What is the mission andor vision of BMO Harriis bankSolution.pdf

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What is the difference between a secured bond and a debenture bond? Respond using at least one internet resource. Explain why a bond may sell at a premium. Solution The bonds are secured by the collateral assets i.e. the assets are pledged as security that if the company fails to pay the principle and the interest on the bond within stipulated time, the holders could discharge their debts by seizing and selling the company\'s pledged assets. The debentures are the debt security issued by a company which is not secured by any specified assets, but it denotes a general credit of the company. A bond can be sold at a premium when it offers a coupon rate that is higher than prevailing market interest rates. Therefore, the investors would pay more for the bonds if they are provided with a higher yield on the said bond. ===================================.

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What is the mission and/or vision of BMO Harriis bank?
Solution
Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO)
since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest
serving personal, commercial and affluent customers
They focus on building relationships with a vision to be the bank that defines great customer
experience — building that reputation with new customers and deepening it with existing
customers. They are building their presence and making it easier for customers to do business
with them through an integrated network of branches, mobile banking, online banking and
ATMs, along with the expertise of our mortgage specialists, commercial bankers and financial
planners. Their goal in everything they do is to help their customers make sense of complexity,
make better choices in investing, saving and borrowing and have confidence. They help their
customers make money make sense by delivering the broadest range of financial services. And,
they have a deep commitment to the communities where their employees work and live.
Their Values
Integrity
Do what's right
Empathy
Put others first
Diversity
Learn from difference
Responsibility
Make tomorrow better

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