International finance Essay Example | Topics and Well Written Essays - 1250 words

International finance - Essay Example receiving 51.5 million USD, it is forced to pay 1 million USD to the counterparty to settle the forward and this means it will only keep (51.5 million – 1 million) = 50.5 million USD. The company would have gained if the rate went against the forward rate by an equal margin of 0.02 USD/Euro. A forward contract essentially locks in the exchange rate, no matter what happens, and depending on which way the market subsequently moves it can be beneficial or detrimental. (a) Intrinsic value of a call option may be calculated as; In the case of a Call Option:  Ã‚  Ã‚  Ã‚  Ã‚   Underlying Price  - Strike Price = Intrinsic Value. Therefore, the intrinsic values of the stocks priced at $55, $50, $45 will be as follows; As can be observed from the table, the intrinsic value of the call option with a strike of $50 remains at zero until the stock starts to trade above the strike price. The call intrinsic value is greater than zero; therefore, it rises and continues rising as the stock starts to move away from the strike price to the upside. Which is; (0.06-0.05)*(90/360)*1 million = $2,500. This interest saving of 2,500 will not come until the end of the 90-day LIBOR or Loan period. Therefore, the value at settlement is calculated from the present value of these savings; If the floating rate happens to be less than the forward rate, the result will be, negative meaning the long will pay the short; this also happens when the current rate is less than the contract rate (Scott & Wellons 1995). Hence, money may be lost since borrowing could only technically take place at lower rate with the present rates than it is possible with contract rates. (a) The annual interest rate in the UK is 6.5% while that in the US is 5.2%; the interest rate in the US is lower than that in the UK by (6.5-5.2) = 1.3%. A reduction or lower interest rate will mean that the demand for US goods will be lower as compared to those of the UK goods by a percentage of 1.3%. This means a depreciation of the

Hudson River Dredging Essay Example | Topics and Well Written Essays - 3750 words

Hudson River Dredging - Essay Example GE, along with supporters from a portion of the public, strongly opposed dredging as a cleanup option, stating that it was unnecessary since the river was eliminating the PCBs through natural means. However, in 2002 EPA initiated the dredging of two million cubic meters of sediment to remove an estimated 68,000 kilograms of PCBs from a 250-kilometer stretch of the upper Hudson. For the design and implementation of the dredging project, active public involvement was ensured by EPA2. The fish caught from the upper Hudson River were found to be contaminated with the 209 different chemical compounds of PCBs which accumulate in its fat tissues. Humans who consume contaminated fish increase their risk of cancer. Currently, PCB pollution is such that fishing for the purpose of human consumption is prohibited in the upper Hudson River, and permitted only to a limited extent downstream, by health advisories3. While cleaning the Hudson River through dredging and remediation are essential, the technological feasibility, the overall environmental benefits, the adverse impacts caused by hazardous waste from the operations, and the problems caused to nearby communities need to be taken into consideration. Thesis statement: The purpose of this paper is to discuss Hudson River dredging and remediation to remove PCBs; and to examine the environmental benefits and disadvantages resulting from the operations. The Hudson River in New York State is one of the best known examples of a large river system with widespread sediment contamination with PCBs. The upper forty miles of river will undergo cleaning operations, with 2.65 million cubic yards of sediment proposed to be removed. Cleanup has yet to begin, although dredging of 265,000 cubic yards from 94 acres is planned for the first year of dredging operations4. The United States federal government is compelled to address the problem of polychlorinated

Aims of the Practical Lab Report Example | Topics and Well Written Essays - 2250 words

