Total adjusted margin

The adjusted simple margin for BP is 60.02 basis points and is derived from the adjusted price of 100.12. The other one is known as adjusted total margin... 

There are several yield spread measures or margins that are routinely used to evaluate floaters. The four margins commonly used are spread for life, adjusted simple margin, adjusted total margin, and discount margin. To illustrate these measures, we will assume a floater that has a coupon formula equal to 3-month LIBOR plus 45 basis points and delivers cash flows quarterly. 

The adjusted total margin (also called total adjusted margin) adds one more refinement to the adjusted simple margin. Specifically, the adjusted total margin is the adjusted simple margin plus the interest earned by... 

For our hypothetical floater we used in previous illustrations, the adjusted total margin is... 

Similarly to other environmental taxes, carbon taxes are defined as priced-based policy instruments for the correlated effects to increase the price of certain goods and services, thereby decreasing the quantity demanded. On the other side, tradable permits are defined as quantity-based environmental policy instrument. Although both policy instruments are MB, their implementation is different carbon taxes fix the marginal cost for carbon emissions and allow quantities emitted to adjust, whereas tradable permits fix the total amount of carbon emitted and allow price levels to change according to market forces. 

To illustrate how important tax savings are to net R D costs, OTA recalculated the R D cost per new chemical entity from DiMasi s estimates (table 3-10). The sample of NCEs that DiMasi studied underwent the great bulk of discovery and development at a time when the marginal tax rate was 46 to 48 percent. Adjusting for tax savings (using a 46-percent rate) without any other changes reduces the net cash outlays per NCE from 127.2 million to 65.5 million, and it reduces the total costs capitalized to the point of market introduction from 259 million to 140 million. When the cost of capital was permitted to decrease linearly from 14 to 10 percent over the... 

The diameter of the bronchioli reaches a peak in the fourth decade and declines thereafter. Declining small airway diameter may contribute to the decrement in expiratory flow with ageing. However, since peripheral airways contribute marginally to total resistance of the airways in adults (Sec. II.B, under Partitioning of Resistance ) age has no significant effect on airway resistance when adjusted for lung volume (41). 

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