CASE 1: WARREN BUFFETT a) From Warren Buffett’s perspective‚ what is the intrinsic value? From Warren Buffett’s perspective‚ intrinsic value is the value will affect the future value performance of investment and business. It is defined as “the discounted value of the cash that can be taken out of a business during its remaining life” (Bruner‚ 2010). Why is it accorded such importance? In view of the fact that the intrinsic value is the “only logical way” (Bruner‚ 2010) which help investor
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Pag-ibig Fund started in 1978. But‚ it was only in 1981 when many employees came to know about Pag-ibig Fund or Home Development Mutual Fund (HDMF). It was the year employers started implementing Presidential Decree 1530‚ which was issued on December 14‚ 1980. This decreed Pag-ibig as mandatory for all employees and their employers. In June‚ 11‚ 1978‚ two Home Development Mutual Funds were established by the administration of then President Ferdinand Marcos (Presidential Decree 1530 ) -- one administered
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to you? (b) What might explain the fund’s performance? To what extent do you believe an investment strategy‚ such as Miller’s‚ explains performance? (c) Consider the mutual fund industry. What roles do portfolio managers play? What are the differences between fundamental and technical securities analysis? How well do mutual funds generally perform relative to the overall market? (d) What is capital-market efficiency? What are its implications for investment performance in general?
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investment option. She asked him to present her with two of the best options‚ and this is what he came up with: 1. A very low risk mutual fund. With this option‚ based on the information Brian provided‚ Maggie estimates that after 5 years she stands virtually zero chance of losing money‚ with an expected gain of approximately $7000. 2. A moderate-risk mutual fund. Based on the information Brian provided her‚ Maggie estimates that with this option she stands a 50 percent chance of making a $40000
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it the Schwab Way‚” USBanker‚ July 1998‚ p. 47. Other subsidiaries included Charles Schwab Europe‚ (CSE) a retail securities brokerage firm in the U.K.‚ Charles Schwab Investment Management (CSIM)‚ the investment advisor for Schwab’s proprietary mutual funds‚ and Mayer & Schweitzer (M&S)‚ a market maker in Nasdaq and other securities providing trade execution services to broker-dealers and institutional customers. Margot Sutherland and Kelly DuBois prepared this case under the supervision of
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THE ROLE OF INSURANCE IN SOCIETY. ( 5 Pages) You will all appreciate that the subject of this talk is so wide so I will make a brief summary of some of the main salient points that personally strike me as important. For those listening who are not so well versed in insurance I hope that this will open your eyes to our industry and for my colleagues who have been practicing our profession for many years please consider it as an “ aide memoire “. As our lives progress
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COMM 422 Winter 2013 Assignment 1 – Due Jan 31‚ 2013 Please hand in the answer sheet only. Student No.:___________________________ Student Name: _________________________ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 1-1 1 Which of the following measures the difference between the private costs of regulations and the private benefits for the producers
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$6‚300 2. You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75%. If the securities in which the fund invested increased in value by 11% during the year‚ and the fund’s expense ratio was 1.25%‚ your return if you sold the fund at the end of the year would be ____________%. A. 4.33 B. 3.44 C. 2.45 D. 6.87 E. 5.16 3. Which one of the following statements regarding closed-end mutual funds is false? A. The funds sometimes
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Notice Deposit‚ Fixed Deposit‚ and similar account by whatever name described with the banks‚ postal Office‚ National Saving centers and Financial Institutions etc. 5) SECURITIES All types including Shares‚ Debentures‚ N.I.T. Units‚ ICP Mutual Funds‚ Defence Saving‚ Special Saving Certificates and account thereof Prize Bonds‚ Government Securities etc.‚ 6) FUNDS Provident Fund‚ Gratuity‚ Annuity‚ etc‚ LOANS given to other and ALL OTHER INVESTMENTS etc. Place Deponent(s)
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NEW YORK (Reuters) - Newly issued shares in Facebook Inc (FB.O) may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors‚ expecting a first-day pop in price‚ instead saw it close just 0.6 percent above the IPO
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