Held legally responsible for hos losses

Assignment Help Financial Management
Reference no: EM131043747

Explain why the top executive of Societe Generale are more likely to be blamed for the six billion euro loss than Jerome Kerviel. Do you think Jerome Kerviel should be held legally responsible for hos losses? And why or why not? What term does the academic worlds use to describe this corporate activity? Why do we care if management knows or not?

Reference no: EM131043747

Questions Cloud

Suppose in the spot market-dollar exchange rate : Suppose in the spot market 1 U.S. dollar equals 1.75 Canadian dollars. 6-month Canadian securities have an annualized return of 6% (and thus a 6-month periodic return of 3%). 6-month U.S. securities have an annualized return of 6.5% and a periodic re..
Probability that both marbles she chooses are green : A bag contains 9 marbles: 2 are green, 2 are red, and 5 are blue. Kira chooses a marble at random, and without putting it back, chooses another one at random. What is the probability that both marbles she chooses are green? Write your answer a..
What is the percentage price change of bonds : Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 12 years to maturity, make semiannual payments, and have a YTM of 10 percent. If interest rates suddenly rise by 2 percent, what is the percentage price..
Extinguishers and heat detectors : The Flamey-Wamey Company (FWC) produces extinguishers and heat detectors. Each extinguisher takes three hours of labor from the materials department and four hours of labor from the contruction department.
Held legally responsible for hos losses : Explain why the top executive of Societe Generale are more likely to be blamed for the six billion euro loss than Jerome Kerviel. Do you think Jerome Kerviel should be held legally responsible for hos losses? And why or why not? What term does the ac..
Modify the demonstration program to more closely match : The covered slip will include all the information of the regular slip, but will also have a height. Because some of these covered slips also have doors (and others do not), you need to track this information for each covered slip.
Vertices correspond to each of the squares : Let G a graph where vertices correspond to each of the squares of an 8 × 8 board and where two are adjacent if, and only if, from one square to the other in one move. What is/are the possible degree(s) of a vertex? How many vertices have eac..
Find the probability that a randomly selected machine : The useful life X of a particular kind of machine is a random variable with density function f(x)={(3/(x^2))+(1/6) if 3≤x≤6 and 0 if otherwise} where x is the number of years a randomly selected machine stays in use. (a) Find the probability that a..
Massachusetts lottery game in bygone days : 1.) To win the jackpot of the Massachusetts lottery game in bygone days, you had to correctly pick the six numbers selected from the numbers 1 through 36. What was the probability of winning the Massachusetts lottery? (round to seven decimal place..

Reviews

Write a Review

Financial Management Questions & Answers

  Should the company accept the special order

Prepare a report to management explaining the findings for the situations described above. Include in the report a description of the steps that the company should the following to make these short term decisions. Explain the importance of develop..

  Optimal combination of projects given capital constraint

Assume that your capital is constrained, so that you only have $500,000 available to invest in projects. If you invest in the optimal combination of projects given your capital constraint, then the total net present value (NPV) for all the projects y..

  What is the effective annual yield on the bill

The Economist quotes 6.00% for the Treasury bill with a par value of $100,000 due two months from now. What is the effective annual yield on the bill?

  Considering investing in project with the cash flows

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 12 percent, and that the maximum allowable payback and discounted payback statistic for t..

  The company pledges to increase its dividend

Caan Corporation will pay a $2.94 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock..

  Determined that the projects unlevered cash flow

NEC Inc is considering a $50 million project in its power system division. Tom Edison, the company’s chief financial officer, has evaluated the project and determined that the project’s unlevered cash flow will be $3.5 million per year in perpetuity.

  Compute the book value-liquidation value-replacement value

We know the following about Carl & Co. Total assets are $200m, D is $60m, E is $130m, cash is $50m and the # of shares is 1m. We estimate that the market value of equity is 3 times the book value of it. Finally, a fire sale of the firm would bring 40..

  Planning for retirement

Your client is planning for retirement. Calculate the size of the monthly contributions he will need to make to achieve his retirement goals. He is hoping to retire in exactly 32 years from today. During the next 32 years, funds in the retirement acc..

  What is the weighted average expected rate of return

What is the weighted average expected rate of return for all investments made in January and what is the weighted average actual rate of return for all investments ending in December?

  Purchase of a share of blue grass

You are considering the purchase of a share of blue grass, inc. Common stock. You expect to sell it at the end of one year for $87 per share. You will also receive a dividend of $5.36 per share at the end of the next year. If your required return on ..

  New piece of equipment costs

A new piece of equipment costs $18,000 with a residual value of $600 and an estimated useful life of five years. Assuming twice the straight-line rate, the book value at the end of year 2 using the declining balance method is? A 11,520 B 6,480 C 18,0..

  Find the present value of these cash flows

You have accumulated some money for your retirement. You are going to withdraw $53,305 every year at the end of the year for the next 28 years. How much money have you accumulated for your retirement? Your account pays you 14.98 percent per year, com..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd