id	sid	tid	token	lemma	pos
afbr-73	1	1	contents	content	NOUN
afbr-73	1	2	australian	australian	ADJ
afbr-73	1	3	finance	finance	NOUN
afbr-73	1	4	&	&	CCONJ
afbr-73	1	5	banking	banking	PROPN
afbr-73	1	6	review	review	PROPN
afbr-73	1	7	vol	vol	NOUN
afbr-73	1	8	.	.	PROPN
afbr-73	2	1	1	1	NUM
afbr-73	2	2	,	,	PUNCT
afbr-73	2	3	no	no	INTJ
afbr-73	2	4	.	.	NOUN
afbr-73	2	5	1	1	NUM
afbr-73	2	6	;	;	PUNCT
afbr-73	2	7	2017	2017	NUM
afbr-73	2	8	published	publish	VERB
afbr-73	2	9	by	by	ADP
afbr-73	2	10	centre	centre	NOUN
afbr-73	2	11	for	for	ADP
afbr-73	2	12	research	research	NOUN
afbr-73	2	13	on	on	ADP
afbr-73	2	14	islamic	islamic	ADJ
afbr-73	2	15	banking	banking	PROPN
afbr-73	2	16	&	&	CCONJ
afbr-73	2	17	finance	finance	PROPN
afbr-73	2	18	and	and	CCONJ
afbr-73	2	19	business	business	NOUN
afbr-73	2	20	41	41	NUM
afbr-73	2	21	cost	cost	NOUN
afbr-73	2	22	of	of	ADP
afbr-73	2	23	capital	capital	NOUN
afbr-73	2	24	and	and	CCONJ
afbr-73	2	25	corporate	corporate	ADJ
afbr-73	2	26	earning	earning	NOUN
afbr-73	2	27	of	of	ADP
afbr-73	2	28	nigeria	nigeria	PROPN
afbr-73	2	29	quoted	quote	VERB
afbr-73	2	30	firms	firm	NOUN
afbr-73	2	31	:	:	PUNCT
afbr-73	2	32	a	a	DET
afbr-73	2	33	multi	multi	ADJ
afbr-73	2	34	-	-	ADJ
afbr-73	2	35	dimensional	dimensional	ADJ
afbr-73	2	36	analysis	analysis	NOUN
afbr-73	2	37	of	of	ADP
afbr-73	2	38	quoted	quote	VERB
afbr-73	2	39	firms	firm	NOUN
afbr-73	2	40	in	in	ADP
afbr-73	2	41	nigeria	nigeria	PROPN
afbr-73	2	42	lucky	lucky	ADJ
afbr-73	2	43	anyike	anyike	ADJ
afbr-73	2	44	lucky1	lucky1	PROPN
afbr-73	2	45	1department	1department	NUM
afbr-73	2	46	of	of	ADP
afbr-73	2	47	banking	banking	NOUN
afbr-73	2	48	and	and	CCONJ
afbr-73	2	49	finance	finance	NOUN
afbr-73	2	50	,	,	PUNCT
afbr-73	2	51	rivers	river	NOUN
afbr-73	2	52	state	state	PROPN
afbr-73	2	53	university	university	PROPN
afbr-73	2	54	,	,	PUNCT
afbr-73	2	55	nigeria	nigeria	PROPN
afbr-73	2	56	correspondence	correspondence	NOUN
afbr-73	2	57	:	:	PUNCT
afbr-73	2	58	department	department	NOUN
afbr-73	2	59	of	of	ADP
afbr-73	2	60	banking	banking	NOUN
afbr-73	2	61	and	and	CCONJ
afbr-73	2	62	finance	finance	NOUN
afbr-73	2	63	,	,	PUNCT
afbr-73	2	64	rivers	river	NOUN
afbr-73	2	65	state	state	PROPN
afbr-73	2	66	university	university	PROPN
afbr-73	2	67	,	,	PUNCT
afbr-73	2	68	nkpolu	nkpolu	PROPN
afbr-73	2	69	orowurokwo	orowurokwo	PROPN
afbr-73	2	70	,	,	PUNCT
afbr-73	2	71	port	port	NOUN
afbr-73	2	72	harcourt	harcourt	PROPN
afbr-73	2	73	,	,	PUNCT
afbr-73	2	74	rivers	river	NOUN
afbr-73	2	75	state	state	NOUN
afbr-73	2	76	,	,	PUNCT
afbr-73	2	77	nigeria.email	nigeria.email	NUM
afbr-73	2	78	:	:	PUNCT
afbr-73	2	79	lucky.anyike@yahoo.com	lucky.anyike@yahoo.com	X
afbr-73	2	80	received	receive	VERB
afbr-73	2	81	:	:	PUNCT
afbr-73	2	82	october	october	PROPN
afbr-73	2	83	06	06	NUM
afbr-73	2	84	,	,	PUNCT
afbr-73	2	85	2017	2017	NUM
afbr-73	2	86	accepted	accept	VERB
afbr-73	2	87	:	:	PUNCT
afbr-73	2	88	october	october	PROPN
afbr-73	2	89	11	11	NUM
afbr-73	2	90	,	,	PUNCT
afbr-73	2	91	2017	2017	NUM
afbr-73	2	92	online	online	ADV
afbr-73	2	93	published	publish	VERB
afbr-73	2	94	:	:	PUNCT
afbr-73	2	95	october	october	PROPN
afbr-73	2	96	14	14	NUM
afbr-73	2	97	,	,	PUNCT
afbr-73	2	98	2017	2017	NUM
afbr-73	2	99	abstract	abstract	ADV
afbr-73	2	100	this	this	DET
afbr-73	2	101	study	study	NOUN
afbr-73	2	102	examined	examine	VERB
afbr-73	2	103	cost	cost	NOUN
afbr-73	2	104	of	of	ADP
afbr-73	2	105	capital	capital	NOUN
afbr-73	2	106	and	and	CCONJ
afbr-73	2	107	corporate	corporate	ADJ
afbr-73	2	108	earning	earning	NOUN
afbr-73	2	109	of	of	ADP
afbr-73	2	110	quoted	quote	VERB
afbr-73	2	111	firms	firm	NOUN
afbr-73	2	112	in	in	ADP
afbr-73	2	113	nigeria	nigeria	PROPN
afbr-73	2	114	.	.	PUNCT
afbr-73	3	1	the	the	DET
afbr-73	3	2	objective	objective	NOUN
afbr-73	3	3	was	be	AUX
afbr-73	3	4	to	to	PART
afbr-73	3	5	examine	examine	VERB
afbr-73	3	6	the	the	DET
afbr-73	3	7	effect	effect	NOUN
afbr-73	3	8	of	of	ADP
afbr-73	3	9	short	short	ADJ
afbr-73	3	10	term	term	NOUN
afbr-73	3	11	,	,	PUNCT
afbr-73	3	12	medium	medium	ADJ
afbr-73	3	13	term	term	NOUN
afbr-73	3	14	and	and	CCONJ
afbr-73	3	15	long	long	ADJ
afbr-73	3	16	term	term	NOUN
afbr-73	3	17	cost	cost	NOUN
afbr-73	3	18	of	of	ADP
afbr-73	3	19	capital	capital	NOUN
afbr-73	3	20	on	on	ADP
afbr-73	3	21	earnings	earning	NOUN
afbr-73	3	22	per	per	ADP
afbr-73	3	23	share	share	NOUN
afbr-73	3	24	.	.	PUNCT
afbr-73	4	1	cross	cross	VERB
afbr-73	4	2	sectional	sectional	ADJ
afbr-73	4	3	data	datum	NOUN
afbr-73	4	4	was	be	AUX
afbr-73	4	5	sourced	source	VERB
afbr-73	4	6	from	from	ADP
afbr-73	4	7	financial	financial	ADJ
afbr-73	4	8	statement	statement	NOUN
afbr-73	4	9	of	of	ADP
afbr-73	4	10	twenty	twenty	NUM
afbr-73	4	11	quoted	quote	VERB
afbr-73	4	12	firms	firm	NOUN
afbr-73	4	13	from	from	ADP
afbr-73	4	14	2011	2011	NUM
afbr-73	4	15	-	-	SYM
afbr-73	4	16	2016	2016	NUM
afbr-73	4	17	.	.	PUNCT
afbr-73	5	1	earnings	earning	NOUN
afbr-73	5	2	per	per	ADP
afbr-73	5	3	share	share	NOUN
afbr-73	5	4	was	be	AUX
afbr-73	5	5	proxy	proxy	ADJ
afbr-73	5	6	for	for	ADP
afbr-73	5	7	dependent	dependent	ADJ
afbr-73	5	8	variable	variable	NOUN
afbr-73	5	9	while	while	SCONJ
afbr-73	5	10	cost	cost	NOUN
afbr-73	5	11	of	of	ADP
afbr-73	5	12	trade	trade	NOUN
afbr-73	5	13	credit	credit	NOUN
afbr-73	5	14	,	,	PUNCT
afbr-73	5	15	cost	cost	NOUN
afbr-73	5	16	of	of	ADP
afbr-73	5	17	short	short	ADJ
afbr-73	5	18	term	term	NOUN
afbr-73	5	19	bank	bank	NOUN
afbr-73	5	20	loans	loan	NOUN
afbr-73	5	21	,	,	PUNCT
afbr-73	5	22	cost	cost	NOUN
afbr-73	5	23	of	of	ADP
afbr-73	5	24	commercial	commercial	ADJ
afbr-73	5	25	paper	paper	NOUN
afbr-73	5	26	,	,	PUNCT
afbr-73	5	27	cost	cost	NOUN
afbr-73	5	28	of	of	ADP
afbr-73	5	29	banker	banker	NOUN
afbr-73	5	30	acceptance	acceptance	NOUN
afbr-73	5	31	,	,	PUNCT
afbr-73	5	32	cost	cost	NOUN
afbr-73	5	33	of	of	ADP
afbr-73	5	34	line	line	NOUN
afbr-73	5	35	of	of	ADP
afbr-73	5	36	credit	credit	NOUN
afbr-73	5	37	,	,	PUNCT
afbr-73	5	38	cost	cost	NOUN
afbr-73	5	39	of	of	ADP
afbr-73	5	40	revolving	revolve	VERB
afbr-73	5	41	credit	credit	NOUN
afbr-73	5	42	,	,	PUNCT
afbr-73	5	43	cost	cost	NOUN
afbr-73	5	44	of	of	ADP
afbr-73	5	45	hire	hire	NOUN
afbr-73	5	46	purchase	purchase	NOUN
afbr-73	5	47	,	,	PUNCT
afbr-73	5	48	cost	cost	NOUN
afbr-73	5	49	of	of	ADP
afbr-73	5	50	operating	operating	NOUN
afbr-73	5	51	lease	lease	NOUN
afbr-73	5	52	,	,	PUNCT
afbr-73	5	53	cost	cost	NOUN
afbr-73	5	54	of	of	ADP
afbr-73	5	55	debt	debt	NOUN
afbr-73	5	56	,	,	PUNCT
afbr-73	5	57	cost	cost	NOUN
afbr-73	5	58	of	of	ADP
afbr-73	5	59	preference	preference	NOUN
afbr-73	5	60	share	share	NOUN
afbr-73	5	61	and	and	CCONJ
afbr-73	5	62	cost	cost	NOUN
afbr-73	5	63	of	of	ADP
afbr-73	5	64	equity	equity	NOUN
afbr-73	5	65	are	be	AUX
afbr-73	5	66	proxy	proxy	ADJ
afbr-73	5	67	for	for	ADP
afbr-73	5	68	independent	independent	ADJ
afbr-73	5	69	variables	variable	NOUN
afbr-73	5	70	.	.	PUNCT
afbr-73	6	1	after	after	ADP
afbr-73	6	2	cross	cross	NOUN
afbr-73	6	3	examination	examination	NOUN
afbr-73	6	4	of	of	ADP
afbr-73	6	5	the	the	DET
afbr-73	6	6	validity	validity	NOUN
afbr-73	6	7	of	of	ADP
afbr-73	6	8	the	the	DET
afbr-73	6	9	pooled	pooled	ADJ
afbr-73	6	10	effect	effect	NOUN
afbr-73	6	11	,	,	PUNCT
afbr-73	6	12	fixed	fix	VERB
afbr-73	6	13	effect	effect	NOUN
afbr-73	6	14	and	and	CCONJ
afbr-73	6	15	the	the	DET
afbr-73	6	16	random	random	ADJ
afbr-73	6	17	effect	effect	NOUN
afbr-73	6	18	,	,	PUNCT
afbr-73	6	19	the	the	DET
afbr-73	6	20	study	study	NOUN
afbr-73	6	21	accepts	accept	VERB
afbr-73	6	22	the	the	DET
afbr-73	6	23	fixed	fix	VERB
afbr-73	6	24	and	and	CCONJ
afbr-73	6	25	random	random	ADJ
afbr-73	6	26	effect	effect	NOUN
afbr-73	6	27	models	model	NOUN
afbr-73	6	28	.	.	PUNCT
afbr-73	7	1	findings	finding	NOUN
afbr-73	7	2	reveals	reveal	VERB
afbr-73	7	3	that	that	SCONJ
afbr-73	7	4	cost	cost	NOUN
afbr-73	7	5	of	of	ADP
afbr-73	7	6	short	short	ADJ
afbr-73	7	7	term	term	NOUN
afbr-73	7	8	and	and	CCONJ
afbr-73	7	9	cost	cost	NOUN
afbr-73	7	10	of	of	ADP
afbr-73	7	11	long	long	ADJ
afbr-73	7	12	term	term	NOUN
afbr-73	7	13	have	have	VERB
afbr-73	7	14	significant	significant	ADJ
afbr-73	7	15	relationship	relationship	NOUN
afbr-73	7	16	with	with	ADP
afbr-73	7	17	corporate	corporate	ADJ
afbr-73	7	18	earning	earning	NOUN
afbr-73	7	19	while	while	SCONJ
afbr-73	7	20	cost	cost	NOUN
afbr-73	7	21	of	of	ADP
afbr-73	7	22	medium	medium	ADJ
afbr-73	7	23	term	term	NOUN
afbr-73	7	24	have	have	VERB
afbr-73	7	25	no	no	DET
afbr-73	7	26	significant	significant	ADJ
afbr-73	7	27	effect	effect	NOUN
afbr-73	7	28	on	on	ADP
afbr-73	7	29	corporate	corporate	ADJ
afbr-73	7	30	earnings	earning	NOUN
afbr-73	7	31	.	.	PUNCT
afbr-73	8	1	it	it	PRON
afbr-73	8	2	recommends	recommend	VERB
afbr-73	8	3	the	the	DET
afbr-73	8	4	need	need	NOUN
afbr-73	8	5	for	for	ADP
afbr-73	8	6	corporate	corporate	ADJ
afbr-73	8	7	strategies	strategy	NOUN
afbr-73	8	8	that	that	PRON
afbr-73	8	9	will	will	AUX
afbr-73	8	10	reduce	reduce	VERB
afbr-73	8	11	cost	cost	NOUN
afbr-73	8	12	of	of	ADP
afbr-73	8	13	capital	capital	NOUN
afbr-73	8	14	.	.	PUNCT
afbr-73	9	1	keywords	keyword	NOUN
afbr-73	9	2	:	:	PUNCT
afbr-73	9	3	cost	cost	NOUN
afbr-73	9	4	of	of	ADP
afbr-73	9	5	capital	capital	NOUN
afbr-73	9	6	,	,	PUNCT
afbr-73	9	7	corporate	corporate	ADJ
afbr-73	9	8	earnings	earning	NOUN
afbr-73	9	9	,	,	PUNCT
afbr-73	9	10	quoted	quote	VERB
afbr-73	9	11	firms	firm	NOUN
afbr-73	9	12	.	.	PUNCT
afbr-73	10	1	1	1	X
afbr-73	10	2	.	.	X
afbr-73	10	3	introduction	introduction	NOUN
afbr-73	10	4	financing	financing	NOUN
afbr-73	10	5	decision	decision	NOUN
afbr-73	10	6	of	of	ADP
afbr-73	10	7	any	any	DET
afbr-73	10	8	economic	economic	ADJ
afbr-73	10	9	or	or	CCONJ
afbr-73	10	10	financial	financial	ADJ
afbr-73	10	11	unit	unit	NOUN
afbr-73	10	12	,	,	PUNCT
afbr-73	10	13	whether	whether	SCONJ
afbr-73	10	14	a	a	DET
afbr-73	10	15	private	private	ADJ
afbr-73	10	16	household	household	NOUN
afbr-73	10	17	,	,	PUNCT
afbr-73	10	18	a	a	DET
afbr-73	10	19	business	business	NOUN
afbr-73	10	20	firm	firm	NOUN
afbr-73	10	21	or	or	CCONJ
afbr-73	10	22	government	government	NOUN
afbr-73	10	23	,	,	PUNCT
afbr-73	10	24	consists	consist	VERB
afbr-73	10	25	of	of	ADP
afbr-73	10	26	planning	plan	VERB
afbr-73	10	27	for	for	ADP
afbr-73	10	28	,	,	PUNCT
afbr-73	10	29	generation	generation	NOUN
afbr-73	10	30	,	,	PUNCT
afbr-73	10	31	and	and	CCONJ
afbr-73	10	32	organizing	organize	VERB
afbr-73	10	33	of	of	ADP
afbr-73	10	34	funds	fund	NOUN
afbr-73	10	35	needed	need	VERB
afbr-73	10	36	for	for	ADP
afbr-73	10	37	investment	investment	NOUN
afbr-73	10	38	and	and	CCONJ
afbr-73	10	39	other	other	ADJ
afbr-73	10	40	activities	activity	NOUN
afbr-73	10	41	.	.	PUNCT
afbr-73	11	1	the	the	DET
afbr-73	11	2	two	two	NUM
afbr-73	11	3	main	main	ADJ
afbr-73	11	4	sources	source	NOUN
afbr-73	11	5	of	of	ADP
afbr-73	11	6	capital	capital	NOUN
afbr-73	11	7	are	be	AUX
afbr-73	11	8	the	the	DET
afbr-73	11	9	equity	equity	NOUN
afbr-73	11	10	and	and	CCONJ
afbr-73	11	11	debt	debt	NOUN
afbr-73	11	12	which	which	PRON
afbr-73	11	13	both	both	PRON
afbr-73	11	14	needs	need	VERB
afbr-73	11	15	to	to	PART
afbr-73	11	16	be	be	AUX
afbr-73	11	17	remunerated	remunerate	VERB
afbr-73	11	18	at	at	ADP
afbr-73	11	19	their	their	PRON
afbr-73	11	20	own	own	ADJ
afbr-73	11	21	cost	cost	NOUN
afbr-73	11	22	of	of	ADP
afbr-73	11	23	capital	capital	NOUN
afbr-73	11	24	.	.	PUNCT
afbr-73	12	1	thus	thus	ADV
afbr-73	12	2	,	,	PUNCT
afbr-73	12	3	a	a	DET
afbr-73	12	4	discussion	discussion	NOUN
afbr-73	12	5	on	on	ADP
afbr-73	12	6	financing	financing	NOUN
afbr-73	12	7	decisions	decision	NOUN
afbr-73	12	8	must	must	AUX
afbr-73	12	9	include	include	VERB
afbr-73	12	10	analysis	analysis	NOUN
afbr-73	12	11	of	of	ADP
afbr-73	12	12	the	the	DET
afbr-73	12	13	various	various	ADJ
afbr-73	12	14	sources	source	NOUN
afbr-73	12	15	through	through	ADP
afbr-73	12	16	which	which	PRON
afbr-73	12	17	the	the	DET
afbr-73	12	18	units	unit	NOUN
afbr-73	12	19	can	can	AUX
afbr-73	12	20	raise	raise	VERB
afbr-73	12	21	funds	fund	NOUN
afbr-73	12	22	,	,	PUNCT
afbr-73	12	23	and	and	CCONJ
afbr-73	12	24	the	the	DET
afbr-73	12	25	associated	associated	ADJ
afbr-73	12	26	costs	cost	NOUN
afbr-73	12	27	,	,	PUNCT
afbr-73	12	28	which	which	PRON
afbr-73	12	29	is	be	AUX
afbr-73	12	30	call	call	VERB
afbr-73	12	31	the	the	DET
afbr-73	12	32	cost	cost	NOUN
afbr-73	12	33	of	of	ADP
afbr-73	12	34	capital	capital	NOUN
afbr-73	12	35	(	(	PUNCT
afbr-73	12	36	ezirim	ezirim	NOUN
afbr-73	12	37	,	,	PUNCT
afbr-73	12	38	2005	2005	NUM
afbr-73	12	39	)	)	PUNCT
afbr-73	12	40	.	.	PUNCT
afbr-73	13	1	a	a	DET
afbr-73	13	2	necessary	necessary	ADJ
afbr-73	13	3	angle	angle	NOUN
afbr-73	13	4	to	to	ADP
afbr-73	13	5	financing	financing	NOUN
afbr-73	13	6	decision	decision	NOUN
afbr-73	13	7	would	would	AUX
afbr-73	13	8	include	include	VERB
afbr-73	13	9	the	the	DET
afbr-73	13	10	determination	determination	NOUN
afbr-73	13	11	of	of	ADP
afbr-73	13	12	the	the	DET
afbr-73	13	13	optimal	optimal	ADJ
afbr-73	13	14	proportions	proportion	NOUN
afbr-73	13	15	of	of	ADP
afbr-73	13	16	each	each	DET
afbr-73	13	17	form	form	NOUN
afbr-73	13	18	to	to	PART
afbr-73	13	19	be	be	AUX
afbr-73	13	20	utilized	utilize	VERB
afbr-73	13	21	by	by	ADP
afbr-73	13	22	the	the	DET
afbr-73	13	23	concerned	concerned	ADJ
afbr-73	13	24	economic	economic	ADJ
afbr-73	13	25	unit	unit	NOUN
afbr-73	13	26	,	,	PUNCT
afbr-73	13	27	noting	note	VERB
afbr-73	13	28	the	the	DET
afbr-73	13	29	financial	financial	ADJ
afbr-73	13	30	implications	implication	NOUN
afbr-73	13	31	.	.	PUNCT
afbr-73	14	1	the	the	DET
afbr-73	14	2	finance	finance	NOUN
afbr-73	14	3	management	management	NOUN
afbr-73	14	4	function	function	NOUN
afbr-73	14	5	is	be	AUX
afbr-73	14	6	a	a	DET
afbr-73	14	7	critical	critical	ADJ
afbr-73	14	8	success	success	NOUN
afbr-73	14	9	factor	factor	NOUN
afbr-73	14	10	and	and	CCONJ
afbr-73	14	11	determines	determine	VERB
afbr-73	14	12	the	the	DET
afbr-73	14	13	earnings	earning	NOUN
afbr-73	14	14	and	and	CCONJ
afbr-73	14	15	survival	survival	NOUN
afbr-73	14	16	of	of	ADP
afbr-73	14	17	firms	firm	NOUN
afbr-73	14	18	.	.	PUNCT
afbr-73	15	1	these	these	DET
afbr-73	15	2	functions	function	NOUN
afbr-73	15	3	include	include	VERB
afbr-73	15	4	the	the	DET
afbr-73	15	5	dividend	dividend	NOUN
afbr-73	15	6	and	and	CCONJ
afbr-73	15	7	the	the	DET
afbr-73	15	8	financing	financing	NOUN
afbr-73	15	9	decision	decision	NOUN
afbr-73	15	10	.	.	PUNCT
afbr-73	16	1	while	while	SCONJ
afbr-73	16	2	the	the	DET
afbr-73	16	3	dividend	dividend	NOUN
afbr-73	16	4	decision	decision	NOUN
afbr-73	16	5	determines	determine	VERB
afbr-73	16	6	the	the	DET
afbr-73	16	7	proportion	proportion	NOUN
afbr-73	16	8	of	of	ADP
afbr-73	16	9	earnings	earning	NOUN
afbr-73	16	10	to	to	PART
afbr-73	16	11	be	be	AUX
afbr-73	16	12	distributed	distribute	VERB
afbr-73	16	13	to	to	ADP
afbr-73	16	14	shareholders	shareholder	NOUN
afbr-73	16	15	and	and	CCONJ
afbr-73	16	16	proportion	proportion	NOUN
afbr-73	16	17	to	to	PART
afbr-73	16	18	retain	retain	VERB
afbr-73	16	19	,	,	PUNCT
afbr-73	16	20	the	the	DET
afbr-73	16	21	financing	financing	NOUN
afbr-73	16	22	decision	decision	NOUN
afbr-73	16	23	determine	determine	VERB
afbr-73	16	24	the	the	DET
afbr-73	16	25	optimal	optimal	ADJ
afbr-73	16	26	combination	combination	NOUN
afbr-73	16	27	of	of	ADP
afbr-73	16	28	debt	debt	NOUN
afbr-73	16	29	and	and	CCONJ
afbr-73	16	30	equity	equity	NOUN
afbr-73	16	31	to	to	PART
afbr-73	16	32	maximize	maximize	VERB
afbr-73	16	33	shareholders	shareholder	NOUN
afbr-73	16	34	wealth	wealth	NOUN
afbr-73	16	35	.	.	PUNCT
afbr-73	17	1	the	the	DET
afbr-73	17	2	cost	cost	NOUN
afbr-73	17	3	of	of	ADP
afbr-73	17	4	equity	equity	NOUN
afbr-73	17	5	can	can	AUX
afbr-73	17	6	be	be	AUX
afbr-73	17	7	defined	define	VERB
afbr-73	17	8	as	as	ADP
afbr-73	17	9	the	the	DET
afbr-73	17	10	return	return	NOUN
afbr-73	17	11	expected	expect	VERB
afbr-73	17	12	on	on	ADP
afbr-73	17	13	a	a	DET
afbr-73	17	14	firm	firm	NOUN
afbr-73	17	15	’s	’s	PART
afbr-73	17	16	common	common	ADJ
afbr-73	17	17	stock	stock	NOUN
afbr-73	17	18	in	in	ADP
afbr-73	17	19	the	the	DET
afbr-73	17	20	capital	capital	NOUN
afbr-73	17	21	market	market	NOUN
afbr-73	17	22	.	.	PUNCT
afbr-73	18	1	it	it	PRON
afbr-73	18	2	represents	represent	VERB
afbr-73	18	3	the	the	DET
afbr-73	18	4	composition	composition	NOUN
afbr-73	18	5	demanded	demand	VERB
afbr-73	18	6	by	by	ADP
afbr-73	18	7	shareholders	shareholder	NOUN
afbr-73	18	8	for	for	ADP
afbr-73	18	9	providing	provide	VERB
afbr-73	18	10	capital	capital	NOUN
afbr-73	18	11	and	and	CCONJ
afbr-73	18	12	assuming	assume	VERB
afbr-73	18	13	the	the	DET
afbr-73	18	14	risk	risk	NOUN
afbr-73	18	15	of	of	ADP
afbr-73	18	16	waiting	wait	VERB
afbr-73	18	17	for	for	ADP
afbr-73	18	18	this	this	DET
afbr-73	18	19	return	return	NOUN
afbr-73	18	20	.	.	PUNCT
afbr-73	19	1	this	this	PRON
afbr-73	19	2	implies	imply	VERB
afbr-73	19	3	that	that	SCONJ
afbr-73	19	4	cost	cost	NOUN
afbr-73	19	5	of	of	ADP
afbr-73	19	6	equity	equity	NOUN
afbr-73	19	7	reflects	reflect	VERB
afbr-73	19	8	the	the	DET
afbr-73	19	9	opportunity	opportunity	NOUN
afbr-73	19	10	cost	cost	NOUN
afbr-73	19	11	of	of	ADP
afbr-73	19	12	investigating	investigate	VERB
afbr-73	19	13	in	in	ADP
afbr-73	19	14	a	a	DET
afbr-73	19	15	firm	firm	NOUN
afbr-73	19	16	’s	’s	PART
afbr-73	19	17	stock	stock	NOUN
afbr-73	19	18	as	as	SCONJ
afbr-73	19	19	opposed	oppose	VERB
afbr-73	19	20	to	to	ADP
afbr-73	19	21	potential	potential	ADJ
afbr-73	19	22	investments	investment	NOUN
afbr-73	19	23	with	with	ADP
afbr-73	19	24	similar	similar	ADJ
afbr-73	19	25	risks	risk	NOUN
afbr-73	19	26	.	.	PUNCT
afbr-73	20	1	cost	cost	NOUN
afbr-73	20	2	of	of	ADP
afbr-73	20	3	cost	cost	NOUN
afbr-73	20	4	of	of	ADP
afbr-73	20	5	capital	capital	NOUN
afbr-73	20	6	and	and	CCONJ
afbr-73	20	7	corporate	corporate	ADJ
afbr-73	20	8	earning	earning	NOUN
afbr-73	20	9	of	of	ADP
afbr-73	20	10	nigeria	nigeria	PROPN
afbr-73	20	11	quoted	quote	VERB
afbr-73	20	12	firms	firm	NOUN
afbr-73	20	13	:	:	PUNCT
afbr-73	20	14	a	a	DET
afbr-73	20	15	multi	multi	ADJ
afbr-73	20	16	-	-	ADJ
afbr-73	20	17	dimensional	dimensional	ADJ
afbr-73	20	18	analysis	analysis	NOUN
afbr-73	20	19	of	of	ADP
afbr-73	20	20	quoted	quote	VERB
afbr-73	20	21	firms	firm	NOUN
afbr-73	20	22	in	in	ADP
afbr-73	20	23	nigeria	nigeria	PROPN
afbr-73	20	24	lucky	lucky	ADJ
afbr-73	21	1	anyike	anyike	ADP
afbr-73	21	2	lucky	lucky	ADJ
afbr-73	21	3	42	42	NUM
afbr-73	21	4	debt	debt	NOUN
afbr-73	21	5	refers	refer	VERB
afbr-73	21	6	to	to	ADP
afbr-73	21	7	cost	cost	NOUN
afbr-73	21	8	of	of	ADP
afbr-73	21	9	external	external	ADJ
afbr-73	21	10	source	source	NOUN
afbr-73	21	11	of	of	ADP
afbr-73	21	12	fund	fund	NOUN
afbr-73	21	13	such	such	ADJ
afbr-73	21	14	as	as	ADP
afbr-73	21	15	cost	cost	NOUN
afbr-73	21	16	of	of	ADP
afbr-73	21	17	long	long	ADJ
afbr-73	21	18	term	term	NOUN
afbr-73	21	19	debt	debt	NOUN
afbr-73	21	20	and	and	CCONJ
afbr-73	21	21	cost	cost	NOUN
afbr-73	21	22	of	of	ADP
afbr-73	21	23	short	short	ADJ
afbr-73	21	24	term	term	NOUN
afbr-73	21	25	borrowings	borrowing	NOUN
afbr-73	21	26	.	.	PUNCT
afbr-73	22	1	determining	determine	VERB
afbr-73	22	2	optimal	optimal	ADJ
afbr-73	22	3	cost	cost	NOUN
afbr-73	22	4	of	of	ADP
afbr-73	22	5	capital	capital	NOUN
afbr-73	22	6	constitute	constitute	VERB
afbr-73	22	7	one	one	NUM
afbr-73	22	8	of	of	ADP
afbr-73	22	9	the	the	DET
afbr-73	22	10	key	key	ADJ
afbr-73	22	11	finance	finance	NOUN
afbr-73	22	12	management	management	NOUN
afbr-73	22	13	functions	function	NOUN
afbr-73	22	14	for	for	ADP
afbr-73	22	15	financing	finance	VERB
afbr-73	22	16	corporate	corporate	ADJ
afbr-73	22	17	growth	growth	NOUN
afbr-73	22	18	of	of	ADP
afbr-73	22	19	listed	list	VERB
afbr-73	22	20	organizations	organization	NOUN
afbr-73	22	21	.	.	PUNCT
afbr-73	23	1	the	the	DET
afbr-73	23	2	central	central	ADJ
afbr-73	23	3	normative	normative	ADJ
afbr-73	23	4	preposition	preposition	NOUN
afbr-73	23	5	of	of	ADP
afbr-73	23	6	the	the	DET
afbr-73	23	7	micro	micro	PROPN
afbr-73	23	8	theory	theory	NOUN
afbr-73	23	9	of	of	ADP
afbr-73	23	10	capital	capital	NOUN
afbr-73	23	11	is	be	AUX
afbr-73	23	12	that	that	SCONJ
afbr-73	23	13	firms	firm	NOUN
afbr-73	23	14	should	should	AUX
afbr-73	23	15	adjust	adjust	VERB
afbr-73	23	16	its	its	PRON
afbr-73	23	17	capital	capital	NOUN
afbr-73	23	18	stock	stock	NOUN
afbr-73	23	19	until	until	SCONJ
afbr-73	23	20	the	the	DET
afbr-73	23	21	marginal	marginal	ADJ
afbr-73	23	22	rate	rate	NOUN
afbr-73	23	23	of	of	ADP
afbr-73	23	24	return	return	NOUN
afbr-73	23	25	on	on	ADP
afbr-73	23	26	further	further	ADJ
afbr-73	23	27	investment	investment	NOUN
afbr-73	23	28	is	be	AUX
afbr-73	23	29	equal	equal	ADJ
afbr-73	23	30	to	to	ADP
afbr-73	23	31	the	the	DET
afbr-73	23	32	cost	cost	NOUN
afbr-73	23	33	of	of	ADP
afbr-73	23	34	capital	capital	NOUN
afbr-73	23	35	(	(	PUNCT
afbr-73	23	36	jonathan	jonathan	PROPN
afbr-73	23	37	&	&	CCONJ
afbr-73	23	38	lorie	lorie	PROPN
afbr-73	23	39	,	,	PUNCT
afbr-73	23	40	2007	2007	NUM
afbr-73	23	41	)	)	PUNCT
afbr-73	23	42	.	.	PUNCT
afbr-73	24	1	under	under	ADP
afbr-73	24	2	condition	condition	NOUN
afbr-73	24	3	of	of	ADP
afbr-73	24	4	perfect	perfect	ADJ
afbr-73	24	5	market	market	NOUN
afbr-73	24	6	,	,	PUNCT
afbr-73	24	7	certainty	certainty	NOUN
afbr-73	24	8	which	which	PRON
afbr-73	24	9	is	be	AUX
afbr-73	24	10	the	the	DET
afbr-73	24	11	basic	basic	ADJ
afbr-73	24	12	assumption	assumption	NOUN
afbr-73	24	13	for	for	ADP
afbr-73	24	14	the	the	DET
afbr-73	24	15	classical	classical	ADJ
afbr-73	24	16	theory	theory	NOUN
afbr-73	24	17	,	,	PUNCT
afbr-73	24	18	develop	develop	VERB
afbr-73	24	19	the	the	DET
afbr-73	24	20	concept	concept	NOUN
afbr-73	24	21	of	of	ADP
afbr-73	24	22	capital	capital	NOUN
afbr-73	24	23	which	which	PRON
afbr-73	24	24	means	mean	VERB
afbr-73	24	25	the	the	DET
afbr-73	24	26	market	market	NOUN
afbr-73	24	27	rate	rate	NOUN
afbr-73	24	28	of	of	ADP
afbr-73	24	29	interest	interest	NOUN
afbr-73	24	30	.	.	PUNCT
afbr-73	25	1	due	due	ADP
afbr-73	25	2	to	to	ADP
afbr-73	25	3	the	the	DET
afbr-73	25	4	increasing	increase	VERB
afbr-73	25	5	global	global	ADJ
afbr-73	25	6	mobility	mobility	NOUN
afbr-73	25	7	and	and	CCONJ
afbr-73	25	8	flexibility	flexibility	NOUN
afbr-73	25	9	of	of	ADP
afbr-73	25	10	capital	capital	NOUN
afbr-73	25	11	,	,	PUNCT
afbr-73	25	12	companies	company	NOUN
afbr-73	25	13	needs	need	VERB
