what duration? Modified duration of zeros does not always equal to its maturity.

Macaulay duration of zeros is simply weighted average of timing of cash flow and since cash flow is only received once at maturity, then it must be the case that Mac duration of zeros equal to Maturity.

.

odum desmond: If you are intelligent enough, you would discover that that purported letter could not have emanated from a man in solitary confinement that claims he has been confined to darkness and no form of contact to the world outside his prison cell. How did he know what transpires outside, how come he was even quoting people verbatim? Did you not notice he was distorting facts?did you also notice has was stating events a man in solitary confinements couldn't ve been aware of, giving accurate names, time, date and events. Who told him Dasuki is now NSA? Did he attend same secondary school with Cardinal John Onayikan? Where? I know whereas Onayikan schooled at Kabba in Kogi state, Charles and Henry his brother couldn't have also schooled there, between him and Henry who is older? The letter claims Henry is his younger brother, but we all know that is white lie. Its only a low brain that will accept that crap of a letter hook line n sinker!

You are too dumb for your own age. A letter does not have to be written by someone in his own writing before it is termed his letter. A letter could be written by someone whom you've given instructions to, this may include family members, your lawyer or your friends who you trust to divulge the information you've provided them regarding your experience without twisting facts. Those who have elderly Uncles can tell you a bit about writing a letter for someone who couldn't do it by themselves.

The fact that you chose to dwell on where the letter was written rather than it's content immediately shows you aren't someone to be taken seriously
Ignoring the truth for political gains marks you as one of the worst people this country can ever produce. I don't honestly see how you are much different from the same people dragging this country through dearth of shame. By your own suggestions, this man must be lying about the torture he is currently being subjected to by the hands of the federal government even though he mentioned that he welcomes a fact finding visit?...Do people normally lie about being tortured? Has this man been found guilty of an offense? If No, why is he still being kept in a solitary confinement?

seanet01: Oxford graduate, can you tell us how to use "standstill"?
Some of you people just feel like you are the only one that have the chance to see the four walls of a school.
As for Israel sinking the whole middle east, tell them to go ahead, pakistan, china, russia and india will just look the other way. You are dumb.

Not surprised you don't understand what the words "Technically speaking" meant. And you would actually have us believe you saw the four walls of a school, well perhaps you are counting your local primary school education? Technically speaking does not mean they will do it, dumb-as..ss. It meant, their nuclear arsenal is big enough. Big enough to an extent where the entire middle east could get sunk.

Also, given Israel have these things hoisted on submarines, and i will bet each one pointed towards a Muslim country, they do own the capacity to conduct the deadliest nuclear attacks not seen since Hiroshima.

I also get that you may not understand how to use the words "Standstill". You haven't fought someone to a standstill when you've agreed to an unconditional ceasefire while the other party is bent on seeing certain conditions being met before they stop whooping your arze. If Israel were to really descend it's fury on Lebanon, not much of Lebanon will be left. Learn some history before you foam in the mouth about the things you have absolutely no idea on. I'd bet a few years down the line, a few of you bad history teachers would have posterity believe Hamas fought Israel to a standstill in year 2012.

pretty_boi:
Bro pls stop being led astray or deceived by hollywood. Find out & research for yourself the military capabilities & will of Iran.

seanet01: Israel can easily take out wetin? The same Israel that guerilla force fought to a standstill in Lebanon? You are a joke.

What military capacity does Iran have when Israel has the ability to inflict 10 times the effect of Hiroshima with over 200 nuclear bombs, 85 of which are mounted on submarines and the rest on Jericho ICBMs? Technically speaking, Israel can sink the entire middle east in a single night if it wishes to.

And someone who spoke of "Fighting to a standstill" does not seem to understanding what standstill means or how it could be used.

It seems there's a lot of medical students on this thread, where are the other guys?

aurenflani:

Yes especially that you are beginning to fetch your armour. Nonsense, Israel or America can do nothing of that sort but only hide behind UN to force other countries through threat and blackmail to freeze doing business with Iran. Militarily, they have very scanty chance with Iran, because they can't bring the govt in Tehran down on account. Besides, the Americans fear Tehran's retaliatory will and power. Ask Hillary.

