Finance practice - 1377 Words

MGF402 Homework 3 Due date: Thursday October 31st 1. Calculate EAR and APR for the following questions. a. You have an APR of 7.5% with continuous compounding. What is the EAR? b. You have an EAR of 9%. What is the equivalent APR with continuous compounding? c. The buyer of a new home is quoted a mortgage rate of 0.5% per month. What is the APR on the loan? d. A loan for a new car costs the borrower 0.8% per month. What is the EAR? Answer: a. 1 + EAR = e ­Ã‚ ­APR = EAR = eAPR - 1 = e.075 - 1 = 7.79% b. 1 + 9% = eAPR = Ln(1.09) = Ln(eAPR) = APR APR = Ln(1.09) = 8.62% c. 0.5% x 12 = 6% d. (1.008)12 - 1 = 10.03% 2. Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk†¦show more content†¦The T-bill rate is 7%. 7. Your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund. a. What is the expected return and standard deviation of your client’s portfolio? b. Suppose your risky portfolio includes the following investments in the given proportions. Stock A 27% Stock B 33% Stock C 40% What are the investment proportions of your client’s overal portfolio, including the position in T-bills? c. What is the reward-to-volatility ratio (S) of your risky portfolio and your client’s overal portfolio? d. Draw the CAL of your portfolio on an expected return/standard deviation diagram. What is the slop of the CAL? Show the position of your client on your fund’s CAL. Answer: a. E[rC] = .7 x 17% + .3 x 7% = 14% ÏÆ'C =Show MoreRelatedFinance Practice1024 Words   |  5 PagesFinance Practice Assessment 1. Frisch Fish Corp expects net income next year to be $600,000. Inventory and accounts receivable will have to be increased by $300,000 to accommodate this sales level. Frisch will pay dividends of $400,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities? A. No external financing is required. B. $100,000 C. $200,000 D. $300,000 2. Under normal conditions (70% probability), Financing Plan ARead MorePractice Problems on Finance1085 Words   |  5 Pages1. Stiles Corporation issues a new series of bonds on January 1, 1982. The bonds were sold at part ($1000), had a 12% coupon, and matured in 30 years, on December 31, 2011. Coupon payments are made semiannually (on June 30 and December 31). a) What was the YTM on January 1, 1982? - Explain b) What was the price of the bonds on January 1, 1987, 5 years later, assuming that interest rates had fallen to 10%? (Show in equation form, plug all the relevant numbers and without calculation, say whetherRead MoreFinance and Accounting: Practice Problems4710 Words   |  19 PagesAIS 301 Final Exam Review Note: This hand-out is designed to provide additional review materials for your exam. 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Video Games They Are Not All Bad - 580 Words

Every form of media has issues with violent behavior. Just like with people nothing is out of sight of controversy. In the past it was books and television that was linked to violent behaviors children, in the society of today it is video games that are now being linked to violent behavior. While playing games may have negative effects it can also have positive effects? So is it ethical to always turn to video games when a violent act has occurred? First looking at racing games are being attacked for dangerous driving. Though while playing those games no rules really apply and the player can do anything the game allows them to do. There have been times when those types of games have help people in dangerous situations. In august a young boy at the age of 10 and his younger brother were in a car with their grandmother. While the car was in motion the grandmother passed out leaving the two boys to try to save themselves. The 10 year old boy took control of the car and was able to get off the side of the road after the incident had happened it was made clear that he plays Mario kart and took what had gathered form that game to help save the life of both himself, his brother and grandmother from something that could have gotten them severely hurt or killed. In cases these types of games can help save lives and can even help with reaction when responding to situations like that on the road that could have had high speeds quick reaction times are needed when the sceneShow MoreRelatedEssay Do Violent Video Games Cause Bad Behavior?1373 Words   |  6 PagesEver since the video game was invented many years ago, violent, bloody games have existed also. Some include killing zombies, shooting people, and fighting that ends in either someone dying or being hurt. The outcome remains the same, and a select few continue to live out these games throughout their daily life. 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The Union Reconstructed Free Essays

1. Explain how blacks responded to their former masters after the Civil War had ended. After the Civil War had ended, blacks responded to their former masters in two different ways. We will write a custom essay sample on The Union Reconstructed or any similar topic only for you Order Now They would either return to their former masters for work and every time they would leave the plantation they would go farther claiming they didn’t want to stay on the plantation forever. This caused them to continue to have communication with their former masters and never completely became independent. The second response was they would chose to become entirely independent to their masters. They would seek work in the city and began their new free lives. Often times they all struggled but they were now free. 2. Compare the economic conditions of the South with the economic conditions of the North during the period of Reconstruction. The economic conditions of the South compared to the North during the period of Reconstruction varied quite heavily. The South was limited in many ways after the war and had little to expand and prosper where as the North had everything from political power to trade. They made it so the South could not have much political power which in turn affected them economically. These limitations came from the fear of a repeated war due to the fact that there was still much conflict occurring within the country because of matters of freed slaves and other things. 