...Korea Australia Hong Kong Japan Netherlands (regist'd in APNIC) Taiwan Singapore New Zealand Thailand Malaysia Philipines Indonesia Vietnam Number of Class C Number of usable IP networks numbers 16,803,956.004 4,268,204,825 278,935.125 70,849,522 124,237.063 31,556,214 111,420.332 28,300,764 86,216.586 21,899,013 68,468.125 17,390,904 67,712.000 17,198,848 60,931.000 15,476,474 19,264.004 4,893,057 18,901.625 4,801,013 13,609.000 3,456,686 12,089.000 3,070,606 9,215.250 2,340,674 7,098.000 1,802,892 3,255.000 826,770 Asia Pacific IP Number Growth 100,000 Number of Class-C IP-number allocation 10,000 1,000 100 BN HK ID JP KH LA MN PH SG TH TW VN 10 /04 /12 /10 /11 /12 /01 /03 /05 /06 /07 /08 /09 /10 /11 /02 /03 /04 /05 /06 /07 /08 /09 /11 /12 /01 /02 /03 /04 /05 /06 /08 /09 /10 /11 /12 2006 /02 /01 /07 /01 2007 2003 2003 2004 2004 2004 2004 2004 2004 2004 2004 2004 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006 2006 2006 2006 2006 2006 2006 2006 2006 2004 2005 2006 2004 2004 2005 2006 Year/Month Important Internet Statistics of Thailand Thaweesak...
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...ÐÏࡱá>þÿ þÿÿÿQRSTUÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿýÿÿÿPþÿÿÿþÿÿÿ !"#$%þÿÿÿ'()*+,-./0123456789:;?@ABCDEFGHIJKLMNOþÿÿÿþÿÿÿýÿÿÿýÿÿÿýÿÿÿýÿÿÿýÿÿÿWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~€Root EntryÿÿÿÿÿÿÿÿÀFUÞ®§ÇObjectsÿÿÿÿÿÿÿÿÿÿÿÿ¸Ô®§ÇUÞ®§ÇQuill ÿÿÿÿ ¸Ô®§ÇUÞ®§ÇEscher ¸Ô®§ÇUÞ®§ÇVBAÿÿÿÿÿÿÿÿÿÿÿÿ¸Ô®§Ç¸Ô®§ÇEnvelope ÿÿÿÿþÿÿÿInternalÿÿÿÿÿÿÿÿÿÿÿÿ Contentsÿÿÿÿÿÿÿÿÿÿÿÿ&jSCompObjÿÿÿÿ^SummaryInformation( ÿÿÿÿl>DocumentSummaryInformation8ÿÿÿÿÿÿÿÿÿÿÿÿ˜EscherStmÿÿÿÿ ÿÿÿÿHþÿÿÿþÿÿÿþÿÿÿþÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿþÿÕÍÕœ.“—+,ù®0h8@ HPX`ä¨ þÿ ÿÿÿÿÀFMicrosoft Publisher 3.0 MSPublisher.3ô9²qþÿ ...
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...de comercio mundial /Informe Detallado País-Productos País: Producto/s: * Estados Unidos 091020 Informe solicitado para el periodo: 2009 - 2012 Contenido: Estadísticas mundiales / Estados Unidos Pág. 2 - Comercio Mundial Pág. 3 - Exportación (Productos) Pág. 5 - Clientes de los cinco principales productos Pág. 8 - Principales productos en crecimiento Pág. 8 - Clientes de los cinco principales productos en crecimiento Pág. 11 - Importación (Productos) Pág. 13 - Proveedores de los cinco principales productos Pág. 16 - Principales productos en crecimiento Pág. 16 - Proveedores de los principales productos en crecimiento Estadísticas de los productos seleccionados / Estados Unidos Pág. 19 - Exportación (Evolución) Pág. 20 - Principales clientes Pág. 22 - Proveedores de los cinco principales clientes de Estados Unidos (Valor) Pág. 25 - Proveedores de los cinco principales clientes de Estados Unidos (Crecimiento) Pág. 28 - Importación (Evolución) Pág. 29 - Principales proveedores Pág. 31 - Clientes de los cinco principales proveedores de Estados Unidos (Valor) Pág. 34 - Clientes de los cinco principales proveedores de Estados Unidos (Crecimiento) Comparativa Estados Unidos / AMERICA DEL NORTE / productos seleccionados Pág. 37 - Estados Unidos-AMERICA DEL NORTE** (producto/s). Comparativa para mayores mercados destino de la exportación (Valor) Pág. 39 - Estados Unidos-AMERICA DEL NORTE** (producto/s). Comparativa para mayores mercados destino de la exportación TOTAL...
