derivatives use and capital structure decisions. We further find that the reduction in the cost of equity is attributable to both lower market beta and SMB beta‚ suggesting that firms use derivatives to reduce their financial distress risk and that this distress risk has a systematic component that is priced in the market. Finally‚ the observed reductions in the cost of equity tend to be largest for smaller firms and for firms utilizing currency and interest rate derivatives. Ó 2010 Elsevier B.V
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Earth Day is an annual event‚ celebrated on April 22‚ on which day events worldwide are held to demonstrate support for environmental protection. It was first celebrated in 1970‚ and is now coordinated globally by the Earth Day Network and celebrated in more than 192 countries each year. In 1969 at a UNESCO Conference in San Francisco‚ peace activist John McConnell proposed a day to honor the Earth and the concept of peace‚ to first be celebrated on March 21‚ 1970‚ the first day of spring in the
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Walking to the park‚ which in itself is odd for 2050‚ Amanda pauses and takes in the aroma of every real flower she can find. Her lean‚ tan figure stands out against the bland Earth around her. As she‚ once again‚ mistakes an energy conserving flower for a real one‚ she sighs as a look of disappointment and sadness absorbs her navy blue eyes. Her red peplum top is the brightest color anyone can see for miles as she places herself on a nearby bench. As she watches the blankness of the ground and listens
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BIsBusiness Proposal GOLDEN PAN BAKESHOP Pastry and Restaurant Prepared for: DMCI Acacia Town Center Management DMCI Homes Inc. Acacia Estate Lane Taguig City Prepared by: Golden Pan Bakeshop Corporation Description: We would be happy to serve you a quality and best baked products‚ pastries and sumptuous meal. Golden Pan Bakeshop is newly Form Corporation that aims to provide the creative and delicious meals for daily consumption. We offer the variety of baked products‚ pastries
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the idea that we must reconnect and appreciate the dirt and land that we all came from. Similarly‚ Michael Jackson’s “Earth Song” has a powerful message: stop the destruction of nature and society. Both “The Common Living Dirt” and “Earth Song” address the sabotage of nature‚ however Jackson’s song is more influential with its powerful‚ catchy music. Piercy’s poem paints a beautiful picture of nature with a vivid description of images. For example‚ “the fragrant busy soil the worm passes through her
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better choice. ‘Earth and Castle’ is the perfect example of this. It is a start-up company based in Gozo that is gaining reputation fast for producing unique and professional wedding videos that are far beyond the traditional style that we are normally used to. Marlon‚ the founder of the company started initially with film scoring‚ taking care of audio and music and incorporate these elements into movie scenes‚ sometimes for blockbusters and other times for indie movies. While doing this job‚ and because
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Breana Hagen English Honors 10 August 25‚ 2010 The Good Earth Discussion Questions 1. Wang Lung’s expectation of rain‚ the daily boiling of water for his father‚ and his bathing for his wedding might foreshadow the start of something new. Rain washes things away‚ boiling cleanses the water‚ and washing gets rid of unclean substances‚ so these things signify turning over a new leaf. 2. Wang Lung feels compelled to purchase the rice field House of Hwang because he believes that land is like
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THE HISTORY OF EARTH NATIONAL GEOGRAPHIC By: Juni Haryanto (B1034131008) Muhammad Ridwan (B1034131006) Erwinsyah (B1034131010) Background Earth is the third planet in the solar system‚ earth has been created since 4.54 billion years ago. Every planet in the solar system it is only earth that we know have living creature inside because the condition of earth is the most possible place for living creature can live inside in the planet. The first life creature live in earth is about 3.8 until 3
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Earth with No Moon A world with no moon would be much different without the Moon. Without the moon‚ Earth would be greatly different. The length of the day would be different‚ the origins of life on Earth would be slowed‚ and the biological evolution of life on Earth would vary greatly. But there would still be life on Earth‚ and many things on Earth would remain the same. Lunar tides are perhaps the most obvious effect of the Moon on Earth. The Earth without the moon would have a day that
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An essay on Earth Day The subject of Earth Day has been covered intensively by the world press over the past decade. Many an afternoon has been enjoyed by a family‚ bonding over the discussion of Earth Day. Until recently considered taboo amongst polite society‚ it is yet to receive proper recognition for laying the foundations of democracy. Often it is seen as both a help and a hinderence to global commercial enterprises‚ who are yet to grow accustomed to its disombobulating nature. Complex though
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