Hawthornes Young Goodman Brown †Poverty in the Tale and...

â€Å"Young Goodman Brown† – the Poverty in the Tale and in the Life of the Author Henry Seidel Canby in â€Å"A Skeptic Incompatible with His Time and His Past† mentions of Hawthorne that â€Å"human failures and their causes were more interesting to him than prophecies of success, one might truly say than success itself. †¦He was not, I think, really interested in escape, except in moods of financial discouragement. . . . (57). Nathaniel Hawthorne’s â€Å"Young Goodman Brown† embodies traits of the modest lifestyle which the author had to subject himself to because of inadequate finances through most of his life. In addition to the monetary impoverishment there was an additional artistic impoverishment which sorely restricted the materials†¦show more content†¦Henry James in his biography Hawthorne from 1879 testifies in eloquent fashion to the state of Hawthorne’s finances: It strikes the observer of to-day that Hawthorne showed great courage in entering a field in which the honours and emoluments were so scanty as the profits of authorship must have been at that time. . . Hawthorne never, I believe, made large sums of money by his writings, and the early profits of these charming sketches could not have been considerable; for many of them, indeed, as they appeared in journals and magazines, he had never been paid at all. . . .(chap. 2) Grandfather’s Chair (1841), a children’s book of New England history through the Revolutionary War, sold a million copies, but Hawthorne received only a hundred dollars - for the mansucript he wrote. Again he needed to supplement his writing income. In 1846, President Polk signed Hawthorne’s appointment to the customhouse at Salem with a salary of $1200 a year (Swisher 21). Two years later Hawthorne lost his job at the customhouse. While he was still angry about losing his political appointment and worried about supporting a wife and two children, his mother became desperately ill. James quotes Hawthorne himself as giving testimony to his personal financial situation - attached to the preface in 1851 to the second edition of Twice-Told Tales: He had no incitement to literary effortShow MoreRelated Hawthornes Young Goodman Brown – Poverty in the Tale and Author’s Life1650 Words   |  7 Pagesâ€Å"Young Goodman Brown† – Poverty in the Tale and Author’s Life  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚   Roy Harvey Pearce in â€Å"Twice-Told Tales: A Blend of Stories† makes reference to the widely-known poverty of the aspiring writer,Nathaniel Hawthorne: â€Å"True enough, Hawthorne planned more than once to write groups of tales and sketches somehow linked into a whole; but he could not get a publisher for them. When he did get a publisher in 1837, it had to be through the help of the hack-editor, Samuel Goodrich. . . .† (107)Read MoreAnalysis Of Nathaniel Hawthorne s The Great Gatsby 1416 Words   |  6 PagesMassachusetts, the Dark Romanticism author lived with some injuries, such as the death of his father. Yet, the wealth of his uncles helped him follow the dreams of becoming a writer. Hawthorne originally had no â€Å"w† in his name, yet he wanted to separate himself with the connection of one of his ancestors, John Hathorne, who was accused of using witchcraft. Edgar Allan Poe, born in the year 1809, in Boston, Massachusetts, was also a writ er in Dark Romanticism. An orphan at a young age, Poe was going throughRead More Poverty Within and Without Young Goodman Brown1420 Words   |  6 PagesPoverty Within and Without â€Å"Young Goodman Brown†Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚   How many readers have considered that the utter simplicity within the Nathaniel Hawthorne short story, â€Å"Young Goodman Brown,† might be an expression or reflection of the utter poverty within the life of Hawthorne? It is the purpose of this essay to clarify this issue.    Hawthorne’s impoverishment probably begain with the untimely death of his father, and continuedfor most of his llife. Gloria C. Erlich in â€Å"The Divided ArtistRead MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pagesï » ¿TEXT INTERPRETATION AND ANALYSIS The purpose of Text Interpretation and Analysis is a literary and linguistic commentary in which the reader explains what the text reveals under close examination. Any literary work is unique. It is created by the author in accordance with his vision and is permeated with his idea of the world. The reader’s interpretation is also highly individual and depends to a great extent on his knowledge and personal experience. That’s why one cannot lay down a fixed â€Å"model†

My First Day Of My Internship Essay - 2368 Words

