International Finance - 1209 Words

Chapter 4 Practice Problems Percentage Depreciation †¢ Assume the spot rate of the British pound is $1.73. The expected spot rate one year from now is assumed to be $1.66. What percentage depreciation does this reflect? †¢ ($1 66 – $1 73)/$1 73 = –4.05% ($1.66 $1.73)/$1.73 4 05% Expected depreciation of 4.05% percent Inflation Effects on Exchange Rates †¢ Assume that the U.S. inflation rate becomes high relative to Canadian inflation. Other things being equal, how should this affect the (a) U.S. demand for Canadian dollars, (b) supply of Canadian dollars for sale, and (c) equilibrium value of the Canadian dollar? ï  ¶ Demand for Canadian dollars should increase, ï  ¶ Supply of Canadian dollars for sale should decrease, and ï  ¶ The†¦show more content†¦interest rates, while U.S. investors reduce their investments in Canada’s securities. ï  ¶ This places downward pressure on the Canadian dollar’s value. 3 Interaction of Exchange Rates †¢ How might this affect the value of the Canadian dollar against the Japanese yen? ï  ¶ Japanese investors that previously invested in Canada may , p shift to the U.S. Thus, the reduced flow of funds from Japan would place downward pressure on the Canadian dollar against the Japanese yen. Relative Importance of Factors Affecting Exchange Rate Risk †¢ Assume that the level of capital flows between the U.S. and the country of Krendo is negligible and will continue to be. But there is a substantial amount of trade between the U.S. and the country of Krendo. Which affect, high inflation or high interest rates will be seen in the value of the Krendo’s currency? Krendo s †¢ The inflation effect will be stronger than the interest rate effect because inflation affects trade flows. ï  ¶ The high inflation should cause downward pressure on the kren. Speculation †¢ Blue Demon Bank expects that the Mexican peso will depreciate against the dollar from its spot rate of $.15 to $.14 in 10 days. The following interbank lending and borrowing rates exist: U.S. dollar Mexican peso Lending Rate Borrowing Rate 8.0% 8.3% 8.5% 8.7% Assume that Blue Demon Bank has a borrowing capacity of either $10 million or 70 million pesos in the interbank market, depending on which currency it wants to borrow.Show MoreRelatedInternational Finance Exam4417 Words   |  18 PagesInternational finance FIN 412 Exam #2 MC:  Examples of single-currency interest rate swap and cross-currency interest rate swap are:   A.  fixed-for-floating rate interest rate swap, where one counterparty exchanges the interest payments of a floating- rate debt obligations for fixed-rate interest payments of the other counter party B.  fixed-for-fixed rate debt service (currency swap), where one counterparty exchanges the debt service obligations of a bond denominated in one currency forRead MoreSources Of Finance For Synergy International Limited1627 Words   |  7 Pagessources of finance for Synergy International Limited to enable the company to invest in new machinery, at a cost of approximately  £225,000, in order to manufacture mobile phone covers for the Samsung S7 Edge. Also included in this report, are the information needs of the different decision makers. There are long term external sources of finance that Synergy International Limited could access; they could issue preference or ordinary shares although there would be issue costs. Finance, in the wayRead MoreInternational Trade and Finance1501 Words   |  7 PagesLinda Luc Duong International Trade and Finance ECO/372 August 27, 2012 Matthew J. Angner International Trade and Finance When there is a surplus of imports brought into the United States it means that the price of the products will drop. Companies in the United States are competing with the Chinese made products will suffer from price drops on goods. Lower prices on goods will benefit consumers. Large screen Liquid Crystal Display (LCD) and High Definition Television (HDTV) is a good exampleRead MoreInternational finance management7674 Words   |  