...Prepared By Mohammad Alamgir Hossain Department of Finance Jagannath University, Dhaka Topic Multi-period Capital Budgeting under Uncertainty: Real Options Analysis” Table of Contents Section | Name | Page no. | Letter of Transmittal | i | Acknowledgement | ii | Table of Contents | iii | Section-A | Introduction | 01-02 | | A.1 Introduction | 01 | | A.2 Rationale of the study | 01 | | A.3 Objective of Our Study | 02 | | A.4 Scope | 02 | | A.5 Methodology of the Study | 02 | | A.6 Limitations of the Study | 02 | Section-B | Comparing NPV with Decision Trees and Real Options | 03-08 | | B.1 Comparing NPV with Decision Trees and Real Options | 03-05 | | B.2 Recognizing Real Options | 05 | | B.3 Differences between NPV, Decision Trees, and Real Options | 05-08 | | B.4 Risk-Neutral Probabilities | 08 | Section-C | Three Key Assumptions for pricing Real Options | 09-10 | | C.1 Three Key Assumptions for pricing Real Options | 09-10 | Section-D | Valuing Real Options on Dividend-Paying Assets | 10-12 | | D.1 Valuing Real Options on Dividend-Paying Assets | 10-12 | Section-E | Types of Real Options | 12-13 | | E.1 Types of Real Options | 12-13 | Section-F | Valuing Combinations of Simple Real Options | 13-16 | | F.1 Valuing Combinations of Simple Real Options | 13-16 | Section-G | Valuing Compound Options | 17-21 | | G.1 Simultaneous Compound Options | 17-19 | | G.2 Sequential Compound Options | 19-21 | ...
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...Algebra for the Utterly Confused This page intentionally left blank. Algebra for the Utterly Confused Larry J. Stephens McGraw-Hill New York San Francisco Washington, D.C. Auckland Bogotá Caracas Lisbon London Madrid Mexico City Milan Montreal New Delhi San Juan Singapore Sydney Tokyo Toronto Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 0-07-143095-4 The material in this eBook also appears in the print version of this title: 0-07-135514-6 All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc...
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...Assignment Of Project Management On An improved proposal of reducing and solving Traffic problem from Dhaka city Prepared For Mohamed Emran Hossain Course teacher Department of business administration Faculty of Business and Economics Daffodil International University Prepared By Name | ID | Yeasser Ahammed | 091-11-856 | Saqib Ahmed Arif | 091-11-804 | Shaila Afrin | 091-11-823 | Md. Sumon Ali | 091-11-761 | Md. Sohel Rana | 091-11-812 | Section: A Batch: 22nd Date of submission: 22nd July 2012 LETTER OF TRANSMITTAL July 22nd, 2012 Mohamed Emran Hossain Course teacher Department of business and administration Faculty of Finance and Economics Daffodil International University Dear Sir, As per our course requirement, we have prepared our report “An improved proposal of reducing and solving Traffic problem from Dhaka city”. We are grateful to you for selecting this topic. This topic has given us the wonderful opportunity to work with real project. Beyond any doubt it has enriched our knowledge and increased our experience. This report enabled us to get acquainted with the real life project problem in Bangladesh. We hope you will appreciate our sincere effort. We have tried our level best to gather and show all necessary information relevant to the topic. Our report may suffer from some unintentional mistakes due to inexperience. I hope you will consider my inexperience and this report will meet the standard of your judgment. Sincerely yours Yeasser Ahammed On...
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...The Use of the Death Penalty A Paper Presented by the National Policy Committee to The American Society of Criminology National Policy Committee James Austin, Chair Kitty Calavita Roland Chilton Jeffrey Fagan Calvin C. Johnson Delores Jones-Brown Mark Moore Ira Schwartz Linda Teplin Franklin Zimring November 2001 The findings and opinions contained herein are those of the National Policy Committee and do not necessarily reflect the official position or policies of the American Society of Criminology. Ronald Weitzer, Professor of Sociology, Dana Coleman, Research Assistant, and Sarah Benatar, Graduate Research Assistant at the Institute on Crime, Justice, and Corrections at George Washington University provided substantial assistance in the preparation of this document. Introduction Capital punishment is among the most hotly debated issues in American politics. Passions run high for both those who want the death penalty abolished and those who seek to preserve or expand its use. What follows is a summary of key issues in the death penalty debate, research findings on the application of capital punishment, and a discussion of policy considerations. The American Society of Criminology (ASC) is greatly concerned with the death penalty and its application in the United States. This year, ASC President Ronald Huff and the ASC Executive Board authorized the ASC’s National Policy Committee (NPC) to develop a policy paper that would focus on...
