Chapter 13: Aggregate planning. After completing this unit, you should be able to: Define aggregate planning, identify optional strategies for developing an aggregate plan, prepare a graphical aggregate plan, solve an aggregate plan via the transportation method of linear programming, understand and solve a yield management problem.
Bonds pay fixed coupon (interest) payments at fixed intervals (usually every 6 months) and pay the par value at maturity.
Debentures - unsecured bonds.
Subordinated debentures - unsecured “junior” debt.
Mortgage bonds - secured bonds.
Zeros - bonds that pay only par value at maturity; no coupons.
Junk bonds - speculative or below-investment grade bonds; rated BB and below. High-yield bonds.
Eurobonds - bonds denominated in one currency and sold in another country. (Borrowing overseas).
example - suppose Disney decides to sell $1,000 bonds in France. These are U.S.
Dilemma: Should the firm use retained earnings for:
a) Financing profitable capital investments?
b) Paying dividends to stockholders?
If we retain earnings for profitable investments, dividend yield will be zero, but the stock price will increase, resulting in a higher capital gain.
The author wishes to acknowledge the following professors who provided insightful reviews of individual chapters of this and previous editions. Without your concern and thoughtful commentary, this effort for our students would not have been possible: Thomas Jones, University of Nevada at Las Vegas; Robert McMullin, East Stroudsburg State University; and James Reid, New York City Technical College.
Bài giảng Chapter 1: Overview of Financial Management and the Financial Environment present of Financial management (Forms of business organization, Objective of the firm Maximize wealth, Determinants of stock pricing) and The financial environment (Financial instruments, markets and institutions, Interest rates and yield curves).
The prevailing low food production in sub-Saharan Africa is an issue of
great concern especially since Africa south of the Sahara is the only remaining
region of the world where per capita food production has remained stagnant. This
chapter reviews long-term experiments in Africa in the context of shifting paradigms
related to tropical soil fertility management from fi rst external input paradigm right
through to the current Integrated Soil Fertility Management (ISFM) approach,
which is a culmination of the participatory methods developed along the paradigm
Leadership is one of the most important and essential factors in good project
management. Leadership can be seen as the art of influencing others to achieve desired
results. Leaders guide behaviors by setting the vision, direction and the key processes; in
other words, leadership has a large influence on the whole project process, including the
actions of others.
Jack Welch, previous CEO of General Electric, is reported to have called his
direct reports together one day and issued a three word dictum: “Don’t manage!
Soybean cyst nematode (SCN), or Heterodera
glycines, is the most destructive pathogen of
soybean in North America. Soybean producers
in the United States lost more than 300 million
bushels to the soybean cyst nematode from 2003
to 2005. More yield is lost to SCN than any other
At present, soybeans are planted on more than 70
million acres in North America. SCN is widely
distributed in all major soybean production areas
of the United States (see map, right).
SCN was first found in the Western Hemisphere
in North Carolina in 1954. Before then, SCN was
After studying chapter 4, you should be able to: Distinguish among the various terms used to express value, including liquidation value, going-concern value; value bonds, preferred stocks, and common stocks; calculate the rates of return (or yields) of different types of long-term securities; list and explain a number of observations regarding the behavior of bond prices.
Chapter 10 entitled 'Quality control' explains the elements of the control process, and how control charts can be used to monitor processes in order that they are performing in an acceptable manner. Quality control is a process that measures output relative to a standard and takes corrective action when output does not meet standard. Inspection can be used as part of an effort to improve process yield. One measure of process yield is the ratio of output of good product to the total output.
Chapter 4 - Valuation of long-term securities. After studying chapter 4, you should be able to: Distinguish among the various terms used to express value, including liquidation value, going-concern value; value bonds, preferred stocks, and common stocks; calculate the rates of return (or yields) of different types of long-term securities; list and explain a number of observations regarding the behavior of bond prices.
(BQ) Part 1 book "Corporate bond portfolio management" has contents: Features of corporate bonds, analysis of convertible bonds, measuring interest rate risk, corporate spread curve strategies, general principles of corporate bond valuation and yield measures,...and other contents.
Lecture Fundamentals of financial management - Chapter 4 "The financial environment: Markets, institutions, and interest rates". This chapter presents the following content: Financial markets, types of financial institutions, determinants of interest rates, Yield curves.
Lecture Fundamentals of financial management - Chapter 7: Bonds and their valuation. This chapter presents the following content: Key features of bonds, bond valuation, measuring yield, assessing risk.
My 40-year career in marketing has produced some knowledge and
even a little wisdom. Reflecting on the state of the discipline, it occurred
to me that it is time to revisit the basic concepts of marketing.
First, I listed the 80 concepts in marketing critical today and
spent time mulling over their meanings and implications for sound
business practice. My primary aim was to ascertain the best principles
and practices for effective and innovative marketing. I found this
journey to be filled with many surprises, yielding new insights and
Chapter 18 Distributions to Shareholders: Dividends and Repurchases
a. The optimal distribution policy is one that strikes a balance between dividend yield and capital gains so that the firm’s stock price is maximized. b. The dividend irrelevance theory holds that dividend policy has no effect on either the price of a firm’s stock or its cost of capital.
CHAPTER 4 The Financial Environment:
Markets, Institutions, and Interest Rates Financial markets Types of financial institutions Determinants of interest rates Yield curves
4-1 What is a market?
A market is a venue where goods and services are exchanged.
International research on natural resource management advances in impact assessment
Increased concern about the environmental and natural resource implications of agriculture has given rise to an emphasis on research that calls attention to these issues in developing countries. National and international agricultural research systems, including the research Centres under the Consultative Group on International Agricultural Research (CGIAR), have intensified research on natural resource management (NRM) both in terms of budget allocation and priority setting.
Organic farming is a modern way of agriculture management, not using any chemical
treatments which have negative effects on the environment, human health or animal health.
It produces organic foodstuffs, and at the same time enhances the living conditions of
animals. It contributes to environmental protection and helps biodiversity to increase.
Organic farming does not mean going ‘back’ to traditional (old) methods of farming. Many
of the farming methods used in the past are still useful today.
CHAPTER 7 Bonds and Their Valuation
Key features of bonds Bond valuation Measuring yield Assessing risk
What is a bond?
A long-term debt instrument in which a borrower agrees to make payments of principal and interest, on specific dates, to the holders of the bond.