Discuss the emergence of realism in theatre

Theatre and Performance Lecturer: Ms Marcelle Theuma First term Discuss the emergence of realism in theatre at the turn of the 20th century and how you think it influenced playwrights like Anton Chekhov, Henrik Ibsen, August Strindberg and George Bernard Shaw. Miriana Borg Second year Group: 2A Realism in the theatre was a general movement in the later 19th century that steered theatrical texts and performances toward greater fidelity to real life.The realist dramatists Henrik Ibsen and August Strindberg in Scandinavia and Anton Chekhov in Russia, and George Bernard Shaw, rejected the complex and artificial lotting of the well-made play and instead treated themes and conflicts belonging to a real, contemporary society. Henrik Ibsen was born in Norway in 1828. His mature work may be read as an effort to come to terms with reality, the reality of his early life and the reality of society as a whole. Ibsen is perhaps best known for eight plays he wrote in Italy and Germany. By separatin g himself physically from his homeland, he gained the freedom and perspective to criticize it.Ibsen embarked on a series of realistic prose plays exposing contemporary problems in contemporary Norwegian settings. Concentrating directly on Norwegian society, he addressed universal concerns, for the social problems that provide the context for these plays were instantly recognizable to audiences. Among them the question of women's rights in ‘A Doll House' (1879), hereditary syphilis in ‘Ghosts' (1881), and municipal corruption in ‘An Enemy of the People' (1882). Ibsen's realistic plays take place in three-dimensional rooms, rather than against tlat painted or architectural backdrops.Strindberg, and Chekhov each found a different dramatic model potential in the realistic mode evolved by Ibsen. Of the three, the Irish-born George Bernard Shaw (1856-1950) most fully acknowledged his debt to Ibsen. Shaw believed that Ibsen fundamentally had transformed the theatrical for mula drawn from the French Boulevard plays by incorporating a new intellectual vigor in them. George Bernard Shaw was born in 1856 and he was know for his witty humor. He made fun of societes notion using for the purpose of educating and changing. His plays tended to show the accepted attitude, then demolished attitude while showing his own solutions.Some of his works include ‘Arms and the Man' (1894) which is about love nd war and honor and ‘Pygmalion' (1913) which shows the transforming of a flower girl into a society woman, and exposes the phoniness of society. Chekhov is known more for poetic expiration and symbolism, compelling psychological reality, people trapped in social situations, hope in hopeless situations. He claimed that he wrote comedies; others think they are sad and tragic. Characters in ChekhoVs plays seem to have a fate that is a direct result of what they are. His plays have an illusion of plotlessness.

Capital Structure in a Perfect Market

MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. Chapter 14: Capital Structure in a Perfect Market 14-5. Suppose Alpha Industries and Omega Technologies have identical assets that generate identical cash flows. Alpha Industries is an all-equity firm, with 10 million shares outstanding that trade for a price of$22 per share. Omega Technologies has 20 million shares outstanding as well as debt of $60 million. 14-5-a.According to MM Proposition I, what is the stock price for Omega Technologies? V(alpha) = 10 x 22 = 220m = V(omega) = D + E E = 220 – 60 = 160m p = $8 per share. 14-5-b. Suppose Omega Technologies stock currently trades for $11 per share. What arbitrage opportunity is available? What assumptions are necessary to exploit this opportunity? Omega is overpriced. Sell 20 Omega, Buy 10 alpha and borrow 60. Initial = 220 – 220 + 60 = 60. Assumes we can trade shares at current prices & Assumes we can borrow at same terms as Omega (or own Omega debt and can sell at same price). 4-6. Cisoft is a highly profitable technology firm that currently has $5 billion in cash. The firm has decided to use this cash to repurchase shares from investors, and it has already announced these plans to investors. Currently, Cisoft is an all equity firm with 5 billion shares outstanding. These shares currently trade for $12 per share. Cisoft has issued no other securities except for stock options to its employees. The current market value of these options is $8 billion. 14-6-a. What is the value of Cisoft’s non-cash assets?Assets = cash + non-cash, Liabilities = equity + options. non-cash assets = equity + options – cash = 12 ? 5 + 8 – 5 = 63 billion 14-6-b. With perfect capital markets, what is the market value of Cisoft’s equity after share repurchase? What is the value per share? Equity = 60 – 5 = 55. Repurchase 5b / 12 = 0. 417b shares = 55 / 4. 583 = $12 4. 583 b shares remain Per share value MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 4-8. Explain what is wrong with the following argument: â€Å"If a firm issues debt that is risk free, because there is no possibility of default, the risk of the firm’s equity does not change. Therefore, risk-free debt allows the firm to get the benefit of a low cost of capital of debt without raising its cost of capital of equity. † Any leverage raises the equity cost of capital. In fact, risk-free leverage raises it the most (because it does not share any of t he risk). 14-12. Hubbard Industries is an all-equity firm whose shares have an expected return of 10%.Hubbard does a leveraged recapitalization, issuing debt and repurchasing stock, until its debt=equity ratio is 0. 60. Due to the increased risk, shareholders now expect a return of 13%. Assuming there are no taxes and Hubbard’s debt is risk free, what is the interest rate on the debt? wacc = ru = 10% = 1 0. 6 x ? 1. 6(10) ? 13 = 3 = 0. 6 x ? x = 5% 13% + 1. 6 1. 6 14-17. Zelnor, Inc. , is an all-equity firm with 100 million shares outstanding currently trading for $8. 50 per share. Suppose Zelnor decides to grant a total of 10 million new shares to employees as part of a new compensation plan.The firm argues that this new compensation plan will motivate employees and is a better strategy that giving salary bonuses because it will not cost the firm anything. a. If the new compensation plan has no effect on the value of Zelnor’s assets, what will the share price of the n ew stock be once this plan is implemented? Assets = 850m. New shares = 110 ? price = 850 = $7. 73 110 b. What is the cost of the plan for Zelnor’s investors? Why is issuing equity costly in this case? Cost = 100(8. 50 ? 7. 73) = 77m = 10(7. 73) Issuing equity at below market price is costly. MBA  509  Recommended  Chapter  QuestionsThese  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. Chapter 15: Debt and Taxes 15-1. Pelamed Pharmaceuticals has EBIT of $325 million in 2006. In addition, Pelamed has interest expenses of $125 million and a corporate tax rate of 40%. a. What is Pelamed’s 2006 net income? Net Income = EBIT – Interest – Taxes = (325 – 125) x (1-0. 