Author: chris

Please answer the following questions,

1) Which of the following transaction costs could impact the profitability of a trade?

a) Broker fee

b) Bid-ask spread

c) Depth

d) Price Impact e) A, B, and D

2) You have the opportunity to invest in two different bonds: one is a municipal bond that pays 6.00% and the other is a corporate bond that pays 8.25%. You are in the 30% marginal tax bracket. Assuming everything else is equal, in which bond should you invest? Which bond should you invest in if your marginal tax bracket is 15%?

3) You have decided to place a market order to buy 8,000 shares of stock ABC at and ask price of $30.00 per share. Your broker offers you a financing fee of 0% annual, your initial margin is 45% and your maintenance margin is 30%.

a) What is the minimum amount of equity required to place the order?

b) Suppose that you hold the 8,000 shares over a year. If the share price one year from now can be

either $33.00 or $27.00, compute the return (over equity) one year from now (both scenarios).

c) If the price is $27.00, do you have a margin call?

d) Compute the share price that triggers a margin call.

e) If the share price is $23.57, compute the additional amount of equity required to restore the

margin account to the maintenance margin.

How does your answer to a), b), c), d) and e) change if the broker offers you a financing fee of 5%? Discuss.

4) The current stock price of MSFT is $37.08. You expect the price of MSFT to drop below its current level one year from now. Based on your information, you have decided to short sell 1,500 shares of MSFT at an ask price of $37.08 per share. Your broker offers you a financing fee of 0% annual, your initial margin is 45% and your maintenance margin is 30%.

a) Compute the minimum amount of equity required to open the account and execute the transaction.

b) Moving against your expectations, one year from now, the price of MSFT increases to $42.00 per share. Compute the margin at this price level. Is there a margin call?

c) If the stock price is $42.00, compute the additional amount of equity required to restore the margin account to its maintenance level of 30%.

d) Right after the stock price reaches $42.00 and the margin account is restored to its maintenance level, the share price increases to $50.00. Is there a new margin call? Compute the additional amount of equity required to restore the margin account to its maintenance level if the stock price is now $50.00.

5) You are managing a $1,000,000 portfolio. Your boss would like to know how large your potential losses could be over the next month. Specifically, she wants to know the Value at Risk (VaR). You have monthly portfolio returns for the last 50 months, and you sort them in order from lowest to highest. The five lowest returns are shown below:

-52.3%

-50.8%

-48.6%

-44.3%

-40.9%

a) Assuming past returns are a reasonable estimate of potential future returns, what is the 2% VaR in dollars?

b) What are some of the potential risks of using historical (i.e., actual) returns to calculate VaR?

6) You have $20,000 to invest and you have decided to buy Tesla (TSLA) on margin. Your broker requires an initial margin of 60% and a maintenance margin of 40%. Currently, Tesla is trading for $160 per share.

a) Approximately how many shares can you buy in total?

b) Assuming you bought as many shares as you could in part (a), how far can the price fall before your broker issues a margin call?

7) You would like to make an equity investment in Ford (F). Currently, the stock is trading at $13.49, the bid is $13.47×100 and the ask is $13.50×150.

a) If you want to buy 100 shares, what price would you expect to pay?

b) If you want to sell 200 shares, would you expect the price to be higher, lower, or equal to $13.47?

Briefly explain.

c) Should the ask price typically be above or below the bid price? Briefly explain why.

JetBlue is relentlessly focused on making sure that every customer experience lives up to the company slogan, “Happy Jetting.” At JetBlue, customer well-being is ingrained in the culture. The discount airline has focused on providing niceties that are simply not the norm when it comes to commercial air travel. Things like more legroom, comfortable leather seats, gourmet snacks, LCD entertainment at every seat, and free e-mail onboard. These things are sure to delight customers. But JetBlue knows that these tangible amenities are easily replicated. That’s why JetBlue’s real competitive advantage is its culture. The goal is to provide exceptional customer service at every touch point. To accomplish this, JetBlue starts by hiring the right employees. Then, it trains them according to the company’s core values: safety, integrity, caring, passion, and fun. Loving customers breeds truly loyal customers who share the brand by word-of-mouth. Thus, customers are delighted far more by how they are treated by JetBlue’s Part 1: Defining Marketing and the Marketing Process employee’s than by what they get in a flight. As JetBlue and Southwest (the other low-fare airline known for excellent customer service) start to overlap on routes serviced, many are watching to see which will be victorious. In the end, the loser might just be “all other airlines.”

 

1. What kind of organism was used in this study? How appropriate were they for testing the influence of competition? Why do you think so?

2. What was the resource? How do the organisms differ in their use of the resource? How does the habitat gradient influence resource use?

