Tuesday, May 26, 2020
AP World History Essay Samples Can Help Students Understand History
<h1>AP World History Essay Samples Can Help Students Understand History</h1><p>AP World History Essay tests can be of huge advantage for all understudies. The paper, created by the American Peabody Assoc., has been utilized in secondary school study halls and universities for more than ten years. The utilization of the AP World History Essay is regularly implanted into class conversations and the outcomes show that understudies learn unquestionably more by utilizing these items as a guide and not just perusing a text.</p><p></p><p>Students who are being encouraged the AP World History Essay test will likewise observe that their comprehension of this history originates from genuine data instead of retention. There are various devices that make it conceivable to exhibit the exercises remembered for the content. Understudies can utilize the composed worksheet to show signs of improvement handle of the occasions and how they came about.</p> <p></p><p>The test records can be valuable in two different ways. To start with, they can show understudies the manners by which the books were built and how they were examined. Second, they can exhibit that understudies comprehend the utilization of language and their understanding of explicit occasions and figures.</p><p></p><p>Many instructors utilize the AP World History Essay tests as a methods for helping understudies find how a masterpiece has been made. Regardless of whether it is from an oil painting or a model, specialists have a long history of changing crude materials into something delightful. For the instructor, it is an incredible method to motivate a class of understudies who are keen on the universe of art.</p><p></p><p>Art is regularly an impression of human life and its different features. By instructing understudies to take a gander at workmanship in an alternate manner, for example, by relating it to different societies, the learning procedure can turn out to be all the more intriguing and intelligent. It is not, at this point only about taking a gander at a masterpiece and deciding whether it is delightful or not.</p><p></p><p>One of the most compensating parts of learning through the AP World HistoryEssay is the point at which an understudy can increase new data and understanding from what they read. This new information can be reflected in their conduct and mentalities towards life. The apparatus can permit understudies to have a more profound comprehension of the world around them.</p><p></p><p>The utilization of history books can assist understudies with finding out about alternate points of view and the similitudes and contrasts between societies. It can likewise assist understudies with examining the world from an alternate perspective. It is not, at this point important to just concentrate on a solitary social perspecti ve.</p><p></p><p>All societies are unique and every one has a critical job in the life of society. Instructors can exploit AP World History Essay tests to get understudies to think outside about the container. The utilization of alternate points of view and thoughts regarding the past encourages understudies to extend their reasoning and understanding.</p>
Thursday, May 21, 2020
College Essay Uniqueness - How to Avoid It
<h1>College Essay Uniqueness - How to Avoid It</h1><p>Some understudies don't know about the school article uniqueness they may look in school. For other people, this is a typical event and they think that its difficult to concoct unique and one of a kind articles. In the event that you face this circumstance or consider it, this article may help you out.</p><p></p><p>One of the essential things you have to remember while composing expositions is your obsession. It could be anything, as long as it works out in a good way for your theme. You need to feel enthusiastic about what you compose, as without a consuming enthusiasm to compose, the papers will never turn out right.</p><p></p><p>Before you push forward, attempt to decide if your school article uniqueness originates from individual experience, suppositions, realities or assessments. After you decide the three variables, you ought to consistently attempt to consoli date these three distinct aspects into one in number, incredible and novel bit of essay.</p><p></p><p>Writing a careful and new point of view toward something is extremely troublesome. Numerous individuals wind up feeling depleted and debilitated subsequent to having composed such a large number of articles and having no clue about how to improve.</p><p></p><p>The last thing you have to do is to make sure that each and every word you use in your exposition is pertinent and has any weight. This would get you out a ton in guaranteeing that each expression of your exposition is alluring and speaking to read.</p><p></p><p>The third thing you ought to do is to invest more energy in investigating the ideas which make up the premise of your school paper uniqueness. This will assist you with getting the opportunity to comprehend the points better and assist you with thinking of a progressively lucid and wise contention in your paper. So simply investigate the subject and compose on the topic.</p><p></p><p>Finally, you need to go for a new look on the themes that you will talk about in your papers. Simply attempt to think of a thought regarding your theme and compose on the subject in a basic and significant way.</p>