afbr-73	25	14	to	to	PART
afbr-73	25	15	ensure	ensure	VERB
afbr-73	25	16	that	that	SCONJ
afbr-73	25	17	they	they	PRON
afbr-73	25	18	offer	offer	VERB
afbr-73	25	19	the	the	DET
afbr-73	25	20	required	require	VERB
afbr-73	25	21	return	return	NOUN
afbr-73	25	22	since	since	SCONJ
afbr-73	25	23	the	the	DET
afbr-73	25	24	risk	risk	NOUN
afbr-73	25	25	of	of	ADP
afbr-73	25	26	losing	lose	VERB
afbr-73	25	27	their	their	PRON
afbr-73	25	28	investors	investor	NOUN
afbr-73	25	29	which	which	PRON
afbr-73	25	30	might	might	AUX
afbr-73	25	31	more	more	ADV
afbr-73	25	32	costly	costly	ADJ
afbr-73	25	33	to	to	ADP
afbr-73	25	34	the	the	DET
afbr-73	25	35	firms	firm	NOUN
afbr-73	25	36	.	.	PUNCT
afbr-73	26	1	the	the	DET
afbr-73	26	2	firm	firm	NOUN
afbr-73	26	3	’s	’s	PART
afbr-73	26	4	cost	cost	NOUN
afbr-73	26	5	of	of	ADP
afbr-73	26	6	capital	capital	NOUN
afbr-73	26	7	can	can	AUX
afbr-73	26	8	be	be	AUX
afbr-73	26	9	used	use	VERB
afbr-73	26	10	for	for	ADP
afbr-73	26	11	discounting	discount	VERB
afbr-73	26	12	the	the	DET
afbr-73	26	13	cash	cash	NOUN
afbr-73	26	14	flows	flow	NOUN
afbr-73	26	15	of	of	ADP
afbr-73	26	16	the	the	DET
afbr-73	26	17	investment	investment	NOUN
afbr-73	26	18	projects	project	NOUN
afbr-73	26	19	which	which	PRON
afbr-73	26	20	have	have	VERB
afbr-73	26	21	risk	risk	NOUN
afbr-73	26	22	equivalent	equivalent	ADJ
afbr-73	26	23	to	to	ADP
afbr-73	26	24	the	the	DET
afbr-73	26	25	average	average	ADJ
afbr-73	26	26	risk	risk	NOUN
afbr-73	26	27	of	of	ADP
afbr-73	26	28	the	the	DET
afbr-73	26	29	firm	firm	NOUN
afbr-73	26	30	.	.	PUNCT
afbr-73	27	1	it	it	PRON
afbr-73	27	2	is	be	AUX
afbr-73	27	3	needed	need	VERB
afbr-73	27	4	for	for	ADP
afbr-73	27	5	investment	investment	NOUN
afbr-73	27	6	and	and	CCONJ
afbr-73	27	7	financing	financing	NOUN
afbr-73	27	8	decisions	decision	NOUN
afbr-73	27	9	,	,	PUNCT
afbr-73	27	10	business	business	NOUN
afbr-73	27	11	valuations	valuation	NOUN
afbr-73	27	12	,	,	PUNCT
afbr-73	27	13	capital	capital	NOUN
afbr-73	27	14	budgeting	budget	VERB
afbr-73	27	15	and	and	CCONJ
afbr-73	27	16	determining	determine	VERB
afbr-73	27	17	recoverable	recoverable	ADJ
afbr-73	27	18	amount	amount	NOUN
afbr-73	27	19	for	for	ADP
afbr-73	27	20	improvement	improvement	NOUN
afbr-73	27	21	test	test	NOUN
afbr-73	27	22	(	(	PUNCT
afbr-73	27	23	brav	brav	PROPN
afbr-73	27	24	,	,	PUNCT
afbr-73	27	25	2009	2009	NUM
afbr-73	27	26	)	)	PUNCT
afbr-73	27	27	.	.	PUNCT
afbr-73	28	1	cost	cost	NOUN
afbr-73	28	2	of	of	ADP
afbr-73	28	3	capital	capital	NOUN
afbr-73	28	4	is	be	AUX
afbr-73	28	5	used	use	VERB
afbr-73	28	6	as	as	ADP
afbr-73	28	7	a	a	DET
afbr-73	28	8	discount	discount	NOUN
afbr-73	28	9	rate	rate	NOUN
afbr-73	28	10	or	or	CCONJ
afbr-73	28	11	bench	bench	VERB
afbr-73	28	12	mark	mark	NOUN
afbr-73	28	13	return	return	NOUN
afbr-73	28	14	in	in	ADP
afbr-73	28	15	financing	finance	VERB
afbr-73	28	16	corporate	corporate	ADJ
afbr-73	28	17	growth	growth	NOUN
afbr-73	28	18	.	.	PUNCT
afbr-73	29	1	it	it	PRON
afbr-73	29	2	is	be	AUX
afbr-73	29	3	used	use	VERB
afbr-73	29	4	to	to	PART
afbr-73	29	5	discount	discount	VERB
afbr-73	29	6	rate	rate	NOUN
afbr-73	29	7	for	for	ADP
afbr-73	29	8	company	company	NOUN
afbr-73	29	9	valuation	valuation	NOUN
afbr-73	29	10	with	with	ADP
afbr-73	29	11	the	the	DET
afbr-73	29	12	help	help	NOUN
afbr-73	29	13	of	of	ADP
afbr-73	29	14	the	the	DET
afbr-73	29	15	discount	discount	NOUN
afbr-73	29	16	cash	cash	NOUN
afbr-73	29	17	flow	flow	NOUN
afbr-73	29	18	techniques	technique	NOUN
afbr-73	29	19	such	such	ADJ
afbr-73	29	20	as	as	ADP
afbr-73	29	21	the	the	DET
afbr-73	29	22	net	net	ADJ
afbr-73	29	23	present	present	ADJ
afbr-73	29	24	value	value	NOUN
afbr-73	29	25	,	,	PUNCT
afbr-73	29	26	internal	internal	ADJ
afbr-73	29	27	rate	rate	NOUN
afbr-73	29	28	of	of	ADP
afbr-73	29	29	return	return	NOUN
afbr-73	29	30	(	(	PUNCT
afbr-73	29	31	dempsey	dempsey	NOUN
afbr-73	29	32	,	,	PUNCT
afbr-73	29	33	2013	2013	NUM
afbr-73	29	34	)	)	PUNCT
afbr-73	29	35	.	.	PUNCT
afbr-73	30	1	in	in	ADP
afbr-73	30	2	international	international	ADJ
afbr-73	30	3	financial	financial	ADJ
afbr-73	30	4	reporting	reporting	NOUN
afbr-73	30	5	standard	standard	PROPN
afbr-73	30	6	(	(	PUNCT
afbr-73	30	7	ifrs	ifrs	PROPN
afbr-73	30	8	)	)	PUNCT
afbr-73	30	9	,	,	PUNCT
afbr-73	30	10	cost	cost	NOUN
afbr-73	30	11	of	of	ADP
afbr-73	30	12	capital	capital	NOUN
afbr-73	30	13	is	be	AUX
afbr-73	30	14	relevant	relevant	ADJ
afbr-73	30	15	for	for	ADP
afbr-73	30	16	impairment	impairment	ADJ
afbr-73	30	17	test	test	NOUN
afbr-73	30	18	as	as	SCONJ
afbr-73	30	19	stated	state	VERB
afbr-73	30	20	by	by	ADP
afbr-73	30	21	international	international	ADJ
afbr-73	30	22	accounting	accounting	NOUN
afbr-73	30	23	standard	standard	NOUN
afbr-73	30	24	(	(	PUNCT
afbr-73	30	25	ias	ias	PROPN
afbr-73	30	26	36	36	NUM
afbr-73	30	27	)	)	PUNCT
afbr-73	30	28	.	.	PUNCT
afbr-73	31	1	there	there	PRON
afbr-73	31	2	are	be	VERB
afbr-73	31	3	limited	limited	ADJ
afbr-73	31	4	studies	study	NOUN
afbr-73	31	5	of	of	ADP
afbr-73	31	6	citable	citable	ADJ
afbr-73	31	7	significant	significant	ADJ
afbr-73	31	8	that	that	PRON
afbr-73	31	9	dealt	deal	VERB
afbr-73	31	10	with	with	ADP
afbr-73	31	11	problem	problem	NOUN
afbr-73	31	12	of	of	ADP
afbr-73	31	13	cost	cost	NOUN
afbr-73	31	14	of	of	ADP
afbr-73	31	15	capital	capital	NOUN
afbr-73	31	16	and	and	CCONJ
afbr-73	31	17	corporate	corporate	ADJ
afbr-73	31	18	earnings	earning	NOUN
afbr-73	31	19	in	in	ADP
afbr-73	31	20	nigeria	nigeria	PROPN
afbr-73	31	21	.	.	PUNCT
afbr-73	32	1	therefore	therefore	ADV
afbr-73	32	2	this	this	DET
afbr-73	32	3	study	study	NOUN
afbr-73	32	4	intends	intend	VERB
afbr-73	32	5	to	to	PART
afbr-73	32	6	examine	examine	VERB
afbr-73	32	7	the	the	DET
afbr-73	32	8	effect	effect	NOUN
afbr-73	32	9	of	of	ADP
afbr-73	32	10	cost	cost	NOUN
afbr-73	32	11	of	of	ADP
afbr-73	32	12	capital	capital	NOUN
afbr-73	32	13	on	on	ADP
afbr-73	32	14	corporate	corporate	ADJ
afbr-73	32	15	earnings	earning	NOUN
afbr-73	32	16	of	of	ADP
afbr-73	32	17	quoted	quote	VERB
afbr-73	32	18	firms	firm	NOUN
afbr-73	32	19	in	in	ADP
afbr-73	32	20	nigeria	nigeria	PROPN
afbr-73	32	21	.	.	PUNCT
afbr-73	33	1	apart	apart	ADV
afbr-73	33	2	from	from	ADP
afbr-73	33	3	section	section	NOUN
afbr-73	33	4	one	one	NUM
afbr-73	33	5	above	above	ADV
afbr-73	33	6	,	,	PUNCT
afbr-73	33	7	section	section	NOUN
afbr-73	33	8	two	two	NUM
afbr-73	33	9	focuses	focus	VERB
afbr-73	33	10	on	on	ADP
afbr-73	33	11	both	both	CCONJ
afbr-73	33	12	theoretical	theoretical	ADJ
afbr-73	33	13	and	and	CCONJ
afbr-73	33	14	empirical	empirical	ADJ
afbr-73	33	15	review	review	NOUN
afbr-73	33	16	of	of	ADP
afbr-73	33	17	related	related	ADJ
afbr-73	33	18	literature	literature	NOUN
afbr-73	33	19	,	,	PUNCT
afbr-73	33	20	section	section	NOUN
afbr-73	33	21	three	three	NUM
afbr-73	33	22	deals	deal	NOUN
afbr-73	33	23	with	with	ADP
afbr-73	33	24	the	the	DET
afbr-73	33	25	research	research	NOUN
afbr-73	33	26	methodology	methodology	NOUN
afbr-73	33	27	.	.	PUNCT
afbr-73	34	1	section	section	NOUN
afbr-73	34	2	four	four	NUM
afbr-73	34	3	deals	deal	NOUN
afbr-73	34	4	with	with	ADP
afbr-73	34	5	the	the	DET
afbr-73	34	6	data	data	NOUN
afbr-73	34	7	analysis	analysis	NOUN
afbr-73	34	8	and	and	CCONJ
afbr-73	34	9	presentation	presentation	NOUN
afbr-73	34	10	and	and	CCONJ
afbr-73	34	11	the	the	DET
afbr-73	34	12	fifth	fifth	ADJ
afbr-73	34	13	section	section	NOUN
afbr-73	34	14	contain	contain	VERB
afbr-73	34	15	the	the	DET
afbr-73	34	16	conclusion	conclusion	NOUN
afbr-73	34	17	and	and	CCONJ
afbr-73	34	18	recommendations	recommendation	NOUN
afbr-73	34	19	from	from	ADP
afbr-73	34	20	the	the	DET
afbr-73	34	21	findings	finding	NOUN
afbr-73	34	22	.	.	PUNCT
afbr-73	35	1	2	2	X
afbr-73	35	2	.	.	X
afbr-73	35	3	literature	literature	NOUN
afbr-73	35	4	review	review	VERB
afbr-73	35	5	a	a	DET
afbr-73	35	6	firm	firm	NOUN
afbr-73	35	7	raises	raise	VERB
afbr-73	35	8	funds	fund	NOUN
afbr-73	35	9	from	from	ADP
afbr-73	35	10	various	various	ADJ
afbr-73	35	11	sources	source	NOUN
afbr-73	35	12	,	,	PUNCT
afbr-73	35	13	which	which	PRON
afbr-73	35	14	are	be	AUX
afbr-73	35	15	called	call	VERB
afbr-73	35	16	the	the	DET
afbr-73	35	17	components	component	NOUN
afbr-73	35	18	of	of	ADP
afbr-73	35	19	capital	capital	NOUN
afbr-73	35	20	.	.	PUNCT
afbr-73	36	1	different	different	ADJ
afbr-73	36	2	sources	source	NOUN
afbr-73	36	3	of	of	ADP
afbr-73	36	4	fund	fund	NOUN
afbr-73	36	5	or	or	CCONJ
afbr-73	36	6	the	the	DET
afbr-73	36	7	components	component	NOUN
afbr-73	36	8	of	of	ADP
afbr-73	36	9	capital	capital	NOUN
afbr-73	36	10	have	have	VERB
afbr-73	36	11	different	different	ADJ
afbr-73	36	12	costs	cost	NOUN
afbr-73	36	13	.	.	PUNCT
afbr-73	37	1	the	the	DET
afbr-73	37	2	cost	cost	NOUN
afbr-73	37	3	of	of	ADP
afbr-73	37	4	raising	raise	VERB
afbr-73	37	5	funds	fund	NOUN
afbr-73	37	6	through	through	ADP
afbr-73	37	7	issuing	issue	VERB
afbr-73	37	8	equity	equity	NOUN
afbr-73	37	9	shares	share	NOUN
afbr-73	37	10	is	be	AUX
afbr-73	37	11	different	different	ADJ
afbr-73	37	12	from	from	ADP
afbr-73	37	13	that	that	PRON
afbr-73	37	14	of	of	ADP
afbr-73	37	15	raising	raise	VERB
afbr-73	37	16	funds	fund	NOUN
afbr-73	37	17	through	through	ADP
afbr-73	37	18	issuing	issue	VERB
afbr-73	37	19	preference	preference	NOUN
afbr-73	37	20	shares	share	NOUN
afbr-73	37	21	.	.	PUNCT
afbr-73	38	1	the	the	DET
afbr-73	38	2	cost	cost	NOUN
afbr-73	38	3	of	of	ADP
afbr-73	38	4	each	each	DET
afbr-73	38	5	source	source	NOUN
afbr-73	38	6	is	be	AUX
afbr-73	38	7	the	the	DET
afbr-73	38	8	specific	specific	ADJ
afbr-73	38	9	cost	cost	NOUN
afbr-73	38	10	of	of	ADP
afbr-73	38	11	that	that	DET
afbr-73	38	12	source	source	NOUN
afbr-73	38	13	,	,	PUNCT
afbr-73	38	14	the	the	DET
afbr-73	38	15	average	average	NOUN
afbr-73	38	16	of	of	ADP
afbr-73	38	17	which	which	PRON
afbr-73	38	18	gives	give	VERB
afbr-73	38	19	the	the	DET
afbr-73	38	20	overall	overall	ADJ
afbr-73	38	21	cost	cost	NOUN
afbr-73	38	22	for	for	ADP
afbr-73	38	23	acquiring	acquire	VERB
afbr-73	38	24	capital	capital	NOUN
afbr-73	38	25	.	.	PUNCT
afbr-73	39	1	the	the	DET
afbr-73	39	2	firm	firm	NOUN
afbr-73	39	3	invests	invest	VERB
afbr-73	39	4	the	the	DET
afbr-73	39	5	funds	fund	NOUN
afbr-73	39	6	in	in	ADP
afbr-73	39	7	various	various	ADJ
afbr-73	39	8	assets	asset	NOUN
afbr-73	39	9	.	.	PUNCT
afbr-73	40	1	so	so	ADV
afbr-73	40	2	it	it	PRON
afbr-73	40	3	should	should	AUX
afbr-73	40	4	earn	earn	VERB
afbr-73	40	5	returns	return	NOUN
afbr-73	40	6	that	that	PRON
afbr-73	40	7	are	be	AUX
afbr-73	40	8	higher	high	ADJ
afbr-73	40	9	than	than	ADP
afbr-73	40	10	the	the	DET
afbr-73	40	11	cost	cost	NOUN
afbr-73	40	12	of	of	ADP
afbr-73	40	13	raising	raise	VERB
afbr-73	40	14	the	the	DET
afbr-73	40	15	funds	fund	NOUN
afbr-73	40	16	.	.	PUNCT
afbr-73	41	1	in	in	ADP
afbr-73	41	2	this	this	DET
afbr-73	41	3	sense	sense	NOUN
afbr-73	41	4	the	the	DET
afbr-73	41	5	minimum	minimum	ADJ
afbr-73	41	6	return	return	NOUN
afbr-73	41	7	a	a	DET
afbr-73	41	8	firm	firm	NOUN
afbr-73	41	9	earns	earn	VERB
afbr-73	41	10	must	must	AUX
afbr-73	41	11	be	be	AUX
afbr-73	41	12	equal	equal	ADJ
afbr-73	41	13	to	to	ADP
afbr-73	41	14	the	the	DET
afbr-73	41	15	cost	cost	NOUN
afbr-73	41	16	of	of	ADP
afbr-73	41	17	raising	raise	VERB
afbr-73	41	18	the	the	DET
afbr-73	41	19	fund	fund	NOUN
afbr-73	41	20	.	.	PUNCT
afbr-73	42	1	the	the	DET
afbr-73	42	2	cost	cost	NOUN
afbr-73	42	3	of	of	ADP
afbr-73	42	4	capital	capital	NOUN
afbr-73	42	5	may	may	AUX
afbr-73	42	6	be	be	AUX
afbr-73	42	7	viewed	view	VERB
afbr-73	42	8	from	from	ADP
afbr-73	42	9	two	two	NUM
afbr-73	42	10	viewpoints	viewpoint	NOUN
afbr-73	42	11	acquisition	acquisition	NOUN
afbr-73	42	12	of	of	ADP
afbr-73	42	13	funds	fund	NOUN
afbr-73	42	14	and	and	CCONJ
afbr-73	42	15	application	application	NOUN
afbr-73	42	16	of	of	ADP
afbr-73	42	17	funds	fund	NOUN
afbr-73	42	18	.	.	PUNCT
afbr-73	43	1	from	from	ADP
afbr-73	43	2	the	the	DET
afbr-73	43	3	viewpoint	viewpoint	NOUN
afbr-73	43	4	of	of	ADP
afbr-73	43	5	acquisition	acquisition	NOUN
afbr-73	43	6	of	of	ADP
afbr-73	43	7	funds	fund	NOUN
afbr-73	43	8	,	,	PUNCT
afbr-73	43	9	it	it	PRON
afbr-73	43	10	is	be	AUX
afbr-73	43	11	the	the	DET
afbr-73	43	12	borrowing	borrowing	NOUN
afbr-73	43	13	rate	rate	NOUN
afbr-73	43	14	that	that	PRON
afbr-73	43	15	a	a	DET
afbr-73	43	16	firm	firm	NOUN
afbr-73	43	17	will	will	AUX
afbr-73	43	18	try	try	VERB
afbr-73	43	19	to	to	PART
afbr-73	43	20	minimize	minimize	VERB
afbr-73	43	21	.	.	PUNCT
afbr-73	44	1	on	on	ADP
afbr-73	44	2	the	the	DET
afbr-73	44	3	other	other	ADJ
afbr-73	44	4	hand	hand	NOUN
afbr-73	44	5	from	from	ADP
afbr-73	44	6	the	the	DET
afbr-73	44	7	viewpoint	viewpoint	NOUN
afbr-73	44	8	of	of	ADP
afbr-73	44	9	application	application	NOUN
afbr-73	44	10	of	of	ADP
afbr-73	44	11	funds	fund	NOUN
afbr-73	44	12	,	,	PUNCT
afbr-73	44	13	it	it	PRON
afbr-73	44	14	is	be	AUX
afbr-73	44	15	the	the	DET
afbr-73	44	16	required	require	VERB
afbr-73	44	17	rate	rate	NOUN
afbr-73	44	18	of	of	ADP
afbr-73	44	19	return	return	NOUN
afbr-73	44	20	that	that	SCONJ
afbr-73	44	21	a	a	DET
afbr-73	44	22	firm	firm	NOUN
afbr-73	44	23	tries	try	VERB
afbr-73	44	24	to	to	PART
afbr-73	44	25	achieve	achieve	VERB
afbr-73	44	26	.	.	PUNCT
afbr-73	45	1	the	the	DET
afbr-73	45	2	cost	cost	NOUN
afbr-73	45	3	of	of	ADP
afbr-73	45	4	capital	capital	NOUN
afbr-73	45	5	is	be	AUX
afbr-73	45	6	the	the	DET
afbr-73	45	7	average	average	ADJ
afbr-73	45	8	rate	rate	NOUN
afbr-73	45	9	of	of	ADP
afbr-73	45	10	return	return	NOUN
afbr-73	45	11	required	require	VERB
afbr-73	45	12	by	by	ADP
afbr-73	45	13	the	the	DET
afbr-73	45	14	investors	investor	NOUN
afbr-73	45	15	who	who	PRON
afbr-73	45	16	provide	provide	VERB
afbr-73	45	17	long	long	ADJ
afbr-73	45	18	-	-	PUNCT
afbr-73	45	19	term	term	NOUN
afbr-73	45	20	funds	fund	NOUN
afbr-73	45	21	(	(	PUNCT
afbr-73	45	22	ezirim	ezirim	NOUN
afbr-73	45	23	,	,	PUNCT
afbr-73	45	24	2005	2005	NUM
afbr-73	45	25	)	)	PUNCT
afbr-73	45	26	.	.	PUNCT
afbr-73	46	1	in	in	ADP
afbr-73	46	2	other	other	ADJ
afbr-73	46	3	words	word	NOUN
afbr-73	46	4	,	,	PUNCT
afbr-73	46	5	cost	cost	NOUN
afbr-73	46	6	of	of	ADP
afbr-73	46	7	capital	capital	NOUN
afbr-73	46	8	refers	refer	VERB
afbr-73	46	9	to	to	ADP
afbr-73	46	10	the	the	DET
afbr-73	46	11	minimum	minimum	ADJ
afbr-73	46	12	rate	rate	NOUN
afbr-73	46	13	of	of	ADP
afbr-73	46	14	return	return	NOUN
afbr-73	46	15	a	a	DET
afbr-73	46	16	firm	firm	NOUN
afbr-73	46	17	must	must	AUX
afbr-73	46	18	earn	earn	VERB
afbr-73	46	19	on	on	ADP
afbr-73	46	20	its	its	PRON
afbr-73	46	21	investment	investment	NOUN
afbr-73	46	22	so	so	SCONJ
afbr-73	46	23	that	that	SCONJ
afbr-73	46	24	the	the	DET
afbr-73	46	25	market	market	NOUN
afbr-73	46	26	value	value	NOUN
afbr-73	46	27	of	of	ADP
afbr-73	46	28	company	company	NOUN
afbr-73	46	29	’s	’s	PART
afbr-73	46	30	equity	equity	NOUN
afbr-73	46	31	shareholders	shareholder	NOUN
afbr-73	46	32	does	do	AUX
afbr-73	46	33	not	not	PART
afbr-73	46	34	fall	fall	VERB
afbr-73	46	35	.	.	PUNCT
afbr-73	47	1	estimating	estimate	VERB
afbr-73	47	2	the	the	DET
afbr-73	47	3	cost	cost	NOUN
afbr-73	47	4	of	of	ADP
afbr-73	47	5	equity	equity	NOUN
afbr-73	47	6	capital	capital	NOUN
afbr-73	47	7	estimating	estimate	VERB
afbr-73	47	8	the	the	DET
afbr-73	47	9	cost	cost	NOUN
afbr-73	47	10	of	of	ADP
afbr-73	47	11	equity	equity	NOUN
afbr-73	47	12	involves	involve	VERB
afbr-73	47	13	estimating	estimate	VERB
afbr-73	47	14	the	the	DET
afbr-73	47	15	expected	expect	VERB
afbr-73	47	16	return	return	NOUN
afbr-73	47	17	on	on	ADP
afbr-73	47	18	a	a	DET
afbr-73	47	19	firm	firm	NOUN
afbr-73	47	20	’s	’s	PART
afbr-73	47	21	common	common	ADJ
afbr-73	47	22	stock	stock	NOUN
afbr-73	47	23	.	.	PUNCT
afbr-73	48	1	the	the	DET
afbr-73	48	2	cost	cost	NOUN
afbr-73	48	3	of	of	ADP
afbr-73	48	4	equity	equity	NOUN
afbr-73	48	5	includes	include	VERB
afbr-73	48	6	a	a	DET
afbr-73	48	7	risk	risk	NOUN
afbr-73	48	8	premium	premium	NOUN
afbr-73	48	9	to	to	PART
afbr-73	48	10	compensate	compensate	VERB
afbr-73	48	11	shareholders	shareholder	NOUN
afbr-73	48	12	for	for	ADP
afbr-73	48	13	holding	hold	VERB
afbr-73	48	14	a	a	DET
afbr-73	48	15	risky	risky	ADJ
afbr-73	48	16	equity	equity	NOUN
afbr-73	48	17	security	security	NOUN
afbr-73	48	18	rather	rather	ADV
afbr-73	48	19	than	than	ADP
afbr-73	48	20	a	a	DET
afbr-73	48	21	risk	risk	NOUN
afbr-73	48	22	-	-	PUNCT
afbr-73	48	23	free	free	ADJ
afbr-73	48	24	security	security	NOUN
afbr-73	48	25	:	:	PUNCT
afbr-73	48	26			PROPN
afbr-73	48	27			PROPN
afbr-73	48	28	ifi	ifi	NOUN
afbr-73	48	29	rprecoe	rprecoe	PROPN
afbr-73	48	30	r	r	PROPN
afbr-73	48	31			X
afbr-73	48	32	(	(	PUNCT
afbr-73	48	33	1	1	NUM
afbr-73	48	34	)	)	PUNCT
afbr-73	48	35	where	where	SCONJ
afbr-73	48	36	icoe	icoe	NOUN
afbr-73	48	37	=	=	SYM
afbr-73	48	38	firm	firm	NOUN
afbr-73	49	1	i	i	PRON
afbr-73	49	2	’s	’	VERB
afbr-73	49	3	cost	cost	NOUN
afbr-73	49	4	of	of	ADP
afbr-73	49	5	equity	equity	NOUN
afbr-73	49	6	,	,	PUNCT
afbr-73	49	7	cost	cost	NOUN
afbr-73	49	8	of	of	ADP
afbr-73	49	9	capital	capital	NOUN
afbr-73	49	10	and	and	CCONJ
afbr-73	49	11	corporate	corporate	ADJ
afbr-73	49	12	earning	earning	NOUN
afbr-73	49	13	of	of	ADP
afbr-73	49	14	nigeria	nigeria	PROPN
afbr-73	49	15	quoted	quote	VERB
afbr-73	49	16	firms	firm	NOUN
afbr-73	49	17	:	:	PUNCT
afbr-73	49	18	a	a	DET
afbr-73	49	19	multi	multi	ADJ
afbr-73	49	20	-	-	ADJ
afbr-73	49	21	dimensional	dimensional	ADJ
afbr-73	49	22	analysis	analysis	NOUN
afbr-73	49	23	of	of	ADP
afbr-73	49	24	quoted	quote	VERB
afbr-73	49	25	firms	firm	NOUN
afbr-73	49	26	in	in	ADP
afbr-73	49	27	nigeria	nigeria	PROPN
afbr-73	49	28	lucky	lucky	ADJ
afbr-73	49	29	anyike	anyike	ADP
afbr-73	49	30	lucky	lucky	ADJ
afbr-73	49	31	43	43	NUM
afbr-73	49	32			NOUN
afbr-73	49	33	ire	ire	NOUN
afbr-73	49	34	=	=	NOUN
afbr-73	49	35	the	the	DET
afbr-73	49	36	expected	expect	VERB
afbr-73	49	37	future	future	ADJ
afbr-73	49	38	return	return	NOUN
afbr-73	49	39	on	on	ADP
afbr-73	49	40	firm	firm	ADJ
afbr-73	49	41	i	i	PRON
afbr-73	49	42	’s	’	VERB
afbr-73	49	43	equity	equity	NOUN
afbr-73	49	44	,	,	PUNCT
afbr-73	49	45	where	where	SCONJ
afbr-73	49	46	returns	return	NOUN
afbr-73	49	47	include	include	VERB
afbr-73	49	48	capital	capital	NOUN
afbr-73	49	49	gains	gain	NOUN
afbr-73	49	50	and	and	CCONJ
afbr-73	49	51	dividends	dividend	NOUN
afbr-73	49	52	,	,	PUNCT
afbr-73	49	53	fr	fr	NOUN
afbr-73	49	54	=	=	PUNCT
afbr-73	50	1	the	the	DET
afbr-73	50	2	risk	risk	NOUN
afbr-73	50	3	-	-	PUNCT
afbr-73	50	4	free	free	ADJ
afbr-73	50	5	rate	rate	NOUN
afbr-73	50	6	,	,	PUNCT
afbr-73	50	7	and	and	CCONJ
afbr-73	50	8	irp	irp	NOUN
afbr-73	50	9	=	=	PUNCT
afbr-73	50	10	the	the	DET
afbr-73	50	11	equity	equity	NOUN
afbr-73	50	12	risk	risk	NOUN
afbr-73	50	13	premium	premium	NOUN
afbr-73	50	14	for	for	ADP
afbr-73	50	15	holding	hold	VERB
afbr-73	50	16	firm	firm	NOUN
afbr-73	51	1	i	i	PRON
afbr-73	51	2	’s	’	VERB
afbr-73	51	3	stock	stock	NOUN
afbr-73	51	4	.	.	PUNCT
afbr-73	52	1	determining	determine	VERB
afbr-73	52	2	the	the	DET
afbr-73	52	3	cost	cost	NOUN
afbr-73	52	4	of	of	ADP
afbr-73	52	5	equity	equity	NOUN
afbr-73	52	6	using	use	VERB
afbr-73	52	7	the	the	DET
afbr-73	52	8	implied	imply	VERB
afbr-73	52	9	approach	approach	NOUN
afbr-73	52	10	is	be	AUX
afbr-73	52	11	analogous	analogous	ADJ
afbr-73	52	12	to	to	ADP
afbr-73	52	13	determining	determine	VERB
afbr-73	52	14	the	the	DET
afbr-73	52	15	nominal	nominal	ADJ
afbr-73	52	16	yield	yield	NOUN
afbr-73	52	17	to	to	ADP
afbr-73	52	18	maturity	maturity	NOUN
afbr-73	52	19	on	on	ADP
afbr-73	52	20	a	a	DET
afbr-73	52	21	bond	bond	NOUN
afbr-73	52	22	.	.	PUNCT
afbr-73	53	1	the	the	DET
afbr-73	53	2	implied	imply	VERB
afbr-73	53	3	cost	cost	NOUN
afbr-73	53	4	of	of	ADP
afbr-73	53	5	equity	equity	NOUN
afbr-73	53	6	is	be	AUX
afbr-73	53	7	the	the	DET
afbr-73	53	8	discount	discount	NOUN
afbr-73	53	9	rate	rate	NOUN
afbr-73	53	10	that	that	PRON
afbr-73	53	11	sets	set	VERB
afbr-73	53	12	the	the	DET
afbr-73	53	13	current	current	ADJ
afbr-73	53	14	stock	stock	NOUN
afbr-73	53	15	price	price	NOUN
afbr-73	53	16	equal	equal	ADJ
afbr-73	53	17	to	to	ADP
afbr-73	53	18	the	the	DET
afbr-73	53	19	present	present	ADJ
afbr-73	53	20	value	value	NOUN
afbr-73	53	21	of	of	ADP
afbr-73	53	22	expected	expect	VERB
afbr-73	53	23	future	future	ADJ
afbr-73	53	24	dividends	dividend	NOUN
afbr-73	53	25	per	per	ADP
afbr-73	53	26	share	share	NOUN
afbr-73	53	27	.	.	PUNCT
afbr-73	54	1	the	the	DET
afbr-73	54	2	relation	relation	NOUN
afbr-73	54	3	between	between	ADP
afbr-73	54	4	the	the	DET
afbr-73	54	5	current	current	ADJ
afbr-73	54	6	stock	stock	NOUN
afbr-73	54	7	price	price	NOUN
afbr-73	54	8	(	(	PUNCT
afbr-73	54	9	p0	p0	NOUN
afbr-73	54	10	)	)	PUNCT
afbr-73	54	11	,	,	PUNCT
afbr-73	54	12	the	the	DET
afbr-73	54	13	cost	cost	NOUN
afbr-73	54	14	of	of	ADP
afbr-73	54	15	equity	equity	NOUN
afbr-73	54	16	(	(	PUNCT
afbr-73	54	17	r	r	NOUN
afbr-73	54	18	)	)	PUNCT
afbr-73	54	19	,	,	PUNCT
afbr-73	54	20	and	and	CCONJ
afbr-73	54	21	future	future	ADJ
afbr-73	54	22	expected	expect	VERB
afbr-73	54	23	dividends	dividend	NOUN
afbr-73	54	24	per	per	ADP
afbr-73	54	25	share	share	NOUN
afbr-73	54	26	(	(	PUNCT
afbr-73	54	27	d1	d1	PROPN
afbr-73	54	28	,	,	PUNCT
afbr-73	54	29	d2	d2	PROPN
afbr-73	54	30	,	,	PUNCT
afbr-73	54	31	d3	d3	PROPN
afbr-73	54	32	…	…	PUNCT
afbr-73	54	33	)	)	PUNCT
afbr-73	54	34	is	be	AUX
afbr-73	54	35	represented	represent	VERB
afbr-73	54	36	by	by	ADP
afbr-73	54	37	the	the	DET
afbr-73	54	38	dividend	dividend	NOUN
afbr-73	54	39	discount	discount	NOUN
afbr-73	54	40	model	model	NOUN
afbr-73	54	41	(	(	PUNCT
afbr-73	54	42	ddm	ddm	PROPN
afbr-73	54	43	)	)	PUNCT
afbr-73	54	44	.	.	PUNCT
afbr-73	55	1	3	3	NUM
afbr-73	55	2	3	3	NUM
afbr-73	55	3	2	2	NUM
afbr-73	55	4	21	21	NUM
afbr-73	55	5	)	)	PUNCT
afbr-73	55	6	1()1()1	1()1()1	NUM
afbr-73	55	7	(	(	PUNCT
afbr-73	55	8	r	r	NOUN
afbr-73	55	9	d	d	NOUN
afbr-73	55	10	r	r	NOUN
afbr-73	55	11	d	d	NOUN
afbr-73	55	12	r	r	NOUN
afbr-73	55	13	d	d	PROPN
afbr-73	55	14	po	po	PROPN
afbr-73	55	15			PROPN
afbr-73	55	16			PROPN
afbr-73	55	17			PROPN
afbr-73	55	18			PUNCT
afbr-73	55	19			PUNCT
afbr-73	55	20			PROPN
afbr-73	55	21	(	(	PUNCT
afbr-73	55	22	2	2	NUM
afbr-73	55	23	)	)	PUNCT
afbr-73	55	24	the	the	DET
afbr-73	55	25	simplest	simple	ADJ
afbr-73	55	26	form	form	NOUN
afbr-73	55	27	of	of	ADP
afbr-73	55	28	the	the	DET
afbr-73	55	29	ddm	ddm	PROPN
afbr-73	55	30	,	,	PUNCT
