Financial Risk Management‚ FIN3FRM Semester 2‚ 2012 Assignment 1 Q.1 An investor enters into a short forward contract to sell 100‚000 British pounds for U.S. dollars at an exchange rate of 1.9000 U.S. dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is (a) 1.8900 and (b) 1.9200? (2 points) Solutions: a) The investor as part of obligation for selling pounds‚ because of his obligation to sell
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2012 was an intense‚ eventful year in which we defined the major milestones that will enable us to reach our ambitious objective of becoming the global benchmark in hospitality. With the Executive Committee‚ I am pleased to present our results‚ review our accomplishments and share our road map for the four years to come. In many ways‚ 2012 will remain a watershed year for our Company‚ which stepped up its transformation into a more asset-light model‚ while delivering robust financial results in
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language we couldn’t read texts and stories from other countries‚ or even from further back in history. I love learning other languages and I love speaking them. To speak another person’s language‚ to me‚ is like being about to connect and understand them better. It also helps me to enjoy their culture. How many times have you went into a city or a shopping mall and heard people speaking in their native tounges? Language is what makes the world a better place as it helps us to realise that we are
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1. Introduction There are many types of contraction contract. For example Lump Sum Contracts‚ Unit Price Contracts‚ Cost Plus Contracts‚ Design and Build Contracts & Concession Contracts. Today Concession Contracts are gaining popularity in the Malaysian construction industry. What is Concession Contracts about? It can be define as a business operated under a contract or license associated with a degree of exclusivity in business within a certain geographical area. A project based on granting by
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of the essential elements required for the formation of a valid contract in the following situations: P1.1 1. Temporary daily wages Worker doing work and following instructions from the supervisor 2. Tenant staying in an apartment 3. Contractor working on project site 4. Customer in an Amusement Park 5. Buyer and Seller of Consumer Product like Body Lotion Guidelines: You need to specify the essentials of the contract like written terms‚ verbal‚ implied etc‚ terms & conditions‚ validity
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categories of Marriott hotels which are separated by location and type. Each category is aimed at a different target market‚ with wealthier individuals the target of category seven hotels while individuals looking to enjoy their vacation without breaking the bank are the target of lower category hotels. While all Marriott hotels strive to bring an excellent stay to their guests‚ the old phrase‚ “you get what you pay for‚” can certainly be applied to the various Marriott hotels. Within the seven
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Managing Employment Relation Factors on employment relationship The employee relation is a balancing act between what the employee and employer needs. Employees generally want to make enough money to live comfortably and be able to have a good balance between work and home life‚ the employer usually want to make money or provide a good service( depending on the organisation) and to have employees work hard without paying employees too much. There is a fine line between the both of them‚ they
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to recruit 15 new applicants in the month of April. The 15 new hires will work for Monica Carrolls‚ the Operations Supervisor. Carl was supposed to start the applicant’s orientation on June 15. By July 15‚ the new hires should be in working status. Carl was contacted by Monica on May 15 to ensure he had manuals‚ training schedule‚ orientation‚ policy booklet‚ drug test‚ and a series of things handled before the deadline. The day after Memorial Day‚ Carl went to the office‚ to make sure all of the
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breach of contract regarding the bees and hives‚ Buyer must establish that there was a valid contract. To establish breach of contract‚ Buyer must show there was an offer and acceptance supported by consideration. Bilateral Contract One in which there are mutual promises between two parties to the contract‚ each party is both a promisor and a promise. Right and duty on each side‚ in which a promise is established on both sides. UCC or Common Law UCC governs contracts under the sale of
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Catch Me if You Can by Frank W. Abagnale is the true story of Frank Abagnale himself‚ as a real fake. Throughout the book‚ Abagnale uses several different rhetorical devices‚ such as foreshadowing‚ irony‚ point of view‚ and importance of title; and raises certain social issues. The title Catch Me if You Can is very important because it is a perfect example of foreshadowing. Frank’s first taste of the criminal life occurs at age sixteen. He cons his father out of $3‚400. After which‚ Frank runs away
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