...IMPACT OF STOCK SPLIT ON MARKET PRICES OF SHARES Introduction & Overview: In today's financial markets, the distinction between stocks and shares has been somewhat blurred. Generally, these words are used interchangeably to refer to the pieces of paper that denote ownership in a particular company, called stock certificates. However, the difference between the two words comes from the context in which they are used. For example, "stock" is a general term used to describe the ownership certificates of any company, in general, and "shares" refers to a the ownership certificates of a particular company. So, if investors say they own stocks, they are generally referring to their overall ownership in one or more companies. Technically, if someone says that they own shares - the question then becomes - shares in what company? Bottom line, stocks and shares are the same thing. The minor distinction between stocks and shares is usually overlooked, and it has more to do with syntax than financial or legal accuracy. A stock split or stock divide increases the number of shares in a public company. The price is adjusted such that the before and after market capitalization of the company remains the same and dilution does not occur. Options and warrants are included. Take, for example, a company with 100 shares of stock priced at $50 per share. The market capitalization is 100 × $50, or $5000. The company splits its stock 2-for-1. There are now 200 shares of stock and each...
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...EVENT STUDY OF STOCK SPLITS Final Project Report of Investment Banking & Financial Services (IBFS) February 2016 Submitted to: Prof. A.K. Mishra Submitted by: Group 3, Section A DHEERAJ MADAAN(Mob- +91 7523849812) | PGP30193 | HARI SINGH CHOUDHARY | PGP30198 | RITIN KAKKAR | PGP30390 | ROHAN SARAF | PGP30219 | SAKSHI SONI | PGP30392 | | | Indian Institute of Management, Lucknow Contents Data 3 Sample 3 Methodology 4 Alpha and Beta Estimation 4 Event Study 4 Hypothesis & Objective 5 Testing & Results 5 Alpha and Beta calculation 5 Event Study 6 Stock Split 7 Reverse Stock Split 8 Conclusion 8 Data 1. This study includes samples of 19 companies that made a stock split announcements and 9 companies that made a reverse stock split announcements. All the companies were listed on BSE. 2. Data for daily stock prices and closing BSE 500 index for this study was collected from http://finance.yahoo.com/. Sample The below tables show the sample companies selected for the event study. Companies selected for stock Split announcements Companies selected for reverse stock split announcements Methodology The event period was decided as -60 to 60 with the announcement date falling on day 0. Alpha and Beta Estimation 1. Alpha and beta was estimated for each company by regressing daily stock returns with index return. 2. The estimation was a done for a 250 day period prior to -60. This period was...
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...I.TITLE CHOPSTICK ( HAND GAME ) II.GOAL The goal of the game is for a player to force their opponent to extend all of their fingers and thumbs on both hands. III.OBJECTIVES At the end of the activity the players would be able to : 1. develop their mathematical ability 2. use their agility skills IV.PARTICIPANTS YOUTHS V.INSTRUCTION Each player uses both hands to play the game, the number of digits extended on a hand showing the number of points that the hand has. Both players start with each hand having one point — one finger extended on each hand. The goal of the game is for a player to force their opponent to extend all of their fingers and thumbs on both hands. A hand with all fingers and its thumb extended is said to be a "dead hand". Players take turns to tap one of their hands against another hand that is not dead (either their own other hand, or one of their opponent's). The number of points on the tapping hand is added to the number on the tapped hand, and the player with the tapped hand should extend their digits to show the new score. The tapping hand remains unchanged. A player may tap their own hand to transfer points from one hand to the other. For example, if a player had three points on his or her right hand and one on his or her left, the player could rearrange them to have two on each hand. A "dead hand" is treated as having no points, for this purpose, which allows a player to bring a dead hand back into play by transferring points to...
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...with the company for thirty days. This would get them familiar with how other departments operater. The regular person would show them basic usage and jobs in the department, as they might only be there for 20 minutes to 40 depending on if it is a break or lunch. As far as downtime this would also solve the waste of employees standing around waiting for machine’s to be repaired or serviced. Employees would only need to know basics. We could even make a short manual outlining basic procedure for each department. 2. Less loss of productivity a. Days off b. Emergency call offs After speaking to several employees at length I discovered if we were to institute a split shift, many employees would be willing to work any day that was asked of them. Split shifts would...