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...09 Combined Materials Pack ActEd Study Materials: 2009 Examinations Subject CT1 Contents Study Guide for the 2009 exams Course Notes Question and Answer Bank Series X Assignments* *Note: The Series X Assignment Solutions should also be supplied with this pack unless you chose not to receive them with your study material. If you think that any pages are missing from this pack, please contact ActEd’s admin team by email at ActEd@bpp.com or by phone on 01235 550005. How to use the Combined Materials Pack Guidance on how and when to use the Combined Materials Pack is set out in the Study Guide for the 2009 exams. Important: Copyright Agreement This study material is copyright and is sold for the exclusive use of the purchaser. You may not hire out, lend, give out, sell, store or transmit electronically or photocopy any part of it. You must take care of your material to ensure that it is not used or copied by anybody else. By opening this pack you agree to these conditions. The Actuarial Education Company © IFE: 2009 Examinations All study material produced by ActEd is copyright and is sold for the exclusive use of the purchaser. The copyright is owned by Institute and Faculty Education Limited, a subsidiary of the Faculty and Institute of Actuaries. You may not hire out, lend, give out, sell, store or transmit electronically or photocopy any part of the study material. You must take care of your study material to ensure that it is not used...
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... | |Teacher Candidate Name: Brenda Baker-Mitchell |Date: Nov 10, 2010 | |Mentor Teacher Name: | |JIU Professor Name: Dr. Alana James |JIU Course Name and Session: EDU 500 | |Grade: 9-12 | |Content Area (e.g., reading, writing, math, science, social studies, arts, etc.): Social Studies/US History – “The Removal of the Cherokee Indians” | |(DIRECT INSTRUCTION) | |Group Size: 25 | |Pre-Lesson Planning | |ACEI | | |Standard | ...
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...FEDERAL UNIVERSITY KASHERE P.M.B 0182, GOMBE FACULTY OF HUMANITIES, MANAGEMENT AND SOCIAL SCIENCE COURSE CODE; 4303 COURSE TITLE; DEMOGRAPHY ASSIGNMENT QUESTION; Brief Explanation of Demographic Transition Theory GROUP (5) MEMBERS FUK/HMSS/12B/SOC/1042 FUK/HMSS/12B/SOC/1043 FUK/HMSS/12B/SOC/1044 Course lecturer; PROF. UMAR BAPPAH TABLE OF CONTENTS 1. Introduction 2. Demographic transitional theory 3. Stages of demographic transitional theory 4. Criticisms of demographic transitional theory 5. Summary of demographic transitional theory 6. References INTRODUCTION Demographic transition (DT) refers to the transition from high birth and death rate to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system. This is typically demonstrated through a demographic transition theory. The theory is based on an interpretation of demography history developed in 1929 by the American demographer Warren Thompson (1887–1973) Thompson observed changes, or transitions, in birth and death rates in industrialized societies over the previous 200 years. Most developed countries are in stage 3 or 4 of the model; the majority...
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...For Students Solutions to Odd-Numbered End-of-Chapter Exercises * Chapter 2 Review of Probability 2.1. (a) Probability distribution function for Y Outcome (number of heads) | Y 0 | Y 1 | Y 2 | Probability | 0.25 | 0.50 | 0.25 | (b) Cumulative probability distribution function for Y Outcome (number of heads) | Y 0 | 0 Y 1 | 1 Y 2 | Y 2 | Probability | 0 | 0.25 | 0.75 | 1.0 | (c) . Using Key Concept 2.3: and so that 2.3. For the two new random variables and we have: (a) (b) (c) 2.5. Let X denote temperature in F and Y denote temperature in C. Recall that Y 0 when X 32 and Y 100 when X 212; this implies Using Key Concept 2.3, X 70oF implies that and X 7oF implies 2.7. Using obvious notation, thus and This implies (a) per year. (b) , so that Thus where the units are squared thousands of dollars per year. (c) so that and thousand dollars per year. (d) First you need to look up the current Euro/dollar exchange rate in the Wall Street Journal, the Federal Reserve web page, or other financial data outlet. Suppose that this exchange rate is e (say e 0.80 Euros per dollar); each 1 dollar is therefore with e Euros. The mean is therefore e C (in units of thousands of Euros per year), and the standard deviation is e C (in units of thousands of Euros per year). The correlation is unit-free, and is unchanged. 2.9. | | Value of Y | Probability Distribution of X | | | 14 | 22 | 30 | 40 | 65 | | | Value of X | 1 |...