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...Oil and Stock Index Returns Roengchai Tansuchat, Chia-Lin Chang, Michael McAleer WORKING PAPER No. 4/2010 Department of Economics and Finance College of Business and Economics University of Canterbury Private Bag 4800, Christchurch New Zealand WORKING PAPER No. 4/2010 Conditional Correlations and Volatility Spillovers Between Crude Oil and Stock Index Returns Roengchai Tansuchat1, Chia-Lin Chang2, Michael McAleer3 January, 2010 Abstract: This paper investigates the conditional correlations and volatility spillovers between crude oil returns and stock index returns. Daily returns from 2 January 1998 to 4 November 2009 of the crude oil spot, forward and futures prices from the WTI and Brent markets, and the FTSE100, NYSE, Dow Jones and S&P500 index returns, are analysed using the CCC model of Bollerslev (1990), VARMA-GARCH model of Ling and McAleer (2003), VARMA-AGARCH model of McAleer, Hoti and Chan (2008), and DCC model of Engle (2002). Based on the CCC model, the estimates of conditional correlations for returns across markets are very low, and some are not statistically significant, which means the conditional shocks are correlated only in the same market and not across markets. However, the DCC estimates of the conditional correlations are always significant. This result makes it clear that the assumption of constant conditional correlations is not supported empirically. Surprisingly, the empirical results from the VARMA-GARCH and VARMA-AGARCH models provide little evidence...
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...Asia Insurance Limited Producer Wise Outstanding Statement For the period from 01-Jan-2000 to 12-Nov-2012 Deposit Date from 01-Jan-2000 to 12-Nov-2012 Name : Super Oil ( 99904 ) Branch Name : Head Office MR No. 20985 Doc Date 25-Sep-06 Document No. AIL/HO/MC-437/09/06 Insured Name Super Oil Refinery Ltd O/S Type Part Sub Total of Part : Premium 181,693 181,693 181,693 VAT 0 0 0 Stamp 0 0 0 Total 181,693 181,693 181,693 Count # 1 Name : INCONTRADE ( 99909 ) Sub Total: Branch Name : Head Office MR No. 74514 Doc Date 16-Aug-11 Document No. AIL/HO/MV/PV/CERT-052 8/08/2011 Insured Name Incontrade Ltd O/S Type Part Sub Total of Part : Premium 1,918 1,918 1,918 183,611 VAT 0 0 0 0 Stamp 0 0 0 0 Total 1,918 1,918 1,918 183,611 Count # 1 Sub Total: Grand Total: Name : Hon'ble Director Ms.Farzana Afroze ( 103009 ) Branch Name : Local Office MR No. 59426 Doc Date 27-Jul-10 Document No. AIL/LO/IAR/P-001/07/201 0 Insured Name Samuda Chemical Complex Ltd O/S Type Part Sub Total of Part : Premium 632,117 632,117 632,117 VAT 0 0 0 Stamp 0 0 0 Total 632,117 632,117 632,117 Count # 1 Name : Hon'ble Director Mr.Mohammad Mustafa Haider ( 103010 ) Sub Total: Branch Name : Local Office MR No. 22492 24426 24451 24452 24470 26403 26476 27886 27887 27929 30966 31002 31003 31004 31005 31014 31015 31016 Doc Date 02-Apr-07 04-Apr-07 24-Apr-07 24-Apr-07 08-May-07 03-Jun-07 17-Jun-07...
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...Answer Key Transparencies Provides transparencies with answers for each lesson in the Student Edition ISBN 0-07-828001-X 90000 9 780078 280016 PQ245-6457F-PO1[001-019].qxd 7/24/02 12:18 PM Page 1 TF06 Manish 06:BOOKS:PRD:PQ245_64575F FINAL DELIVERY:PQ245-01: Chapter 1 Solving Equations and Inequalities Lesson 1-1 Expressions and Formulas Pages 8–10 1. First, find the sum of c and d. Divide this sum by e. Multiply the quotient by b. Finally, add a. 2. Sample answer: 3. b; The sum of the cost of adult and children tickets should be subtracted from 50. Therefore, parentheses need to be inserted around this sum to insure that this addition is done before subtraction. 4. 72 5. 6 6. 23 7. 1 14 Ϫ 4 5 8. Ϫ2 9. 119 10. 0 11. Ϫ23 12. 18 13. $432 14. $1875 15. $1162.50 16. 20 17. 3 18. 29 19. 25 20. 54 21. Ϫ34 22. 19 23. 5 24. 11 25. Ϫ31 26. 7 27. 14 28. Ϫ15 29. Ϫ3 30. Ϫ52 31. 162 32. 15.3 33. 2.56 34. Ϫ7 35. 25 1 3 36. about 1.8 lb 37. 31.25 drops per min 38. 3.4 39. 2 40. 45 ©Glencoe/McGraw-Hill 1 Algebra 2 Chapter 1 PQ245-6457F-PO1[001-019].qxd 7/24/02 12:18 PM Page 2 TF06 Manish 06:BOOKS:PRD:PQ245_64575F FINAL DELIVERY:PQ245-01: 41. Ϫ4.2 42. 5.3 43. Ϫ4 44. 75 45. 1.4 46. Ϫ4 47. Ϫ8 48. 36.01 49. 2 yϩ5 2 b 2 1 6 50. a 51. Ϫ16 52. 30 53. $8266.03 ...
