...Who do you believe usually “wins” in most IPOs? In an IPO, there are different parties involved which comprises of Issuer, banks, Legal counsels, Issuer’s Auditors, PR-Agency, and Investors In an IPO, the banks have the numerous responsibilities like Project Management and Timing , Valuation, Coordination of all work streams, Business Due Diligence, Placement and Bookbuilding, Trading and Roadshows. Their involvement in the IPO process is from the beginning of the project prior to the kick-off meeting and the merchant banks are largely benefitted from the ‘IPOs’ and are in a win-win situation. “Here is a deal for banks working on IPOs: Price the new stock high, get a bigger fee. Price it low, get free shares of the company.” A large IPO is generally underwritten by a ‘syndicate of investment banks, the largest of which is the ‘lead underwriter’. So, the lead underwriters ‘win’ by gaining from Underwriting spread. It is the difference between the amount paid by underwriting group in a new issue of securities and the price at which securities are offered for sale to public. It comprises of manager’s fee and Underwriting fee. To illustrate this, lets look at the case of eToy’s IPO in 1999 where Goldman Sachs was the key issuing bank. This example illustrates that by valuing the company little more over the actual valuations, banks make big gains as the commission fee (here 7%) is over the actual profit made in the IPO, rather than a straight figure of commission amount...
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...The article, “The Economics of Immigration: Who Wins, Who Loses and Why” by Christopher Matthews describes the economic effects of immigration. One thing that surprised me in Matthew’s article was that “The most recent academic research suggests that, on average, immigrants raise the overall standard of living of American workers by boosting wages and lowering prices”. This surprised me because I expected for immigrants lowered wages not increase them. Another component of the article is that “ the vast majority of the economic literature argues that a more liberal immigration policy would be good for the U.S. economy as a whole”. I always expected that a stricter immigration policy would help the United States economy. Finally, the article...
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...Discuss the view that monopoly power is the natural result for firms who ‘win the game’ of competition? Monopoly power or market power is the ability for a business to earn high levels of profit by being able to choose their pricing strategies in their market and being able to raise to what they want in the same market and don’t have to worry about to losing costumers if they have true monopoly power then price still shouldn’t effect there demand. Being a monopoly means they are the only supplier in that market. They are able to keep their prices high for a sustainable amount of time. There are only certain companies that are able to higher prices for measurable periods of time these companies have little or no competition in the market so that by increasing the prices wouldn’t mean a loss of costumers and income because there is no competition in there market. It lies at one end of the spectrum of perfect competition it means that there is only one seller in that market that they are able to be the dominant firm and exert a considerable amount of power. (William J. Baumol EconomicsPrinciplesP264-269) There are no preliminary assumptions about the bargaining power of any of the players, and, in particular, no player is assumed a priori to have any price setting power. Provide general core results for monopoly, and their results suggest the following conclusions. First, if the seller has the capacity to supply all of the buyers, the outcome is almost completely...
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...Shanya Smith Professor Garner ENG 1301-05 November 4, 2014 Habit 4: Think Win-Win * Win-Lose: The Totem Pole Question: What is the totem pole, and how does it affect my attitude? * This imaginary pole is the pole of competition. Thinking life as a competition is never a good thing. These types of people might get to the top of the pole, but they will be up there alone without friends, because they pushed them down trying to get to the top. * Attitudes of Win-Lose people: -They want to get ahead at the expense of someone else. - Getting jealous when something good happens to someone close to you. - Having the attitude of win-lose allows a person to feel like they always have to beat their peers or family. * Lose-Win: The Doormat Question: How can a lose-win mindset affect a person? * Having the attitude of a lose-win person allows people to walk all over them like a doormat. It’s basically putting other people before you. It will allow a person to have low expectations and began to compromise with standards continually. * Attitudes of Lose-Win people: - Keeping their feelings inside - Allow people to walk all over them - Let other people have the spotlight instead of you - Being a “yes” person * Lose-Lose: The Downward Spiral Question: What is the downward spiral? * This type of attitude of people wanting each other to lose is not good. Most of these people are jealous of another person and just want to be like them, so they’ll try to bring...
