Exercise on Unit 2 – Theories of Capital Structure 1. Companies U & L are identical in all respect except that U is unlevered while L is levered. Company L has Rs. 20 Lacs of 8% debentures outstanding. Assume a. All MM assumptions are met b. Tax rate is 35% c. EBIT is Rs. 6 Lacs d. Equity capitalization rate of company U is 10% Find the following: a. Value of each firm according to MM approach b. Suppose Value of U is Rs. 25 Lacs and Value of L Rs. 35 Lacs. According
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Are tax dollars used towards Criminals sitting in State Prisons a waste? Every year in the United States of America over 1.5 Billion Dollars of TAXES is paid by Residents of the United States. Weather the Tax money paid is used for Major crisis or unnecessary actions; we have no say. Although I have yet 2 years before I become involved in politics‚ government‚ credit‚ taxes etc. I stand firm when I say‚ I would hate to see even a penny ($.01) of mine being used to feed some bum in a cell who gets
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Grisham‚ an author from Arkansas‚ wrote a book called The Pelican Brief. John doesn’t just view his books as books. He views them as entertainment for everyone else. In The Pelican Brief‚ John shows how the brown pelican stirs conflict in court and leads to the murders of two Supreme Court Justices who both agree on one topic: the environment. The brown pelican is a “gull-like” bird that usually tops out around 11 pounds (Brown Pelican). These birds have multicolored streaks of brown‚ yellow‚ gray
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The Cold War had numerous affects on the United States foreign and domestic policy and way of life. Within the Cold War‚ individual events altered the United States for the better and worse. One result of the Bay of Pigs Invasion and communism becoming more prominent in Cuba was that Fidel Castro decided to militarily ally with the Soviets. This caused the spread of fear for enemies penetrating the government in the United States and people were attacked because they were accused of being communist
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History of State and Federal Prison According to "History Of State And Federal Prisons" (July 7‚ 2011)‚ “State prisons are primarily operated by state governments. Overcrowding is a persistent problem in most state and federal prisons. By the end of 2001‚ state prisons were operating between 1 and 16 percent over capacity. This makes the prisons more difficult to operate‚ and puts the health and safety of inmates and staff at risk. The prison systems known today are based on eighteenth century Age
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Social structure is the way society is organized into predictable relationships. There are five elements when you break down social structure. The first being status. We usually associate having a status to the amount of influence‚ wealth and fame. But sociologists use the term status to refer to any of the full range of socially defined positions within a large group or society‚ from the lowest to the highest. Examples of this are being a son or daughter‚ dental technician or the president of the
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Research Paper Topic: With the closing of Guantanamo Bay Prison and CIA prisons used to interrogate alleged terrorists using methods of torture to retain information‚ should torture continue to be used by the government and is it a useful tool? Identify your position and refer to sources. Should Torture Continue To Be Used By The Government? There is always somebody with more information‚ money‚ and power. Usually it is the government‚ for various reasons‚ that will not give out information regarding
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many social structures‚ most of which are sinful. However‚ there are a handful of graceful social structures in China as well. One extremely prevalent sinful structure in China is that China mistreats and abuses its poor for financial gain. However‚ China has been taking small steps to allay its pollution problem; a graceful social structure present in China is the fact that the government realizes the problem and is taking steps to help. Human dignity is being violated by the sinful social structures
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The history of state and federal prisons is quite interesting. Long ago‚ prisons did not really exist. Prisoners were housed in jails until trial‚ discharge‚ or execution. Since that time‚ state and federal prisons have been introduced and utilized. State prisons were the first to be invented. Prison facilities house criminals sentenced to one year or longer of incarceration‚ (usually felons). State prisons are run by the government of the individual state they are located in and the federal
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The state of prison healthcare in the United States tends to be a complicated issue‚ largely due to it being a hot topic when discussed with the public. Many inmates are in need of some form of healthcare‚ whether it be medication‚ counseling‚ or mental treatments. However‚ due to the current environment that these prisoners are in‚ they may not be receiving the care that they need and deserve. This travesty needs to be addressed and remedied posthaste because while prison inmates may be incarcerated
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