The characteristic of a convertible bond The convertible bond is one kind of equity-linked bonds. The term of the bond entitles bondholder to convert bonds into shares of the company or another company in the same group‚ at an agreed-upon conversion price‚ among a fixed period. The reason why it is made in this form is that the issuer can benefit from four aspects as follow‚ (1) better terms. A convertible bond have a lower interest rate‚ less restrictive covenants or the subordination of bondholders’
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Is Convertible Debt a Substitute for Straight Debt or for Common Equity? Craig M. Lewis Owen Graduate School of Management Vanderbilt University Nashville‚ TN 37203 Richard J. Rogalski Amos Tuck School of Business Dartmouth College Hanover‚ NH 03755 James K. Seward Graduate School of Business University of Wisconsin-Madison Madison‚ WI 53706 August 1999 *The authors thank Kooyul Jung‚ Yong-Cheol Kim and Rene Stulz for providing their equity and debt security offer data set.
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Research Paper Louise Erdrich was born June 7‚ 1954. She was born first of seven children to Ralph and Rita Erdrich. Louise Erdrich attended school where her parents both taught at a boarding school run by the Bureau of Indian Affairs in North Dakota. After attending there‚ Erdrich attended college as part of the first class of women at Dartmouth College in 1972 earning her B.A. While attending college‚ Erdrich met her future husband Michael Dorris. Louise Erdrich married her husband in the
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Convertible Bonds A convertible bond is a bond that can be converted into shares of common stock. Therefore‚ these are two sources of value for this security: the value of the bond components‚ and the value from possibly converting the security into shares of common stock. Features of a Convertible Bond The basic features of a convertible bond can be illustrated by a hypothetical example. On November 1‚ 2003 ("today")‚ Apple‚ had $400 million in 8.80 percent (annual payments) convertible bonds due
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Tracks - Louise Erdrich In Louise Erdrich’s “Tracks”‚ I discovered by the second chapter that there are two narrators‚ Nanapush and Pauline. Having two narrators telling their stories alternately was at first very confusing. Traditionally‚ there is one narrator in the story‚ but Erdrich does an effective and spectacular job in combining Nanapush and Pauline’s stories. The central and main character is Fleur Pillager. She in fact is the protagonist of “Tracks”. Fleur is mentioned in every chapter
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In the yellow wallpaper‚ the narrator is the character that the readers feel sad for the most. The narrator is a young wife and mother whose physician husband‚ john claims that she is suffering from depression. He takes her to a rest cure treatment and locks her in a nursery with ’rings and things in the walls’ to ensure a good rest for her. Yet‚ she loses her sanity under the circumstances of John’s excess suppression and the distracting yellow wallpaper in the room. John completely holds the authority
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Unlike Nanapush and Fleur‚ Louise Erdrich uses the character of Pauline to demonstrate the rejection of Ojibwa religion and culture. Throughout the novel‚ Pauline is known as a liar and troublemaker who tries her best and hardest to single handedly destroy Ojibwa life‚ religion‚ and culture. For example‚ in the novel‚ Pauline had “bothered [her] father into sending [her] south‚ to the white town. [She] had decided to learn the lace-making trade from the nuns” (Erdrich‚ 14). Pauline is asking her dad
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Erdrich takes the approach of Native American magic in “Love Medicine” were as Marquez tries to incorporate more of a fairytale type magic. Magic was used as an accent rather than the base of the story. Erdrich makes his story more believable with the integration of magical elements. Marquez was unable to really make any part of the story seem feasible. Therefore‚ “Love Medicine” creates a story with understandable magic elements incorporated where “A Very Old Man with Enormous Wings” focuses more
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“The Leap” by Louise Erdrich is a short story about a woman named Anna‚ a now retired acrobat. Flying Avalons was the name of the heart stopping Acrobat team that Anna performed in with her late husband Harry. One sunny afternoon in June the couple was performing their breathtaking stunt‚ but the unpredictability of New Hampshire weather brought disaster with it. A mid-afternoon thunderstorm brought the fatality of Anna’s husband and unborn child after a stray lightning bolt hit the top of the carnival
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Australiana Essay There are many aspects of Australian culture that are represented in the text Red Dog by Louis de Bernieres. It is a humorous and loving non-fiction story that depicts the climate and natural splendour of Western Australia. Literary devices are used to make passages more decorative and elaborate. De Bernieres make use of colloquial expressions (Australian vernacular) which are a strong feature of Australia communication among ‘outback blokes’‚ while lovingly describing how Australian
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