I walked into a 7th grade science classroom on the first day of my internship; it was the first time I was in a kindergarten through twelfth grade (K-12) public school classroom since 2003. I choose this school myself, in an affluent area of my home county of Forsyth, instead of being most likely placed in an â€Å"inner-city† working-class Greensboro school, as I felt this would be the easiest way to ease myself back into the K-12 mindset. This particular middle school feeds into the two highest achieving high schools in the Winston-Salem/Forsyth County School District, so I expected to see the best of what the district had to offer; I anticipated an affluent-professional school. I paused and looked around, and briefly thought that I was in the wrong classroom. I was in a science class, but I couldn’t tell I was until I examined the posters of cells and anatomy illustrations on the walls. I expected to experience something similar to what I saw almost 20 years ag o, when I was in middle school in Florida. I was wrong; they weren’t in a â€Å"lab† as I had expected. There were no microscopes, sterile hoods, or sinks with gas and oxygen outputs. There weren’t goggles, aprons or lab coats, or gloves, cultures growing in petri dishes†¦ not even a plant or class pet. It was basically a regular, bare classroom. I explained my middle school science experience to the supervising teacher and asked why it was so different and lacking here – her answer†¦ money, specifically the lack ofShow MoreRelatedMy First Day Of My Internship960 Words   |  4 PagesFor the first day of my internship, I participated to an orientation with the ODOT administration, and the human resources representatives. It was an information session regarding the safety rules and discipline. In the afternoon, I participated in a tour of the department and was introduced to various personnel. The second day of my internship, I was involved in a safety training, and some outdoor activities, such as flagging on the road side and backing up ODOT’s trucks. In the afternoon, I metRead MoreMy First Day During My Internship Essay2303 Words   |  10 Pageshave met (a beginning understanding of the problem), disguising any identifying information- On my first day in my internship I was assigned with most of the Spanish-speaking residents since I was the only one that speaks Spanish. This was very convenient for my supervisor because I would be able to interact with those residents who are lonely due to the language barrier. After meeting with all of my assigned residents, there is one resident in particular that stood out to me. I was told that MrRead MoreMy First Day Of Internship With The Neurology Department846 Words   |  4 Pageswas nothing like any other department I had ever worked on. It was not always busy and loud like the ER, or soothing yet cheerful like pediatric. It always felt gloomy with its dimly lit hallways and beige colored walls. I met Mr. Peter on my first day of internship with the neurology department. As an intern, I was in charge of feeding patients breakfast and lunch among many other responsibilities. Unlike many other patients who were not able to chew or swallow their meal properly, Mr. Peter w as differentRead MoreMy First Day Of The Internship I Was Changed The Standards Of Procedures Enforced At Pdgx1257 Words   |  6 PagesJournal 1 The first day of the internship I was introduced to the Standards of Procedures enforced at PDGX. The entire day was devoted to the global SOP training which involved reading, presentations by respective staff and quizzes. I am now HIPPA Certified! I also attended other â€Å"scientist† specific sessions and got to know the people who were hired in the month of January. Overall, this day was devoted to documentation. Journal 2 The second session of this internship introduced me to the conceptRead MoreDamascus Outreach Association For Damascus852 Words   |  4 PagesInformation This report of my internship is divided into five sections. The first section provides an introduction to the Damascus Outreach Association that gave me the opportunity to do my internship. The second section looks at the practices, duties, and tasks of my internship that I was assigned to do at Damascus. The third section provides an evaluation and reflection of the experiences and knowledge that I gained at Damascus in the course of my internship. The fourth section provides recommendationsRead MoreMy Experience As An Intern For The Semester Of Fall1351 Words   |  6 PagesIntroduction In this report I will discuss my experience as an intern for the semester of fall, 2015. For the past few months I have partaken in a residential construction internship building custom homes and renovations through a non-profit organization for veterans and the elderly. Internship Orientation and Preparation My internship began on August 17th. Throughout the first 2 weeks there was another intern at the company. Throughout those two weeks the other intern mentored me and gave me adviceRead MoreInternship At Metropolitan State University Of Denver1521 Words   |  7 Pagessuch as clinicals, externships, internships, hands-on experience, and so forth, but these terms basically mean the same thing (Makely, 2013). Enrolled as a Health Care Management student at Metropolitan State University of Denver, one of the requirements is to complete a 150 hour internship that is related to health care management. The internship is an opportunity to apply knowledge and skills that I have acquired during the classroom and the online portion of my training, in an actual health careRead MoreMy Experience With My Hospital Internship937 Words   |  4 PagesMy hospital internship has significantly affected my growth as a person because it opened my eyes to what the medical field truly is. When I started my internship at