Aims of the Practical - Lab Report Example In the end, the recipient would have an enhanced combination of genes, as they have been donated from the donor to the recipient (Carson, Miller and Witherow, 2011, 66). Therefore, research and pharmaceuticals have an aim of quantifying the appropriate actions that should be used in strengthening a gene by fusing some genes from a recipient to a donor. The aim of this practical is to associate the transportation of genes from one form of DNA to another combination. The recombination of the DNA is basically used to ensure the recipient is at a better state than the previous state. Therefore, finding an appropriate approach towards making a better solution in strengthening gene combination and DNA is a priority in this practical. For instance, when two genes are fixed together, the bonding creates a strong combination. With such a combination, it is evident that the recipient will be at an enhanced position in the daily functionality. It is considered that fusing two genes leads to enh anced activities in the DNA, which is appropriate in keeping a highly functioning gene combination. Materials and methods There is a wide variety of materials that should be used in this process. The materials are to be readily available, to show the importance of different combinations especially in the DNA field. The initial material that will be used in this practical is the FtsZ gene. This is a single celled alga that is indicated by the Pleurochrysis carterae (Pc-ftsZ). This is a highly active protein that is believed to be the vital structure being the division of mitochondrion in the body. The protein is solely responsible for highly initiating the reaction of the mitochondria to multiply at a higher rate. Therefore, using this material in the reaction will be dominant in making an increase in the mitochondria division. The second material to be used in this experiment will be a low-copy of plasmid pProEX. The low copy plasmid will be used in comparison to the second copy of plasmid. The third material is the high copy plasmid, which will be used with the pProEX (Carson, Miller and Witherow, 2011, 31). Inserting the pProEX into the high copy of the Plasmid will be the practical of showing the reaction of the two. The other materials to be used in this experiment are gathered pBluescript KS II which is positive (+). This is a material that is gathered from E. Coli. These will be followed by a double restriction of two enzymes, namely BamHI and HindIII. The reaction will lead to a release of FtsZ, which is also vital in the experiment. After insertion of FtsZ, it will be followed by isolating pBKS II DNA, which is done by inserting a restriction enzyme. As part of the reaction, a catalyst will be used. The catalyst in this experiment will be alkaline-phosphate (AP), which is also a treatment for the lenealised plasmid. Another function of the AP will be preventing any partially digested plasmid from re-circulating. Results Plasmids are considered to be vi tal in helping bacterial hosts, in that they are useful in preventing bacterial infections. They are useful in resistance to antibiotics and degradation of organic complexes. Therefore, it is a positive maneuver for the plasmids to be increased in their production. Reproduction of the genes in the combination will obviously come out with positive results. First, the body will be well prepared to deal with organic complexes.

The Legal and Ethical Environment of Business Essay

The Legal and Ethical Environment of Business - Essay Example This is not the case where recoveries can be made directly from the agent or person causing the harm, rather the principle behind vicarious liability is that an employer exerts control over the physical conduct of an agent and is therefore responsible for the harmful conduct. In a recent case, Arena Group 2000, the maker of a sign that fell on a San Diego man and paralyzed him, was held vicariously liable for the injury caused.2 There are also several cases where private actions for securities fraud under Section 10(b) show that corporate officers and law firms are being held vicariously liable for preparing misleading disclosure documents.3 It was held in this case that even where secondary agents are involved, where they participate in a fraudulent activity to an extent which could characterize them as authors or co-authors they may be liable for damages accruing from such harmful activity4. Another case where vicarious liability for tort was imposed upon an employer was in the cas e of American Society of Mechanical Engineers Inc v Hydrolevel Corp5 where common law agency principles were used to impute liability upon an employer in a position of sufficient authority to exert control.An employer can also become liable for vicarious liability for the harm caused by its employees under a theory of negligent hiring, where adequate checking of references and skills are not carried out by an employer before the hiring is completed6. The Strict liability rule may be enforced in corporations such as DWI and especially public corporations where the corporation will be expected to assume the liability for the tortious acts of its employees.

JOHN F KENNEDY Research Paper Example | Topics and Well Written Essays - 1250 words - 1

JOHN F KENNEDY - Research Paper Example In that context when John F Kennedy took over the presidency of America, through his benign and confident personality, he ushered in a spirit of positivity and reconciliation. He introduced the American masses to the innate strength of their nation and to a large extent inspired them to work for the good of their country. The good thing is that the positivity Kennedy inspired left a legacy of hope that continues to inspire the Americans even today, when Kennedy is no more. John F Kennedy’s father, Joseph Patrick Kennedy was a multi millionaire who accrued his fortunes in banking, stock markets, film industry, and ship building (Kenney 34). John F Kennedy happened to be the second of Joseph Patrick Kennedy’s nine children (Kenney 34). There is no denying the fact that Kennedy was brought up in a family well endowed with fortune and clout. On his mother’s side, Kennedy was related to John F Fitzgerald, his maternal grandfather who at one time also happened to be the mayor of Boston (Kenney 34). In the Kennedy family, competition, hard work and ambition were intensely encouraged amongst children, the traits that were to accompany Kennedy for the rest of his life. In 1941 Kennedy joined the American Navy (Kenney 21). By the time Kennedy got discharged from Navy, his brother Joe was lost to war and the onus to carry on the family ambition and aspirations fell on the shoulders of John F Kennedy (Kenney 21). Kennedy geared up to accept t his responsibility and in 1946, at the age of 29, became a congressman, the outcome of a determinedly and sincerely run campaign (Kenney 28). However, this achievement was still small to wet the ambition of Kennedy and so he decided to fight for the Senate in 1952 (Kenney 28). In 1953 John F Kennedy expanded his social and political clout by marrying Jacqueline Lee Bouvier, associated with a privileged and famous family (Kenney 29). The couple indeed