afbr-73	55	31	the	the	DET
afbr-73	55	32	gordon	gordon	PROPN
afbr-73	55	33	dividend	dividend	NOUN
afbr-73	55	34	growth	growth	NOUN
afbr-73	55	35	model	model	NOUN
afbr-73	55	36	,	,	PUNCT
afbr-73	55	37	assumes	assume	VERB
afbr-73	55	38	a	a	DET
afbr-73	55	39	constant	constant	ADJ
afbr-73	55	40	perpetual	perpetual	ADJ
afbr-73	55	41	rate	rate	NOUN
afbr-73	55	42	of	of	ADP
afbr-73	55	43	growth	growth	NOUN
afbr-73	55	44	(	(	PUNCT
afbr-73	55	45	g	g	NOUN
afbr-73	55	46	)	)	PUNCT
afbr-73	55	47	in	in	ADP
afbr-73	55	48	expected	expect	VERB
afbr-73	55	49	dividends	dividend	NOUN
afbr-73	55	50	per	per	ADP
afbr-73	55	51	share	share	NOUN
afbr-73	55	52	.	.	PUNCT
afbr-73	56	1	with	with	ADP
afbr-73	56	2	this	this	DET
afbr-73	56	3	assumption	assumption	NOUN
afbr-73	56	4	,	,	PUNCT
afbr-73	56	5	dividends	dividend	NOUN
afbr-73	56	6	are	be	AUX
afbr-73	56	7	an	an	DET
afbr-73	56	8	infinite	infinite	ADJ
afbr-73	56	9	geometric	geometric	ADJ
afbr-73	56	10	series	series	NOUN
afbr-73	56	11	,	,	PUNCT
afbr-73	56	12	and	and	CCONJ
afbr-73	56	13	the	the	DET
afbr-73	56	14	cost	cost	NOUN
afbr-73	56	15	of	of	ADP
afbr-73	56	16	equity	equity	NOUN
afbr-73	56	17	can	can	AUX
afbr-73	56	18	be	be	AUX
afbr-73	56	19	written	write	VERB
afbr-73	56	20	as	as	ADP
afbr-73	56	21	a	a	DET
afbr-73	56	22	function	function	NOUN
afbr-73	56	23	of	of	ADP
afbr-73	56	24	the	the	DET
afbr-73	56	25	dividend	dividend	NOUN
afbr-73	56	26	yield	yield	NOUN
afbr-73	56	27	plus	plus	CCONJ
afbr-73	56	28	the	the	DET
afbr-73	56	29	constant	constant	ADJ
afbr-73	56	30	growth	growth	NOUN
afbr-73	56	31	rate	rate	NOUN
afbr-73	56	32	:	:	PUNCT
afbr-73	57	1	g	g	PROPN
afbr-73	57	2	p	p	X
afbr-73	58	1	d	d	X
afbr-73	58	2	r	r	NOUN
afbr-73	58	3	o	o	X
afbr-73	58	4			ADJ
afbr-73	58	5	1	1	NUM
afbr-73	58	6	(	(	PUNCT
afbr-73	58	7	3	3	NUM
afbr-73	58	8	)	)	PUNCT
afbr-73	58	9	residual	residual	ADJ
afbr-73	58	10	income	income	NOUN
afbr-73	58	11	valuation	valuation	NOUN
afbr-73	58	12	(	(	PUNCT
afbr-73	58	13	riv	riv	NOUN
afbr-73	58	14	)	)	PUNCT
afbr-73	58	15	models	model	NOUN
afbr-73	58	16	address	address	VERB
afbr-73	58	17	the	the	DET
afbr-73	58	18	difficulties	difficulty	NOUN
afbr-73	58	19	in	in	ADP
afbr-73	58	20	estimating	estimate	VERB
afbr-73	58	21	a	a	DET
afbr-73	58	22	long	long	ADJ
afbr-73	58	23	term	term	NOUN
afbr-73	58	24	growth	growth	NOUN
afbr-73	58	25	rate	rate	NOUN
afbr-73	58	26	by	by	ADP
afbr-73	58	27	utilizing	utilize	VERB
afbr-73	58	28	accounting	accounting	NOUN
afbr-73	58	29	information	information	NOUN
afbr-73	58	30	(	(	PUNCT
afbr-73	58	31	lee	lee	PROPN
afbr-73	58	32	,	,	PUNCT
afbr-73	58	33	ng	ng	PROPN
afbr-73	58	34	and	and	CCONJ
afbr-73	58	35	swaminathan	swaminathan	ADV
afbr-73	58	36	,	,	PUNCT
afbr-73	58	37	2004	2004	NUM
afbr-73	58	38	)	)	PUNCT
afbr-73	58	39	.	.	PUNCT
afbr-73	59	1	these	these	DET
afbr-73	59	2	models	model	NOUN
afbr-73	59	3	equate	equate	VERB
afbr-73	59	4	the	the	DET
afbr-73	59	5	current	current	ADJ
afbr-73	59	6	share	share	NOUN
afbr-73	59	7	price	price	NOUN
afbr-73	59	8	to	to	ADP
afbr-73	59	9	the	the	DET
afbr-73	59	10	sum	sum	NOUN
afbr-73	59	11	of	of	ADP
afbr-73	59	12	two	two	NUM
afbr-73	59	13	components	component	NOUN
afbr-73	59	14	:	:	PUNCT
afbr-73	59	15	(	(	PUNCT
afbr-73	59	16	1	1	X
afbr-73	59	17	)	)	PUNCT
afbr-73	59	18	the	the	DET
afbr-73	59	19	present	present	ADJ
afbr-73	59	20	value	value	NOUN
afbr-73	59	21	of	of	ADP
afbr-73	59	22	expected	expect	VERB
afbr-73	59	23	dividends	dividend	NOUN
afbr-73	59	24	per	per	ADP
afbr-73	59	25	share	share	NOUN
afbr-73	59	26	over	over	ADP
afbr-73	59	27	a	a	DET
afbr-73	59	28	short	short	ADJ
afbr-73	59	29	or	or	CCONJ
afbr-73	59	30	medium	medium	ADJ
afbr-73	59	31	-	-	PUNCT
afbr-73	59	32	term	term	NOUN
afbr-73	59	33	horizon	horizon	NOUN
afbr-73	59	34	(	(	PUNCT
afbr-73	59	35	n	n	CCONJ
afbr-73	59	36	)	)	PUNCT
afbr-73	59	37	;	;	PUNCT
afbr-73	59	38	and	and	CCONJ
afbr-73	59	39	(	(	PUNCT
afbr-73	59	40	2	2	X
afbr-73	59	41	)	)	PUNCT
afbr-73	59	42	a	a	DET
afbr-73	59	43	discounted	discount	VERB
afbr-73	59	44	terminal	terminal	ADJ
afbr-73	59	45	value	value	NOUN
afbr-73	59	46	,	,	PUNCT
afbr-73	59	47	which	which	PRON
afbr-73	59	48	is	be	AUX
afbr-73	59	49	the	the	DET
afbr-73	59	50	present	present	ADJ
afbr-73	59	51	value	value	NOUN
afbr-73	59	52	of	of	ADP
afbr-73	59	53	the	the	DET
afbr-73	59	54	expected	expect	VERB
afbr-73	59	55	share	share	NOUN
afbr-73	59	56	price	price	NOUN
afbr-73	59	57	at	at	ADP
afbr-73	59	58	the	the	DET
afbr-73	59	59	end	end	NOUN
afbr-73	59	60	of	of	ADP
afbr-73	59	61	the	the	DET
afbr-73	59	62	forecast	forecast	NOUN
afbr-73	59	63	period	period	NOUN
afbr-73	59	64	,	,	PUNCT
afbr-73	59	65	assuming	assume	VERB
afbr-73	59	66	that	that	SCONJ
afbr-73	59	67	dividends	dividend	NOUN
afbr-73	59	68	then	then	ADV
afbr-73	59	69	grow	grow	VERB
afbr-73	59	70	at	at	ADP
afbr-73	59	71	a	a	DET
afbr-73	59	72	constant	constant	ADJ
afbr-73	59	73	rate	rate	NOUN
afbr-73	59	74	(	(	PUNCT
afbr-73	59	75	gl	gl	NOUN
afbr-73	59	76	)	)	PUNCT
afbr-73	59	77	in	in	ADP
afbr-73	59	78	perpetuity	perpetuity	NOUN
afbr-73	59	79	:	:	PUNCT
afbr-73	59	80	n	n	CCONJ
afbr-73	59	81	n	n	CCONJ
afbr-73	59	82	n	n	PROPN
afbr-73	59	83	t	t	NOUN
afbr-73	59	84	t	t	NOUN
afbr-73	59	85	t	t	X
afbr-73	59	86	o	o	X
afbr-73	59	87	rglr	rglr	ADJ
afbr-73	60	1	d	d	NOUN
afbr-73	60	2	r	r	NOUN
afbr-73	60	3	d	d	PROPN
afbr-73	60	4	p	p	NOUN
afbr-73	60	5	)	)	PUNCT
afbr-73	60	6	1)(()1	1)(()1	NUM
afbr-73	60	7	(	(	PUNCT
afbr-73	60	8	1	1	NUM
afbr-73	60	9	1	1	NUM
afbr-73	60	10			NOUN
afbr-73	60	11			ADV
afbr-73	60	12			PROPN
afbr-73	60	13			PROPN
afbr-73	60	14			SCONJ
afbr-73	60	15			NUM
afbr-73	60	16			X
afbr-73	60	17	(	(	PUNCT
afbr-73	60	18	4	4	X
afbr-73	60	19	)	)	PUNCT
afbr-73	60	20	riv	riv	NOUN
afbr-73	60	21	models	model	NOUN
afbr-73	60	22	assume	assume	VERB
afbr-73	60	23	clean	clean	ADJ
afbr-73	60	24	surplus	surplus	NOUN
afbr-73	60	25	accounting	accounting	NOUN
afbr-73	60	26	which	which	PRON
afbr-73	60	27	requires	require	VERB
afbr-73	60	28	that	that	SCONJ
afbr-73	60	29	earnings	earning	NOUN
afbr-73	60	30	are	be	AUX
afbr-73	60	31	fully	fully	ADV
afbr-73	60	32	allocated	allocate	VERB
afbr-73	60	33	between	between	ADP
afbr-73	60	34	dividends	dividend	NOUN
afbr-73	60	35	and	and	CCONJ
afbr-73	60	36	retained	retain	VERB
afbr-73	60	37	earnings	earning	NOUN
afbr-73	60	38	;	;	PUNCT
afbr-73	60	39	whatever	whatever	DET
afbr-73	60	40	portion	portion	NOUN
afbr-73	60	41	of	of	ADP
afbr-73	60	42	earnings	earning	NOUN
afbr-73	60	43	that	that	PRON
afbr-73	60	44	is	be	AUX
afbr-73	60	45	not	not	PART
afbr-73	60	46	paid	pay	VERB
afbr-73	60	47	out	out	ADP
afbr-73	60	48	in	in	ADP
afbr-73	60	49	dividends	dividend	NOUN
afbr-73	60	50	is	be	AUX
afbr-73	60	51	added	add	VERB
afbr-73	60	52	to	to	ADP
afbr-73	60	53	book	book	NOUN
afbr-73	60	54	value	value	NOUN
afbr-73	60	55	of	of	ADP
afbr-73	60	56	equity	equity	NOUN
afbr-73	60	57	.	.	PUNCT
afbr-73	61	1	hence	hence	ADV
afbr-73	61	2	,	,	PUNCT
afbr-73	61	3	book	book	NOUN
afbr-73	61	4	value	value	NOUN
afbr-73	61	5	per	per	ADP
afbr-73	61	6	share	share	NOUN
afbr-73	61	7	(	(	PUNCT
afbr-73	61	8	bvt	bvt	PROPN
afbr-73	61	9	)	)	PUNCT
afbr-73	61	10	evolves	evolve	NOUN
afbr-73	61	11	according	accord	VERB
afbr-73	61	12	to	to	ADP
afbr-73	61	13	the	the	DET
afbr-73	61	14	following	follow	VERB
afbr-73	61	15	equation	equation	NOUN
afbr-73	61	16	:	:	PUNCT
afbr-73	61	17	111	111	NUM
afbr-73	61	18			NOUN
afbr-73	61	19			PRON
afbr-73	61	20	tttt	tttt	NOUN
afbr-73	61	21	debvbv	debvbv	NOUN
afbr-73	61	22	(	(	PUNCT
afbr-73	61	23	5	5	NUM
afbr-73	61	24	)	)	PUNCT
afbr-73	61	25	and	and	CCONJ
afbr-73	61	26	as	as	ADP
afbr-73	61	27	roet	roet	ADJ
afbr-73	61	28	=	=	SYM
afbr-73	61	29	return	return	NOUN
afbr-73	61	30	on	on	ADP
afbr-73	61	31	book	book	NOUN
afbr-73	61	32	equity	equity	NOUN
afbr-73	61	33	=	=	PROPN
afbr-73	61	34	et	et	NOUN
afbr-73	61	35	/	/	PUNCT
afbr-73	61	36	bvt-1	bvt-1	PUNCT
afbr-73	61	37	then	then	ADV
afbr-73	61	38	bvt+1	bvt+1	NOUN
afbr-73	61	39	)	)	PUNCT
afbr-73	61	40	1(1	1(1	NUM
afbr-73	61	41	(	(	PUNCT
afbr-73	61	42	1	1	NUM
afbr-73	61	43	1	1	NUM
afbr-73	61	44	1	1	NUM
afbr-73	61	45			ADV
afbr-73	61	46			PROPN
afbr-73	61	47			PUNCT
afbr-73	61	48			PRON
afbr-73	61	49	t	t	X
afbr-73	61	50	t	t	X
afbr-73	61	51	tt	tt	X
afbr-73	61	52	e	e	PROPN
afbr-73	61	53	d	d	X
afbr-73	61	54	roebv	roebv	PROPN
afbr-73	61	55	(	(	PUNCT
afbr-73	61	56	6	6	NUM
afbr-73	61	57	)	)	PUNCT
afbr-73	61	58	cost	cost	NOUN
afbr-73	61	59	of	of	ADP
afbr-73	61	60	capital	capital	NOUN
afbr-73	61	61	and	and	CCONJ
afbr-73	61	62	corporate	corporate	ADJ
afbr-73	61	63	earning	earning	NOUN
afbr-73	61	64	of	of	ADP
afbr-73	61	65	nigeria	nigeria	PROPN
afbr-73	61	66	quoted	quote	VERB
afbr-73	61	67	firms	firm	NOUN
afbr-73	61	68	:	:	PUNCT
afbr-73	61	69	a	a	DET
afbr-73	61	70	multi	multi	ADJ
afbr-73	61	71	-	-	ADJ
afbr-73	61	72	dimensional	dimensional	ADJ
afbr-73	61	73	analysis	analysis	NOUN
afbr-73	61	74	of	of	ADP
afbr-73	61	75	quoted	quote	VERB
afbr-73	61	76	firms	firm	NOUN
afbr-73	61	77	in	in	ADP
afbr-73	61	78	nigeria	nigeria	PROPN
afbr-73	61	79	lucky	lucky	ADJ
afbr-73	61	80	anyike	anyike	ADP
afbr-73	61	81	lucky	lucky	ADJ
afbr-73	61	82	44	44	NUM
afbr-73	61	83	assuming	assume	VERB
afbr-73	61	84	that	that	SCONJ
afbr-73	61	85	return	return	NOUN
afbr-73	61	86	on	on	ADP
afbr-73	61	87	book	book	NOUN
afbr-73	61	88	equity	equity	NOUN
afbr-73	61	89	and	and	CCONJ
afbr-73	61	90	the	the	DET
afbr-73	61	91	dividend	dividend	NOUN
afbr-73	61	92	payout	payout	NOUN
afbr-73	61	93	ratio	ratio	NOUN
afbr-73	61	94	after	after	ADP
afbr-73	61	95	time	time	NOUN
afbr-73	61	96	n+1	n+1	NUM
afbr-73	61	97	remain	remain	VERB
afbr-73	61	98	constant	constant	ADJ
afbr-73	61	99	,	,	PUNCT
afbr-73	61	100	the	the	DET
afbr-73	61	101	following	follow	VERB
afbr-73	61	102	constraint	constraint	NOUN
afbr-73	61	103	is	be	AUX
afbr-73	61	104	imposed	impose	VERB
afbr-73	61	105	on	on	ADP
afbr-73	61	106	the	the	DET
afbr-73	61	107	long	long	ADJ
afbr-73	61	108	-	-	PUNCT
afbr-73	61	109	term	term	NOUN
afbr-73	61	110	growth	growth	NOUN
afbr-73	61	111	rate	rate	NOUN
afbr-73	61	112	of	of	ADP
afbr-73	61	113	dividends	dividend	NOUN
afbr-73	61	114	per	per	ADP
afbr-73	61	115	share	share	NOUN
afbr-73	61	116	(	(	PUNCT
afbr-73	61	117	gl	gl	NOUN
afbr-73	61	118	)	)	PUNCT
afbr-73	61	119	in	in	ADP
afbr-73	61	120	equation	equation	NOUN
afbr-73	61	121	(	(	PUNCT
afbr-73	61	122	4	4	NUM
afbr-73	61	123	)	)	PUNCT
afbr-73	61	124	)	)	PUNCT
afbr-73	62	1	1	1	NUM
afbr-73	62	2	(	(	PUNCT
afbr-73	62	3	1	1	NUM
afbr-73	62	4	1	1	NUM
afbr-73	62	5	1	1	NUM
afbr-73	62	6			ADV
afbr-73	62	7			PROPN
afbr-73	62	8			VERB
afbr-73	62	9			PROPN
afbr-73	62	10	n	n	CCONJ
afbr-73	62	11	n	n	CCONJ
afbr-73	62	12	nl	nl	NOUN
afbr-73	62	13	e	e	PROPN
afbr-73	62	14	d	d	X
afbr-73	62	15	roeg	roeg	X
afbr-73	62	16	(	(	PUNCT
afbr-73	62	17	7	7	NUM
afbr-73	62	18	)	)	PUNCT
afbr-73	62	19	claus	claus	NOUN
afbr-73	62	20	and	and	CCONJ
afbr-73	62	21	thomas	thomas	PROPN
afbr-73	62	22	(	(	PUNCT
afbr-73	62	23	2001	2001	NUM
afbr-73	62	24	)	)	PUNCT
afbr-73	62	25	implement	implement	VERB
afbr-73	62	26	the	the	DET
afbr-73	62	27	riv	riv	NOUN
afbr-73	62	28	model	model	NOUN
afbr-73	62	29	using	use	VERB
afbr-73	62	30	a	a	DET
afbr-73	62	31	four	four	NUM
afbr-73	62	32	-	-	PUNCT
afbr-73	62	33	year	year	NOUN
afbr-73	62	34	forecasting	forecasting	NOUN
afbr-73	62	35	horizon	horizon	NOUN
afbr-73	62	36	(	(	PUNCT
afbr-73	62	37	n=4	n=4	NOUN
afbr-73	62	38	)	)	PUNCT
afbr-73	62	39	and	and	CCONJ
afbr-73	62	40	set	set	VERB
afbr-73	62	41	the	the	DET
afbr-73	62	42	growth	growth	NOUN
afbr-73	62	43	rate	rate	NOUN
afbr-73	62	44	(	(	PUNCT
afbr-73	62	45	gl	gl	NOUN
afbr-73	62	46	)	)	PUNCT
afbr-73	62	47	equal	equal	ADJ
afbr-73	62	48	to	to	ADP
afbr-73	62	49	the	the	DET
afbr-73	62	50	expected	expect	VERB
afbr-73	62	51	inflation	inflation	NOUN
afbr-73	62	52	rate	rate	NOUN
afbr-73	62	53	(	(	PUNCT
afbr-73	62	54	pe	pe	INTJ
afbr-73	62	55	)	)	PUNCT
afbr-73	62	56	in	in	ADP
afbr-73	62	57	order	order	NOUN
afbr-73	62	58	to	to	PART
afbr-73	62	59	calculate	calculate	VERB
afbr-73	62	60	a	a	DET
afbr-73	62	61	nominal	nominal	ADJ
afbr-73	62	62	cost	cost	NOUN
afbr-73	62	63	of	of	ADP
afbr-73	62	64	equity.8	equity.8	ADJ
afbr-73	62	65	dividends	dividend	NOUN
afbr-73	62	66	per	per	ADP
afbr-73	62	67	share	share	NOUN
afbr-73	62	68	in	in	ADP
afbr-73	62	69	year	year	NOUN
afbr-73	62	70	five	five	NUM
afbr-73	62	71	are	be	AUX
afbr-73	62	72	backed	back	VERB
afbr-73	62	73	out	out	ADP
afbr-73	62	74	from	from	ADP
afbr-73	62	75	equation	equation	NOUN
afbr-73	62	76	(	(	PUNCT
afbr-73	62	77	6	6	NUM
afbr-73	62	78	)	)	PUNCT
afbr-73	62	79	as	as	SCONJ
afbr-73	62	80	follows	follow	VERB
afbr-73	62	81	:	:	PUNCT
afbr-73	62	82	55	55	NUM
afbr-73	62	83	1()1	1()1	NUM
afbr-73	62	84	(	(	PUNCT
afbr-73	62	85	roe	roe	PROPN
afbr-73	62	86	es	es	PROPN
afbr-73	62	87	roe	roe	PROPN
afbr-73	62	88	g	g	PROPN
afbr-73	62	89	ed	ed	PROPN
afbr-73	62	90	el	el	PROPN
afbr-73	62	91	ss	ss	PROPN
afbr-73	63	1			PROPN
afbr-73	64	1			PROPN
afbr-73	65	1	(	(	PUNCT
afbr-73	65	2	8)	8)	NUM
afbr-73	65	3	so	so	CCONJ
afbr-73	65	4	the	the	DET
afbr-73	65	5	cost	cost	NOUN
afbr-73	65	6	of	of	ADP
afbr-73	65	7	equity	equity	NOUN
afbr-73	65	8	in	in	ADP
afbr-73	65	9	the	the	DET
afbr-73	65	10	claus	claus	NOUN
afbr-73	65	11	and	and	CCONJ
afbr-73	65	12	thomas	thomas	PROPN
afbr-73	65	13	(	(	PUNCT
afbr-73	65	14	2001	2001	NUM
afbr-73	65	15	)	)	PUNCT
afbr-73	65	16	model	model	NOUN
afbr-73	65	17	is	be	AUX
afbr-73	65	18	the	the	DET
afbr-73	65	19	value	value	NOUN
afbr-73	65	20	of	of	ADP
afbr-73	65	21	r	r	NOUN
afbr-73	65	22	that	that	PRON
afbr-73	65	23	solves	solve	VERB
afbr-73	65	24	the	the	DET
afbr-73	65	25	following	follow	VERB
afbr-73	65	26	equation	equation	NOUN
afbr-73	65	27	:	:	PUNCT
afbr-73	65	28	4	4	NUM
afbr-73	65	29	5	5	NUM
afbr-73	65	30	4	4	NUM
afbr-73	65	31	1	1	NUM
afbr-73	65	32	)	)	PUNCT
afbr-73	65	33	1)(()1	1)(()1	NUM
afbr-73	65	34	(	(	PUNCT
afbr-73	65	35	rr	rr	NOUN
afbr-73	66	1	d	d	NOUN
afbr-73	66	2	r	r	NOUN
afbr-73	66	3	d	d	X
afbr-73	66	4	p	p	X
afbr-73	66	5	et	et	NOUN
afbr-73	66	6	t	t	NOUN
afbr-73	66	7	t	t	NOUN
afbr-73	66	8	o	o	PROPN
afbr-73	66	9			PROPN
afbr-73	66	10			ADV
afbr-73	66	11			VERB
afbr-73	66	12			PROPN
afbr-73	67	1			PROPN
afbr-73	67	2			PROPN
afbr-73	67	3	(	(	PUNCT
afbr-73	67	4	9	9	NUM
afbr-73	67	5	)	)	PUNCT
afbr-73	67	6	if	if	SCONJ
afbr-73	67	7	dividends	dividend	NOUN
afbr-73	67	8	are	be	AUX
afbr-73	67	9	all	all	ADV
afbr-73	67	10	positive	positive	ADJ
afbr-73	67	11	and	and	CCONJ
afbr-73	67	12	the	the	DET
afbr-73	67	13	cost	cost	NOUN
afbr-73	67	14	of	of	ADP
afbr-73	67	15	equity	equity	NOUN
afbr-73	67	16	is	be	AUX
afbr-73	67	17	greater	great	ADJ
afbr-73	67	18	than	than	ADP
afbr-73	67	19	the	the	DET
afbr-73	67	20	expected	expect	VERB
afbr-73	67	21	inflation	inflation	NOUN
afbr-73	67	22	rate	rate	NOUN
afbr-73	67	23	,	,	PUNCT
afbr-73	67	24	there	there	PRON
afbr-73	67	25	is	be	VERB
afbr-73	67	26	only	only	ADV
afbr-73	67	27	one	one	NUM
afbr-73	67	28	value	value	NOUN
afbr-73	67	29	of	of	ADP
afbr-73	67	30	r	r	NOUN
afbr-73	67	31	that	that	PRON
afbr-73	67	32	will	will	AUX
afbr-73	67	33	solve	solve	VERB
afbr-73	67	34	this	this	DET
afbr-73	67	35	equation	equation	NOUN
afbr-73	67	36	.	.	PUNCT
afbr-73	68	1	another	another	DET
afbr-73	68	2	class	class	NOUN
afbr-73	68	3	of	of	ADP
afbr-73	68	4	implied	imply	VERB
afbr-73	68	5	models	model	NOUN
afbr-73	68	6	assumes	assume	VERB
afbr-73	68	7	that	that	SCONJ
afbr-73	68	8	the	the	DET
afbr-73	68	9	change	change	NOUN
afbr-73	68	10	in	in	ADP
afbr-73	68	11	abnormal	abnormal	ADJ
afbr-73	68	12	earnings	earning	NOUN
afbr-73	68	13	from	from	ADP
afbr-73	68	14	year	year	NOUN
afbr-73	68	15	to	to	ADP
afbr-73	68	16	year	year	NOUN
afbr-73	68	17	grows	grow	VERB
afbr-73	68	18	at	at	ADP
afbr-73	68	19	a	a	DET
afbr-73	68	20	constant	constant	ADJ
afbr-73	68	21	rate	rate	NOUN
afbr-73	68	22	into	into	ADP
afbr-73	68	23	perpetuity	perpetuity	NOUN
afbr-73	68	24	(	(	PUNCT
afbr-73	68	25	gode	gode	NOUN
afbr-73	68	26	and	and	CCONJ
afbr-73	68	27	mohanram	mohanram	PROPN
afbr-73	68	28	,	,	PUNCT
afbr-73	68	29	2003	2003	NUM
afbr-73	68	30	)	)	PUNCT
afbr-73	68	31	.	.	PUNCT
afbr-73	69	1	this	this	PRON
afbr-73	69	2	is	be	AUX
afbr-73	69	3	similar	similar	ADJ
afbr-73	69	4	to	to	ADP
afbr-73	69	5	assuming	assume	VERB
afbr-73	69	6	that	that	SCONJ
afbr-73	69	7	the	the	DET
afbr-73	69	8	forecasted	forecast	VERB
afbr-73	69	9	change	change	NOUN
afbr-73	69	10	in	in	ADP
afbr-73	69	11	dividends	dividend	NOUN
afbr-73	69	12	grows	grow	VERB
afbr-73	69	13	at	at	ADP
afbr-73	69	14	a	a	DET
afbr-73	69	15	constant	constant	ADJ
afbr-73	69	16	rate	rate	NOUN
afbr-73	69	17	,	,	PUNCT
afbr-73	69	18	if	if	SCONJ
afbr-73	69	19	the	the	DET
afbr-73	69	20	change	change	NOUN
afbr-73	69	21	in	in	ADP
afbr-73	69	22	dividends	dividend	NOUN
afbr-73	69	23	is	be	AUX
afbr-73	69	24	calculated	calculate	VERB
afbr-73	69	25	as	as	ADP
afbr-73	69	26	:	:	PUNCT
afbr-73	69	27	)	)	PUNCT
afbr-73	69	28	(	(	PUNCT
afbr-73	69	29	)	)	PUNCT
afbr-73	69	30	(	(	PUNCT
afbr-73	69	31	111212	111212	NUM
afbr-73	69	32	degeedd	degeedd	PROPN
afbr-73	69	33	l	l	PROPN
afbr-73	69	34			PROPN
afbr-73	69	35	(	(	PUNCT
afbr-73	69	36	10	10	NUM
afbr-73	69	37	)	)	PUNCT
afbr-73	69	38	in	in	ADP
afbr-73	69	39	the	the	DET
afbr-73	69	40	ohlson	ohlson	NOUN
afbr-73	69	41	and	and	CCONJ
afbr-73	69	42	juettner	juettner	NOUN
afbr-73	69	43	-	-	PUNCT
afbr-73	69	44	nauroth	nauroth	PROPN
afbr-73	69	45	(	(	PUNCT
afbr-73	69	46	2003	2003	NUM
afbr-73	69	47	)	)	PUNCT
afbr-73	69	48	version	version	NOUN
afbr-73	69	49	,	,	PUNCT
afbr-73	69	50	a	a	DET
afbr-73	69	51	closed	closed	ADJ
afbr-73	69	52	form	form	NOUN
afbr-73	69	53	solution	solution	NOUN
afbr-73	69	54	for	for	ADP
afbr-73	69	55	the	the	DET
afbr-73	69	56	cost	cost	NOUN
afbr-73	69	57	of	of	ADP
afbr-73	69	58	equity	equity	NOUN
afbr-73	69	59	can	can	AUX
afbr-73	69	60	be	be	AUX
afbr-73	69	61	backed	back	VERB
afbr-73	69	62	out	out	ADP
afbr-73	69	63	from	from	ADP
afbr-73	69	64	the	the	DET
afbr-73	69	65	following	follow	VERB
afbr-73	69	66	relation	relation	NOUN
afbr-73	69	67	between	between	ADP
afbr-73	69	68	prices	price	NOUN
afbr-73	69	69	,	,	PUNCT
afbr-73	69	70	next	next	ADJ
afbr-73	69	71	year	year	NOUN
afbr-73	69	72	’s	’s	PART
afbr-73	69	73	earnings	earning	NOUN
afbr-73	69	74	per	per	ADP
afbr-73	69	75	share	share	NOUN
afbr-73	69	76	estimate	estimate	NOUN
afbr-73	69	77	and	and	CCONJ
afbr-73	69	78	next	next	ADJ
afbr-73	69	79	year	year	NOUN
afbr-73	69	80	’s	’s	PART
afbr-73	69	81	expected	expect	VERB
afbr-73	69	82	dividends	dividend	NOUN
afbr-73	69	83	per	per	ADP
afbr-73	69	84	share	share	NOUN
afbr-73	69	85	:	:	PUNCT
afbr-73	69	86	)	)	PUNCT
afbr-73	69	87	(	(	PUNCT
afbr-73	69	88	)	)	PUNCT
afbr-73	69	89	(	(	PUNCT
afbr-73	69	90	11	11	NUM
afbr-73	69	91	l	l	NOUN
afbr-73	70	1	ls	ls	PROPN
afbr-73	70	2	l	l	NOUN
afbr-73	70	3	o	o	X
afbr-73	71	1	grr	grr	PROPN
afbr-73	71	2	gge	gge	NOUN
afbr-73	71	3	gr	gr	PROPN
afbr-73	72	1	d	d	PROPN
afbr-73	72	2	p	p	X
afbr-73	72	3			PROPN
afbr-73	72	4			PROPN
afbr-73	72	5			VERB
afbr-73	72	6			PROPN
afbr-73	72	7			PROPN
afbr-73	72	8	(	(	PUNCT
afbr-73	72	9	11	11	NUM
afbr-73	72	10	)	)	PUNCT
afbr-73	73	1	where	where	SCONJ
afbr-73	73	2	sg	sg	PROPN
afbr-73	73	3	=	=	PUNCT
afbr-73	73	4	short	short	ADJ
afbr-73	73	5	-	-	PUNCT
afbr-73	73	6	term	term	NOUN
afbr-73	73	7	dividends	dividend	NOUN
afbr-73	73	8	per	per	ADP
afbr-73	73	9	share	share	NOUN
afbr-73	73	10	growth	growth	NOUN
afbr-73	73	11	rate	rate	NOUN
afbr-73	73	12	=	=	SYM
afbr-73	73	13			NOUN
afbr-73	73	14			SYM
afbr-73	73	15	112	112	NUM
afbr-73	73	16	/	/	SYM
afbr-73	73	17	eee	eee	NOUN
afbr-73	73	18			NOUN
afbr-73	73	19	lg	lg	NOUN
afbr-73	73	20	=	=	PROPN
afbr-73	73	21	a	a	DET
afbr-73	73	22	long	long	ADJ
afbr-73	73	23	-	-	PUNCT
afbr-73	73	24	term	term	NOUN
afbr-73	73	25	dividends	dividend	NOUN
afbr-73	73	26	per	per	ADP
afbr-73	73	27	share	share	NOUN
afbr-73	73	28	growth	growth	NOUN
afbr-73	73	29	rate	rate	PROPN
afbr-73	73	30	easton	easton	PROPN
afbr-73	73	31	’s	’s	PART
afbr-73	73	32	(	(	PUNCT
afbr-73	73	33	2003	2003	NUM
afbr-73	73	34	)	)	PUNCT
afbr-73	73	35	model	model	NOUN
afbr-73	73	36	,	,	PUNCT
afbr-73	73	37	called	call	VERB
afbr-73	73	38	the	the	DET
afbr-73	73	39	modified	modify	VERB
afbr-73	73	40	-	-	PUNCT
afbr-73	73	41	peg	peg	NOUN
afbr-73	73	42	ratio	ratio	NOUN
afbr-73	73	43	model,10	model,10	NOUN
afbr-73	73	44	is	be	AUX
afbr-73	73	45	just	just	ADV
afbr-73	73	46	a	a	DET
afbr-73	73	47	special	special	ADJ
afbr-73	73	48	case	case	NOUN
afbr-73	73	49	of	of	ADP
afbr-73	73	50	the	the	DET
afbr-73	73	51	ohlson	ohlson	NOUN
afbr-73	73	52	and	and	CCONJ
afbr-73	73	53	juettner	juettner	NOUN
afbr-73	73	54	-	-	PUNCT
afbr-73	73	55	nauroth	nauroth	NOUN
afbr-73	73	56	model	model	NOUN
afbr-73	73	57	,	,	PUNCT
afbr-73	73	58	where	where	SCONJ
afbr-73	73	59	the	the	DET
afbr-73	73	60	growth	growth	NOUN
afbr-73	73	61	rate	rate	NOUN
afbr-73	73	62	in	in	ADP
afbr-73	73	63	the	the	DET
afbr-73	73	64	change	change	NOUN
afbr-73	73	65	in	in	ADP
afbr-73	73	66	dividends	dividend	NOUN
afbr-73	73	67	is	be	AUX
afbr-73	73	68	set	set	VERB
afbr-73	73	69	equal	equal	ADJ
afbr-73	73	70	to	to	ADP
afbr-73	73	71	zero	zero	NUM
afbr-73	73	72	(	(	PUNCT
afbr-73	73	73	gl	gl	NOUN
afbr-73	73	74	=	=	SYM
afbr-73	73	75	0	0	NUM
afbr-73	73	76	)	)	PUNCT
afbr-73	73	77	so	so	SCONJ
afbr-73	73	78	that	that	SCONJ
afbr-73	73	79	dividends	dividend	NOUN
afbr-73	73	80	grow	grow	VERB
afbr-73	73	81	by	by	ADP
afbr-73	73	82	the	the	DET
afbr-73	73	83	same	same	ADJ
afbr-73	73	84	dollar	dollar	NOUN
afbr-73	73	85	amount	amount	NOUN
afbr-73	73	86	every	every	DET
afbr-73	73	87	year	year	NOUN
afbr-73	73	88	into	into	ADP
afbr-73	73	89	perpetuity	perpetuity	NOUN
afbr-73	73	90	.	.	PUNCT
afbr-73	74	1	the	the	DET
afbr-73	74	2	current	current	ADJ
afbr-73	74	3	stock	stock	NOUN
afbr-73	74	4	price	price	NOUN
afbr-73	74	5	is	be	AUX
afbr-73	74	6	related	relate	VERB
afbr-73	74	7	to	to	ADP
afbr-73	74	8	the	the	DET
afbr-73	74	9	cost	cost	NOUN
afbr-73	74	10	of	of	ADP
afbr-73	74	11	equity	equity	NOUN
afbr-73	74	12	,	,	PUNCT
afbr-73	74	13	the	the	DET
afbr-73	74	14	next	next	ADJ
afbr-73	74	15	two	two	NUM
afbr-73	74	16	year	year	NOUN
afbr-73	74	17	’s	’s	PART
afbr-73	74	18	forecasted	forecast	VERB
afbr-73	74	19	earnings	earning	NOUN
afbr-73	74	20	,	,	PUNCT
afbr-73	74	21	as	as	ADV
afbr-73	74	22	well	well	ADV
