I recommend buying the OSX 9.25 2015 bond for 90 cents on the dollar for a YTW of 15% in 2015‚ but I believe the correct yield is yield to next call (111%)‚ as I believe the company will call this bond in June‚ 2013 at 103. The bond is secured by a 1st lien collateral on an FPSO that is being built in Singapore (87% completed) that will be delivered on Q4 to the company. Value of the FPSO is 700MM USD as marked on OSX´s book‚ total debt is 500MM USD. Eike Batista is the main shareholder of Centennial
Premium Oil reserves Brazil Rio de Janeiro
Social Capital in the Educational Context The term social capital was initially originated in early 1920’s and later the concept was developed by French sociologist Pierre Bourdieu and American sociologist James Coleman (Dika & Singh‚ 2002‚ p. 2). The meaning of social capital according to Coleman is resources that exist within relationships between actors and that facilitate a variety of social outcomes (Durfer‚ Parcel‚ & Troutman‚ 2013‚ p. 3). Furthermore‚ these relationships between actors are
Premium Sociology Psychology Social psychology
Ionic Bonds Essay The periodic table is a masterpiece of organized chemical information. It is a table of the chemical elements in which the elements are arranged by order of atomic number. The standard form of the table includes periods (horizontal rows in the periodic table) and groups (vertical rows in the periodic table). Atoms are the basic building blocks of ordinary matter. Atoms are made up of particles called protons‚ electrons‚ and neutrons. Protons carry a positive electrical charge‚
Premium Atom Ion Electric charge
9.1 Feminist Practice: Karen has demonstrated her depth of understanding Social Work theory and her talent for applying its practice. Karen was able to recognize the situation and view it with a socialist perspective. The initial information of two small children wandering around at night alone‚ pulls at our heart strings and exposes our bias. These biases make us susceptible to formulating rash knee jerk reactions of condemnation. Karen is aware of her biases and has demonstrated the ability to
Premium Woman Gender Gender role
during the period versus what they should have been had the decision been made not to expand in China. c. The company holds about half of its assets in the form of US Treasury bonds‚ and it keeps these funds available for use in emergencies. In the future‚ though SSC plans to shift its emergency funds from Treasury bonds to common stocks. Discuss how SSC’s stockholders might view each of these actions and how the actions might affect the stock price. ANSWER: A. B. TRANSACTION B is an
Premium Stock Security Stock market
1.1 Key principles of relationship theories - Stage theories in general describe how we go through distinct stages as we develop. Thus‚ rather than gradually changing‚ we typically make sudden shifts to different plateaus of perception and behaviour. Relationships go through a series of stages as they mature. Levinger’s model has ABCDE stages. A = Acquaintance/attraction. We meet other people and feel an initial attraction‚ often based on physical beauty and similarity. B = Build-up. We become
Premium Interpersonal relationship Sociology Domestic violence
Introduction Social construction theory is concerned with how people think about and even uses categories to structure people’s experiences and their analysis of the world (Giddens‚ Duneier‚ & Appelbaum‚ 2003). Social categories such as stereotypes and social ideas are socially constructed then they are accepted as the new reality even though there are facts to those situations. There are various ethnicity or race depictions in various TV shows globally which are influenced by various groups’ social ideas
Premium Black people Homosexuality Race
criminological theories. For centuries‚ humans have tried to explain ‘deviant’ behaviors that are considered criminal. Social scientists have often wondered why do people commit crimes? Why are some things considered criminal and some other things are not? Why do some people continue a life of crime while other individuals desist? All of these answers gave birth to criminology and the plethora of theories regarding criminal behavior. One of these criminological theories is The Self-Control Theory‚ or The
Premium Criminology Sociology Crime
Travis Hirschi‚ an American control theorist had his own views and ideas on why a delinquent commits crimes. Being a classical‚ choice theorist‚ he generated two major versions of control theory. The first being his control theory of delinquency‚ and this theory was presented in ‘Causes of Delinquency’ (1969)‚ which had an interesting origination in the social disorganisation perspective‚ which I will go into more detail about. The othe major theory was the Self control theory of Delinquency‚ mainly
Premium Crime Sociology Criminology
Aging Theory Persuasive MJS University of Phoenix Aging Theory Persuasive Theories about becoming old usually begin with ideas or beliefs that an individual has. For example‚ one may forget that he or she has his or her glasses on top of his or her head. Some might consider this as the memory decreasing because of age. Theoretical scientists‚ however‚ must use theories‚ which were tested by hypotheses and will guide their research
Premium Gerontology Old age Ageing