Staten Island University Hospital I was sixteen years old. I didn’t really know what I wanted to do I life. I knew that I wanted to be someone who could help others. The first day of my internship I was really scarred I didn’t know what tasks I would be assigned but that didn’t stop me from being excited. When I arrived at the hospitalRead MoreCriminal Justice Internship At The Yale Child Abuse Programs1640 Words   |  7 PagesValentino). I completed my criminal justice internship at the Yale Child Abuse Programs Department of Pediatrics, in New Haven Connecticut. My internship with the Child Abuse Programs was such an eye opening experience. I not only got to learn about my field of study, but this internship has also aloud me to discover a lot about myself as a person as well. When I walked into the Yale building on my first day as an intern, I did not know what to expect, and I certainly had no idea that my time there wouldRead MoreProject Management Class, Effective Communication1280 Words   |  6 PagesBefore Construction Science students embark on their semester long internship, they are required to complete lower-level courses. This internship has applied to real-world situations the lessons we had learned in class. In my Estimating I and my Estimating II class we learned how to measure materials and price them. This was a skill that was applied all throughout my internship as mentioned in the past slides. Per my Project Management class, effective communication was taught. Since I am bilingual

Agriculture in Brazil Perils, Trials, and Economic Crisis Free Essays

This paper examined the historical and political rule of agricultural policy formulation in Brazil from 1964 to 1992. The article also centered on how trade, credit, and support-price policy evolved in response to economic crisis and democratization in the 1980s. The economic crisis caused the agricultural policy of Brazil to be redesigned with the change in political regime and with the institutions of interest-group representation that significantly influenced the direction of policy reform programs and assessments. We will write a custom essay sample on Agriculture in Brazil: Perils, Trials, and Economic Crisis or any similar topic only for you Order Now The return to a democratic regime of this nation permitted the local legislatures and the judiciary to take part in more significant agricultural policy rules. Simultaneously, the republic led to the questioning of other institutions and there was an emergence of more participatory organizations in the agricultural sector. These changes have caused policy making to become increasingly subject to explicit rules, which should lead to more predictable policies and a long-term reduction in discrimination against Brazilian agriculture (Helfand 1999). Brazil promoted agriculture and greatly achieved a rapid expansion in this sector, but its record on poverty was disappointing (Helfand 2001). One reason was that biases within the agricultural sector, notably in taxation and subsidized credit, favor large farmers and work to the disadvantage of labor. These biases interact with the highly inequitable initial land distribution to reduce the gains to the poor from growth. Brazil vividly demonstrates that promoting agriculture is not enough. Policies within the sector also matter. Brazil’s income tax greatly favors agriculture in relation to other sectors, but only the rich can reap the benefits. Through special provisions in the income tax code, corporations can exclude up to 80 percent of agricultural profits from their taxable income, and individuals can include 90 percent. Fixed investments can be fully depreciated in the first year and can even be depreciated two to six times over. This, together with high inflation, encourages corporations and the rich to over invest in land. The result has been the accumulation of large Agriculture in Brazil: Perils, Trials, and Economic Crisis Page 2 landholdings and increases in land prices that exceed growth in land productivity. The poor do not benefit from the tax breaks, since they pay no income tax, and they cannot afford to buy land. Many move to frontier areas in search of unclaimed land. A progressive land tax could offset the bias in the income tax. Brazil tried this but failed because of widespread evasion and many exceptions. One such exception, intended to encourage land use, reduces the tax by up to 90 percent if owners use the land to graze cattle. This promotes the conversion of forestland to uneconomic livestock ranching, reduces the demand for labor, and has harmful environment consequences (Grahan 1987). Agricultural credit has been exceptionally distorted in Brazil. Until recently, real interest rates on official credit were negative, and real interest rates on loans for agriculture were lower than in the nonagricultural sector (Grahan 1987). The difference in credit terms between sectors has been capitalized in the price of land. Although subsidies raise profits in agriculture, they have mainly benefited large farmers and have encouraged excessive mechanization, again reducing the demand for unskilled labor. Poor people who lack land titles have not benefited from credit subsidies. Agricultural policies in Brazil