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Fees Eat Diversification`s Lunch
... consider whether it is a wholesome meal or empty calories.3 Data. We have two key data sources. First, we use the J. P. Morgan (JPM, hereafter) Long-term Capital Market Return Assumptions. This is a publiclyavailable set of asset class risk, return, and correlation assumptions. It covers 45 asset cl ...
... consider whether it is a wholesome meal or empty calories.3 Data. We have two key data sources. First, we use the J. P. Morgan (JPM, hereafter) Long-term Capital Market Return Assumptions. This is a publiclyavailable set of asset class risk, return, and correlation assumptions. It covers 45 asset cl ...
Risk Cannot Explain the Muni Puzzle
... U.S. government’s option to rescind the tax-exemption feature of municipal bonds. In 1988 the Supreme Court ruled in South Carolina v. Baker that the U.S. government has a right to tax interest on municipal bonds [see Poterba (1989) for details]. In principle, the characteristics of the government’s ...
... U.S. government’s option to rescind the tax-exemption feature of municipal bonds. In 1988 the Supreme Court ruled in South Carolina v. Baker that the U.S. government has a right to tax interest on municipal bonds [see Poterba (1989) for details]. In principle, the characteristics of the government’s ...
ASX Listing Rules Appendix 1A - ASX Listing Application and
... For options to acquire unissued securities, this should state the number outstanding, exercise prices and expiry dates. For debt securities or convertible debt securities, this should state their nominal or face value; rate of interest; dates of payment of interest; date and terms of redemption; and ...
... For options to acquire unissued securities, this should state the number outstanding, exercise prices and expiry dates. For debt securities or convertible debt securities, this should state their nominal or face value; rate of interest; dates of payment of interest; date and terms of redemption; and ...
FORM 10-K - cloudfront.net
... This Annual Report on Form 10-K contains forward-looking statements which reflect management's expectations regarding our future growth, results of operations, operational and financial performance and business prospects and opportunities. These forward looking statements are within the meaning of S ...
... This Annual Report on Form 10-K contains forward-looking statements which reflect management's expectations regarding our future growth, results of operations, operational and financial performance and business prospects and opportunities. These forward looking statements are within the meaning of S ...
Two Agency-Cost Explanations of Dividends
... o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for poorly-managed or failing firms such firms should disinvest or l ...
... o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for poorly-managed or failing firms such firms should disinvest or l ...
AMC Networks Inc.
... reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires an evaluation of (i) transfer of control, (ii) variable consideration, (iii) allocation of selling price for multiple elements, (iv) intellectual property licenses, (v ...
... reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires an evaluation of (i) transfer of control, (ii) variable consideration, (iii) allocation of selling price for multiple elements, (iv) intellectual property licenses, (v ...
State of the Markets
... rating agencies may fail to make timely changes in credit ratings in response to subsequent events, so that an issuer’s current financial condition may be better or worse than a rating indicates Interest Rates. Changes in the market conditions such as the interest rate environment may impact the v ...
... rating agencies may fail to make timely changes in credit ratings in response to subsequent events, so that an issuer’s current financial condition may be better or worse than a rating indicates Interest Rates. Changes in the market conditions such as the interest rate environment may impact the v ...
NOTAS EXPLICATIVAS ÀS INFORMAÇÕES TRIMESTRAIS DE 30
... possible effects on the balance sheets, statements of operations, comprehensive income, cash flows and all related disclosures, in view of the negotiations in progress, and the dependence of the aforementioned future events that may or may not occur, such as, the approval of the Reorganization Plan ...
... possible effects on the balance sheets, statements of operations, comprehensive income, cash flows and all related disclosures, in view of the negotiations in progress, and the dependence of the aforementioned future events that may or may not occur, such as, the approval of the Reorganization Plan ...
Nuveen Build America Bond Fund
... Currently, bonds issued after December 31, 2010 will not qualify as BABs unless the relevant provisions of the Act are extended. The Obama administration and Congress are considering a variety of proposals to extend or modify the BABs program, including changes that would make it permanent, reduce t ...
... Currently, bonds issued after December 31, 2010 will not qualify as BABs unless the relevant provisions of the Act are extended. The Obama administration and Congress are considering a variety of proposals to extend or modify the BABs program, including changes that would make it permanent, reduce t ...
Understanding Counterparty Risk on Total Return
... additional units of the ETF. However it differs in that there are no taxable distributions and the value is reflected in a higher NAV per unit rather than more ETF Units. For investors, the benefits of being invested in this type of ETF are the immediate compounding of total returns and the potentia ...
... additional units of the ETF. However it differs in that there are no taxable distributions and the value is reflected in a higher NAV per unit rather than more ETF Units. For investors, the benefits of being invested in this type of ETF are the immediate compounding of total returns and the potentia ...
MAS Notice 1015 Minimum Liquid Assets and Liquidity Coverage
... is made, utilises or calls upon the commitment, such as any unutilised portion of a guarantee, any standby letter of credit, any warranty, any standby credit facility, any forward asset purchase, any underwriting arrangements, any credit protection sold by the merchant bank and any liquidity facilit ...
... is made, utilises or calls upon the commitment, such as any unutilised portion of a guarantee, any standby letter of credit, any warranty, any standby credit facility, any forward asset purchase, any underwriting arrangements, any credit protection sold by the merchant bank and any liquidity facilit ...
Basel III Leverage Ratio Framework and Disclosure Requirements
... The Associations support the Committee’s efforts to impose a leverage ratio as a supplemental, backstop measure to the risk-based measure. In its current form, however, the Proposed Framework would greatly increase the denominator of the Basel III leverage ratio (“the Exposure Measure”) by adopting ...
... The Associations support the Committee’s efforts to impose a leverage ratio as a supplemental, backstop measure to the risk-based measure. In its current form, however, the Proposed Framework would greatly increase the denominator of the Basel III leverage ratio (“the Exposure Measure”) by adopting ...
The Risk-free Rate and the Market Risk Premium
... In the interests of transparency and to promote informed discussion, the Authority would prefer submissions to be made publicly available wherever this is reasonable. However, if a person making a submission does not want that submission to be public, that person should claim confidentiality in resp ...
... In the interests of transparency and to promote informed discussion, the Authority would prefer submissions to be made publicly available wherever this is reasonable. However, if a person making a submission does not want that submission to be public, that person should claim confidentiality in resp ...
Kenon Holdings Ltd.
... Beneficial Shareholders (TASE) : If you hold Kenon Shares other than in registered form as a “shareholder of record” and your Kenon Shares are traded on the TASE, you are regarded as a beneficial holder of Kenon Shares and you may only vote your shares in one of the following ways: (a) sign and dat ...
... Beneficial Shareholders (TASE) : If you hold Kenon Shares other than in registered form as a “shareholder of record” and your Kenon Shares are traded on the TASE, you are regarded as a beneficial holder of Kenon Shares and you may only vote your shares in one of the following ways: (a) sign and dat ...
Value and Prices of Intangible Assets
... methods, but growth induced merely by accounting methods should not be paid for. Firms can create future earnings by writing down assets. A write-down of inventory, for example, results in lower cost of cost good sold subsequently and thus higher income. A restructuring charge against assets reduces ...
... methods, but growth induced merely by accounting methods should not be paid for. Firms can create future earnings by writing down assets. A write-down of inventory, for example, results in lower cost of cost good sold subsequently and thus higher income. A restructuring charge against assets reduces ...