending all of my savings‚ a long list of parts and a majority of my time. I finally had what I considered my “dream truck.” That truck was my pride and joy at the
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