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...There are so many things that are important to me, but only a few that could greatly affect my life if I didn’t have or accomplish them. The biggest things to me are success, family, and freedom. These are all things that are essential to my life in so many different aspects. The most important thing to me is success; it’s a thing I must have. Success can mean a lot of different things to different people; it just depends on the person. Success to me is a business standpoint; I have so many goals I’ve set for myself business and financial wise, success comes to me in those ways. In order for me to feel like I’ve actually succeeded in life I must reach these goals. If I reach these goals I have many plans that will contribute to the benefiting of society, like starting a camp for all types of kids. It would be somewhere they could go in the summer to stay out of trouble and have tons of fun without the risk of going through many of the pressures children experience while out with friends hanging out at home. I would have four wheelers; fishing, camping, and many other things children love to do. Another thing that is extremely important in my life is family. At my age not a lot of people think about having one but its something that I know I want. I mean with all the plans I have for my future they wouldn’t be as great if I didn’t have people to share it with or give to when I passed away. Also having little kids and doing father activities with them is something I really look...
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...Today is a rainy winter day. I slept really little last night so forgive me for this ugly picture. On a rainy winter day, I'm enjoying some me-time eating hot ramyeon in my room. :D love it. Its been almost 2 weeks since we've arrived in Korea. 2 weeks here seems really long for me too. In the short 2 weeks, Shir and I have been to so many places, met so many people. But then you realise that Seoul isn't really that different from Singapore. Well there are things I really enjoy though, like taking a stroll in the park, walking around a lot on the streets with my friends, climbing up or down a mountain, just enjoying one another's company is enough. Come to think of that, I've never really done that in Singapore? Maybe we don't have enough parks. Haha, but I guess that's what I really enjoy about Korea as of now, the nature - waters, trees, rocks. I'm still feeling sore about the fact that I have not seen snow. :( after all the excitement, I never got to see snow. =.= As the weather turns cold again this coming week, I really hope there would be some snow. SOME will do. I just need to see it. TT I think I'm the silliest thing ever. Yesterday I went out without my wallet. And I travelled 1h 30min without realising I didn't have my wallet with me! I was so far from home and it was impossible to return home to get it anymore. So silly. The funnier thing was the same thing happened to my new buddy the day before. Aye, I think we are destined. love,...
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...Some people say that your "Ideal Life" is nothing more than a fantasy, somewhat like World Peace. Michelangelo once said; "The greatest danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark." This is probably true for most people, but there are still some people out there who have wonderful goals and dreams, which will probably never get to see any of them, come true. I just hope and pray that I am one of the lucky ones! With out our dreams what do we have to live for? When asked what my "ideal life" situation would be, I had no option but to admit that I did not have a clue. But the more that I think about it, the more that I realize that maybe I was wrong, maybe I know what I want, maybe I am just afraid that I wouldn't be able to achieve my goals, But what's the point of goals if you don't have to strive to reach them? If I could have my "ideal job", it would be a High school Teacher, or something along those lines. I really want to be able to help someone in the way that people have helped me. So therefore, my "ideal career" would have to include the opportunity to help Children and Teens. I feel that with all that I have been through, I would be able to help kids because I would be able to relate to them, and know where they are coming from. There are so many kids out there who do not have anyone to turn to, and if I could just be that person for one child, it would make my life worth living....