Saturday, May 16, 2020
Net Present Value and Free Cash Flow Essay example
1. Given the proposed financing plan, describe your approach (qualitatively) to value AirThread. Should Ms. Zhang use WACC, APV or some combination thereof? Explain. (2 points) * From the statement of AirThread case, we know that American Cable Communication want to raise capital by Leveraged Buyout (LBO) approach. This means ACC will finance money though equity and debt to buy AirThread and pay the debt by the cash flows or assets of AirThread. * In another word, itââ¬â¢s a highly levered transaction using a fixed WACC discount rate; however the leverage is changing in fact. * If we want to use WACC method, one assumption must be met: this program will not change the debt-equity ratio of AirThread. Under LBO approach, itââ¬â¢sâ⬠¦show more contentâ⬠¦* Jennifer decided to use Biancoââ¬â¢s recommendation, a 5% equity market risk premium (=5%) * Interest rate had a 125bp spread over the current yield on 10-year US Treasury bonds (=4.25%). * By CAPM, we can get (8.3277% ). We can calculate the each of different companies and get the average value. Or we can use CAPM once from average =0.8155. These two results are equivalent. * We already know the new is the interest rate of debt (5.5%). We use the average industry level (40.1%) as ATCââ¬â¢s D/E ratio like discussed in case page 7. By, we can get the new (9.46%). * By, we can calculate the new WACC is 7.7%. Ms. Zhang should us the new WACC to the terminal value * She is considering the cash flow paid to all the equity or debt holders. So she cannot use the equity cost of capital. 3. Compute the unlevered free cash flow and the interest tax shields from 2008 to 2012 based on estimates provided in Exhibit 1 and Exhibit 6. (3 points) Unlevered Free Cash Flow Chart 2 Free cash flow is calculated as: EBITÃâ"1-t+Depreciationamp;Amortization Expense-Increase In NWC-Capital Expenditure * First, we calculate the Net Operating Profit after Tax, which is equals to EBITÃâ"1-t. * Second, we use the working capital assumptions to calculate the net working capital: The formulas are: Account Receivable=Total RevenueÃâ"41.67360 Days Sales Equip. Rev. =EquipmentÃâ"154.36360 Prepaid Expenses= (System OperatingShow MoreRelatedFin/370 Caledonia Products Essay examples786 Words à |à 4 Pagesorganization analysis will focus on free cash flows, projection of cash flows, projects initial outlay, cash flow diagram, net present value, internal rate of return, and if the project should be accepted. Why focus on project free cash flows Team B believes that Caledonia should focus on the projectââ¬â¢s free cash flows and not the accounting profits. Evidence exists that the accounting profits will be earned by the project because there is a positive cash flow to the shareholders. With any investmentRead MoreCaledonia Project939 Words à |à 4 Pagesfocus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? Caledonia should focus on cash flows, because free cash flows can be reinvested when received, unlike accounting profits which are shown when earned, and not at the time cash is received. The company should focus on incremental after-tax cash flows. This enables it to analyze the profits or losses after comparing cash flows with or without theRead MoreCaledonia Products Integrative Problem1529 Words à |à 7 Pagesinvolves both the calculation of the cash flows associated with a new investment and the evaluation of several mutually exclusive projects. The company is currently in the 34% tax bracket with a 15% discount rate because this project is considered a fad project it will only last five years then it will be terminated. This paper will focus on free cash flows, projection of cash flows during years 1-5, projects initial outlay, cash flow diagram, net present value, internal rate of return, and if theRead MoreAirthread Connections1019 Words à |à 5 PagesCapital) - When we are supposed to value AirThread Connections with the WACC valuation method we will have to use the following steps: * Determine the unlevered free cash flows of the investment. * Compute the weighted average cost of capital with the following formula: * Compute the value with leverage, VL, by discounting the free cash flows of the investment using the WACC. APV (Adjusted Present Value) ââ¬â This method involves determining the value of a levered investment using theRead MoreDiscounted Cash Flow (Dcf) Analysis1394 Words à |à 6 Pages***************************** Table of contents SECTION 1: OVERVIEW DCF in theory and in practice Unlevered vs. levered DCF SECTION 2: MODELING THE DCF Modeling unlevered free cash flows Discounting to reflect stub year and mid-year adjustment Terminal value using growth in perpetuity approach Terminal value using exit multiple approach Calculating net debt Shares outstanding using the treasury stock method Modeling the weighted average cost of capital (WACC) Sensitivity analysis using data tables Modeling synergies Read MoreOcean Carriers829 Words à |à 4 Pagesand Analysis We have carefully reviewed and analyzed the proposal for Ocean Carriers to lease a ship for a three-year period, beginning in early 2003. Our extensive analysis included considering the cash flows over the lifetime of this investment. We concluded that based on