Security Analysis and Portfolio Management Free Essay Example, 750 words

ï » ¿Question # 3: a) There is direct relationship between the economic conditions and the performance of the stock market of a particular economy. This makes it necessary to investigate the overall condition of the economy before making an investment decision to purchase finance securities. An investor will be able to get increased return on the financial securities if the economic condition is positive. The fundamental analysis of the stock market involves the method of stock valuation which utilizes the concepts of financial and economic analysis in order to forecast the future movement and condition of the value and prices of the financial securities. b) Gross Domestic Product (GDP): 1. Gross Domestic Product (GDP) is the measurement of the all goods and services produced by the economy. It is the most essential indicator of the economic condition of any country and reflects the overall economic activities. 2. Five primary components of GDP are: private consumption (C), government consumption (G), investments (I), imports (M), and exports (X). GDP = C + I + X – M 3. Real GDP is different from nominal GDP, as it is adjusted for any changes in the price. We will write a custom essay sample on Security Analysis and Portfolio Management or any topic specifically for you Only $17.96 $11.86/pageorder now Real GDP provides the result in constant dollars. Most of the analysts mostly use real GDP while analyzing the economy because it allows the better outlook of the overall condition of the economy. This measure allows to compare the performance of the economy in different time periods as the effect of inflation or deflation has been adjusted. c) Cyclic economic indicators are useful to predict and forecast the economic condition. 1. The three groups of cyclic economic indicators are: leading indicators, lagging indicators, and coincident indicators. These indicators are divided on the basis of their occurrence timings in relation to the business cycle. The leading indicators consist of those economic variables which show changing trend before the complete change in the economy. The lagging indicators consist of those economic variables which change after the change in the economy. And coincident indicators consist of economic variables which change a t the same time the economy is changing. 2. The most useful economic indicator will be leading indicators for forecasting the economic activity as these indicators will allow to take necessary steps and measures beforehand. d) The technical analysts or chartist usually focus on the price and volume charts in order to forecast the future trends in the stock industry. However, economic indicators can also be used by technical analysis in the process of technical analysis. Economic indicators can help the technical analysts in predicting the future market activity. e) According to the Efficient Market Hypothesis (EMH) the financial markets are efficient in term of information. This means that it is not possible for the investor to get excess returns as compared to the average market returns, as the prices of the stock always reflect all relevant and important information. On the other hand behavioral finance presents the idea that there are imperfections in the financial markets because of the different behaviors and attitud es of the investors like overconfidence, bias information, overreaction, etc. Question # 4: a) The two types of municipal bonds or securities are: General Obligation bonds and Revenue bonds. The difference between this both types is on the basis of the repayment of the principal and interest. In General Obligation bonds the payments of the principal and interest are supported by the faith and credit of the issuer or municipality and are supported by the taxing power of the municipality. On the other hand in Revenue bonds the payment of principal and interest is secured on the basis of revenue generated from specific project. b) In order to assess the default risk of General Obligation bonds one should consider the taxing base of the municipality i. e. the current debt in against this base and the variability associated with the tax (Fischer & Jordan, 356). On the other hand in order to assess the default risk of Revenue bonds, one should consider the financial feasibility of the project which is supporting the bond and the variability associated with the revenue generated from that specific project. c) If the municipal bonds are not supported by taxes, then municipality purchases private municipal bond insurance in order to reduce the risk associated with the municipal bond and increasing the credit rating. Municipality justify the cost of the insurance premium by the value of the interest cost which is saved throughout the life of the bond (Feldstein & Fabozzi, 1088). d) The main feature that attracts investors to buy and own municipal bonds is interest revenue or income earned by municipal bond holders are usually exempted from income tax of the state and federal income tax. e) Serial bond is defined as a bond whose fraction or portion gets matured at regular intervals till complete bond has become matured. In comparison to serial bonds, corporate bonds are matured at the end of their tenure so a typical bondholder would get the principle amount at the end of duration rather than getting small portion of principle at regular intervals as in the c ase of serial bonds. Works Cited Feldstein, Sylvan, & Frank, Fabozzi. The Handbook of Municipal Bonds. New Jersey: Wiley & Sons, Inc. , 2008. Fischer, Donald, & Ronald, Jordan. Security Analysis and Portfolio Management. New Delhi: Pearson Education, Inc. , 1995.