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...Table of Contents Title Page Copyright Page Dedication Introduction Chapter 1 - Priming Chapter 2 - Confabulation Chapter 3 - Confirmation Bias Chapter 4 - Hindsight Bias Chapter 5 - The Texas Sharpshooter Fallacy Chapter 6 - Procrastination Chapter 7 - Normalcy Bias Chapter 8 - Introspection Chapter 9 - The Availability Heuristic Chapter 10 - The Bystander Effect Chapter 11 - The Dunning-Kruger Effect Chapter 12 - Apophenia Chapter 13 - Brand Loyalty Chapter 14 - The Argument from Authority Chapter 15 - The Argument from Ignorance Chapter 16 - The Straw Man Fallacy Chapter 17 - The Ad Hominem Fallacy Chapter 18 - The Just-World Fallacy Chapter 19 - The Public Goods Game Chapter 20 - The Ultimatum Game Chapter 21 - Subjective Validation Chapter 22 - Cult Indoctrination Chapter 23 - Groupthink Chapter 24 - Supernormal Releasers Chapter 25 - The Affect Heuristic Chapter 26 - Dunbar’s Number Chapter 27 - Selling Out Chapter 28 - Self-Serving Bias Chapter 29 - The Spotlight Effect Chapter 30 - The Third Person Effect Chapter 31 - Catharsis Chapter 32 - The Misinformation Effect Chapter 33 - Conformity Chapter 34 - Extinction Burst Chapter 35 - Social Loafing Chapter 36 - The Illusion of Transparency Chapter 37 - Learned Helplessness Chapter 38 - Embodied Cognition Chapter 39 - The Anchoring Effect Chapter 40 - Attention Chapter 41 - Self-Handicapping Chapter 42 - Self-Fulfilling Prophecies Chapter 43 - The Moment Chapter 44 - Consistency...
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...Capgras, or even Cotard's. Many psychologists are looking into the research of how our brain works under those conditions, and what they have discovered is that our brain is split into two. The brain is suppose to communicate between one side to the other, however, there are many people who don’t have those nerves that send those messages between the two sides which results into split-brain syndrome. Throughout the chapter, the mind explains why it does the things it does. Asking questions like, why are we so ignorant when it comes to explaining our feelings, choices, and past events in a way we perceive or want them to happen even though it’s a lie. Due to Confabulation and misconception occurring in our brains, it is imperative particularly in an English class which is generally devoted to immense critical thinking, to pause and understand that trusting our brain a 100% is exceptionally risky, and sometimes not the best choice. In the left hemisphere of our brain, the control is mostly focused on speech, language, grammar, and syntax. In an English class, the majority of the time is spent either reading, writing, or understanding the literal aspects of the both. However, not all individuals are able to connect their right and left part of their brain to work in a unison. This condition is called Split-Brain Syndrome. This can result into struggles of accomplishing...
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...MAT/117: WK1: DQ1: Suzi’s Response There are some great things in the Center of Mathematics Excellence (CME), for example, the Live Math Tutoring, tips, resources, and information to help overcome any anxiety you may feel. I personally am very anxious about this class and math in general. I only just finished an algebra class and only received a C grade for my efforts. Therefore, my confidence level starting out in the class is not high. The running start program is very helpful, which I found out much too late. I did not take advantage of this until towards the end of my class, who knows what I may have achieved if I had taken advantage of this resource from the beginning. It is definitely worth the time to check it out, and see if maybe it can help you too. The resource though that I think has been the most help and will help me most in this class are the videos. The videos of instructors actually doing the work, you can watch them at your own pace, pause when you need to, and go back. The math classes are the first time I have had second thoughts about getting my education online this way. I have always thought that I learned better at my own pace in my own way. However, math is a different thing altogether. If you miss one of the steps in the process or do a step the wrong way, your solution is going to be incorrect. Having someone in front of me actually showing me and not just telling me has made all the difference for...
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...offers a set of pricing options. They are like other companies in the industry. They practice cost-based pricing, which is: design great product, add up the costs, and set a price. First, they offer an estimate price to the customer and offer a certain amount of revises. In the video though, revising a piece of work can be costly, and Hammerpress tells their consumers that it will cost them extra in order to make additional revises. The second way is when Hammerpress splits the operation costs with the company/consumer in return Hammerpress gets half the revenue per sale. If the company is not satisfied with the product, they can revise it as many times as they want. However, if additional revises become too costly then Hammerpress will tell the company that this will cost more money. 2. Discuss the three major pricing strategies in relation to Hammerpress. Which of these three do you think is the company’s core strategic strategy? A. Price based on hours of design, material and labor for production B. Split the material costs, labor, and profits in half. (50-50) C. Do it because they believe it will be profitable in the long-term, not short-term. Hammerpress is also responsible for marketing the product. I believe the company’s core strategic strategy is splitting everything 50-50 because this is both a short-term and long-term source of revenue, assuming the company continues to buy the product from Hammerpress. Also, by splitting the costs in half, Hammerpress does...
