...P( X)=M / M+N ; P(not z)= 1-P(Z) P( T/X)=B/M; P(X/T) = B/ B+D “Care e Pr. Sa extragem x daca am extras numai din categoria t?” P( X and T )=(M/N+M) *( B/M) P(X and Y)= (M/M+N) * (N/ M+N) P( X or T )=(M/M+N) +( B+D/M+N) - P(X and T) P(X or Y) =(M/M+N) + (N/ M+N) - P( X and Y) P(A) = # times A observed/ Total # outcomes (N). A tree diagram -no. of outcomes of events and the sample space. 1) 2) 3) 4) X Y Z A C A+C T B D A+D A+B=M C+D=N M+N Folosim N=n*m =>goes back into the pool. Avem m ways of doing A and n ways of doing B. How many possibilities? Folosim N=n! if the outcome after is chose does not go back into the pool.In how many ways we can arrange x things? X! Daca trebuie sa alegem din n k si conteaza ordinea. How many possibilities? Pnk =n! / (n-k)! Daca trebuie sa alegem din n k si NU conteaza ordinea. How many possibilities? Cnk = n! / ((n-k)!* k!) Relative Frequency = Frequency of A/ Total Frequency = P(A). While statistics (proportions-population) - past events, Probability (sample) - future events. 1) A U B, A or B P(A or B) = P(A) + P(B) - P(A and B) Mutually exclusive => P(A and B)=0 2) P(B/A) Independent=P(B). Dependent=P(B/A)= P(A and B)/ P(A) 3) Intersection A ∩ B ///Dependent :P(A and B) = P(A) x P(B|A) Independent Events: P(A and B) = P(A) x P(B) 4) A stands for “not A” ; Complement Rule: P(A) + P(not A) = 1; P(A) = 1- P(not A); P(At least one) = 1 – P(none) ……………………………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………...
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...Pricing Financial Assets – Equity Valuation 1. Multi-Stage Model – V0 = D11 + k + D2(1 + k)2 + … + DH + PH (1 + k)H ABC pays current D of $1 and is expected to grow at 20% for 2 years, then 4% thereafter. If required return is 8.5% Intrinsic value = $1 × 1.21 + 0.085 + $1 × 1.22(1 + 0.085)2 + $1 × 1.22 × 1.04(0.085 - 0.04) × (1 + 0.085)2 = $30.60. (1) | (2) | (3) | (4) | (5) | Time until Payment (Years) | Payment | Payment Discounted at 6% | Weight | (1)× (4) | 1 | 60 | 56.60 | 0.0566 | 0.0566 | 2 | 60 | 53.40 | 0.0534 | 0.1068 | 3 | 1060 | 890.00 | 0.8900 | 2.6700 | Column Sum: | 1000.00 | 1.0000 | 2.8334 | 2. Expected HPR= E(r) =E(d1)+[EP1-P0]P0 3. DDM- Constant growth DDM: P0 = D1k - g e.g. ABC pays annual D of $1.22, expected to grow indefinitely at 5% Q: If current value based on constant growth is $32.03, what is required rate of return? $32.03 = $1.22 × 1.05k - 0.05 k = 0.089994 or 8.9994% >Market Capitalization Rate (1) | (2) | (3) | (4) | (5) | Time until Payment (Years) | Payment | Payment Discounted at 10% | Weight | (1)×(4) | 1 | 60 | 54.55 | 0.0606 | 0.0606 | 2 | 60 | 49.59 | 0.0551 | 0.1101 | 3 | 1060 | 796.39 | 0.8844 | 2.6531 | Column Sum: | 900.53 | 1.0000 | 2.8238 | = k = rf + β [E(rM) – rf ] - The Market consensus estimate of the appropriate discount rate for a firm’s cash flows ∴ 3b. Constant growth no K – Step 1. Find market capitalization rate using CAPM = 0.04...
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...mission is to provide an atmosphere quality for the quality people we serve. Vision Tom’s Coffee Cup offer a place where customers can come to relax and make their daily routines more pleasant. Strategy Tom places his coffee shop across the street from a stadium which brings in various customers that work at or near the stadium as well at those who go to games. Tom offers a various amount premium coffee and baked goods as well as good quality and generously-sized quantity of sandwiches and salads. He also adds smoothies and wheat grass for the health conscious crowd. Goals and Objectives Tom business was succeeding and his plan is to devote more time to getting free advertising for promoting his coffee shop. When hiring Willie Cheet Tom’s sets a goal for him to save to business money and rewards him a percentage of the money saved each month. Although Tom sets a good goals he does not set the objectives on how those goals will be met. According to allbusiness.com objectives do not have to be financial they can be performance, customer satisfaction, or other key elements of success as long as it is defined how they will be measured. Objectives can be measured through gross profit,...
