Problems and Solutions 1 CHAPTER 1—Problems 1.1 Problems on Bonds Exercise 1.1 On 12/04/01‚ consider a fixed-coupon bond whose features are the following: • face value: $1‚000 coupon rate: 8% • coupon frequency: semiannual • maturity: 05/06/04 • What are the future cash flows delivered by this bond? Solution 1.1 1. The coupon cash flow is equal to $40 8% × $1‚000 = $40 2 It is delivered on the following future dates: 05/06/02‚ 11/06/02‚ 05/06/03‚ 11/06/03 and 05/06/04. The redemption value
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Theme Analysis The theme of Animal Farm is not difficult to understand. Orwell intended to criticize the communist regime he saw sweeping through Russia and spreading to Europe and even the United States. Though he agreed with many Marxist principles‚ Orwell was unable to accept the communist interpretation of socialism because he saw many similarities between the communist governments and the previous czarist regimes in old Russia. Communism‚ he thought‚ was inherently hypocritical.In his self-proclaimed
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Animal Farm : Notes Chapter 1: * Mr. Jones the owner of the farm stumbles to bed drunk after forgetting to secure his farm buildings properly. * All animals meet in the barn to hear old Major’s speech( the prize boar of the farm) * Old major preaches what he has learned throughout his life. He talks about how his fellow animals have miserable lives. He blames their suffering on the humans. * Old major tells the animals of a dream he had. He dreamt of a world in which animals lives
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The Population Solution Question... 1. Most people assume that human numbers will stabilize at some point in the future. Discuss the conditions which can contribute to the solution of the population explosion. "Let us suppose that the average human being weighs 60 kilogram ’s. If that ’s the case then 100‚000‚000‚000‚000‚000‚000 people would weigh as much as the whole Earth does. That number of people is 30‚000‚000‚000‚000 times as many people as there are living today. It may seem to
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Poultry Farm is a community based project that was conceptualised by a passionate‚ committed and enthusiastic social entrepreneur. This farm is set up to promote the creation of jobs‚ women and youth empowerment‚ economic development and poverty alleviation. It features key stakeholders such as the youth and women‚ members and workers of the project‚ customers‚ suppliers and the wider community. The farm will specialise in the rearing and sales of birds‚ production and sale of eggs. The farm will essentially
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whereas 50% of its working population is unemployed‚ that is so outrageous. It is shocking to know that a country blessed resources‚ both human and material has to go through this menace. Looking at this situation at hand a line has to be drawn. The solution to unemployment in Nigeria is education. Singapore has the best student in the world why [1]? They employ the best college graduate‚ to be teachers in the primary schools. In order to reduce unemployment of graduates the Nigerian government should
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Animal Farm Politics "Power corrupts‚ but absolute power corrupts absolutely" Lord Acton (1834-1902). It is believed and can be notably seen in the past that many great people become dangerous and corrupt under vast amounts of power. It is this which is usually the greatest cause of their downfall. As we know many people fail‚ lose their status‚ or reputation when they are in a higher position. People of status‚ who have large amounts of control seem to become "power-hungry" and find it necessary
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Power and Corruption in Animal Farm "No question now‚ what had happened to the faces of the pigs. The creatures outside looked from pig to man‚ and from man to pig‚ and from pig to man again; but already it was impossible to say which was which" (Orwell 97). In George Orwell’s Animal Farm‚ the struggle between pigs’ path to power over the other barnyard animals is symbolic of the Russian Revolution. After the animals overthrow the human leader‚ they attempt to establish a government based on
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The Geritol Solution What is the basis for Martin’s premise that seeding the ocean with iron would help combat global warming? The idea of stimulating plankton growth with iron grew out of the fertile mind of the late John H. Martin‚ an oceanographer at Moss Landing. Martin sought originally to explain a long-standing mystery concerning barren waters in the Antarctic‚ subarctic‚ and equatorial Pacific Oceans. With the abundant concentrations of nutritious nitrate and phosphorus in
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Animal Farm Animal Farm is an allegory because of the similar characters‚ situations‚ and events based upon the Soviet Union. Animal Farm summarizes Communist Russia in a story about animals on a farm. George Orwell creates a novel using animals to represent the totalitarian regime in Russia from 1920-1953. George Orwell uses many events from the totalitarian regime in Russia for his novel Animal Farm. The context is the only difference. Before the Russian Revolution‚ Karl Marx created communism
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