31 PagesAgency Problems Management Structure of an MNC Why Fimrs Pursue International Business Theory of Comparative Advantage Imperfect Markets Theory Product Cycle Theory How Firms Engage in International Business International Trade Licensing Franchising Joint Ventures Acquisitions of Existing Operations Establishing New Foreign Subsidiaries Summary of Methods Valuation Model for an MNC Domestic Model Valuing International Cash Flows Uncertainty Surrounding an MNCs Cash Flows UncertaintyRead MoreCase: International Trade and Trade Fina nce885 Words   |  4 PagesFITTskills: International Trade Finance Case Study #1: New Modes of Trade Finance Case Study #1: New Modes of Trade Finance Trade finance in the twenty-first century: plug and pay? Palate-Able Delights (PAD) is a niche retailer of high-end food products imported from various parts of the world. Iranian saffron and caviar, French champagnes, Italian truffles and olive oils, vintage balsamic vinegars, fine cheeses, reserve wines from the leading vintners, even limited-availability spring waters†¦ifRead MoreInternational Finance and Economy Essay1225 Words   |  5 Pagesall-time high of 149,713.4 USD Million in November of 2013. The foreign currency reserve for Turkey in December of 2013 was 109,279.75 USD million. Some worry that much of the foreign capital that finances Turkey’s current account deficit is of the flighty sort, which can leave quickly. (International Reserves and Foreign Currency Liquidity – TURKEY) With â€Å"hot money† exiting out of Turkey and their central bank hiking interest rates to try to keep their currency from falling any more, it makes itRead MoreTrade Finance and International Trade1903 Words   |  8 PagesAccording to Branch trade finance has become a strong bargaining point in the conduct of international trade. Negotiating strategy needed to reduce finance risk (Branch, 2005). Trade finance is a topic contained the financial facilities industry. Manufactured goods is sold and distributed to overseas; therefore, it takes longer to get paid. Additional time and energy is required to make sure that buyers are trustworthy and creditworthy. Also, foreign buyers who are just like domestic buyers. TheyRead MoreInternational Trade And Finance ( Bus571 )2452 Words   |  10 PagesNtec Concordia Institute of Business Submitted to: Adrian liew Course: Diploma in Business Management (Level-7) Subject: International trade and finance (BUS571) Submitted By: Amanpreet singh bajaj Student ID:CIB00002YB Assignment: International trade Introduction Quality NZ is a niche supplier of New Zealand’s first quality products and services to the rapidly expanding Indian market, with a specific focus on the food and BeverageRead MoreGlobalization and Its Impact on International Finance6130 Words   |  25 PagesGLOBALIZATION AND ITS IMPACT ON INTERNATIONAL FINANCE CONTENTS 1. Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...1 2. Introduction to the concept of globalization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 3. Different areas of effect of globalization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 4. International finance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..9 5. The impact of globalization on international finance i. Relationship between globalization and international finance†¦Ã¢â‚¬ ¦....12 ii. Globalization and its impact on developing countries†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreEssay on finance case vanguard international growth830 Words   |  4 Pagesï » ¿ Issues 1. Explain why an individual investor might want to invest in an international growth fund? 2. Describe the risk associated with making an investment in an international growth fund. Identify the risks that would be common to domestic an international funds, and those risk that would be unique to an international fund. 3. Discuss how the fact that foreign companies are not subject to the same accounting, auditing, and financial reporting standards and practices as U.S. companies poses