have reduced labor demand and have made it almost impossible for a poor person to buy land and become a farmer. Opportunities for unskilled workers to acquire skills by becoming long-term workers have been substantially reduced by subsidized mechanization (Helfand 1999). The years from 1947 to 1963 were generally called the import substitution period. The primary agricultural goal in the first period was to produce an adequate supply of reasonably priced food for urban wage earners. A secondary goal was to generate foreign exchange to finance the importation of industrial raw materials and capital goods. Agriculture was not considered a vital growth sector, but rather a reservoir for surplus labor not absorbed by rapid Agriculture in Brazil: Perils, Trials, and Economic Crisis Page 3 industrialization. From 1961 to 1963, food shortages, high food prices, and near hyper-inflation forced the government to give more attention to the agricultural sector. The inability to cope with these problems and concern over leftist politics resulted in the military-led revolution of 1964. The second period (1964 to present) is a phase of economic growth characterized by export expansion and diversification. The military governments after 164 advocated a completely different role for the agricultural sector. The relative backwardness of the sector was acknowledged, but the causes and cures were perceived quite differently. Farmers were believed to be responsive to prices and the distortions and disincentives created in the earlier period were gradually removed. New government investments and incentives emphasized modernization of agriculture (Truran 1977). Large quantities of subsidized credit were tied to the purchase of â€Å"modern† inputs such as improved seed, fertilizers, chemicals, and machinery (Grahan 1987). These inputs were made more easily available by exchange rate controls, overvalued exchange rates, tax exemptions, and direct government distribution. Low interest loans for operating costs and investment expenditure encouraged farmers to produce certain crops and livestock. Investments to improve marketing and transportation facilities were made, in part, to benefit the agricultural sector. Agricultural research and extension received more attention as the development and adaptation of technology became important in the face of stagnant yields (Truran 1977). Agricultural development in Brazil throughout its history has also been associated with the extension of its land frontier. After 1950, this process has been supplemented by some infrastructure development, undertaken by large farmers and private companies, who Agriculture in Brazil: Perils, Trials, and Economic Crisis Page 4 were heavily subsidized through negative interest rates, especially in the 1970s (Grahan 1987). How to cite Agriculture in Brazil: Perils, Trials, and Economic Crisis, Papers

Financial Decision Making For Creative Projects and Events

Question: Discuss about theFinancial Decision Making For Creative Projects and Events. Answer: SWOT Analysis of WDP The major strength area of the company included that it dealt with creativity, flexibility and provided the tailored solutions to the clients as and when they needed. They make economical use of the discarded and existing buildings to provide logistic solutions to the clients. Thus they make good use of the available resources and are often known as the warehouses with brains. It puts its focus on sustainable development and economical use. It makes sure that it is investing in highly economical sites depending on the demand of the client and has built its own data store[1]. It provides end to end services to the clients that focus on fast delivery, end to end customer support, giving feedbacks as and when required, tailoring the resources to suit the demand of the client and all of these must be backed by fair amount of research and evaluation. The major weakness of the company includes that there was a lack of a strong financial base for the company and that affected it growth prospects and also affected the overall rate of investments that the company received from proficient investors and clients. To solve the same the company was looking towards launching the SEO prospects that will help them in solving the issues in their financial prospects and help them attract better finances that will support their overall growth and development[2]. The new SEO prospects that the company was considering will bring a change in the present financial system of the company and will also help in improving the stand of the investors of the company. Thus this will improve the position of the company and open new avenues for the company. The company also has other opportunities like improvement in the customer standing, better services to be provided. Changes in the government policies and trade practices will open new avenues for the company. The few threat elements that the company is facing are competition from the other real estate companies that are also operating in the same line of business. The company will also face issue if there are changes in the overall trade practices[3]. Also the present uncertainties in the financial markets and the presence of the Brexit may add up to