Arbitrage n Government Bond Market Case Facts: Samantha Thompson‚ who analyzed and traded government bond for the firm of Mercer and Associates‚ seems to believe that she has found an arbitrage opportunity in U.S government bond market in 1991. U.S government bond market is the largest‚ most liquid‚ and closely watched fixed-income markets in the world and hence finding an arbitrage opportunity there was unlikely. Mercers were active in repo markets and occasionally participated in bond arbitrage on its
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University College Abstract After viewing the different Gross Domestic purchases over the past 10 years‚ I have found that GDP deflator can be viewed as a measure of general inflation in the domestic economy. Inflation can be labeled as a measure of price changes over time. The deflator is usually expressed in terms of an index‚ a time series of index numbers. For example‚ percentage changes on the previous years are also shown below. The GDP deflator reflects movements of hundreds of separate deflators
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The case in discussion is about the Kikkoman Corporation of Japan. They are the oldest and most recognized producers of soy sauce in Japan. The company’s vision statement is that of contributing to the exchange of cultures through similar tastes and flavors. This case deals with the issues of the soy sauce industry and the challenges that the Kikkoman corporation faced keeping up with the globalization of the market for soy sauce. Their market share has always been strong in the industry‚ yet
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10 New Year Resolutions for High School Students The New Year is a great time to reflect on the changes we want to or need to make. If you’re a student looking at ways to improve yourself and make the transition to college easier‚ International College Counselors offers a few more resolutions you might want to add to your list. 1. Stop procrastinating. How often have you underestimated how much time it will take to get something done? Then‚ how sad are you when you don’t have the time to do your
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Which actors will be great powers in 10 years and why? I have the impression that the world has not changed so much between 1970 and 2017 - except for the fall of communism. However‚ it has changed a lot from 1930 to 1970. And even more from 1890 to 1930. Let me evaluate these four decades. The year 1890: Freedom‚ moderate governments‚ and regimes‚ solid bourgeois decency‚ and social influence of aristocracy. 1890-1930: The rise of mass political movements‚ demagogues‚ and totalitarian regimes. 1930-70:
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In William Shakespeare’s tragedy‚ Romeo and Juliet‚ Juliet is the lead female character. At first‚ she is portrayed as a young-hearted obedient girl‚ in just five acts time she undergoes significant change and matures. In the following paragraphs we see how she begins to view things from a changing perspective. At the beginning of the play‚ Juliet is shown as a young and naïve girl with no experience in love or marriage. When her parents want her to get married with Paris‚ although she has not
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Homework #1 [Problem 4] Bond Price I discussed after class some ideas as to how to go about building the Bond Price function. This is problem 4 of the first homework assignment. There are three functions that have to be built. This is stated in the problem. The three functions are a function to calculate the present value interest factor for a single value. The second function returns a calculation of the present value interest factor of an annuity. The third function utilizes the first two
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Semiconductor Corporation (SSC) made this statement in the company’s annual report: “SSC’s primary goal is to increase the value of our common stockholders’ equity.” Later in the report‚ the following announcements were made : a. The company contributed $1.5 million to the symphony orchestra in Birmingham‚ Alabama‚ its headquarters’ city. b. The company is spending $500 million to open a new plant and expand operations in China. No profits will be produced by the Chinese operations for 4 years‚ so
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DELUXE CORPORATION Contents Section 1: DELUXE Corporation 1.1. 1.2. 1.3. 1.4. Company Business Overview Macro-Evironment & Industry SWOT Analysis Porter’s Five Forces Section 2: Business & Strategy Risks / Financing Requirements Section 3: Main Objectives of the Financial Policy Section 4: Financial Flexibility – Cost of Capital Section 5: Is Deluxe’s Current Debt Level Appropriate ? Section 6: FRICTO Analysis Section 7: Conclusion - Recommendations 2 Section 1: DELUXE
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EQUITY WARRANT BONDS Equity warrant bonds are bonds issued with equity warrants attached. Warrants are similar to share options‚ and give their holder the right but not the obligation to subscribe for a fixed quantity of equity stocks in the company at a future date‚ and at a fixed subscription price (exercise price). When bonds are issued with warrants‚ the warrants are detachable and can be sold in the stock market separately from the bonds. Investors might therefore subscribe to an issue of
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