1. Why have riskless zero-coupon bonds been so successful with investors? Zero-coupon bonds have been successful because they can be purchased by investors at a deep discount from their face value and because the investor knows exactly how much they will collect in a lump sum at the bond’s maturity date. Zeros do not pay interest during the life of the bond and at maturity; the investor receives an amount equal to the initial investment plus the imputed interest. Zeros are offered for long-term
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An organization creates value by converting inputs into outputs. It takes several resources such as raw materials‚ machinery‚ information‚ knowledge‚ human resources‚ money and capital as inputs and applies appropriate production and transformation processes at the conversion stage to produce finished goods and services. Consumers purchase these goods and services to satisfy their needs. The environment‚ in which an organization operates‚ affects stages in the value-creation process
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Investment Management Case 1 COUGARS TEAM8: Kun Mao Xiaobin Yang Ruoxi Cao Yang Qiao Jing Liu Riskless zero-coupon bond is the bond bought at a price lower than its face value‚ with the face value repaid at the time of maturity. The zero-coupon bond is riskless because the investors know exact money they will receive when the bond is maturity. The investors purchase the bond in a lower price and get more money. No coupon is paid before maturity. The investors do not need to pay
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“The Cougar Physiology” 10/15/2012 The Cougar Physiology Kingdom: Animalia‚ Phylum: Chordata‚ Class: Mammalia‚ Order: Carnivor‚ Family: Felidae‚ Genus: Felis‚ Species: Concolor‚ or otherwise known as‚ Cougar. Cougars are also known as the Mountain Lion or puma and have the largest natural range distribution throughout the western hemisphere. This paper will cover characteristics of the cougar‚ the ancestry to the Cougar‚ and what adaptations the cougar has gone through to survive in its habitat
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Dating back 4000 years ago‚ a primitive culture called the ’beaker’ peoples were established in what is now known as England‚ these people were remarkably innovative and developed tools and the Stonehenge‚ a culturally protected site in modern day England and a true wonder of the world. These people had access to smithing‚ and due to the high amounts of tin and copper available‚ were able to develop iron tools which produced stronger weapons and made for more efficient farming. In the year 43 AD
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How did Manifest Destiny manifest itself? Manifest Destiny manifested itself in several ways during the period 1840-1896. Almost every major crisis or notable event was somehow related to manifest destiny. To understand the meaning of Manifest Destiny‚ we need to go back to its origins. The term Manifest Destiny was first used by John O´Sullivan in July-August 1845‚ in the Democratic review; “our manifest destiny to overspread the continent allotted by Providence for the free development of
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COURSE BOURDIEU AND BECKER THE TWO MAIN (COMPETING) CONTEMPORARY THEORETICAL FRAMEWORK FOR ART - the field theory (Bourdieu) and the art worlds theory (Becker) are the two theoretical frameworks scholars (economists‚ sociologists but also art historians) most often refer - both Bourdieu and Becker are widely cited across the world‚ even artists refer to their theoretical explanations of the socio-economic organization for art - the two theories share some common intuitions: 1. Both theories
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a) According to Howard Becker‚ central fact about deviance is that “it is created by society. Becker does not mean that the causes of deviance can be derived from the social environment of the deviant or the “social factors” that causes an individual to engage in deviant behavior. Rather‚ Becker means that social groups create deviance by creating the rules or norms that must be adhered to and if they are violated—the violation will result in what the group deems as being deviance. Thus‚ the individuals
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How does an organization create customer value? Marketing experts Don Peppers and Martha Rogers said: “Without customers‚ you don’t have a business.” It is such a simple‚ nevertheless‚ a scary thought. We live in a world of consumerism‚ in which the customer’s wants and desires greatly exceed their basic needs. Even though many see this concept as a threat to modern world society‚ it has created the extremely competitive marketplace for businesses. The companies are competing everyday to win over
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all of us. The two concepts of heroism are narcissism‚ which is natural self-interest‚ and self-expansion‚ which is the desire to sustain our existence. Becker points out that our attempts at getting others to know that we exist stems from our fear of death. We are not aware of it‚ but that fear is present behind all our normal functions. Becker believes that the fear of death is innate and plays a central role in our character development. It is the driving force behind our actions‚ belief‚ thinking
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