Journal of Banking & Finance 36 (2012) 2216–2232 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Are corporate bond market returns predictable? Yongmiao Hong a‚b‚ Hai Lin c‚d‚ Chunchi Wu e‚⇑ a Department of Economics‚ Cornell University‚ Ithaca‚ NY 14853‚ USA Wang Yanan Institute for Studies in Economics and MOE Key Laboratory in Econometrics‚ Xiamen University‚ Xiamen 361005‚ China c Department of Accountancy
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America’s Debt It took a while for the administration of Obama to initialize action about America’s enormously increasing debt. Given that the country has mounting debts‚ it would be difficult shrink it down. It is said on the article that president does not step up his personal involvement in the negotiations. His people‚ though‚ presented courses of actions to cut off the said problem. Some are to increase taxes‚ raise debt limit‚ eliminate tax benefits of other companies‚ increasing user
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SPECIAL TECHNIQUES IN TECHNICAL WRITING What do you mean by technique? It is the skillfulness in the command of fundamentals deriving from practice and familiarity. "Practice greatly improves proficiency" General Technical Writing and Reporting Techniques Beyond clear writing‚ there are a number of special techniques that technical writers employ - here are just three of the basic techniques: 1. The technique of boiling down complex information to a simpler‚ more readable form
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1. What is a data warehouse? A data warehouse is defined in this section as “a pool of data produced to support decision making.” This focuses on the essentials‚ leaving out characteristics that may vary from one DW to another but are not essential to the basic concept. The same paragraph gives another definition: “a subject-oriented‚ integrated‚ time-variant‚ nonvolatile collection of data in support of management’s decision-making process.” This definition adds more specifics‚ but in every case
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Flexible Work Schedules What are we really trading to get them? Flexible work schedules are very prevalent in our workplace today. Many employees have benefited from this recent concept but the long term effects on the workplace far out weigh its benefits. In this paper‚ this will be analyzed‚ along with the definition of flexible work schedules‚ the history of those schedules in the workplace and what type of employee has access to flexible work schedules‚ do they really have a future? Does
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Importance of Schedule Controlling MIRANDA ARNIKA BUNARTO 312 11 535 Lecturer & Tutor Mr. Frank Krause Dr. Lim Yew Ban CONTENT 1 Introduction 1 2 Managing Project Time 1 2.1 Control Changes 2 2.2 Observe Performance 3 2.3 Follow Up‚ Follow Up‚ and Follow Up 3 2.4 Develop and Implement a Reporting Strategy 4 3 How Do Scheduling Control Play an Important Role During Project Development 5 1. Influencing the Factors that Create Schedule Changes
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U.S. National Debt In 2012‚ reelection polls show that the biggest concern expressed by the voters was the economy and national debt. Many economists‚ political leaders‚ and citizens are under the impression that America’s rising debt and purchasing of national debt bonds by the foreign countries will lead America to its inevitable bankruptcy. Some speculators predict that one day China will realize that the dollar is no longer valuable to hold because of its devaluation; therefore‚ Chinese will
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The corporate bond market is “thin” compared to the market for money market securities or corporate stocks. a) true Prices in the corporate bond market tend to be less volatile than prices of securities sold in markets with greater trading volumes. a) False All other things being equal‚ a given change in the interest rates will have a greater impact on the price of a low-coupon bond than a higher-coupon bond with the same maturity. a) True If investors believe inflation will be increasing in the
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of a bond? answer: if possible‚ begin this lecture by showing students an actual bond certificate. We show a real coupon bond with physical coupons. These can no longer be issued--it is too easy to evade taxes‚ especially estate taxes‚ with bearer bonds. All bonds today must be registered‚ and registered bonds don’t have physical coupons. 1. Par or face value. We generally assume a $1‚000 par value‚ but par can be anything‚ and often $5‚000 or more is used. With registered bonds‚ which
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OF IAN FLEMING’S JAMES BOND- WITH REFERENCE TO ‘FROM RUSSIA WITH LOVE’. From Russia‚ with Love is the fifth novel in Ian Fleming ’s James Bond series‚ first published in the UK by Jonathan Cape on 8 April 1957. As with the first four books‚ From Russia‚ with Love was generally well received by the critics. The story was written at Fleming ’s Golden eye estate in Jamaica in early 1956. By the time the book was published‚ he did not know whether he wanted to write another Bond book or not. The story
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