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Example of A Descriptive Essay
Example of A Descriptive Essay
Writing an essay on the topic "Example of a Descriptive Essay" may initially seem straightforward,
but it poses its own set of challenges. The difficulty lies in striking the right balance between vivid
descriptions and maintaining a coherent structure. Descriptive essays require a keen attention to
detail, compelling language, and a creative approach to convey the essence of the chosen subject.
One challenge is selecting an appropriate subject that allows for rich descriptions. It's crucial to
choose something that offers ample opportunities to explore sensory details and evoke emotions.
Finding the right words to paint a vivid picture for the reader while avoiding clichés and generic
language can be a delicate task.
Structuring the essay poses another hurdle. Descriptive essays often follow a chronological or
spatial organization, and creating a seamless flow between different descriptive elements can be
challenging. Ensuring that the descriptions contribute to an overall theme or impression requires
thoughtful planning and careful consideration of the essay's purpose.
Moreover, maintaining the reader's engagement throughout the essay is essential. Balancing detailed
descriptions with a clear and compelling narrative without overwhelming the reader can be
demanding. The challenge is to create an immersive experience without losing sight of the essay's
coherence and purpose.
In conclusion, crafting an essay on the topic "Example of a Descriptive Essay" demands a careful
interplay of creativity, organization, and linguistic precision. It's about more than just describing; it's
about creating an emotional connection between the reader and the subject. While it may present
difficulties, overcoming these challenges can lead to a rewarding and impactful piece of writing.
For assistance with similar essays and more, a valuable resource is HelpWriting.net , where you
can find professional help to guide you through the intricacies of essay writing.
In the second half of 2007, the banking industry and financial market showed signs of
considerable stress by raising the default rate of mortgage and the decline in the value of
residential mortgage backed securities. This had led to a re pricing of many debt
instruments. By the end of 2007, Citigroup declared that the fair value of its U.S. sub
prime related direct exposure could decline by 20%. This affected Citigroup s financial
results and would incur further losses in the future.
One of Citigroup s main concerns was the risk of their exposure from holding leveraged
loans. Due to the increasing risks and ... Show more content on Helpwriting.net ...
Therefore, it is reasonable that prices will recover, which, in the long run, would benefit
Blackstone.
Citigroup s leveraged loan exposure is composed of two main risks. First, holding these
leveraged loans could be costly from a regulatory capital perspective because they hold a
100 percent risk weight. Citigroup would need $80 million of capital for every billion
dollars of leverage loan. By selling these leveraged loans, Citigroup would reduce capital
requirement. Second, a decline in the leveraged loan index (LCDX) value from 97 cents
on the dollar to 92 cents on the dollar posed a $1.5 billion loss on its leveraged loan
portfolio for the fiscal year ending on December 31, 2007.
Furthermore, Citibank did not intend to hold theses loans. Like many others, Citigroup
had suffered unprecedented losses and was facing the prospect of having even more
considerable losses. By selling these loans, the bank s image was greatly improved.
3. Assess the purchase price using information on CDS spreads
A) Using historical recovery rates, what is the implied probability of default? What is the
implied IRR?
The CDC spreads for six of the senior notes are given in exhibit 7 and they are 984.6 for
Alltel, 893.75 for First Data, 1147.35 for Harrah s, 3434.03 for Tribune and