40) – $120 million b. What is the total of Pelamed’s 2006 net income and int erest payment? Net Income + Interest = 120 = 125 = $245 million c.If Pelamed had no interest expenses, what would its 2006 net income be? How does it compare to your answer in part (b)? NetIncome = EBIT ? Taxes = 325 ? (1 ? 0. 40) = $195 million This is 245 ? 195 = $50 million lower than part (b). d. What is the amount of Pelamed’sinterest tax shield in 2006? Interest tax shield = 125 ? 40% = $50 million MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 15-3. Suppose the corporate tax rate is 40%.Consider a firm that earns$1000 before interest and taxes each year with no risk. The firm’s capital expenditures equals its deprecation expenses each year, and it will have no change to its net working capital. The risk-free inter est rate is 5%. a. Suppose the firm has no debt and pays out its net income as a dividend each year. What is the value of the firm’s equity? NetIncome = 1000 ? (1 ? 40%) = $600. Thus, equity holders receive dividends of $600 per year with no risk. 600 E= = $12, 000 5% b. Suppose instead the firm makes interest payments of $500 per year. What is the value of equity?What is the value of debt? 300 = $6000 5% Debt holders receive interest of $500 per year ? D – $10,000 NetIncome ? (1000 ? 500) ? (1 ? 0. 40) = $300 ? E c. What is the difference between the total value of the firm with leverage and without leverage? With Leverage = 6,000 + 10,000 = $16,000 Without Levergae = $12,000 Difference = 16,000 – 12,000 = $4000 d. The difference in part  © is equal to what percentage of the value of the debt? 4, 000 = 40% = corporate tax rate 10, 000 MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  coveri ng  on  the  final  exam.Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 15-6. Arnell Industries has $10 million in debt outstanding. The firm will pay interest only on this debt. Arnell’s marginal tax rate is expected to be 35% for the foreseeable future. a. Suppose Arnell pays interest of 6% per year on its debt. What is the annual interest tax shield? Interest tax sheild = $10 ? 6% ? 35% = $0. 21 million b. What is the present value of the interest tax shield, assuming its risk is the same as the loan? PV(Interest tax sheild) = $0. 21 = $3. 5 million 0. 06 c.Suppose instead that the interest rate on the debt is 5%. What is the present value of the interest tax shield in this case? Interest tax sheild = $10 ? 5% ? 35% = $0. 175 million $0. 175 = $3. 5 million PV = 0. 05 15-8. Rumolt Motors has 30 million shares outstanding with a price of $15 per share. In addition, Rumolt ha s issued bonds with a total current market value of 4150 MILLION. Suppose Rumolt’s equity cost of capital is 10%, and its debt cost of capital is 5%. a. What is Rumolt’s pretax weighted cost of capital? E = $15 ? 30 = $450m D = $150m Pretax WACC = 450 150 10% + 5% = 8. 75% 600 600 b.If Rumolt’s corporate rate is 35%, what is its after-tax weighted cost of capital? WACC = 450 150 10% = 5%(1 ? 35%) = 8. 3125% 600 600 MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 15-12. Milton Industries expects free cash flow of $5 million each year. Milton’s corporate tax rate is 35%, and its unlevered cost of capital is 15%. The firm also has outstanding debt of $19. 05 million, and it expects to maintain this level of deb t permanently. a.What is the value of Milton Industries without leverage? VU = 5 = $33. 33 million 0. 15 b. What is the value of Milton Industries with leverage? V L = V U + ? c D = 33. 33 + 0. 35 ? 19. 50 = $40 million 15-13. Kurz Manufacturing is currently an all-equity firm with 20 million shares outstanding and a stock price of $7. 50 per share. Although investors currently expect Kurz to remain an all-equity firm, Kurz plans to announce that it will borrow $50 million and use the funds to repurchase shares. Kurz will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt.Kurz is subject to a 40% corporate tax rate. a. What is the market value of Kurz’s existing assets before the announcement? Assets = Equity = $7. 50 ? 20 = $150 million b. What is the market value of Kurz’s assets (including the tax shield) just after the debt is issued, but before the shares are repurchased? Assests = 150 (existing) + 50 (cash) + 40 % ? 50 (tax sheild) = $220 million c. What is Kurz’s share price just before the share repurchase? How many Shres will Kurz repurchase? E = Assets ? Debt = 220 ? 50 = $170 million $170m = $8. 50 Share Price = 20 50 = 5. 882 million shares Kurz will repurchase 8. 50 d.What are Kurz’s market value balance sheet and share price after the share repurchase? Assets ? 150(existing ) + 40% ? 50(taxsheild ) = $170 million Debt = $50 million E = A ? D = 170 ? 50 ? $120 million $120 = $8. 50 / share Share price = 20 ? 5. 882 MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 15-15. Suppose the corporate tax rate is 40%, and investors pay a tax rate of 15% on income from dividends or capital gains and a tax rate of 33. 3% on interest in come.Your firm decides to add debt so it will pay an additional $15 million in interest each year. It will pay this interest expense by cutting its dividend. a. How much will debt holders receive after paying taxes on the interest they earn? $15 ? (1 ? 0. 333) = $10 million each year b. By how much will the firm need to cut its dividend each year to pay this interest expense? Given a corporate tax rate of 40%, an interest expense of $15 million per year reduces net income by 15(1-0. 4)=$9 million after corporate taxes. c. By how much will this cut in the dividend reduce equity holders’ annual after-tax income? $9 million dividend cut ? 9 ? (1 ? 0,15) ? $7. 65 million per year d. How much less will the government receive in total tax revenues each year? Interest atxes = 0. 333 ? 15 = $5 million Less corporate taxes = 0. 40 ? 15 = $6 million Less dividend taxes = 0. 15 ? 9 = $1. 35 million [note: this equals (a) – (c)] e. What is the effective tax advantage of debt ? * ? (1 ? 0. 40)(1 ? 0. 15) ? * = 1? = 23. 5% 1 ? 0. 333 15-16. Markum Enterprises is considering permanently adding $100 million of debt to its capital structure. Markum’s corporate tax rate is 35%. a. Absent personal taxes, what is the value of the interest tax shield from the new debt?PV = ? c D = 35% ? 100 = $35 million b. If investors pay a tax rate of 40% on interest income, and a tax rate of 20% on income from dividends and capital gains, what is the value of the interest tax shield from new debt? ? * = 1? (1 ? 0. 35)(1 ? 0. 20) = 13. 33% 1 ? 0. 40 PV = ? C D = 13. 33% ? 100 = $13. 