Chapter 1: Bond Prices‚ Discount Factors and Arbitrage 1. Use this list of Treasury bond prices as of January 15‚ 2013 (which should be taken as the current date for all the questions below except for question 7) to derive the discount factors for cash flows to be received in 0.5‚ 1‚ 1.5 and 2 years. Bond Price 6.0s of 7/15/13 102-15+ 5.0s of 1/15/14 103-7 3/4 8.0s of 7/15/14 107-24 4.0s of 1/15/15 100-23 1/2 Answer: (a) To find d(0.5) The equation from the 6.0s of 15 July
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CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting
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To the fearful it is threatening because it means that things may get worse. To the hopeful it is encouraging because things may get better. To the confident it is inspiring because the challenge exists to make things better.” With this inspiring statement‚ I firmly believe that CHANGE starts in our MIND. Somehow‚ we have different beliefs and attitudes that either contributes to the change that we want or otherwise worsen the situation. Nowadays‚ there are different kinds of people that exists
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CHAPTER I INCOME TAXES1 A. INDIVIDUAL INCOME TAX 1. Persons subject to the individual income tax For income tax purposes‚ individual taxpayers are classified into: a. Citizen (1) Resident citizen - is a citizen of the Philippines who has a permanent home or place of abode in the Philippines to which he/she intends to return whenever he/she is absent for business or pleasure. (2) Nonresident citizen - is a citizen of the Philippines who establishes the fact of his/her physical presence abroad with
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Sumerian Culture and Contributions The Sumerians were a people who lived in the southern portion of Mesopotamia from around 3500 B.C. to 1800 B.C.. The Sumerian people lived in twelve city states‚ famous among which ar Sumer and Ur. They shared a common language‚ Sumerian. Sumerian has no modern day descendants‚ it seems to have disappeared from human history as a spoken language‚ but lived on in written language. The Sumerians were an agricultural people‚ and they raised crops in three areas
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Bike reported net income of $500‚000. For 2011‚ Bike reported net income of $800‚000. Dividends of $300‚000 were paid in each of these two years. 49. How much income did Harley report from Bike for 2010? A. $120‚000. B. $200‚000. C. $300‚000. D. $320‚000. E. $500‚000. 26. Under the equity method‚ when the company’s share of cumulative losses equals its investment and the company has no obligation or intention to fund such additional losses‚ which of the following statements is true? A. The
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average tax rates for a corporation with an income level of $100‚000? Taxes = (0.15 × $50‚000) + 0.25 × ($75‚000 − $50‚000) + 0.34 × ($100‚000 − $75‚000) = $22‚250 Marginal tax rate = 34% Average tax rate = $22‚250/$100‚000 = 0.2225 = 22.25% The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1‚100‚000 and retained earnings at $3‚400‚000. The next year‚ retained earnings were listed at $3‚700‚000. The firm’s net income in 2011 was $900‚000. T here were no
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3. Discuss the causes of the Industrial Revolution from 1865-1895. Be specific in explaining how each point you make affected the economy. There were many factors that contributed to the industrial revolution. Money were popping up from a variety of different sources so business’ can expand‚ mining added silver and gold to bank reserves‚ investments from profits helped to stimulate the economy‚ and small investors started to invest in stocks because they thought it would help them get rich
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My decision to get a Masters Degree in Logistics and Supply Chain Management‚ at this point in my career‚ is precisely based on a question ‘Where I would be the in next five years’. Though a five year of professional work experience in the field of Logistics and Operations has given me the vast knowledge and command to cope with modern business challenges as a manager‚ yet I feel that current fast growing and competitive business world need vital strategic thinking and an adept to change. Globalization
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The definition of artistic practice is known as the way an artist goes about doing his/her work‚ it can include influences‚ ideas‚ materials‚ tools‚ techniques and skills. An artists influences‚ intentions and choices may be shaped by the innovations of other artists‚ for example‚ if the artists feel the same way about political‚ social and cultural issues. Concepts are usually reused but shown in different ways. Chosen artists that display this theory and have affected the development of modern
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