3. What is the mechanism of competition? How did Connell quanitfy the mechanics of competition? Look at Table II and adjacent text.

4. What were the experimental treatments? Were they relevant to the questions he was asking? Why do you think so.

5. How good is the evidence that competition defines the pattern of zonation of these species? Do you think Connell conclusively demonstrated that competition was the most important factor? How about the alternative hypothesis that Chthamalus does not live on the low shore because it is not able to tolerate more submerged conditions?

6. Given that the species coexist, how do you reconcile the observation that competition is important in this system?

7. What about predation? Does Connell show good evidence that predation is not important? Look at Table VII.

8. Why do we care whether competition is important in some highly restrictive experimental situation? What is the relevance to the “real world?” Look at Connell’s discussion of zonation at the end of the paper and see if you agree or disagree with his comments.

1. Choose a topic which is relevant to operating theatre.

2.You will then formulate two answerable questions by using PICOT tool. The first question is an intervention question or diagnostic question or aetiology question or prognostic question, and the second question is a meaning question in relation to the topic(remember in PICOT format).

3.You need to demonstrate the process of how you have searched for and critically appraised research evidence, which is relevant to operating theatre.

4. You will also demonstrate how will you transfer this evidence into practice either to inform your decision-making or evaluate an aspect of health care delivery.

Specific Guidelines for EBP assignment:

Introduction:

Give a brief introduction to the chosen topic area. Explain your topic choice within the wider context of global healthcare such as government directives, political influences and global health concerns.

Main Body:

Formulate two answerable questions by using PICOT tool. The first question is an intervention, diagnostic, aetiology or prognostic question and the second question is a meaning question.

Search for empirical research that relates to the chosen topic area. Choose two pieces of research evidence which adopt different research methodologies e.g. one which is qualitative (phenomenology, ethnography, grounded theory, critical theory), one that is quantitative methodology (randomized control trial, survey, experimental design, cohort study) or one that is a review (systematic, critical). Try to choose relevant and contemporary pieces of research from a peer reviewed journal.

Explain your literature search strategy and how you chose your final two pieces of evidence.

Critically appraise each article using an appropriate critical appraisal framework choosing from the selection that you have been introduced to on the module (Evidence Based Practice). Carefully explain the strengths and weaknesses of each article discussing its relative applicability to your chosen area of professional practice.

Discussion:

Discuss how the findings of your chosen literature are relevant to your area of professional practice and how it may influence your area of work.

Discuss how this evidence may be transferred to practice area. Once again use the tools (PICOT, FAME & ARCC) to develop a personal action plan, which is included in the assignment about how you could transfer evidence to practice.

Conclusion:

Summarize your work and tell us what you have learnt from undertaking this module (EBP Evidence Based Practice)

Students should discuss and critically analyse the article in relation to the prescribed topic, demonstrating an understanding of the authors’ fundamental argument and its limitations and/or weaknesses. Students are encouraged to employ additional references to understand the prescribed topic and to form an informed view of the authors’ argument.

1. Do hedge funds enhance market efficiency? Do they enhance market stability?
2. Is the performance of hedge fund managers associated with market anomalies and managerial skills?
3. How can we improve hedge fund regulation in order to enhance market efficiency and stability?