Arrested Development Essay - 1054 Words

------------------------------------------------- Clarence Williams ------------------------------------------------- EN102 Outline for argument analysis: Arrested Development I. ------------------------------------------------- Introduction: * ------------------------------------------------- James Forman Jr. targets this article towards conservatives who oppose racial profiling * ------------------------------------------------- Claim: Forman claims that racial profiling is an ineffective way to enforce the law and should be stopped. ------------------------------------------------- II. Summary: Arrested Development by James Forman Jr. , is an article that looks at the issue of racial profiling. III.†¦show more content†¦------------------------------------------------- Forman follows the star criteria exceptionally well * ------------------------------------------------- He gives supporting facts, is credible, and is accurate with the facts that he stated ------------------------------------------------- ------------------------------------------------- Conclusion-In conclusion Forman effectively makes a persuasive argument against racial profiling ------------------------------------------------- Clarence Williams ------------------------------------------------- 9-23-12 ------------------------------------------------- EN102 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Argument Analysis: ------------------------------------------------- â€Å"Arrested Development: The Conservative Case Against Racial Profiling† by James Forman Jr. ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Arrested Development by James Forman Jr. , is an article that looks at the issue of racial profiling. 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Blockbuster Video Analysis Essay Example For Students

Blockbuster Video Analysis Essay The video rental industry was one of the more growing services retailers in the mid-1990s. However, due to Blockbuster, many rental video companies have failed to compete against this category killer. West Coast Video, Video City, and Hollywood Video, which are among the few and only large competitors of Blockbuster in the tri-state area. Many family-owned video rental stores could not compete against Blockbusters assortment of videos. Blockbuster opened its first store in 1985 and has grown to become the worlds number one video chain. Blockbuster is open 365 days a year with 9,800 stores worldwide. Customer base has risen above 50 million in the United States as well as several million more worldwide. The Gallup Organization, known for the Gallup Polls, declared that Blockbuster has 100 percent recognition. Most importantly, 70 percent of the population in the United States lives within ten minutes of a Blockbuster store. Category killers, however, usually attract customers from far distances. Because most customers are ten minutes away, small businesses in competition will fail. A recent marketing campaign has been the promotion of DirecTV, a digital satellite service alternative to cable television. Also, an alliance with Radio Shack has been in effect promoting new technologies. To compete against the up rise of online rental services, Blockbuster has been testing online rental services which allow customers to reserve and rent videos from specific stores. The other services retailer is West Coast Video, a Philadelphia-based company that was once a supreme challenger to Blockbuster. West Coast Video was at one point, New Jerseys largest video rental chain in 1997. That preceding year, the company acquired stores from Palmer Video, Super Video, and Great American Video. It became the fourth largest video chain with close to half of its 568 stores in New Jersey. However, the company has approximately 225 stores to avoid going out of business. This year, West Coast has closed most of its North New Jersey stores, including this analyzed store. The West Coast store has been bought out by Video City, a recent competitor trying to tackle the Northeast market. However, they only operate a small number of stores in the area and specialize in e-commerce. They have no marketing strategies as of yet. The Blockbuster store is located in Nutley, New Jersey, a middle-class town that is fairly large. The town houses over 30,000 people and the downtown area consists of a main street (Franklin Avenue) with a Shop Rite, small shops, fast-food restaurants such as Burger King, steakhouses, pizza parlors, and a number of schools. Blockbuster is located at the most condensed part of this avenue and is the largest and most noticeable business at this part of the area. This Nutley location is the largest store in New Jersey with 2 floors. There is only a second floor entrance/exit and the new releases are located on the first floor. Blockbuster also has a large assortment and variety of videos that include: drama, comedy, horror, action, martial arts, children, musical, as well as the newest line of video games. They also carry the largest number of DVDs for rent as well.Pricing at Blockbuster is relatively moderate. New release cost has risen slightly the last few years and is currently at $4.23 per rental. The length of holdings for the newest releases are two days, the rest of the new releases are 5 days, and the videos must be returned before noon. Older category releases are 5-day rentals and cost $3. 17, which is cheaper of the two companies. Games are 5-day rentals and cost $5.99. Blockbuster also offers the rental of game systems. .u410771c0eac124a8948615857ed1ab65 , .u410771c0eac124a8948615857ed1ab65 .postImageUrl , .u410771c0eac124a8948615857ed1ab65 .centered-text-area { min-height: 80px; position: relative; } .u410771c0eac124a8948615857ed1ab65 , .u410771c0eac124a8948615857ed1ab65:hover , .u410771c0eac124a8948615857ed1ab65:visited , .u410771c0eac124a8948615857ed1ab65:active { border:0!important; } .u410771c0eac124a8948615857ed1ab65 .clearfix:after { content: ""; display: table; clear: both; } .u410771c0eac124a8948615857ed1ab65 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u410771c0eac124a8948615857ed1ab65:active , .u410771c0eac124a8948615857ed1ab65:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u410771c0eac124a8948615857ed1ab65 .centered-text-area { width: 100%; position: relative ; } .u410771c0eac124a8948615857ed1ab65 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u410771c0eac124a8948615857ed1ab65 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u410771c0eac124a8948615857ed1ab65 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u410771c0eac124a8948615857ed1ab65:hover .ctaButton { background-color: #34495E!important; } .u410771c0eac124a8948615857ed1ab65 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u410771c0eac124a8948615857ed1ab65 .u410771c0eac124a8948615857ed1ab65-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u410771c0eac124a8948615857ed1ab65:after { content: ""; display: block; clear: both; } READ: Writing for an audience Essay However, they are quite expensive, they give the customer a chance to test out the system by renting it before they decide to purchase the item. New video game systems that have come out this year are X-Box and Nintendo Gamecube. These will be very popular rentals and Blockbuster will carry all the newest game releases for these video game systems. Late fees are also a problem with customers; Blockbuster charges the cost of the rental per day. Blockbuster also has a popular program called Rewards and members pay a small fee yearly, which keeps track of customer

