RLG100Y1 Chapter Notes - Chapter 2: Syncretism, Teleological Argument, Transubstantiation

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tanwallaby565

16 Feb 2011

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Advent: the beginning of the christian liturgical year, a period including the four sundays immediately. Chapter 3 the christian tradition preceding christmas. Atonement: christ"s restoration of humanity to a right relationship with god, variously interpreted as divine victory over demonic power, satisfaction of divine justice, or demonstration of a moral example. Baptism: sprinkling with or immersion in water, the ritual by which a person is initiated into membership in the christian community. Bishop: the supervising priest of an ecclesiastical district called a diocese. Canon: a standard; a scriptural canon is the list of books acknowledges as scripture; the list of acknowledged saints is likewise a canon. Canon law is the accumulated body of church regulations and discipline. Clergy subject to the rule of a particular cathedral or congregation are also sometimes termed canons. Charismatic: characterized by spiritual gifts such as glossolalia. Christ: the greek translation of the hebrew word for messiah, anointed .

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Watch the video "Servant Leadership - Joe Schmitt." Discuss why this is a good example of leadership through acts of service in terms of the way the actions of the leader demonstrate integrity and personal character building while also establishing followership and pushing others to grow professionally through emulating his actions. Discuss how this example embraces both Greenleaf's principles of servant leadership and the call to service evident in Christianity.

13.16 Growth Options

You are considering an investment in a Christmas tree farm overtwo years. The fam already has trees planted a year ago, and thesetrees grow each year by the following factors.

Year1 : growth 1.6, year2 : growth 1.5

The price of the trees follows a binomial lattice with u = 1.25and d=0.80. As the trees grow older, the value of the investment ingeneral will increase. However, if the trees get too big, they areles attractive, so a three-year rotation appears to be a typicallife-cycle for this type of Christmas tree. The interestrate(risk-free) is constant at continuous 6%. It costs $400,000each year ----payable at the beginning of the year----to lease theforest land. The initial value of the one-year old trees is$1million (assuming they were harvested immediately) you can cutthe trees at the beginning of the Christmas season (say, December1^st) of any year and then not pay rent after that. Withrent of $400,000 per year, find the best cutting policy(when tocut) and the value of the investment opportunity with the bestcutting policy.

mauvecat951

Mark Sexton and Todd Story, the owners of S&S Air, Inc., were impressed by the work Chris had done on financial planning. Using Chrisâs analysis, and looking at the demand for light aircraft, they have decided that their existing fabrication equipment is sufficient, but it is time to acquire a bigger manufacturing facility. Mark and Todd have identified a suitable structure that is currently for sale, and they believe they can buy and refurbish it for about $35 million. Mark, Todd, and Chris are now ready to meet with Christie Vaughan, the loan officer for First United National Bank. The meeting is to discuss the mortgage options available to the company to finance the new facility. Christie begins the meeting by discussing a 30-year mortgage. The loan would be repaid in equal monthly installments. Because of the previous relationship between S&S Air and the bank, there would be no closing costs for the loan. Christie states that the APR of the loan would be 6.1 percent. Todd asks if a shorter mortgage loan is available. Christie says that the bank does have a 20-year mortgage available at the same APR. Mark decides to ask Christie about a âsmart loanâ he discussed with a mortgage broker when he was refinancing his home loan. A smart loan works as follows: Every two weeks a mortgage payment is made that is exactly one-half of the traditional monthly mortgage payment. Christie informs him that the bank does have smart loans. The APR of the smart loan would be the same as the APR of the traditional loan. Mark nods his head. He then states this is the best mortgage option available to the company since it saves interest payments. Christie agrees with Mark, but then suggests that a bullet loan, or balloon payment, would result in the greatest interest savings. At Toddâs prompting, she goes on to explain a bullet loan. The monthly payments of a bullet loan would be calculated using a 30-year traditional mortgage. In this case, there would be a 5-year bullet. This would mean that the company would make the mortgage payments for the traditional 30-year mortgage for the first five years, but immediately after the company makes the 60th payment, the bullet payment would be due. The bullet payment is the remaining principal of the loan. Chris then asks how the bullet payment is calculated. Christie tells him that the remaining principal can be calculated using an amortization table, but it is also the present value of the remaining 25 years of mortgage payments for the 30-year mortgage. Todd has also heard of an interest-only loan and asks if this loan is available and what the terms would be. Christie says that the bank offers an interest-only loan with a term of 10 years and an APR of 3.5 percent. She goes on to further explain the terms. The company would be responsible for making interest payments each month on the amount borrowed. No principal payments are required. At the end of the 10-year term, the company would repay the $35 million. However, the company can make principal payments at any time. The principal payments would work just like those on a traditional mortgage. Principal payments would reduce the principal of the loan and reduce the interest due on the next payment. Mark and Todd are satisfied with Christieâs answers, but they are still unsure of which loan they should choose. They have asked Chris to answer the following questions to help them choose the correct mortgage.

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RLG100Y1 Chapter Notes - Chapter 2: Syncretism, Teleological Argument, Transubstantiation

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