the expected future cash flows of this project the opportunity to take on the contract would not be advantageous for Ocean Carriers. We first considered the future expectations of the spot and daily hire rates. These rates areRead MoreCalaveras Vinesyard Case876 Words à |à 4 Pagesthe adjusted present value method to come up with the value of the company. With this method, I assume that the whole firm is financed only through equity. Therefore, when calculating the free cash flow, debt was not taken into account. Despite that, the net present value of interest shields is added back to compensate the debt in the capital structure. With this method, the company is valued at $9.62 million. In order to assess Calaverasââ¬â¢ value, I calculated the free cash flow from 1994 to 1998Read MoreCaledonia Products Integrative Problem1039 Words à |à 5 Pages Daneene Barton Caledonia Products is determining a new business proposal. The organization is planning a free cash flow investment and evaluating a project to determine the net present value of the business proposal. In the project financial analyst from Caledonia Products will consider the net value versus the internal rate of return. The research will determine if the organization will become profitable over the duration of five years. Research willRead MoreCapital Valuation Paper1634 Words à |à 7 Pagesmarket value is often different from book value because the market takes into account future growth potential.â⬠This paper will show 6 different valuation models showing the market price of Berkshire Hathaway Inc.ââ¬â¢s debt, if any, and equity. Along with the models this paper will show calculations to support these findings, including those involving rates of return. Finally, Team D will defend which valuation model best supports their findings. FCF Valuation Berkshire Hathawayââ¬â¢s free cash flow accordingRead MoreCaledonia Problem1126 Words à |à 5 PagesWhy should Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? It is important that Caledonia Company should focus on the free cash flows instead of the accounting profits. With the free cash flows that the company receives they can reinvest. To accurately analyze the timing of the benefit or cost we can examine the cash flows. The only cash flows that the company should be interested
Sunday, May 10, 2020
Benefits and Disadvantages of Essay Software
<h1>Benefits and Disadvantages of Essay Software</h1><p>Using a decent programming to help with your composing can be a major assistance in making and presenting your evaluation commendable paper. Before you get it, be that as it may, you ought to think about the advantages and disadvantages of each paper programming. Coming up next are the favorable circumstances and burdens of each.</p><p></p><p>The first thing you have to know is whether you are composing a paper on your preferred subject. On the off chance that it isn't, at that point an item that encourages you make paper surveys isn't the proper thing for you. In the event that you are accustomed to composing the exposition, at that point utilizing the product to assist you with composing papers, to get things on the money isn't essential. In any case, on the off chance that you have an ability to do as such, at that point a product to assist you with willing be valuable for the postula tion subject of your course.</p><p></p><p>Writing an appropriate article expects one to practice extraordinary consideration. It isn't sufficient to compose a prospectus commendable paper. You need to remember your perusers or audience members and pass in some capacity of subtlety. A program like this will assist you with doing that. Best of all, it will spare you the hour of composing your own essays.</p><p></p><p>Another favorable position of a program like this is you can make your article as customized as you need it to be. While most programming just utilizes questions and responds in due order regarding customizing exposition help, others likewise utilize the peruser remarks, the letter from the teacher, or some other extraordinary highlights. Those can be tweaked as well.</p><p></p><p>One disadvantage of a program like this is you may lose focuses in the event that you submit any sentence structure blunde rs. In this way, it is fitting to utilize an alternate program when making your own expositions. There are two different ways to manage this issue. In the first place, you can ask a companion or comparative with assistance you with it or second, you can utilize your own expertise in altering the articles to ensure that they are blunder free.</p><p></p><p>Another detriment of a program like this is you won't have the option to see the improvement of your expositions while you are thinking of them. In any case, numerous projects that offer assistance to review papers consequently refreshes the advancement of your papers. In this way, you can see the advancement yourself to ensure that you won't lose the points.</p><p></p><p>It is dependent upon you to choose which sort of paper help that you need. On the off chance that you need to make some customized article, at that point a program that utilizes peruser remarks and the letter from the educator would be beneficial for you. Something else, on the off chance that you need to utilize a program that can review your articles for you, at that point there are different projects available.</p>