This is plain Silly.

Militarily, America, more than any single point in its 236 years history, is at its highest pinnacle of war fighting capacities.

Comparing Iran who owns a couple of gun boats is just plain silly! US not striking Iran is due to Iran's strategic location along the straights of Homus where a huge percentage of the world's supply of oil passes through. Certainly nothing to do with Iran's military ability, which even Israel can easily take out.

The UK is increasingly becoming a no-go area given the current pungent visa restrictions. The US may eventually serve you better in the longer term, but then a lot depends on what you intend to do afterwards.

Here's how we stand with nominations as at Day 8:

Outstanding Posters:

LAGUSTA
GODSTINO
richiez
Jossy4love
Avast
Yakeeboy
Preserver
Mathew59
Abayomi
zezeny

Tinabab: hmmmmmmm,i nominate mayorall.....infact he really tried and he is still tryin...i mean his best

Teenage Money: I nominate Nkonadi. He is a good guy and has helped me in this section

Sorry guys, the rules are the rules. Once a member has been banned in the same period as the award nominations, he or she will not be considered eligible to hold the tittle of the most outstanding poster of the year.

Let's get more nominations going guys. The deadline for nominations is far approaching before the main and the bloodiest battle for actual votes begin.

Baby mama: The man is so annoying
Gosh!
There is no woman on earth that can be as irritating as this complainy whiny man
That poor woman must have suffered if this is what she has to deal with

Men prefer women who will make their dycks harder, not their lives.

patoski96: Doing a business with un-progressive result year in year out,Get off from that mindset,Why do you think Nigerian Government keeps calling (Ngozi Okonjo) cos they know she's got contact and experience to champion the Economic decision-making of this country, If I know that a cambrigde grad is exposed well enough to have worked in the place you mentioned and hv a blue print to increase My company's financial status positively then why would I settle for less ? What we are discussing here is an IT firm(don't want to mention name) with a capacity to do more than a mere 50k salary

You are missing the point.

Simple economical reasoning gives that your total revenue is maximized at the point where your marginal revenue from an input equals your marginal cost of the input. If the extra benefits you can obtain in all possible scenarios, from hiring a Cambridge grad does not in the very least equal to the extra cost to you, then proceeding to hire that extra worker will only guarantee you economic losses. Why should you pay a premium for someone who is only going to be able to deliver the same output as someone else in which case the differences between both workers exist only in terms of the Universities attended by each individual?

If you have three secretaries already, would you pay 5 times as much for another secretary simply because he or she had a Phd from MIT?

2pence: Its an IT firm based in Lagos and the contract after probations states that the salary will be increased to 80 thousand Naira for an executive Manager

The point is I think Most employers of labour in this Country really don't value CV's or should I say frustrate folks with overseas qualifications WHY ?

Let's say you are an employer of labour and on average, you make a tidy profit of 1 million a month. let's say I'm a Cambridge grad with experience at the world bank. Assume you have a position in your company for which a local hire would be very willing to accept a salary of 60k and your profits will not increase significantly regardless who does the job. How much would you be willing to pay me, a Cambridge grad in the place of a Unilag grad to do the same job?

good one chaps. lets have more nominations coming.

So far we have two nominations going....

LAGUSTA

GODSTINO

more nominations are welcome and please be as civic as possible.

let's get this rolling peeps!

If you think someone has done a great job on this section or if there is someone whose contribution you've found very useful, then this is an opportunity to reward those outstanding efforts. This is likely to be very competitive, so if you are one of the nominees, you need to garner as much support as possible to win.

6 Churches/Mosques-From catholic to Methodist, pencostal to Anglican, Baptist to the nearest mosque, police and SSS operatives in Lagos have been ordered to ensure that no Boko Haram fellows come near. I do not want to mention names here, but I do know that some churches, especially in Lagos are hiring private security guards, OPC members or police to protect them physically during Sunday services.

