Financial management Coursework Example | Topics and Well Written Essays - 2500 words

Financial management - Coursework Example Bonds are valued using the time value of money principle where due to its earning capacity, money available at present are more worthy than the same amount in the future. The interest rates are treated like an equal annual cash flows streams while the face value is treated as a lump sum (Minton, 1997, pp.28). Where k is the number of periods, n is the number of periods to maturity, Yield is the yield to maturity of the Bond and PVCF is the present value of the discounted cash flows at the yield to maturity. Standard and Poor 500 (S&P 500) is a capitalization-weight index of the best performing five hundred publicly listed stock in the United States. This covers about 75% of the American equity market by capitalization. The data included in the index includes the financials such as the stock price, the market capitalization earnings and so on (Anderson, 1997, pp.456). The intrinsic value of stock is derived from estimating and discounting the future cash flows from the stock and it simply implies the estimated value of stock today. Investor and analysts to state the relationship between the stock price and the intrinsic value have used it. If the intrinsic value is greater than the current stock price, the asset should be purchase or keep hold of it if it is already owned. The asset is correctly valued if the current stock price is equal to the intrinsic value. Nevertheless, if the intrinsic value is less than the current stock price, the asset is overvalued and therefore should be avoided at all cost and if it is already held, it should be sold. Divided discounted model of stock valuation is uses a discounted cash flow model. It states that the value of stock is equal to the current value of all the future payments to which the stock holder is entitled. In this case the payments are in form of dividends. The greatest assumption by the dividend discounted model is that the dividends are steady or will continue to increase at a

Not ablicable Essay Example | Topics and Well Written Essays - 3000 words

Not ablicable - Essay Example What is good to note in this article is that Sarkozy and his government are taking steps to shake up the status quo and make some reforms with regards to the issue, particularly in matters of workplace and social inclusion. He did this by appointing officials from different races and ethnic backgrounds after his election in 2007. He created a new government post called â€Å"diversity and equality commissioner† and appointed Yazid Sabeg, foreign-born and known all throughout the country for his extensive work in â€Å"promoting diversity and workplace rights† (SHRM.org, 2009). The government had no other recourse but to make these drastic changes because of the riots that happened in one of the suburbs of Paris, particularly in the low-income, immigrant areas. The country, as Sabeg announced, is on the brink of a social civil war, and if nothing changes, then it could only get worse. It remains to be seen how the people will react to the efforts instituted by Sarkozy. In another article from the same website in January 1, 2006, Jeremy Josephs wrote about how the 35-hour work week is dividing the workforce. On one hand, economists and legislators supported the policy because they contended that it will result in greater productivity and will create more jobs. On the other hand, workers are starting to realize that â€Å"the atmosphere at work also changed. People became clock-watchers" (Josephs, 2006). Because they were working less in a week, the supplemental income coming from overtime work vanished, which left workers with families lost and desperate. The debate is still open as to whether the 35-hour week is the best way to go. How is the French workforce coping with the recession? In a recent article on June 5, 2009, two researchers from the Human Capital Institute (HCI) wrote about a growing trend in staffing management that is geared towards saving labor costs and at the same time increasing workers’ productivity. HCI, in