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On December 7, 1853, Spanish Governor General Antonio de Urbiztondo ordered the establishment of prepaid postage for all mail, beginning 1 February 1854. The first stamps were issued that day in four denominations: the 5 quartos, the 10 quartos, the 1 real, and the 2 reales. These stamps depicted a profile of an effigy of Spanish Queen Isabela II.
The first Belgian stamp, known as "Epaulettes", issued in 1849. Belgium began using national postage stamps on 8 July 1849, [1] when two imperforate stamps, a 10c. brown and 20c. blue, collectively known as Epaulettes, were introduced. A few months later a 40c. red stamp with a new design was issued, for postage to foreign destinations.
The Maldives is the smallest country in Asia. Including the sea, the territory spans roughly 90,000 square kilometres (35,000 sq mi), with a land area of 298 square kilometres (115 sq mi). The Maldives is one of the world's most geographically dispersed sovereign states, and the smallest Muslim-majority country by land area.
Mathematics – Poker: The odds of being dealt a royal flush in poker are 649,739 to 1 against, for a probability of 1.5 × 10 −6 (0.000 15%). Mathematics – Poker: The odds of being dealt a straight flush (other than a royal flush) in poker are 72,192 to 1 against, for a probability of 1.4 × 10 −5 (0.0014%).
Consider a 30-year zero-coupon bond with a face value of $100. If the bond is priced at an annual YTM of 10%, it will cost $5.73 today (the present value of this cash flow, 100/(1.1) 30 = 5.73). Over the coming 30 years, the price will advance to $100, and the annualized return will be 10%.
The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by ...
An estimated 85–90% are identified as Muslim, 10–15% as Coptic Christians, and 1% as other Christian denominations; other estimates place the Christian population as high as 15–20%. [d] Egypt was an early and leading center of Christianity into late antiquity ; the Coptic Orthodox Church of Alexandria was founded in the first century and ...
Weighted average cost of capital equation: WACC= (W d)[(K d)(1-t)]+ (W pf)(K pf)+ (W ce)(K ce) Cost of new equity should be the adjusted cost for any underwriting fees termed flotation costs (F): K e = D 1 /P 0 (1-F) + g; where F = flotation costs, D 1 is dividends, P 0 is price of the stock, and g is the growth rate. There are 3 ways of ...
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