Friday, May 8, 2020
Essay About Yourself - 5 Tips For Successful Essay Writing
Essay About Yourself - 5 Tips For Successful Essay WritingYou might think that writing an essay about myself is impossible, especially if you are feeling extremely insecure about your appearance. But don't be discouraged because the key to succeeding in essay writing is not hard to do. Writing an essay about yourself can be a lot of fun when you think about it and actually doing it. If you have a serious inner pain and just want to write an essay about yourself to ease the tension then here are some tips to get you started.The first tip is to take a deep breath. If you are in a really bad mood then just writing an essay about yourself won't solve your problem. Take a couple of deep breaths and sit down with a pen and paper. Don't worry too much about spelling and grammar, just write what comes to your mind.If you are stressed out and you cannot think of anything to write about then just think about the events that happened in your life. Maybe you have been rejected by a job and you t hink about the job you were considering. You don't need to make up stories about this job so just do it. List the good and the bad points and let your emotions out.Next, talk about what you want to achieve in your life. Don't try to be dramatic, just say something like, 'I want to be successful at my job'. Let your emotions out and talk about something that makes you happy.Then, write about what you want your life to be like. You might want to change career or change careers and you might want to do something else completely. Whatever it is that you want to achieve in your life, just talk about it and write about it.Lastly, write about what makes you feel good. If you want to eat a good meal and feel good about yourself then talk about how you can cook a nice meal for yourself.When you are ready to write an essay about yourself, it doesn't have to be difficult. All you need to do is write a few sentences and get it done. Just remember to take a deep breath and think about how you fe el and you will be able to write the essay that you have always wanted to write.
Wednesday, May 6, 2020
Understanding Contemporary Leisure Essay - 649 Words
Cultural, societal and technological movements in America defined leisure as we know it today. All facets of life including religion, education and government played a part in shaping modern leisure. Several events in particular played a major role: the philosophical views of ancient Greece, the shifts in religious beliefs during the Protestant Reformation, the major technological advancements of the Industrial Revolution, and the overall rapid growth of society during the early 1900s. Through these events, leisure played drastically different roles but its significance was apparent and we can still feel its influences today. To gain a better understanding of contemporary leisure, it helps to take a look at its origins during theâ⬠¦show more contentâ⬠¦In order to achieve this freedom, Aristotle believed man should be a balance of many facets of Greek life. The ideal man was a balanced artist, musician, soldier and philosopher. Education and time spent in these areas created a better citizen in Aristotleââ¬â¢s eyes. Although leisure was described as a state of contentment, Aristotle did classify music and contemplation as leisure activities. Music was a focal point of Greek culture and defined its citizens. Plato is noted as explaining that, whomever cannot hold his place in the chorus, is not really an educated man (De Grazia, 1962, p. 15). Similar to music, contemplation was a highly regarded activity in an educated man. Aristotle believed that happiness extended only so far as contemplation did (p. 18). Contemplation, happiness, and leisure were intertwined and created the holistic individua l and society the Greeks strived for. Based on this idea of balance, Aristotleââ¬â¢s teachings seem to relate to a more affluent audience. He tends to focus on the elite of society and the men that had the money and time to focus themselves on the different areas Aristotle claimed would profit their lives. His teachings may not have been applicable to the Greek working class. In contemporary society, individuals of all classes strive to reach the similar goals of freedom and happiness that Aristotle defined. Modern society strives to engage in activities that give them the most pleasure. However, theShow MoreRelated Margit Stangeââ¬â¢s Literary Criticism of Chopinââ¬â¢s The Awakening808 Words à |à 4 Pagesseries of meaningful connections between Kate Chopinââ¬â¢s dramatization of Edna Pontellierââ¬â¢s ââ¬Å"awakeningâ⬠and the historical context of feminist thought which Stange believes influenced the novel. Part of understanding Ednaââ¬â¢s motives and Chopinââ¬â¢s thinking are Stangeââ¬â ¢s well-chosen references to the contemporary ideology that shapes Ednaââ¬â¢s thinking and her choices. Stange argues that Edna is seeking the late-nineteenth-century conception of self-ownership, which pivots on ââ¬Å"voluntary motherhood.â⬠Ednaââ¬â¢s awakeningRead MoreThe Contemporary Hospitality Industry : Business And Hospitality Essay962 Words à |à 4 PagesUnit 1: The Contemporary Hospitality Industry Student: Oââ¬â¢Neil James Cohort: 2016 Program: Business and Hospitality Lecturer: Dane R. Dennis AC 1.3 Briefly identifies four international: Hospitality related Organization AND Professional Bodies. 