afbr-73	74	23	as	as	ADP
afbr-73	74	24	the	the	DET
afbr-73	74	25	next	next	ADJ
afbr-73	74	26	year	year	NOUN
afbr-73	74	27	’s	’s	PART
afbr-73	74	28	dividend	dividend	NOUN
afbr-73	74	29	:	:	PUNCT
afbr-73	74	30	cost	cost	NOUN
afbr-73	74	31	of	of	ADP
afbr-73	74	32	capital	capital	NOUN
afbr-73	74	33	and	and	CCONJ
afbr-73	74	34	corporate	corporate	ADJ
afbr-73	74	35	earning	earning	NOUN
afbr-73	74	36	of	of	ADP
afbr-73	74	37	nigeria	nigeria	PROPN
afbr-73	74	38	quoted	quote	VERB
afbr-73	74	39	firms	firm	NOUN
afbr-73	74	40	:	:	PUNCT
afbr-73	74	41	a	a	DET
afbr-73	74	42	multi	multi	ADJ
afbr-73	74	43	-	-	ADJ
afbr-73	74	44	dimensional	dimensional	ADJ
afbr-73	74	45	analysis	analysis	NOUN
afbr-73	74	46	of	of	ADP
afbr-73	74	47	quoted	quote	VERB
afbr-73	74	48	firms	firm	NOUN
afbr-73	74	49	in	in	ADP
afbr-73	74	50	nigeria	nigeria	PROPN
afbr-73	74	51	lucky	lucky	ADJ
afbr-73	75	1	anyike	anyike	ADP
afbr-73	75	2	lucky	lucky	ADJ
afbr-73	76	1	45	45	NUM
afbr-73	76	2	2	2	NUM
afbr-73	76	3	1	1	NUM
afbr-73	76	4	1	1	NUM
afbr-73	76	5	r	r	NOUN
afbr-73	76	6	ge	ge	NOUN
afbr-73	76	7	r	r	NOUN
afbr-73	76	8	d	d	PROPN
afbr-73	76	9	p	p	X
afbr-73	76	10	s	s	X
afbr-73	76	11	o	o	X
afbr-73	76	12			ADJ
afbr-73	76	13	(	(	PUNCT
afbr-73	76	14	12	12	NUM
afbr-73	76	15	)	)	PUNCT
afbr-73	76	16	cost	cost	NOUN
afbr-73	76	17	of	of	ADP
afbr-73	76	18	debt	debt	NOUN
afbr-73	76	19	when	when	SCONJ
afbr-73	76	20	companies	company	NOUN
afbr-73	76	21	borrow	borrow	VERB
afbr-73	76	22	funds	fund	NOUN
afbr-73	76	23	from	from	ADP
afbr-73	76	24	outside	outside	ADV
afbr-73	76	25	or	or	CCONJ
afbr-73	76	26	take	take	VERB
afbr-73	76	27	debt	debt	NOUN
afbr-73	76	28	from	from	ADP
afbr-73	76	29	financial	financial	ADJ
afbr-73	76	30	institutions	institution	NOUN
afbr-73	76	31	or	or	CCONJ
afbr-73	76	32	other	other	ADJ
afbr-73	76	33	resources	resource	NOUN
afbr-73	76	34	the	the	DET
afbr-73	76	35	interest	interest	NOUN
afbr-73	76	36	paid	pay	VERB
afbr-73	76	37	on	on	ADP
afbr-73	76	38	that	that	DET
afbr-73	76	39	amount	amount	NOUN
afbr-73	76	40	is	be	AUX
afbr-73	76	41	called	call	VERB
afbr-73	76	42	cost	cost	NOUN
afbr-73	76	43	of	of	ADP
afbr-73	76	44	debt	debt	NOUN
afbr-73	76	45	.	.	PUNCT
afbr-73	77	1	the	the	DET
afbr-73	77	2	cost	cost	NOUN
afbr-73	77	3	of	of	ADP
afbr-73	77	4	debt	debt	NOUN
afbr-73	77	5	is	be	AUX
afbr-73	77	6	computed	compute	VERB
afbr-73	77	7	by	by	ADP
afbr-73	77	8	taking	take	VERB
afbr-73	77	9	the	the	DET
afbr-73	77	10	rate	rate	NOUN
afbr-73	77	11	on	on	ADP
afbr-73	77	12	a	a	DET
afbr-73	77	13	risk	risk	NOUN
afbr-73	77	14	free	free	ADJ
afbr-73	77	15	bound	bind	VERB
afbr-73	77	16	whose	whose	DET
afbr-73	77	17	duration	duration	NOUN
afbr-73	77	18	matches	match	VERB
afbr-73	77	19	the	the	DET
afbr-73	77	20	term	term	NOUN
afbr-73	77	21	structure	structure	NOUN
afbr-73	77	22	of	of	ADP
afbr-73	77	23	the	the	DET
afbr-73	77	24	corporate	corporate	ADJ
afbr-73	77	25	debt	debt	NOUN
afbr-73	77	26	,	,	PUNCT
afbr-73	77	27	then	then	ADV
afbr-73	77	28	adding	add	VERB
afbr-73	77	29	a	a	DET
afbr-73	77	30	default	default	NOUN
afbr-73	77	31	premium	premium	NOUN
afbr-73	77	32	.	.	PUNCT
afbr-73	78	1	this	this	DET
afbr-73	78	2	default	default	NOUN
afbr-73	78	3	premium	premium	NOUN
afbr-73	78	4	will	will	AUX
afbr-73	78	5	rise	rise	VERB
afbr-73	78	6	as	as	ADP
afbr-73	78	7	the	the	DET
afbr-73	78	8	amount	amount	NOUN
afbr-73	78	9	of	of	ADP
afbr-73	78	10	debt	debt	NOUN
afbr-73	78	11	increases	increase	NOUN
afbr-73	78	12	(	(	PUNCT
afbr-73	78	13	since	since	ADV
afbr-73	78	14	,	,	PUNCT
afbr-73	78	15	all	all	DET
afbr-73	78	16	other	other	ADJ
afbr-73	78	17	things	thing	NOUN
afbr-73	78	18	being	be	AUX
afbr-73	78	19	equal	equal	ADJ
afbr-73	78	20	,	,	PUNCT
afbr-73	78	21	the	the	DET
afbr-73	78	22	risk	risk	NOUN
afbr-73	78	23	rises	rise	VERB
afbr-73	78	24	as	as	ADP
afbr-73	78	25	the	the	DET
afbr-73	78	26	cost	cost	NOUN
afbr-73	78	27	of	of	ADP
afbr-73	78	28	debt	debt	NOUN
afbr-73	78	29	rises	rise	NOUN
afbr-73	78	30	)	)	PUNCT
afbr-73	78	31	.	.	PUNCT
afbr-73	79	1	since	since	SCONJ
afbr-73	79	2	in	in	ADP
afbr-73	79	3	most	most	ADJ
afbr-73	79	4	cases	case	NOUN
afbr-73	79	5	debt	debt	NOUN
afbr-73	79	6	expense	expense	NOUN
afbr-73	79	7	is	be	AUX
afbr-73	79	8	a	a	DET
afbr-73	79	9	deductible	deductible	ADJ
afbr-73	79	10	,	,	PUNCT
afbr-73	79	11	the	the	DET
afbr-73	79	12	cost	cost	NOUN
afbr-73	79	13	of	of	ADP
afbr-73	79	14	debt	debt	NOUN
afbr-73	79	15	is	be	AUX
afbr-73	79	16	computed	compute	VERB
afbr-73	79	17	as	as	ADP
afbr-73	79	18	an	an	DET
afbr-73	79	19	after	after	ADP
afbr-73	79	20	tax	tax	NOUN
afbr-73	79	21	cost	cost	NOUN
afbr-73	79	22	to	to	PART
afbr-73	79	23	make	make	VERB
afbr-73	79	24	it	it	PRON
afbr-73	79	25	comparable	comparable	ADJ
afbr-73	79	26	with	with	ADP
afbr-73	79	27	the	the	DET
afbr-73	79	28	cost	cost	NOUN
afbr-73	79	29	of	of	ADP
afbr-73	79	30	equity	equity	NOUN
afbr-73	79	31	(	(	PUNCT
afbr-73	79	32	earnings	earning	NOUN
afbr-73	79	33	are	be	AUX
afbr-73	79	34	taxed	tax	VERB
afbr-73	79	35	as	as	ADV
afbr-73	79	36	well	well	ADV
afbr-73	79	37	)	)	PUNCT
afbr-73	79	38	.	.	PUNCT
afbr-73	80	1	thus	thus	ADV
afbr-73	80	2	,	,	PUNCT
afbr-73	80	3	for	for	ADP
afbr-73	80	4	profitable	profitable	ADJ
afbr-73	80	5	firms	firm	NOUN
afbr-73	80	6	,	,	PUNCT
afbr-73	80	7	debt	debt	NOUN
afbr-73	80	8	is	be	AUX
afbr-73	80	9	discounted	discount	VERB
afbr-73	80	10	by	by	ADP
afbr-73	80	11	the	the	DET
afbr-73	80	12	tax	tax	NOUN
afbr-73	80	13	rate	rate	NOUN
afbr-73	80	14	.	.	PUNCT
afbr-73	81	1	the	the	DET
afbr-73	81	2	formula	formula	NOUN
afbr-73	81	3	can	can	AUX
afbr-73	81	4	be	be	AUX
afbr-73	81	5	written	write	VERB
afbr-73	81	6	as	as	ADP
afbr-73	81	7	:	:	PUNCT
afbr-73	81	8	(	(	PUNCT
afbr-73	81	9	rf	rf	NOUN
afbr-73	81	10	+	+	CCONJ
afbr-73	81	11	credit	credit	NOUN
afbr-73	81	12	risk	risk	NOUN
afbr-73	81	13	rate)(1	rate)(1	PROPN
afbr-73	81	14	–	–	PUNCT
afbr-73	81	15	t	t	PROPN
afbr-73	81	16	)	)	PUNCT
afbr-73	81	17	where	where	SCONJ
afbr-73	81	18	t	t	PROPN
afbr-73	81	19	is	be	AUX
afbr-73	81	20	the	the	DET
afbr-73	81	21	corporate	corporate	ADJ
afbr-73	81	22	tax	tax	NOUN
afbr-73	81	23	rate	rate	NOUN
afbr-73	81	24	and	and	CCONJ
afbr-73	81	25	rf	rf	NOUN
afbr-73	81	26	is	be	AUX
afbr-73	81	27	the	the	DET
afbr-73	81	28	risk	risk	NOUN
afbr-73	81	29	rate	rate	NOUN
afbr-73	81	30	.	.	PUNCT
afbr-73	82	1	lenders	lender	NOUN
afbr-73	82	2	expect	expect	VERB
afbr-73	82	3	payments	payment	NOUN
afbr-73	82	4	of	of	ADP
afbr-73	82	5	their	their	PRON
afbr-73	82	6	loans	loan	NOUN
afbr-73	82	7	both	both	CCONJ
afbr-73	82	8	on	on	ADP
afbr-73	82	9	the	the	DET
afbr-73	82	10	due	due	ADJ
afbr-73	82	11	date	date	NOUN
afbr-73	82	12	and	and	CCONJ
afbr-73	82	13	at	at	ADP
afbr-73	82	14	the	the	DET
afbr-73	82	15	contracted	contract	VERB
afbr-73	82	16	amount	amount	NOUN
afbr-73	82	17	.	.	PUNCT
afbr-73	83	1	they	they	PRON
afbr-73	83	2	face	face	VERB
afbr-73	83	3	the	the	DET
afbr-73	83	4	risk	risk	NOUN
afbr-73	83	5	that	that	SCONJ
afbr-73	83	6	payments	payment	NOUN
afbr-73	83	7	are	be	AUX
afbr-73	83	8	made	make	VERB
afbr-73	83	9	too	too	ADV
afbr-73	83	10	late	late	ADJ
afbr-73	83	11	and	and	CCONJ
afbr-73	83	12	in	in	ADP
afbr-73	83	13	for	for	ADP
afbr-73	83	14	a	a	DET
afbr-73	83	15	lesser	less	ADJ
afbr-73	83	16	amount	amount	NOUN
afbr-73	83	17	,	,	PUNCT
afbr-73	83	18	including	include	VERB
afbr-73	83	19	the	the	DET
afbr-73	83	20	risk	risk	NOUN
afbr-73	83	21	of	of	ADP
afbr-73	83	22	a	a	DET
afbr-73	83	23	total	total	ADJ
afbr-73	83	24	loss	loss	NOUN
afbr-73	83	25	of	of	ADP
afbr-73	83	26	capital	capital	NOUN
afbr-73	83	27	and	and	CCONJ
afbr-73	83	28	interest	interest	NOUN
afbr-73	83	29	.	.	PUNCT
afbr-73	84	1	to	to	PART
afbr-73	84	2	protect	protect	VERB
afbr-73	84	3	themselves	themselves	PRON
afbr-73	84	4	against	against	ADP
afbr-73	84	5	such	such	ADJ
afbr-73	84	6	contingencies	contingency	NOUN
afbr-73	84	7	lenders	lender	NOUN
afbr-73	84	8	restrict	restrict	VERB
afbr-73	84	9	their	their	PRON
afbr-73	84	10	loans	loan	NOUN
afbr-73	84	11	to	to	ADP
afbr-73	84	12	certain	certain	ADJ
afbr-73	84	13	amounts	amount	NOUN
afbr-73	84	14	,	,	PUNCT
afbr-73	84	15	require	require	VERB
afbr-73	84	16	security	security	NOUN
afbr-73	84	17	and	and	CCONJ
afbr-73	84	18	adjust	adjust	VERB
afbr-73	84	19	their	their	PRON
afbr-73	84	20	interest	interest	NOUN
afbr-73	84	21	rates	rate	NOUN
afbr-73	84	22	to	to	PART
afbr-73	84	23	compensate	compensate	VERB
afbr-73	84	24	for	for	ADP
afbr-73	84	25	the	the	DET
afbr-73	84	26	known	know	VERB
afbr-73	84	27	risks	risk	NOUN
afbr-73	84	28	;	;	PUNCT
afbr-73	84	29	these	these	DET
afbr-73	84	30	adjustments	adjustment	NOUN
afbr-73	84	31	are	be	AUX
afbr-73	84	32	usually	usually	ADV
afbr-73	84	33	spreads	spread	NOUN
afbr-73	84	34	over	over	ADP
afbr-73	84	35	the	the	DET
afbr-73	84	36	risk	risk	NOUN
afbr-73	84	37	-	-	PUNCT
afbr-73	84	38	free	free	ADJ
afbr-73	84	39	rate	rate	NOUN
afbr-73	84	40	of	of	ADP
afbr-73	84	41	return	return	NOUN
afbr-73	84	42	reflecting	reflect	VERB
afbr-73	84	43	the	the	DET
afbr-73	84	44	creditworthiness	creditworthiness	NOUN
afbr-73	84	45	of	of	ADP
afbr-73	84	46	the	the	DET
afbr-73	84	47	borrowers	borrower	NOUN
afbr-73	84	48	.	.	PUNCT
afbr-73	85	1	the	the	DET
afbr-73	85	2	risk	risk	NOUN
afbr-73	85	3	-	-	PUNCT
afbr-73	85	4	free	free	ADJ
afbr-73	85	5	rate	rate	NOUN
afbr-73	85	6	is	be	AUX
afbr-73	85	7	that	that	SCONJ
afbr-73	85	8	an	an	DET
afbr-73	85	9	asset	asset	NOUN
afbr-73	85	10	would	would	AUX
afbr-73	85	11	yield	yield	VERB
afbr-73	85	12	without	without	ADP
afbr-73	85	13	any	any	DET
afbr-73	85	14	default	default	NOUN
afbr-73	85	15	,	,	PUNCT
afbr-73	85	16	timing	timing	NOUN
afbr-73	85	17	or	or	CCONJ
afbr-73	85	18	exchange	exchange	NOUN
afbr-73	85	19	rate	rate	NOUN
afbr-73	85	20	risk	risk	NOUN
afbr-73	85	21	;	;	PUNCT
afbr-73	85	22	as	as	ADP
afbr-73	85	23	such	such	ADJ
afbr-73	85	24	,	,	PUNCT
afbr-73	85	25	it	it	PRON
afbr-73	85	26	is	be	AUX
afbr-73	85	27	a	a	DET
afbr-73	85	28	non	non	ADJ
afbr-73	85	29	-	-	ADJ
afbr-73	85	30	observable	observable	ADJ
afbr-73	85	31	theoretical	theoretical	ADJ
afbr-73	85	32	construct	construct	NOUN
afbr-73	85	33	.	.	PUNCT
afbr-73	86	1	it	it	PRON
afbr-73	86	2	is	be	AUX
afbr-73	86	3	usually	usually	ADV
afbr-73	86	4	measured	measure	VERB
afbr-73	86	5	by	by	ADP
afbr-73	86	6	the	the	DET
afbr-73	86	7	rates	rate	NOUN
afbr-73	86	8	of	of	ADP
afbr-73	86	9	return	return	NOUN
afbr-73	86	10	on	on	ADP
afbr-73	86	11	government	government	NOUN
afbr-73	86	12	securities	security	NOUN
afbr-73	86	13	,	,	PUNCT
afbr-73	86	14	which	which	PRON
afbr-73	86	15	have	have	VERB
afbr-73	86	16	the	the	DET
afbr-73	86	17	lowest	low	ADJ
afbr-73	86	18	risk	risk	NOUN
afbr-73	86	19	,	,	PUNCT
afbr-73	86	20	in	in	ADP
afbr-73	86	21	any	any	DET
afbr-73	86	22	particular	particular	ADJ
afbr-73	86	23	currency	currency	NOUN
afbr-73	86	24	.	.	PUNCT
afbr-73	87	1	sources	source	NOUN
afbr-73	87	2	and	and	CCONJ
afbr-73	87	3	cost	cost	NOUN
afbr-73	87	4	of	of	ADP
afbr-73	87	5	short	short	ADJ
afbr-73	87	6	term	term	NOUN
afbr-73	87	7	funds	fund	NOUN
afbr-73	87	8	sources	source	NOUN
afbr-73	87	9	of	of	ADP
afbr-73	87	10	funds	fund	NOUN
afbr-73	87	11	can	can	AUX
afbr-73	87	12	be	be	AUX
afbr-73	87	13	perceived	perceive	VERB
afbr-73	87	14	in	in	ADP
afbr-73	87	15	the	the	DET
afbr-73	87	16	light	light	NOUN
afbr-73	87	17	of	of	ADP
afbr-73	87	18	their	their	PRON
afbr-73	87	19	time	time	NOUN
afbr-73	87	20	duration	duration	NOUN
afbr-73	87	21	,	,	PUNCT
afbr-73	87	22	hence	hence	ADV
afbr-73	87	23	we	we	PRON
afbr-73	87	24	have	have	VERB
afbr-73	87	25	long	long	ADJ
afbr-73	87	26	-	-	PUNCT
afbr-73	87	27	term	term	NOUN
afbr-73	87	28	,	,	PUNCT
afbr-73	87	29	medium	medium	ADJ
afbr-73	87	30	-	-	PUNCT
afbr-73	87	31	term	term	NOUN
afbr-73	87	32	,	,	PUNCT
afbr-73	87	33	and	and	CCONJ
afbr-73	87	34	short	short	ADJ
afbr-73	87	35	-	-	PUNCT
afbr-73	87	36	term	term	NOUN
afbr-73	87	37	sources	source	NOUN
afbr-73	87	38	of	of	ADP
afbr-73	87	39	finance	finance	NOUN
afbr-73	87	40	.	.	PUNCT
afbr-73	88	1	it	it	PRON
afbr-73	88	2	is	be	AUX
afbr-73	88	3	conventional	conventional	ADJ
afbr-73	88	4	to	to	PART
afbr-73	88	5	look	look	VERB
afbr-73	88	6	at	at	ADP
afbr-73	88	7	short	short	ADJ
afbr-73	88	8	-	-	PUNCT
afbr-73	88	9	term	term	NOUN
afbr-73	88	10	sources	source	NOUN
afbr-73	88	11	as	as	ADP
afbr-73	88	12	those	those	DET
afbr-73	88	13	avenues	avenue	NOUN
afbr-73	88	14	with	with	ADP
afbr-73	88	15	maturities	maturity	NOUN
afbr-73	88	16	of	of	ADP
afbr-73	88	17	not	not	PART
afbr-73	88	18	more	more	ADJ
afbr-73	88	19	than	than	ADP
afbr-73	88	20	one	one	NUM
afbr-73	88	21	year	year	NOUN
afbr-73	88	22	.	.	PUNCT
afbr-73	89	1	thus	thus	ADV
afbr-73	89	2	,	,	PUNCT
afbr-73	89	3	short	short	ADJ
afbr-73	89	4	-	-	PUNCT
afbr-73	89	5	term	term	NOUN
afbr-73	89	6	capital	capital	NOUN
afbr-73	89	7	constitutes	constitute	VERB
afbr-73	89	8	funds	fund	NOUN
afbr-73	89	9	obtained	obtain	VERB
afbr-73	89	10	for	for	ADP
afbr-73	89	11	one	one	NUM
afbr-73	89	12	year	year	NOUN
afbr-73	89	13	or	or	CCONJ
afbr-73	89	14	less	less	ADJ
afbr-73	89	15	(	(	PUNCT
afbr-73	89	16	ezirim	ezirim	NOUN
afbr-73	89	17	,	,	PUNCT
afbr-73	89	18	2005	2005	NUM
afbr-73	89	19	)	)	PUNCT
afbr-73	89	20	.	.	PUNCT
afbr-73	90	1	they	they	PRON
afbr-73	90	2	are	be	AUX
afbr-73	90	3	mostly	mostly	ADV
afbr-73	90	4	employed	employ	VERB
afbr-73	90	5	for	for	ADP
afbr-73	90	6	working	work	VERB
afbr-73	90	7	capital	capital	NOUN
afbr-73	90	8	requirements	requirement	NOUN
afbr-73	90	9	.	.	PUNCT
afbr-73	91	1	examples	example	NOUN
afbr-73	91	2	include	include	VERB
afbr-73	91	3	overdraft	overdraft	NOUN
afbr-73	91	4	advances	advance	NOUN
afbr-73	91	5	from	from	ADP
afbr-73	91	6	banks	bank	NOUN
afbr-73	91	7	,	,	PUNCT
afbr-73	91	8	credit	credit	NOUN
afbr-73	91	9	purchases	purchase	NOUN
afbr-73	91	10	,	,	PUNCT
afbr-73	91	11	deposits	deposit	NOUN
afbr-73	91	12	or	or	CCONJ
afbr-73	91	13	advances	advance	NOUN
afbr-73	91	14	from	from	ADP
afbr-73	91	15	customers	customer	NOUN
afbr-73	91	16	,	,	PUNCT
afbr-73	91	17	bills	bill	NOUN
afbr-73	91	18	receivable	receivable	ADJ
afbr-73	91	19	,	,	PUNCT
afbr-73	91	20	and	and	CCONJ
afbr-73	91	21	bills	bill	NOUN
afbr-73	91	22	of	of	ADP
afbr-73	91	23	exchange	exchange	NOUN
afbr-73	91	24	.	.	PUNCT
afbr-73	92	1	medium	medium	ADJ
afbr-73	92	2	or	or	CCONJ
afbr-73	92	3	intermediate	intermediate	ADJ
afbr-73	92	4	funds	fund	NOUN
afbr-73	92	5	are	be	AUX
afbr-73	92	6	such	such	ADJ
afbr-73	92	7	that	that	PRON
afbr-73	92	8	are	be	AUX
afbr-73	92	9	usually	usually	ADV
afbr-73	92	10	arranged	arrange	VERB
afbr-73	92	11	for	for	ADP
afbr-73	92	12	periods	period	NOUN
afbr-73	92	13	longer	long	ADJ
afbr-73	92	14	than	than	ADP
afbr-73	92	15	one	one	NUM
afbr-73	92	16	year	year	NOUN
afbr-73	92	17	but	but	CCONJ
afbr-73	92	18	less	less	ADJ
afbr-73	92	19	than	than	ADP
afbr-73	92	20	ten	ten	NUM
afbr-73	92	21	years	year	NOUN
afbr-73	92	22	.	.	PUNCT
afbr-73	93	1	they	they	PRON
afbr-73	93	2	include	include	VERB
afbr-73	93	3	bank	bank	NOUN
afbr-73	93	4	loans	loan	NOUN
afbr-73	93	5	and	and	CCONJ
afbr-73	93	6	overdrafts	overdraft	NOUN
afbr-73	93	7	,	,	PUNCT
afbr-73	93	8	hire	hire	VERB
afbr-73	93	9	purchase	purchase	NOUN
afbr-73	93	10	and	and	CCONJ
afbr-73	93	11	installment	installment	NOUN
afbr-73	93	12	credits	credit	NOUN
afbr-73	93	13	arrangements	arrangement	NOUN
afbr-73	93	14	,	,	PUNCT
afbr-73	93	15	mortgage	mortgage	NOUN
afbr-73	93	16	loans	loan	NOUN
afbr-73	93	17	,	,	PUNCT
afbr-73	93	18	equipment	equipment	NOUN
afbr-73	93	19	leasing	leasing	NOUN
afbr-73	93	20	,	,	PUNCT
afbr-73	93	21	sale	sale	NOUN
afbr-73	93	22	and	and	CCONJ
afbr-73	93	23	lease	lease	VERB
afbr-73	93	24	back	back	ADP
afbr-73	93	25	contracts	contract	NOUN
afbr-73	93	26	.	.	PUNCT
afbr-73	94	1	long	long	ADJ
afbr-73	94	2	term	term	NOUN
afbr-73	94	3	sources	source	NOUN
afbr-73	94	4	involves	involve	VERB
afbr-73	94	5	those	those	DET
afbr-73	94	6	avenues	avenue	NOUN
afbr-73	94	7	for	for	ADP
afbr-73	94	8	raising	raise	VERB
afbr-73	94	9	the	the	DET
afbr-73	94	10	long	long	ADJ
afbr-73	94	11	term	term	NOUN
afbr-73	94	12	/	/	SYM
afbr-73	94	13	permanent	permanent	ADJ
afbr-73	94	14	capital	capital	NOUN
afbr-73	94	15	attracts	attract	VERB
afbr-73	94	16	maturity	maturity	NOUN
afbr-73	94	17	dates	date	NOUN
afbr-73	94	18	of	of	ADP
afbr-73	94	19	ten	ten	NUM
afbr-73	94	20	years	year	NOUN
afbr-73	94	21	more	more	ADJ
afbr-73	94	22	.	.	PUNCT
afbr-73	95	1	examples	example	NOUN
afbr-73	95	2	of	of	ADP
afbr-73	95	3	long	long	ADJ
afbr-73	95	4	term	term	NOUN
afbr-73	95	5	or	or	CCONJ
afbr-73	95	6	permanent	permanent	ADJ
afbr-73	95	7	capital	capital	NOUN
afbr-73	95	8	include	include	VERB
afbr-73	95	9	ordinary	ordinary	ADJ
afbr-73	95	10	shares	share	NOUN
afbr-73	95	11	,	,	PUNCT
afbr-73	95	12	preference	preference	NOUN
afbr-73	95	13	share	share	NOUN
afbr-73	95	14	capital	capital	NOUN
afbr-73	95	15	and	and	CCONJ
afbr-73	95	16	debentures	debenture	NOUN
afbr-73	95	17	.	.	PUNCT
afbr-73	96	1	shares	share	NOUN
afbr-73	96	2	and	and	CCONJ
afbr-73	96	3	debentures	debenture	NOUN
afbr-73	96	4	are	be	AUX
afbr-73	96	5	hereby	hereby	ADV
afbr-73	96	6	referred	refer	VERB
afbr-73	96	7	to	to	ADP
afbr-73	96	8	as	as	ADP
afbr-73	96	9	permanent	permanent	ADJ
afbr-73	96	10	capital	capital	NOUN
afbr-73	96	11	because	because	SCONJ
afbr-73	96	12	the	the	DET
afbr-73	96	13	funds	fund	NOUN
afbr-73	96	14	supplied	supply	VERB
afbr-73	96	15	to	to	ADP
afbr-73	96	16	the	the	DET
afbr-73	96	17	economic	economic	ADJ
afbr-73	96	18	concerned	concerned	ADJ
afbr-73	96	19	units	unit	NOUN
afbr-73	96	20	,	,	PUNCT
afbr-73	96	21	in	in	ADP
afbr-73	96	22	this	this	DET
afbr-73	96	23	case	case	NOUN
afbr-73	96	24	the	the	DET
afbr-73	96	25	firm	firm	NOUN
afbr-73	96	26	,	,	PUNCT
afbr-73	96	27	by	by	ADP
afbr-73	96	28	investors	investor	NOUN
afbr-73	96	29	when	when	SCONJ
afbr-73	96	30	they	they	PRON
afbr-73	96	31	buy	buy	VERB
afbr-73	96	32	the	the	DET
afbr-73	96	33	shares	share	NOUN
afbr-73	96	34	or	or	CCONJ
afbr-73	96	35	debentures	debenture	NOUN
afbr-73	96	36	are	be	AUX
afbr-73	96	37	not	not	PART
afbr-73	96	38	usually	usually	ADV
afbr-73	96	39	returnable	returnable	ADJ
afbr-73	96	40	(	(	PUNCT
afbr-73	96	41	at	at	ADP
afbr-73	96	42	least	least	ADJ
afbr-73	96	43	in	in	ADP
afbr-73	96	44	the	the	DET
afbr-73	96	45	near	near	ADJ
afbr-73	96	46	future	future	NOUN
afbr-73	96	47	)	)	PUNCT
afbr-73	96	48	to	to	ADP
afbr-73	96	49	them	they	PRON
afbr-73	96	50	except	except	SCONJ
afbr-73	96	51	in	in	ADP
afbr-73	96	52	the	the	DET
afbr-73	96	53	event	event	NOUN
afbr-73	96	54	of	of	ADP
afbr-73	96	55	liquidation(ezirim	liquidation(ezirim	PROPN
afbr-73	96	56	,	,	PUNCT
afbr-73	96	57	2005	2005	NUM
afbr-73	96	58	)	)	PUNCT
afbr-73	96	59	.	.	PUNCT
afbr-73	97	1	however	however	ADV
afbr-73	97	2	,	,	PUNCT
afbr-73	97	3	redeemable	redeemable	ADJ
afbr-73	97	4	preference	preference	NOUN
afbr-73	97	5	shares	share	NOUN
afbr-73	97	6	and	and	CCONJ
afbr-73	97	7	redeemable	redeemable	ADJ
afbr-73	97	8	debentures	debenture	NOUN
afbr-73	97	9	are	be	AUX
afbr-73	97	10	distinguished	distinguish	VERB
afbr-73	97	11	from	from	ADP
afbr-73	97	12	permanent	permanent	ADJ
afbr-73	97	13	capital	capital	NOUN
afbr-73	97	14	since	since	SCONJ
afbr-73	97	15	they	they	PRON
afbr-73	97	16	are	be	AUX
afbr-73	97	17	usually	usually	ADV
afbr-73	97	18	returnable	returnable	ADJ
afbr-73	97	19	and	and	CCONJ
afbr-73	97	20	are	be	AUX
afbr-73	97	21	therefore	therefore	ADV
afbr-73	97	22	described	describe	VERB
afbr-73	97	23	merely	merely	ADV
afbr-73	97	24	as	as	ADP
afbr-73	97	25	long	long	ADJ
afbr-73	97	26	-	-	PUNCT
afbr-73	97	27	term	term	NOUN
afbr-73	97	28	capital	capital	NOUN
afbr-73	97	29	.	.	PUNCT
afbr-73	98	1	capital	capital	NOUN
afbr-73	98	2	generation	generation	NOUN
afbr-73	98	3	can	can	AUX
afbr-73	98	4	also	also	ADV
afbr-73	98	5	be	be	AUX
afbr-73	98	6	viewed	view	VERB
afbr-73	98	7	from	from	ADP
afbr-73	98	8	the	the	DET
afbr-73	98	9	angle	angle	NOUN
afbr-73	98	10	of	of	ADP
afbr-73	98	11	intra	intra	ADJ
afbr-73	98	12	-	-	ADJ
afbr-73	98	13	ultra	ultra	ADJ
afbr-73	98	14	considerations	consideration	NOUN
afbr-73	98	15	.	.	PUNCT
afbr-73	99	1	in	in	ADP
afbr-73	99	2	other	other	ADJ
afbr-73	99	3	words	word	NOUN
afbr-73	99	4	,	,	PUNCT
afbr-73	99	5	funds	fund	NOUN
afbr-73	99	6	can	can	AUX
afbr-73	99	7	be	be	AUX
afbr-73	99	8	generated	generate	VERB
afbr-73	99	9	from	from	ADP
afbr-73	99	10	internal	internal	ADJ
afbr-73	99	11	sources	source	NOUN
afbr-73	99	12	and	and	CCONJ
afbr-73	99	13	/or	/or	ADP
afbr-73	99	14	from	from	ADP
afbr-73	99	15	external	external	ADJ
afbr-73	99	16	sources	source	NOUN
afbr-73	99	17	.	.	PUNCT
afbr-73	100	1	internally	internally	ADV
afbr-73	100	2	generated	generate	VERB
afbr-73	100	3	capital	capital	NOUN
afbr-73	100	4	includes	include	VERB
afbr-73	100	5	funds	fund	NOUN
afbr-73	100	6	raised	raise	VERB
afbr-73	100	7	from	from	ADP
afbr-73	100	8	within	within	ADP
afbr-73	100	9	the	the	DET
afbr-73	100	10	firm	firm	NOUN
afbr-73	100	11	itself	itself	PRON
afbr-73	100	12	.	.	PUNCT
afbr-73	101	1	internal	internal	ADJ
afbr-73	101	2	sources	source	NOUN
afbr-73	101	3	are	be	AUX
afbr-73	101	4	exemplified	exemplify	VERB
afbr-73	101	5	by	by	ADP
afbr-73	101	6	provisions	provision	NOUN
afbr-73	101	7	set	set	VERB
afbr-73	101	8	aside	aside	ADV
afbr-73	101	9	out	out	ADP
afbr-73	101	10	of	of	ADP
afbr-73	101	11	profits	profit	NOUN
afbr-73	101	12	,	,	PUNCT
afbr-73	101	13	reserves	reserve	NOUN
afbr-73	101	14	and	and	CCONJ
afbr-73	101	15	cost	cost	NOUN
afbr-73	101	16	of	of	ADP
afbr-73	101	17	capital	capital	NOUN
afbr-73	101	18	and	and	CCONJ
afbr-73	101	19	corporate	corporate	ADJ
afbr-73	101	20	earning	earning	NOUN
afbr-73	101	21	of	of	ADP
afbr-73	101	22	nigeria	nigeria	PROPN
afbr-73	101	23	quoted	quote	VERB
afbr-73	101	24	firms	firm	NOUN
afbr-73	101	25	:	:	PUNCT
afbr-73	101	26	a	a	DET
afbr-73	101	27	multi	multi	ADJ
afbr-73	101	28	-	-	ADJ
afbr-73	101	29	dimensional	dimensional	ADJ
afbr-73	101	30	analysis	analysis	NOUN
afbr-73	101	31	of	of	ADP
afbr-73	101	32	quoted	quote	VERB
afbr-73	101	33	firms	firm	NOUN
afbr-73	101	34	in	in	ADP
afbr-73	101	35	nigeria	nigeria	PROPN
afbr-73	101	36	lucky	lucky	ADJ
afbr-73	101	37	anyike	anyike	ADP
afbr-73	101	38	lucky	lucky	ADJ
afbr-73	101	39	46	46	NUM
afbr-73	101	40	retained	retain	VERB
afbr-73	101	41	earnings	earning	NOUN
afbr-73	101	42	(	(	PUNCT
afbr-73	101	43	ezirim	ezirim	NOUN
afbr-73	101	44	,	,	PUNCT