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...06 Solutions 46060_Part1 5/27/10 3:51 PM Page 329 © 2010 Pearson Education, Inc., Upper Saddle River, NJ. All rights reserved. This material is protected under all copyright laws as they currently exist. No portion of this material may be reproduced, in any form or by any means, without permission in writing from the publisher. 6–1. Draw the shear and moment diagrams for the shaft. The bearings at A and B exert only vertical reactions on the shaft. A B 250 mm 800 mm 24 kN 6–2. Draw the shear and moment diagrams for the simply supported beam. M A 2m 2m 2 kN m 4 kN B 2m 329 06 Solutions 46060_Part1 5/27/10 3:51 PM Page 330 © 2010 Pearson Education, Inc., Upper Saddle River, NJ. All rights reserved. This material is protected under all copyright laws as they currently exist. No portion of this material may be reproduced, in any form or by any means, without permission in writing from the publisher. 6–3. The engine crane is used to support the engine, which has a weight of 1200 lb. Draw the shear and moment diagrams of the boom ABC when it is in the horizontal position shown. a + ©MA = 0; 4 F (3) - 1200(8) = 0; 5 A -Ay + Ax 4 (4000) - 1200 = 0; 5 A 3 ft B 5 ft C FA = 4000 lb 4 ft + c ©Fy = 0; + ; ©Fx = 0; Ay = 2000 lb 3 (4000) = 0; 5 Ax = 2400 lb *6–4. Draw the shear and moment diagrams for the cantilever beam. 2 kN/m A 2m 6 kN m The free-body diagram of the beam’s right segment sectioned through an arbitrary point shown in Fig. a will be used to...
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...as Dänisches Bettenlager in Germany and Austria or JYSK in Switzerland and France. JYSK Franchise and other companies in JYSK Holding A/S have also not been included. We have given this Annual Report the title ”Forward – together”. This is partly because our expansion is continuing and partly because one of our great strengths is our esprit de corps and sense of community among JYSK's 14,000 employees. A strong sense of community and professional advice for our customers was our basic philosophy when the first JYSK store opened on Silkeborgvej in Aarhus almost 30 years ago. This is still our philosophy today – and it will be in the future. Happy reading! Lars Larsen Chairman of the Board Jan Bøgh Managing Director Lars Larsen opened his first store in 1979. JYSK is now an international group with approximately 1,450 stores in 32 countries and more than 14,000 employees. JYSK wants to offer everyone a great bargain and has ambitions to open shops across the world. The group is owned by Lars Larsen, and the annual turnover is approximately 15 billion Danish kroner. 2 Introduction INTRODUCTION This Annual Report reviews the profit and loss for the companies of JYSK Nordic. The Report also includes the company's overall profit and loss as well as a review of developments in our various markets. JYSK Nordic consists of: JYSK A/S, Denmark JYSK AS, Norway JYSK Sp. z o.o, Poland JYSK Kft, Hungary JYSK s.r.o, Slovakia JYSK d.o.o, Slovenia JYSK d.o.o, Croatia All the...
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...Calculating preliminary statistics Using the data, the daily log return was calculated Daily log return = ln (△close pricei+1/close pricei) We assumed that the stock price follows Geometric Brownian Motion with constant mean[pic] and standard deviation[pic]. Therefore, the return of the stock was assumed to be normally distributed with mean [pic] and standard deviation [pic]. So we picked up n-days samples of stock prices and estimated the annualized volatility as follows. Next, we calculated the recent historical volatility. Here, n denotes the number of observations (business day), Si denotes the stock price at the end of the i-th interval (i=0, 1, … , n), [pic] denotes the length of the time interval in years (For daily observations, 1/252(business day)) [pic][pic][pic] [pic] = [pic] Estimated daily volatility S = 0.01042889 Estimated annualized volatility [pic] = 0.1655535 Continuous dividend yield (calculated from the notification) q = 0.028 (Dividend payment= $0.57/share...
