High Yield-Bonds A bond is debt to whoever sells the bond to an inventor. If you buy an IBM bond, you are loaning money ($1000) to IBM instead of a bank loaning money to them. Just like a bank, you are going to charge IBM interest on your money, as well as a return of principle when the loan is due (ten years later). The company does not go to the bank to borrow the money, because the bank will rate the company as a high risk company. Hence, banks are really tight with their money. High yields
is a viable alternative for many fast growing firms to acquire financing and is a rewarding option for investors. The key to the still growing, strong market demand for high yield bonds is based on linking the [U.S.] economy’s constant desire for capital with investors’ desire for higher returns on their investment.
CenTrust held more than $1 billion in junk bonds and worked closely with Drexel. The relationship was launched when Drexel led an underwriting syndicate of five investment bankers that raised $12 million in subordinated debt to bolster CenTrust's capital base. Eventually, CenTrust also bought $1.4 billion in junk bonds from Drexel. Moreover, in early 1989, Lincoln and CenTrust sold warrants and other assets to each other through Drexel, with each recognizing s... ... middle of paper ... ...s of
ills. However, what is meant by ‘cultural engagement’ and the standards for achieving such a lofty goal are under debate. Simmons describes The Mezzanine as being so exclusively personal and mundane “that any larger historical frame…is gestured at only through the irony of its absence.” Other critics have diagnosed Baker’s writing in The Mezzanine with ‘descriptivitis,’ regarding Baker’s digressions as a “general clogging or stalling” in which "one thing leads, not to an end, but to another."
See Part 1 Evolution of Commercial Real Estate Finance Leading to Crowdfunding 1970’s – The Start of the Modern Commercial Real Estate Market New class of entrepreneurs with access to private capital emerged The first publicly owned funds dedicated to real estate came into being Real estate syndicators increasingly began developing sophisticated vehicles for financing 1980’s – ERTA, S&Ls and Real Estate Limited Partnerships Recessions & rate spikes led to formation of Economic Recovery Tax
technology that has been achieved by rigorous testing and obtainment of exclusive regulatory approvals, Global has successfully established its name as a major player in the industry. As such, Global was faced with the inevitable need to inject more capital into the company to fund its rapid growth. There was a set of criteria that we followed in order to reach to this conclusion: opportunity cost, expected growth, cost of borrowing, and corporate governance. Upon evaluation of all the criteria, we
J. (2009, 06 01). HOW GENERAL MOTORS LOST ITS FOCUS – AND ITS WAY. Retrieved from http://iveybusinessjournal.com/topics/strategy/how-general-motors-lost-its-focus-and-its-way#.UtSymvbPUyR Strassman, P. (2004, 12 31). Paul Strassmann on Knowledge Capital. Retrieved from http://www.brint.com/members/online/120205/strassmann.html Turban, E., Sharda, R., & Delen, D. Decision Support and Business Intelligence Systems (9th ed.). Upper Saddle River, NJ, USA: Prentice Hall
the chronical development of economics as a sub-discipline. In economics, the neoclassical and the classical economics measure the increases in the domestic income better known as Gross Domestic Product (GDP), the inputs of production are labor, capital and land and the different measures for sectors such as agriculture, manufacture, and service sector. Nevertheless, Marxist and neo-Marxist approached the economy integrating aspects of psychoanalysis focusing on national income. Marxist, neo-Marxist
needs of humans. Capital: Capital represents the wealth that are used for the production. When the produced land materials and
In the first short story of Drown by Junot Diaz, the reader follows a nine year old and his twelve year old brother, Rafa, as they stay with their uncle in Ocoa for the summer. Throughout their brief journey to unmask Ysreal, who wears a mask to hide his disfigured face caused by a pig when he was a baby, there is a very evident portrayal of the brothers’ family dynamic. Through their relationship, the reader is able to get an understanding of how machismo, their environment, and how their absent
What role, if any, does McGregor's Theory Y play at Whole Foods? Explain McGregor has written two theories about human nature. Theory X basically assumes that people will do the least amount of work required of them. That they will need to be monitored and workers will need a set of rules for every employee to follow . There is also no incentive for them to go above their current job duty. Theory Y basically believes that if you give the employee the opportunity to do well the employee will take
utility expenses But in order the books should look a little acceptable and no one should come up on their fraud instantly and specially the lower level bookkeeping team by doing their day to day entries and knowing that utility expenses is not a capital improvement they had to do it in a professional way Let’s go in to details of entering an expenses and closing it off by year end so we can understand how they did it to avoid being suspicious for their bookkeepers and it should be polished nicely
formalization is the mechanism to protect business and property rights, creating capital, raise productivity and attract investments. De Soto (2000) argues that the real estate value is worth of USD 9.3 trillion in the Third World countries that exceeds any kind of donation and loans from the developed world. We witness the unique “entrepreneurial ingenuity” that the poor created in the developing world. Although, it is a dead capital which cannot be used for economic development, unless treated properly.