1. Caribbean Hotel Tourism Association (CHTA) 2. United Nation World Tourism Organization (UNWTO) 3. World Travel Tourism Council (WTTC) 4. American Society of Association Executives (ASAE) Some of the Professional Bodies in the UK â⬠¢ British HospitalityRead MoreRelation Between Work And Leisure1176 Words à |à 5 Pages What Author Does?â⬠¯ The author discusses different direct and indirect issues and perspectives associated with work and leisure balance. For this purpose, the relation between work and leisure for the employees working in different organisations are assessed through the study of different surveys that have been conducted by researchers in the selected domain. The author has mainly used the secondary research technique for answering the research questions formulated for this study. The secondaryRead MoreMidterm 1 Study Guide- incomplete Essay897 Words à |à 4 Pagesanswers will synthesize thematic material we have discussed in lecture with specific details from both lecture and readings. Colonial Recreation and Leisure: How did changing Anglo-American attitudes about work, labor, and leisure in the 1600s and 1700s shape the recreational practices of colonial America? What does Nancy Struna mean by the ââ¬Å"leisure preference,â⬠and how does she believe it influenced attitudes about sport, recreation, and play in Anglo-America in the 1600s and 1700s? Be aware ofRead MoreLeisure : The Context Of Contemporary Leisure1370 Words à |à 6 PagesWhat is exactly is leisure? My one and only question when I decided to enroll in a class dedicated to leisure, recreation, parks, and tourism. According to Chapter one in the book Pastimes: The Context of Contemporary Leisure, leisure is an intricate and dynamic concept with different meanings depending on the context. My initial reaction to reading the books definition of leisure was one of confusion. Looking deeper into the course reading, I saw the author dive deeper into the very broad and unexplainedRead MoreSports As An Element Of Culture1498 Words à |à 6 Pagesplace of sports, it will be impossible to fully understand contemporary society (Jarvie 2006:2). Before the 1980s the body was treated as a biological entity this remained the status quo until the postmodern era the body was seen as cultural entity (Besnier and Brownell 2012). This has assisted in overcoming the challenges of the biological paradigm and generating a more complex understanding of the body in sports. Having an understanding that, sports serves as an institution and also as an elementRead MoreShould Work Perks Be An Essential Function Of The Contemporary Workplace?790 Words à |à 4 PagesMany employers consider work perks to be an essential function of the contemporary workplace (Eberhart, 2015). Ten years ago, Pew Research pointed to a growing discontent in terms of working conditions (Taylor, Funk, Craighill, 2006). Pew scholars suspected that America was going through a profound changes as ââ¬Å"the industrial-era model of secure jobs with good wages and benefits that predominated until roughly a generation ago gave way to a more cost-conscious and globally-competitive workplaceRead MoreInequality Young People with Disabilities Experience in Leisure Activities1724 Words à |à 7 Pagesregarded as a `necessary part of contemporary lifeâ⬠(Smith, Hughes, 1999, p. 124). Smith and Hughes discuss this quote in their study Disadvantaged families and the meaning of the holi day and discover, the importance families place on holidays. When examining leisure, a range of disciplinary approaches can be applied, and in this case psychology and sociology will be explored. More specifically psychology and how body image and cyber bullying can impact leisure participation, along with sociologyRead MoreThe Cultural Analysis Of Outdoor Leisure Essay1732 Words à |à 7 PagesAnalysis of Outdoor Leisure in the Select Field Cities 1. Introduction In the last chapter, the development of outdoor leisure practices in the selected cities is in tamed with the transformations of Chinese government economic strategies. With increasing disposable money, overall increased spare time compared with Maoist era, health conscious as well as the negative consequences caused by modernization in terms of high pressure of working condition with high trade-off leisure time, psychic tensionsRead MoreSports As An Element Of Culture1494 Words à |à 6 Pagesunderstand contemporary society without acknowledging the place of sports (Jarvie 2006:2). The body transformed from being a biological entity to a cultural body since the 1980s to help understand the complexities of the body in sports (Besnier and Brownell 2012). Sports is a generic term that has been defined differently to suit various situations. Having an understanding that, sports serves as an institution and also as an element of culture, is vital to informed participation in contemporary democratic
Tuesday, May 5, 2020
Financial Management Questions