Hector McDonald Zoe Free Essays

Hector Archibald Macdonald was one of the most famous British soldiers of the late 19th century. He had an outstanding reputation for great bravery. Sophie: At the age of 15, hector MacDonald was apprenticed in Dingwall to a draper, and when he was 17 he decided it was time to go into military life so he added a year on to his real age and he moved on to the Royal Clan Tartan and Tweed Warehouse In Inverness . We will write a custom essay sample on Hector McDonald Zoe or any similar topic only for you Order Now He rose rapidly through the ranks and eventually became a major- general. He first saw action and was commissioned as an officer in the Second Afghan War in the late 1870s, then distinguished himself in the battle of Majuba Hill in South Africa 1881. Zoe: After working In Britain and Ireland, he was sent to Egypt in 1884. Here he recruited and trained a load of Sudan soldiers that he led Into several victory battles. including one of the most legendary in British history, Omdurman. In 1902 the army sent MacDonald to India to take up a regional command, but he was there for only a short while before being moved to Ceylon as Commanding Officer of British forces. Sophie: But after only 11 months MacDonald was summoned and told he must return to England to answer very grave charges†. Although details still remain unclear, MacDonald was alleged to have committed sexual acts with four Ceylonese youths or to have exposed himself In a train carriage with 70 schoolboys but there Is still so solid proof that he was even gay. Zoe: The brilliant career of a national hero came to an end on the 25th March 1903. While serving in Ceylon grave charges of homosexuality were made against him. Having been sent to England on leave he was returning to Ceylon via Paris to face a court Marshall. In his hotel he read a New York Times report of the charges against him and in despair over it went to his room and committed suicide. Sophie: After his death It was uncovered that he had a secret wife and son. HIS widow arranged for her husband to be buried in secret at 6am on Monday 30th March in Dean Cemetery in Edinburgh. The public was shocked not only at the allegations but also at the arrangements of the funeral. On the first Sunday after his burial 30,000 people visited the grave. People queued for up to three hours to pay their respects and there were so many flowers that the superintendent of the cemetery refused to have any more placed. Zoe His wife Christina died in 1911 and was buried next to her husband. Their son, Hector became an engineer in North Shields. He was thought of as stern, gloomy and unsociable; he never married and became excluded from his surrounding community. He died in 1951 and is buried with his parents. IOFI sofi By sofldontcare Sophie: At the age of 1 5, hector MacDonald was apprenticed in Dingwall to a draper, in Inverness . He rose rapidly through the ranks and eventually became a major- Afghan War in the late 1870s, then distinguished himself in the battle of MaJuba Hill Zoe: After working in Britain and Ireland, he was sent to Egypt in 1884. Here he recruited and trained a load of Sudan soldiers that he led into several victory battles, youths or to have exposed himself in a train carriage with 70 schoolboys but there is Sophie: After his death it was uncovered that he had a secret wife and son. His How to cite Hector McDonald Zoe, Papers

Tom Petty the Heartbreakers Klipsch Music Center 6/15/2013 by Tom Petty the Heartbreakers free essay sample

Tom Petty and the Heartbreakers rolled into Noblesville,Indiana last night to play at the Klipsch Music Center and what a night it was. It was one I certainly won’t forget for years to come. Petty first rose to prominence in the mid 70s as a part of the Heartland Music movement along with Bruce Springsteen and Jackson Browne among others. During a time when prog rock was trying to expand our minds and every stoner on the planet was spinning Pink Floyd’s Dark Side of the Moon on repeat, Petty set out to return rock and roll to its basic form. No long and lengthy epic instrumentals or lyrics too deep to comprehend. Instead the Heartbreakers set on taking rock back to its roots with simple arrangements and lyrics that talked about life in America and the complications of everyday life. It made Petty seem human and relatable, someone you could talk to and know that he’d understand what you were going through. In many