33 million MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 15-19. With its current leverage, Impi Corporation will have net income next year of $4 . million. If Impi’s corporate tax rate is 35% and it pays 8% interest on its debt, how much additional debt can Impi issue this year and still receive the benefit of the interest tax shield next year? Net income of $4. 5 million ? 4. 5 = $6. 923 million in taxable income. Therefore, Arundel can increase its interest expense by $6. 923 million, which corresponds to debt of: 6. 923 = $86. 5 million 0. 08 MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam.Chapter 16: Financial Distress, Managerial Incentives and Information 16-2. Baruk Industries has no cash and a debt obligation of $36 millionthat is now due. The market value of Baruk’s assets is $81 million, and the firm has no liabilities. Assume a perfect capital market. a. Suppose Baruk has 10 million shares outstanding. What is Baruk’s current share price? 81 ? 36 = $4. 5 / share 10 b. How many new shares must Baruk issue to raise the capital needed to pay its debt obligation? 36 = 8 million shares 4. 5 c. After repaying the debt, what will Baruk’s share price be? 81 = $4. 5 / share 18 16-3.When a firm defaults on its debt, debt holders often receive less than 50% of the amount they are owed. Is the difference between the amount debt holders are owed and the amount they receive a cost of bankruptcy? No. Some of these losses are due to declines in the value of the assets that would have occurred whether or not the firm defaulted. Only the incremental losses that arise from the bankruptcy process are bankruptcy costs. 16-4. Which type of firm is more likely to experience a loss of customers in the event of financial distress: a. Campbell Soup Company or Intuit, Inc.? Intuit Inc. its customers will care about their ability to receive upgr ades to their software. b. Allstate Corporation or Reebok International? Allstate Corporation – its customers rely on the firm being able to pay future claims. MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 16-5. Which type of assets is more likely to be liquidated for close to its full market value in the event of financial distress? a. An office building or a brand name?Office building—there are many alternate users who would be likely to value the property similarly. b. Product inventory or raw materials? Raw materials—they are easier to reuse. c. Patent right of engineering â€Å"know-how†? Patent rights—they would be easier to sell to another firm. 16-9. Marpor Industries has no debt and expects to generate free cash flows of $16 million each year. Marpor believes that if it permanently increases its level of debt to $40 million, the risk of financial distress may cause it to lose some customers and receive less favorable terms from its suppliers.As a result, Marpor’s free cash flows with debt will be only $15 million per year. Suppose Marpor’s tax rate is 35%, the risk-free rate is 5%, the expected return of the market is 15%, and the beta of Marpor’s free cash flows is 1. 1. (with or without leverage). a. Estimate Marpor’s value without leverage r = 5% + 1. 1? (15% ? 5%) = 16% 16 V= = $100 million 0. 16 b. Estimate Marpor’s value with the new leverage. r = 5% + 1. 1? (15% ? 5%) = 16% 15 V= + 0. 35 ? 40 = $107. 75 million 0. 16 MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam.Understand  the  answers  to  these  questio ns  and  should  not  be  surprised  by  anything  on  the  exam. 16-10. Real Estate Purchases are often financed with at least 80% debt. Most corporations, however, have less that 50% debt financing. Provide an explanation for this difference using the trade-off theory. According to tradeoff theory, tax shield adds value while financial distress costs reduce a firm’s value. The financial distress costs for a real estate investment are likely to be low, because the property can generally be easily resold for its full market value.In contrast, corporations generally face much higher costs of financial distress. As a result, corporations choose to have lower leverage. 16-11. Dynron Corporation’s primary business is natural gas transportation using its vast gas pipeline network. Dynron’s assets currently have a market value of $150 million. The firm is exploring the possibility of raising $50 million by selling part of its pipeline network and i nvesting the $50 million in a fiber-optic network to generate revenues by selling high-speed network bandwidth.While this new investment is expected to increase profits, it will also substantially increase Dynron’s risk. If Dynron is levered, would this investment be more or less attractive to equity holders than if Dynron had no debt? If Dynron has no debt or if in all scenarios Dynron can pay the debt in full, equity holders will only consider the project’s NPV in making the decision. If Dynron is heavily leveraged, equity holders will also gain from the increased risk of the new investment. 16-18. Which of the following industries have low optimal debt levels according to the tradeoff theory? Which have high optimal levels of debt? a.Tobacco firms high optimal debt level—high free cash flow, low growth opportunities Accounting firms low optimal debt level—high distress costs Mature restaurant chains high optimal debt level—stable cash flows, low growth, low distress costs Lumber companies high optimal debt level—stable cash flows, low growth, low distress costs Cell phone manufacturers low optimal debt level—high growth opportunities, high distress costs b. c. d. e. MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. 6-19. According to the managerial entrenchment theory, managers choose capital structures so as to preserve their control of the firm. On the one hand, debt is costly for managers because they risk losing control in the event of default. On the other hand, if they do not take advantage of the tax shield provided by debt, they risk losing control through a hostile takeover. Suppose a firm expects to generate free cash flows of $90 million per year, and t he discount rate for these cash flows is 10%. The firm pays a tax rate of 40%. A raider is poised to take over the firm and finance it with $750 Million in permanent debt.The raider will generate the same free cash flows, and the takeover attempt will be successful if the raider can offer a premium of 20% over the current value of the firm. What level of permanent debt will the firm choose, according to the managerial entrenchment hypothesis? 90 = $900 0. 10 Levered Value w/ Raider = 900 + 40%(750) = $1. 2 billion To prevent successful raid,l current managment must have a levered value of at least $1. 2 billion = $1 billion 1. 20 Thus, the minimum tax sheild is $1 billion – 900 million = $100 million, 100 which requires = $250 million in debt 0. 