unlimited liability. Investors in corporations have limited liability. They can lose their investment‚ but no more. Chapter 2 How to calculate Present values Question 6: Perpetuities An investment costs $1‚548 and pays $138 in perpetuity. If the interest rate is 9%‚ what is the NPV? Answer NPV = −1‚548 + 138/.09 = −14.67 (cost today plus the present value of the perpetuity). Question 7: Growing perpetuities A common stock will pay a cash dividend of $4 next year. After that‚ the dividends
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Hosseini illustrates the effects of past events on Amir’s present actions‚ attitudes‚ and values. The effects were both positive and negative. Past events can “change the course of a whole lifetime”. The raping event that happened during Amir’s childhood affects his actions even during his adulthood. After the rape event‚ Amir feels guilt and that guilt made him go on the road of redemption. The actions of Amir saving Sohrab were driven by this guilt from the past. Those actions were not done by a
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Philippine Economy at Present During 1960’s the Philippine economy has experienced repeated boom-and-bust cycles in the 5 decades since the nation achieved independence from the United States. In 1960s its economy ranked as the second most progressive in Asia‚ next to that of Japan. After 1965‚ when Ferdinand E. Marcos became president‚ the nation experienced economic problems and social unrest‚ especially from the 1970s‚ when corruption and cronyism (the practice of appointing friends to well-paid
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the word in their past tense or past participles form while irregular verbs can be the same or changed entirely. * Some examples for regular verbs : * Cook-----Cooked----Cooked * Play-----Played----Played * Gain-----Gained----Gained * Irregular verbs : * Sing----Sang----Sung * Buy---Bought---Bought * Cut----Cut----Cut * Be----Was/Were----Been * Past participle usually comes with has/had/have in front of the participle while simple past may or may not need
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1. If you deposit $10‚000 in a bank account that pays 10 percent interest annually‚ how much money will be in your account after 5 years? 2. What is the present value of a security that promises to pay you $5‚000 in 20 years? Assume that you can earn 7 percent if you were to invest in other securities of equal risk. 3. If you deposit money today into an account that pays 6.5 percent interest‚ how long will it take for you to double your money? 4. Your parents are planning to retire in 18
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Chloroplasts are organelles present in plant cells and some eukaryotic organisms. Chloroplasts are the most important plastids found in plant cells. It is the structure in a green plant cell in which photosynthesis occurs. Chloroplast is one of the three types of plastids. The chloroplasts take part in the process of photosynthesis and it is of great biological importance. Animal cells do not have chloroplasts. All green plant take part in the process of photosynthesis which converts energy into
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The Past and Future of Competitive Advantage By Clayton Christensen The author introduces to us that the concept of competitive advantage has inspired strategists in imitating the strategies of successful companies. However‚ the success of strategies is relative to the conditions of a particular place at a particular time— that not all strategies used by successful companies will work for others. Some companies that have economies of scale‚ integration and nonintegration‚ and process-based core
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1. How much will $1000 deposit in savings account earning a compound annual interest rate of 6% be worth at the end of the following number years? a) 3 years $1‚191 b) 5 years $1‚338 c) 10 years $1‚791 2. If you require a 9% return on your investment which would you prefer? a) $5‚000 today PV = $5‚000 b) $15‚000 five years from today PV = $9‚748.50 c) $1‚000 per year for 15 years PV = $8061 Select option b
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mysterious past are revealed. Nick initially reflects on his first impression on Gatsby which is based on rumours and questions surrounding Gatsby. Gatsby’s stories fascinate Nick‚ but Nick is doubtful that he is being told the entire truth. From Nick’s perspective‚ Gatsby has a very charismatic personality‚ which makes many people believe the things that he says. Throughout the first few chapters‚ Jay Gatsby’s mysterious character and past is the main focus. Nick creates different theories about Gatsby’s
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C H A P T E R S I X The Past and Future of Competitive Advantage CLAYTON M. CHRISTENSEN Competitive advantage is a concept that often inspires in strategists a form of idol worship—a desire to imitate the strategies that make the most successful companies successful. It is interesting‚ however‚ that strategists have viewed precisely opposite factors to be sources of competitive advantage at different points in the histories of a number of industries. For example‚ Henry Ford’s emphasis on
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