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QUESTION
(a) Describe briefly three methods of electronic payment.
(b) (i) Explain briefly the term E-Billing.
(ii) Outline three advantages of E-Billing.
(c) Why is credit card not suitable for micro-payments?
(d) (i) Explain the purpose of the Mauritius Automated Clearing and Settlement System (MACSS).
(ii) Outline three advantages of the MACSS.
(ii) What is the purpose of S.W.I.F.T during fund transfers?
Conversion value is the amount which investors will receive by immediately exchanging the bonds for equity stock and selling the stock at prevailing market
The Selling Process The four key elements that constitute the selling process are: (i) identification of prospective buyers, (ii) selection of the type of selling process to be
What are the main classes of institutions that issue bonds in the USA? There are three major classes of institutions which issue bonds in the USA: national governments, local g
What do financial managers look for when they analyze pro forma financial statements? After the pro forma financial statements are finished, financial managers examine the
Fundamentals of Structured Product Engineering 1. (a) Let r m denote the m month swap rate (or Libor rate). Subsequently the 3 × n month forward rate f (3 ×n )
Explain the significant feature of the wealth maximisation The significant feature of the wealth maximisation criterion is that it considers is that it considers both the quali
Solutions to this Conflict In common, to make sure that managers act to the best interest of shareholders, the firm will: (a) Acquire Agency Costs in the form of:
Need help with explanations for the answers chosen, not good with math calculations, or explaining the answers, can you help with this.Chapters 6, 8
They are issued in the local market, by a foreign borrower are usually denominated in the local currency. For example, Yankee bonds are USD denominated bon
DISCOUNTING TECHNIQUE is also called present value technique. It is the process of calculating the present value of cash flows. Discounting is determining the present value of a
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