ways he probably could. Down at heart, Petty is a humble man who knows much about the hardships of life. Raised in Florida, he was physically abused by his own father and the relationship was never on solid footing as Petty’s fame grew. His mother whom Petty adored, died when he was only 30 and not long after a crazed â€Å"fan† burnt his California home to the ground. In the 90s he faced a crippling divorce to his first, wife Janet Benyo and nearly sunk into a deep depression until he met his current wife, Dana York. Petty is no stranger to tragedy but throughout it all the music was his strongest force pushing him forward to make him into the legend we know and love today. Petty’s opening act for part of the tour had turned up onstage at 7:30 and did about an hour set. While the band was fine and had a good sound, most of the people were wafting around the center and not paying them any mind. Others were antsy for Petty and were just ready for them to get off the stage. Petty finally came onstage at around 9pm, a little later than scheduled but no one was worse for the wear because of it. It was probably due to the fact that the center uses large cameras to project Petty and the bands images onscreen for the people sitting far away from the stage and it was too light at 8:30 to do so efficiently. Petty walked out onstage smiling and waving to crowd, followed by the rest of the band. He looked good, better than he had in years. Still skinny as ever, he was dressed in mauve colored dress pants, a black silk shirt and a blue fitted suit jacket that was quickly stripped away and tossed to the side due to the Indiana humidity. With a nod to Mike Cam pbell on his left, they instantly went into their set. Petty who in recent interviews has stated that he was getting tired of playing the same songs over and over, has definitely switched it up on this tour to include some well known but lesser played songs. He even brought out the acoustic guitar to play â€Å"Melinda† and let Mike Campbell rip into a fiery extended solo before Benmont Tench launched into one of his own. Petty is a man of few words and just likes to get out onstage and do his job. And get the job done he did. At 62, Petty sounds the same as he always did and has boundless energy for a man his age, walking the stage back and forth and bringing the crowd to its feet. The crowd was actually the largest one to ever be assembled at Klipsch and the energy could be felt throughout the arena. I can only imagine how Petty and the band must have felt looking out into the sea of people singing their songs back to them. To have the knowledge that so many people are the re to see you and to know they love you must be a powerful feeling. I myself even got a bit weepy during â€Å"Learning to Fly,† when Petty broke away from the mike and let the crowd finish the song, with him intoning bits of it as they went along. It may have been the stench of second hand pot and stale beer making my eyes water but I think nostalgia might have been the root cause. I can remember being in high school and coming home to put on a Tom Petty record and letting his music wash over me. Petty made me proud to be an American, knowing that here was this skinny little blonde headed guy who grew up in total obscurity in Gainesville, Florida to become one of the biggest names in music history. I too grew up in a small town where not very many people make it out of and listening to his music, I thought here is a man who understands me and I think that’s why Petty is still so popular today. His music is down to earth and is on a level that most can comprehend. The arrangements are simple but the lyrics paint such a picture in your mind that it’s infectious. As the show came to a close, Petty placed his hand over his heart and thanked the crowd saying that he loved us all and as I left the arena I felt that love. Whether or not Petty knows it, his music has touched the lives of so many people including my own that he’ll live on forever. Music is a powerful thing and will never die away. So god bless you Tom Petty and thanks for the memories! The Setlist from the show: Rock and Roll Star Love is a Long Road I Won’t Back Down Here Comes My Girl Last Dance With Mary Jane Good Enough Free Fallin’ Listen to Her Heart Tweeter and the Monkey Man You Wreck Me Melinda Learning to Fly You’re So Bad I Should Have Known It Refugee Running Down a Dream Encore: Don’t Come Around Here No More American Girl