afbr-73	101	45	2005	2005	NUM
afbr-73	101	46	)	)	PUNCT
afbr-73	101	47	.	.	PUNCT
afbr-73	102	1	with	with	ADP
afbr-73	102	2	respect	respect	NOUN
afbr-73	102	3	to	to	ADP
afbr-73	102	4	ultra	ultra	ADJ
afbr-73	102	5	considerations	consideration	NOUN
afbr-73	102	6	,	,	PUNCT
afbr-73	102	7	funds	fund	NOUN
afbr-73	102	8	are	be	AUX
afbr-73	102	9	raised	raise	VERB
afbr-73	102	10	externally	externally	ADV
afbr-73	102	11	by	by	ADP
afbr-73	102	12	way	way	NOUN
afbr-73	102	13	of	of	ADP
afbr-73	102	14	permanent	permanent	ADJ
afbr-73	102	15	capital	capital	NOUN
afbr-73	102	16	,	,	PUNCT
afbr-73	102	17	long	long	ADJ
afbr-73	102	18	-	-	PUNCT
afbr-73	102	19	term	term	NOUN
afbr-73	102	20	redeemable	redeemable	NOUN
afbr-73	102	21	preferences	preference	NOUN
afbr-73	102	22	shares	share	NOUN
afbr-73	102	23	and	and	CCONJ
afbr-73	102	24	debentures	debenture	NOUN
afbr-73	102	25	,	,	PUNCT
afbr-73	102	26	medium	medium	ADJ
afbr-73	102	27	or	or	CCONJ
afbr-73	102	28	intermediate	intermediate	ADJ
afbr-73	102	29	capital	capital	NOUN
afbr-73	102	30	,	,	PUNCT
afbr-73	102	31	and	and	CCONJ
afbr-73	102	32	short	short	ADJ
afbr-73	102	33	-	-	PUNCT
afbr-73	102	34	term	term	NOUN
afbr-73	102	35	funds	fund	NOUN
afbr-73	102	36	.	.	PUNCT
afbr-73	103	1	cost	cost	NOUN
afbr-73	103	2	of	of	ADP
afbr-73	103	3	short	short	ADJ
afbr-73	103	4	-	-	PUNCT
afbr-73	103	5	term	term	NOUN
afbr-73	103	6	capital	capital	NOUN
afbr-73	103	7	the	the	DET
afbr-73	103	8	calculations	calculation	NOUN
afbr-73	103	9	of	of	ADP
afbr-73	103	10	cost	cost	NOUN
afbr-73	103	11	of	of	ADP
afbr-73	103	12	short	short	ADJ
afbr-73	103	13	-	-	PUNCT
afbr-73	103	14	term	term	NOUN
afbr-73	103	15	involves	involve	VERB
afbr-73	103	16	the	the	DET
afbr-73	103	17	manipulations	manipulation	NOUN
afbr-73	103	18	in	in	ADP
afbr-73	103	19	simple	simple	ADJ
afbr-73	103	20	interest	interest	NOUN
afbr-73	103	21	,	,	PUNCT
afbr-73	103	22	simple	simple	ADJ
afbr-73	103	23	discounts	discount	NOUN
afbr-73	103	24	,	,	PUNCT
afbr-73	103	25	compound	compound	NOUN
afbr-73	103	26	interest	interest	NOUN
afbr-73	103	27	and	and	CCONJ
afbr-73	103	28	even	even	ADV
afbr-73	103	29	annuities	annuity	NOUN
afbr-73	103	30	with	with	ADP
afbr-73	103	31	relevant	relevant	ADJ
afbr-73	103	32	adjustments	adjustment	NOUN
afbr-73	103	33	as	as	SCONJ
afbr-73	103	34	demanded	demand	VERB
afbr-73	103	35	by	by	ADP
afbr-73	103	36	each	each	DET
afbr-73	103	37	case	case	NOUN
afbr-73	103	38	in	in	ADP
afbr-73	103	39	question	question	NOUN
afbr-73	103	40	.	.	PUNCT
afbr-73	104	1	pit	pit	INTJ
afbr-73	104	2	(	(	PUNCT
afbr-73	104	3	13	13	NUM
afbr-73	104	4	)	)	PUNCT
afbr-73	104	5	where	where	SCONJ
afbr-73	104	6	i	i	PRON
afbr-73	104	7	is	be	AUX
afbr-73	104	8	the	the	DET
afbr-73	104	9	interest	interest	NOUN
afbr-73	104	10	amount	amount	NOUN
afbr-73	104	11	,	,	PUNCT
afbr-73	104	12	p	p	NOUN
afbr-73	104	13	is	be	AUX
afbr-73	104	14	the	the	DET
afbr-73	104	15	principal	principal	NOUN
afbr-73	104	16	,	,	PUNCT
afbr-73	104	17	i	i	PRON
afbr-73	104	18	is	be	AUX
afbr-73	104	19	the	the	DET
afbr-73	104	20	nominal	nominal	ADJ
afbr-73	104	21	rate	rate	NOUN
afbr-73	104	22	of	of	ADP
afbr-73	104	23	interest	interest	NOUN
afbr-73	104	24	,	,	PUNCT
afbr-73	104	25	and	and	CCONJ
afbr-73	104	26	t	t	PROPN
afbr-73	104	27	is	be	AUX
afbr-73	104	28	the	the	DET
afbr-73	104	29	time	time	NOUN
afbr-73	104	30	.	.	PUNCT
afbr-73	105	1	to	to	PART
afbr-73	105	2	find	find	VERB
afbr-73	105	3	the	the	DET
afbr-73	105	4	nominal	nominal	ADJ
afbr-73	105	5	rate	rate	NOUN
afbr-73	105	6	of	of	ADP
afbr-73	105	7	interest	interest	NOUN
afbr-73	105	8	,	,	PUNCT
afbr-73	105	9	we	we	PRON
afbr-73	105	10	make	make	VERB
afbr-73	105	11	i	i	PRON
afbr-73	105	12	the	the	DET
afbr-73	105	13	subject	subject	NOUN
afbr-73	105	14	of	of	ADP
afbr-73	105	15	the	the	DET
afbr-73	105	16	formula	formula	NOUN
afbr-73	105	17	to	to	PART
afbr-73	105	18	have	have	VERB
afbr-73	105	19	:	:	PUNCT
afbr-73	105	20	tp	tp	PART
afbr-73	105	21	i	i	PRON
afbr-73	106	1	i	i	PRON
afbr-73	106	2			VERB
afbr-73	106	3	(	(	PUNCT
afbr-73	106	4	14	14	NUM
afbr-73	106	5	)	)	PUNCT
afbr-73	106	6	thus	thus	ADV
afbr-73	106	7	,	,	PUNCT
afbr-73	106	8	the	the	DET
afbr-73	106	9	interest	interest	NOUN
afbr-73	106	10	rate	rate	NOUN
afbr-73	106	11	per	per	ADP
afbr-73	106	12	time	time	NOUN
afbr-73	106	13	period	period	NOUN
afbr-73	106	14	,	,	PUNCT
afbr-73	106	15	i	i	PRON
afbr-73	106	16	,	,	PUNCT
afbr-73	106	17	equal	equal	ADJ
afbr-73	106	18	to	to	ADP
afbr-73	106	19	the	the	DET
afbr-73	106	20	interest	interest	NOUN
afbr-73	106	21	amount	amount	NOUN
afbr-73	106	22	in	in	ADP
afbr-73	106	23	naira	naira	NOUN
afbr-73	106	24	divided	divide	VERB
afbr-73	106	25	by	by	ADP
afbr-73	106	26	the	the	DET
afbr-73	106	27	product	product	NOUN
afbr-73	106	28	of	of	ADP
afbr-73	106	29	principal	principal	NOUN
afbr-73	106	30	and	and	CCONJ
afbr-73	106	31	time	time	NOUN
afbr-73	106	32	which	which	PRON
afbr-73	106	33	is	be	AUX
afbr-73	106	34	actually	actually	ADV
afbr-73	106	35	the	the	DET
afbr-73	106	36	time	time	NOUN
afbr-73	106	37	here	here	ADV
afbr-73	106	38	is	be	AUX
afbr-73	106	39	the	the	DET
afbr-73	106	40	number	number	NOUN
afbr-73	106	41	of	of	ADP
afbr-73	106	42	time	time	NOUN
afbr-73	106	43	periods	period	NOUN
afbr-73	106	44	(	(	PUNCT
afbr-73	106	45	ezirim	ezirim	NOUN
afbr-73	106	46	,	,	PUNCT
afbr-73	106	47	2005	2005	NUM
afbr-73	106	48	)	)	PUNCT
afbr-73	106	49	.	.	PUNCT
afbr-73	107	1	the	the	DET
afbr-73	107	2	above	above	ADJ
afbr-73	107	3	expression	expression	NOUN
afbr-73	107	4	can	can	AUX
afbr-73	107	5	be	be	AUX
afbr-73	107	6	rearranged	rearrange	VERB
afbr-73	107	7	as	as	SCONJ
afbr-73	107	8	follows	follow	VERB
afbr-73	107	9	:	:	PUNCT
afbr-73	107	10	tp	tp	NOUN
afbr-73	107	11	i	i	PRON
afbr-73	107	12	i	i	PRON
afbr-73	107	13	1	1	NUM
afbr-73	107	14			NOUN
afbr-73	107	15	where	where	SCONJ
afbr-73	107	16	t	t	NOUN
afbr-73	107	17	=	=	SYM
afbr-73	107	18	n	n	PROPN
afbr-73	107	19	(	(	PUNCT
afbr-73	107	20	15	15	NUM
afbr-73	107	21	)	)	PUNCT
afbr-73	107	22	thus	thus	ADV
afbr-73	107	23	,	,	PUNCT
afbr-73	107	24	the	the	DET
afbr-73	107	25	interest	interest	NOUN
afbr-73	107	26	rate	rate	NOUN
afbr-73	107	27	i	i	PRON
afbr-73	107	28	,	,	PUNCT
afbr-73	107	29	equal	equal	ADJ
afbr-73	107	30	to	to	ADP
afbr-73	107	31	the	the	DET
afbr-73	107	32	fractional	fractional	ADJ
afbr-73	107	33	interest	interest	NOUN
afbr-73	107	34	cost	cost	NOUN
afbr-73	107	35	per	per	ADP
afbr-73	107	36	period	period	NOUN
afbr-73	107	37	i	i	X
afbr-73	107	38	/	/	SYM
afbr-73	107	39	p	p	X
afbr-73	107	40	,	,	PUNCT
afbr-73	107	41	times	time	NOUN
afbr-73	107	42	divided	divide	VERB
afbr-73	107	43	by	by	ADP
afbr-73	107	44	the	the	DET
afbr-73	107	45	owner	owner	NOUN
afbr-73	107	46	of	of	ADP
afbr-73	107	47	time	time	NOUN
afbr-73	107	48	periods	period	NOUN
afbr-73	107	49	,	,	PUNCT
afbr-73	107	50	1	1	X
afbr-73	107	51	/	/	SYM
afbr-73	107	52	n.	n.	NOUN
afbr-73	107	53	to	to	PART
afbr-73	107	54	find	find	VERB
afbr-73	107	55	the	the	DET
afbr-73	107	56	annual	annual	ADJ
afbr-73	107	57	financing	financing	NOUN
afbr-73	107	58	cost	cost	NOUN
afbr-73	107	59	(	(	PUNCT
afbr-73	107	60	afc	afc	PROPN
afbr-73	107	61	)	)	PUNCT
afbr-73	107	62	for	for	ADP
afbr-73	107	63	short	short	ADJ
afbr-73	107	64	-	-	PUNCT
afbr-73	107	65	term	term	NOUN
afbr-73	107	66	financing	financing	NOUN
afbr-73	107	67	sources	source	NOUN
afbr-73	107	68	,	,	PUNCT
afbr-73	107	69	we	we	PRON
afbr-73	107	70	use	use	VERB
afbr-73	107	71	variation	variation	NOUN
afbr-73	107	72	of	of	ADP
afbr-73	107	73	the	the	DET
afbr-73	107	74	expression	expression	NOUN
afbr-73	107	75	(	(	PUNCT
afbr-73	107	76	15	15	NUM
afbr-73	107	77	)	)	PUNCT
afbr-73	107	78	above	above	ADV
afbr-73	107	79	:	:	PUNCT
afbr-73	107	80	afc	afc	PROPN
afbr-73	107	81	=	=	PUNCT
afbr-73	107	82	)	)	PUNCT
afbr-73	107	83	(	(	PUNCT
afbr-73	107	84	365cos	365cos	NUM
afbr-73	107	85	daysmaturityfundsusable	daysmaturityfundsusable	ADJ
afbr-73	107	86	feestsinterest	feestsinter	ADJ
afbr-73	107	87			NOUN
afbr-73	107	88			PROPN
afbr-73	107	89	(	(	PUNCT
afbr-73	107	90	16	16	NUM
afbr-73	107	91	)	)	PUNCT
afbr-73	107	92	the	the	DET
afbr-73	107	93	above	above	ADJ
afbr-73	107	94	expression	expression	NOUN
afbr-73	107	95	presupposes	presuppose	VERB
afbr-73	107	96	that	that	SCONJ
afbr-73	107	97	short	short	ADJ
afbr-73	107	98	term	term	NOUN
afbr-73	107	99	funding	funding	NOUN
afbr-73	107	100	source	source	NOUN
afbr-73	107	101	may	may	AUX
afbr-73	107	102	involve	involve	VERB
afbr-73	107	103	fees	fee	NOUN
afbr-73	107	104	in	in	ADP
afbr-73	107	105	addition	addition	NOUN
afbr-73	107	106	to	to	ADP
afbr-73	107	107	the	the	DET
afbr-73	107	108	interest	interest	NOUN
afbr-73	107	109	element	element	NOUN
afbr-73	107	110	.	.	PUNCT
afbr-73	108	1	equally	equally	ADV
afbr-73	108	2	,	,	PUNCT
afbr-73	108	3	the	the	DET
afbr-73	108	4	term	term	NOUN
afbr-73	108	5	usable	usable	ADJ
afbr-73	108	6	funds	fund	NOUN
afbr-73	108	7	are	be	AUX
afbr-73	108	8	used	use	VERB
afbr-73	108	9	in	in	ADP
afbr-73	108	10	place	place	NOUN
afbr-73	108	11	of	of	ADP
afbr-73	108	12	principal	principal	NOUN
afbr-73	108	13	or	or	CCONJ
afbr-73	108	14	present	present	ADJ
afbr-73	108	15	value	value	NOUN
afbr-73	108	16	because	because	SCONJ
afbr-73	108	17	some	some	DET
afbr-73	108	18	funds	fund	NOUN
afbr-73	108	19	from	from	ADP
afbr-73	108	20	some	some	DET
afbr-73	108	21	short	short	ADJ
afbr-73	108	22	term	term	NOUN
afbr-73	108	23	sources	source	NOUN
afbr-73	108	24	may	may	AUX
afbr-73	108	25	not	not	PART
afbr-73	108	26	be	be	AUX
afbr-73	108	27	available	available	ADJ
afbr-73	108	28	for	for	SCONJ
afbr-73	108	29	the	the	DET
afbr-73	108	30	academic	academic	ADJ
afbr-73	108	31	unit	unit	NOUN
afbr-73	108	32	to	to	PART
afbr-73	108	33	use	use	VERB
afbr-73	108	34	.	.	PUNCT
afbr-73	109	1	the	the	DET
afbr-73	109	2	term	term	NOUN
afbr-73	109	3	,	,	PUNCT
afbr-73	109	4	365	365	NUM
afbr-73	109	5	/	/	SYM
afbr-73	109	6	maturity	maturity	NOUN
afbr-73	109	7	(	(	PUNCT
afbr-73	109	8	days	day	NOUN
afbr-73	109	9	)	)	PUNCT
afbr-73	109	10	,	,	PUNCT
afbr-73	109	11	converts	convert	VERB
afbr-73	109	12	the	the	DET
afbr-73	109	13	financing	financing	NOUN
afbr-73	109	14	source	source	NOUN
afbr-73	109	15	to	to	ADP
afbr-73	109	16	the	the	DET
afbr-73	109	17	annual	annual	ADJ
afbr-73	109	18	rate	rate	NOUN
afbr-73	109	19	(	(	PUNCT
afbr-73	109	20	ezirim	ezirim	NOUN
afbr-73	109	21	,	,	PUNCT
afbr-73	109	22	2005	2005	NUM
afbr-73	109	23	)	)	PUNCT
afbr-73	109	24	.	.	PUNCT
afbr-73	110	1	it	it	PRON
afbr-73	110	2	is	be	AUX
afbr-73	110	3	of	of	ADP
afbr-73	110	4	note	note	NOUN
afbr-73	110	5	that	that	SCONJ
afbr-73	110	6	the	the	DET
afbr-73	110	7	annual	annual	ADJ
afbr-73	110	8	financing	financing	NOUN
afbr-73	110	9	cost	cost	NOUN
afbr-73	110	10	(	(	PUNCT
afbr-73	110	11	afc	afc	PROPN
afbr-73	110	12	)	)	PUNCT
afbr-73	110	13	is	be	AUX
afbr-73	110	14	only	only	ADV
afbr-73	110	15	an	an	DET
afbr-73	110	16	approximation	approximation	NOUN
afbr-73	110	17	of	of	ADP
afbr-73	110	18	the	the	DET
afbr-73	110	19	true	true	ADJ
afbr-73	110	20	(	(	PUNCT
afbr-73	110	21	effective	effective	ADJ
afbr-73	110	22	)	)	PUNCT
afbr-73	110	23	annual	annual	ADJ
afbr-73	110	24	percentage	percentage	NOUN
afbr-73	110	25	rate	rate	NOUN
afbr-73	110	26	(	(	PUNCT
afbr-73	110	27	ear	ear	NOUN
afbr-73	110	28	)	)	PUNCT
afbr-73	110	29	,	,	PUNCT
afbr-73	110	30	or	or	CCONJ
afbr-73	110	31	(	(	PUNCT
afbr-73	110	32	apr	apr	NOUN
afbr-73	110	33	)	)	PUNCT
afbr-73	110	34	,	,	PUNCT
afbr-73	110	35	of	of	ADP
afbr-73	110	36	a	a	DET
afbr-73	110	37	loan	loan	NOUN
afbr-73	110	38	.	.	PUNCT
afbr-73	111	1	the	the	DET
afbr-73	111	2	afc	afc	PROPN
afbr-73	111	3	expressed	express	VERB
afbr-73	111	4	above	above	ADV
afbr-73	111	5	in	in	ADP
afbr-73	111	6	(	(	PUNCT
afbr-73	111	7	16	16	NUM
afbr-73	111	8	)	)	PUNCT
afbr-73	111	9	does	do	AUX
afbr-73	111	10	not	not	PART
afbr-73	111	11	consider	consider	VERB
afbr-73	111	12	compounding	compound	VERB
afbr-73	111	13	and	and	CCONJ
afbr-73	111	14	slightly	slightly	ADV
afbr-73	111	15	understates	understate	VERB
afbr-73	111	16	the	the	DET
afbr-73	111	17	true	true	ADJ
afbr-73	111	18	apr	apr	NOUN
afbr-73	111	19	.	.	PUNCT
afbr-73	112	1	more	more	ADV
afbr-73	112	2	so	so	ADV
afbr-73	112	3	,	,	PUNCT
afbr-73	112	4	the	the	DET
afbr-73	112	5	afc	afc	PROPN
afbr-73	112	6	as	as	ADP
afbr-73	112	7	above	above	ADV
afbr-73	112	8	is	be	AUX
afbr-73	112	9	normally	normally	ADV
afbr-73	112	10	used	use	VERB
afbr-73	112	11	for	for	ADP
afbr-73	112	12	financing	financing	NOUN
afbr-73	112	13	sources	source	NOUN
afbr-73	112	14	of	of	ADP
afbr-73	112	15	1	1	NUM
afbr-73	112	16	year	year	NOUN
afbr-73	112	17	or	or	CCONJ
afbr-73	112	18	less	less	ADJ
afbr-73	112	19	.	.	PUNCT
afbr-73	113	1	putting	put	VERB
afbr-73	113	2	these	these	DET
afbr-73	113	3	considerations	consideration	NOUN
afbr-73	113	4	into	into	ADP
afbr-73	113	5	focus	focus	NOUN
afbr-73	113	6	,	,	PUNCT
afbr-73	113	7	the	the	DET
afbr-73	113	8	annual	annual	ADJ
afbr-73	113	9	percentage	percentage	NOUN
afbr-73	113	10	rate	rate	NOUN
afbr-73	113	11	(	(	PUNCT
afbr-73	113	12	apr	apr	NOUN
afbr-73	113	13	)	)	PUNCT
afbr-73	113	14	or	or	CCONJ
afbr-73	113	15	effective	effective	ADJ
afbr-73	113	16	annual	annual	ADJ
afbr-73	113	17	rate	rate	NOUN
afbr-73	113	18	(	(	PUNCT
afbr-73	113	19	ear	ear	NOUN
afbr-73	113	20	)	)	PUNCT
afbr-73	113	21	for	for	ADP
afbr-73	113	22	short	short	ADJ
afbr-73	113	23	-	-	PUNCT
afbr-73	113	24	term	term	NOUN
afbr-73	113	25	financing	financing	NOUN
afbr-73	113	26	is	be	AUX
afbr-73	113	27	given	give	VERB
afbr-73	113	28	by	by	ADP
afbr-73	113	29	1	1	NUM
afbr-73	113	30	cos	cos	PROPN
afbr-73	113	31	1	1	NUM
afbr-73	113	32			NOUN
afbr-73	113	33			NOUN
afbr-73	113	34			PROPN
afbr-73	113	35			PROPN
afbr-73	113	36			PROPN
afbr-73	113	37			NOUN
afbr-73	113	38			VERB
afbr-73	113	39			PROPN
afbr-73	113	40	m	m	VERB
afbr-73	113	41	fundsusable	fundsusable	ADJ
afbr-73	113	42	feestsinterest	feestsinter	ADJ
afbr-73	113	43	apr	apr	NOUN
afbr-73	113	44	(	(	PUNCT
afbr-73	113	45	17	17	NUM
afbr-73	113	46	)	)	PUNCT
afbr-73	113	47	when	when	SCONJ
afbr-73	113	48	a	a	DET
afbr-73	113	49	business	business	NOUN
afbr-73	113	50	experiences	experience	VERB
afbr-73	113	51	difficulty	difficulty	NOUN
afbr-73	113	52	in	in	ADP
afbr-73	113	53	connection	connection	NOUN
afbr-73	113	54	with	with	ADP
afbr-73	113	55	liquid	liquid	ADJ
afbr-73	113	56	resources	resource	NOUN
afbr-73	113	57	,	,	PUNCT
afbr-73	113	58	it	it	PRON
afbr-73	113	59	may	may	AUX
afbr-73	113	60	be	be	AUX
afbr-73	113	61	able	able	ADJ
afbr-73	113	62	to	to	PART
afbr-73	113	63	improve	improve	VERB
afbr-73	113	64	its	its	PRON
afbr-73	113	65	situation	situation	NOUN
afbr-73	113	66	by	by	ADP
afbr-73	113	67	resorting	resort	VERB
afbr-73	113	68	to	to	ADP
afbr-73	113	69	the	the	DET
afbr-73	113	70	use	use	NOUN
afbr-73	113	71	of	of	ADP
afbr-73	113	72	trade	trade	NOUN
afbr-73	113	73	credit	credit	NOUN
afbr-73	113	74	facilities	facility	NOUN
afbr-73	113	75	.	.	PUNCT
afbr-73	114	1	cost	cost	NOUN
afbr-73	114	2	of	of	ADP
afbr-73	114	3	trade	trade	NOUN
afbr-73	114	4	credit	credit	NOUN
afbr-73	114	5	trade	trade	NOUN
afbr-73	114	6	credit	credit	NOUN
afbr-73	114	7	as	as	ADP
afbr-73	114	8	a	a	DET
afbr-73	114	9	source	source	NOUN
afbr-73	114	10	of	of	ADP
afbr-73	114	11	indirect	indirect	ADJ
afbr-73	114	12	financing	financing	NOUN
afbr-73	114	13	has	have	AUX
afbr-73	114	14	gained	gain	VERB
afbr-73	114	15	wider	wide	ADJ
afbr-73	114	16	recognition	recognition	NOUN
afbr-73	114	17	,	,	PUNCT
afbr-73	114	18	acceptability	acceptability	NOUN
afbr-73	114	19	and	and	CCONJ
afbr-73	114	20	sophisticated	sophisticated	ADJ
afbr-73	114	21	over	over	ADP
afbr-73	114	22	time	time	NOUN
afbr-73	114	23	in	in	ADP
afbr-73	114	24	the	the	DET
afbr-73	114	25	nigerian	nigerian	ADJ
afbr-73	114	26	investment	investment	NOUN
afbr-73	114	27	hemisphere	hemisphere	ADV
afbr-73	114	28	(	(	PUNCT
afbr-73	114	29	ezirim	ezirim	NOUN
afbr-73	114	30	,	,	PUNCT
afbr-73	114	31	2005	2005	NUM
afbr-73	114	32	)	)	PUNCT
afbr-73	114	33	.	.	PUNCT
afbr-73	115	1	if	if	SCONJ
afbr-73	115	2	r	r	NOUN
afbr-73	115	3	limited	limit	VERB
afbr-73	115	4	buys	buy	VERB
afbr-73	115	5	raw	raw	ADJ
afbr-73	115	6	materials	material	NOUN
afbr-73	115	7	worth	worth	ADJ
afbr-73	115	8	n36	n36	NOUN
afbr-73	115	9	million	million	NUM
afbr-73	115	10	cost	cost	NOUN
afbr-73	115	11	of	of	ADP
afbr-73	115	12	capital	capital	NOUN
afbr-73	115	13	and	and	CCONJ
afbr-73	115	14	corporate	corporate	ADJ
afbr-73	115	15	earning	earning	NOUN
afbr-73	115	16	of	of	ADP
afbr-73	115	17	nigeria	nigeria	PROPN
afbr-73	115	18	quoted	quote	VERB
afbr-73	115	19	firms	firm	NOUN
afbr-73	115	20	:	:	PUNCT
afbr-73	115	21	a	a	DET
afbr-73	115	22	multi	multi	ADJ
afbr-73	115	23	-	-	ADJ
afbr-73	115	24	dimensional	dimensional	ADJ
afbr-73	115	25	analysis	analysis	NOUN
afbr-73	115	26	of	of	ADP
afbr-73	115	27	quoted	quote	VERB
afbr-73	115	28	firms	firm	NOUN
afbr-73	115	29	in	in	ADP
afbr-73	115	30	nigeria	nigeria	PROPN
afbr-73	115	31	lucky	lucky	ADJ
afbr-73	115	32	anyike	anyike	ADP
afbr-73	115	33	lucky	lucky	ADJ
afbr-73	115	34	47	47	NUM
afbr-73	115	35	from	from	ADP
afbr-73	115	36	its	its	PRON
afbr-73	115	37	major	major	ADJ
afbr-73	115	38	suppliers	supplier	NOUN
afbr-73	115	39	each	each	DET
afbr-73	115	40	year	year	NOUN
afbr-73	115	41	,	,	PUNCT
afbr-73	115	42	with	with	ADP
afbr-73	115	43	a	a	DET
afbr-73	115	44	5	5	NUM
afbr-73	115	45	%	%	NOUN
afbr-73	115	46	discount	discount	NOUN
afbr-73	115	47	the	the	DET
afbr-73	115	48	net	net	ADJ
afbr-73	115	49	purchases	purchase	NOUN
afbr-73	115	50	are	be	AUX
afbr-73	115	51	given	give	VERB
afbr-73	115	52	by	by	ADP
afbr-73	115	53	dpdc	dpdc	PROPN
afbr-73	116	1	n	n	PROPN
afbr-73	116	2	d	d	PROPN
afbr-73	116	3	d	d	X
afbr-73	116	4	apc	apc	PROPN
afbr-73	116	5			PROPN
afbr-73	116	6			VERB
afbr-73	116	7			PROPN
afbr-73	116	8			PROPN
afbr-73	116	9	1	1	NUM
afbr-73	116	10	(	(	PUNCT
afbr-73	116	11	18	18	NUM
afbr-73	116	12	)	)	PUNCT
afbr-73	116	13	where	where	SCONJ
afbr-73	116	14	,	,	PUNCT
afbr-73	116	15	apc	apc	PROPN
afbr-73	116	16	=	=	PUNCT
afbr-73	116	17	approximate	approximate	ADJ
afbr-73	116	18	(	(	PUNCT
afbr-73	116	19	annual	annual	ADJ
afbr-73	116	20	)	)	PUNCT
afbr-73	116	21	percentage	percentage	NOUN
afbr-73	116	22	cost	cost	NOUN
afbr-73	116	23	d	d	NOUN
afbr-73	116	24	=	=	PUNCT
afbr-73	116	25	discount	discount	NOUN
afbr-73	116	26	rate	rate	NOUN
afbr-73	116	27	n	n	NOUN
afbr-73	116	28	=	=	NOUN
afbr-73	116	29	number	number	NOUN
afbr-73	116	30	of	of	ADP
afbr-73	116	31	days	day	NOUN
afbr-73	116	32	in	in	ADP
afbr-73	116	33	a	a	DET
afbr-73	116	34	year	year	NOUN
afbr-73	116	35	dc	dc	PROPN
afbr-73	116	36	=	=	PUNCT
afbr-73	116	37	days	day	NOUN
afbr-73	116	38	of	of	ADP
afbr-73	116	39	credit	credit	NOUN
afbr-73	116	40	is	be	AUX
afbr-73	116	41	outstanding	outstanding	ADJ
afbr-73	116	42	dp	dp	NOUN
afbr-73	116	43	=	=	NOUN
afbr-73	116	44	discount	discount	NOUN
afbr-73	116	45	period	period	NOUN
afbr-73	116	46	bank	bank	NOUN
afbr-73	116	47	loans	loan	NOUN
afbr-73	116	48	and	and	CCONJ
afbr-73	116	49	overdrafts	overdraft	NOUN
afbr-73	117	1	these	these	PRON
afbr-73	117	2	are	be	AUX
afbr-73	117	3	short	short	ADJ
afbr-73	117	4	-	-	PUNCT
afbr-73	117	5	term	term	NOUN
afbr-73	117	6	loans	loan	NOUN
afbr-73	117	7	and	and	CCONJ
afbr-73	117	8	overdrafts	overdraft	NOUN
afbr-73	117	9	generally	generally	ADV
afbr-73	117	10	repayable	repayable	ADJ
afbr-73	117	11	within	within	ADP
afbr-73	117	12	the	the	DET
afbr-73	117	13	period	period	NOUN
afbr-73	117	14	of	of	ADP
afbr-73	117	15	one	one	NUM
afbr-73	117	16	year	year	NOUN
afbr-73	117	17	.	.	PUNCT
afbr-73	118	1	when	when	SCONJ
afbr-73	118	2	extra	extra	ADJ
afbr-73	118	3	cash	cash	NOUN
afbr-73	118	4	is	be	AUX
afbr-73	118	5	needed	need	VERB
afbr-73	118	6	for	for	ADP
afbr-73	118	7	working	work	VERB
afbr-73	118	8	capital	capital	NOUN
afbr-73	118	9	purposes	purpose	NOUN
afbr-73	118	10	,	,	PUNCT
afbr-73	118	11	banks	bank	NOUN
afbr-73	118	12	and	and	CCONJ
afbr-73	118	13	overdrafts	overdraft	NOUN
afbr-73	118	14	provide	provide	VERB
afbr-73	118	15	necessary	necessary	ADJ
afbr-73	118	16	sources	source	NOUN
afbr-73	118	17	of	of	ADP
afbr-73	118	18	cash	cash	NOUN
afbr-73	118	19	.	.	PUNCT
afbr-73	119	1	bank	bank	NOUN
afbr-73	119	2	loans	loan	NOUN
afbr-73	119	3	are	be	AUX
afbr-73	119	4	compared	compare	VERB
afbr-73	119	5	with	with	ADP
afbr-73	119	6	overdrafts	overdraft	NOUN
afbr-73	119	7	here	here	ADV
afbr-73	119	8	in	in	ADP
afbr-73	119	9	the	the	DET
afbr-73	119	10	sense	sense	NOUN
afbr-73	119	11	that	that	SCONJ
afbr-73	119	12	in	in	ADP
afbr-73	119	13	the	the	DET
afbr-73	119	14	case	case	NOUN
afbr-73	119	15	of	of	ADP
afbr-73	119	16	former	former	ADJ
afbr-73	119	17	,	,	PUNCT
afbr-73	119	18	interest	interest	NOUN
afbr-73	119	19	will	will	AUX
afbr-73	119	20	be	be	AUX
afbr-73	119	21	paid	pay	VERB
afbr-73	119	22	for	for	ADP
afbr-73	119	23	the	the	DET
afbr-73	119	24	full	full	ADJ
afbr-73	119	25	period	period	NOUN
afbr-73	119	26	of	of	ADP
afbr-73	119	27	the	the	DET
afbr-73	119	28	loan	loan	NOUN
afbr-73	119	29	,	,	PUNCT
afbr-73	119	30	whereas	whereas	SCONJ
afbr-73	119	31	in	in	ADP
afbr-73	119	32	the	the	DET
afbr-73	119	33	case	case	NOUN
afbr-73	119	34	of	of	ADP
afbr-73	119	35	the	the	DET
afbr-73	119	36	latter	latter	ADJ
afbr-73	119	37	,	,	PUNCT
afbr-73	119	38	interest	interest	NOUN
afbr-73	119	39	is	be	AUX
afbr-73	119	40	calculated	calculate	VERB
afbr-73	119	41	on	on	ADP
afbr-73	119	42	a	a	DET
afbr-73	119	43	day	day	NOUN
afbr-73	119	44	-	-	PUNCT
afbr-73	119	45	to	to	ADP
afbr-73	119	46	-	-	PUNCT
afbr-73	119	47	day	day	NOUN
afbr-73	119	48	basis	basis	NOUN
afbr-73	119	49	.	.	PUNCT
afbr-73	120	1	in	in	ADP
afbr-73	120	2	nigeria	nigeria	PROPN
afbr-73	120	3	,	,	PUNCT
afbr-73	120	4	short	short	ADJ
afbr-73	120	5	-	-	PUNCT
afbr-73	120	6	term	term	NOUN
afbr-73	120	7	bank	bank	NOUN
afbr-73	120	8	loans	loan	NOUN
afbr-73	120	9	and	and	CCONJ
afbr-73	120	10	overdrafts	overdraft	NOUN
afbr-73	120	11	constitute	constitute	VERB
afbr-73	120	12	more	more	ADJ
afbr-73	120	13	than	than	ADP
afbr-73	120	14	one	one	NUM
afbr-73	120	15	half	half	NOUN
afbr-73	120	16	of	of	ADP
afbr-73	120	17	the	the	DET
afbr-73	120	18	naira	naira	PROPN
afbr-73	120	19	amounts	amount	NOUN
afbr-73	120	20	of	of	ADP
afbr-73	120	21	the	the	DET
afbr-73	120	22	total	total	ADJ
afbr-73	120	23	loans	loan	NOUN
afbr-73	120	24	made	make	VERB
afbr-73	120	25	by	by	ADP
