Thus, in the remainder of this article we seek to identify commonly shared methods and techniques that provide enough flexibility to enable calculations of a wide range of the RCFC in Japan and in the United States.
Because the aim of this article is to calculate a wide range of point estimates of the RCFC, two market expectation assumptions were considered.
Referring to the previous discussion of the ranges of the general results, we can now see that the largest difference in the RCFC occurs when: (1) the earnings/share price ratio is not adjusted for anticipated earnings growth; (2) no French and Poterba (1990) adjustment is made to the Japanese share price/earnings ratio; (3) the rational expectations assumption is used to generate expected inflation; and (4) the French and Poterba weights are employed.
But it is noteworthy that taxes increase the RCFC substantially in both the U.
In spite of these words of caution, perhaps it would be instructive to go one step further and contemplate how these national tax rates would alter the relative RCFC comparisons presented in Tables 1-4.
In addition, a number of agreements on cooperation between the participating banks of the RCFC were signed.
We highly value the achievements of the RCFC in less than a year the council has created an efficient system of cooperation between Russian and leading Chinese regional financial institutions.
During the meeting of the RCFC, Sberbank signed the following agreements:
17 Russian and 18 Chinese banks, investment companies, and funds joined the RCFC when it was established (currently there are more than 50 members of the council).
DTAG), the sponsor and servicer of 2007-1, in which an individual who served as an independent director for other finance subsidiaries of DTAG, is now eligible to become an independent director for RCFC.
Fitch currently rates RCFC Series 2007-1 as follows:
permit from RCFC
and any other required permit from other agencies having jurisdiction