Is there a crisis of meaning in the contemporary world Essay Example

Is there a crisis of meaning in the contemporary world Essay In modern day society, an increasing number of people question their purpose, their meaning, and their very existence on this earth. The questioning stems from either a lack of faith, a lack of understanding, lack of knowledge, or the general belief that human life pales in insignificance to the universe, and that, as described in Humanism: A Very Short Introduction, humanity amounts to nothing more then a dirty smudge on a ball of rock lost in an incomprehensively vast universe'(page 119)1. We must ask ourselves, what causes humanity to constantly question itself? Can it be solely be attributed to the rise of modern day science, which casts itself directly opposite the might and meaning of religion? Or it may be the fact that humans, are a race are more aware of the Earths small role in the vast universe; a parallel with humanities own insecurities about their own role in the colossal size of the universe. Personal situations, such as the heartbreak of unrequited love, the despair of losing your job, can evaporate all meaning in an individuals life, thus leading towards a crisis of value. In the Western world especially, the rise of atheism has also contributed towards an individuals lack of belief and sense of meaning; as one turned to religion and the belief that there was a higher power, which was substantial enough to give the individual meaning and a place in society. However, the rise of atheism, has led people to question the idea of an all powerful God. We will write a custom essay sample on Is there a crisis of meaning in the contemporary world specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Is there a crisis of meaning in the contemporary world specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Is there a crisis of meaning in the contemporary world specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The seeds of modern day atheism were sown by Karl Marx, who felt that religion was a form of control, and that the idea of a God was an illusion. He also stated that Religion is the sigh of the oppressed creature, the feelings of a heartless world, just as it is the spirit of unspiritual conditions. It is the opium of the people. 2 This school of thought gained popularity, as more and more people started to think outside of the institutionalized, rigid ideas of religion. It was thought that the idea of an all loving God, whom people had to worship did not satisfy the developing curiosity of the masses, who still wonder, how an omniscient, omnipotent higher being, can allow atrocities such as the Nazis slaughter of millions of Jews in World War 2 occur without trying to stop it, or lets natural disasters such as the Japanese earthquake and tsunami of 2011 take place. Surely if a loving God exists, such pain and suffering cannot be piled on so many people? Certain religions, such as Hinduism, go to great lengths to explain the suffering inflicted upon so many. It is a belief in Hinduism, and various other religions such as Buddhism and Sikhism, that our physical beings are just a shell for our soul, which is derived directly from God itself. This soul is reincarnated within various lifetimes, as punishment for our past sins. This means that the agony and pain undergone by so many is a direct result of our past actions, in previous lives, thus taking the absence of an intervention of God, out of the equation. The lack of a definitive answer however, leads individuals to lose faith in a God, and a religious system, as these questions eventually cannot be answered by anybody, all but leaving either a feeling of emptiness or content inside the person; as they either are satisfied with knowing theres nothing more to life, or are depressed by the thought that there is no meaning to their existence. Albert Schopenhauer, a philosopher in the 18th century rejected the idea of a God, and that suffering and loss is all of our own making, and not determined by a higher power. An existential crisis is in most cases triggered by a significant event which provokes a turning point in an individuals life. These can range from cases involving the loss of a loved one, to an individuals own sense of isolation and detachment from the modern world. Looking back on my own experience of being in the position of one who has lost faith and ultimately questioned the purpose of life, the ultimate answer is that each person must come to their own conclusion, and find their own path in life. For me, after going through the pain of unrequited love, I was lead to question God, and the reason why I had been going such heartache, while others around me were so happy, and for a period of time I felt isolated and found no reason strong enough to justify why human beings are here. For me, being brought up in a religious household, this was a radical way of thinking, and had no idea how to deal with it. My way of life had been threatened by a new way of thinking, and questioning whether all I believed in was a lie. Now I realize it was my lack underlying lack of faith which subsequently led me to question my existence and purpose on this earth. I discovered that the worst thing about questioning one selfs meaning and purpose, is that there is no definitive answer. The quest for meaning led me to research several philosophers and religious figures, including a prominent Indian philosopher, Swami Vivekananda. Swami Vivekananda enabled me to understand the meaning of our existence, by stating that human beings were like the bee who came to sip the honey, but found its feet stuck to the honey-pot, and could not get it away. Again and again we find ourselves in that state. That is the whole secret of existence. . This is further explained when he questions Why are we here? We came to sip the honey, and we find our hands and feet stuck to it3. This for me implies that human beings are never satisfied with what we have, and always seem to question more and more, without finding any satisfactory answer. The breakthroughs and discoveries in science further destroyed peoples ideas of a higher purpose, as it moved to dissolve the idea of a creator figure. Charles Darwin was a leading figure in challenging Creationism and the Great Chain of Being. His studies and new ideas such as Succession of types, Representative species, and the distribution of species were important in radically altering peoples outlook on life. His theory of evolution, ascertaining that man was essentially once a Neanderthal opposed the idea that we were created for a purpose. It challenged the idea that humanity was the center of the world, and that the hierarchy must be rejected, and that man is just a consequence of nature, which moved to dissolve many peoples belief in a higher power, thus leading them to query their existence, as Darwins theories suggested that we were not put on this planet for any specific reason by a God; we are just a consequence of natural selection and biology. Darwins theories were challenged by Karl Popper, a philosopher who claimed that scientific theories could be falsified and replaced. The problem with science however, is that it does not provide a moral code, or ascertain what is wrong and right to feel, leaving the individual in a quandary about what to believe. In conclusion, it can be said that a higher number of people fail to find meaning in their life, or at least question it at some point in their lifetime. This is due to a combination of a lack of faith in a God/religion , the emergence of science and Darwins theory of natural selection/ evolution and the consequence of suffering caused by events such as the Rwanda genocide and global AIDs crisis. The fundamental problem is that there is no definitive answer, and no solution to the questioning of an individuals purpose, leaving us to the only answer, that each individual must find their own path in life.