Questions: 1. Explain what is meant by the term corporate governance. Recently, a scandal involving Volkswagen was revealed. Based on your knowledge of corporate finance, critically assess what has happened to the value of Volkswagen since the emissions scandal was uncovered. Why do you believe the value has changed and what impact this might have on the corporate governance policies of Volkswagen going forward? How can Volkswagen mitigate the risk of events such as this one occurring in the future? 2. If a bond with a face value of 1,000 and a coupon rate of 7% is currently selling for 1,046, what does that tell you about the current yield to maturity of the bond relative to the bonds coupon rate? Explain why this is the case. Answers: (1). Corporate Governance Corporate governance refers to set of rules, regulations and policies through which the company operated and controlled. It makes sure accountability and transparency by the management of the company with an objective to increase the value of company. It includes action plans, internal controls, and corporate disclosure. It also maintains transparency in operations of a company. Volkswagen (VW) emissions scandal The scandal is related to cheating in emissions tests by VW in the United States (US). In September 2015, Environmental Protection Agency (EPA) discovered that diesel cars being sold by VW in US had device or software which is triggered when the cars are tested and it changes the performance of such cars to satisfy the US emission laws and the engines in these cars emitted nitrogen oxide up to 40 times above than the allowed limit. The event that led to exposing the above scandal is the on-road testing in May 2014 conducted by California Air Resources Board by researchers at West Virginia University. The researchers found that some VW cars emitted almost 40 times the allowed nitrogen oxides when tested on road. Impact on value of Volkswagen since the emissions scandal was uncovered Due to the above scandal following impact was observed on VW VW decided to recall millions of cars across countries Resulted first quarterly loss for 15 years of operations by VW in late October 2015. EPA can also fine the company for $37,500 as maximum for each vehicle that breaches the emission norms which can lead to a maximum fine of $18bn approximately. Chief executive as well as the head of its American operations resigned from their posts and VW also suspended several high-ranked executives. VW stock price took a toll and registered quiet sharp fall in its share prices which led to fall in the market value of the company. VW posted close to $6.2bn loss in 2015 mainly due to above scandal and its associated costs. Impact on corporate governance policies of Volkswagen in future Till the scandal, VW board had a non-independent majority which questions its board integrity and differential voting rights. It was due to its internal guideline which required that half of the directors be employee elected. VW also had large family holdings which compounded the effect of non-independent board. The said scandal may lead to the following impact on corporate governance policies of Volkswagen in future VW may adopt the policy of having more number of independent directors from technical fields which will play a pivotal role in companys operational guidelines. Its internal guideline which required that half of the directors be employee elected may be abolished. VW may adopt more transparent communication methods between management and its stakeholders with regard to its policies regarding various norms by the government of the country in which it is operating and its product offering in those countries. It may also lead to more refined policies with regard to risk management in the company and also with regard to its marketing policies. How can Volkswagen mitigate the risk of events such as this one occurring in the future? To avoid the risk of above much event occurring again in future, VK may adopt following policies in its operations Establish stringent internal control systems which flag the issues and its associated risks in advance. Adopt such marketing policies which are not manipulative or misleading to the potential customers. Delink executive pay from revenues/profits only basis and link it to other performance factors. Create ethical culture and environment in the company between its employees and management. (2). Face Value: 1,000 Coupon Rate: 7% Current Price: 1,046 Yield to maturity (YTM) is the return that the bondholders will earn if the bond is held till its maturity and is based on the coupon rate current price of the bond. In other words YTM is that discount rate at which future payments from bond equals to the current price of the bond. Thus, higher YTM as compared to its coupon rate leads to lower current price and vice versa. (Investopedia) In the given question, Current price of the bond is higher as compared to its face value which signifies that YTM for the bond is lower than the Coupon rate offered on the bond which can be understood as the expectation of the market is of lower interest rates on the specific bond while it is offering a higher coupon rate than expected and thus it is commanding a higher price in the market. References Capital Investment, Capital Investment Appraisal / Appraisal Techniques, viewed on 26 May 2016, Drake, P., Capital budgeting techniques, viewed on 26 May 2016, Finance formulas, Yield to Maturity, viewed on 26 May 2016, Gates, G., Ewing, J., Russell, K. and Watkins, D., Explaining Volkswagens Emissions Scandal, The New York Times, viewed on 26 May 2016, Hotten, R., Volkswagen: The scandal explained, BBC News, viewed on 26 May 2016.
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