afbr-73	120	26	banks	bank	NOUN
afbr-73	120	27	.	.	PUNCT
afbr-73	121	1	in	in	ADP
afbr-73	121	2	addition	addition	NOUN
afbr-73	121	3	to	to	ADP
afbr-73	121	4	commercial	commercial	ADJ
afbr-73	121	5	banks	bank	NOUN
afbr-73	121	6	,	,	PUNCT
afbr-73	121	7	merchant	merchant	NOUN
afbr-73	121	8	banks	bank	NOUN
afbr-73	121	9	,	,	PUNCT
afbr-73	121	10	finance	finance	NOUN
afbr-73	121	11	house	house	NOUN
afbr-73	121	12	and	and	CCONJ
afbr-73	121	13	even	even	ADV
afbr-73	121	14	mortgage	mortgage	NOUN
afbr-73	121	15	finance	finance	NOUN
afbr-73	121	16	institutions	institution	NOUN
afbr-73	121	17	finance	finance	VERB
afbr-73	121	18	short	short	ADJ
afbr-73	121	19	-	-	PUNCT
afbr-73	121	20	term	term	NOUN
afbr-73	121	21	business	business	NOUN
afbr-73	121	22	needs	need	NOUN
afbr-73	121	23	.	.	PUNCT
afbr-73	122	1	on	on	ADP
afbr-73	122	2	a	a	DET
afbr-73	122	3	general	general	ADJ
afbr-73	122	4	note	note	NOUN
afbr-73	122	5	,	,	PUNCT
afbr-73	122	6	short	short	ADJ
afbr-73	122	7	-	-	PUNCT
afbr-73	122	8	term	term	NOUN
afbr-73	122	9	loans	loan	NOUN
afbr-73	122	10	are	be	AUX
afbr-73	122	11	employed	employ	VERB
afbr-73	122	12	to	to	PART
afbr-73	122	13	finance	finance	VERB
afbr-73	122	14	changes	change	NOUN
afbr-73	122	15	in	in	ADP
afbr-73	122	16	working	work	VERB
afbr-73	122	17	capital	capital	NOUN
afbr-73	122	18	and	and	CCONJ
afbr-73	122	19	temporary	temporary	ADJ
afbr-73	122	20	financing	financing	NOUN
afbr-73	122	21	of	of	ADP
afbr-73	122	22	fixed	fix	VERB
afbr-73	122	23	assets	asset	NOUN
afbr-73	122	24	pending	pende	VERB
afbr-73	122	25	when	when	SCONJ
afbr-73	122	26	agreements	agreement	NOUN
afbr-73	122	27	are	be	AUX
afbr-73	122	28	reached	reach	VERB
afbr-73	122	29	for	for	ADP
afbr-73	122	30	longer	long	ADJ
afbr-73	122	31	commitments	commitment	NOUN
afbr-73	122	32	.	.	PUNCT
afbr-73	123	1	it	it	PRON
afbr-73	123	2	is	be	AUX
afbr-73	123	3	a	a	DET
afbr-73	123	4	norm	norm	NOUN
afbr-73	123	5	for	for	SCONJ
afbr-73	123	6	financial	financial	ADJ
afbr-73	123	7	institutions	institution	NOUN
afbr-73	123	8	to	to	PART
afbr-73	123	9	renew	renew	VERB
afbr-73	123	10	at	at	ADP
afbr-73	123	11	maturity	maturity	NOUN
afbr-73	123	12	short	short	ADJ
afbr-73	123	13	-	-	PUNCT
afbr-73	123	14	term	term	NOUN
afbr-73	123	15	loans	loan	NOUN
afbr-73	123	16	and	and	CCONJ
afbr-73	123	17	overdrafts	overdraft	NOUN
afbr-73	123	18	especially	especially	ADV
afbr-73	123	19	when	when	SCONJ
afbr-73	123	20	the	the	DET
afbr-73	123	21	customer	customer	NOUN
afbr-73	123	22	financial	financial	ADJ
afbr-73	123	23	condition	condition	NOUN
afbr-73	123	24	and	and	CCONJ
afbr-73	123	25	profitability	profitability	NOUN
afbr-73	123	26	is	be	AUX
afbr-73	123	27	continually	continually	ADV
afbr-73	123	28	guaranteed	guarantee	VERB
afbr-73	123	29	(	(	PUNCT
afbr-73	123	30	ezirim	ezirim	NOUN
afbr-73	123	31	,	,	PUNCT
afbr-73	123	32	2005	2005	NUM
afbr-73	123	33	)	)	PUNCT
afbr-73	123	34	.	.	PUNCT
afbr-73	124	1	a	a	DET
afbr-73	124	2	number	number	NOUN
afbr-73	124	3	of	of	ADP
afbr-73	124	4	types	type	NOUN
afbr-73	124	5	of	of	ADP
afbr-73	124	6	short	short	ADJ
afbr-73	124	7	-	-	PUNCT
afbr-73	124	8	term	term	NOUN
afbr-73	124	9	loans	loan	NOUN
afbr-73	124	10	include	include	VERB
afbr-73	124	11	bridge	bridge	NOUN
afbr-73	124	12	loans	loan	NOUN
afbr-73	124	13	,	,	PUNCT
afbr-73	124	14	take	take	VERB
afbr-73	124	15	out	out	ADP
afbr-73	124	16	commitments	commitment	NOUN
afbr-73	124	17	,	,	PUNCT
afbr-73	124	18	receivables	receivables	NOUN
afbr-73	124	19	financing	financing	NOUN
afbr-73	124	20	,	,	PUNCT
afbr-73	124	21	unsecured	unsecured	ADJ
afbr-73	124	22	business	business	NOUN
afbr-73	124	23	loans	loan	NOUN
afbr-73	124	24	,	,	PUNCT
afbr-73	124	25	and	and	CCONJ
afbr-73	124	26	secured	secured	ADJ
afbr-73	124	27	business	business	NOUN
afbr-73	124	28	loans	loan	NOUN
afbr-73	124	29	.	.	PUNCT
afbr-73	125	1	cost	cost	NOUN
afbr-73	125	2	of	of	ADP
afbr-73	125	3	bank	bank	NOUN
afbr-73	125	4	loans	loan	NOUN
afbr-73	125	5	the	the	DET
afbr-73	125	6	cost	cost	NOUN
afbr-73	125	7	of	of	ADP
afbr-73	125	8	bank	bank	NOUN
afbr-73	125	9	loans	loan	NOUN
afbr-73	125	10	tends	tend	VERB
afbr-73	125	11	to	to	PART
afbr-73	125	12	have	have	VERB
afbr-73	125	13	a	a	DET
afbr-73	125	14	linear	linear	ADJ
afbr-73	125	15	relationship	relationship	NOUN
afbr-73	125	16	with	with	ADP
afbr-73	125	17	the	the	DET
afbr-73	125	18	type	type	NOUN
afbr-73	125	19	of	of	ADP
afbr-73	125	20	borrower	borrower	NOUN
afbr-73	125	21	,	,	PUNCT
afbr-73	125	22	the	the	DET
afbr-73	125	23	riskiness	riskiness	NOUN
afbr-73	125	24	of	of	ADP
afbr-73	125	25	a	a	DET
afbr-73	125	26	given	give	VERB
afbr-73	125	27	proposal	proposal	NOUN
afbr-73	125	28	and	and	CCONJ
afbr-73	125	29	the	the	DET
afbr-73	125	30	prevailing	prevail	VERB
afbr-73	125	31	state	state	NOUN
afbr-73	125	32	of	of	ADP
afbr-73	125	33	the	the	DET
afbr-73	125	34	economy	economy	NOUN
afbr-73	125	35	.	.	PUNCT
afbr-73	126	1	given	give	VERB
afbr-73	126	2	a	a	DET
afbr-73	126	3	regime	regime	NOUN
afbr-73	126	4	of	of	ADP
afbr-73	126	5	interest	interest	NOUN
afbr-73	126	6	rate	rate	NOUN
afbr-73	126	7	deregulation	deregulation	NOUN
afbr-73	126	8	rates	rate	NOUN
afbr-73	126	9	are	be	AUX
afbr-73	126	10	usually	usually	ADV
afbr-73	126	11	determined	determine	VERB
afbr-73	126	12	by	by	ADP
afbr-73	126	13	the	the	DET
afbr-73	126	14	forces	force	NOUN
afbr-73	126	15	of	of	ADP
afbr-73	126	16	demand	demand	NOUN
afbr-73	126	17	and	and	CCONJ
afbr-73	126	18	supply	supply	NOUN
afbr-73	126	19	in	in	ADP
afbr-73	126	20	the	the	DET
afbr-73	126	21	light	light	NOUN
afbr-73	126	22	of	of	ADP
afbr-73	126	23	the	the	DET
afbr-73	126	24	factors	factor	NOUN
afbr-73	126	25	identified	identify	VERB
afbr-73	126	26	above	above	ADV
afbr-73	126	27	as	as	ADP
afbr-73	126	28	determinants	determinant	NOUN
afbr-73	126	29	of	of	ADP
afbr-73	126	30	interest	interest	NOUN
afbr-73	126	31	rates	rate	NOUN
afbr-73	126	32	(	(	PUNCT
afbr-73	126	33	ezirim	ezirim	NOUN
afbr-73	126	34	,	,	PUNCT
afbr-73	126	35	2005	2005	NUM
afbr-73	126	36	)	)	PUNCT
afbr-73	126	37	.	.	PUNCT
afbr-73	127	1	thus	thus	ADV
afbr-73	127	2	,	,	PUNCT
afbr-73	127	3	a	a	DET
afbr-73	127	4	high	high	ADJ
afbr-73	127	5	credit	credit	NOUN
afbr-73	127	6	risk	risk	NOUN
afbr-73	127	7	attracts	attract	VERB
afbr-73	127	8	high	high	ADJ
afbr-73	127	9	interest	interest	NOUN
afbr-73	127	10	charges	charge	NOUN
afbr-73	127	11	while	while	SCONJ
afbr-73	127	12	a	a	DET
afbr-73	127	13	low	low	ADJ
afbr-73	127	14	or	or	CCONJ
afbr-73	127	15	prime	prime	ADJ
afbr-73	127	16	risk	risk	NOUN
afbr-73	127	17	commands	command	VERB
afbr-73	127	18	reasonably	reasonably	ADV
afbr-73	127	19	lower	low	ADJ
afbr-73	127	20	rates	rate	NOUN
afbr-73	127	21	.	.	PUNCT
afbr-73	128	1	the	the	DET
afbr-73	128	2	effective	effective	ADJ
afbr-73	128	3	annual	annual	ADJ
afbr-73	128	4	rate	rate	NOUN
afbr-73	128	5	of	of	ADP
afbr-73	128	6	interest	interest	NOUN
afbr-73	128	7	(	(	PUNCT
afbr-73	128	8	costs	cost	NOUN
afbr-73	128	9	of	of	ADP
afbr-73	128	10	funds	fund	NOUN
afbr-73	128	11	)	)	PUNCT
afbr-73	128	12	is	be	AUX
afbr-73	128	13	determined	determine	VERB
afbr-73	128	14	using	use	VERB
afbr-73	128	15	the	the	DET
afbr-73	128	16	formula	formula	NOUN
afbr-73	128	17	:	:	PUNCT
afbr-73	128	18	)	)	PUNCT
afbr-73	128	19	(	(	PUNCT
afbr-73	128	20	pr	pr	NOUN
afbr-73	128	21	)	)	PUNCT
afbr-73	128	22	(	(	PUNCT
afbr-73	128	23	int	int	NOUN
afbr-73	128	24	pincipal	pincipal	NOUN
afbr-73	128	25	ierest	ier	ADJ
afbr-73	128	26	iers	ier	NOUN
afbr-73	128	27			NUM
afbr-73	128	28	(	(	PUNCT
afbr-73	128	29	19	19	NUM
afbr-73	128	30	)	)	PUNCT
afbr-73	128	31	where	where	SCONJ
afbr-73	128	32	ers	er	NOUN
afbr-73	128	33	is	be	AUX
afbr-73	128	34	the	the	DET
afbr-73	128	35	effective	effective	ADJ
afbr-73	128	36	rate	rate	NOUN
afbr-73	128	37	of	of	ADP
afbr-73	128	38	simple	simple	ADJ
afbr-73	128	39	interest	interest	NOUN
afbr-73	128	40	thus	thus	ADV
afbr-73	128	41	,	,	PUNCT
afbr-73	128	42	suppose	suppose	VERB
afbr-73	128	43	the	the	DET
afbr-73	128	44	loan	loan	NOUN
afbr-73	128	45	is	be	AUX
afbr-73	128	46	for	for	ADP
afbr-73	128	47	180	180	NUM
afbr-73	128	48	days	day	NOUN
afbr-73	128	49	,	,	PUNCT
afbr-73	128	50	the	the	DET
afbr-73	128	51	effective	effective	ADJ
afbr-73	128	52	rate	rate	NOUN
afbr-73	128	53	can	can	AUX
afbr-73	128	54	be	be	AUX
afbr-73	128	55	determined	determine	VERB
afbr-73	128	56	using	use	VERB
afbr-73	128	57	the	the	DET
afbr-73	128	58	expression	expression	NOUN
afbr-73	128	59	:	:	PUNCT
afbr-73	128	60	11	11	NUM
afbr-73	128	61			NOUN
afbr-73	128	62			NOUN
afbr-73	128	63			PRON
afbr-73	128	64			PROPN
afbr-73	128	65			PROPN
afbr-73	128	66			NOUN
afbr-73	128	67			PROPN
afbr-73	128	68	m	m	VERB
afbr-73	128	69	m	m	VERB
afbr-73	128	70	r	r	NOUN
afbr-73	128	71	i	i	PRON
afbr-73	128	72	(	(	PUNCT
afbr-73	128	73	20	20	NUM
afbr-73	128	74	)	)	PUNCT
afbr-73	128	75	where	where	SCONJ
afbr-73	128	76	i	i	PRON
afbr-73	128	77	=	=	VERB
afbr-73	128	78	effective	effective	ADJ
afbr-73	128	79	rate	rate	NOUN
afbr-73	128	80	,	,	PUNCT
afbr-73	128	81	r	r	NOUN
afbr-73	128	82	=	=	SYM
afbr-73	128	83	nominal	nominal	ADJ
afbr-73	128	84	rate	rate	NOUN
afbr-73	128	85	and	and	CCONJ
afbr-73	128	86	m	m	NOUN
afbr-73	128	87	=	=	ADJ
afbr-73	129	1	no	no	INTJ
afbr-73	129	2	.	.	NOUN
afbr-73	130	1	of	of	ADP
afbr-73	130	2	conversion	conversion	NOUN
afbr-73	130	3	intervals	interval	NOUN
afbr-73	130	4	discount	discount	VERB
afbr-73	130	5	interest	interest	NOUN
afbr-73	130	6	a	a	DET
afbr-73	130	7	discount	discount	NOUN
afbr-73	130	8	interest	interest	NOUN
afbr-73	130	9	loan	loan	NOUN
afbr-73	130	10	is	be	AUX
afbr-73	130	11	exemplified	exemplify	VERB
afbr-73	130	12	by	by	ADP
afbr-73	130	13	one	one	NUM
afbr-73	130	14	in	in	ADP
afbr-73	130	15	which	which	PRON
afbr-73	130	16	the	the	DET
afbr-73	130	17	bank	bank	NOUN
afbr-73	130	18	deducts	deduct	VERB
afbr-73	130	19	the	the	DET
afbr-73	130	20	interest	interest	NOUN
afbr-73	130	21	in	in	ADP
afbr-73	130	22	advance	advance	NOUN
afbr-73	130	23	or	or	CCONJ
afbr-73	130	24	upfront	upfront	NOUN
afbr-73	130	25	.	.	PUNCT
afbr-73	131	1	cost	cost	NOUN
afbr-73	131	2	of	of	ADP
afbr-73	131	3	capital	capital	NOUN
afbr-73	131	4	and	and	CCONJ
afbr-73	131	5	corporate	corporate	ADJ
afbr-73	131	6	earning	earning	NOUN
afbr-73	131	7	of	of	ADP
afbr-73	131	8	nigeria	nigeria	PROPN
afbr-73	131	9	quoted	quote	VERB
afbr-73	131	10	firms	firm	NOUN
afbr-73	131	11	:	:	PUNCT
afbr-73	131	12	a	a	DET
afbr-73	131	13	multi	multi	ADJ
afbr-73	131	14	-	-	ADJ
afbr-73	131	15	dimensional	dimensional	ADJ
afbr-73	131	16	analysis	analysis	NOUN
afbr-73	131	17	of	of	ADP
afbr-73	131	18	quoted	quote	VERB
afbr-73	131	19	firms	firm	NOUN
afbr-73	131	20	in	in	ADP
afbr-73	131	21	nigeria	nigeria	PROPN
afbr-73	131	22	lucky	lucky	ADJ
afbr-73	131	23	anyike	anyike	ADP
afbr-73	131	24	lucky	lucky	ADJ
afbr-73	131	25	48	48	NUM
afbr-73	131	26	erd	erd	NOUN
afbr-73	131	27	=	=	PUNCT
afbr-73	131	28	)	)	PUNCT
afbr-73	131	29	(	(	PUNCT
afbr-73	131	30	re	re	NOUN
afbr-73	131	31	)	)	PUNCT
afbr-73	131	32	(	(	PUNCT
afbr-73	131	33	arcievedamount	arcievedamount	ADV
afbr-73	131	34	iinterest	iinter	ADJ
afbr-73	131	35	(	(	PUNCT
afbr-73	131	36	21	21	NUM
afbr-73	131	37	)	)	PUNCT
afbr-73	131	38	erestfcaevalue	erestfcaevalue	NOUN
afbr-73	131	39	interest	interest	NOUN
afbr-73	132	1	d	d	X
afbr-73	132	2	int	int	PROPN
afbr-73	132	3			PROPN
afbr-73	132	4	(	(	PUNCT
afbr-73	132	5	22	22	NUM
afbr-73	132	6	)	)	PUNCT
afbr-73	132	7	alternatively	alternatively	ADV
afbr-73	132	8	we	we	PRON
afbr-73	132	9	use	use	VERB
afbr-73	132	10	the	the	DET
afbr-73	132	11	expression	expression	NOUN
afbr-73	132	12	below	below	ADP
afbr-73	132	13	r	r	NOUN
afbr-73	132	14	r	r	NOUN
afbr-73	132	15	derd	derd	NOUN
afbr-73	132	16			NOUN
afbr-73	132	17			NUM
afbr-73	132	18	1	1	NUM
afbr-73	132	19	%	%	NOUN
afbr-73	132	20	(	(	PUNCT
afbr-73	132	21	23	23	NUM
afbr-73	132	22	)	)	SYM
afbr-73	132	23	1	1	NUM
afbr-73	132	24	/(int	/(int	SYM
afbr-73	132	25	/	/	SYM
afbr-73	132	26	1	1	NUM
afbr-73	132	27	2	2	NUM
afbr-73	132	28			NOUN
afbr-73	132	29			NOUN
afbr-73	132	30			PROPN
afbr-73	132	31			PROPN
afbr-73	132	32			PROPN
afbr-73	132	33			NOUN
afbr-73	132	34			PROPN
afbr-73	132	35			ADJ
afbr-73	132	36	merestfacevalue	merestfacevalue	NOUN
afbr-73	132	37	minterest	minter	ADJ
afbr-73	132	38	erd	erd	NOUN
afbr-73	132	39	(	(	PUNCT
afbr-73	132	40	24	24	NUM
afbr-73	132	41	)	)	PUNCT
afbr-73	132	42	if	if	SCONJ
afbr-73	132	43	however	however	ADV
afbr-73	132	44	we	we	PRON
afbr-73	132	45	want	want	VERB
afbr-73	132	46	to	to	PART
afbr-73	132	47	know	know	VERB
afbr-73	132	48	how	how	SCONJ
afbr-73	132	49	much	much	ADJ
afbr-73	132	50	the	the	DET
afbr-73	132	51	borrower	borrower	NOUN
afbr-73	132	52	would	would	AUX
afbr-73	132	53	actually	actually	ADV
afbr-73	132	54	borrow	borrow	VERB
afbr-73	132	55	if	if	SCONJ
afbr-73	132	56	it	it	PRON
afbr-73	132	57	requires	require	VERB
afbr-73	132	58	a	a	DET
afbr-73	132	59	loan	loan	NOUN
afbr-73	132	60	of	of	ADP
afbr-73	132	61	we	we	PRON
afbr-73	132	62	can	can	AUX
afbr-73	132	63	use	use	VERB
afbr-73	132	64	the	the	DET
afbr-73	132	65	formula	formula	NOUN
afbr-73	132	66	:	:	PUNCT
afbr-73	132	67	r	r	NOUN
afbr-73	132	68	fn	fn	NOUN
afbr-73	132	69	fvalueface	fvalueface	NOUN
afbr-73	132	70			NOUN
afbr-73	132	71			PROPN
afbr-73	132	72	1	1	NUM
afbr-73	132	73	)	)	PUNCT
afbr-73	132	74	(	(	PUNCT
afbr-73	132	75	(	(	PUNCT
afbr-73	132	76	25	25	NUM
afbr-73	132	77	)	)	PUNCT
afbr-73	132	78	where	where	SCONJ
afbr-73	132	79	fn	fn	NOUN
afbr-73	132	80	=	=	NOUN
afbr-73	132	81	funds	fund	NOUN
afbr-73	132	82	needed	need	VERB
afbr-73	132	83	and	and	CCONJ
afbr-73	132	84	r	r	NOUN
afbr-73	132	85	=	=	SYM
afbr-73	132	86	nominal	nominal	ADJ
afbr-73	132	87	rate	rate	NOUN
afbr-73	132	88	in	in	ADP
afbr-73	132	89	fraction	fraction	NOUN
afbr-73	132	90	.	.	PUNCT
afbr-73	133	1	thus	thus	ADV
afbr-73	133	2	,	,	PUNCT
afbr-73	133	3	2/	2/	NUM
afbr-73	133	4	)	)	PUNCT
afbr-73	133	5	(	(	PUNCT
afbr-73	133	6	int	int	NOUN
afbr-73	133	7	ivedamountrece	ivedamountrece	PROPN
afbr-73	133	8	erest	er	ADJ
afbr-73	133	9	aera	aera	PROPN
afbr-73	134	1			PRON
afbr-73	134	2	(	(	PUNCT
afbr-73	134	3	26	26	NUM
afbr-73	134	4	)	)	PUNCT
afbr-73	134	5	t	t	NOUN
afbr-73	134	6	r	r	NOUN
afbr-73	134	7	rapv	rapv	NOUN
afbr-73	134	8			PROPN
afbr-73	134	9			NOUN
afbr-73	134	10			PRON
afbr-73	134	11			PROPN
afbr-73	134	12			PROPN
afbr-73	134	13			NOUN
afbr-73	134	14			VERB
afbr-73	134	15			PROPN
afbr-73	134	16	1	1	NUM
afbr-73	134	17	1	1	NUM
afbr-73	134	18	(	(	PUNCT
afbr-73	134	19	27	27	NUM
afbr-73	134	20	)	)	PUNCT
afbr-73	134	21			NOUN
afbr-73	134	22			PROPN
afbr-73	134	23	11	11	NUM
afbr-73	134	24			PRON
afbr-73	134	25	m	m	VERB
afbr-73	134	26	a	a	DET
afbr-73	134	27	rer	rer	X
afbr-73	134	28	commercial	commercial	ADJ
afbr-73	134	29	papers	paper	NOUN
afbr-73	134	30	a	a	DET
afbr-73	134	31	commercial	commercial	ADJ
afbr-73	134	32	paper	paper	NOUN
afbr-73	134	33	is	be	AUX
afbr-73	134	34	a	a	DET
afbr-73	134	35	short	short	ADJ
afbr-73	134	36	term	term	NOUN
afbr-73	134	37	debt	debt	NOUN
afbr-73	134	38	instrument	instrument	NOUN
afbr-73	134	39	in	in	ADP
afbr-73	134	40	the	the	DET
afbr-73	134	41	form	form	NOUN
afbr-73	134	42	of	of	ADP
afbr-73	134	43	negotiable	negotiable	ADJ
afbr-73	134	44	,	,	PUNCT
afbr-73	134	45	bearer	bearer	PROPN
afbr-73	134	46	promissory	promissory	PROPN
afbr-73	134	47	notes	note	NOUN
afbr-73	134	48	issued	issue	VERB
afbr-73	134	49	for	for	ADP
afbr-73	134	50	set	set	VERB
afbr-73	134	51	maturities	maturity	NOUN
afbr-73	134	52	by	by	ADP
afbr-73	134	53	reputable	reputable	ADJ
afbr-73	134	54	companies	company	NOUN
afbr-73	134	55	with	with	ADP
afbr-73	134	56	the	the	DET
afbr-73	134	57	intent	intent	NOUN
afbr-73	134	58	of	of	ADP
afbr-73	134	59	borrowing	borrow	VERB
afbr-73	134	60	short	short	ADJ
afbr-73	134	61	-	-	PUNCT
afbr-73	134	62	term	term	NOUN
afbr-73	134	63	funds	fund	NOUN
afbr-73	134	64	from	from	ADP
afbr-73	134	65	interested	interested	ADJ
afbr-73	134	66	public	public	NOUN
afbr-73	134	67	.	.	PUNCT
afbr-73	135	1	perhaps	perhaps	ADV
afbr-73	135	2	,	,	PUNCT
afbr-73	135	3	the	the	DET
afbr-73	135	4	only	only	ADJ
afbr-73	135	5	collateral	collateral	NOUN
afbr-73	135	6	required	require	VERB
afbr-73	135	7	for	for	ADP
afbr-73	135	8	this	this	DET
afbr-73	135	9	type	type	NOUN
afbr-73	135	10	of	of	ADP
afbr-73	135	11	facility	facility	NOUN
afbr-73	135	12	is	be	AUX
afbr-73	135	13	the	the	DET
afbr-73	135	14	good	good	ADJ
afbr-73	135	15	financial	financial	ADJ
afbr-73	135	16	standing	standing	NOUN
afbr-73	135	17	and	and	CCONJ
afbr-73	135	18	repute	repute	NOUN
afbr-73	135	19	of	of	ADP
afbr-73	135	20	the	the	DET
afbr-73	135	21	firm	firm	NOUN
afbr-73	135	22	attempting	attempt	VERB
afbr-73	135	23	to	to	PART
afbr-73	135	24	raise	raise	VERB
afbr-73	135	25	funds	fund	NOUN
afbr-73	135	26	;	;	PUNCT
afbr-73	135	27	no	no	DET
afbr-73	135	28	specific	specific	ADJ
afbr-73	135	29	security	security	NOUN
afbr-73	135	30	is	be	AUX
afbr-73	135	31	required	require	VERB
afbr-73	135	32	to	to	PART
afbr-73	135	33	back	back	VERB
afbr-73	135	34	up	up	ADP
afbr-73	135	35	the	the	DET
afbr-73	135	36	notes	note	NOUN
afbr-73	135	37	.	.	PUNCT
afbr-73	136	1	most	most	ADJ
afbr-73	136	2	commercial	commercial	ADJ
afbr-73	136	3	papers	paper	NOUN
afbr-73	136	4	are	be	AUX
afbr-73	136	5	issued	issue	VERB
afbr-73	136	6	for	for	ADP
afbr-73	136	7	between	between	ADP
afbr-73	136	8	30	30	NUM
afbr-73	136	9	and	and	CCONJ
afbr-73	136	10	90	90	NUM
afbr-73	136	11	days	day	NOUN
afbr-73	136	12	,	,	PUNCT
afbr-73	136	13	though	though	SCONJ
afbr-73	136	14	issues	issue	NOUN
afbr-73	136	15	of	of	ADP
afbr-73	136	16	180	180	NUM
afbr-73	136	17	and	and	CCONJ
afbr-73	136	18	270	270	NUM
afbr-73	136	19	days	day	NOUN
afbr-73	136	20	are	be	AUX
afbr-73	136	21	obtainable	obtainable	ADJ
afbr-73	136	22	.	.	PUNCT
afbr-73	137	1	in	in	ADP
afbr-73	137	2	nigeria	nigeria	PROPN
afbr-73	137	3	,	,	PUNCT
afbr-73	137	4	commercial	commercial	ADJ
afbr-73	137	5	papers	paper	NOUN
afbr-73	137	6	are	be	AUX
afbr-73	137	7	not	not	PART
afbr-73	137	8	only	only	ADV
afbr-73	137	9	issued	issue	VERB
afbr-73	137	10	by	by	ADP
afbr-73	137	11	non	non	ADJ
afbr-73	137	12	-	-	ADJ
afbr-73	137	13	bank	bank	ADJ
afbr-73	137	14	firms	firm	NOUN
afbr-73	137	15	of	of	ADP
afbr-73	137	16	repute	repute	NOUN
afbr-73	137	17	,	,	PUNCT
afbr-73	137	18	but	but	CCONJ
afbr-73	137	19	also	also	ADV
afbr-73	137	20	by	by	ADP
afbr-73	137	21	bank	bank	NOUN
afbr-73	137	22	themselves	themselves	PRON
afbr-73	137	23	.	.	PUNCT
afbr-73	138	1	in	in	ADP
afbr-73	138	2	view	view	NOUN
afbr-73	138	3	of	of	ADP
afbr-73	138	4	its	its	PRON
afbr-73	138	5	unsecured	unsecured	ADJ
afbr-73	138	6	nature	nature	NOUN
afbr-73	138	7	,	,	PUNCT
afbr-73	138	8	commercial	commercial	ADJ
afbr-73	138	9	papers	paper	NOUN
afbr-73	138	10	are	be	AUX
afbr-73	138	11	highly	highly	ADV
afbr-73	138	12	risky	risky	ADJ
afbr-73	138	13	,	,	PUNCT
afbr-73	138	14	though	though	SCONJ
afbr-73	138	15	some	some	PRON
afbr-73	138	16	are	be	AUX
afbr-73	138	17	secured	secure	VERB
afbr-73	138	18	by	by	ADP
afbr-73	138	19	the	the	DET
afbr-73	138	20	inventories	inventory	NOUN
afbr-73	138	21	of	of	ADP
afbr-73	138	22	issuing	issue	VERB
afbr-73	138	23	companies	company	NOUN
afbr-73	138	24	.	.	PUNCT
afbr-73	139	1	when	when	SCONJ
afbr-73	139	2	commercial	commercial	ADJ
afbr-73	139	3	papers	paper	NOUN
afbr-73	139	4	carry	carry	VERB
afbr-73	139	5	the	the	DET
afbr-73	139	6	guarantee	guarantee	NOUN
afbr-73	139	7	of	of	ADP
afbr-73	139	8	a	a	DET
afbr-73	139	9	bank	bank	NOUN
afbr-73	139	10	to	to	PART
afbr-73	139	11	repay	repay	VERB
afbr-73	139	12	the	the	DET
afbr-73	139	13	sum	sum	NOUN
afbr-73	139	14	due	due	ADJ
afbr-73	139	15	in	in	ADP
afbr-73	139	16	event	event	NOUN
afbr-73	139	17	of	of	ADP
afbr-73	139	18	a	a	DET
afbr-73	139	19	default	default	NOUN
afbr-73	139	20	,	,	PUNCT
afbr-73	139	21	it	it	PRON
afbr-73	139	22	is	be	AUX
afbr-73	139	23	in	in	ADP
afbr-73	139	24	all	all	DET
afbr-73	139	25	respects	respect	NOUN
afbr-73	139	26	like	like	ADP
afbr-73	139	27	a	a	DET
afbr-73	139	28	bankers	banker	NOUN
afbr-73	139	29	’	'	PUNCT
afbr-73	139	30	acceptance	acceptance	NOUN
afbr-73	139	31	(	(	PUNCT
afbr-73	139	32	ezirim	ezirim	NOUN
afbr-73	139	33	,	,	PUNCT
afbr-73	139	34	2005	2005	NUM
afbr-73	139	35	)	)	PUNCT
afbr-73	139	36	.	.	PUNCT
afbr-73	140	1	cost	cost	NOUN
afbr-73	140	2	of	of	ADP
afbr-73	140	3	commercial	commercial	ADJ
afbr-73	140	4	paper	paper	NOUN
afbr-73	140	5	commercial	commercial	ADJ
afbr-73	140	6	papers	paper	NOUN
afbr-73	140	7	are	be	AUX
afbr-73	140	8	sold	sell	VERB
afbr-73	140	9	at	at	ADP
afbr-73	140	10	a	a	DET
afbr-73	140	11	discount	discount	NOUN
afbr-73	140	12	from	from	ADP
afbr-73	140	13	its	its	PRON
afbr-73	140	14	par	par	NOUN
afbr-73	140	15	,	,	PUNCT
afbr-73	140	16	or	or	CCONJ
afbr-73	140	17	face	face	NOUN
afbr-73	140	18	,	,	PUNCT
afbr-73	140	19	value	value	NOUN
afbr-73	140	20	.	.	PUNCT
afbr-73	141	1	the	the	DET
afbr-73	141	2	interest	interest	NOUN
afbr-73	141	3	received	receive	VERB
afbr-73	141	4	by	by	ADP
afbr-73	141	5	the	the	DET
afbr-73	141	6	buyer	buyer	NOUN
afbr-73	141	7	or	or	CCONJ
afbr-73	141	8	paid	pay	VERB
afbr-73	141	9	by	by	ADP
afbr-73	141	10	the	the	DET
afbr-73	141	11	issuer	issuer	NOUN
afbr-73	141	12	of	of	ADP
afbr-73	141	13	commercial	commercial	ADJ
afbr-73	141	14	paper	paper	NOUN
afbr-73	141	15	is	be	AUX
afbr-73	141	16	determined	determine	VERB
afbr-73	141	17	by	by	ADP
afbr-73	141	18	the	the	DET
afbr-73	141	19	size	size	NOUN
afbr-73	141	20	of	of	ADP
afbr-73	141	21	the	the	DET
afbr-73	141	22	discount	discount	NOUN
afbr-73	141	23	and	and	CCONJ
afbr-73	141	24	the	the	DET
afbr-73	141	25	length	length	NOUN
afbr-73	141	26	of	of	ADP
afbr-73	141	27	time	time	NOUN
afbr-73	141	28	to	to	ADP
afbr-73	141	29	maturity	maturity	NOUN
afbr-73	141	30	.	.	PUNCT
afbr-73	142	1	the	the	DET
afbr-73	142	2	actual	actual	ADJ
afbr-73	142	3	interest	interest	NOUN
afbr-73	142	4	earned	earn	VERB
afbr-73	142	5	by	by	ADP
afbr-73	142	6	the	the	DET
afbr-73	142	7	purchaser	purchaser	NOUN
afbr-73	142	8	is	be	AUX
afbr-73	142	9	obtained	obtain	VERB
afbr-73	142	10	using	use	VERB
afbr-73	142	11	similar	similar	ADJ
afbr-73	142	12	procedure	procedure	NOUN
afbr-73	142	13	as	as	SCONJ
afbr-73	142	14	we	we	PRON
afbr-73	142	15	used	use	VERB
afbr-73	142	16	in	in	ADP
afbr-73	142	17	computing	compute	VERB
afbr-73	142	18	simple	simple	ADJ
