1. Briefly explain why many corporations prefer to issue callable long-term corporate bonds rather than non-callable long-term bonds. There are three main reasons why a corporation may be interested in calling a bond. * Interest rates have fallen‚ so they can refinance at a lower rate. * Credit quality has improved‚ so they can refinance at a lower rate. * Assets have been sold‚ so money is available to pay off debt. If a bond issuer pays investors the going rate of 7% annually in interest‚ and
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Global Economic Condition Great Recession of 2008-09 has slowed the growth of world output‚ especially in the developed countries like EU‚ USA‚ Japan and Canada etc. In the developed countries unemployment remains high at the rate of nearly average 9 per cent again income of the employed people remain stagnant1. Although the great Recession is on the way of recovering‚ more and more worker remain out of the job for a long time‚ especially young workers‚ medium-term growth prospects also suffer
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of investments to intangibles for company performance during the global crisis. One of such strategic resources is relational capital which is connected with all business processes‚ particularly with the value creation. Despite of the importance of collaboration for firm competitiveness‚ we could not see enough empirical papers that confirm a positive impact of cooperation on firm outcomes like a company value‚ especially during crisis period. The paper is focused on the advantages of interfirm relationships
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Economic Crisis in America: Fall of 2008 Lillian Ruiz ECO 405 Professor: Augustine Boakye December 10‚ 2012 Abstract For the past several years‚ a declining economy has enslaved thousands of people in a life of hardship. The state of the economy has spurred mass furloughs‚ financial losses and homelessness. With no end in sight‚ people are becoming desperate in their attempts to support their families and maintain civility. While the government attempts to combat the depreciating
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power‚ the economic situation was appalling in all its aspects. On the one hand‚ customs‚ banking and major companies were controlled by US investors. On the other hand‚ the State had no monetary reserves‚ plus the economic effects of the San Zenón cyclone and the world economic depression of 1929. The situation prompted the government to enact an emergency law in 1933‚ Through which it tried to negotiate in 1934 the readjustment of the external debt. With both measures‚ the economic policy of the
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Global Financial Crisis: Impact on India’s Poor Some Initial Perspectives Rajiv Kumar Bibek Debroy Jayati Ghosh Vijay Mahajan K. Seeta Prabhu Global Financial Crisis: Impact on India’s Poor Disclaimer: The views in the publication are those of the authors’ and do not necessarily reflect those of the United Nations Development Programme. Copyright©2009 by the United Nations Development Programme (UNDP) India The articles can be reproduced in whole or part with relevant acknowledgement
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Briefly describe the current crisis in the Eurozone. Discuss its potential effects on European integration and theorize as to how to overcome the crisis. Country | CIA 2007 | OECD 2009 | IMF 2009 | CIA 2009 | EuroStat 2010 | Austria | 59.10 | 72.7 | 67.10 | 66.40 | 72.3 | Belgium | 84.60 | 100.4 | 93.70 | 101.00 | 96.8 | Cyprus | 59.60 | | 56.20 | 56.20 | 60.8 | Estonia | 3.40 | | | 7.10 | 6.6 | Eurozone | | | | | 86.0 | Finland | 35.90 | 52.6 | 44.00 | 40.30 | 48.4 |
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IRELAND AND ITS ECONOMIC CRISIS Ireland is an independet republic with parliamentary system since 1919.For a generation after Ireland achieved independence from the United Kingdom in 1922 it started being economically self-sufficient.Ireland´s first economy primary relied on agriculture‚exports to the U.K. market and manufactures.Thanks to trade barries such as high Tariffs ‚make its economy successful during this first period. Some relevant periods in the irish economy should be considered
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EGT1 Economics & Global Business Applications (V1 UG 0213)-PA Name: Christopher Talag Student Number: 274350 Task 1: A. Explain profit maximization from the following approaches: Profit maximization can be explained according to the following approaches according to McConnell (2012): 1. Total revenue to total cost - profit maximization is achieved when the difference of the total revenue minus the total cost is at the highest point. 2. Marginal revenue to marginal cost - means that profit
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The sovereign nation’s financial collapse was made possible only by the 2007 global financial crisis originating
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