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...Long Shot to Victory There are many teams who do not have the tools to win, some have no talent or a desperate coach, that is where strategies such as the full court press come about. I agree with Gladwell completely, not only was the full court press brought about by an unskilled team but, it was also brought about by a desperate coach who looked to find a way to win. The full court press was a strategy that the coach attempted in which defense would lead the way, he planned to have his players guard man-on-man, which would make it tougher for the opposing team to go down court, but, easier to expose. The coach, realizing he had no talent on his team, thought of this strategy that involved few opportunities for dribbling, passing, or shooting. As well as the full court press being a mechanism of defense, it would help players on offense. The full court press would present opportunities for turnovers, which would help players, who had no skills for basketball, have a better position to score. The fact is that the strategy was used by a coach who was desperate to win, but, the full court press is a strategy. The goal is to win...
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...profits are maximized. Since this model is a symmetric model, both teams have the same incentive to win and therefore at equilibrium it can be assumed that win% for team 1 will equal the win% for team 2. Knowing these givens and the equation given, profits for team 1 can be found as followed: π1 = Vw1 – t1 → V(2-g)/4 π1 = (500)(2-.5)/4 π1 = 187.5 The profit can then be plugged back into the initial equation to determine team 1’s investment: π1 = Vw1 – t1 The win percentages for both teams will be .5 because .5 + .5 = 100% in a symmetric model 187.5 = 500(.5) – t1 t1= 62.5 Since this is a symmetric model, it is assumed that the investments and profits for team 1 will equal team 2’s investments and profits. π1 = π2 187.5 = π2 t1 = t2 62.5 = t2 2. For model 1, profits are larger when g=1/2 because the investments made by both teams are lower and therefore π1 = Vw1 – t1 will result in higher profits. The reason team 1 and team 2’s investments will be lower is because there is less incentive to invest when the advantage for investing goes down, as it does with a lower sensitivity parameter. A lower g (sensitivity parameter) means that teams need to investment less to yield a higher win%. The following graph shows the difference in profits for g=1 and g= ½: 3. To calculate the Nash equilibrium for an asymmetric model win % and team investment need to be calculated first because they depend on the sensitivity of each...
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...Gung Ho Gung Ho, a movie by Ron Howard, depicts the differences in culture and work ethic between Americans and Japanese. It shows how each group handles conflict in the work place, as well as at home. The main characters and leaders are faced with dilemmas and have to figure out how to work as a team to keep the automobile manufacturing plant up and running smoothly. According to Western Washington University (2011), there are many different sociological differences between the Japanese and Americans. Most importantly, the views of conflict and conflict resolution differ greatly. In the United States, conflict is seen as something that is inevitable, or bound to happen, whereas in Japan, conflict is considered dangerous to all relationships and should be diffused before it begins or avoided at all costs (Western Washington University, 2011). This fact along plays a major roll in the struggles between the Americans and the Japanese at the automobile manufacturing plant in Gung Ho. The American workers almost seemed as though they were looking for conflict to solve, but the Japanese executives were quick to avoid it at any cost possible. Culture also plays a major roll in determining how the characters approached and completed tasks presented to them. In the movie, a few of the American and Japanese main characters argue about their differences in spending time with family. The Japanese say that their job is their life; it is most important so they can provide for their families...