afbr-73	142	19	cost	cost	NOUN
afbr-73	142	20	of	of	ADP
afbr-73	142	21	capital	capital	NOUN
afbr-73	142	22	and	and	CCONJ
afbr-73	142	23	corporate	corporate	ADJ
afbr-73	142	24	earning	earning	NOUN
afbr-73	142	25	of	of	ADP
afbr-73	142	26	nigeria	nigeria	PROPN
afbr-73	142	27	quoted	quote	VERB
afbr-73	142	28	firms	firm	NOUN
afbr-73	142	29	:	:	PUNCT
afbr-73	142	30	a	a	DET
afbr-73	142	31	multi	multi	ADJ
afbr-73	142	32	-	-	ADJ
afbr-73	142	33	dimensional	dimensional	ADJ
afbr-73	142	34	analysis	analysis	NOUN
afbr-73	142	35	of	of	ADP
afbr-73	142	36	quoted	quote	VERB
afbr-73	142	37	firms	firm	NOUN
afbr-73	142	38	in	in	ADP
afbr-73	142	39	nigeria	nigeria	PROPN
afbr-73	142	40	lucky	lucky	ADJ
afbr-73	142	41	anyike	anyike	ADP
afbr-73	142	42	lucky	lucky	ADJ
afbr-73	142	43	49	49	NUM
afbr-73	142	44	discounts	discount	NOUN
afbr-73	142	45	.	.	PUNCT
afbr-73	143	1	prcp%	prcp%	X
afbr-73	144	1	=	=	SYM
afbr-73	144	2	1	1	NUM
afbr-73	144	3	100	100	NUM
afbr-73	144	4			NOUN
afbr-73	144	5			PROPN
afbr-73	144	6	p	p	NOUN
afbr-73	144	7	pfv	pfv	X
afbr-73	144	8	(	(	PUNCT
afbr-73	144	9	28	28	NUM
afbr-73	144	10	)	)	PUNCT
afbr-73	144	11	where	where	SCONJ
afbr-73	144	12	:	:	PUNCT
afbr-73	144	13	prcp%	prcp%	PUNCT
afbr-73	144	14	=	=	PUNCT
afbr-73	144	15	the	the	DET
afbr-73	144	16	periodic	periodic	ADJ
afbr-73	144	17	rate	rate	NOUN
afbr-73	144	18	of	of	ADP
afbr-73	144	19	interest	interest	NOUN
afbr-73	144	20	paid	pay	VERB
afbr-73	144	21	on	on	ADP
afbr-73	144	22	commercial	commercial	ADJ
afbr-73	144	23	paper	paper	NOUN
afbr-73	144	24	fv	fv	NOUN
afbr-73	145	1	=	=	PUNCT
afbr-73	145	2	the	the	DET
afbr-73	145	3	face	face	NOUN
afbr-73	145	4	value	value	NOUN
afbr-73	145	5	of	of	ADP
afbr-73	145	6	the	the	DET
afbr-73	145	7	paper	paper	NOUN
afbr-73	145	8	p	p	NOUN
afbr-73	145	9	=	=	PUNCT
afbr-73	145	10	the	the	DET
afbr-73	145	11	purchase	purchase	NOUN
afbr-73	145	12	price	price	NOUN
afbr-73	145	13	of	of	ADP
afbr-73	145	14	papers	paper	NOUN
afbr-73	145	15	.	.	PUNCT
afbr-73	146	1	afc	afc	PROPN
afbr-73	146	2	=	=	PUNCT
afbr-73	146	3	)	)	PUNCT
afbr-73	146	4	(	(	PUNCT
afbr-73	146	5	365cosint	365cosint	NUM
afbr-73	146	6	daysmaturitysusablefund	daysmaturitysusablefund	NOUN
afbr-73	146	7	feeplacementtserest	feeplacementtser	ADJ
afbr-73	146	8			NOUN
afbr-73	146	9			PROPN
afbr-73	146	10	(	(	PUNCT
afbr-73	146	11	29	29	NUM
afbr-73	146	12	)	)	PUNCT
afbr-73	146	13	where	where	SCONJ
afbr-73	146	14	:	:	PUNCT
afbr-73	146	15	usable	usable	ADJ
afbr-73	146	16	funds	fund	NOUN
afbr-73	146	17	=	=	SYM
afbr-73	146	18	face	face	NOUN
afbr-73	146	19	amount	amount	NOUN
afbr-73	146	20	–	–	PUNCT
afbr-73	146	21	[	[	X
afbr-73	146	22	interest	interest	NOUN
afbr-73	146	23	costs	cost	VERB
afbr-73	146	24	=	=	SYM
afbr-73	146	25	placement	placement	NOUN
afbr-73	146	26	fee	fee	NOUN
afbr-73	146	27	]	]	PUNCT
afbr-73	146	28	thus	thus	ADV
afbr-73	146	29	,	,	PUNCT
afbr-73	146	30	denoting	denote	VERB
afbr-73	146	31	interest	interest	NOUN
afbr-73	146	32	costs	cost	NOUN
afbr-73	146	33	as	as	ADP
afbr-73	146	34	i	i	PRON
afbr-73	146	35	;	;	PUNCT
afbr-73	146	36	placement	placement	NOUN
afbr-73	146	37	fee	fee	NOUN
afbr-73	146	38	as	as	ADP
afbr-73	146	39	pf	pf	NOUN
afbr-73	146	40	,	,	PUNCT
afbr-73	146	41	face	face	NOUN
afbr-73	146	42	value	value	NOUN
afbr-73	146	43	or	or	CCONJ
afbr-73	146	44	amount	amount	NOUN
afbr-73	146	45	as	as	ADP
afbr-73	146	46	fv	fv	NOUN
afbr-73	146	47	;	;	PUNCT
afbr-73	146	48	and	and	CCONJ
afbr-73	146	49	maturity	maturity	NOUN
afbr-73	146	50	(	(	PUNCT
afbr-73	146	51	days	day	NOUN
afbr-73	146	52	)	)	PUNCT
afbr-73	146	53	as	as	ADP
afbr-73	146	54	md	md	PROPN
afbr-73	146	55	;	;	PUNCT
afbr-73	146	56	the	the	DET
afbr-73	146	57	above	above	ADJ
afbr-73	146	58	expression	expression	NOUN
afbr-73	146	59	changes	change	NOUN
afbr-73	146	60	to	to	ADP
afbr-73	146	61	:	:	PUNCT
afbr-73	146	62	afc	afc	PROPN
afbr-73	146	63	=	=	PUNCT
afbr-73	146	64	mdpifv	mdpifv	PROPN
afbr-73	147	1	pi	pi	NOUN
afbr-73	147	2	f	f	PROPN
afbr-73	147	3	f	f	PROPN
afbr-73	147	4	365	365	NUM
afbr-73	147	5	)	)	PUNCT
afbr-73	147	6	(	(	PUNCT
afbr-73	147	7			PROPN
afbr-73	147	8			PROPN
afbr-73	147	9			NUM
afbr-73	147	10	(	(	PUNCT
afbr-73	147	11	30	30	NUM
afbr-73	147	12	)	)	PUNCT
afbr-73	147	13	11	11	NUM
afbr-73	147	14			NOUN
afbr-73	147	15			NOUN
afbr-73	147	16			PROPN
afbr-73	147	17			PROPN
afbr-73	147	18			PROPN
afbr-73	147	19			NOUN
afbr-73	147	20			PROPN
afbr-73	148	1	m	m	VERB
afbr-73	148	2	cp	cp	INTJ
afbr-73	148	3	cp	cp	INTJ
afbr-73	148	4	m	m	VERB
afbr-73	148	5	k	k	X
afbr-73	148	6	ear	ear	X
afbr-73	148	7	(	(	PUNCT
afbr-73	148	8	31	31	NUM
afbr-73	148	9	)	)	PUNCT
afbr-73	148	10	where	where	SCONJ
afbr-73	148	11	:	:	PUNCT
afbr-73	148	12	earcp	earcp	NOUN
afbr-73	148	13	=	=	SYM
afbr-73	148	14	effective	effective	ADJ
afbr-73	148	15	annual	annual	ADJ
afbr-73	148	16	rate	rate	NOUN
afbr-73	148	17	on	on	ADP
afbr-73	148	18	commercial	commercial	ADJ
afbr-73	148	19	paper	paper	NOUN
afbr-73	148	20	m	m	NOUN
afbr-73	148	21	=	=	NOUN
afbr-73	148	22	the	the	DET
afbr-73	148	23	compounding	compounding	NOUN
afbr-73	148	24	frequency	frequency	NOUN
afbr-73	148	25	which	which	PRON
afbr-73	148	26	we	we	PRON
afbr-73	148	27	defined	define	VERB
afbr-73	148	28	as	as	ADP
afbr-73	148	29	conversion	conversion	NOUN
afbr-73	148	30	intervals	interval	NOUN
afbr-73	148	31	.	.	PUNCT
afbr-73	149	1	aprcp	aprcp	NOUN
afbr-73	149	2	=	=	PUNCT
afbr-73	150	1	the	the	DET
afbr-73	150	2	normal	normal	ADJ
afbr-73	150	3	annual	annual	ADJ
afbr-73	150	4	rate	rate	NOUN
afbr-73	150	5	sources	source	NOUN
afbr-73	150	6	and	and	CCONJ
afbr-73	150	7	cost	cost	NOUN
afbr-73	150	8	of	of	ADP
afbr-73	150	9	medium	medium	ADJ
afbr-73	150	10	term	term	NOUN
afbr-73	150	11	funds	fund	NOUN
afbr-73	150	12	commercial	commercial	ADJ
afbr-73	150	13	banks	bank	NOUN
afbr-73	150	14	and	and	CCONJ
afbr-73	150	15	more	more	ADJ
afbr-73	150	16	especially	especially	ADV
afbr-73	150	17	merchant	merchant	NOUN
afbr-73	150	18	banks	bank	NOUN
afbr-73	150	19	have	have	AUX
afbr-73	150	20	been	be	AUX
afbr-73	150	21	known	know	VERB
afbr-73	150	22	to	to	PART
afbr-73	150	23	extend	extend	VERB
afbr-73	150	24	credit	credit	NOUN
afbr-73	150	25	facilities	facility	NOUN
afbr-73	150	26	in	in	ADP
afbr-73	150	27	form	form	NOUN
afbr-73	150	28	of	of	ADP
afbr-73	150	29	loans	loan	NOUN
afbr-73	150	30	for	for	ADP
afbr-73	150	31	periods	period	NOUN
afbr-73	150	32	more	more	ADJ
afbr-73	150	33	than	than	ADP
afbr-73	150	34	one	one	NUM
afbr-73	150	35	year	year	NOUN
afbr-73	150	36	.	.	PUNCT
afbr-73	151	1	these	these	DET
afbr-73	151	2	facilities	facility	NOUN
afbr-73	151	3	with	with	ADP
afbr-73	151	4	maturities	maturity	NOUN
afbr-73	151	5	in	in	ADP
afbr-73	151	6	excess	excess	NOUN
afbr-73	151	7	of	of	ADP
afbr-73	151	8	one	one	NUM
afbr-73	151	9	year	year	NOUN
afbr-73	151	10	are	be	AUX
afbr-73	151	11	known	know	VERB
afbr-73	151	12	as	as	ADP
afbr-73	151	13	term	term	NOUN
afbr-73	151	14	loans	loan	NOUN
afbr-73	151	15	.	.	PUNCT
afbr-73	152	1	this	this	PRON
afbr-73	152	2	has	have	AUX
afbr-73	152	3	constituted	constitute	VERB
afbr-73	152	4	a	a	DET
afbr-73	152	5	worthwhile	worthwhile	ADJ
afbr-73	152	6	avenue	avenue	NOUN
afbr-73	152	7	for	for	ADP
afbr-73	152	8	funding	funding	NOUN
afbr-73	152	9	business	business	NOUN
afbr-73	152	10	and	and	CCONJ
afbr-73	152	11	industrial	industrial	ADJ
afbr-73	152	12	concerns	concern	NOUN
afbr-73	152	13	,	,	PUNCT
afbr-73	152	14	the	the	DET
afbr-73	152	15	world	world	NOUN
afbr-73	152	16	over	over	ADP
afbr-73	152	17	.	.	PUNCT
afbr-73	153	1	even	even	ADV
afbr-73	153	2	in	in	ADP
afbr-73	153	3	certain	certain	ADJ
afbr-73	153	4	cases	case	NOUN
afbr-73	153	5	overdraft	overdraft	NOUN
afbr-73	153	6	facilities	facility	NOUN
afbr-73	153	7	can	can	AUX
afbr-73	153	8	be	be	AUX
afbr-73	153	9	renewed	renew	VERB
afbr-73	153	10	a	a	DET
afbr-73	153	11	number	number	NOUN
afbr-73	153	12	of	of	ADP
afbr-73	153	13	times	time	NOUN
afbr-73	153	14	of	of	ADP
afbr-73	153	15	the	the	DET
afbr-73	153	16	extent	extent	NOUN
afbr-73	153	17	that	that	SCONJ
afbr-73	153	18	when	when	SCONJ
afbr-73	153	19	summed	sum	VERB
afbr-73	153	20	or	or	CCONJ
afbr-73	153	21	put	put	VERB
afbr-73	153	22	together	together	ADV
afbr-73	153	23	their	their	PRON
afbr-73	153	24	durations	duration	NOUN
afbr-73	153	25	would	would	AUX
afbr-73	153	26	be	be	AUX
afbr-73	153	27	more	more	ADJ
afbr-73	153	28	than	than	ADP
afbr-73	153	29	one	one	NUM
afbr-73	153	30	year	year	NOUN
afbr-73	153	31	(	(	PUNCT
afbr-73	153	32	ezirim	ezirim	NOUN
afbr-73	153	33	,	,	PUNCT
afbr-73	153	34	2005	2005	NUM
afbr-73	153	35	)	)	PUNCT
afbr-73	153	36	.	.	PUNCT
afbr-73	154	1	a	a	DET
afbr-73	154	2	number	number	NOUN
afbr-73	154	3	of	of	ADP
afbr-73	154	4	reasons	reason	NOUN
afbr-73	154	5	have	have	AUX
afbr-73	154	6	accounted	account	VERB
afbr-73	154	7	for	for	ADP
afbr-73	154	8	the	the	DET
afbr-73	154	9	development	development	NOUN
afbr-73	154	10	of	of	ADP
afbr-73	154	11	term	term	NOUN
afbr-73	154	12	lending	lending	NOUN
afbr-73	154	13	by	by	ADP
afbr-73	154	14	banks	bank	NOUN
afbr-73	154	15	and	and	CCONJ
afbr-73	154	16	other	other	ADJ
afbr-73	154	17	financial	financial	ADJ
afbr-73	154	18	institutions	institution	NOUN
afbr-73	154	19	in	in	ADP
afbr-73	154	20	nigeria	nigeria	PROPN
afbr-73	154	21	.	.	PUNCT
afbr-73	155	1	first	first	ADV
afbr-73	155	2	,	,	PUNCT
afbr-73	155	3	the	the	DET
afbr-73	155	4	maturity	maturity	NOUN
afbr-73	155	5	patterns	pattern	NOUN
afbr-73	155	6	of	of	ADP
afbr-73	155	7	term	term	NOUN
afbr-73	155	8	loans	loan	NOUN
afbr-73	155	9	are	be	AUX
afbr-73	155	10	easily	easily	ADV
afbr-73	155	11	amenable	amenable	ADJ
afbr-73	155	12	to	to	ADP
afbr-73	155	13	the	the	DET
afbr-73	155	14	time	time	NOUN
afbr-73	155	15	frame	frame	NOUN
afbr-73	155	16	attending	attend	VERB
afbr-73	155	17	to	to	ADP
afbr-73	155	18	the	the	DET
afbr-73	155	19	borrowers	borrower	NOUN
afbr-73	155	20	needs	need	NOUN
afbr-73	155	21	.	.	PUNCT
afbr-73	156	1	thus	thus	ADV
afbr-73	156	2	,	,	PUNCT
afbr-73	156	3	they	they	PRON
afbr-73	156	4	can	can	AUX
afbr-73	156	5	be	be	AUX
afbr-73	156	6	manipulated	manipulate	VERB
afbr-73	156	7	to	to	PART
afbr-73	156	8	suit	suit	VERB
afbr-73	156	9	the	the	DET
afbr-73	156	10	borrowers	borrower	NOUN
afbr-73	156	11	’	'	PUNCT
afbr-73	156	12	needs	need	NOUN
afbr-73	156	13	.	.	PUNCT
afbr-73	157	1	second	second	ADJ
afbr-73	157	2	,	,	PUNCT
afbr-73	157	3	high	high	ADV
afbr-73	157	4	-	-	PUNCT
afbr-73	157	5	valued	value	VERB
afbr-73	157	6	firms	firm	NOUN
afbr-73	157	7	that	that	PRON
afbr-73	157	8	can	can	AUX
afbr-73	157	9	off	off	ADV
afbr-73	157	10	-	-	PUNCT
afbr-73	157	11	set	set	VERB
afbr-73	157	12	the	the	DET
afbr-73	157	13	payment	payment	NOUN
afbr-73	157	14	for	for	ADP
afbr-73	157	15	fixed	fix	VERB
afbr-73	157	16	assets	asset	NOUN
afbr-73	157	17	in	in	ADP
afbr-73	157	18	a	a	DET
afbr-73	157	19	relatively	relatively	ADV
afbr-73	157	20	short	short	ADJ
afbr-73	157	21	time	time	NOUN
afbr-73	157	22	may	may	AUX
afbr-73	157	23	find	find	VERB
afbr-73	157	24	it	it	PRON
afbr-73	157	25	less	less	ADV
afbr-73	157	26	advantageous	advantageous	ADJ
afbr-73	157	27	to	to	PART
afbr-73	157	28	use	use	VERB
afbr-73	157	29	equity	equity	NOUN
afbr-73	157	30	or	or	CCONJ
afbr-73	157	31	long	long	ADJ
afbr-73	157	32	term	term	NOUN
afbr-73	157	33	borrowing	borrowing	NOUN
afbr-73	157	34	.	.	PUNCT
afbr-73	158	1	in	in	ADP
afbr-73	158	2	which	which	DET
afbr-73	158	3	case	case	NOUN
afbr-73	158	4	,	,	PUNCT
afbr-73	158	5	medium	medium	ADJ
afbr-73	158	6	-	-	PUNCT
afbr-73	158	7	term	term	NOUN
afbr-73	158	8	loans	loan	NOUN
afbr-73	158	9	become	become	VERB
afbr-73	158	10	the	the	DET
afbr-73	158	11	preferred	preferred	ADJ
afbr-73	158	12	alternative	alternative	NOUN
afbr-73	158	13	.	.	PUNCT
afbr-73	159	1	third	third	ADJ
afbr-73	159	2	,	,	PUNCT
afbr-73	159	3	benefits	benefit	NOUN
afbr-73	159	4	accruable	accruable	ADJ
afbr-73	159	5	to	to	ADP
afbr-73	159	6	a	a	DET
afbr-73	159	7	company	company	NOUN
afbr-73	159	8	from	from	ADP
afbr-73	159	9	the	the	DET
afbr-73	159	10	use	use	NOUN
afbr-73	159	11	of	of	ADP
afbr-73	159	12	financial	financial	ADJ
afbr-73	159	13	leverage	leverage	NOUN
afbr-73	159	14	can	can	AUX
afbr-73	159	15	still	still	ADV
afbr-73	159	16	be	be	AUX
afbr-73	159	17	derived	derive	VERB
afbr-73	159	18	while	while	SCONJ
afbr-73	159	19	using	use	VERB
afbr-73	159	20	term	term	NOUN
afbr-73	159	21	borrowing	borrowing	NOUN
afbr-73	159	22	without	without	ADP
afbr-73	159	23	having	have	VERB
afbr-73	159	24	to	to	PART
afbr-73	159	25	subject	subject	VERB
afbr-73	159	26	the	the	DET
afbr-73	159	27	firm	firm	NOUN
afbr-73	159	28	to	to	ADP
afbr-73	159	29	the	the	DET
afbr-73	159	30	problems	problem	NOUN
afbr-73	159	31	associated	associate	VERB
afbr-73	159	32	with	with	ADP
afbr-73	159	33	recalling	recall	VERB
afbr-73	159	34	bonds	bond	NOUN
afbr-73	159	35	,	,	PUNCT
afbr-73	159	36	debentures	debenture	NOUN
afbr-73	159	37	,	,	PUNCT
afbr-73	159	38	or	or	CCONJ
afbr-73	159	39	preferred	preferred	ADJ
afbr-73	159	40	stocks	stock	NOUN
afbr-73	159	41	when	when	SCONJ
afbr-73	159	42	no	no	DET
afbr-73	159	43	apparent	apparent	ADJ
afbr-73	159	44	need	need	NOUN
afbr-73	159	45	exists	exist	VERB
afbr-73	159	46	for	for	ADP
afbr-73	159	47	the	the	DET
afbr-73	159	48	funds	fund	NOUN
afbr-73	159	49	which	which	PRON
afbr-73	159	50	were	be	AUX
afbr-73	159	51	earlier	early	ADV
afbr-73	159	52	generated	generate	VERB
afbr-73	159	53	using	use	VERB
afbr-73	159	54	these	these	DET
afbr-73	159	55	means	mean	NOUN
afbr-73	159	56	.	.	PUNCT
afbr-73	160	1	lastly	lastly	ADV
afbr-73	160	2	,	,	PUNCT
afbr-73	160	3	this	this	DET
afbr-73	160	4	type	type	NOUN
afbr-73	160	5	of	of	ADP
afbr-73	160	6	loan	loan	NOUN
afbr-73	160	7	is	be	AUX
afbr-73	160	8	usually	usually	ADV
afbr-73	160	9	repaid	repay	VERB
afbr-73	160	10	according	accord	VERB
afbr-73	160	11	to	to	ADP
afbr-73	160	12	earlier	early	ADV
afbr-73	160	13	agreed	agree	VERB
afbr-73	160	14	upon	upon	SCONJ
afbr-73	160	15	schedule	schedule	NOUN
afbr-73	160	16	as	as	SCONJ
afbr-73	160	17	reflected	reflect	VERB
afbr-73	160	18	in	in	ADP
afbr-73	160	19	the	the	DET
afbr-73	160	20	cash	cash	NOUN
afbr-73	160	21	flow	flow	NOUN
afbr-73	160	22	projections	projection	NOUN
afbr-73	160	23	.	.	PUNCT
afbr-73	161	1	this	this	PRON
afbr-73	161	2	removes	remove	VERB
afbr-73	161	3	the	the	DET
afbr-73	161	4	difficulty	difficulty	NOUN
afbr-73	161	5	of	of	ADP
afbr-73	161	6	having	have	VERB
afbr-73	161	7	to	to	PART
afbr-73	161	8	pay	pay	VERB
afbr-73	161	9	in	in	ADP
afbr-73	161	10	a	a	DET
afbr-73	161	11	lump	lump	NOUN
afbr-73	161	12	sum	sum	NOUN
afbr-73	161	13	as	as	SCONJ
afbr-73	161	14	may	may	AUX
afbr-73	161	15	be	be	AUX
afbr-73	161	16	required	require	VERB
afbr-73	161	17	by	by	ADP
afbr-73	161	18	a	a	DET
afbr-73	161	19	renewable	renewable	ADJ
afbr-73	161	20	short	short	ADJ
afbr-73	161	21	-	-	PUNCT
afbr-73	161	22	term	term	NOUN
afbr-73	161	23	loan	loan	NOUN
afbr-73	161	24	(	(	PUNCT
afbr-73	161	25	ezirim	ezirim	NOUN
afbr-73	161	26	,	,	PUNCT
afbr-73	161	27	2005	2005	NUM
afbr-73	161	28	)	)	PUNCT
afbr-73	161	29	.	.	PUNCT
afbr-73	162	1	cost	cost	NOUN
afbr-73	162	2	of	of	ADP
afbr-73	162	3	capital	capital	NOUN
afbr-73	162	4	and	and	CCONJ
afbr-73	162	5	corporate	corporate	ADJ
afbr-73	162	6	earning	earning	NOUN
afbr-73	162	7	of	of	ADP
afbr-73	162	8	nigeria	nigeria	PROPN
afbr-73	162	9	quoted	quote	VERB
afbr-73	162	10	firms	firm	NOUN
afbr-73	162	11	:	:	PUNCT
afbr-73	162	12	a	a	DET
afbr-73	162	13	multi	multi	ADJ
afbr-73	162	14	-	-	ADJ
afbr-73	162	15	dimensional	dimensional	ADJ
afbr-73	162	16	analysis	analysis	NOUN
afbr-73	162	17	of	of	ADP
afbr-73	162	18	quoted	quote	VERB
afbr-73	162	19	firms	firm	NOUN
afbr-73	162	20	in	in	ADP
afbr-73	162	21	nigeria	nigeria	PROPN
afbr-73	162	22	lucky	lucky	ADJ
afbr-73	162	23	anyike	anyike	ADP
afbr-73	162	24	lucky	lucky	ADJ
afbr-73	162	25	50	50	NUM
afbr-73	162	26	lines	line	NOUN
afbr-73	162	27	of	of	ADP
afbr-73	162	28	credit	credit	NOUN
afbr-73	162	29	an	an	DET
afbr-73	162	30	economic	economic	ADJ
afbr-73	162	31	agent	agent	NOUN
afbr-73	162	32	that	that	PRON
afbr-73	162	33	needs	need	VERB
afbr-73	162	34	funds	fund	NOUN
afbr-73	162	35	from	from	ADP
afbr-73	162	36	time	time	NOUN
afbr-73	162	37	to	to	ADP
afbr-73	162	38	time	time	NOUN
afbr-73	162	39	throughout	throughout	ADP
afbr-73	162	40	the	the	DET
afbr-73	162	41	year	year	NOUN
afbr-73	162	42	for	for	ADP
afbr-73	162	43	different	different	ADJ
afbr-73	162	44	or	or	CCONJ
afbr-73	162	45	specific	specific	ADJ
afbr-73	162	46	purposes	purpose	NOUN
afbr-73	162	47	may	may	AUX
afbr-73	162	48	decide	decide	VERB
afbr-73	162	49	to	to	PART
afbr-73	162	50	approach	approach	VERB
afbr-73	162	51	a	a	DET
afbr-73	162	52	bank	bank	NOUN
afbr-73	162	53	negotiates	negotiate	VERB
afbr-73	162	54	a	a	DET
afbr-73	162	55	line	line	NOUN
afbr-73	162	56	of	of	ADP
afbr-73	162	57	credit	credit	NOUN
afbr-73	162	58	.	.	PUNCT
afbr-73	163	1	the	the	DET
afbr-73	163	2	line	line	NOUN
afbr-73	163	3	of	of	ADP
afbr-73	163	4	credit	credit	NOUN
afbr-73	163	5	represents	represent	VERB
afbr-73	163	6	an	an	DET
afbr-73	163	7	agreement	agreement	NOUN
afbr-73	163	8	that	that	PRON
afbr-73	163	9	permits	permit	VERB
afbr-73	163	10	the	the	DET
afbr-73	163	11	economic	economic	ADJ
afbr-73	163	12	unit	unit	NOUN
afbr-73	163	13	to	to	PART
afbr-73	163	14	borrow	borrow	VERB
afbr-73	163	15	funds	fund	NOUN
afbr-73	163	16	up	up	ADP
afbr-73	163	17	to	to	ADP
afbr-73	163	18	an	an	DET
afbr-73	163	19	agreed	agree	VERB
afbr-73	163	20	limit	limit	NOUN
afbr-73	163	21	at	at	ADP
afbr-73	163	22	any	any	DET
afbr-73	163	23	time	time	NOUN
afbr-73	163	24	during	during	ADP
afbr-73	163	25	the	the	DET
afbr-73	163	26	life	life	NOUN
afbr-73	163	27	of	of	ADP
afbr-73	163	28	the	the	DET
afbr-73	163	29	agreement	agreement	NOUN
afbr-73	163	30	.	.	PUNCT
afbr-73	164	1	the	the	DET
afbr-73	164	2	obvious	obvious	ADJ
afbr-73	164	3	benefits	benefit	NOUN
afbr-73	164	4	of	of	ADP
afbr-73	164	5	a	a	DET
afbr-73	164	6	line	line	NOUN
afbr-73	164	7	of	of	ADP
afbr-73	164	8	credit	credit	NOUN
afbr-73	164	9	,	,	PUNCT
afbr-73	164	10	compared	compare	VERB
afbr-73	164	11	with	with	ADP
afbr-73	164	12	single	single	ADJ
afbr-73	164	13	loan	loan	NOUN
afbr-73	164	14	,	,	PUNCT
afbr-73	164	15	are	be	AUX
afbr-73	164	16	that	that	SCONJ
afbr-73	164	17	the	the	DET
afbr-73	164	18	economic	economic	ADJ
afbr-73	164	19	unit	unit	NOUN
afbr-73	164	20	does	do	AUX
afbr-73	164	21	not	not	PART
afbr-73	164	22	have	have	VERB
afbr-73	164	23	to	to	PART
afbr-73	164	24	renegotiate	renegotiate	VERB
afbr-73	164	25	with	with	ADP
afbr-73	164	26	the	the	DET
afbr-73	164	27	bank	bank	NOUN
afbr-73	164	28	at	at	ADP
afbr-73	164	29	every	every	DET
afbr-73	164	30	time	time	NOUN
afbr-73	164	31	funds	fund	NOUN
afbr-73	164	32	are	be	AUX
afbr-73	164	33	needed	need	VERB
afbr-73	164	34	.	.	PUNCT
afbr-73	165	1	drawdown	drawdown	NOUN
afbr-73	165	2	can	can	AUX
afbr-73	165	3	be	be	AUX
afbr-73	165	4	made	make	VERB
afbr-73	165	5	at	at	ADP
afbr-73	165	6	the	the	DET
afbr-73	165	7	shortest	short	ADJ
afbr-73	165	8	possible	possible	ADJ
afbr-73	165	9	notice	notice	NOUN
afbr-73	165	10	.	.	PUNCT
afbr-73	166	1	it	it	PRON
afbr-73	166	2	also	also	ADV
afbr-73	166	3	enables	enable	VERB
afbr-73	166	4	the	the	DET
afbr-73	166	5	economic	economic	ADJ
afbr-73	166	6	agent	agent	NOUN
afbr-73	166	7	to	to	PART
afbr-73	166	8	plan	plan	VERB
afbr-73	166	9	for	for	ADP
afbr-73	166	10	its	its	PRON
afbr-73	166	11	future	future	ADJ
afbr-73	166	12	short	short	ADJ
afbr-73	166	13	-	-	PUNCT
afbr-73	166	14	term	term	NOUN
afbr-73	166	15	financing	financing	NOUN
afbr-73	166	16	requirements	requirement	NOUN
afbr-73	166	17	without	without	ADP
afbr-73	166	18	having	have	VERB
afbr-73	166	19	to	to	PART
afbr-73	166	20	know	know	VERB
afbr-73	166	21	exactly	exactly	ADV
afbr-73	166	22	how	how	SCONJ
afbr-73	166	23	much	much	ADJ
afbr-73	166	24	it	it	PRON
afbr-73	166	25	would	would	AUX
afbr-73	166	26	have	have	VERB
afbr-73	166	27	to	to	PART
afbr-73	166	28	borrow	borrow	VERB
afbr-73	166	29	each	each	DET
afbr-73	166	30	month	month	NOUN
afbr-73	166	31	.	.	PUNCT
afbr-73	167	1	usually	usually	ADV
afbr-73	167	2	,	,	PUNCT
afbr-73	167	3	a	a	DET
afbr-73	167	4	line	line	NOUN
afbr-73	167	5	of	of	ADP
afbr-73	167	6	credit	credit	NOUN
afbr-73	167	7	is	be	AUX
afbr-73	167	8	agreed	agree	VERB
afbr-73	167	9	upon	upon	SCONJ
afbr-73	167	10	for	for	ADP
afbr-73	167	11	a	a	DET
afbr-73	167	12	period	period	NOUN
afbr-73	167	13	of	of	ADP
afbr-73	167	14	1	1	NUM
afbr-73	167	15	year	year	NOUN
afbr-73	167	16	,	,	PUNCT
afbr-73	167	17	with	with	ADP
afbr-73	167	18	renewals	renewal	NOUN
afbr-73	167	19	being	be	AUX
afbr-73	167	20	subject	subject	ADJ
afbr-73	167	21	to	to	ADP
afbr-73	167	22	re	re	NOUN
afbr-73	167	23	-	-	NOUN
afbr-73	167	24	negotiation	negotiation	NOUN
afbr-73	167	25	each	each	DET
afbr-73	167	26	year	year	NOUN
afbr-73	167	27	.	.	PUNCT
afbr-73	168	1	banks	bank	NOUN
afbr-73	168	2	usually	usually	ADV
afbr-73	168	3	takes	take	VERB
afbr-73	168	4	into	into	ADP
afbr-73	168	5	consideration	consideration	NOUN
afbr-73	168	6	such	such	ADJ
afbr-73	168	7	factors	factor	NOUN
afbr-73	168	8	as	as	ADP
afbr-73	168	9	the	the	DET
afbr-73	168	10	customers	customer	NOUN
afbr-73	168	11	’	’	PART
afbr-73	168	12	personal	personal	ADJ
afbr-73	168	13	characteristics	characteristic	NOUN
afbr-73	168	14	-	-	PUNCT
afbr-73	168	15	character	character	NOUN
afbr-73	168	16	,	,	PUNCT
afbr-73	168	17	capacity	capacity	NOUN
afbr-73	168	18	,	,	PUNCT
afbr-73	168	19	and	and	CCONJ
afbr-73	168	20	capital	capital	NOUN
afbr-73	168	21	-	-	PUNCT
afbr-73	168	22	in	in	ADP
afbr-73	168	23	determining	determine	VERB
afbr-73	168	24	the	the	DET
afbr-73	168	25	size	size	NOUN
afbr-73	168	26	of	of	ADP
afbr-73	168	27	the	the	DET
afbr-73	168	28	credit	credit	NOUN
afbr-73	168	29	line	line	NOUN
afbr-73	168	30	.	.	PUNCT
afbr-73	169	1	the	the	DET
afbr-73	169	2	overall	overall	ADJ
afbr-73	169	3	credit	credit	NOUN
afbr-73	169	4	-	-	PUNCT
afbr-73	169	5	worthiness	worthiness	NOUN
afbr-73	169	6	of	of	ADP
afbr-73	169	7	the	the	DET
afbr-73	169	8	unit	unit	NOUN
afbr-73	169	9	is	be	AUX
afbr-73	169	10	important	important	ADJ
afbr-73	169	11	in	in	ADP
afbr-73	169	12	all	all	DET
afbr-73	169	13	credit	credit	NOUN
afbr-73	169	14	considerations	consideration	NOUN
afbr-73	169	15	.	.	PUNCT
afbr-73	170	1	for	for	ADP
afbr-73	170	2	business	business	NOUN
