Why does Mr. Caywood seek convertibles with higher investment-grade ratings?
What will be an ideal response?
A higher investment-grade implies a lower probability of default. This means that the convertible bond will be around for a while and longevity implies a longer horizon for achieving conversion. In our problem, it is also noted that these bonds are selling at a discount. Since the call price is probably significantly greater that the discount price, Caywood is less worried about the bonds being called when it is disadvantageous to his company.
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Use the information in the table (all times are in days) to determine the lowest extra cost for an 18-day project if the base cost for each activity finished in normal time is $1,000
Activity Normal Time Minimum Time Crash Cost ($/day) Predecessor A 10 6 $70 -- B 6 3 $40 -- C 2 2 -- B D 4 2 $60 C E 6 4 $80 A F 8 5 $90 D, E A) $400 B) $420 C) $440 D) $460
The leadership of Herman Miller established a value of balancing work life and home life within the company. This is an example of which level of culture?
a. Organizational b. Cultural Groups c. National d. Leadership