Strategic Management and Possesses Good Customer Essay Example for Free

Strategic Management and Possesses Good Customer Essay 1.What are the key issues presented in the study? Barclay’s is one of the four most dominant retail and commercial banks in U.K. but the company has faced many challenges between the time periods of 1980-2000. Key Issues: †¢Underperformance: The bank had lost confidence in its abilities due to years of underperformance. It had failed to reach global market place with negligible growth in divestitures and acquisitions. †¢Leadership issues: The bank failed to find a good leader between 1995 and 19999. It had five different CEOs in five years failing to contribute. †¢Cost reduction: The bank was struggling to make significant changes which could reduce its cost base. Its cost to income ratio was higher than that of competitors. †¢Lack of Planning: The bank lacked strategic planning and also had a inadequate management performance system. †¢Media and investors: The bank had become the easy target for media because of its performance and changing CEOs. This resulted into unhappy investors and demoralized employees. 2.Is Barclay’s performing well? Justify your answer. Considering the size and resources the bank has, I would say the bank is not performing according to its standards. Justification: Barclay’s possesses good customer relationship skills. They have built personal relationships with one out of five personal customers, and have direct relationships with 25% of the businesses in U.K. This is a great resource to have; unfortunately it is not able to use the resources effectively. The infrastructure of the company is not capable of using the resources properly. One of the most important things needed for success of any organization is to have a good leader which the bank lacks. The bank has little indication on where they are losing money and where to cut costs. This is due to absence of a strategic plan and poor management system. The cost to income ratio was higher than its competitors which greatly affected the company’s balance sheets. The bank had been unable to grow globally due to unmotivated and demoralized executives. The employees were not able to work in a team due to lack of communication and other corporate difficulties. In all, Barclay’s was a brand and had a reputation which it failed to fulfill because of poor management decisions and lack of proper planning and execution. 3.What are the processes that Barrett used to formulate decide and implement new strategy? Matt Barrett had a difficult task ahead to imp

T-tests For Independent And Related Samples Essay Example for Free

T-tests For Independent And Related Samples Essay Research Problem   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   With the increased violence that occurs in our society, it is a reality that most children on social welfare or those who have been placed in foster care have had negative experiences. Some children need to be counseled and psychologically helped in order to regain their sense of self and to help them cope with the difficulties that lie ahead of them. The most evident problems that these children have are in terms of their education and schooling. Despite the efforts of social welfare to help them get the education they need, most children drop out of high school. This study would like to determine the difference in the graduation rates of children in foster care who received counseling and those who did not receive counseling. Research Question   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Is there any difference in the graduation rates of children in foster care who had received counseling compared to those who did not? Hypothesis: Null hypothesis: There is no significant difference in the graduation rates of children in foster care whether they received counseling or not. Alternative hypothesis: There is a significant difference in the graduation rates of children in foster care when they received counseling compared to those who did not. Independent variable: Counseling sessions Dependent variable: Graduation rate (high school) Statistical Design: For this study, the appropriate statistical design is the related samples design (within groups) since the goal is to determine whether counseling sessions significantly increased or decreased the graduation rates of children in foster care which satisfies the assumption of the related sample t-test measures. Effect size: The effect size between the two means would indicate the degree or level of the difference between two groups, it could be high, moderate or low effect which would also indicate just how significant the difference between the two means are from each other. A probability value would not be able to clearly point out just how big the difference is. Table 1 t-test Result t df p.05 Graduation rate (with counseling vs without counseling) 2.69 73 .009 N = 30; ES = .60 Table 1 indicates that children in foster care who had received counseling were found to significantly have higher rates of graduation than those who have not received counseling. The t value (2.69) was found to be statistically significant (p.05), thus we reject the null hypothesis and accept the alternative hypothesis that children in foster care are more likely to graduate if they had received counseling. It was also found that the effect size for this result was .60 which is according to Cohen (1988) is of medium degree. This would mean that the difference in the graduation rates for the two groups may be statistically significant but the difference is actually not so big that other factors may actually come into play with why children who receive counseling have better graduation rates. Statistics N = 30 Mean 1 = 14.75; SD = 6.03 Mean 2 = 10.74; SD = 6.69 t = 2.69 df = 73 p = .009