40 Unlevered Value = MBA  509  Recommended  Chapter  QuestionsThese  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questio ns  and  should  not  be  surprised  by  anything  on  the  exam. Chapter 17: Payout Policy 17-6. The HNH Corporation will pay a constant dividend of $2 per share, per year, in perpetuity. Assume all investors pay a 20% tax on dividends and that there is no capital gains tax. The cost of capital for investing in HNH stock is 12%. a. What is the price of a share of HNH stock? P=$1. 60/0. 12=$13. 33 b. Assume that management make a surprise announcement that HNH will no longer pay dividends but will use the cash to repurchase stocks instead.What is the price of a share of HNH stock now? P=$2/0. 12=$16. 67 17-7. What was the effective dividend tax rate for a U. S. investor in the highest tax bracket who planned to hold a stock for one year in 1981? How did the effective dividend tax rate change in 1982 when the Reagan tax cuts took effect? (Ignore State taxes. ) 58. 33% in 1981 and 37. 5% in 1982. 17-10. At current tax rates, which investors are most likely to hold a stock that has a high dividend yield? a. Individual Investors b. Pension Funds c. Mutual Funds d. Corporations 17-11. A stock that you know is held by long-term individual investors paid a large one-time dividend.You notice that the price dropped on the ex-dividend date is about the size of the dividend payment. You find this relationship puzzling given the tax disadvantage of dividends. Explain how the dividends-capture theory might account for this behavior. Dividend capture theory states that investors with high effective dividend tax rates sell to investors with low effective dividend tax rates just before the dividend payment. The price drop therefore reflects the tax rate of the low effective dividend tax rate individuals. MBA  509  Recommended  Chapter  Questions These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam.Understand  the  answers  to  these  questions  and  should  not  be  surpris ed  by  anything  on  the  exam. 17-16. Explain under which conditions an increase in the dividend payment can be interpreted as a signal of: a. Good news By increasing dividends managers signal that they believe that future earnings will be high enough to maintain the new dividend payment. b. Bad news Raising dividends signals that the firm does not have any positive NPV investment opportunities, which is bad news. 17-17. Why is an announcement of a share repurchase considered a positive signal?By choosing to do a share repurchase management credibly signals that they believe the stock is undervalued. 17-20. Explain why most companies choose to pay stock dividends (split their stock). Companies use stock splits to keep their stock prices in a range that reduces investor transaction costs 17-21. When might it be advantageous to undertake a reverse stock split? To avoid being delisted from an exchange because the price of the stock has fallen below the minimum required to s tay listed. 17-22. After the market close on May 11, 2001, Adaptec, Inc. , distributed a dividend of shares of he stock of its software division, Roxio, Inc. Each, Adaptec shareholder received 0. 1646 share of Roxio stock per share of Adaptec stock owned. At the time Adaptec stock was trading at a price of $10. 55 per share (cum-dividend), and Roxie’s share price was $14. 25 per share. In a perfect market, what would Adaptec’s ex-dividend share price be after this transaction? The value of the dividend paid per Adaptec share was (0. 1646 shares of Roxio) ? ($14. 23 per share of Roxio) = $2. 34 per share. Therefore, ignoring tax effects or other news that might come out, we would expect Adaptec’s stock price to fall to $10. 5 – 2. 34 = $8. 21 per share once it goes ex-dividend. (Note: In fact, Adaptec stock opened on Monday May 14, 2001 – the next trading day – at a price of $8. 45 per share. ) MBA  509  Recommended  Chapter  Question s These  questions  are  the  focus  of  what  I  am  covering  on  the  final  exam. Understand  the  answers  to  these  questions  and  should  not  be  surprised  by  anything  on  the  exam. Explain the long-term (3 to 5 years) relative stock performance of companies that have i) issued a seasoned equity offering ii) split their stocks Why would a stock split be a signal for good news?What is meant by â€Å"leaving money on the table,† when issuing an IPO? Why might issuing management be content to leave a lot of money on the table? Can you spot the period of a stock market bubble in the table below? (Hint: look for an oval! ) In retrospect, do you think it is a good long-term investment to purchase stocks where there has been huge amounts of money left on the table? Table 1 Summary Statistics for 6,312 IPOs with Offer Price ? $5. 00 Mean First-day Return 7% 15% 65% 12% 19% Average, 2001 Dollars Money Left on the Ta ble Gross Proceeds $2. million $10 million $82 million $29 million $17 million $42 million $72 million $161 million $397 million $81 million Period 1980-1989 1990-1998 1999-2000 2001-2002 1980-2002 Describe how investment banks allocate IPO shares using the â€Å"bookbuilding† method. Are IPOs, as a group and over time, good long-term investments in terms of average annual returns? Describe how IPOs are like Lotto tickets. (Low expected returns, but with relatively low probability of extremely large gains—buying into Microsoft, Intel, etc) Hint: this is the answer.Describe Graham and Kumar’s suggestive evidence that there is, indeed, a clientele effect for dividends. Which class of investors like high dividend yields? Which age bracket? How do these finding suggest a clientele effect? Chapter  14. Capital  Structure  in  a  Perfect  Market   Summary   1. The  collection  of  securities  a  firm  issues  to  raise  capital  fro m  investors  is  called  the   firm’s  capital  structure. Equity  and  debt  are  the  securities  most  commonly  used  by   firms. When  equity  is  used  without  debt,  the  firm  is  said  to  be  unlevered. Otherwise,  the   amount  of  debt  determines  the  firm’s  leverage. . The  owner  of  a  firm  should  choose  the  capital  structure  that  maximizes  the  total  value   of  the  securities  issued. 3. Capital  markets  are  said  to  be  perfect  if  they  satisfy  three  conditions:   a. Investors  and  firms  can  trade  the  same  set  of  securities  at  competitive  market   prices  equal  to  the  present  value  of  their  future  cash  flows. b. There  are  no  taxes,  transaction  costs,  or  issuance  costs  associated  with  security   trad ing. c. A  firm’s  financing  decisions  do  not  change  the  cash  flows  generated  by  its   investments,  nor  do  they  reveal  new  information  about  them. 4.According  to  MM  Proposition  I,  with  perfect  capital  markets  the  value  of  a  firm  is   independent  of  its  capital  structure. a. With  perfect  capital  markets,  homemade  leverage  is  a  perfect  substitute  for  firm   leverage. b. If  otherwise  identical  firms  with  different  capital  structures  have  different  values,   the  Law  of  One  Price  would  be  violated  and  an  arbitrage  opportunity  would   exist. 