Excerpt from FS Series #1: enabling sub-sovereign bond issuances B3. Case 3: Alternative Financing for Water Utilities — Lessons from a Failed Bond Issue in Indonesia B3a. Background and Environment PUBLIC INVESTMENT IN THE WATER SECTOR HAS BEEN VIRTUALLY ABSENT IN INDONESIA. ACHIEVING INDONESIA’S MILLENNIUM DEVELOPMENT GOAL‚ TO HALVE THE PROPORTION OF PEOPLE WITHOUT SUSTAINABLE ACCESS TO SAFE DRINKING WATER AND BASIC SANITATION BY 2015‚ WOULD REQUIRE A TENFOLD ANNUAL INCREASE IN INVESTMENTS
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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borrowing money by issuing bonds is that interest payments‚ unlike dividends‚ are tax-deductible. But interest has to be paid even in a year in which a company makes no profit‚ so it is safer to have equity capital as well‚ on which no dividends need be paid if there are no profits. 4/29/2014 3 4 • What are differences between bonds and shares? Stocks and Bonds Which security is better? 4/29/2014 4/29/2014 5 1 4/29/2014 STRUCTURE BONDS - a form of debt with
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of Bonds Fixed rate bonds have a coupon that remains constant throughout the life of the bond. A variation are stepped-coupon bonds‚ whose coupon increases during the life of the bond. Zero-coupon bonds (zeros) pay no regular interest. They are issued at a substantial discount to par value‚ so that the interest is effectively rolled up to maturity (and usually taxed as such). The bondholder receives the full principal amount on the redemption date. High-yield bonds (junk bonds) are bonds that
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The family system is the most conspicuous bond in the social scheme of things. This bond ties people to each other with invisible strings of love and care‚ each one bonded to all others in his/her entirety. The family that consists of the elder’s brothers‚ sisters and children are all bound to each other no matter how far away they may be from each other physically. The family is the inspiration of each individual member and‚ above all‚ it is the objective for which each individual member lives
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Theories of Ethnocentrism: Social Dominance Theory and Social Identity Perspective Compare and Contrast critically evaluate in light of relevant research and theoretical reasoning A major focus of psychology is in understanding why group conflict‚ inequality and ethnocentrism occur. Many researchers have developed theories and presented evidence to try and explain these issues and two predominant approaches have emerged. The first approach focuses on the relatively stable personality differences
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Bond P is a premium bond with a 12 percent coupon. Bond D is a 6 percent coupon bond currently selling at a discount. Both bonds make annual payments‚ have a YTM of 9 percent‚ and have five years to maturity. The current yield for Bonds P and D is percent and percent‚ respectively. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g.‚ 32.16)) | If interest rates remain unchanged‚ the expected capital gains yield over the next year for Bonds P and D is percent
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CHEMISTRY 110 GENERAL CHEMISTRY I INFORMATION SHEET Fall 2011 Instructors: Professor Ashok Kakkar Otto Maass Chemistry Building‚ room 313 Tel: (514) 398-6912 Office hours: By appointment‚ e-mail via WebCT to arrange meetings. E-mail: use webCT Professor Scott Bohle Otto Maass Chemistry Building‚ room 233A Tel: (514) 398-7409 Office hours: By appointment‚ e-mail via WebCT to arrange meetings E-mail: use webCT Professor Bryan Sanctuary Otto Maass Chemistry Building‚ room 224 Tel: (514) 398-6930
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|Ruskin Bond | |[pic] | |Ruskin Bond in a Meet the Author program at Sharjah International Book Fair‚ | |23 November 2011 | |Born |19 May 1934 (age 78) | | |Kasauli‚ Solan Himachal Pradesh‚ India | |Occupation
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In a social conflict perspective to bully‚ is a macro view‚ which is a view of society a whole and how a society is different in gender‚ religion‚ and race‚ and how it raises to conflicts in bullying and how people bullies others‚ and how certain types of people more vulnerable to being bullied then others‚ by their race and class. Conflict theorist would take a look into how society deals with bullying‚ in terms of conflict and tension from comparing different groups‚ (Schaefer and Haaland‚ p. 20)
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