Towson University Department of Finance Principles of Financial Management (FIN331) Spring 2010 Exam I Name_____________________________ ID#_________________ 1. Which of the following statements is CORRECT? a. One of the advantages of the corporate form of organization is that it avoids double taxation. b. It is easier to transfer one’s ownership interest in a partnership than in a corporation. c. One of the disadvantages of a sole proprietorship is that the proprietor is exposed
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2. - Improves Product offerings * technical knowhow is also transformed in the country * Foreign capital not only brings along with it deeper pockets‚ but also i. greater product expertise‚ ii. better underwriting skills and iii. superior technology‚ all of which can be instrumental in enhancing the insurance sector greatly. * There can no longer be a one-size-fits-all kind of approach to business and both the core strength of the sector
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Streamline Program Pros and Cons The FHA streamline program aims to spare homeowners from the headache of refinancing their mortgage. Unlike a regular refinance process‚ FHA streamline refinancing doesn’t require as many documentation‚ and the underwriting process doesn’t take up as much time. Moreover‚ home appraisals‚ credit scores and employment or income evaluation aren’t necessarily taken into consideration. In other words‚ it provides a shortcut to refinancing. But the FHA streamline program
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in July 1987. Underwriting agreement was made between BP and both the domestic and international underwriters on 15 Oct 1987. The offering date was set for 30 Oct 1987. The price for both the fixed-price offer and the international offer was set at ￡3.30 payable in three installments. While the first installment of ￡1.20 was due immediately upon sale‚ the second and third installment of ￡1.05 were due on 30 Aug 1988 and 27 April 1989 respectively. Right after the underwriting agreement was
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7. Business etiquette in different countries. There are different opinions about what is polite or impolite. Different cultures express politeness in different ways. Even in the same country‚ there may be different views about what are good manners or bad manners. But the same rules apply everywhere. Politeness is about showing respect for others. It means thinking about other people’s feelings. In formal situations‚ we follow standard rules for politeness. In business‚ we are usually polite when
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FINANCIAL PERFORMANCE SYARIKAT TAKAFUL MALAYSIA 1. Introduction Syarikat Takaful Malaysia Berhad (Takaful Malaysia) was incorporated on the 29th of November 1984. The current authorised capital of Takaful Malaysia is RM500 million and paid-up capital is RM162.817 million. It commenced operation on the 22nd of July‚ 1985 prior to its official launching on the 2nd of August 1985 by the then Prime Minister of Malaysia‚ Tun Dr. Mahathir Mohamed The incorporation of Takaful Malaysia was based on the
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three categories (i) Public Sector Banks‚ (ii) Private Bank and (iii) Foreign Banks. LEASE -FINANCE EQUIPMENT INVESTMENT BANKS Investment banks perform a variety of functions. Primarily‚ they assist corporations to raise equity-capital by underwriting the public issues. They also assist companies desiring of mergers and acquisition and derivatives. In addition‚ they provide services like trading of derivative‚ foreign exchange‚ fixed income instruments and shares listed on the
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Historical development of Vietnam Stock Exchange The Stock Trading Center of Vietnam (‘STC’)‚ located in Ho Chi Minh City ‚ was officially inaugurated on July 20‚ 2000‚ and trading commenced on July 28‚ 2000. Initially‚ two equity issues were listed‚ Refrigeration Electrical Engineering Joint Stock Corporation (‘REE’) and Saigon Cable and Telecommunication Material Joint Stock Company (‘SACOM’). As of this date‚ an additional of 20 issues is also listed with a current market capitalization
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WEST AFRICN INSTITUTE FOR FINANCIAL AND ECONOMIC MANAGEMENT REGIONAL WORKSHOP ON MONEY MARKET DEVELOPMENT AND TECHNIQUES OF SECURITIES TRADING-LAGOS‚ NIGERIA MARCH 4-14 2008 THE BOND MARKET IN GHANA-CHALLENGES FOR ITS DEVELOPMENT A. Introduction A bond has been defined as a debt (loan) instrument which requires the issuer to repay the investor the amount borrowed with interest over a predetermined period of time. Bonds can be callable‚ redeemable‚ convertible‚ extendable or retractable
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1. What is Netscape’s strategy? What must be accomplished if it is to be highly successful going forward? How risky is its current competitive position? (1 points) Netscape’s strategy: * Firstly‚ Netscape with its strategy “give away today and make money tomorrow” offered people the free access to its software in order to build a customer base as well as the foundation of entering the Internet market. * After paying Spyglass a one-time fee for the original Mosaic code‚ Netscape made its
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