journal homepage: www.elsevier.com/locate/jbf The impact of bond rating changes on corporate bond prices: New evidence from the over-the-counter market Anthony D. May * Price College of Business‚ University of Oklahoma‚ 307 West Brooks‚ Norman‚ OK 73019‚ USA a r t i c l e i n f o a b s t r a c t I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade) are
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Different life styles equal different cultures. The list could go on and on‚ there are a ton of reasons as to why cultures are different‚ I think the harder answer to pinpoint is to why these ideologies change over time. I think cultures change over time because the world we know is always changing so an effect of this is a change in cultural habits. Science and technology is always evolving and changes the way we live so people must react to these
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Liberty Baptist Theological Seminary Evangelism Vision: A Lifetime Change A Paper Submitted to Dr. Harold D. Bryant In Partial Fulfillment Of the Requirements for the Course Contemporary Evangelism EVAN 565 By Michael McKelvey 19 August 2011 What is the first thing that pops into your head when you think of evangelism? That’s scary! Am I going to be rejected? It’s not my spiritual gift! This paper explains the Great Commission and its relationship to evangelism on the vision and challenge of
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his rights as king. He has sexual intercourse with the virgins of his town and acts as though he is a god. Although some readers of this classic book may say that Gilgamesh does not change from the beginning of the book‚ it can easily be interpreted the other way. Throughout the book‚ many things cause Gilgamesh to change. He gains a friend‚ he makes a name for himself by killing Humbaba‚ and he tries to become immortal because of the death of Enkidu.
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Why does fashion change? Human beings have been using clothes throughout history; however as we notice today garments that were worn in the past are not the same that are being worn today. In this essay I will develop the question ‘Why does fashion change?’ and if such changes are due to fashion as such or if there is any external influences such as marketing and media. Every change in society‚ including differences between cultures and living styles is reflected in the way people dress and
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shows the price of aluminium over the past six years. It can be seen from Figure 1 that the price of aluminium has fluctuated a great deal during this period. For example: between July 2008 and February 2009 the price fell by 57%; in August 2009 alone the price rose by 16%. In an essay of 1500 words or fewer‚ use economic analysis to explain changes in the price of aluminium over the period shown in Figure 1 and why the price fluctuations have been so great. Figure 1: The monthly LME spot price for aluminium
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“One moment can change a lifetime” “Everything happens for a reason.” This universal quote has been heard all across the world and has been said for centuries. There could be many meaning for this quote‚ but there is always one key word that is related to all‚ and that is change. Change occurs throughout one’s life‚ even without notice. Rather these changes are for the worst or the best‚ these changes gives you a new perspective in your life. It helps you open your eyes to what you could not
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Changes of Gasoline Retail Prices from 1999-2008 Economics James Bork Chris DeShaney October 11‚ 2010 Over the period of 1980 to 2010 the prices of gasoline have fluctuated a lot from lows to highs. There were some drastic prices increases from 1999 to 2008 changing from one dollar to four dollars. After 2008 the prices suddenly fell off drastically but never have returned to what they were in 1999. The main cause for the rise and fall of prices over the years can be attributed to the supply
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Abstract Language‚ like any other cultural entity‚ can change over time. Languages have been created out of necessity‚ blossomed‚ and have been snuffed out throughout history. But‚ why would something as seemingly strong as language die? It can be argued that “when a civilization disintegrates‚ so does its language since language is the medium that purveys the values of that civilization. As the culture evolves‚ so does its language” Iraki‚ 2005‚ p.5). Latin is a perfect example of a language that
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Evolution is change over a long period of time. An organism’s characteristics change over time due to its DNA. The DNA determines how an organism looks. The process of evolution is over millions of years. Scientists use fossils‚ embryology‚ comparative anatomy‚ and the biochemistry to get data fro the organisms of their evolutionary histories. For this purpose for doing this lab is to related organisms’ skull evolved or change over time. Fossils are past living remain organism that left behind and
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