The Impact of Scientific Revolution on Christianity

The discoveries of outstanding scientists in the seventeenth century had impact on various dimensions of life of the society and changed the alignment of forces in the Western community. Questioning the supremacy of church as the most powerful institution in the Western society, the scientific advances revolutionized the existing system of knowledge and became an important player in exploring the phenomena of the surrounding world.Advertising We will write a custom essay sample on The Impact of Scientific Revolution on Christianity specifically for you for only $16.05 $11/page Learn More In the Middle Ages, the church was the only and the most powerful institution in the West world which could influence any sphere of life. Questioning the authority of the church always resulted in serious conflicts but did not raise the doubts as to the central role of the religious bodies in the community. The Protestant Reformation and the Scientific Revolution have ch anged the situation in the sixteenth century. Enhancing people’s understanding of the processes in the surrounding world, scientists questioned the established religious patterns along with the authority of the church. The discoveries of Copernicus and Galileo were so significant that revolutionized the generally accepted notions of the order of the universe and the central place of the humanity in it (Weaver and Brakke 106). Rene Descartes, Francis Bacon and Isaac Newton with their outstanding discoveries contributed to the scientific progress and preconditioned the changes in the alignment of forces in the society. Assuming that the universe might be not as mysterious as it was believed previously, the scientists transformed the existing system of beliefs and questioned the supremacy of the church as the most important political strength. Changing the existing system of beliefs, the scientists who contributed to the scientific revolution, revolutionized the Western world, g iving rise to doubts concerning the credibility of the Christian doctrines and the supremacy of the church as the most powerful institution. Questioning the credibility of the Christian doctrines as to the origin of humanity, its place in the universe and the organization of the universe itself, scientists made the church which previously was recognized as the most powerful institution take into account the scientific community as an important society player. The scientific revolution cannot be defined as a rapid or unexpected event, and it was preceded with a sequence of scientific discoveries and research works. It would be wrong to associate these immense changes in the society with a single name or a single work though Copernicus, Galileo, Bacon and Newton are recognized as the main contributors to the scientific progress in the seventeenth century. â€Å"With the publication of Newton’s Principia – its reconciliation with Christianity came more and more to mean t he adjustment of Christian beliefs to conform to a position of intellectual dominance over Christianity† (Osler 249).Advertising Looking for essay on religion theology? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the other hand, a number of researchers criticize the attempts of separating and opposing science and religion, emphasizing the interaction between the domains. â€Å"The proponents of a mechanical philosophy were driven by religious concerns† (Lindberg and Numbers 61). The scientific advances could not undermine the role of the church as a powerful institution in general and became only one of significant segments of the system of beliefs, influencing but no substituting the religious studies. The sequence of scientific discoveries in the seventeenth century changed the existing alignment of forces in the Western world and undermined the supremacy of church as the most powerful institution, questioning the credi bility of Christian doctrines and providing information which contradicted them. Works Cited Weaver, Mary and David Brakke. Introduction to Christianity. Belmont: Cengage Learning. 2009. Print. Lindberg, David and Ronald Numbers. When Science and Christianity Meet. The University of Chicago Press. 2003. Print. Osler, Margaret. Rethinking the Scientific Revolution. New York: Cambridge University Press. 2000. Print. This essay on The Impact of Scientific Revolution on Christianity was written and submitted by user Annabelle Stevenson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.