Tool to Build Community Well-being Capitals Introduction Can Tho is the capital city of the Mekong Delta in Vietnam with an area of 1,389.6 square km and a population of 1,187,089 people (2009). Can Tho tourism is potential and need to be exploited effectively. The main aim of this section is about that cultural tourism as a tool to build community well-being capital which is cultural capital in Can Tho. Literature Review 1. Cultural capital Cultural capital can represent a communities’ identity
company should not make any promises it cannot meet and provide a realistic picture of the job and living conditions. Cross-cultural and language training prior to departure featured high on the respondents ' list of actions a company could take to assist their adjustment on arrival in the new environment and their on-the-job effectiveness. This feeling of utter confusion and helplessness experienced by the expatriate illustrates how a simple investment in improving an understanding of the culture
Import Substitution Describe import substitution (Inward looking) developmental strategy, clearly outlining the differences between the first and second stage. Assess its effectiveness in promoting economic development. Compare inward looking and outward looking strategies and discuss the assertion that the latter is superior. The First Stage of Import Substitution: All present day industrial and developing countries protect their manufacturing industries for the domestic markets. While the industrial
The Themes of “How Sharp Snaffles got his Capital and Wife” Romance, ‘The Big Lie’, humor, and Moral, “How Sharp Snaffles got his Capital and Wife” contains all of these in a wonderfully written story by William Gilmore Simms. Sit back and enjoy a “potation”(423) from a “corpulent barrel of Western uisquebaugh ”(422) while I argue my truths or is that ‘Lie’. This romantic story is about the trails and tribulations Sam Snaffles endured to capture the affections of Mary Ann Hopson. Sam describes
Narsapur vs. America This Women’s Studies Senior Seminar class has provided the opportunity to read about many cross-cultural issues pertaining to women. In the article, “Women Workers and Capitalist Scripts: Ideologies of Domination, Common Interests, and the Politics of Solidarity” by Chandra Talpade Mohanty, issues of “poor women worker in the global capitalist arena” (3) are addressed. Mohanty focuses on the plight of exploited, poor Third-World women. She illuminates specific issues that
Yuki Liu Acc 476 Professor Trisha Bansi Current issues in technology that affects accounting When twenty-one century comes, human enters into a new period. Through there have been developments in science, and it all adds to the richness of human life. As time goes one, science and technology have made major changes to the way we live. Technology has provided many tools that increase efficiency in any business, including accounting. In this paper, I am going to talk about three technology relatives
labor? A) technological improvements B) an increase in the capital stock C) improvements in education D) an increase in the size of the labor force 7. If technology advances: A) more output can be obtained from the same inputs. B) more inputs are needed to produce the same output. C) less output can be obtained from the same inputs. D) less output can be produced even with more inputs. 8. Which of the following does NOT qualify as physical capital? A) shovel B) factory C) backhoe D) mineral deposits 9