Animal Species essays

Animal Species essays Living creatures on Earth need three basic things in order to survive: the ability to eat, breath, and reproduce. All animals are able to do so. Animals are divided into species, among these species are: Mammals, Reptiles, Arthropods, and Aves. Mammals, also known as Mammalia, come from Latin meaning mamma breast. They are called this due to the fact that Mammals are the only animals which have mammary glands, which enable them to nourish their young solely on milk secreted from these glands. Mammals are warm blooded, and all, except for marine mammals, are mostly or completely covered with hair. Mammals give birth to live young, however, there are a few rare exceptions to this rule. A few mammals, such as the platypus, lay eggs instead of having live young. Yet once the eggs are hatched the females do have mammary glands, and produce milk for their young. Another feature of mammals is that their heart has four chambers and a muscular diaphragm that separates their chest and abdominal cavity. The mammal class includes: Dogs, cats, horses, beavers, dolphins, bats and humans. Another animal species are Reptiles, also known as Reptil which is Latin for Reptus, meaning to crawl. Reptiles are usually hairless with dry, scaly skin. They are cold-blooded, which means in order for them to maintain a stable body temperature, they must be exposed to some heat source, such as the sun, or a rock warmed by the heat of the day. Due to the need for warmth, Reptiles are naturally found in warm, dry climates. All reptiles, except for snakes, have low slung bodies with long tails, balanced on four awkwardly small limbs. Although there are a few aquatic Reptiles (Reptiles who live mainly in water), they all must come up to the surface for oxygen. Reptiles do not give birth to live young. Instead, they lay eggs on land. The female usually buries t ...

Use Modal Verbs With Care

Use Modal Verbs With Care Use Modal Verbs With Care Use Modal Verbs With Care By Maeve Maddox English, like other Germanic languages, makes use of a special class of verbs called modals: can, dare, may, must , need, ought, shall, will. Modals serve useful functions in expressing various tenses, moods, and conditions, but they can have an insidious effect on ones writing. The topics I write about mostEnglish usage and educationare modal minefields. Its difficult to express opinions about these topics without falling prey to words like must, should, need, and ought. Ex. Politicians must do this. Teachers ought to do that. Speakers should say this. Modals tend to cut off discussion. They close the subject. They create resentment and hostility. Consciously or unconsciously the reader wonders, Why must I? Why should I? Why ought I? Few people enjoy being told what to do in an imperious manner. Modals leap onto the page when we feel strongly about a subject. The challenge to the writer is to find words that will convey the importance of an idea without hitting the reader over the head with modals. Instead of telling your readers what they ought to do, look for words that lead them to embrace the ideas you are presenting. Conclusion: Writers should avoid modal verbs in their writing. OOPS! Writers achieve greater clarity and offend fewer readers by avoiding modal verbs in their writing. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:50 Rhetorical Devices for Rational Writing40 Synonyms for â€Å"Different†Wood vs. Wooden

Advanced Portfolio Management Research Paper Example | Topics and Well Written Essays - 3750 words

Advanced Portfolio Management - Research Paper Example Efficient market hypothesis works on the assumption that on the average the investors have rational expectation. With available information individual investor’s reactions are random and follow a normal distribution pattern. This in turn implies that no individual investor can outperform the market on a consistent basis. Individual investors may over or under react; individual investors may outperform or underperform for a short period. But all the deviations are random in nature and will self-correct in a short period. Thus market will always be right (Copeland and Weston, 1988). Among the three forms of efficiency, the weak form efficiency hypothesizes that the current market price does not reflect fair value and only reflects the past prices. Since it does not adapt to a change in current information, the future price cannot be predicted from past or current prices. Empirical evidence does not always support weak form efficiency of a market. There have been noted differences between stock market behavior in developed and developing countries. However research findings in different markets are not universally accepted (Elango & Hussein, 2010). Many comparative studies have been done to examine performances of many different stocks and variables results have been observed (Solink, 1973; Cooper, 1982; Urrutia, 1995; Dahel & Laabas, 1999; Rao & Shankaraiah, 2003). To compare the performance of stock markets in a rapidly changing economic scenario worldwide, it was decided to check for weak form efficiency in two developed countries and in two countries belonging to Gulf Co-operation Council for a considerably long period of time in very recent past. Four countries, the names of their stock indices considered and time periods chosen given below. Every week trades take place on 5 days of the week and the other two days are excluded from the analysis. However, given that the countries have different customs,