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...Card Playing Android Game Submitted to: Sir M Wasif Nisar Sir Kashif Ayyub Submitted by: Arslan Tariq SP11-BS(CS)-024 Furqan Jalil SP11-BS(CS)-003 COMSATS Institute of Information Technology Wah Campus Table Of contents 1. Introduction ……………………………………………………………3page 2. Product Scope ………………………………………………………….4page 3. Objectives of Project …………………………………………………..5page 4. Product Functions ……………………………………………………..6page 5. Functional Requirements ……………………………………………..7page 6. Interface Requirements ……………………………………………….8page 7. Non-functional Requirements ………………………………………..9page 8. Limitations and Constraints ………………………………………..10page 9. System features ……………………………………………………...10page 10. Appendix ……………………………………………………………..11page 11. References ……………………………………………………………12page Introduction We have proposed to make a card playing android application on the base of Bluetooth or Wifi where 2 3 or 4 users play that game through WIFI or Bluetooth communication by making this application or software multiplayer will be able to play. Basically it can be used for playing cards and help you can play cards with your friends with help of this application anywhere and anytime without any delay; when you are out with your friends and your friends seems bored so you can play...
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...Card games played in MLB with the two Wild Card team system; nine of those twenty teams had 90 plus wins, and eight of those 90 plus win teams played each other in a winner take all game ("Major League Baseball Wild-card Game"). How to improve the Wild Card system has been talked about year after year. There is of course one side opposing this and another agreeing to this change. MLB needs to change the Wild Card system so it is a three game series instead of one game. People view the MLB season as being too long. Many people have lauded the idea of going back to a 154 game season, but continuing to keep the single game wild card format. This idea can make sense because if MLB does take out eight games from...
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...currently offered to top athletes within this field. The wages of professional footballers have risen dramatically since the Bosman ruling in December 1995, in which EU football players were given the right to a free transfer at the end of their contracts, with the provision that they were transferring from a club within one EU Association to a club within another EU Association (European Commission, 2012).This has been supported by various studies, including (Simmons, 1997), who argued that the move towards a free agency had the consequent impact of increasing players’ salaries, as the forgone transfer fees translate into increased salaries, since the bargaining power is transferred to the player. This was reinforced by (Downward, 2000) who found that post-Bosman, the wages within the United Kingdom’s Premier League rose considerably. However, these findings conflict with other studies conducted, including (Szymanski, 1999), who argued that the new ruling only lead to increased wages for superstar players who have the greatest bargaining power, and that it did not affect the wages for the average player. During this essay I will first discuss the basic economic principles relating to the labour market, and subsequently introduce various models developed with specific focus on the sports labour market. Demand for labour is “derived demand” because it is dependent on the demand for the final product that the labour produces (R....
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...21-110: Problem Solving in Recreational Mathematics Homework assignment 7 solutions Problem 1. An urn contains five red balls and three yellow balls. Two balls are drawn from the urn at random, without replacement. (a) In this scenario, what is the experiment? What is the sample space? (b) What is the probability that the first ball drawn is red? (c) What is the probability that at least one of the two balls drawn is red? (d) What is the (conditional) probability that the second ball drawn is red, given that the first ball drawn is red? Solution. (a) The experiment is the drawing of two balls from the urn without replacement. The sample space is the set of possible outcomes, of which there are four: drawing two red balls; drawing two yellow balls; drawing a red ball first, and then a yellow ball; and drawing a yellow ball first, and then a red ball. One way to denote the sample space is in set notation, abbreviating the colors red and yellow: sample space = {RR, YY, RY, YR}. Note that these four outcomes are not equally likely. We can also represent the experiment and the possible outcomes in a probability tree diagram, as shown below. Note in particular the probabilities given for the second ball. For example, if the first ball is red, then four out of the remaining seven balls are red, so the probability that the second ball is red is 4/7 (and the probability that it is yellow is 3/7). On the other hand, if the first ball is yellow, then five out of the remaining...
