Is Global Warming Real? Global warming has becoming an increasingly important issue in our environmentally conscious society as it is a problem affecting every aspect of the environment and the living beings everywhere on this planet. Yet‚ it is quite controversial as to its nature‚ cause‚ and the effects it will bring along in the future. The average temperature of the earth’s surface has risen by 0.8 degree Celsius since 1880. The International Panel on Climate Change (the IPCC)‚ based on the
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Is Global Warming real? The term global warming does not have a universal definition. It is a term used by many governments‚ organisations and companies to describe the rise in the average temperature on Earth’s surface. Deborah White says ‘Global warming refers to the increased temperature of Earth’s surface‚ including land‚ water and near-surface air’. The atmosphere is made up of various gases‚ some of these gases are called greenhouse gases. These natural gasses do not cause concern‚ however
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It was three o’ clock on a hot afternoon in Hong Kong in mid-2000. Larry Yung‚ Chairman of Citic Pacific Limited (“CPL”)‚ was having a board meeting with his property development team. From his window on the 33rd floor of Citic Tower‚ he could see the impressive Victoria Harbour and an undeveloped prime waterfront site. This piece of reclaimed land had been purchased by a company six months earlier at a public auction. Now‚ the owner wanted to dispose of it‚ and hence it was made available to CPL
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Real Options in Theory and Practice Answers to Selected End-of-Chapter Exercises Graeme Guthrie This document lists the final answers to selected exercises. A full solutions manual (with answers and working for all exercises) is available for instructors who adopt the book as a textbook. Chapter 2 2.1. (a) $32 million. (b) $29 million. (c) $31 million. Chapter 3 3.1. (a) πu = 0.302‚ πd = 0.698‚ V = 9.2566. (b) A = −0.9434‚ B = 0.15‚ V = 9.2566. 3.3. V = 10.38. 3.5. βx = 1.0: K = 0.9519
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Laura Martin: Real Options and the Cable Industry Introduction Laura Martin‚ an equity research analyst for cable stocks‚ believes that the best way to value cable stocks is through creative methods such as real options and not through more traditional or typical valuation methods such as EBITDA multiples‚ ROIC analysis and DCF analysis. In 1999 she presented at the Credit Suisse First Boston Broadband conference‚ where she wanted to portray the message that real options is a superior valuation
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Advanced Corporate Finance and Modeling – FINA0065-1 Assignment #1 – Laura Martin: Real Options and the Cable Industry 1. Consider the multiples analysis developed in Exhibits 2‚5 & 6 Please describe the method of ‘Multiples’ using case numbers and answer to the following questions: 1.1. What assumptions does this analysis rely upon? 1.2. How is Martin’s regression analysis different from/similar to traditional multiples analysis? 1.3. Do you agree with her interpretation of the regression
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Chapter 13 Real Options and Other Topics in Capital Budgeting Learning Objectives After reading this chapter‚ the student should be able to: ◆ Explain why conventional NPV analysis may not capture a project’s impact on the firm’s opportunities. ◆ Identify five different types of real options. ◆ Explain what an abandonment/shutdown option is‚ give an example of a project that includes this type of option‚ and explain what an option value is. ◆ Explain what a decision
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countries in January 2008. To Latin America and the Caribbean‚ Delta offered more than 500 weekly flights to 63 destinations in January 2008. It is a founding member of SkyTeam‚ a global airline alliance that provides customers with worldwide destinations‚ flights and services. In Early September of 2000‚ Delta Airlines was preparing to decide in which country it would allocate its regional contact center which would require an investment of $3-4 million. As we know multisite contact centers around
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Real Time Business Intelligence at Continental Airlines 1. Describe “active” data warehousing as it is applied at Continental Airlines. Does Continental apply active or real-time warehousing differently than this concept is Normally described? Explain your answer. Answer: as shown in the case Continental senior management decided to invest in enterprise data warehouse that all employees could use for quick access to key information about the business and its customers. The data warehouse initial
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Characteristics of Options r Definitions and Positions: - A Call Option gives its owner for a specified time the right to purchase an underlying good at a specified price (= exercise price or strike price) - A Put Option gives its owner for a specified time the right to sell an underlying good at a specified price (= exercise/strike price) - An American Option permits the owner to exercise (=buy/sell the underlying) at any time before or at expiration. A European Option can be exercised
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