So Churches now hire OPC members to use Juju for protection....how hilarious! I wonder what is then being preached in those churches?


..

shadrach77: The way i see it, it's like killing a fly with a sledge hammer. They have ruined the girl's life

Exactly what I'm thinking.

In a world where events can stay on Google forever, i wonder what future employers will be happy to offer a job to someone who couldn't listen to their parents.

^^^

And Israel is still not the terrorist?

of course not!...Hamas, those bloody rascalats, shooting home made pipes at the Jewish states are the terrorists,they and their children deserve to be killed in their thousands because they dared put up a fight.

A list of UN Resolutions against "Israel" 1955-1992: *

Resolution 106: .......condemns Israel for Gaza raid
Resolution 111: ....condemns Israel for raid on Syria that killed fifty-six people".
Resolution 127: .....recommends' Israel suspends it's 'no-man's zone' in Jerusalem".
Resolution 162: . . . urges Israel to comply with UN decisions
Resolution 171:. . . determines flagrant violations' by Israel in its attack on Syria".
Resolution 228:. . . 'censures' Israel for its attack on Samu in the West Bank, then under Jordanian control". *
Resolution 237:. . . 'urges' Israel to allow return of new 1967 Palestinian refugees".
Resolution 248: " . . . 'condemns' Israel for its massive attack on Karameh in Jordan". *
Resolution 250: " . . . 'calls' on Israel to refrain from holding military parade in Jerusalem". *
Resolution 251: " . . . 'deeply deplores' Israeli military parade in Jerusalem in defiance of Resolution 250". *
Resolution 252: " . . . 'declares invalid' Israel's acts to unify Jerusalem as Jewish capital". *
Resolution 256: " . . . 'condemns' Israeli raids on Jordan as 'flagrant violation". *
Resolution 259: " . . . 'deplores' Israel's refusal to accept UN mission to probe occupation". *
Resolution 262: " . . . 'condemns' Israel for attack on Beirut airport". *
Resolution 265: " . . . 'condemns' Israel for air attacks for Salt in Jordan".
Resolution 267: " . . . 'censures' Israel for administrative acts to change the status of Jerusalem". *
Resolution 270: " . . . 'condemns' Israel for air attacks on villages in southern Lebanon". *
Resolution 271: " . . . 'condemns' Israel's failure to obey UN resolutions on Jerusalem". *
Resolution 279: " . . . 'demands' withdrawal of Israeli forces from Lebanon".
Resolution 280: " . . . 'condemns' Israeli's attacks against Lebanon". *
Resolution 285: " . . . 'demands' immediate Israeli withdrawal form Lebanon".
Resolution 298: " . . . 'deplores' Israel's changing of the status of Jerusalem".
Resolution 313: " . . . 'demands' that Israel stop attacks against Lebanon".
Resolution 316: " . . . 'condemns' Israel for repeated attacks on Lebanon".
Resolution 317: " . . . 'deplores' Israel's refusal to release Arabs abducted in Lebanon". *
Resolution 332: " . . . 'condemns' Israel's repeated attacks against Lebanon".
Resolution 337: " . . . 'condemns' Israel for violating Lebanon's sovereignty".
Resolution 347: " . . . 'condemns' Israeli attacks on Lebanon". *
Resolution 425: " . . . 'calls' on Israel to withdraw its forces from Lebanon".
Resolution 427: " . . . 'calls' on Israel to complete its withdrawal from Lebanon.
Resolution 444: " . . . 'deplores' Israel's lack of cooperation with UN peacekeeping forces". *
Resolution 446: " . . . 'determines' that Israeli settlements are a 'serious obstruction' to peace and calls on Israel to abide by the Fourth Geneva Convention".
Resolution 450: " . . . 'calls' on Israel to stop attacking Lebanon". *
Resolution 452: " . . . 'calls' on Israel to cease building settlements in occupied territories". *
Resolution 465: " . . . 'deplores' Israel's settlements and asks all member states not to assist Israel's settlement

all4naija: It simply means you have a poor explanatory ability, if you can't explain your comment!