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...Smith Nguyen Studio. http://www.facebook.com/SmithNguyenStudio Smith Nguyen Studio. Công Ty Samsung Trân trọng gửi đến bạn cuốn sách này. Phiên bản ebook này được thực hiện theo bản quyền xuất bản và phát hành ấn bản tiếng Việt của công ty First News - Trí Việt với sự tài trợ độc quyền của công ty TNHH Samsung Electronics Việt Nam. Tác phẩm này không được chuyển dạng sang bất kỳ hình thức nào hay sử dụng cho bất kỳ mục đích thương mại nào. http://www.facebook.com/SmithNguyenStudio Smith Nguyen Studio. THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE: Powerful Lessons in Personal Change by Stephen R. Covey Copyright © 2004 by FranklinCovey Company FranklinCovey and the FC logo and trademarks are trademarks of FranklinCovey Co. and their use is by permission. Vietnamese Edition © 2007 by First News - Tri Viet. Published by arrangement with FranklinCovey Co., USA. All rights reserved. THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE 7 THOÁI QUEN ÀÏÍ THAÂNH ÀAÅT Cöng ty First News - Trñ Viïåt giûä baãn quyïìn xuêët baãn vaâ phaát haânh êën baãn tiïëng Viïåt trïn toaân thïë giúái theo húåp àöìng chuyïín giao baãn quyïìn vúái FranklinCovey Co., Hoa Kyâ. Bêët cûá sûå sao cheáp, trñch dêîn naâo khöng àûúåc sûå àöìng yá cuãa First News vaâ FranklinCovey àïìu laâ bêët húåp phaáp vaâ vi phaåm Luêåt Xuêët baãn Viïåt Nam, Luêåt Baãn quyïìn Quöëc tïë vaâ Cöng ûúác Baão höå Baãn quyïìn Súã hûäu Trñ tuïå Berne. CÖNG TY VÙN HOA SANG TAO TRÑ VIÏT - FIRST NEWS Á Á ...
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...Case Study #2 Tom’s Coffee Cup Tom had always wanted to start his own business. He was talented in many areas and had great people skills. Tom has a BA in business and an MBA as well. He was having a hard time conforming to some of the norms in corporate America as he was an independent thinker. He made a good salary but worked long hours during the week and on weekends. He was married with two small children and a pet. He needed to support his family as his wife had decided to stay at home with the children. Tom searched around for business opportunities and franchises. He was not afraid to make the jump into being his own boss as he had confidence. Tom’s organization was offering buy-outs so he decided to take one at the age of 40 and use the money to begin a business. Tom was given a severance package of $50,000 to leave the organization. It did not take much time for Tom to find what he thought would be a great place to start a coffee house. Tom’s Coffee Cup was opened just down the street from the Ravens and Orioles stadiums in Baltimore, Maryland. Tom had a vision of offering a place for customers to come, relax and to make their daily routine more pleasant. Tom even posted his mission statement of “an atmosphere of quality for the quality people we serve.” Tom was running on adrenalin doing local interviews and promoting his business. He spent most of the money he had from a home equity line of credit and from the severance payout on renovations and purchasing...
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...To purchase a paperback copy please visit: http://www.cafepress.com/hanmilounge Thinking of starting your own online business or writing career? Try My Favorites: Internet and Computer Tutorials Newbie Club *** LOW COST - HIGH QUALITY! Websites and Domain names Netfirms *** E-Book Creation Software E-book Gold *** Sell your books and more. CafePress Self Publishing House *** Personalized Merchandise You create it, they sell & ship it! Zazzle *** Many resources for writers The Writers Store *** Search hundreds of Literary Agents in seconds! FirstWriter English Korean Phonetic Dictionary ROMANIZED Travel Companion Edition A beginner’s guide to the Korean language By D.L. Bangerter Emergency Word List ambulance bleeding breathless (not breathing) choking doctor food poisoning headache heart heart failure help hospital injured medicine pain painful painkiller pharmacy poison sick unconscious urgent g(k)oo-guuhp-chah pee-nah-yoh soom-ah-moht-sae-oh soom-mahk-hee-dah uuhee-sah s(sh)eek-joong-d(t)ohk d(t)oo-tohng sheem-jahng sheem-jahng-mah-bee d(t)oh-ah-choo-sae-oh b(p)yuhng-wuhn d(t)ah-chee-dah yahk g(k)oh-tohng ah-puuhn j(ch)een-tohng-jeh yahk-gook d(t)ohk-yahk mah-nee-ah-puuh-yoh moo-uuhee-sheek g(k)een-guuhp-hahn 구급차 피나요 숨 못쉬어요 숨막히다 의사 식중독 두통 심장 심장마비 도와주세요 병원 다치다 약 고통 아품 진통제 약국 독약 많이아프다 무의식 긴급한 Public Places airport bank downtown hotel immigration office market (small store) money changer police station post office...
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