mid-range cars up to the most prestigious and luxurious. The present models are: BMW 3 Series - Saloon, Coupe, Convertible, Touring, Compact ----------------------------------------------------------- BMW 5 Series - Saloon, Touring BMW 7 Series – Saloon BMW Z3 - Roadster BMW Z4 - Roadster BMW Z8 - Roadster BMW X5 - 4WD BMW M - M5, M3 Coupe, M3 Convertible, M Roadster, M Coupe Mini Cooper - an independent brand within the BMW Group[2] 1.5 Price BMW price ranges
Transformation in Louise Erdrich's The Red Convertible In Louise Erdrich's "The Red Convertible," the two main characters start off doing seemingly well. However, there are many changes that these two young men go through during the story. Henry experiences the largest transformation due to his involvement in the Vietnam War. This transformation also alters Henry's brother, Lyman, although not for the same reasons. As the story progresses, and these certain events take place, the brothers'
The Corvette From Beginning To Future The corvette was first introduced in January 1953. To experiment with the car, they only made 300 cars, which were all made by hand and powered by a 235-cubic-inch 6-cylinder engine. The corvette was designed to show the world that General Motors could make a sports car that was a stylish two seater. All 1953 corvettes were polo white with red interiors. The engine of the car generated 150 horsepower and had a 2-speed power glide automatic transmission. Researchers
This articulation of sibling influence can be understood by examining the short stories “The Red Convertible” by Louise Erdrich and “Sonny’s Blues” by James Baldwin, both accounts of brotherly experience shown through separation and drug abuse. Both “The Red Convertible” and “Sonny’s Blues” revolve around brotherly connection. In “The Red Convertible,” the main speaker Lyman uses his red convertible, one he shares with his brother, as an analogy to their relationship. While reminiscing about his
think that during the hot summer, when you are out in the sun, it is nice to get a little damp and cool off. Driving convertibles is also good in the summer if you have the top down, so you get a chilled breeze through your hair. And since I like those things you would think that being a little damp would help someone stay cool and having fun in the sun while driving your convertible. But I found out that people don’t appreciate you helping them stay cool and moisturized while they are driving in the
& Deceptions: Life before and after Vietnam for Henry Have you ever wanted to take the summer off from work and escape from reality in order to travel around the world without having any worries? Well this is what Henry and Lyman in the “Red Convertible” by Louise Erdrich decided to do one summer. Henry and Lyman are two brothers who grew up on the Indian reservation. They perceive life on the reservation as an ongoing circle with a harmonious atmosphere. During their trip to Montana and Alaska
named (2002), Assessing a Firm's Future Financial Health, Harvard Business School Publishing. Stein, J. (1992). Convertible Bonds As Backdoor Equity Financing. Retrieved on June 12, 2006, from the World Wide Web at: http://www.financeprofessor.com/summaries/Stein1992ConvBond%20paper.htm. Jen, F, Choi, D, and Lee, S. (1997). Some Evidence on Why Companies Use Convertible Bonds. Journal of Applied Corporate Finance. Retrieved on June 12, 2006 from the World Wide Web at: http://www.blackwell-synergy
High Yield-Bonds A bond is debt to whoever sells the bond to an inventor. If you buy an IBM bond, you are loaning money ($1000) to IBM instead of a bank loaning money to them. Just like a bank, you are going to charge IBM interest on your money, as well as a return of principle when the loan is due (ten years later). The company does not go to the bank to borrow the money, because the bank will rate the company as a high risk company. Hence, banks are really tight with their money. High yields
Zero coupon bonds, more commonly known as “strips” or “zeros”, are fixed income securities that unlike other bonds, pay no interest until maturity. This means that instead of paying semi-annual interest like other bonds, the interest is compounded throughout the life of the bond and is paid in full upon maturity. Zero coupon bonds are ideal long-term investments for people who have a specific situation, which calls for a specific amount of money to be acquired at a future date, mainly ten to twenty
also borrow directly from the market by issuing bonds. So, let 's take a look at what bonds are and some of their main features and characteristics. At its simplest, a bond is a financial instrument, issued by the firm the represents its intentions to borrow for the long term and its promise to repay. This is certainly not a new type of instrument; they have been around for a very long time. Let 's take a look at an early example. Here is a bond that was issued in 1623 by the Dutch East India
The intent of this paper is to define what bonds are as a vehicle for investors including a detailed explanation of the basic terms associated with bonds, the different types of bonds available in the markets, bond ratings, and why investors might want to consider bond investing to have a more diversified portfolio. Finally, the paper will discuss the relationship between bonds and interest rates in determining bond valuations. Following the discussion there will be a brief summary of the main points
possession of the holder. The most common types of securities are stocks and bonds, of which there are many particular kinds designed to meet specialized needs. This article deals mainly with the buying and selling of securities issued by private corporations. (The securities issued by governments are discussed in the article government economic policy.) Types of corporate securities Corporations create two kinds of securities: bonds, representing debt, and stocks, representing ownership or equity interest
You have been asked to write a training document about the US Bond Market for use in the new employee-training program. In your document, you must make sure to address each of the following: 1a: The key players in the market; and the types of investments available to both individual investors and institutional investors, Bond Characteristics A bond is a "security" which gives the holder a financial claim on the issuer. This claim protects the holder in circumstances in which the issuer is
as numerous types of financial assets. Common types of financial assets can be categorized into bonds, shares, loans, and derivative financial instruments. Each financial instrument comes with its own risks and gains along with standard risks for all financial instruments. Each financial instrument has its pros and cons for supporting each SME. The first type of financial instrument is the bond. A bond is “an acknowledgement of debt by the issuer; it represents a fraction of a loan issued by an issuer
You do not have a high return with this but the risk is lower than that of an ownership. A bond would fall into this category. A bond varies from a variety of CD’s from a bank or Treasuries and international debt issues. You would purchase a bond through a company. If this company falls bankrupt, you usually still get the money owed to you. Another example would be a money market fund. This has minimal risk but also
Disintermediation refers to: (1) the investing of funds that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital, withdrawal of funds from financial
£25,200 million in 1997. The London Stock Exchange is the largest market in the world for trading foreign equities, accounting for 63 per cent of global turnover. London is one of the world’s three major international bond centres. Some 70 per cent of international bond trading in the Euromarket take place there. It has by far the biggest foreign exchange market in the world, handling about 32 per cent of worldwide dealing, and with an average daily turnover, which is more than that of New
Citicorp Case Analysis 1. What is the difference between primary and secondary capital. How is relevant to this case? Primary capital consists of common stock, perpetual preferred stock, surplus, undivided profits, mandatory convertible instruments (debt that must be convertible into stock or repaid with proceeds from the sale of equity), reserves from loan losses, and other capital reserves. These items are treated as permanent forms of capital because they are not subject to redemption or retirement
Corporate bonds are issued by companies to raise more capital. That money is used to reinvest in their operations, to buy other companies or even pay off older, more expensive loans. The alternative for companies is to engage in an Initial Public Offering and raise equity by selling stocks. This is a long and an expensive procedure. Selling bonds provides a quicker way to raise capital for corporate expansion even though it’s a bit complicated. You can buy corporate bonds individually or through
Q1. Using the Mabati Rolling Mills Case Study, explain the various sources of funds as discussed by the management of Mabati Rolling Mills. Give the advantage and disadvantage of each source. Issue Commercial Papers – It is identified in (Short Term Finance:Commercial Paper, 2008) that a commercial paper is simply unsecured short-term debt instrument issued by an organization for meeting short-term liabilities. An advantage of issuing commercial papers is that only companies with high credit ratings