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...06/06/12 HOME ABOUT Resep Lasagna | InfoResep.com InfoResep.com Share food & beverage recipt Berbagi info resep masakan online Gaji 45 Juta/Bulan,Mau?? Kerja Mudah,Gaptek Tidak Masalah, Dijamin 400% Sukses, Perbesar PENIS 169rb. PIus seks TAHAN LAMA! Tanpa obat, 100% alami - www.ilmukejantanan.com Resep Lasagna Posted by inforesep Like 544 people On August - 2 - 2 009 Hidangan asal Italia ini adalah salah satu fav oritny a artis Susan Bachtiar lho… Resep Bahan Lasagna : 8 lembar pasta lasagna kering, rebus matang 1 50 gram keju mozzarella, parut 3 sendok makan keju parmesan Resep Bahan Saus Bolognaise : 2 sendok makan mentega tawar 200 gram bawang bombay , cincang halus 4 siung bawang putih, cincang halus 500 gram daging sapi giling 500 gram tomat merah rebus, kupas, cincang 1 50 gram wortel, potong dadu 1 /2 cm 1 50 ml kaldu sapi 1 sendok makan pasta tomat 1 1 /2 sendok teh garam 1 sendok makan gula pasir 1 sendok teh merica bubuk 1 /2 sendok teh oregano kering 2 lembar daun bay Resep Bahan Saus Becham el : 2 sendok makan mentega tawar 3 sendok makan tepung terigu serba guna 1 liter susu cair 1 /4 sendok teh pala bubuk 1 /4 sendok teh merica bubuk 1 /2 sendok teh gula pasir 1 /4 sendok teh merica bubuk 1 sendok teh garam 50 gram keju cheddar parut Cara Mem buat Lasagna : 1 . Saus bolognaise : Panaskan mentega, tumis bawang hingga harum. Masukkan daging giling, masak hingga berubah warna. Masukkan semua sisa bahan. Aduk, masak hingga air habis. Angkat...
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...Lufthansa; An analysis of SWOT and KSF’s Table of contents: 1.0 Terms of reference: 2.0 Procedure: 3.0 Findings: 3.1 SWOT: 3.1.1: Strengths: 3.1.2 Weaknesses: 3.1.3 Opportunities: 3.1.4 Threats: 3.2 KSF’s: 3.2.1 KSF by industry: 3.2.2 KSF by Organisation: 3.2.3 KSF by Customers: 4.0 Recommendation: 5.0 Conclusion: 6.0 Bibliography: 7.0 Appendix A – Critical Source Evaluation 1.0 Terms of reference: This is a 1000 word report by me analysing the Strengths, Weaknesses, Opportunities, Threats and key success factors for the German airline giant (€17bn turnover) Lufthansa. The report will be handed in on October 25th in the BUS101 1-hour seminar. 2.0 Procedure: This report is based solely on secondary research, which in hand is based predominately on the most current information accessible, i.e. the internet and news articles. It has been attempted, as far as possible, to rely solely on acclaimed sources, but more on this issue can be found in Appendix A. 3.0 Findings: 3.1: Strengths: One of the major strengths of Lufthansa is brand recognition. Lufthansa has one of the strongest airlines names in Europe and China; being “the leading European carrier in the Chinese market” (“Eighty Years Lufthansa in China, 2006). This is obviously a big advantage pertaining to customer loyalty, since its name is one of the first to come to the customer’s attention when booking a flight. Besides from the commercial part of flights, Lufthansa...
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...Chapter 12 problem 6 * Given s=.16, =.1, labor force growth rate=.02, technology growth=.04 * K/(AN) = (s/(+gA+gN))2 = (.16/(.1+.02+.04))2 =1 * Y/(AN)= (K/AN)1/2=1 * At steady state gY/(AN) = 0 * gY/N = gA=.04 * gY = gA+gN=.06 * Given s=.16, =.1, labor force growth rate=.02, technology growth=.08 * K/(AN) = (s/(+gA+gN))2 =(.16/(.1+.02+.08))2 = 0.64 * Y/(AN)= (K/AN)1/2= (.64)1/2=0.8 * Steady state gY/(AN) = 0 * gY/N = gA=8% * gY = gA+gN=10% Explain: When rate of technological progress increases, steady-state’s capital and output per effective worker will decrease but the rate of growth of output per worker will increases. * Given s=.16, =.1, labor force growth rate=.06, technology growth=.04 * K/(AN) = (s/(+gA+gN))2 = (.16/(.1+.04+.06))2 = 0.64 * Y/(AN)= (K/AN)1/2=0.8 * Steady-state gY/(AN) = 0 * gY/N = gA=4% * gY = gA+gN=10% People are better-off in case a. Considering Y/N=AY/(AN)=A(K/(AN))1/2=A1/2(K/N)1/2, the level of capital per effective worker is higher at every point in case (a). Chapter 18 problem 4 a) GDP=15;Consumers spend 5 on each good. b) Trade balance=0. Country A exports clothes to B, B exports cars to C, and C exports computers to A. c) Individually, Trade balance≠0. d) Not necessarily,US will have balanced trade with any particular country, even if its overall trade deficit is eliminated. Chapter 19 problem 8 a) Y =C+I+G+X–IM=10+0...