the tension and effect the overall position of the company. Given the present financial structure of the company, if the SEO prospects work accordingly, then issuing the new shares will be beneficial for the company, but the company needs to keep in mind that the existing shareholders of the company exercise their priority rights accordingly and that will then make the price of the new shares equivalent to the existing prices and that will attract new investors. The company must also keep in mind that it is earning effective amount of revenue so that new investors can be paid decent amount of dividend. The trade policies and the government regulations and the state of the financial structure must be considered before issuing new shares[4]. If all the factors are favorable then that will help the company in improving their capital base if new shares are issued accordingly. The company management came up with an unique idea for solving its present deficiency in the financial structure, the SEO proposal was a unique solution in which the company was offering 2369560 shares, as per which they were creating one extra share for every eight share that was outstanding on part of the company. On the SEO offer price that will be determined only institutional investors will be allowed to participate and that will be known as accelerated book building. But the final allocation of these shares will be subject to the priority allocation that will be done to the existing shareholders. The main advantage of these proposals for the company will be that there is a very fast execution and that is better than the traditional right issue of shares. It will help to restrict the exposure of the firm to fluctuating market conditions, and is also cheap in respect of the cost incurred and the total time required for the process is also very less. There is no need to engage in hard assignments and that will help the company in saving the overall cost and also reduce the risk elements[5]. These are the advantageous of the proposed strategy of the company. The cons that are attached with the new proposal is that it is restricted to the rights exercised by the existing shareholders and there were many issues in finalizing the proposed system for the company. The overall financials of the company were at stake and the company needed to look for the present market conditions in order to make the issue of the new shares public[6]. The main disadvantage in relation to the traditional system is that the risk element is very high for the company and if unsuccessful it might affect the overall position of the existing shareholders of the company. The main reasons for this proposal were that the company wanted a change in its existing policy of dividend distribution and also wanted to improve its stand in respect of the same. The CEO must recommend the new strategy to the board because the pros outweigh the cons and if the proposal is successful it will be beneficial for the company in many ways and thus taking such small amount of risk at some place will not hamper the company much[7]. And also it can be seen that there is a stagnancy in the present position of the company and it is important that changes must be there to make sure that the company is growing in the times to come. Valution of the share price of the company using the multiple valuation model. The basic formula that can be applied in the use of various multiples like p.e ratio, book value ratio. Because of lack of information all ratios cannot be used. The only formula that can be applied is Book value per share 41.94 Earning per share is 7.85 Total EBDITA is 119,531,000 Therefore total number of shares- 119531000/41.94 = 2850048 Total value will be 2850048*7.85 = 2237284 The valuation of the shares using the dividend discount model Profit for this year = 2016 = 71384*4/3 = 95178.67 Dividend to be paid = 95178.67*0.80 = 76142.93 Earning left = 95178.67-76142.93 = 19035.73 Growth rate is 25 percent = 19035.73*1.25 = 23794.67 Discounting rate is 10 percent, therefore value of the shares will be 23794.67/0.10 = 237946.7 Note : All the above figures that have been calculated as per the models are in thousand euro multiples. The value of the shares at the time of SEO was 1.62 billion euros, which is less then the value that is calculated as per the above valuation models. Thus the stock is undervalued. References Alexander, F. (2016). The Changing Face of Accountability. The Journal of Higher Education, 71(4), 411-431. Bromwich, M., Scapens, R. (2016). Management Accounting Research: 25 years on. Management Accounting Research, 31, 1-9. Drew, J. (2017). IASB proposes changes around accounting policies and estimates. Journal Of Accountancy. Elimam, H. (2017). The Role of Small Businesses (Small Scale Economic Projects) in Alleviating the Acuity of Unemployment. International Business Research, 10(3). Laursen, G., Thorlund, J. (2016). Business Analytics for Managers: Taking Business Intelligence Beyond Reporting (Second ed.). CANADA: Wiley Publisher. Mayntz, R. (2017). Networked Governance. Springer. Visinescu, L., Jones, M., Sidorova, A. (2017). Improving Decision Quality: The Role of Business Intelligence. Journal of Computer Information Systems, 57(1), 58-66.