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...Foucauldian framework encompassing archeology and genealogy of power and knowledge. The mythical Jedi force is used as a metaphor for power attained by the accounting profession through its claim to superior knowledge and skill to be applied in the public interest. Accordingly, the force includes professional ethics. The dark side is used as a metaphor for the collapse of HIH because accounting standards and practices, the accounting profession's power base, were used to conceal impending collapse resulting in the escalation of losses to policy holders, creditors and the general public. Regulatory responses to the Royal Commission into the collapse of HIH are viewed for purposes of this paper as the return of the Jedi in that the Corporate Law Economic Reform Programme (CLERP 9) proposals are aimed at strengthening corporate governance including auditor...
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...For Students Solutions to Odd-Numbered End-of-Chapter Exercises * Chapter 2 Review of Probability 2.1. (a) Probability distribution function for Y Outcome (number of heads) | Y 0 | Y 1 | Y 2 | Probability | 0.25 | 0.50 | 0.25 | (b) Cumulative probability distribution function for Y Outcome (number of heads) | Y 0 | 0 Y 1 | 1 Y 2 | Y 2 | Probability | 0 | 0.25 | 0.75 | 1.0 | (c) . Using Key Concept 2.3: and so that 2.3. For the two new random variables and we have: (a) (b) (c) 2.5. Let X denote temperature in F and Y denote temperature in C. Recall that Y 0 when X 32 and Y 100 when X 212; this implies Using Key Concept 2.3, X 70oF implies that and X 7oF implies 2.7. Using obvious notation, thus and This implies (a) per year. (b) , so that Thus where the units are squared thousands of dollars per year. (c) so that and thousand dollars per year. (d) First you need to look up the current Euro/dollar exchange rate in the Wall Street Journal, the Federal Reserve web page, or other financial data outlet. Suppose that this exchange rate is e (say e 0.80 Euros per dollar); each 1 dollar is therefore with e Euros. The mean is therefore e C (in units of thousands of Euros per year), and the standard deviation is e C (in units of thousands of Euros per year). The correlation is unit-free, and is unchanged. 2.9. | | Value of Y | Probability Distribution of X | | | 14 | 22 | 30 |...
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...Code of Ethics of the National Association of Social Workers Approved by the 1996 NASW Delegate Assembly and revised by the 2008 NASW Delegate Assembly The 2008 NASW Delegate Assembly approved the following revisions to the NASW Code of Ethics: 1.05 Cultural Competence and Social Diversity (c) Social workers should obtain education about and seek to understand the nature of social diversity and oppression with respect to race, ethnicity, national origin, color, sex, sexual orientation, gender identity or expression, age, marital status, political belief, religion, immigration status, and mental or physical disability. 2.01 Respect (a) Social workers should treat colleagues with respect and should represent accurately and fairly the qualifications, views, and obligations of colleagues. (b) Social workers should avoid unwarranted negative criticism of colleagues in communications with clients or with other professionals. Unwarranted negative criticism may include demeaning comments that refer to colleagues’ level of competence or to individuals’ attributes such as race, ethnicity, national origin, color, sex, sexual orientation, gender identity or expression, age, marital status, political belief, religion, immigration status, and mental or physical disability. 4.02 Discrimination Social workers should not practice, condone, facilitate, or collaborate with any form of discrimination on the basis of race, ethnicity, national origin, color, sex, sexual orientation, gender...