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...Three Day Diet Analysis SCI/241 Currently my food habits are not consistent. Since I begin work at 6:00am Monday thru Friday I do not always get to eat a healthy breakfast. My breakfast will usually be a banana or some sort of breakfast snack. I do however try to make a large breakfast on the weekends for my family. On the weekends I will usually make some sort of fried potato, eggs or pancakes. During the week for lunch I try to keep away from fast food but that is not always the case. I always make dinner and that will usually be a type of protein, vegetable and a starch. Prior to taking this class I had already started new eating habits. It has been difficult since I was already in a routine of not thinking about the type of foods I was eating. The reason I started to think about my diet was I noticed I started gaining weight and my clothes were to the point of being uncomfortable. I stopped drinking regular soda, sweet tea’s and fruit drinks. I keep a case of bottled water with me at the office. For breakfast I was eating a piece of fruit or small portion of oatmeal. For lunch during the week I was trying to bring leftovers from dinner, but that not always being the case but I would still try to eat something healthier; steamed vegetables with brown rice. After watching “The Food Label and You” video I was shocked! I never considered the serving size on packages, never new about the 5/20 rule and never understood the six key food label facts. After reviewing...
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...Chapter 11 Efficient Capital Markets: Evidence 1. Roll’s critique (1977) is based on the assumption that capital markets are in equilibrium. What happens when the market is not in equilibrium? Suppose new information is revealed such that the market must adjust toward a new equilibrium which incorporates the news. Or suppose that a new security is introduced into the marketplace, as was the case of new issues studied in the Ibbotson (1975) paper. Given such a situation, the abnormal performance of an asset can be measured by the arbitrage profits available as its price is adjusted to a new market equilibrium. Before the disequilibrium situation as well as afterward, Roll’s critique applies and we cannot expect to observe any abnormal performance relative to an efficient index. However, the adjustment process itself can be used to detect abnormal performance relative to the market index prior to equilibrium. In this way, Ibbotson’s results can be interpreted either as 1) selection of an inefficient index, or 2) detection of abnormal performance during disequilibrium. 2. (a) The securities market can be efficient even though the market for information is not. All that is required for efficient securities markets is that prices fully reflect all available information. Should an individual—for example, a corporate insider—have monopoly access to valuable information, then the market cannot reflect the information because it is not publicly available. This is not a deficiency in...
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...10,000 × 1.6105 16,105.10 4-2 At = A0 * (1+r/100m)^mt At= 5000 A0 =? r= 7%, m = 1 t = 20 Answer =$1,292.10 4-3 (FV) = 1,000,000 (PV) = 250,000 (n) = 18 years (i) = ? 1,000,000 = 250,000 (1 + i)15 power = .801% 4-4 i = 6.5% n =? PV = 1000 FV =2000 1000 = 2000 / (1+0.065)n power (1.065)n power=2 I put 11 in for n 11.01 4-6 S = R(((1 + i)n - 1) / i) *(1 + i) $300(((1 + .07)n - 1)/.07) S = $1725.22 * 1.07 S = $1845.99 Each year – $1,725.22 Due- $1,845.99 4-8 Financial calculator used N = 60 I = 1 PV = -20000, FV = 0 PMT = $444.89 EAR formula = (1.01)12 – 1.0 = 12.68%. NOM% = 12 P/YR =12 EFF% = 12.6825% PMT= $444.89 EAR= 12.6825% 4-13 a) financial calculator used entered the known values entered key for the unknown. Entered N = 10 I = 10 PMT = -400 FV = 0 PV = $2,457.80 b) financial calculator used entered the known values entered key for the unknown. Entered N = 5 I = 5 PMT = -200 FV = 0 PV = $865.90 4-14 A. CFO=0 1yr=8 Pressed NVP key NPV=PV=$1,251.25 Change I=8 to I=0...
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