2000 people (2003) from 25 nations. * The pay is performance related and among the highest in the airline industry (Annual Report 2004‚ p. 5). Travel concessions and participation in the share option program is granted to all employees. In 2003 over 30% (639 in total) of employees took part in the stock option program - the average pay per employee was about 53.000 (Annual Report 2004‚ p. 21). * CEO Michael O’Leary has significantly shaped Ryanair. 2. Physical resources * Ryanair operates 72 aircrafts
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"Investors"). We will act as lead equity investor. 2 The investment will be at a fully diluted pre-money valuation of £● ‚ including employee share options (both granted or committed) equal to ●% of the fully diluted equity. The investment will represent a ●% shareholding for the Investors on a fully diluted basis‚ following an expansion of the share option pool as detailed in paragraph 2.4. The current capitalisation of the Company is set out in Part I of Appendix 1 and the capitalisation of the Company
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Antamina project to me at the beginning of class. Make sure that your bid conforms to bidding structure set forth in the case. Then prepare a memo addressing the following questions: 1) How would we express the right to develop a mine as an option? a. What is the underlying? What is the strike‚ or exercise price? What is the maturity in this case? b. What if we get 2 years out and we learn that the PV of a developed mine turns out to be 0? What do we do at that point?
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IEOR E4706: Financial Engineering: Discrete-Time Models c 2010 by Martin Haugh Term Structure Lattice Models 1 Binomial-Lattice Models In these lecture notes1 we introduce binomial-lattice models for modeling the “short-rate”‚ i.e. the one-period spot interest rate. We will also use these models to introduce various interest rate derivatives that are commonly traded in the financial markets. First we define what an arbitrage means. Arbitrage A type A arbitrage is an investment that produces
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Mark-to-market adjustments for fuel hedges recorded in periods other than the settlement period • As a signal of management competence 6/12 Fuel Hedging Instruments • Jet fuel‚ gas oil and crude derivatives: • • • • Forward contracts Future contracts Options and collars Swaps • Other hedging methods: • Merges and acquisitions International Air Transport Association (IATA) Clearing House: is used for
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Study Guide for Final Exam 1. (TCO B) Which of the following statements concerning the MM extension with growth is NOT CORRECT? (a) The tax shields should be discounted at the unlevered cost of equity. (b) The value of a growing tax shield is greater than the value of a constant tax shield. (c) For a given D/S‚ the levered cost of equity is greater than the levered cost of equity under MM’s original (with tax) assumptions. (d) For a given D/S‚ the WACC is greater than the WACC under MM’s
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I. Topic 1. Introduction 1. Explain the difference b/w financial assets and real assets. Real Assets: (37%‚ 1%) Used to produce goods and services: property‚ plant & equipment‚ human capital‚ consumer durable‚ land‚ building etc (Material wealth of society: productive capacity‚ real asset) Financial Assets (debt‚ equity and derivative): Claims on real assets or claims on asset income. The largest financial asset of U.S. households is: pension reserve (real assets generate net income to the
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------------------------------------------------- Financial Management ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ASSIGNMENT ON DERIVATIVES ------------------------------------------------- ------------------------------------------------- Presentation on Derivatives -------------------------------------------------
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Running head: THE OPTION OF ADOPTION1 The Option of Adoption Child Psych 02/06/13 In class Brandy Calef spoke about adoption and the services offered that are specific to the Adoption Centre of Kansas where she is an adoption assistant. Brandy had information pamphlets ready to hand out as well as an example of an entrance packet that would ordinarily be handed out to birth mothers coming to the center for adoption services. She also provided us with business
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RISK MANAGEMENT PRACTICES IN THE AIRLINE INDUSTRY by Sharon Fernando PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS In the Faculty of Business Administration Financial Risk Management O Sharon Fernando 2006 SIMON FRASER UNIVERSITY Summer 2006 All rights reserved. This work may not be reproduced in whole or in part‚ by photocopy or other means‚ without permission of the author. APPROVAL Name: Sharon Fernando Degree: Master of Arts Title of Project:
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