Derivation of “quick and dirty” approximation of bias formula Thomas Noe Balliol College/SBS 21st October‚ 2013 This note relates to the derivation of the “quick and dirty” formula for estimating the bias generated by using the YTM as an approximation of the expected return on debt. The assumptions: 1. Debt is perpetual 2. probability of default is δ in each period. The probability is the same in every period 3. If default occurs‚ bondholders receive ρ fraction of the face (principal) value
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BUSINESS LAW Course Code: MGBLW 10201 Credit Units: 03 No. of hours : 33 Course Objective: The objective of the course is to acquaint the management students with the basic fundamentals of business related laws and to understand its linkages with other fields of management which have significant bearing on business organization Course Contents: Module I: Companies Act‚ 1956 Meaning‚ definition and characteristics
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It is important‚ as a part of any companies’ Blue Ocean Strategy‚ to explore the three tiers of non-customers‚ the buyers’ utility map and experience cycle‚ and uncover the blocks to buyers’ utility. As companies explore the three tiers of their non-customers they may be able to uncover an untapped potential for customers. The three tiers of non-customers identifies what customers are not purchasing a product or service you offer‚ as well as why they may not be part of your current consumer group
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MECHANIC TWP. — It was a surreal scene‚ according to Toni Mishler‚ as she and husband‚ Tom‚ wandered the darkened lawn of their Lake Buckhorn property Wednesday night‚ watching firefighters douse the flames that consumed their home. No one was at home when the fire erupted‚ and they were about 10 minutes away when Toni said she was contacted by her manager‚ Kim Miller‚ who had heard the Mishlers’ Ofen Cove address broadcast over a fire page. Toni‚ a Pomerene Hospital obstetrics nurse‚ is responsible
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As seen on the cover of her new album HERE‚ Alicia Keys poses in black and white in her bare and natural state of beauty‚ which I argue reflects the mood of the overall album (Figure 1). While there were many politically inspired albums released over the course of this year‚ such as Beyoncé’s “Lemonade‚” I believe that Alicia Keys’ sixth album stands out among the rest (Mackay). Unlike her previous albums‚ Keys’ has a more rough‚ hip-hop like sound‚ accompanied by her meaningful lyrics (Keith). “Alicia
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relevant information. * Fits the defiant 3M culture * Fits 3M’s new strategic mission even though Dunlop does not buy into it. Q2) Incrementalism worked well because it… Has allowed for leveraging pre-existing product platforms such as Post-it notes and Scotch brand tape can reduce development costs while exploiting 3M’S pre-existing marketing channels and relationship. . . . Q3) Traditional 3M Development Process * Developers‚ in recent decades‚ lack direct contact with customers *
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3M Company (NYSE: MMM)‚ formerly known as the Minnesota Mining and Manufacturing Company‚ is an American multinational conglomerate corporation based in Maplewood‚ Minnesota‚ a suburb of St. Paul. With over 76‚000 employees‚ they produce over 55‚000 products‚ including: adhesives‚ abrasives‚ laminates‚ passive fire protection‚ dental products‚ electronic materials‚ medical products electronic circuits and optical films. 3M has operations in more than 60 countries – 29 international companies with
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Strategic Issues University of Phoenix Strategic Issues In any comprehensive planning process‚ strategic questions must be addressed. This is the reason United Parcel Service (UPS) examined several companies that have faced similar issues as they have experienced. These companies are Siemens‚ United States Postal Service‚ Oracle‚ JCPenney and 3M. In addition‚ UPS will show how they will adopt each company’s strategy in dealing with strategic issues and how those companies handled the situation
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was very successful. They also produced their only traffic signal around this time‚ one that is still being used today. In the late 1970s the company was involved in some of the first digital audio recordings and in the 1980s it invented the Post-it notes [Haeg 2002]. The company is still growing today and now has over 130 factories employing some 67.000 people. Its international sales increased tenfold since 1950‚ now amounting to a staggering $22 billion [3M Press Release 2006]. 3M is currently working
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As soon as the radio is switched on it is described as screaming and it startles the man. He also recognized the radio announcer’s voice but it this was the first time his voice did not sound upbeat and happy as it usually was during his morning show. The author also describes his voice as “Cracking with hysteria” (Hood‚ pg. 161) which clearly sets the mood in the story. The way his voice is described stresses the role that the announcer plays in this story. The radio announcer uses repetition
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