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...The pitchers who receive the win and the loss are known, collectively, as the pitchers of record. A pitcher who starts a game but leaves without earning either a win or a loss (that is, before either team gains or surrenders the ultimate lead) is said to have received a no decision, regardless of his individual performance. A pitcher's total wins and losses are commonly noted together; for instance, a pitching record of 12–10 indicates 12 wins and 10 losses. In the early years of Major League Baseball before 1900 it was common for an exceptional pitcher to win 30 or more games in one season with Old Hoss Radbourn of the defunct Providence Grays holding the record with 59 wins in 1884. Since 1900, however, pitchers have made fewer and fewer starts and the standard has changed. Gradually, as hitting improved, better pitching was needed. This meant, among other things, throwing the ball much harder, and it became unrealistic to ask a pitcher to throw nearly as hard as he could for over 100 pitches a game without giving him several days to recover. In the first third of the 20th century (especially after the Live Ball Era), winning 30 games became the rare mark of excellent achievement; this standard diminished to 25 games during the 1940s through 1980s (the only pitcher to win 30 or more games during that time was Denny McLain in 1968, in what was an anomalous pitching-dominated season). Since 1990, this has changed even further, as winning 20 or more games in a single season...
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...of rape”they had been thrust upon he and she could not love them”(436) and therefore the mother cannot love him or any of his sisters even if they are her own children. The mother calls herself unlucky because she married an unlucky man and therefore everyone in the family is unlucky, but the boy refuses and says that he is lucky and does not know why when asked. Bassett and master Paul( the child) have been gambling on horse races and are discovered by uncle oscar who does not believe them when it is said they know who is going to win. It can be assumed that the boy has been cursed with the sin of lust and made a deal with the god mammon to know who shall win the race in exchange for his life....
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...Gay Marriage Ruins the Current Stellar Institution of Marriage Marc S. Fedroff Everest University Online Gay Marriage Ruins the Current Stellar Institution of Marriage Starting with the last prompt of the assignment, according to our textbook, “Win-win orientations assume that there are usually ways to resolve differences so that everyone gains…When all people are committed to finding a mutually acceptable solution, a win-win resolution is possible” (Wood, 2009, p. 230). Unfortunately, here is the precise problem with the religious zealots who call themselves Christians. They are forever stuck in a win-lose orientation. What becomes ludicrous is they believe somehow, the human right to share love with an individual of the same sex in a committed relationship with all of the legal benefits will cause strife for them. None of the gay population is telling them to marry same-sex individual yet they insist, if gays want to marry and raise a family, it must be with someone of the opposite sex. Heterosexuals are doing such an exemplary job of getting marriage right that is common knowledge the divorce rate hovers around fifty percent. The point here is the INSTITUION OF MARRIAGE has been in the toilet for quite some time now and the only thing extending the legal right to gay couples will do is boost the economy with fabulously lavish weddings and then the inevitable lining of divorce lawyers’ pockets. Cynical humor is part of the gay culture’s way of dealing with the...
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...What is Dealite? Dealite is a disruptive social commerce startup based out of Mumbai, India. • We provide a unique auction experience that combines the thrills of online shopping with entertainment. • We source the best deals on the latest, branded, box packed products and make it available for our members at unbelievable prices. • All you do is browse available auctions, buy your seat with bids and you could win at up to 99% off. If you do not win, you have the option to Buy It Now at a discount covering 100% of your seat cost and paid bids. How do I get started? Getting started is simple. Register by filling a simple form, browse Available Auctions, buy a seat with bids and bid away when the auction starts. If you win, you claim and pay or opt for Buy It Now (with applicable discount) to own the item. Dealite Tip: When you Buy Seat, Dealite gives you an equal number of bids called ‘free bids’ which you can use to place bids in that particular auction where you have bought a seat.Buy Bids now! Make sure you go through our How It Works page to find out how you can enjoy participating in a Dealite auction. [pic] I haven't received your verification email? If you did not receive our verification e-mail, check your spam or junk folder or Click Here to request another verification email. [pic] Are products on Dealite brand-new? Yes, All products featured on Dealite are brand-new, box-packed and with warranty (if applicable). [pic] Can I really save...
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