5. The  market  value  balance  sheet  shows  that  the  total  market  value  of  a  firm’s  assets   equals  the  total  market  value  of  the  firm’s  liabilities,   including  all  securi ties  issued  to   investors.Changing  the  capital  structure  therefore  alters  how  the  value  of  the  assets  is   divided  across  securities,  but  not  the  firm’s  total  value. 6. A  firm  can  change  its  capital  structure  at  any  time  by  issuing  new  securities  and  using   the  funds  to  pay  its  existing  investors. An  example  is  a  leveraged  recapitalization  in   which  the  firm  borrows  money  (issues  debt)  and  repurchases  shares  (or  pays  a   dividend). MM  Proposition  I  implies  that  such  transactions  will  not  change  the  share   price. 7. According  to  MM  Proposition  II,  the  cost  of  capital  for  levered  equity  is      8. Debt  is  less  risky  than  equity,  so  it  has  a  lower  c ost  of  capital.Leverage  increases  the  risk   of  equity,  however,  raising  the  equity  cost  of  capital. The  benefit  of  debt’s  lower  cost  of   capital  is  offset  by  the  higher  equity  cost  of  capital,  leaving  a  firm’s  weighted  average   cost  of  capital  (WACC)  unchanged  with  perfect  capital  markets: 1 9. The  market  risk  of  a  firm’s  assets  can  be  estimated  by  its  unlevered  beta: 10. Leverage  increases  the  beta  of  a  firm’s  equity: 11. A  firm’s  net  debt  is  equal  to  its  debt  less  its  holdings  of  cash  and  other  risk? free   securities. We  can  compute  the  cost  of  capital  and  the  beta  of  the  firm’s  bus

The United States Of America - 1208 Words

Does the United States of America actually get the media it deserves? This is a crucial question for not only U.S. citizens to be asking themselves, but the media personnel as well. If a country’s media is not efficiently and effectively providing its citizens with news stories, there is a huge problem at hand. While the media thrives off of breaking news stories, it’s generally the minute details that grab the attention of viewers. In essence, the minute details are what makes a breaking news story a truly breaking news story. If the media withholds certain details from a story, which happens daily, they are depriving the viewers of â€Å"real news.† Due to this, American citizens often times do not get the news they deserve. While speaking with the Senate Foreign Relations Committee back in 2011, Secretary of the State, Hillary Clinton, stated that â€Å"Al Jazeera is gaining more prominence in the U.S. because it offers real news†; something which she believes the â€Å"American media were falling short of doing† (Mirkinson). In her argument, Clinton states, â€Å"in fact, viewership of Al Jazeera is going up in the United States because it is real news† (Bauder). In reality, viewership of Al Jazeera has not actually increased in the U.S. because it’s not easily accessible. In 2011, Washington, D.C., Vermont and Ohio were the only three U.S. states that had cable carriers that occasionally aired Al Jazeera news. Clinton’s main argument was that the U.S. media couldn’t keep up with AlShow MoreRelatedThe United States Of America1536 Words   |  7 PagesThe United States of America is well known throughout the world for tis democracy ant the freedoms of its citiz ens. Since declaring its Independence from Great Britain rule in 1776, the United States of America has undergone a continuous effort to maintain law and order. In order to create a strong federal government with a system of check and balances the Constitution was proposed and ratified. The Constitution of the United States became the Supreme law of the land. (The Constitution) We theRead MoreThe United States Of America1317 Words   |  6 PagesThe united states of america has been in many world affairs since its creation. One of the earliest international events that can be attributed to having direct links with the Great Depression was the Manchurian Crisis of 1931. War had broken out between China and Japan, who had both suffered due to the counter measures and high tariffs set by America and Europe to combat the Great Depression. Japanese army officers in Manchuria manufactured an incident, took over the province and on their own createdRead MoreThe United States Of America99 5 Words   |  4 PagesThe United States of America has always been known as the home of â€Å"The American Dream†. This consists of the nice house with the family, the dog and the white picket fence. Lately, however, the country has been losing this dream. Lately the corruption of the United States of America has taken over this dream that led so many to want to make a home in the country. Politics has become a contest of money and power. Money has come to equal power, and it shown through all elections. The Federal ElectionRead MoreThe United States Of America1551 Words   |  7 Pages The United States of America: the place that praises the â€Å" American Dream† that countless people try following but never really succeed in accomplishing because of systemic racism. It’s easy to tell people to pull themselves up by their bootstraps, but what if they don’t even have bootstraps to begin with? The American Dream is a sugar coated lie. After hundreds of years of colonization, mass genocide, racism, white supremacy†¦ It is deceptive to tell minorities that they can be as successful asRead MoreThe United States Of America Essay1694 Words   |  7 PagesA crash in america may be coming a lot sooner than many people think. The United States of America is facing problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nations are growingRead MoreThe United States Of America1244 Words   |  5 PagesFrom Northern Pakistan to The United States of America, The Exchange Student Probably to everybody’s shock, nobody could have imagined how poorly executed the 45th’s President Executive Order shortly after it was established. Any person, who is from one of the seven designated Muslim countries in the Middle East, are not allowed the right of entry into the United States of America. People like Syrian Refuges are ban indefinitely until the 46th POTUS reverses that order, who are seeking nothing butRead MoreThe United States Of America1674 Words   |  7 PagesThe United States of America is the world largest single economy with a lot of trade activities with other nations. The country has traded with other nations for centuries hence it is an important economic partner (Jensen, Quinn Weymouth, 2015). The country normally has a lot of influence in the world trade since it serves almost all the nations worldwide. In fact, most of the trade policies that affect the whole world have been proposed by