My comment was explanatory enough. The contents require no further diminishing.

all4naija: Did you know such action was taken in the past only for the militant groups to use it as a means to bring in weapons for attacking Israel?

I quite agree there is human crises in Gaza that need attention and Israelis ease on it occupation policy, but the Hamas and the other violent people in the Palestinian midst are not helping issues

This is simply an issue of trust to both sides. Both sides bear responsibilities, but i will argue that given Israel's military backbone, its well funded structure and it's position to negotiate terms, it bears more responsibility in that region than Hamas does. Israel has however shown it can't be trusted which makes things a lot more complicated. Time and over again, it has promised to live up to its responsibility only to astound everyone and the international community with an announcement of construction of new settlements.

Before Hamas leader was killed which resulted into the conflict, he had received the draft of a permanent truce agreement with Israel, which included mechanisms for maintaining the cease-fire in the case of a flare-up between Israel and the factions in the Gaza Strip....and then he got struck by an Israeli missile?

and then everyone wanted Hamas to keep quite about that? What would Israel have done if Barak was struck by an Iranian Missile? Obviously, everyone will blame the Iranians and would support Israel for fighting back......but when Israel kills a Hamas leader, everyone expected Hamas to keep quite and simply take it in the azz....and that is not double standards?

all4naija: Okay English master! Prove what you mean by that?

I should prove what i meant by that? If you needed English lessons, you should buy yourself a copy of Brighter Grammer grade 1. Surely it can be my responsibility to make you understand the things i write.

all4naija: Nonsense! As if I am not aware of that.

Maybe you can drawn yourself in this too :www.mythsandfacts.org/conflict/10/resolution-181.pdf

Coming from you? and you dared ask for an independent unbiased source? You would have done better to provide me with a document from Bibi on why Israel's occupation can be considered legal.

Shior!

dayokanu:

You quoted a law and I asked you which event preceded the other the 1967 law or the "occupation of Palestinian lands"

The Occupation proceeded the resolution. The resolution was set in to resolve the Occupation.

all4naija: Dude, buzz off and stop being sentimental about this issue. Did PLO opted out of the first resolution or not? Yet you didn't present that in your alluded comment before claiming Palestinians are innocent(to so extent) all rather your tantamount violent Hamas group as the representation of the Palestinian people. It only speaks of your Topsy-turvy approach and comments

The point i was making was simple and straight forward. Israel has an obligation to stop the occupation of lands belonging to the Palestinians and allow them to make their own choices with due regards to their Human rights. More than 40 years after, Israel despite agreeing to these resolution has refused to meets its international obligation and the people of Palestinians have continued to live their lives in despair and oppression while being simultaneously denied Justice and labelled terrorists.

The fact that PLO opted out then opted in to the agreement is non issue and completely missed the point.

all4naija: I remove the liar for some reason it is not appropriate if not you are biased!

For saying Israel have been the victim only proved your myopic view!

It's either you are smoking something dangerous to your health or English isn't your forte.

Point to me where i clearly said Israel has been the victim!

all4naija: Your source is according to PLO presentation at the UN. I want an independent valid source with proof of how Israel fails to abide by the 242 UN Security Council Resolution!

drown yourself in a document filed below

http://www.un.org/ga/president/63/statements/annex1.pdf

don't ever ever in your life call me a liar, if you have absolutely nothing constructive to say, please ignore my post!

all4naija: Palestinians Liberation Organization opted out in that resolution in 1968 and return again in 1993(like child's play).

On 1 May 1968, Israeli ambassador to the UN expressed Israel's position to the Security Council: "My government has indicated its acceptance of the Security Council resolution for the promotion of agreement on the establishment of a just and lasting peace. I am also authorized to reaffirm that we are willing to seek agreement with each Arab State on all matters included in that resolution."
In a statement to the General Assembly on 15 October 1968, the PLO rejected Resolution 242, saying "the implementation of said resolution will lead to the loss of every hope for the establishment of peace and security in Palestine and the Middle East region."




