Primecoin gets its name from the unique algorithm used to mine it. Bitcoin miners use a hashcash algorithm‚ which acts as a proof-of-work to verify legitimate Bitcoins and eliminate duplicates. Primecoin miners‚ on the other hand‚ look for Cunningham chains‚ long strings of prime numbers. As it turns out‚ increasingly enormous prime numbers are exceedingly valuable for RSA encryption‚ which allows two users to pass secret messages back and forth‚ and has been the standard for confidential message
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Caleb Johnson Capital Structure Theory Working Capital Management Dr. Woodward 10/14/14 Capital Structure Theory Part a. (Capital Structure) Capital structure is very important. Not only does it influence the return a company earns for its shareholders but can also be a determining factor on whether or not a firm survives a recession. A company’s capital structure is a mix of their short-term debt‚ long-term debt‚ and equity. A firm’s capital structure is the way the firm finances all of its
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PROPOSAL Robi Axiata Limited is one of the most renowned telecom companies of Bangladesh. The company is a joint venture between Axiata Group Berhad‚ Malaysia and NTT DOCOMO INC‚ Japan. Initially the company was known as Telekom Malaysia International (Bangladesh) which started operation in Bangladesh in 1997 with the brand name AKTEL. Later‚ on 28th march 2010‚ the product was rebranded as Robi and the company is now called Robi Axiata Limited. The product was redesigned adding more value for its
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User Codi A Eby Course BA 520: Financial Strat/Tech(68796-W15) Test Part 6 Quiz Started 1/16/15 3:25 PM Submitted 1/23/15 12:13 PM Status Completed Attempt Score 69 out of 75 points Time Elapsed 164 hours‚ 48 minutes. Instructions Question 1 3 out of 3 points The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm’s stock price. Correct Answer: True Question 2 3 out of 3 points The dividend irrelevance theory‚ proposed
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EX-03 CHAPTER 3- Exercises Solutions 1. Baseband transmission means sending a digital or an analog signal without modulation using a low-pass channel. Broadband transmission means modulating a digital or an analog signal using a band-pass channel. 2. Optical signals have very high frequencies. A high frequency means a short wavelength because the wavelength is inversely proportional to the frequency ( = c/f)‚ where c is the propagation speed in the media. 3. The frequency domain of a voice signal
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American economist Franco Modigliani and Merton H. Miller published The Cost of Capital‚ Corporation Finance and the Theory of Investment (Hereafter MM theory); a paper presented the initial MM theory‚ which states that under a certain market price process‚ in the absence of taxes‚ bankruptcy costs‚ and asymmetric information‚ and in an efficient market‚ the value of a firm is unaffected by how that firm is financed. It does not matter if the firm ’s capital is raised by issuing stock or selling
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2015SP1-FIN-65151X-01 / Accounting & Finance / Professor Francois Silatchom MODULE 3 POWERLINE NETWORK CORP. Operating Leverage‚ Financial Leverage‚ and the Optimal Capital Structure TEAM D1 Laura Hamin – lhny86@nycap.rr.com Raymond Negron – ffnegron@hotmail.com Eulises Roman – ermediaus@aol.com Myeshia Wagner – mrs.wagner1982@yahoo.com Table of Contents Executive Summary 3 Introduction 3 Analysis 4 Figure 1: Risk Comparison between Plans L and H 4 Figure 2: Operating probability
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CHAPTER 12 QUESTIONS 12-1 Operating leverage affects EBIT and‚ through EBIT‚ EPS. Financial leverage generally has no effect on EBIT—it only affects EPS‚ given EBIT. 12-2 Because Firm A has a higher fixed operating costs‚ its operating income will change by a greater percentage than Firm B’s operating income if sales change. Firm A has a higher degree of operating leverage than Firm B. 12-3 If sales tend to fluctuate widely‚ then cash flows and the ability to service fixed charges
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Everything You Wanted to Know About Logic Models But Were Afraid to Ask This paper addresses situations where a private foundation designs an initiative and awards grants to a number of sites to participate in the initiative in their local setting. The basic ideas are applicable to other situations. What is a Logic Model? The term "logic model" comes from the evaluation field‚ but these models don’t just belong to evaluators or the evaluation plan. As the term suggests‚ they are a basic
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Research findings: Case: Jaafar Shaari & Siti Jama Hashim v Tan Lip Eng & Anor Facts: The issue here is regarding the police report that was in Part II of the agreed bundle. It was agreed between the parties that Part II of the agreed bundle of documents would consist of documents in which formal proof was dispensed with but the contents of which were not admitted. The respondents’ solicitors wrote a letter to the appellant’s solicitors stating ‘ we suggest that the police report… be tendered
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