CONTENTS BONDS 1 STOCKS 6 OPTIONS 10 FUTURES 16 PORTFOLIO PERFORMANCE EVALUATION 20 INTERNATIONAL INVESTING 26 BONDS Page 480 –CFA Problems Questions #1 1. Leaf Products may issue a 10-year maturity fixed-income security, which might include a sinking fund provision and either refunding or call protection. a) Describe a sinking fund provision. The sinking fund provision allows the firm to repurchase a fraction of the outstanding bonds at either the market price or the sinking
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Christopher Sanderson, Jennifer Clemente, Andres Delgado FIN6590 PMBA New York Times Bail Out Analysis In January 2009, Carlos Slim Hula decided to offer what he believed to be a generous deal to a cash strapped New York Times. With a $400M debt facility looming in May, the New York Times has been exploring various positions to increase or bolster its cash reserves to either restructure or refinance the debt facility. The offer from Carlos Slim was for $250M in cash, repayable at 14% annual
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liquidity ratios, profitability ratios, cash flow indicators and investment valuation ratios. By analyzing the financial ratios this paper will help determine which of these two companies the better investment is. Ratios computation and analysis 1) Using the current ratio, discuss what conclusions you can make about each company’s ability to pay current liabilities (debt). A common liquidity ratio is the current ratio. This is calculated as the current assets / current liabilities
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A Blueprint for Corporate Governance Fred R. Kaen AMACOM AMERICAN MANAGEMENT ASSOCIATION A Blueprint for Corporate Governance This Page Intentionally Left Blank A Blueprint for Corporate Governance Strategy, Accountability, and the Preservation of Shareholder Value Fred R. Kaen American Management Association New York • Atlanta • Brussels • Buenos Aires • Chicago • London • Mexico City San Francisco • Shanghai • Tokyo • Toronto • Washington, D. C. Special discounts on
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Option Pricing: A Simplified Approach† John C. Cox Massachusetts Institute of Technology and Stanford University Stephen A. Ross Yale University Mark Rubinstein University of California, Berkeley March 1979 (revised July 1979) (published under the same title in Journal of Financial Economics (September 1979)) [1978 winner of the Pomeranze Prize of the Chicago Board Options Exchange] [reprinted in Dynamic Hedging: A Guide to Portfolio Insurance, edited by Don Luskin (John Wiley and Sons 1988)] [reprinted
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Legal Aspects of BLACKBERRY Takeover by FAIRFAX Legal Aspects of BLACKBERRY Takeover by FAIRFAX by by Anubhav Gaur SMBA12045 Section B Anubhav Gaur SMBA12045 Section B TABLE OF CONTENTS Acknoledgement Summary blackberry ltd. Section 1.1 : History Section 1.2 : Strategic Changes Section 1.3 : Success in Market place Section 1.4 : Changes in Financial Fortunes Section 1.5 : Financial Fortunes FAIRFAX LTD. Section 2.1 : Corporate Governance Section 2.2 : History Section
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CHAPTER 1 Introduction to Corporate Finance Compensation of corporate executives in the United States continues to be a hot-button issue. It is widely viewed that CEO pay has grown to exorbitant levels (at least in some cases). In response, in April 2007, the U.S. House of Representatives passed the “Say on Pay” bill. The bill requires corporations to allow a nonbinding shareholder vote on executive pay. (Note that because the bill applies to corporations, it does not give voters a “say on
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Marcella Briggs American Military University Managerial Analysis 05 September 2014 Abstract This assignment looks at the different statements that a company would want to ensure is managed carefully and efficiently to give it a clear idea of where it stands financially. These look at how much debt it is incurring, the amount of cash that is brought into the company, and also the amount of cash that is spent. The topics discussed are the purpose of income statements, balance sheets, owners’
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3rd Read the Flash Memory Case It is a light case (not a lot of analysis required) and thus can be considered a practice, or warm-up case. 1. Please forecast 2010, 2011, and 2012 assuming that Flash Memory does not do the new product line. Will Flash memory need financing? Can they do it with Notes payable? Will they end up dealing with the factoring department and what are the implications? After issuing the stocks, the company still needs financing. They can do it with note payable
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growth. • However, was HD growing faster in 1985 relative to other years? (No, look at Exhibit 1 and your own analysis) • Did they suddenly become a high growth company in 1985? (No.) • So, why is growth the reason for declining profitability in 1985 but not in prior years? • What is the real reason for the sudden decline in profitability that the company is not telling, and the reason for why stock price is declining? Profitability Gross Profit Reduction of 1.4% (1983 – 27.3% vs. 1985 – 25.9%) With
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