The characteristic of a convertible bond The convertible bond is one kind of equity-linked bonds. The term of the bond entitles bondholder to convert bonds into shares of the company or another company in the same group‚ at an agreed-upon conversion price‚ among a fixed period. The reason why it is made in this form is that the issuer can benefit from four aspects as follow‚ (1) better terms. A convertible bond have a lower interest rate‚ less restrictive covenants or the subordination of bondholders’
Premium Bond Stock market Stock
From a positive intention to a partial disaster‚ eight words that describe the Georgia Colony of England perfectly. Inspired by his friend who died in prison from debt‚ James Oglethorpe‚ co-creator of the colony‚ intended the colony to be a way for debtors from prison to pay their debts off to England. However‚ King George and the England Parliament disagree with the idea of having hundreds of debtors to be sent over sea‚ towards a land very unknown to England. King George actually liked the idea
Premium Georgia Colony Georgia
Managing Committee of Sindh Red Cross/Red Crescent Society beginning in 1941. He was involved in shaping a panel of Zarathushti Trustees to help‚ house and reserve the Zarathushti displaced people from Iran. He was trustee for BVS boys’ school and Parsi girls’ schools. He was also trustee for BMH Parsi Hospital. He was the Founder and President of the Deaf and Dumb Center in Karachi – a place in charge of restoring the larger part of Deaf and Dumb individuals in Karachi‚ Pakistan. He was additionally
Premium Karachi Hotel Hotel chains
In the context of a company and an LLC‚ the operator is the company or LLC itself. The operator of a limited partnership is the general partner and a unit trust’s operator is its trustee. In terms of documentation need to establish the fund‚ each fund will typically have an offering document or prospectus‚ documentation between the fund and its service providers and subscription agreement. The constitutional documentation of the
Premium Economics Investment Finance
LAW OF SUCCESSION LONGER QUESTIONS 1. Indicate whether the following statements are true or false and substantiate your answer. (a) A child’s share is calculated by dividing the value of the intestate estate by the number of children of the deceased plus one. (3) False‚ a child’s share is calculated by dividing the value of the intestate estate by the number of children of the deceased who have either survived him or have predeceased him but are survived by their
Premium Inheritance
Chapter 4: The Valuation of Long-Term Securities 1. What is the market value of a $1‚000 face-value bond with a 10 percent coupon rate when the market’s rate of return is 9 percent? Answer: More than its face value. 2. If an investor may have to sell a bond prior to maturity and interest rates have risen since the bond was purchased‚ the investor is exposed to __________. Answer: interest rate risk 3. Beta Budget Brooms will pay a big $2 dividend next year on its common stock
Premium Bond Yield Stock
RJR NABISCO CASE Guzmán Colilla Barreiro Asset Valuation 02/04/15 Questions for RJR Nabisco case 1. What was the value of RJR Nabisco under Asset Beta: = 0.50 = 0.92 Ba=(0.50+0.92)/2 = 0.7 Assume that Rf = 9% (from the Marriott Case) Assume that Rp=8% (from the Marriott Case) Ka = Rf + BARp Ka = 9% + (0.7)(8%) = 14.6% a) The pre-bid operating strategy? b) The Management Group’s strategy? c) KKR’s operating strategy? 2. What accounts for any difference in the
Premium Leveraged buyout Arrangement The Long Haul
“The First Federalist:” Johannes Althusius “ ‚ the author says that Althusius has been called by Carl Joachim Friedrich : “the most profound political thinker between Bodin and Hobbes ” . Althusius was a protestant that became a public trustee in Bremen after he was a law professor at
Premium Protestant Reformation Political philosophy Philosophy
REACTOR CATASTROPHE IN JAPAN AN OPEN LETTER TO THE WORLD’S ENVIRONMENTAL MINISTERS By C. G. Weeramantry Former Vice President‚ International Court of Justice President‚ International Association of Lawyers against Nuclear Arms Founder Trustee‚ Weeramantry International Centre for Peace Education & Research The earthquake in Japan and the resulting damage to nuclear power plants have sent shock waves and a dire note of warning to the world’s entire population. Despite their obvious
Free Nuclear power Nuclear fission Plutonium
In today’s society it is crucial to establish a basis of trust within an organization in order to remain competitive and successful. It is the foundation upon which all relationships are built. If employees feel you don’t trust them to do their jobs correctly‚ they will be unwilling to do much without your approval. But on the other hand‚ when they feel trusted‚ and that you believe they will do the right things‚ they will naturally want to do things well and be deserving of your trust. Trust
Premium