Friday, October 25, 2019

A Streetcar Named Desire, by Tennessee Williams Essay -- A Streetcar Na

ENGLISH ESSAY   Ã‚  Ã‚  Ã‚  Ã‚  In the play A Streetcar Named Desire, Tennessee Williams uses his brilliant writing to bring life to his characters in the story. I will be composing a character sketch on Stanley, one of the main actors in the play. I will focus on evaluating Stanley's ever changing character traits in the role he plays. They consist of different moods that he demonstrates during the play: his aggressiveness, his love for Stella and also his rudeness and cruelty towards Blanche.   Ã‚  Ã‚  Ã‚  Ã‚  Let's begin by talking about the way Stanley's aggressiveness affects the climax of the play. During scene three, while the boys were playing poker, Blanche and Stella come into the kitchen and, as a result, disrupt the games. This got Stanley very angry and violent . For this reason he got up and began attacking Stella. Here is a passage from that scene: ' Men: Take it easy, Stanley, easy fellow,--Let's all--. Stella: You lay your hands on me and I'll—'(57) This just proves what I was saying about one of Stanley's moods. His violence and the fact that he looses control of his actions is one characteristic which I didn't particularly like at all about Stanley. Here's another passage in Scene 10 that really show's how mean Stanley really is. This scene depicts when Stanley gets into a fight with Blanche. The scene concludes on a sour note when Blanche breaks a bottle top on the table and try's to hurt Stanley . Stanley says: 'Oh! S...