the United States of America. Moreover, the count ry isRead MoreThe United States Of America1354 Words   |  6 Pages The United States of America was sought out by immigrants as a place of freedom and refuge. Throughout America s short history, people from all over the world looked to America as a land of opportunity. Immigrants from Eastern European countries such as Poland, Lithuania, and Hungary poured into the United States in the mid 19th century. The large amount of immigration from Eastern European countries to the United States between 1919 and 1924 was due not only to the opportunities of work and freedomRead MoreThe United States Of America938 Words   |  4 PagesThe United States of America is one of, if not the most developed nation in the world as of 2014. America is well-known for its freedom and opportunity it offers, which is why many individuals sought out for it. But I am not going to write about America’s many achievements and prestigious comforts. I would like to address the current situation that h as been haunting America for quite some time now. In the last century, technology all around the world has undergone dramatic changes, whether it isRead MoreThe United States Of America1340 Words   |  6 PagesThe journey of how the United States of America became the United States of America is a very complex one. With America declaring separation from the Great English Empire, to the organization of becoming a free, sovereign nation and lastly, the migration and colonization of the now, western United States, including the great state of Nevada, has many components. The Declaration of Independence initiated the process of becoming a country of its own. This Document pushed the separation from England

Abraham Lincoln vs the Radical Republicans Essay - 2594 Words

How did Lincolns successful attempts to merge clashing personalities within his political cabinet lead to both the abolition of slavery and victory of the Civil War and how did it contrast with the principles of Radical Republicans? Table of Contents: INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 HISTORICAL CONTEXT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 LINCOLN: GRADUAL EMANCIPATOR†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦......†¦.6 RADICAL REPUBLICANS: SWIFT EMANCIPATORS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 CONCLUSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. WORKS CITED†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Introduction Abraham Lincoln is known as the President who helped to free the slaves, lead the Union to victory over the confederates in the American Civil War, preserve the†¦show more content†¦Before the Declaration of Independence that we know today was enforced, several revisions to the document were made. One of the causes of these revisions that eventually was absent from the Declaration of Independence was the mention of the abolition of slavery. Politicians of the time period debated this key issue, as politicians differed between whether slavery should continue to exist in the nation. The Declaration promised life, liberty and property to all those who lived in the United States, however politicians knew that plantations and the agriculture business would not thrive without a source of cheap labor. During the late part of the eighteenth century as well as early part of the nineteenth century, the United States drastically grew geographically. Kentucky, Tennessee, and Ohio were all admitted into the union between 1791-1803. However, the rapid geographical growth was largely in part to the Louisiana Purchase of 1803. The Louisiana Purchase was a land deal between the United States and France, a deal in which the U.S. acquired 827,000 square miles of land west of the Mississippi. In 1787 slavery was barred in the Northwest Territory however, whether slavery would exist in the states acquired through the Louisiana Purchase had not yet been decided. When Missouri,Show MoreRelatedAmerican Reconstruction after the Civil War Essay1228 Words   |  5 Pagesrebuilding of America. It was also the process used to readmit all the Confederate states back into the Union. There was controversy, however, on how to go about rebuilding the nation. Abraham Lincoln proposed a lenient plan. A fter he was assassinated, Andrew Johnson proposed a very similar plan. The Radical Republicans, a group of legislators that were in favor of freedmen’s rights, were opposed to both plans under â€Å"Presidential Reconstruction†. They initiated â€Å"Congressional Reconstruction†. BecauseRead MoreAbraham Lincoln And The Fourteenth Amendment1431 Words   |  6 Pagespolitical cartoon characterizes Abraham Lincoln as having a difficulty balancing the slavery issue with the other needs of his party. One person is a slave representing freedom and holding the end of one side, the slaveholder is representing slavery holding the other side, and Abraham Lincoln is in between both slavery and freedom. This political cartoon is saying that if you vote for the democrats than you are a white man. There was slavery then if you vote for the republicans than you would be comparedRead MoreReconstruction : Johnson s Plans And His Battles With Congress1576 Words   |  7 Pages Reconstruction Johnson’s Plans and His Battles With Congress: Republican Abraham Lincoln chose Democratic Senator from Tennessee, in 1864, to be his vice presidential candidate. Abraham Lincoln was on the lookout for Southern support. He was hoping that choosing Johnson, would appeal the Southerners who never planned on leaving the union. Johnson also grew up in poverty. He hadn’t learned to write until he was around 20yrs old. He rose up to political power as a â€Å"backer† of a small farmer. InRead MoreThe War Over Sectional Conflicts2166 Words   |  9 PagesBy the year 1860, the bloodshed that would develop into the Civil War had become inevitable. After being delayed through compromise multiple times, the election of Lincoln as the 16th president proved to be the final straw in the war over sectional conflicts. Since the invention of the cotton gin in the late 18th century by Eli Whitney, The North and South began courses with two opposite trajectories, both economically and socially. Countless events from 1800 to 1860 dro ve the regions further apartRead MoreThe Era Of Reconstruction During The Civil War1275 Words   |  6 Pageswas created. The agency did strive to help with schools and education, but it lacked in some departments. The bureau just did not have the personnel or enough funds continue so it ,unfortunately, only lasted a mere four years. In the case of Plessy Vs. Ferguson African Americans were given the right of â€Å"separate but equal† but the demand was still ignored in the South. Even more, African Americans in the South had to deal with poor treatment on share cropping plantations and with black