Abstract Mutual Mistake of fact is when both parties of a contract make an assumption of fact when contract is formed and signed. The mistake must significantly change what you have to do under the contract‚ almost to the point where it’s an entirely different agreement. Although‚ if you knew there was a strong chance or probability of mistake at the time the contract was signed‚ you may have assumed the risk of that mistake. You therefore cannot use the mutual mistake defense. Not all cases
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Week 3 Time Value of Money and Valuing Bonds Chapter 6 55. Amortization with Equal Payments Prepare an amortization schedule for a five-year loan of $36‚000. The interest rate is 9 percent per year‚ and the loan calls for equal annual payments. How much interest is paid in the third year? Answer: $2‚108.52 56. Amortization with Equal Principal Payments Rework Problem 55 assuming that the loan agreement calls for a principal reduction of $7‚200 every year instead of equal annual payments. Answer:
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Stock exchange A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks‚ bonds‚ and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments‚ and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies‚ unit trusts‚ derivatives‚ pooled investment products and bonds. To be able to trade a security
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The Stock Market Crash of 1929 was devastating to the American economy‚ which up to that point had been thriving with ever increasing economic returns for investors and a bull market‚ which encouraged buying. The cause of the crash has been attributed to many things‚ but there is one underlying factor to all of the possible hypotheses‚ and that is the fact that more people in the population had more disposable income in the years leading up to the crash. Those people in the population who had moved
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TYPES OF BONDS There are a plenty amount of different types of bonds‚ existing nowadays. Actually‚ the bond market offers investors a lot more choices than the stock market. Which bonds to choose depends on the goals‚ tax situation and the risk tolerance of a person who is going to invest in bonds. The broad bond market includes in itself government‚ municipal‚ corporate‚ mortgage-backed or asset-backed securities and international bonds. Within each broad bond market sector it is possible to
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Lyons Document Storage Corporation: Bond Accounting In December 2008 Rene Cook sat in her cubicle trying to remember what she had learned in business school about bonds and bond accounting. Ms. Cook‚ a new MBA and special assistant in a training assignment with the company president‚ had just met with David Lyons‚ president of Lyons Document Storage Corporation. He had asked her to think about the possible consequences of repurchasing company bonds outstanding using cash that he felt could
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| Sears Holding Company | Individual Paper | | Gregory A. Squires | 10/15/2010 | | Contents HISTORY 4 Vision Statement 10 Mission Statement 12 Key Leaders 16 Organizational Culture 20 Organizational Structure 23 NAICS/SIC Codes 26 General Environmental Forces 28 Porter’s Five-Forces Model 35 Key Competitors 40 Competitive Profile Matrix 43 General Discussion on Stakeholders 46 Top 70 Stakeholders 47 Nutt&Backoff Model 53 Finn stakeholder Model
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Assignment no. 1 Fixed Income Securities and Markets Question A.1 Given the following bond: |starting date |30/09/2011 | |maturity date |30/09/2014 | |coupon rate |4.00% | |coupon frequency |annual | |day count |act/act | |nominal value |100 | a) Calculate the price of the security on
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1. What is a momentum investment strategy? Momentum is the phenomenon that stocks which have performed well in the past will continue to perform well in the future‚ and that stocks which have performed poorly will continue to perform poorly. Therefore a momentum investment strategy is to invest in short term portfolios that have high returns in the past‚ and to short those with low returns over the same period. 2. Analyze these portfolios. By analyzing monthly returns of all 10 portfolios from
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| GNC Holdings‚ Inc. | Operations/Supply Chain Management Overview and Analysis | | | | | | Executive Summary Background: GNC was founded by David Shakarian in 1960s‚ and specialized in yogurt and other healthy food such as honey‚ grains‚ and “healthy sandwiches”. Due to increasing demand‚ GNC expanded stores throughout the United States during the 1970s. However‚ the emergence of other competitors in the external environment and poor management internally lead to a difficult
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