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...offers a set of pricing options. They are like other companies in the industry. They practice cost-based pricing, which is: design great product, add up the costs, and set a price. First, they offer an estimate price to the customer and offer a certain amount of revises. In the video though, revising a piece of work can be costly, and Hammerpress tells their consumers that it will cost them extra in order to make additional revises. The second way is when Hammerpress splits the operation costs with the company/consumer in return Hammerpress gets half the revenue per sale. If the company is not satisfied with the product, they can revise it as many times as they want. However, if additional revises become too costly then Hammerpress will tell the company that this will cost more money. 2. Discuss the three major pricing strategies in relation to Hammerpress. Which of these three do you think is the company’s core strategic strategy? A. Price based on hours of design, material and labor for production B. Split the material costs, labor, and profits in half. (50-50) C. Do it because they believe it will be profitable in the long-term, not short-term. Hammerpress is also responsible for marketing the product. I believe the company’s core strategic strategy is splitting everything 50-50 because this is both a short-term and long-term source of revenue, assuming the company continues to buy the product from Hammerpress. Also, by splitting the costs in half, Hammerpress...
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...My Political Views There were many issues that we encounter as we walk through the journey of our everyday life. When things go bad, we may feel fear, anger or sadness. When things go right, we may feel happiness, trust and love. These are some of the emotions that we feel in every situation that we come across. Did you observed anything in your community? Or around the area you visited? Did you ever think with yourself why this or that things happen? What are the solutions that we might do for this kind of issue? Or think on how do we avoid that such thing which contributes terrible effect in our country? Try to read this essay and recognize some of the issues that you may not be observed in your community. I am a second year student in college of business and accountancy. My mother is a vendor in a sari-sari store while my father is a vulcanizer. And despite of the poverty, I am very blessed that I did not stop and continue right now in studying. The reason why I say that I am blessed, because I observed in our own community that there were many children who are not enrolled in school, even in public schools only. The main cause that I’ve think why this things happen is because they are not interested in studying, their parents did not allow them to go-off for school or they have medical problems. They are not interested: because if their interest is on studying they will find a way on how they can enroll in school. They can work in some stores in the market while studying...
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...frontal lobe; areas in right hemisphere receive information from and are concerned with activities on left side of body. * Sperry believes studies involving split-brain patients reveal ‘true’ nature of two hemispheres because commissurotomy disconnects the two hemispheres. This means they only work independently. * Previous research on animals showed behavioral effects. * Other research by Sperry on humans and monkeys suggested the behavioral effects of the surgery might be less severe than other forms of cerebral surgery, e.g. frontal lobotomy. * Akelaitis (1944) found that there were no important behavioral effects of surgical section of corpus callosum in humans, provided other brain damage was excluded. Research Method Aim and Hypothesis * Aim of the study was to investigate if each brain hemisphere: (i) Possesses an independent stream of conscious awareness (ii) Has its own separate chain of memories that are inaccessible to the other Method/Design/IV & DV/ Controls * Quasi experiment * IV- having a split brain or not * DV- participants ability to perform a variety of visual and tactile tests * Argued that because such extensive tests were carried out on...
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...My Plan for Creating a Culturally Diverse Classroom Frances Rake AED/204 April 21st, 2013 Anissa Christian My Plan for Creating a Culturally Diverse Classroom All children are entitled to the same quality education regardless of sex, race, religion, cultural or social background, and abilities. An equal education for all children is not only required by law but [For parallel construction, "not only" must be followed by "but also" later in the sentence] morally as well. Not only is providing all children an equal education very important but [Needs "but also"] the environment in which it is provided is as well. In order for all children to reach their highest educational potential, to feel welcome and excepted [Check spelling: "Except" is a preposition meaning to exclude. "Accept" is a verb meaning to receive or to take] , and to gain the self- confidence and skills needed to be successful in life they must be educated in a bias free, accepting, and caring classroom. This is monumental to their education and lifelong success. Without this children who are [Writing suggestion: rewrite the sentence to remove "who are"] different in any way from what is considered the norm will feel shy, and awkward. They will participate less in classroom activities and discussions which will negatively affect their grades. They will have low self-esteem and will carry with them a feeling that...
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