codes. FreedmenRead MoreThe Civil War And Reconstruction2195 Words   |  9 Pagesthe act. †¢ Republican Party - As the Democratic Party weakened, the republican was founded on the idea that slavery should not spread. †¢ The Scott vs. Sanford case – as stated in the Dred Scott source, in 1857 the case ruled that African American, slave or free, did not have the right to sue in court since they were not citizens. It also held that Missouri compromise was unconstitutional as it violated the 5th amendment due clause law, it deprived them of their property, slaves. The Lincoln-DouglasRead MoreReconstruction Of The American Civil War1861 Words   |  8 Pagesof the mexican’s defeat to popular sovereignty. Afterwards, Abraham Lincoln was elected as the 16th president in the election of 1860. The Battle of Fort Sumter occurs on April 12 of 1861, which lasted to April 14, 1861. This battle was the first battle of Civil War (Tyler). Also, the Union attempted to resupply the fort and the South fired on the fort, which made the war unavoidable. The Emancipation Proclamation was issued by Lincoln, in January 1, 1863, which freed all slaves in the ConfederateRead MoreThe Legacy Of Abraham Lincoln1928 Words   |  8 PagesAbraham Lincoln was seen as two extremes, either a hero fighting for the end of a satanic institution, or as a tyrant seeking to divide and destroy a necessity of life. With the United States on the brink of a civil war, Lincoln took office in the hardest time imaginable, but no better man could have been President during this difficult time, both sides drastically tried to avoid war, but it was inevitable (Bredhoff). Lincoln is considered to be the best President as accom plishments go, with repairingRead MoreReconstruction After Civil War Essay1503 Words   |  7 Pagesended on April 9, 1865. Abraham Lincoln was the president during the time. His plan for reconstruction was called a â€Å"10 percent plan† in which all southern states would take an oath of allegiance to the United States and receive a pardon upon the oath. However, Lincoln was assassinated on April 14, 1865. After his death, Andrew Johnson, vice president for Lincoln, became the president and the reconstruction plan was now divided between Johnson and the Radical Republicans, the Congress. Johnson andRead MorePolitical Parties And The Democratic Party2072 Words   |  9 Pagesnation. These political parties are known as the Republican Party, commonly known as the Grand Old Party, and the Democratic Party. Each party has a symbol of representation, in particular the elephant symbolizes the Republican Party. Thomas Nast created this symbol to portray that the Republicans are strong and dignified. The party was founded through antislavery activist and the members of the activists of the Whig Party in 1854. The Republicans believe in a more conservative society. Conservatism

The Clash Of Old and New in Lorraine Hansberry’s Play, A...

In Lorraine Hansberry’s play, A Raisin in the Sun, she uses the characters Beneatha and Walter to show the generation gap from Mama to her children, the generation gap causes a clash between values of new and old. Mama’s children are obsessed with money and the future, while all Mama cares about is freedom and her family. Beneatha and Walter’s outlook on life is very different from Mama’s outlook on life. Mama states â€Å"Once upon a time freedom used to be life – now it’s money. I guess the world really do change.† Mama is saying that all that matters in her life is freedom and family, but now everyone only wants money. Beneatha and Walter prove what Mama said to be true throughout the play, they only think about money and how they are going to spend their father’s insurance check when it comes. But what they do not realize is that that insurance check isn’t theirs to spend its Mama’s. Beneatha is looking to spen d the money on going to college to become a doctor, while Walter wants to use the money to open up a liquor store. But all Mama wants is to do what is best for her family and to make her husbands dreams come true for his family. Mama’s husband always had the dreams for his family to live in a house and not have to worry if they will have a place to sleep at night. Mama never let go of that dream, and when the insurance check came she had a choice to make: to spend it all on a house, to give it to her kids, or to split it up. Mama chose to split it up because she had

Professional Nagarjuna Sagar Dam Project

Question: Discuss about the Professional Nagarjuna Sagar Dam Project. Answer: Background of the Study Nagarjuna Sagar Dam project was constructed over the period of 1955 to 1967. The water reservoir which was created from this dam construction project is 490 feet tall and has a gross storage capacity of 11,472,000,000 cubic meters (Singh et al., 2016). However, it has been observed that this dam construction can have adverse impacts on the social, geophysical and economic as well as on climate and water quality due to ineffective engineering plans and design activities. The dam wall blocks migration of fishes and traps sediments which creates difficulties in maintaining physical habitats and processes. All these factors revolve the entire ecosphere in a negative way (Bhoi Ali, 2014). Dams are constructed to be used as water resources for the industries and communities. Moreover, this also provides drinking eater to the people of submerged areas, prevent floods and most importantly generates energy. Therefore, it is very necessary to mitigate the environmental, economic and social ri sks raised from Dam construction project and to take appropriate countermeasures to maintain sustainable development throughout the country. The Nagarjuna Sagar Dam project has transformed the economy of several districts, fifty-two villages and serves a large community throughout the years. This also meets up 80% water needs of Hyderabad. Therefore, through this paper, the researcher will try to analyze the negative impacts of dam construction on the environment and to take useful measurements for improving environmental sustainability. Research Objective The major objectives of this research proposal are To assess the environmental impacts of Nagarjuna Sagar Dam project To monitor the status of Nagarjuna Sagar based on biological and physic-chemical characteristics of soil and water To recommend best possible solutions to improve the status of dam for ensuring environmental sustainability Conceptual Foundation of the Topic Positive and Negative Impacts of Dam Construction According to Rao et al., (2014), dam construction project offers irrigation scheme which provides temporal and permanent job opportunities to the people of the society. In addition, these projects increase fish production and promote sustainable methods of fishing. ACHARYA, ADAK and SRIVASTAVA (2012) stated that the dam operations not