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Creation
An express trust is "created not by facts and circumstances, but by the express words of the settlor". (Fitzgerald v Stewart)It may be created in the following ways:
1) A declaration of trust by the settlor whereby he makes himself the trustee of property for the benefit of some person; or
2) The transfer by the settlor of the ownership of the trust property to trustees, and the communication to the trustees of the terms upon which they are to hold that property; or
3) By will.
The following market data are available for interest rates and volatilities associated with standard maturities: Suppose you are holding a bond portfolio which invests in a
Shareholder value maximization framework The four key elements that affect the shareholder value of a company are Profitability Growth Risk Capital Mark
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How can a person tell whether an entry to an expense account is payment for a legitimate expenditure or a means of concealing a theft of cash?
Is there two type of way to do balance sheet?
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Q. Show example on Ratio calculations? The current gearing of Springbank plc = 100 × (3·5m/4m) = 87·5% Total debt after issuing $3·4m of debt = 3·5m + 3·4m = $6·9m New le
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