Questions
With celebrity​ bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of...

With celebrity​ bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of​ 2009, EMI announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of 6.8​% and will mature on this day 34 years from now. The yield on the bond issue is currently 6​%.

At what price should this bond trade​ today, assuming a face value of ​$1,000 and annual​ coupons? The price of the bond today should be

.

In: Finance

Merchandising has come a long way from the days when “marks” were carved on silver goblets...

Merchandising has come a long way from the days when “marks” were carved on silver goblets or earthenware jugs to identify the wares produced by a certain silversmith or potter. Their traditional role was to create a link in the prospective buyer’s mind between the product and the producer. The power of attraction of trade-marks and other “famous brand names” is now recognized as among the most valuable of business assets. However, whatever their commercial evolution, the legal purpose of trade-marks continues (in terms of s. 2  of the Trade-marks Act, R.S.C. 1985, c. T-13 ) to be their use by the owner “to distinguish wares or services manufactured, sold, leased, hired or performed by him from those manufactured, sold, leased, hired or performed by others”. It is a guarantee of origin and inferentially, an assurance to the consumer that the quality will be what he or she has come to associate with a particular trade-mark (as in the case of the mythical “Maytag” repairman).

The BARBIE doll is said by the manufacturer, Mattel Inc. to be an iconic figure of pop culture. And so, within limits, it is. The sale of various BARBIE products annually exceeds $1.4 billion worldwide, representing 35 percent of the appellant’s sales. The appellant advises that Canadian girls aged 3 to 11 years are given an average of two BARBIE dolls per year. Mattel was recently advised that a company is seeking to register trade-marks in connection with its small chain of Montreal suburban “Barbie’s” restaurants. Mattel feels the use of the name (albeit in relation to different wares and services) would likely create confusion in the marketplace. On a casual acquaintance with both marks, it is contended, there is a likelihood that consumers would think that the doll people had something to do with a restaurant called “Barbie’s”. Or, as Mattel framed its point in a consumer survey by asking the following question “Do you believe that the company that makes Barbie dolls might have anything to do with the restaurant identified by this sign or logo?” (Emphasis added.)

Question:

The matter proceeds to Court. How do you think a court would rule on the issue and why?

**Please do not copy previous answers. Thank you.

In: Operations Management

Please explain how each of the three elements of the definition of leadership listed below applies...

Please explain how each of the three elements of the definition of leadership listed below applies to Tim Cook as Apple’s leader.

    • Influence
    • Organizational objectives
    • People

In: Operations Management

Payback Period and Accounting Rate of Return: Equal Annual Operating Cash Flows with Disinvestment Roopali is...

Payback Period and Accounting Rate of Return: Equal Annual Operating Cash Flows with Disinvestment
Roopali is considering an investment proposal with the following cash flows:

Initial investment-depreciable assets $60,000
Initial investment-working capital 6,000
Net cash inflows from operations (per year for 10 years) 11,000
Disinvestment-depreciable assets 5,000
Disinvestment-working capital 2,000

For parts b. and c., round answers to three decimal places, if applicable.

a. Determine the payback period.
Answer

years

b. Determine the accounting rate of return on initial investment
Answer

c. Determine the accounting rate of return on average investment
Answer

In: Accounting

2- Henrietta is self-employed and would like to know what kind of deduction she could get...

2- Henrietta is self-employed and would like to know what kind of deduction she could get for her home office. She has gross income from her business of $150,000. Her total home square footage is 2,500. The square footage of her office is 150. Total utilities $600. Total home mortgage interest $10,000. Total real estate taxes $4,000.

  1. Explain to Henrietta the options for calculating the home office deduction.
  2. Based on the information provided what would be Henrietta’s deduction?
  3. What information should you discuss with Henrietta regarding the requirements of taking this deduction?

In: Accounting

F-I is the answers I need Stock A and Stock B produced the following returns during...

F-I is the answers I need

Stock A and Stock B produced the following returns during the past five years (Year -1 is one year ago, Year -2 is two years ago, and so forth):

Year                            Stock A’s Returns,   Stock B’s Returns,

-1                                        –18.00%                                   –14.50%

-2                                          33.00                                         21.80

-3                                          15.00                                         30.50

-4                                          –0.50                                         –7.60

-5                                          27.00                                         26.30

  1. Calculate the average rate of return for each stock during the past five years.
  2. Assume that someone held a portfolio consisting of 50 percent Stock A and 50 percent Stock B. What would have been the realized rate of return on the portfolio in each year for the past five years? What would have been the average return on the portfolio during this period?
  3. Calculate the standard deviation of returns for each stock and for the portfolio.
  4. Calculate the coefficient of variation for each stock and for the portfolio. If you are a risk-averse investor, would you prefer to hold Stock A, Stock B, or the portfolio? Why?
  5. Assume a third stock, Stock C, is available for inclusion in the portfolio. Stock C produced the following returns during the past five years:

Year                               Stock C’s Return, σ

-1                                            32.00%

-2                                          –11.75

-3                                            10.75

-4                                            32.25

-5                                            –6.75

Input these values and calculate the average return, standard deviation, and coefficient of variation for Stock C.

  1. Assume that the portfolio now consists of 33.33 percent Stock A, 33.33 percent Stock B, and 33.34 percent Stock C. How does this composition affect the portfolio return, standard deviation, and coefficient of variation versus when 50 percent was invested in A and in B?
  2. Make some other changes in the portfolio, making sure that the percentages sum to 100 percent. For example, enter 25 percent for Stock A, 25 percent for Stock B, and 50 percent for Stock C. Notice that remains constant and that sp changes. Why do these results occur?
  3. In part b, you should see that the standard deviation of the portfolio decreased only slightly because Stocks A and B were highly positively correlated with each other. The addition of Stock C causes the standard deviation of the portfolio to decline dramatically, even though sC = sA = sB. What does this change indicate about the correlation between Stock C and Stocks A and B?
  4. Would you prefer to hold a portfolio consisting only of Stocks A and B or a portfolio that also includes Stock C? If others react similarly, how might this fact affect the stocks’ prices and rates of return?

In: Finance

What is program sustainability? Discuss key factors of program sustainability. Explain why each factor is essential...

What is program sustainability? Discuss key factors of program sustainability. Explain why each factor is essential to program sustainability.

Your response must be at least 200 words

In: Psychology

Calculate the value of a stock with the following expectations for dividend payments: $1.75 in Year...

Calculate the value of a stock with the following expectations for dividend payments: $1.75 in Year 1, $2.00 in Year 2, and then annual dividend growth of 1.5% per year indefinitely. Assume a discount rate of 9%. Solve the problem two different ways: first by using the algebraic formula for the Gordon Growth Model combined with PV of uneven dividend payments, then by using Excel to calculate and sum the dividends and their respective present values for the next 150 years

In: Finance

Locomotive Corporation is planning to repurchase part of its common stock by issuing corporate debt. As...

Locomotive Corporation is planning to repurchase part of its common stock by issuing corporate debt. As a result, the firm’s debt–equity ratio is expected to rise from 40 percent to 50 percent. The firm currently has $3.2 million worth of debt outstanding. The cost of this debt is 7 percent per year. The firm expects to have an EBIT of $1.31 million per year in perpetuity and pays no taxes.

  

a.

What is the market value of the firm before and after the repurchase announcement? (Enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

  

Market value
  Before $   
  After $   

  

b.

What is the expected return on the firm’s equity before the announcement of the stock repurchase plan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  

  Expected return %

  

c.

What is the expected return on the equity of an otherwise identical all-equity firm? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  

  Expected return %

  

d.

What is the expected return on the firm’s equity after the announcement of the stock repurchase plan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  

  Expected return %

In: Finance

Consider the following reaction: HC2H3O2(aq)+H2O(l)?H3O+(aq)+C2H3O?2(aq) Kc=1.8

Consider the following reaction:
HC2H3O2(aq)+H2O(l)?H3O+(aq)+C2H3O?2(aq)
Kc=1.8

In: Chemistry

Using the data set provided, Make (and state) any necessary assumptions and apply the following forecast...

Using the data set provided, Make (and state) any necessary assumptions and apply the following forecast methods to the earliest two years of actual data:

Three-period weighted moving average with weights of .50, .30, and .20 and the heaviest weights applied to the more recent data points;

(c) Evaluate the applied forecast methods using : Cumulative forecast error (CFE) Shipments Fasteners

Shipments Fasteners
Jan-17 335798
Feb-17 297853
Mar-17 318399
Apr-17 311730
May-17 363876
Jun-17 296832
Jul-17 297513
Aug-17 321144
Sep-17 317677
Oct-17 325487
Nov-17 272937
Dec-17 276282
Jan-18 335439
Feb-18 310514
Mar-18 407754
Apr-18 356169
May-18 345322
Jun-18 331997
Jul-18 343059
Aug-18 350277
Sep-18 265205
Oct-18 389332
Nov-18 310474
Dec-18 308429
Jan-19 385807
Feb-19 332529
Mar-19 407606
Apr-19 361946
May-19 453432
Jun-19 412892
Jul-19 447359
Aug-19 363769
Sep-19 361232
Oct-19 451421
Nov-19 363724
Dec-19 331619

In: Operations Management

Define the following written parts of speech: (a) noun, (b) pronoun, (c) verb, (d) adverb, (e)...

Define the following written parts of speech: (a) noun, (b) pronoun, (c) verb, (d) adverb, (e) adjective, (f) preposition, (g) conjunction, (h) interjection.

In: Nursing

What can be done to motivate companies to evaluate training programs? Give examples in your answer.

What can be done to motivate companies to evaluate training programs? Give examples in your answer.

In: Operations Management

Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay...

Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a coupon rate of 8.16%. If the yield to maturity for the bond is 7.60%, what will the price of the bond be?

In: Finance

Toolkit Exercise 8.3 Your Development as a Change Agent Novice change leaders often picture themselves as...

Toolkit Exercise 8.3

Your Development as a Change Agent

Novice change leaders often picture themselves as being in the right and those that oppose them as somehow wrong. This certainty gives them energy and the will to persist in the face of such opposition. It sets up a dynamic of opposition—the more they resist, the more I must try to change them, and so I persuade them more, put more pressure on them, and perhaps resort to whatever power I have to force change.

1.      Think of a situation where someone held a different viewpoint than yours. What were your assumptions about that person? Did you believe they just didn’t get it, were wrong headed, perhaps a bit stupid?

      Or did you ask yourself, why would they hold the position they have? If you assume they are as rational and as competent as you are, why would they think as they do? Think back to Table 8.2. Are you at stage one, two, three, or four?

2.      Are you able to put yourself into the shoes of the resister? Ask yourself: What forces play on that person? What beliefs does he or she have? What criteria is he or she using to evaluate the situation?

3.      What are the implications of your self-assessment with respect to what you need to do to develop yourself as a change agent?

In: Operations Management