Introduction 2 Major Theories in Finance Three major pillars of modern finance. Capital Asset Pricing Model (CAPM) Relates the risk of an asset to its required expected return. Dividend and Capital Structure Irrelevance (M and M) In a perfect world: i) A firm’s share value does not depend on the firm’s dividend policy. ii) The firm‟s total value does not depend on the amount of debt it has. Option Pricing Theory Can find the value of an option. Shares are a call option on the firm’s
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Earthquakes and Seismic Waves Earthquake-is violent shaking of Earth’s crust Focus-exact point within the crust where the fist movement occurs Epicenter-point on Earth’s crust directly above the focus Types of Seismic Waves P Wave Primary-1st Fastest Accordion-in and out S Wave Secondary Snake-like Can’t travel through liquid Surface Wave-roll through the top of the crust creating the most damage Measuring Earthquakes Mercalli scale -measures damage The Richter
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host an international sporting event‚ there is always the possibility that revenue will not exceed expenses. How would you respond to a local group that would rather have the city’s money spent on social programs? When a city is preparing a bid to host an international sporting event‚ some parts of the community will argue that the taxpayer’s money should be invested into social programs that will benefit the community‚ rather than into sporting events. It is a valid argument that hosting an international
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Thera‚ the volcanic caldera in Greece that violently erupted 3500 years ago spawning the myth of Atlantis‚ and wiping out most of the Minoan civilization‚ is deforming. Scientists suggest that this caldera‚ a crater-like volcano that has collapsed in the past‚ may erupt again‚ making the people of the island vulnerable. The deformation could cause many disasters such as tsunamis‚ earthquakes‚ and obviously eruptions. Scientists argue whether the volcanic caldera unrest is actually a threat to the
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Chapter 1: Introduction to Seismic Vulnerability Assessment 1. Background Earthquakes and other natural hazards can create disasters of uncontrollable magnitudes when they hit large metropolitan areas. Earthquake risk assessment is used to quantify potential social and economic losses from earthquakes. Risk assessment is an integral part of disaster mitigation. It provides the critical information about on the characteristics of potential disasters in a region and allows planners to identify
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Valid Contracts Victoria Glaser American Intercontinental University Abstract A contact is a legal binding agreement made between two parties. A contract is only enforceable if both parties involved in the contract have agreed to give or receive something of value. When going into an agreement or contract it is important to know the type of contract. This paper will explore the various types of contracts and the meaning of each. Express or implied contracts‚ unilateral
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Foreign Direct Investment Theory‚ Evidence and Practice Imad A. Moosa 1 Introduction and Overview WHAT IS FOREIGN DIRECT INVESTMENT? Foreign direct investment (FDI) is the process whereby residents of one country (the source country) acquire ownership of assets for the purpose of controlling the production‚ distribution and other activities of a firm in another country (the host country).1 The International Monetary Fund ’s Balance of Payments Manual defines FDI as `an investment that is made
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What causes a volcanic eruption? When a part of the earth’s upper mantle or lower crust melts‚ magma forms. A volcano is essentially an opening or a vent through which this magma and the dissolved gases it contains are discharged. Although there are several factors triggering a volcanic eruption‚ three predominate: the buoyancy of the magma‚ the pressure from the exsolved gases in the magma and the injection of a new batch of magma into an already filled magma chamber. What follows is a brief description
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RAPPEL A L’ORDRE: THE CASE FOR THE TECTONIC Kenneth Frampton Kenneth Frampton’s ‘Rappel a L’Ordre: The Case for the Tectonic’ identifies the issues in relation to the tectonic form‚ his intention is to make architecture step apart of just being part of a scenographic interpretation. The word tectonic is addressed from its different origins but overall referring to carpentry and its evolution into an aspect of poetry and art of construction. Tectonic objects are seen in two different forms;
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Importance of essential elements required for formation of valid contract The contract law is a situation where law is related to business transactions. In the situations good are purchased‚ sold‚ as well as moved through the contract. The employees are hired‚ land are developed‚ sold‚ bought leased or financed under the contract. Most of the businesses are based under contracts. Generally‚ the contracts represent foundation of the most of the commercial activities and therefore contract law stands
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