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...This Analysis provides a discussion of the factors underpinning the credit rating/s and should be read in conjunction with our Credit Opinion. The most recent ratings, opinion, and other research specific to this issuer are provided on Moodys.com. Click here to link. Analysis SOUTH AFRICA Europe/M.East/Africa January 2006 Contact Limassol Phone 357.25.586.586 Mardig Haladjian George Chrysaphynis Capitec Bank Limited Strategy and Competitive Position A YOUNG AND SMALL INSTITUTION EXPERIENCING RAPID GROWTH Although Capitec Bank is one of the main players in the South African microlending industry1 and has an estimated 10% share of the market (40% share of the one-month loans market), it remains a very small institution even by local standards (total assets of USD 137mn as at February 2005, one-tenth the size of African Bank, the largest microlender). We do see possible risks in the development stage of a young institution growing at a rapid rate, but we take comfort from its good understanding of the microlending business, its careful risk management, prudent approach to liquidity, good information systems used to manage the risks and supervision by the SARB.2 TECHNOLOGY-DRIVEN, EFFICIENT PROVIDER OF BANKING SERVICES TO LOW-INCOME EARNERS We believe that Capitec’s technology-driven business model is the right approach to serving the low-income-earning population. The bank has strong front-end information technology, including the paperless (no forms to...
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...Branch Banking and A Comprehensive Review on Investment of Al-Arafah Islami Bank Limited." Dear Sir, With due respect and humble submission I would like to inform you that I am the students of Md.Shohel Khan ,School of Business . It is indeed a great pleasure to have the opportunity to submit the Internship report. I have prepared the opportunity to submit the Internship report according to your instructions. The topic name is " Overall Branch Banking and A Comprehensive Review on Investment of Al-Arafah Islami Bank Limited. ". While preparing this Internship report I came to know about several terms on banking sector. I have tried my best to present all the things to make the report more informative and usual one. If any part of the assignments means inappropriate and irrelevant with the subject please advise me. In fine I am very grateful to you for assigning such an important area of banking and your kind and generous guidance to make the report successful. Thanks and Best Regards, Md. Shohel khan. ID:200420373 Batch:21st Program:BBA Major:Finance AUB I would like to acknowledge the guidance and effort of Internship and...
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...Branch Banking and A Comprehensive Review on Investment of Al-Arafah Islami Bank Limited." Dear Sir, With due respect and humble submission I would like to inform you that I am the students of Md.Shohel Khan ,School of Business . It is indeed a great pleasure to have the opportunity to submit the Internship report. I have prepared the opportunity to submit the Internship report according to your instructions. The topic name is " Overall Branch Banking and A Comprehensive Review on Investment of Al-Arafah Islami Bank Limited. ". While preparing this Internship report I came to know about several terms on banking sector. I have tried my best to present all the things to make the report more informative and usual one. If any part of the assignments means inappropriate and irrelevant with the subject please advise me. In fine I am very grateful to you for assigning such an important area of banking and your kind and generous guidance to make the report successful. Thanks and Best Regards, Md. Shohel khan. ID:200420373 Batch:21st Program:BBA Major:Finance...
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...preparation of this document, Murdoch University together with its academic supervisors and students accepts no responsibility for errors or omissions, nor do they guarantee its accuracy. OFFICE USE ONLY Submission date OFFICE USE ONLY Submission date ASSIGNMENT COVER SHEET (INDIVIDUAL OR GROUP) Please complete and attach this form to your assignment. All assignments must be submitted to lecturer on the stipulated submission date. Name | LIANG TIANSHU JOEL, GOH WEI SIONG, LEE WEI TECK BRANDON, CHENSON ANG, LIM MING YAO | | Unit Code | BUS323 | Unit Name | INTERNATIONAL MANAGEMENT | Class Code | PT-BUS323D | Local Lecturer’s name | DR. JUERGEN RUDOLPH | Assignment No. (i.e. 1,2,3) or ‘short answer’ | MAJOR PROJECT | Your assignment should meet the following requirements. Please confirm this by ticking the boxes before submitting your assignment √ My assignment is double-spaced and clearly legible √ My assignment is written on one side of page only √ I have provided a wide margin (4 cm) on left-hand side of page √ The first page of my assignment is clearly labelled with my name, unit no, unit name and tutor’s name. √ I have retained a copy of my assignment √ I have completed and signed the declaration below All forms of plagiarism, cheating and unauthorised collusion are regarded seriously by the University and could result in penalties including...
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