Banks are forcing us towards a cashless economy–, and, really, what’s wrong with that? The banks are wining in their campaign to cut their costs by changing the way we handle money and pay our bills. They are keeping us out of their branches, killing off the cheques, moving us onto the internet, making money less tangible, and pushing us towards the cashless economy.
But their efforts to change our banking behaviour are assisted by a powerful factor: for all but the most set in their ways, the new ways of handling money are more convenient. On average, the big four banks charge $2.50a pop for a counter withdrawal (once you have exceeded the limit of free transactions). That’s up by $1.50 since 1995. The message is that if you need cash you should go to an automatic teller machine. There is nothing new about ATMs, but the number of them has increased by three quarters in the past five years. So ATMs now outnumber the branches by almost three to one.
Returning to bank’s tariff of monetary crimes, the next most sinful act is writing a cheque. The average charge for this is now $1 a pop. This has been hugely effective in discouraging the use of cheques. As recently as 1995, cheques accounted for more than 80 percent of the value of all non-cash payments, but now they’re down to less than 30 per cent.
So what’s taking their place? Well, value-wise, not plastic–debit and credit cards– you would expect. Rather, electronic ‘direct entries’. These now account for about 70 percent of the value of non-cash payments. Almost all of us now receive our wages in the form of direct credit to our bank accounts and all government welfare payments are made by direct credit rather than cheque. Direct debits occur when you authorise some outfit (for example, an insurance company or Telstra) to make regular payments to itself direct from your bank account.
The best way for you and me to reduce the cheques we write is to set up direct-debit arrangements for regular bills, or use B-pay to pay bills by telephone or internet banking. On average, telephone banking transactions costs you only 45 cents a pop, but internet transactions are cheapest of all: 25 cents. Do you see what’s happening with all this? There are two kinds of money: Currency—notes and coins—and mere numbers on bank statements. With employers paying us direct into our bank accounts and an increasing amount of our spending involving electronic payments from our accounts, money is becoming less tangible. Less cash in the hands means–more changing numbers on bank statements. The cashless economy is still a long way off, but don’t kid yourself—it’s definitely getting close.
Answer the following questions:
Question 1: What is money? What are the different forms of money mentioned in the article? Consider the properties desirable in anything that is used as money. Do the forms of money mentioned in the article have those properties?
Question 2: Explain the factors determining demand and supply for money and what effect does the demand and supply of money has on equilibrium in the money market?
Question 3: Cheques once accounted for more than 80 percent of the value of all non-cash payments, but now they are down to less than 30 percent. Can yon explain the reason for this trend?
Question 4: What are the motivations of holding money? Is the ‘cashless economy’ getting closer, as the author of the article states? Justify your answer.
Question 5: The heading declares “the banknote is dead”. Do you agree with this title? Explain why or why not and justify your answer with the amount of usage of cash versus other forms of payment.

Problem 1: Photic Zone
(State your chosen value of k.)

(Correctly round your answer to one decimal place, and show the intermediate steps in your work.)

(Hint: I/I_0 =0.01,so 0.01= e^(-0.062x); solve this equation for x. Correctly round your answer to one decimal place, and show the intermediate steps in your work.)

Problem 2: Compound Interest
If your last name begins with the letter Choose an investment amount, P, between Choose an interest rate, r, between
A–E $5,000–$5,700 9%–9.99%
F–I $5,800–$6,400 8%–8.99%
J–L $6,500–$7,100 7%–7.99%
M–O $7,200–$7,800 6%–6.99%
P–R $7,800–$8,500 5%–5.99%
S–T $8,600–$9,200 4%–4.99%
U–Z $9,300–$10,000 3%–3.99%

Correctly round your answers to the nearest whole penny (two decimal places), and show the intermediate steps in all these calculations for full credit.
Important: By Wednesday night at midnight, submit a Word document containing only your name and your chosen values from the table above for P and r. Submit this in the Unit 5 IP submissions area. This submitted Word document will be used to determine the Last Day of Attendance for government reporting purposes.

How much will you have in 8 years if the interest is compounded quarterly?

How much will you have in 15 years if the interest is compounded daily?

How much will you have in 12 years if the interest is compounded continuously? Use e≅2.718282.

Problem 3: Newton’s Law of Cooling
(Use e ≅2.718282; correctly round your final answer to two decimal places, and show the intermediate steps in your work.)

(State what you think k in this formula represents.)

(Correctly round your answer to two decimal places, and show the intermediate steps in your work.)

Problem 4: Health Care Expenditures
The following health care data represent health care expenditures for years after 2000 in the United States.
Actual Year Years After 2000 (x) Health Care Expenditures (in billions of dollars)
2004 4 311.3
2006 6 403.1
2007 7 431.4
2008 8 465.7
2009 9 502.3

E(x)= -9.5904+ 229.9582 ln⁡〖(x)〗.
(Correctly round your answer to one decimal place, which is tenths of billions of dollars, and show the intermediate steps in your work.)

(Correctly round your answer to one decimal place, and show the intermediate steps in your work.)

(Insert graph here; include explanations to the other questions asked.)

(State the types of transformations of the natural logarithmic function, f(x)=ln⁡〖(x)〗, that will result in the following function)
E(x)= -9.5904+ 229.9582 ln⁡〖(x)〗

Problem 5: Richter Scale

(Complete the table below. Correctly round your answer to one decimal place, and show the intermediate steps in each of the calculations.)

E x= E/E_0 M(x)≅0.6667 log⁡〖(x)〗
0.5 x 106 0.5 x 101.2
1.0 x 108 1.0 x 103.2
1.5 x 1010 1.5 x 105.2
2.5 x 1012 2.5 x 107.2
1.6 x 1017 1.6 x 1012.2

(Correctly round your answer to one decimal place, and show the intermediate steps in your work.) Hint: Replace M(x) by 9.2, and solve the logarithmic equation for x; then multiply x by 104.8 to get the value of E for this magnitude.

(State which intellipath Learning Nodes helped you with this assignment.)