only enhances production levels but also boss the economic growth of the country. However, Bhoi and Ali (2014) opined that, besides the positive impacts, the dam construction projects also have significant adverse effects on the environment and society. Due to increased use of fertilizers and pesticides, water and land pollution can occur which disturbs the environmental ecosystem. Then, use of heavy machines and devices leads to soil instability and cases soil erosion. All these factors should be considered to develop a sustainable and safe dam management program. Figure 1: Conceptual Framework for Dam Construction and Its Safety (Source: Created by Author) In order to ensure safety and security, the constructors and operators should set up an effective dam safety management program. This can be achieved by implementation and maintenance of dam construction areas with proper design planning and principles. According to Singh et al., (2014), construction of dams needs constant vigilance to ensure the fact that safety and security of environment and society are not compromised. In addition, Rao et al., (2014) mentioned that operation and maintenance of dam projects should be organized through sound engineering processes and practices. As stated by Ranjan and Rao (2016), the surveillance system is very crucial in this aspect to analyze the present status of the dam in a visual representation, so that any hazardous accidents can be stopped before it happens. The operation team should follow these monitoring practices on a weekly basis to identify the deficiencies or loopholes present in the dam construction projects. The inspection frequenc y should be set up by considering some major facts such as dam failure, size and type of the dam, and risk levels of the dam. Monitoring is another crucial stage of the dam safety management program to which helps to check and monitor structure, behavioral trends, and performance of the dam. Use of electronic equipment system in this monitoring process helps to provide real time data and information based on the environmental impacts of dam constructions. The safety review, risk assessment programs and reporting process helps to evaluate dam safety from every designer and operational aspects. As stated by Singh et al., (2016), an inductive training session is required for the dam operators to follow these practices properly and to use the devices as per the requirements. In this aspect, government plays a significant role to measure the effectiveness of this safety management program and practices. Scope of the Research The scope of this proposal is to identify the environmental impacts of Nagarjuna Sagar Dam project. The area of improvements will also be identified from this research proposal to maintain sustainable developments in dam construction projects. References Acharya, S., Adak, T., Srivastava, R. (2012). ReservoirsSink or Sources of Greenhouse Gases?. Soil and Water Conservation, 11(2), 39-45. Bhoi, R. Ali, S.M., (2014). Potential of hydro power plant in India and its impact on environment. Small hydro power, 1, p.30MW. Ranjan, E. J. H., Rao, K. V. (2016). Hidden in the HavocHydrological Solutions and the Need for Innovative Studies into Extreme Events. Imperial Journal of Interdisciplinary Research, 2(5). Rao, B. S. P., Srinivas, N., Rao, N. B., Rajesh, S. V. J. S. S., Pernaidu, P. (2012). Geological and environmental issues of the proposed link canal (Inchampalli to Nagarjunasagar) of Godavari to Krishna Rivers adopting remote sensing and geographical information system (GIS). Journal of Geology and Mining Research, 4(4), 75-85. Rao, N. B., Srinivas, N., Rao, B. P., Sankar, G. J., Rao, V. V., Amminedu, E., ... Kumar, M. S. (2014). Study on Nagarjunasagar to Somasila link canal alignment and its impact on environment using IRS-P6, AWiFS data. J. Ind. Geophys. Union (April 2011) Vol, 15, 113-124. Singh, D., Ahmed, R., Gupta, S., Bartwal, M., Joshi, M., Bhandari, M. S. (2016). Physicochemical Profile and Benthos of River Giri Up and Downstream Giri Barrage in Renuka, Sirmour (Himachal Pradesh). International Journal of Scientific Research, 5(3).

Why is Friday The 13th an Unlucky Day Essay Example For Students

Why is Friday The 13th an Unlucky Day? Essay â€Å"Just leave me alone! † I shouted with tears flowing down like a river. I’ve had a really tiring day and nothing went right the whole day. I was both mentally and physically worn out. I couldn’t take any more and I broke down. It was just a typical Friday but it was somehow unusual because it was the 13th. I wasn’t being superstitious but I always have a bad instinct on 13th Fridays. Since the morning, I didn’t hear the alarm clock and I over slept. When I looked at the clock it was already, 7:20 am so I quickly got up and changed into school uniforms. After the dressing up, I drank a cup of milk and ran to get inside my car. Suddenly, a black cat showed up of nowhere and I just stood there looking at the black cat for some seconds. It took a long time to arrive to school because of the traffic jam and rain. When I got to school, it was already 8:20am. I was late for school. I finally arrived to school but there awaited an angry-looking teacher. I got scolded for being late. We will write a custom essay on Why is Friday The 13th an Unlucky Day? specifically for you for only $16.38 $13.9/page Order now When I arrived to my class, my friend reminded me that there was chemistry tutorial. I totally forgot about it during the weekends. I went through the lessons within a short time but I still couldn’t put anything in my brain. â€Å"Ding† The bell rang and it was physics period already. As the teacher gave the tutorial paper to me, I knew I was so dead. I couldn’t answer well and I would only pass this tutorial if I’m lucky. But then, luck wasn’t actually on my side. During lunch time, I fall down from the stairs and got a bruised knee. I couldn’t even buy any food for lunch since I had to rest at the sick bay for the whole lunch time. After lunch time, it was English class. Students were grouped for a project and there was a girl I hate in my group. She was so annoying to our group and it wasn’t long that we started arguing. She started this fight and I couldn’t hold my anger anymore so we had a pretty big argument. In the middle of the shouting and arguments, I yelled â€Å"Just leave me alone! and burst into tears. It was so embarrassing to cry in front of my classmates but I couldn’t bottle up my feelings anymore. We both were sent to the principal afterwards and got scolded for our bad behavior. That whole day was a disaster. Mostly people say this phrase on Fridays â€Å"thank god it’s Friday† (TGIF) because Fridays are usually days when people are free from school work or any kinds of work and can party up all night. But for me, it was an unlucky Friday. It was so n ot â€Å"TGIF† at all.