In September 1993, the PLO agreed that Resolutions 242 and 338 should be the basis for negotiations with Israel when it signed the Declaration of Principles.



Link and also your quoted source: http://en.wikipedia.org/wiki/United_Nations_Security_Council_Resolution_242

Calling me a liar is very foolish of you. I have no time for time wasters. Did you develop cataracts while reading the last line of your post? It should have been very obvious by now that i don't debate people of low mind, if you can't say something intelligent, then kindly piss off!

all4naija: Israel is not a signatory to that, I guess! And, it was 1967 after the border treaty of 1965. It is hard to see how this will have effect in many of the territories occupied before that act!

can you give us reliable source,please!

Israel cannot simply choose to be a signatory to what it pleases. There are international obligations it must fulfill. What sort of world do we live in where Israel is being allowed to operate by a different set of rules where it can simply choose what it wants to be signatory to regardless of the fact that other's country's choices are involved?



Here's a document presented to the United Nations since you wanted source. Happy reading

http://unispal.un.org/UNISPAL.NSF/0/6B939C57EA9EF32785256F33006B9F8D

all4naija: Lol... What are we to say of the remaining 56 seats? By asking me what it takes to represent Palestinian people only point to you merely retreating to defense. I think it takes the voices of the people to be represented. Indeed, Hamas only created scenario for more death of innocent people without coming up with any formidable solution. Such leadership is deem to failure and the group have never shown anything meaningful than violence.

My question was framed as a rhetorical question. 76 out of 132 seats is a majority, you can't simple ignore that!

Many countries branded Hamas a terrorist organization....except Russia, Norway, Turkey, China and majority of Egyptians. Surely, the West must know something others don't?.....except of course, the other choice will be they are doing it to keep Israel happy? Why has the West not branded Boko Haram a terrorist organisation? LOL....answer?

dayokanu: When was the law put in place?

When did israel annex Palestinian land?

Which even happened first?

What happened to the Gaza given back to Palestine in 2005

Security Council resolution 242 was set up to find a lasting peace to the Israel-Arab wars. And it specifically requires two basic principles of Israel:

(i) Withdrawal of Israel armed forces from territories occupied in the recent conflict;

(ii) Termination of all claims or states of belligerency and respect for and acknowledgment of the sovereignty, territorial integrity and political independence of every State in the area and their right to live in peace within secure and recognized boundaries free from threats or acts of force.

Russia and many other countries have made several moves to make these resolutions enforceable....all of which were blocked by the United States of course.

One wonders why, despite all of this, Israel is still being considered the victim...and the real victims, terrorists?

dayokanu:

Which land was taken away from them? Gaza was given back in 2005 to them and what did it turn into? A launch pad for hamas rockets

When you fight wars and lose, Such loses have consequences, and one of the consequences of losing a war is losing your territories also. Germany and Italy lost all their colonies after they lost the World war

Wars are not fought based on the same principles that existed in 1808.

U.N. Security Council adopted resolution 242 of 22 November 1967 which emphasized the international law principle of "the inadmissibility of the acquisition of territory by war" and the prohibition of the transfer of civilians of the occupying Power to the occupied territory.

This sort of resolution was adopted to to prevent expansionism and the colonization of occupied territories. Both principles also complement another explicit principle of international law, namely the right of peoples to self-determination, a right that a colonial or occupying Power is obliged to respect.

If all these sorts of principles are not in place, then several countries with sound military would be seen annexing other countries and exploiting their wealth under the guise of provocative wars. Peharps without this in place, some western country may have found the need to attack Nigeria and annex the entire delta region.

What makes the Israeli occupation illegal is that it has existed for 35 years, during which time it transformed into a form of colonialism and suppressed and oppressed an entire people for decades, preventing them from the exercise of their right to self-determination and the establishment of their State, Palestine.


Israel is only getting away with all of this because the United States says it can. And when the Palestinians put up the slightest fight to get their lands back, everyone calls them terrorists......why can't Israel be seen as the terrorist?