Thursday, October 24, 2019

Portfolio Effect on Risk and Return

ERC INSTITUTE Name : Kimberly Limanto Student ID : 1004434 Course Name: SADBA Title Of The Course : Investment and Fund Management Date of Submission : 15 November 2012 Instructor Name : Mr. Johnson Yang TABLE OF CONTENTThe Financial advisor’s investment case: Inferior investment alternatives Although investing requires the individual to bear risk, the risk can be controlled through the construction of diversified portfolios and by excluding any portfolio that offers an inferior return for a given amount of risk. While this concept seems obvious, one of your clients, Laura Spegele, is considering purchasing a stock she will bear. To convince her that the acquisition is not desirable, you want to demonstrate the trade-off between risk and return.While it is impractical to show the trade-off for all possible combinations, you believe that illustrating several combinations of risk and return and applying the same analysis to the specific investment should be persuasive in discour aging the purchase. Currently, US Treasury bills offer 7%. Three possible stocks and their beta are as follows:- SecuritiesExpected ReturnBeta Stock A9%0. 6 Stock B 11%1. 3 Stock C 14%1. 5 Required I. What will be the expected return and beta for each of the following ? portfolios? a.Portfolio 1 through 4 : all of the funds are invested solely in one asset ? (the corresponding three stocks or the Treasury bill) b. Portfolio 5: one quarter of the funds are invested in each alternative c. Portfolio 6: one half of the funds are invested in stock A and the other half in stock C. d. Portfolio 7: One third of the funds are invested in each stock. II. Are any of the portfolios inefficient? III. Is there any combination of the Treasury bill and Stock C that is superior to portfolio 6 (i. e. half the funds in Stock A and half in Stock C)? IV.Since your client’s suggested stock has an anticipated return of 12% and a beta of 1. 4 does that information argue for or against the purchase o f the ? stock? V. Why is it important to consider purchasing an asset as part of a portfolio ? and not as an independent act? Answers: I. Expected Return and Beta of each portfolio. a. All of the funds are invested solely in one asset. * Portfolio 1 : 100% in investment T-Bill E(R) = 7% E (beta) = 0. 0 * Portfolio 2 : 100% investment in Stock A E(R) = 9% E (beta) = 0. 6 * Portfolio 3 : 100% investment in Stock B E(R) = 11%E (beta) = 1. 3 * Portfolio 4 : 100% investment in Stock C E(R) = 14% E (beta) = 1. 5 b. Portfolio 5 : 25% investment in each security E(R) = (0. 25*0. 07) + (0. 25*0. 09) + (0. 25*0. 11) + (0. 25*0. 14) = 0. 0175 + 0. 0225 + 0. 0275 + 0. 035 = 0. 1025 = 10. 25% E (beta) = (0. 25*0. 0) + (0. 25*0. 6) + (0. 25*1. 3) + (0. 25*1. 5) = 0 + 0. 15 + 0. 325 + 0. 375 = 0. 85 c. Portfolio 6 : 50% investment in Stock A, 50% investment in Stock B E(R) = (0. 5*0. 09) + (0. 5*0. 14) = 0. 045 + 0. 07 = 0. 115 = 11. 5% E (beta) = (0. 5*0. 6) + (0. 5*1. 5) = 0. 3 + 0. 75 = 1. 05 . Portfolio 7 : one-third investment in each security E(R) = (0. 33*0. 09) + (033*0. 11) + (0. 33*0. 14) = 0. 03 + 0. 036 + 0. 046 = 0. 1122 = 11. 22% E (beta) = (0. 33*0. 6) + (0. 33*1. 3) + (0. 33*1. 5) = 1. 12 Each Portfolio returns and beta 100% in T-bill| 7%| 0. 0| 100% in stock A| 9%| 0. 6| 100% in stock B| 11%| 1. 3| 100% in stock C| 14%| 1. 5| 25% in each| 10. 25%| 0. 85| 50% in A and C| 11. 5%| 1. 05| 1/3 in each stock| 11. 22%| 1. 12| II. Inefficient portfolio is a portfolio where the expected risk is higher than the expected return in their comparison.In this case, portfolio 3 where the investment is 100% invested in stock B is the most inefficient because its expected return is 11% and its beta is 1. 3 while in portfolio 6 the expected return is slightly higher, which is 11. 5%, but the beta is lower, which is 1. 05. Therefore from this, we can conclude that portfolio 3, or when she invest 100% in stock B, is the most inefficient portfolio. III. The portfolio which combin es 50% investment in stock A and 50% investment in stock C generates an expected return of 11. 5% and beta of 1. 05.The combination on investment between T-Bill and stock C that will be superior to the previous portfolio is: E (beta) = 1. 05 = [X% * 0. 0] + [Y% * 1. 5] = 1. 05 = 0 + [Y% * 1. 5] = 1. 05 Y% = 1. 5/1. 05 Y% = 0. 7 = 70% X% = 100% – 70% = 30% E(R) = (0. 3*0. 07) + (0. 7*0. 14) = 0. 021 + 0. 098 = 0. 119 = 11. 9% The portfolio which combines 30% or less investment in T-Bill and 70% or more investment in stock C will e superior to portfolio 6 which combine 50% investment in stock A and 50% investment in stock C. IV. The portfolio that the client suggested which has 12% expected return and 1. beta is inferior compared to any other portfolio. To prove that this portfolio is inferior to another portfolio, we can try to calculate by : Beta of 1. 4 is a combine of 93% investment in stock C and 7% investment in T-bill. Calculation: (0. 07*0. 0) + (0. 93*1. 5) = 1. 4 This portfolio will generate an expected return of: (0. 07*0. 07) + (0. 93*0. 14) = 0. 0049 + 0. 1302 = 0. 1351 = 13. 51% This calculation prove that a beta of 1. 4 suppose to give 13. 51% expected return. Therefore, the client's suggested portfolio is inferior compared to any other portfolio.V. Purchasing an asset as a part of a portfolio is a much clever way than just purchasing one single asset. It is because by purchasing several assets, the investor can either have higher return with the same risk, or same return but with a lower risk. Therefore, purchasing more than one asset will give benefits to the investor. Also, by purchasing in more than one asset, the investor can be more â€Å"safe†. What safe means is when the other asset collapse, or its value decline, there are still other assets that can cover the losses.

Wednesday, October 23, 2019

History of American Education Aed/201 Essay

3 Major Periods; 1: The Colonial Period (1607-1775) 1642- Massachusetts Bay Colony Law requires proper teaching of children. 2: The Early National Period (1175-1820) 1819- Emma Hart Willard helps New York State open education for women. 3: The common school movement (1820-1865) 1823- First Teacher-Training college in the U.S. 2 Major Eras 1: The Progressive Era 1900- Pencil and paper replace slates. 2: The Modern Era 1964-Cival Rights act of 1964 supports school desegregation. There are so many events that have taken place over time that it is hard to narrow it down to the ones that I have. To pick one that has made such an impact on the way that schools have changed I would say the 1642 Massachusetts Bay Colony Law. This law was the first education law to ever be passed. It was created by the English Puritans and the law required that children be taught to read and to write. Without this law I have no clue where we would be today. This was the foundation for our education system and still plays a role today in the classroom. School is more complex now and does not only consist of learning to read and to write. It was only five years after this law was written that another law was passed that required each town to establish and maintain public schools. Public schools took a while to establish and it took time before they were made available to students all over the country. This was just the beginning of where we are now. References Kauchak & Eggen. (2005). Introduction to Teaching: Becoming a Professional, Second Edition Mass Moments. (2006). Massachusetts Passes First Education Law. Retrieved from http://massmoments.org/moment.cfm?mid=113