The Squire's Tale
The Squire's tale ends two lines into its third section, and
following this abrupt termination is the "wordes of the Frankeleyn to the
Squier." The Franklin praises the young Squire's attempt at a courtly
romance and says that he wishes his own son was more like the Squire. This
is followed by the "wordes of the Hoost to the Frankeleyn." Many critics
believe that the words of the Franklin to the Squire are intended as an
interruption of the tale that threatens to go on far too long. However, I
believe the words of the Franklin to the Squire were not meant to be an
interruption at all. There are four main reasons why I believe the passage
was not meant to be an interruption: one, the Franklin's admiration of
gentillesse would have made him reluctant to interrupt the Squire; two, the
passage ends two lines into the third section when the logical place for an
interruption would be at the end of the second section (Clark, 160-161);
three, the passage is similar to that of the Host to Chaucer after his Tale
of Melibee- which was an end comment, not an interruption ; and four, the
structure and tone of the passage does not seem to be that of an
interruption.
In praising the Squire, the Franklin mentions how he is impressed
with his "gentilly" (674) or "gentillesse" (694). If we are to believe
what the Franklin is saying, that he admires his gentillesse and that he
wishes his son "myghte lerne gentillesse aright" (694), we should also
assume the Franklin would try and also show gentillesse. In fact, from the
General Prologue we know that the Franklin was a member of Parliament and a
feuda...
... middle of paper ...
...n it. It therefore
would be a likely possibility that the passage is just one more loose end.
Works Cited
Clark, John W. "Does the Franklin Interrupt the Squire?" Chaucer Review 7
(1972): 160-61
Peterson, Joyce E. "The Finished Fragment: A Reassessment of the Squire's
Tale." Chaucer Review 5 (1970): 62-74
Seaman, David M. "The Wordes of the Frankeleyn to the Squier: An
Interruption?" English Language Notes 24 (1986): 12-18
Spearing, A. C. The Franklin's Prologue and Tale. London, 1966
Specht, Henrik. Chaucer's Franklin in the Canterbury Tales: The Social
And Literary Background of a Chaucerian Character. Copenhagen, 1981
Manly, John M. and Rickert, Edith. The Text of the Canterbury Tales,
Studied on the Basis of all Known Manuscripts. Chicago, 1940
In SIVMED’s case, based on the definition of WACC, all capital bases should be included in its WACC. These include its common stock, preferred stock, bonds and long-term borrowings. In addition to being able to compute for the costs of capital, the WACC also determines how much interest SIVMED has to pay for all its activities. The value of the firm’s stock, which we want to maximize, depends of the after-tax cash flow. Hence, after-tax values for WACC are also needed. Furthermore, cost of capital is used to determine the cost of each debt, stock or common equity. Being able to analyze these will be essential into deciding what and how new capital should be acquired. Hence, the present marginal costs are ideally more essential than historical costs.
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In order to do this the WACC approach will be used based on the assumption that leverage will stay constant after 2012. Industry average of debt/value is 28.1 percent and debt/equity 71.9 percent. These figures will be used as an estimate for long-term leverage because it is expected that AirThread will maintain a leverage ratio that is constant with the industry. From this the relevered equity beta is found to be 0.9847 which will give an equity rate of return of 9.42 percent. The rate of return on debt will be 5.5 percent. This is the percentage of debt because it is the interest rate of the 10 year U.S. Treasury bond. The WACC is now found to be 7.80 percent. Next, the long-term growth rate of 2.9 percent will be assumed to stay constant. In order to determine the FCF 2013 FCF 2012 of $315.60 will be multiplied by the growth rate. This will give a FCF 2013 of $323.48. The FCF 2013 will then be divided by the WACC minus growth rate. By doing this the PV of terminal value is found to be approximately $4.6 billion. To see the calculations for this step refer to Exhibit 3 in the
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As such, people are less optimistic about the future and have chosen to scrimp and save to last through the recession. Therefore, this has resulted in a decline, in demand for houses, (Tapper & Travers, 2009). This has also resulted in a decline in prices. However, the prices can change in the future when the economy picks up, and people become more confident about the economy. To conclude, the point, which affects one’s decision to buy a new home, is never constant, one's financial situation, level of income, and even number of family members changes all the time. For this reason, people will take into consideration different factors when making the crucial decision for or against the purchase of a new house.
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(2) Geoffrey Chaucer. The Canterbury Tales edited by M.H. Abrams. The Norton Anthology of English Literature. (New York: W.W. Norton & Company, Inc., 2001). All future references will come from this text.
Chaucer, Geoffrey. “The Canterbury tales: The Prologue”. Our Literary Heritage. Ed. Desmond Pacey. 4th ed. Montreal, Que.: Mcgraw-Hill Ryerson ltd., 1982.
Beidler, Peter G. "Chaucer's Tales" Chaucer Review Vol: 34, Issue: 4. April 01, 2000. 388-397
Russell, J. Stephen. Chaucer & the Trivium: The Mindsong of the Canterbury Tales. Miami: University Press of Florida, 1998.
...eveals insecurities of him in the process while that itself tells us more about the popular culture in this time. Chaucer, along with many of the other pilgrims attempts to place themselves in a socially desirable or even superior position. With the Narrator having the responsibility of articulating the tales to us in a coherent fashion, he might feel pressure to present himself as all-knowing or superior to his companions rather than show us an honest and unbiased point of view. After all, he is telling the story; the Narrator can ultimately choose to tell us whatever he pleases. The Narrator plays the role of telling tales and providing the groundwork for this pilgrimage story, but since his ideas and opinions are designed in such a particular way; he indirectly tells us so much more about not only about the pilgrimage but of this time period’s culture as a whole.
The Squire in The Caterbury Tales by Geoffrey Chaucer In the General Prologue of The Canterbury Tales, the narrator, Geoffrey Chaucer, meets twenty nine pilgrims at the Southwark at the Tabard Inn. They are all going to Canterbury Cathedral to visit the shrine of Sir Thomas Becket. Chaucer decides to tag along, taking some time to describe each pilgrim. The author uses many metaphors, personal histories, and examples of how they would act in certain situations to fully describe the characters in the story.
Chaucer, Geoffrey. The Canterbury Tales: Riverside Chaucer Third Edition. Ed. Larry D. Benson. Boston: Houghton Mifflin Company,1987. 3-328 Secondary
Throughout the 24 tales, Romance is overdone and the range of attitudes towards life and literature is expressed. The main point of the tales are to share morals. You will now read a few summaries of some of the tales presented in Chaucer's works.