3. Discuss how southern whites reacted to the emancipation of blacks during the period of Reconstruction. After the emancipation of blacks during the period of Reconstruction, southern whites had responses of both fear and anger. They could not imagine their world without slaves in bondage, often they felt it a hassle doing chores they normally didn’t do. This lead to the feelings of anger, due to their dependency on the slave labor they were now confused and society needed to adapt in order to function once again. In some cases though the slaves had become a part of the home and the white people would miss them as a family member, often times distraught. Aside from these things, a majority of whites began to be fearful of legal intermarriage, dreading the fact that the pure white race would be destroyed. 4. Discuss President Johnson’s plan for reconstruction and Congress’s response to that plan. President Johnson’s plan for reconstruction was simply to pardon and restore all the rights of property to any former Confederate who swore allegiance to the Constitution and the Union. With this he believed he had successfully reconstructed the south and did not do much more. With this they looked to ratify the thirteenth amendment to abolish slavery. With this plan all southern states completed the Reconstruction plan and then sent representatives to the Congress that occurred in December 1865. Congress refused to seat these new senators and a large controversy out broke. 5. Describe the general attitude of the Union soldiers stationed in the South during Reconstruction toward blacks. Support your answer by citing specific incidents that occurred during that period. The attitude of the Union soldiers stationed in the South during Reconstruction towards the blacks was quite in different. They just worked to keep them in control and try to transition them from slavery to freedom. In many cases they would treat them as inferior but as well never got as bad as their former masters. They were just making attempts to help the society function. Whether they were successful is a different story. But they tried and eventually had the communities put together like a white community. 6. Discuss Congress’s plan for reconstruction and explain what Congress hoped to achieve as a result of that plan. Congress’s plan for reconstruction mainly revolved around completely freeing the black communities. They created the fourteenth and fifteenth amendments to protect the black community and restricted the power of the executive branch. They were making decision that would benefit them in the long run. They would gain the black vote and be capable of gaining more power. So they limited the power of the former Confederates and attempted to have everything in their favor. 7. Discuss the economic conditions of poor blacks and poor whites during the period of Reconstruction. The economic conditions of poor blacks as well as whites differed. They both struggled financially due to crop shortages and other such things. However the blacks also were being aided by the Bureau of Freedom. They northern financed organization was created in order to help newly freed blacks to get on their feet. They helped them financially and helped with education. However they also in a sense forced blacks to accept low paying jobs when they didn’t want to. Even with this though they helped to get the blacks going in society. 8. Was the Republican administration that controlled the southern state governments during the period of Reconstruction a success or failure? The Republican administration that controlled the southern state governments during the period of Reconstruction was more of a success than it was a failure. They were able to stabilize the south in this time. They eliminated undemocratic features from prewar state constitutions as well as provided a universal male suffrage. They even loosened the requirements for holding office. They reconstructed the South financially and physically by overhauling tax systems and approving generous railroad and other capital investment bonds. With these accomplishments as well they set up a public school system in the south and stabilized it quite well. 9. Discuss the methods by which conservative white Democrats regained control of the southern state governments at the end of Reconstruction. The methods by which conservative white Democrats regained control of the southern state governments were very passive. They came in when the Republican Party had already begun to fail and economic problems began to surface. The Democrats began to discuss the new Grant scandals, unemployment and public works projects. To add to that they also discussed the currency and tariffs in order to show important issues. Discussion of these matters showed an interest in the country whether it was there or not and allowed the Democrats to win the popular vote. 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Assess the Most Important Constitutional free essay sample

New Labour came into power on May 1st 1997 and pledged to undertake the most radical shift in constitutional arrangements which would reform British constitution. Majority agree that this was a momentous period of constitutional change, arguably the most important period of constitutional change in Britain since the introduction of universal suffrage. However others think that it was too radical, too unplanned and too unfinished. By the end of its first term (1997-2001), the Balir government had enacted a substantial reform programme. One reform introudced after 1997 was devolution. The centrepiece of Labour’s programme of constitutional reform was undoubtedly this. Referendums had been held in Scotland, Wales and Northern Ireland regading whether they should have their own Parliaments and devolved government. Devolution will almost certainly have an impact on the wishes of the people who live there to see complete independence for their country. Once devolution had been granted, complete independence would see an opportunity to point out how good that country is at self-government. It would also lead a renewed push for independence it is better for Scotland and Wales as they get to run a minority themselves without so much interference by our incompetent government. In Scotland’s first year it passed eight bills into acts and eleven bills were going through the parliamentary process. Therefore, in 12 months 19 issues relating to Scotland were either