Financial Decision Making For Creative Projects and Events

Question: Discuss about theFinancial Decision Making For Creative Projects and Events. Answer: SWOT Analysis of WDP The major strength area of the company included that it dealt with creativity, flexibility and provided the tailored solutions to the clients as and when they needed. They make economical use of the discarded and existing buildings to provide logistic solutions to the clients. Thus they make good use of the available resources and are often known as the warehouses with brains. It puts its focus on sustainable development and economical use. It makes sure that it is investing in highly economical sites depending on the demand of the client and has built its own data store[1]. It provides end to end services to the clients that focus on fast delivery, end to end customer support, giving feedbacks as and when required, tailoring the resources to suit the demand of the client and all of these must be backed by fair amount of research and evaluation. The major weakness of the company includes that there was a lack of a strong financial base for the company and that affected it growth prospects and also affected the overall rate of investments that the company received from proficient investors and clients. To solve the same the company was looking towards launching the SEO prospects that will help them in solving the issues in their financial prospects and help them attract better finances that will support their overall growth and development[2]. The new SEO prospects that the company was considering will bring a change in the present financial system of the company and will also help in improving the stand of the investors of the company. Thus this will improve the position of the company and open new avenues for the company. The company also has other opportunities like improvement in the customer standing, better services to be provided. Changes in the government policies and trade practices will open new avenues for the company. The few threat elements that the company is facing are competition from the other real estate companies that are also operating in the same line of business. The company will also face issue if there are changes in the overall trade practices[3]. Also the present uncertainties in the financial markets and the presence of the Brexit may add up to the tension and effect the overall position of the company. Given the present financial structure of the company, if the SEO prospects work accordingly, then issuing the new shares will be beneficial for the company, but the company needs to keep in mind that the existing shareholders of the company exercise their priority rights accordingly and that will then make the price of the new shares equivalent to the existing prices and that will attract new investors. The company must also keep in mind that it is earning effective amount of revenue so that new investors can be paid decent amount of dividend. The trade policies and the government regulations and the state of the financial structure must be considered before issuing new shares[4]. If all the factors are favorable then that will help the company in improving their capital base if new shares are issued accordingly. The company management came up with an unique idea for solving its present deficiency in the financial structure, the SEO proposal was a unique solution in which the company was offering 2369560 shares, as per which they were creating one extra share for every eight share that was outstanding on part of the company. On the SEO offer price that will be determined only institutional investors will be allowed to participate and that will be known as accelerated book building. But the final allocation of these shares will be subject to the priority allocation that will be done to the existing shareholders. The main advantage of these proposals for the company will be that there is a very fast execution and that is better than the traditional right issue of shares. It will help to restrict the exposure of the firm to fluctuating market conditions, and is also cheap in respect of the cost incurred and the total time required for the process is also very less. There is no need to engage in hard assignments and that will help the company in saving the overall cost and also reduce the risk elements[5]. These are the advantageous of the proposed strategy of the company. The cons that are attached with the new proposal is that it is restricted to the rights exercised by the existing shareholders and there were many issues in finalizing the proposed system for the company. The overall financials of the company were at stake and the company needed to look for the present market conditions in order to make the issue of the new shares public[6]. The main disadvantage in relation to the traditional system is that the risk element is very high for the company and if unsuccessful it might affect the overall position of the existing shareholders of the company. The main reasons for this proposal were that the company wanted a change in its existing policy of dividend distribution and also wanted to improve its stand in respect of the same. The CEO must recommend the new strategy to the board because the pros outweigh the cons and if the proposal is successful it will be beneficial for the company in many ways and thus taking such small amount of risk at some place will not hamper the company much[7]. And also it can be seen that there is a stagnancy in the present position of the company and it is important that changes must be there to make sure that the company is growing in the times to come. Valution of the share price of the company using the multiple valuation model. The basic formula that can be applied in the use of various multiples like p.e ratio, book value ratio. Because of lack of information all ratios cannot be used. The only formula that can be applied is Book value per share 41.94 Earning per share is 7.85 Total EBDITA is 119,531,000 Therefore total number of shares- 119531000/41.94 = 2850048 Total value will be 2850048*7.85 = 2237284 The valuation of the shares using the dividend discount model Profit for this year = 2016 = 71384*4/3 = 95178.67 Dividend to be paid = 95178.67*0.80 = 76142.93 Earning left = 95178.67-76142.93 = 19035.73 Growth rate is 25 percent = 19035.73*1.25 = 23794.67 Discounting rate is 10 percent, therefore value of the shares will be 23794.67/0.10 = 237946.7 Note : All the above figures that have been calculated as per the models are in thousand euro multiples. The value of the shares at the time of SEO was 1.62 billion euros, which is less then the value that is calculated as per the above valuation models. Thus the stock is undervalued. References Alexander, F. (2016). The Changing Face of Accountability. The Journal of Higher Education, 71(4), 411-431. Bromwich, M., Scapens, R. (2016). Management Accounting Research: 25 years on. Management Accounting Research, 31, 1-9. Drew, J. (2017). IASB proposes changes around accounting policies and estimates. Journal Of Accountancy. Elimam, H. (2017). The Role of Small Businesses (Small Scale Economic Projects) in Alleviating the Acuity of Unemployment. International Business Research, 10(3). Laursen, G., Thorlund, J. (2016). Business Analytics for Managers: Taking Business Intelligence Beyond Reporting (Second ed.). CANADA: Wiley Publisher. Mayntz, R. (2017). Networked Governance. Springer. Visinescu, L., Jones, M., Sidorova, A. (2017). Improving Decision Quality: The Role of Business Intelligence. Journal of Computer Information Systems, 57(1), 58-66.