finalised or going through the process of being accepted or not. On average, the House of Commons passed one or two acts a year that directly related to Scotland. In this sense, the Scottish Parliament has been very successful as they managed to set things straight. One of the major arguments against devolution is that it will be the start of the break-up of the United Kingdom; that from small beginnings (if devolution can be seen as ‘small’) the ultimate fate of this country will be regional authorities with more devolved power in the counties – this may appeal to those who want more authority in counties like Cornwall, but many see this as the start of the break up of the United Kingdom with a massive loss of central authority. Another reason as to why it can be seen as unsuccessful is that for the Scottish, they are not allowed to interfere with English laws apart from those that concern them, for example agriculture and education. This can be seen as unfair because the British can make amendments to Scottish laws, this may lead to another reason why the Scottish should have their independence. Overall it can be seen as a success for parts of England as they were entitled to independence. In a 1997 poll, people in Scotland were asked whether they felt they were Scottish or British. They answered as followed that 63% indicated that they felt that they were Scottish or more Scottish than British. This would fit in with the Marshall model – those who felt that they were Scots would wish for their own Parliament. So it accomplished the wishes of the Scots making it a success for the Scottish population. Another reform introduced after 1997 was the Human Rights Act (1998). The Human Rights Act was implemented in 2000 but was the basic rights that each human being is entitled to, for example, fundamental rights, procedural rights and qualified rights. Some people may find this unnecessary as it is common sense to know what rights you are entitled to and that having it printed as an act could debatably have been a waste of time and the act could have just been uncodified. On the other hand people can say that the Human Rights act was very successful as it made adamant about what our rights are as humans. It helped to promote diversity as it outlined equal opportunities, regardless of colour. It promoted togetherness, hence there would be equity and equality so it introduced diversity means peace and no prejudice / discrimination or violent acts against those with different colour. It also helped vulnerable people who needed protection; it stopped them from being exploited as they knew what rights they were entitled to. The Human Rights Act of 1998 overall was a success due to the fact that it finally guaranteed basic human right for the British people and led to a protection and recognition of individuals rights. New Labour introduced another reform in 1999 which was A Freedom of Information Act. This act was an Act of Parliament that creates a public right to access to information held by public authorities. This can be seen as a positive aspect of the constitutional change as it prevents the government from being too secretive. The revelations about MPs expenses would not have been available to the Daily Telegraph had the parliamentary authorities not been preparing a document for FOI release; and there have been many other disclosures that have served to highlight stories many would wish to hide – such as Princes Charless black spider memos to government ministers. December 1997 the government issued a White Paper entitled ‘Your Right to Know’ which stated that ‘unnecessary secrecy in government leads to arrogance and defective decision- making’. This shows that it was successful because the public can see what is happening with the people who are meant to be representing their constitutions. For some, they would argue the fact that passing the act wasn’t a success as it is seen to be a waste of time and money, with requesters complaining that important information is all too often redacted. Or that it is withheld by authorities who are keenly aware of the news value of the material they hold. They could argue that sometimes information is simply lost for three or even four years in a slow appeals process as the information commissioners office is swamped with cases. From this a conclusion can be drawn that it wasn’t a success due to the wastage of money and time when things are purposely delayed. Overall it can be said that the passing of this act has been a success due to the fact that information can be revealed however something’s take time to come out within the process. Reform of the House of Lords had long been on Labour Party agendas and had plagued British politics for a hundred years, with relatively progress achieved until recently. The problem had been that historically it has been a largely hereditary and non-democratic Chamber. New Labour decided to take power away from those who were born into it and govern it to people who have earned it. This would have been good in the public eye as it would indicate that exceptional people who have been selected will serve in the House of Lords. However, the reform was left unfinished and the intention was that the initial changes would only be miniscule. The Labour Government’s proposal for a partly appointed, partly selected chamber was widely ‘rubbished’ and they handed the issue over to a committee of both houses. But they failed to come up with an acceptable alternative and the issue remains unresolved. So, the reform was mainly unsuccessful due to that it was incomplete†¦If many British people can accept that to be a royal you have to either marry or be born into it then it should have been understandable for Lords to be born into Lordship. Nevertheless, it was fair to stop hereditary lords. In conclusion as to what was the most important constitutional change introduced in UK since 1997; devolution was by far the most influential, radical and valued reform. It changed how the country is governed and it definitely had a massive impact upon the Scottish population. It signaled that the Scottish are not English and that they now have their own identity. Many people believe that the change was overdue and much needed. Devolution has given more say to the regions and made them happier with their places in the UK.