afbr-73	170	3	customers	customer	NOUN
afbr-73	170	4	,	,	PUNCT
afbr-73	170	5	the	the	DET
afbr-73	170	6	need	need	NOUN
afbr-73	170	7	to	to	PART
afbr-73	170	8	produce	produce	VERB
afbr-73	170	9	a	a	DET
afbr-73	170	10	projected	project	VERB
afbr-73	170	11	cash	cash	NOUN
afbr-73	170	12	flow	flow	NOUN
afbr-73	170	13	statement	statement	NOUN
afbr-73	170	14	alongside	alongside	ADP
afbr-73	170	15	the	the	DET
afbr-73	170	16	balance	balance	NOUN
afbr-73	170	17	sheet	sheet	NOUN
afbr-73	170	18	and	and	CCONJ
afbr-73	170	19	income	income	NOUN
afbr-73	170	20	statement	statement	NOUN
afbr-73	170	21	can	can	AUX
afbr-73	170	22	not	not	PART
afbr-73	170	23	be	be	AUX
afbr-73	170	24	overstressed	overstress	VERB
afbr-73	170	25	(	(	PUNCT
afbr-73	170	26	ezirim	ezirim	NOUN
afbr-73	170	27	,	,	PUNCT
afbr-73	170	28	2005	2005	NUM
afbr-73	170	29	)	)	PUNCT
afbr-73	170	30	.	.	PUNCT
afbr-73	171	1	cost	cost	NOUN
afbr-73	171	2	implications	implication	NOUN
afbr-73	171	3	of	of	ADP
afbr-73	171	4	lines	line	NOUN
afbr-73	171	5	of	of	ADP
afbr-73	171	6	credit	credit	NOUN
afbr-73	171	7	the	the	DET
afbr-73	171	8	interest	interest	NOUN
afbr-73	171	9	rate	rate	NOUN
afbr-73	171	10	chargeable	chargeable	ADJ
afbr-73	171	11	on	on	ADP
afbr-73	171	12	a	a	DET
afbr-73	171	13	line	line	NOUN
afbr-73	171	14	of	of	ADP
afbr-73	171	15	credit	credit	NOUN
afbr-73	171	16	is	be	AUX
afbr-73	171	17	usually	usually	ADV
afbr-73	171	18	determined	determine	VERB
afbr-73	171	19	by	by	ADP
afbr-73	171	20	adding	add	VERB
afbr-73	171	21	to	to	ADP
afbr-73	171	22	the	the	DET
afbr-73	171	23	prime	prime	ADJ
afbr-73	171	24	-	-	PUNCT
afbr-73	171	25	lending	lending	NOUN
afbr-73	171	26	rate	rate	NOUN
afbr-73	171	27	,	,	PUNCT
afbr-73	171	28	a	a	DET
afbr-73	171	29	premium	premium	NOUN
afbr-73	171	30	based	base	VERB
afbr-73	171	31	on	on	ADP
afbr-73	171	32	the	the	DET
afbr-73	171	33	borrower	borrower	NOUN
afbr-73	171	34	’s	’s	PART
afbr-73	171	35	credit	credit	NOUN
afbr-73	171	36	-	-	PUNCT
afbr-73	171	37	worthiness	worthiness	NOUN
afbr-73	171	38	.	.	PUNCT
afbr-73	172	1	i	i	PRON
afbr-73	172	2	=	=	VERB
afbr-73	172	3	pit	pit	NOUN
afbr-73	173	1	i	i	NOUN
afbr-73	173	2	=	=	NOUN
afbr-73	173	3	p	p	X
afbr-73	173	4	x	x	PUNCT
afbr-73	173	5	i	i	NOUN
afbr-73	173	6	x	x	PROPN
afbr-73	173	7	t	t	NOUN
afbr-73	173	8	revolving	revolve	VERB
afbr-73	173	9	credit	credit	NOUN
afbr-73	173	10	agreement	agreement	NOUN
afbr-73	173	11	for	for	ADP
afbr-73	173	12	a	a	DET
afbr-73	173	13	revolving	revolve	VERB
afbr-73	173	14	credit	credit	NOUN
afbr-73	173	15	agreement	agreement	NOUN
afbr-73	173	16	,	,	PUNCT
afbr-73	173	17	usually	usually	ADV
afbr-73	173	18	called	call	VERB
afbr-73	173	19	a	a	DET
afbr-73	173	20	revolver	revolver	NOUN
afbr-73	173	21	,	,	PUNCT
afbr-73	173	22	the	the	DET
afbr-73	173	23	bank	bank	NOUN
afbr-73	173	24	is	be	AUX
afbr-73	173	25	committed	commit	VERB
afbr-73	173	26	to	to	ADP
afbr-73	173	27	making	make	VERB
afbr-73	173	28	loans	loan	NOUN
afbr-73	173	29	to	to	ADP
afbr-73	173	30	an	an	DET
afbr-73	173	31	economic	economic	ADJ
afbr-73	173	32	unit	unit	NOUN
afbr-73	173	33	up	up	ADP
afbr-73	173	34	to	to	ADP
afbr-73	173	35	the	the	DET
afbr-73	173	36	agreed	agree	VERB
afbr-73	173	37	credit	credit	NOUN
afbr-73	173	38	limit	limit	NOUN
afbr-73	173	39	whether	whether	SCONJ
afbr-73	173	40	or	or	CCONJ
afbr-73	173	41	not	not	PART
afbr-73	173	42	the	the	DET
afbr-73	173	43	financial	financial	ADJ
afbr-73	173	44	position	position	NOUN
afbr-73	173	45	of	of	ADP
afbr-73	173	46	the	the	DET
afbr-73	173	47	economic	economic	ADJ
afbr-73	173	48	unit	unit	NOUN
afbr-73	173	49	is	be	AUX
afbr-73	173	50	deteriorating	deteriorate	VERB
afbr-73	173	51	or	or	CCONJ
afbr-73	173	52	whether	whether	SCONJ
afbr-73	173	53	or	or	CCONJ
afbr-73	173	54	not	not	PART
afbr-73	173	55	the	the	DET
afbr-73	173	56	bank	bank	NOUN
afbr-73	173	57	lacks	lack	VERB
afbr-73	173	58	sufficient	sufficient	ADJ
afbr-73	173	59	lonable	lonable	ADJ
afbr-73	173	60	funds	fund	NOUN
afbr-73	173	61	to	to	PART
afbr-73	173	62	meet	meet	VERB
afbr-73	173	63	the	the	DET
afbr-73	173	64	loan	loan	NOUN
afbr-73	173	65	requirements	requirement	NOUN
afbr-73	173	66	(	(	PUNCT
afbr-73	173	67	ezirim	ezirim	NOUN
afbr-73	173	68	,	,	PUNCT
afbr-73	173	69	2005	2005	NUM
afbr-73	173	70	)	)	PUNCT
afbr-73	173	71	.	.	PUNCT
afbr-73	174	1	cost	cost	NOUN
afbr-73	174	2	of	of	ADP
afbr-73	174	3	revolving	revolve	VERB
afbr-73	174	4	credit	credit	NOUN
afbr-73	174	5	agreements	agreement	NOUN
afbr-73	174	6	the	the	DET
afbr-73	174	7	annual	annual	ADJ
afbr-73	174	8	financing	financing	NOUN
afbr-73	174	9	cost	cost	NOUN
afbr-73	174	10	of	of	ADP
afbr-73	174	11	revolvers	revolver	NOUN
afbr-73	174	12	involves	involve	VERB
afbr-73	174	13	more	more	ADJ
afbr-73	174	14	rigorous	rigorous	ADJ
afbr-73	174	15	manipulations	manipulation	NOUN
afbr-73	174	16	than	than	ADP
afbr-73	174	17	single	single	ADJ
afbr-73	174	18	-	-	PUNCT
afbr-73	174	19	loan	loan	NOUN
afbr-73	174	20	or	or	CCONJ
afbr-73	174	21	line	line	NOUN
afbr-73	174	22	of	of	ADP
afbr-73	174	23	credit	credit	NOUN
afbr-73	174	24	arrangements	arrangement	NOUN
afbr-73	174	25	.	.	PUNCT
afbr-73	175	1	afc	afc	PROPN
afbr-73	175	2	=	=	PUNCT
afbr-73	175	3	)	)	PUNCT
afbr-73	175	4	(	(	PUNCT
afbr-73	175	5	365cosint	365cosint	NOUN
afbr-73	175	6	daysmaturitysusablefund	daysmaturitysusablefund	NOUN
afbr-73	175	7	feecommitmenttserest	feecommitmenttserest	NOUN
afbr-73	175	8			PROPN
afbr-73	175	9			PROPN
afbr-73	175	10	(	(	PUNCT
afbr-73	175	11	32	32	NUM
afbr-73	175	12	)	)	PUNCT
afbr-73	175	13	afc	afc	NOUN
afbr-73	175	14	=	=	PUNCT
afbr-73	175	15	)	)	PUNCT
afbr-73	175	16	(	(	PUNCT
afbr-73	175	17	365cosint	365cosint	NOUN
afbr-73	175	18	daysmaturitysusablefund	daysmaturitysusablefund	NOUN
afbr-73	175	19	feecommitmenttserest	feecommitmenttserest	NOUN
afbr-73	175	20			PROPN
afbr-73	175	21			PROPN
afbr-73	175	22	(	(	PUNCT
afbr-73	175	23	33	33	NUM
afbr-73	175	24	)	)	PUNCT
afbr-73	175	25	hire	hire	NOUN
afbr-73	175	26	purchase	purchase	NOUN
afbr-73	175	27	this	this	PRON
afbr-73	175	28	is	be	AUX
afbr-73	175	29	a	a	DET
afbr-73	175	30	useful	useful	ADJ
afbr-73	175	31	method	method	NOUN
afbr-73	175	32	of	of	ADP
afbr-73	175	33	indirect	indirect	ADJ
afbr-73	175	34	finance	finance	NOUN
afbr-73	175	35	.	.	PUNCT
afbr-73	176	1	by	by	ADP
afbr-73	176	2	this	this	DET
afbr-73	176	3	method	method	NOUN
afbr-73	176	4	,	,	PUNCT
afbr-73	176	5	an	an	DET
afbr-73	176	6	economic	economic	ADJ
afbr-73	176	7	unit	unit	NOUN
afbr-73	176	8	can	can	AUX
afbr-73	176	9	obtain	obtain	VERB
afbr-73	176	10	fixed	fix	VERB
afbr-73	176	11	assets	asset	NOUN
afbr-73	176	12	by	by	ADP
afbr-73	176	13	mere	mere	ADJ
afbr-73	176	14	payment	payment	NOUN
afbr-73	176	15	of	of	ADP
afbr-73	176	16	the	the	DET
afbr-73	176	17	initial	initial	ADJ
afbr-73	176	18	deposit	deposit	NOUN
afbr-73	176	19	,	,	PUNCT
afbr-73	176	20	called	call	VERB
afbr-73	176	21	an	an	DET
afbr-73	176	22	earnest	earnest	ADJ
afbr-73	176	23	sum	sum	NOUN
afbr-73	176	24	or	or	CCONJ
afbr-73	176	25	down	down	ADP
afbr-73	176	26	payment	payment	NOUN
afbr-73	176	27	,	,	PUNCT
afbr-73	176	28	and	and	CCONJ
afbr-73	176	29	thereafter	thereafter	ADV
afbr-73	176	30	pays	pays	AUX
afbr-73	176	31	agreed	agree	VERB
afbr-73	176	32	installments	installment	NOUN
afbr-73	176	33	.	.	PUNCT
afbr-73	177	1	the	the	DET
afbr-73	177	2	hire	hire	NOUN
afbr-73	177	3	purchase	purchase	NOUN
afbr-73	177	4	arrangement	arrangement	NOUN
afbr-73	177	5	is	be	AUX
afbr-73	177	6	with	with	ADP
afbr-73	177	7	interest	interest	NOUN
afbr-73	177	8	and	and	CCONJ
afbr-73	177	9	at	at	ADP
afbr-73	177	10	times	time	NOUN
afbr-73	177	11	attracts	attract	VERB
afbr-73	177	12	service	service	NOUN
afbr-73	177	13	charges	charge	NOUN
afbr-73	177	14	.	.	PUNCT
afbr-73	178	1	there	there	PRON
afbr-73	178	2	is	be	VERB
afbr-73	178	3	no	no	DET
afbr-73	178	4	need	need	NOUN
afbr-73	178	5	to	to	PART
afbr-73	178	6	have	have	AUX
afbr-73	178	7	one	one	NUM
afbr-73	178	8	form	form	NOUN
afbr-73	178	9	of	of	ADP
afbr-73	178	10	collateral	collateral	NOUN
afbr-73	178	11	or	or	CCONJ
afbr-73	178	12	the	the	DET
afbr-73	178	13	other	other	ADJ
afbr-73	178	14	before	before	ADP
afbr-73	178	15	entering	enter	VERB
afbr-73	178	16	into	into	ADP
afbr-73	178	17	the	the	DET
afbr-73	178	18	agreement	agreement	NOUN
afbr-73	178	19	;	;	PUNCT
afbr-73	178	20	as	as	SCONJ
afbr-73	178	21	the	the	DET
afbr-73	178	22	assets	asset	NOUN
afbr-73	178	23	,	,	PUNCT
afbr-73	178	24	once	once	ADV
afbr-73	178	25	in	in	ADP
afbr-73	178	26	use	use	NOUN
afbr-73	178	27	,	,	PUNCT
afbr-73	178	28	will	will	AUX
afbr-73	178	29	normally	normally	ADV
afbr-73	178	30	generate	generate	VERB
afbr-73	178	31	enough	enough	ADJ
afbr-73	178	32	profit	profit	NOUN
afbr-73	178	33	to	to	PART
afbr-73	178	34	discharge	discharge	VERB
afbr-73	178	35	agreed	agree	VERB
afbr-73	178	36	installments	installment	NOUN
afbr-73	178	37	.	.	PUNCT
afbr-73	179	1	despite	despite	SCONJ
afbr-73	179	2	the	the	DET
afbr-73	179	3	somewhat	somewhat	ADV
afbr-73	179	4	glaring	glaring	ADJ
afbr-73	179	5	advantages	advantage	NOUN
afbr-73	179	6	of	of	ADP
afbr-73	179	7	this	this	DET
afbr-73	179	8	indirect	indirect	ADJ
afbr-73	179	9	method	method	NOUN
afbr-73	179	10	of	of	ADP
afbr-73	179	11	financing	financing	NOUN
afbr-73	179	12	,	,	PUNCT
afbr-73	179	13	hire	hire	NOUN
afbr-73	179	14	purchase	purchase	NOUN
afbr-73	179	15	can	can	AUX
afbr-73	179	16	attract	attract	VERB
afbr-73	179	17	a	a	DET
afbr-73	179	18	very	very	ADV
afbr-73	179	19	high	high	ADJ
afbr-73	179	20	cost	cost	NOUN
afbr-73	179	21	of	of	ADP
afbr-73	179	22	financing	financing	NOUN
afbr-73	179	23	,	,	PUNCT
afbr-73	179	24	in	in	ADP
afbr-73	179	25	the	the	DET
afbr-73	179	26	form	form	NOUN
afbr-73	179	27	of	of	ADP
afbr-73	179	28	high	high	ADJ
afbr-73	179	29	rate	rate	NOUN
afbr-73	179	30	of	of	ADP
afbr-73	179	31	interest	interest	NOUN
afbr-73	179	32	.	.	PUNCT
afbr-73	180	1	also	also	ADV
afbr-73	180	2	,	,	PUNCT
afbr-73	180	3	it	it	PRON
afbr-73	180	4	calls	call	VERB
afbr-73	180	5	for	for	ADP
afbr-73	180	6	a	a	DET
afbr-73	180	7	very	very	ADV
afbr-73	180	8	short	short	ADJ
afbr-73	180	9	period	period	NOUN
afbr-73	180	10	for	for	ADP
afbr-73	180	11	which	which	PRON
afbr-73	180	12	assets	asset	NOUN
afbr-73	180	13	may	may	AUX
afbr-73	180	14	be	be	AUX
afbr-73	180	15	obtained	obtain	VERB
afbr-73	180	16	and	and	CCONJ
afbr-73	180	17	too	too	ADV
afbr-73	180	18	many	many	ADJ
afbr-73	180	19	of	of	ADP
afbr-73	180	20	such	such	ADJ
afbr-73	180	21	agreements	agreement	NOUN
afbr-73	180	22	can	can	AUX
afbr-73	180	23	drain	drain	VERB
afbr-73	180	24	the	the	DET
afbr-73	180	25	profits	profit	NOUN
afbr-73	180	26	of	of	ADP
afbr-73	180	27	the	the	DET
afbr-73	180	28	company	company	NOUN
afbr-73	180	29	substantially	substantially	ADV
afbr-73	180	30	(	(	PUNCT
afbr-73	180	31	ezirim	ezirim	NOUN
afbr-73	180	32	,	,	PUNCT
afbr-73	180	33	2005	2005	NUM
afbr-73	180	34	)	)	PUNCT
afbr-73	180	35	.	.	PUNCT
afbr-73	181	1	cost	cost	NOUN
afbr-73	181	2	of	of	ADP
afbr-73	181	3	capital	capital	NOUN
afbr-73	181	4	and	and	CCONJ
afbr-73	181	5	corporate	corporate	ADJ
afbr-73	181	6	earning	earning	NOUN
afbr-73	181	7	of	of	ADP
afbr-73	181	8	nigeria	nigeria	PROPN
afbr-73	181	9	quoted	quote	VERB
afbr-73	181	10	firms	firm	NOUN
afbr-73	181	11	:	:	PUNCT
afbr-73	181	12	a	a	DET
afbr-73	181	13	multi	multi	ADJ
afbr-73	181	14	-	-	ADJ
afbr-73	181	15	dimensional	dimensional	ADJ
afbr-73	181	16	analysis	analysis	NOUN
afbr-73	181	17	of	of	ADP
afbr-73	181	18	quoted	quote	VERB
afbr-73	181	19	firms	firm	NOUN
afbr-73	181	20	in	in	ADP
afbr-73	181	21	nigeria	nigeria	PROPN
afbr-73	181	22	lucky	lucky	ADJ
afbr-73	181	23	anyike	anyike	ADP
afbr-73	181	24	lucky	lucky	ADJ
afbr-73	181	25	51	51	NUM
afbr-73	181	26	cost	cost	NOUN
afbr-73	181	27	of	of	ADP
afbr-73	181	28	hire	hire	NOUN
afbr-73	181	29	purchase	purchase	NOUN
afbr-73	181	30	in	in	ADP
afbr-73	181	31	hire	hire	NOUN
afbr-73	181	32	purchase	purchase	NOUN
afbr-73	181	33	contracts	contract	NOUN
afbr-73	181	34	,	,	PUNCT
afbr-73	181	35	the	the	DET
afbr-73	181	36	buyer	buyer	NOUN
afbr-73	181	37	usually	usually	ADV
afbr-73	181	38	makes	make	VERB
afbr-73	181	39	an	an	DET
afbr-73	181	40	initial	initial	ADJ
afbr-73	181	41	deposit	deposit	NOUN
afbr-73	181	42	called	call	VERB
afbr-73	181	43	down	down	ADP
afbr-73	181	44	payment	payment	NOUN
afbr-73	181	45	,	,	PUNCT
afbr-73	181	46	or	or	CCONJ
afbr-73	181	47	more	more	ADV
afbr-73	181	48	traditionally	traditionally	ADV
afbr-73	181	49	,	,	PUNCT
afbr-73	181	50	an	an	DET
afbr-73	181	51	earnest	earnest	ADJ
afbr-73	181	52	payment	payment	NOUN
afbr-73	181	53	and	and	CCONJ
afbr-73	181	54	further	far	ADV
afbr-73	181	55	agrees	agree	VERB
afbr-73	181	56	to	to	PART
afbr-73	181	57	pay	pay	VERB
afbr-73	181	58	off	off	ADP
afbr-73	181	59	the	the	DET
afbr-73	181	60	remainder	remainder	NOUN
afbr-73	181	61	in	in	ADP
afbr-73	181	62	regular	regular	ADJ
afbr-73	181	63	(	(	PUNCT
afbr-73	181	64	or	or	CCONJ
afbr-73	181	65	otherwise	otherwise	ADV
afbr-73	181	66	)	)	PUNCT
afbr-73	181	67	installments	installment	NOUN
afbr-73	181	68	.	.	PUNCT
afbr-73	182	1	the	the	DET
afbr-73	182	2	initial	initial	ADJ
afbr-73	182	3	down	down	ADJ
afbr-73	182	4	payment	payment	NOUN
afbr-73	182	5	is	be	AUX
afbr-73	182	6	a	a	DET
afbr-73	182	7	type	type	NOUN
afbr-73	182	8	of	of	ADP
afbr-73	182	9	guarantee	guarantee	NOUN
afbr-73	182	10	.	.	PUNCT
afbr-73	183	1	since	since	SCONJ
afbr-73	183	2	the	the	DET
afbr-73	183	3	total	total	ADJ
afbr-73	183	4	payment	payment	NOUN
afbr-73	183	5	is	be	AUX
afbr-73	183	6	not	not	PART
afbr-73	183	7	completed	complete	VERB
afbr-73	183	8	on	on	ADP
afbr-73	183	9	the	the	DET
afbr-73	183	10	day	day	NOUN
afbr-73	183	11	of	of	ADP
afbr-73	183	12	purchase	purchase	NOUN
afbr-73	183	13	,	,	PUNCT
afbr-73	183	14	a	a	DET
afbr-73	183	15	carrying	carry	VERB
afbr-73	183	16	cost	cost	NOUN
afbr-73	183	17	(	(	PUNCT
afbr-73	183	18	an	an	DET
afbr-73	183	19	extra	extra	ADJ
afbr-73	183	20	charge	charge	NOUN
afbr-73	183	21	for	for	ADP
afbr-73	183	22	the	the	DET
afbr-73	183	23	privilege	privilege	NOUN
afbr-73	183	24	of	of	ADP
afbr-73	183	25	deferred	defer	VERB
afbr-73	183	26	partial	partial	ADJ
afbr-73	183	27	payments	payment	NOUN
afbr-73	183	28	)	)	PUNCT
afbr-73	183	29	is	be	AUX
afbr-73	183	30	often	often	ADV
afbr-73	183	31	included	include	VERB
afbr-73	183	32	by	by	ADP
afbr-73	183	33	the	the	DET
afbr-73	183	34	seller	seller	NOUN
afbr-73	183	35	spreading	spread	VERB
afbr-73	183	36	alongside	alongside	ADP
afbr-73	183	37	the	the	DET
afbr-73	183	38	installments	installment	NOUN
afbr-73	183	39	.	.	PUNCT
afbr-73	184	1	this	this	PRON
afbr-73	184	2	carrying	carry	VERB
afbr-73	184	3	cost	cost	NOUN
afbr-73	184	4	is	be	AUX
afbr-73	184	5	a	a	DET
afbr-73	184	6	type	type	NOUN
afbr-73	184	7	of	of	ADP
afbr-73	184	8	interest	interest	NOUN
afbr-73	184	9	a	a	DET
afbr-73	184	10	price	price	NOUN
afbr-73	184	11	for	for	ADP
afbr-73	184	12	using	use	VERB
afbr-73	184	13	the	the	DET
afbr-73	184	14	installmental	installmental	ADJ
afbr-73	184	15	buying	buying	NOUN
afbr-73	184	16	facility	facility	NOUN
afbr-73	184	17	.	.	PUNCT
afbr-73	185	1	thus	thus	ADV
afbr-73	185	2	the	the	DET
afbr-73	185	3	total	total	ADJ
afbr-73	185	4	amount	amount	NOUN
afbr-73	185	5	(	(	PUNCT
afbr-73	185	6	sn	sn	NOUN
afbr-73	185	7	)	)	PUNCT
afbr-73	185	8	paid	pay	VERB
afbr-73	185	9	by	by	ADP
afbr-73	185	10	the	the	DET
afbr-73	185	11	buyer	buyer	NOUN
afbr-73	185	12	will	will	AUX
afbr-73	185	13	represent	represent	VERB
afbr-73	185	14	the	the	DET
afbr-73	185	15	down	down	ADJ
afbr-73	185	16	payment	payment	NOUN
afbr-73	185	17	(	(	PUNCT
afbr-73	185	18	so	so	ADV
afbr-73	185	19	)	)	PUNCT
afbr-73	185	20	plus	plus	CCONJ
afbr-73	185	21	the	the	DET
afbr-73	185	22	series	series	NOUN
afbr-73	185	23	of	of	ADP
afbr-73	185	24	the	the	DET
afbr-73	185	25	installmental	installmental	ADJ
afbr-73	185	26	payments	payment	NOUN
afbr-73	185	27	which	which	PRON
afbr-73	185	28	includes	include	VERB
afbr-73	185	29	the	the	DET
afbr-73	185	30	carrying	carry	VERB
afbr-73	185	31	charges	charge	NOUN
afbr-73	185	32	(	(	PUNCT
afbr-73	185	33	r1	r1	NOUN
afbr-73	185	34	+	+	NUM
afbr-73	185	35	r2	r2	PROPN
afbr-73	185	36	+	+	CCONJ
afbr-73	185	37	…	…	PUNCT
afbr-73	185	38	.	.	PUNCT
afbr-73	186	1	+	+	CCONJ
afbr-73	186	2	rn	rn	NOUN
afbr-73	186	3	)	)	PUNCT
afbr-73	186	4	.	.	PUNCT
afbr-73	187	1	sn	sn	PROPN
afbr-73	188	1	=	=	PUNCT
afbr-73	189	1	so	so	ADV
afbr-73	189	2	+	+	CCONJ
afbr-73	189	3	(	(	PUNCT
afbr-73	189	4	r1	r1	NOUN
afbr-73	189	5	+	+	NUM
afbr-73	189	6	r2	r2	PROPN
afbr-73	189	7	+	+	CCONJ
afbr-73	189	8	…	…	PUNCT
afbr-73	189	9	.	.	PUNCT
afbr-73	190	1	+	+	CCONJ
afbr-73	190	2	rn	rn	NOUN
afbr-73	190	3	)	)	PUNCT
afbr-73	190	4	(	(	PUNCT
afbr-73	190	5	34	34	NUM
afbr-73	190	6	)	)	PUNCT
afbr-73	190	7	where	where	SCONJ
afbr-73	190	8	sn	sn	PROPN
afbr-73	190	9	=	=	SYM
afbr-73	190	10	total	total	NOUN
afbr-73	190	11	amount	amount	NOUN
afbr-73	190	12	paid	pay	VERB
afbr-73	190	13	by	by	ADP
afbr-73	190	14	purchaser	purchaser	NOUN
afbr-73	191	1	so	so	SCONJ
afbr-73	191	2	=	=	PUNCT
afbr-73	192	1	down	down	ADJ
afbr-73	192	2	payment	payment	NOUN
afbr-73	192	3	r	r	NOUN
afbr-73	192	4	=	=	SYM
afbr-73	192	5	partial	partial	ADJ
afbr-73	192	6	payments	payment	NOUN
afbr-73	192	7	plus	plus	CCONJ
afbr-73	192	8	interest	interest	NOUN
afbr-73	192	9	made	make	VERB
afbr-73	192	10	on	on	ADP
afbr-73	192	11	installments	installment	NOUN
afbr-73	192	12	.	.	PUNCT
afbr-73	193	1	direct	direct	ADJ
afbr-73	193	2	ratio	ratio	NOUN
afbr-73	193	3	formula	formula	NOUN
afbr-73	193	4	)	)	PUNCT
afbr-73	193	5	1()1(3	1()1(3	NUM
afbr-73	193	6	6	6	NUM
afbr-73	193	7			NOUN
afbr-73	193	8			PROPN
afbr-73	193	9	ninb	ninb	PROPN
afbr-73	193	10	mi	mi	PROPN
afbr-73	194	1	r	r	NOUN
afbr-73	194	2	(	(	PUNCT
afbr-73	194	3	35	35	NUM
afbr-73	194	4	)	)	PUNCT
afbr-73	194	5	factoring	factoring	NOUN
afbr-73	194	6	accounts	account	NOUN
afbr-73	194	7	receivables	receivables	NOUN
afbr-73	194	8	account	account	NOUN
afbr-73	194	9	receivables	receivables	NOUN
afbr-73	194	10	’	'	PUNCT
afbr-73	194	11	factoring	factoring	NOUN
afbr-73	194	12	concerns	concern	NOUN
afbr-73	194	13	itself	itself	PRON
afbr-73	194	14	with	with	ADP
afbr-73	194	15	the	the	DET
afbr-73	194	16	outright	outright	ADJ
afbr-73	194	17	sale	sale	NOUN
afbr-73	194	18	of	of	ADP
afbr-73	194	19	the	the	DET
afbr-73	194	20	economic	economic	ADJ
afbr-73	194	21	unit	unit	NOUN
afbr-73	194	22	’s	’s	PART
afbr-73	194	23	receivables	receivables	NOUN
afbr-73	194	24	to	to	ADP
afbr-73	194	25	a	a	DET
afbr-73	194	26	financial	financial	ADJ
afbr-73	194	27	institution	institution	NOUN
afbr-73	194	28	or	or	CCONJ
afbr-73	194	29	consultant	consultant	NOUN
afbr-73	194	30	referred	refer	VERB
afbr-73	194	31	to	to	ADP
afbr-73	194	32	as	as	ADP
afbr-73	194	33	a	a	DET
afbr-73	194	34	factor	factor	NOUN
afbr-73	194	35	.	.	PUNCT
afbr-73	195	1	when	when	SCONJ
afbr-73	195	2	this	this	PRON
afbr-73	195	3	is	be	AUX
afbr-73	195	4	done	do	VERB
afbr-73	195	5	,	,	PUNCT
afbr-73	195	6	and	and	CCONJ
afbr-73	195	7	subsequent	subsequent	ADJ
afbr-73	195	8	transfer	transfer	NOUN
afbr-73	195	9	made	make	VERB
afbr-73	195	10	,	,	PUNCT
afbr-73	195	11	the	the	DET
afbr-73	195	12	receivables	receivables	NOUN
afbr-73	195	13	no	no	ADV
afbr-73	195	14	longer	long	ADV
afbr-73	195	15	appears	appear	VERB
afbr-73	195	16	in	in	ADP
afbr-73	195	17	the	the	DET
afbr-73	195	18	books	book	NOUN
afbr-73	195	19	(	(	PUNCT
afbr-73	195	20	statement	statement	NOUN
afbr-73	195	21	of	of	ADP
afbr-73	195	22	affair	affair	NOUN
afbr-73	195	23	)	)	PUNCT
afbr-73	195	24	of	of	ADP
afbr-73	195	25	the	the	DET
afbr-73	195	26	economic	economic	ADJ
afbr-73	195	27	unit	unit	NOUN
afbr-73	195	28	,	,	PUNCT
afbr-73	195	29	say	say	VERB
afbr-73	195	30	,	,	PUNCT
afbr-73	195	31	a	a	DET
afbr-73	195	32	firm	firm	NOUN
afbr-73	195	33	.	.	PUNCT
afbr-73	196	1	the	the	DET
afbr-73	196	2	process	process	NOUN
afbr-73	196	3	of	of	ADP
afbr-73	196	4	factoring	factoring	NOUN
afbr-73	196	5	takes	take	VERB
afbr-73	196	6	off	off	ADP
afbr-73	196	7	with	with	ADP
afbr-73	196	8	a	a	DET
afbr-73	196	9	contract	contract	NOUN
afbr-73	196	10	that	that	PRON
afbr-73	196	11	clearly	clearly	ADV
afbr-73	196	12	specifies	specify	VERB
afbr-73	196	13	the	the	DET
afbr-73	196	14	modalities	modality	NOUN
afbr-73	196	15	for	for	ADP
afbr-73	196	16	the	the	DET
afbr-73	196	17	agreement	agreement	NOUN
afbr-73	196	18	including	include	VERB
afbr-73	196	19	terms	term	NOUN
afbr-73	196	20	of	of	ADP
afbr-73	196	21	purchase	purchase	NOUN
afbr-73	196	22	and	and	CCONJ
afbr-73	196	23	advance	advance	NOUN
afbr-73	196	24	of	of	ADP
afbr-73	196	25	funds	fund	NOUN
afbr-73	196	26	,	,	PUNCT
afbr-73	196	27	generated	generate	VERB
afbr-73	196	28	in	in	ADP
afbr-73	196	29	the	the	DET
afbr-73	196	30	factoring	factoring	NOUN
afbr-73	196	31	exercise	exercise	NOUN
afbr-73	196	32	.	.	PUNCT
afbr-73	197	1	the	the	DET
afbr-73	197	2	firm	firm	NOUN
afbr-73	197	3	selling	sell	VERB
afbr-73	197	4	the	the	DET
afbr-73	197	5	receivables	receivables	NOUN
afbr-73	197	6	makes	make	VERB
afbr-73	197	7	available	available	ADJ
afbr-73	197	8	the	the	DET
afbr-73	197	9	accounts	account	NOUN
afbr-73	197	10	to	to	ADP
afbr-73	197	11	the	the	DET
afbr-73	197	12	factor	factor	NOUN
afbr-73	197	13	for	for	ADP
afbr-73	197	14	credit	credit	NOUN
afbr-73	197	15	checking	checking	NOUN
afbr-73	197	16	,	,	PUNCT
afbr-73	197	17	appraisal	appraisal	NOUN
afbr-73	197	18	an	an	DET
afbr-73	197	19	approval	approval	NOUN
afbr-73	197	20	.	.	PUNCT
afbr-73	198	1	should	should	AUX
afbr-73	198	2	the	the	DET
afbr-73	198	3	factor	factor	NOUN
afbr-73	198	4	agree	agree	VERB
afbr-73	198	5	to	to	PART
afbr-73	198	6	take	take	VERB
afbr-73	198	7	over	over	ADP
afbr-73	198	8	the	the	DET
afbr-73	198	9	debts	debt	NOUN
afbr-73	198	10	;	;	PUNCT
afbr-73	198	11	the	the	DET
afbr-73	198	12	firm	firm	NOUN
afbr-73	198	13	would	would	AUX
afbr-73	198	14	notify	notify	VERB
afbr-73	198	15	its	its	PRON
afbr-73	198	16	debtors	debtor	NOUN
afbr-73	198	17	of	of	ADP
afbr-73	198	18	the	the	DET
afbr-73	198	19	sale	sale	NOUN
afbr-73	198	20	of	of	ADP
afbr-73	198	21	their	their	PRON
afbr-73	198	22	accounts	account	NOUN
afbr-73	198	23	and	and	CCONJ
afbr-73	198	24	instruct	instruct	VERB
afbr-73	198	25	them	they	PRON
afbr-73	198	26	to	to	PART
afbr-73	198	27	pay	pay	VERB
afbr-73	198	28	the	the	DET
afbr-73	198	29	factor	factor	NOUN
afbr-73	198	30	directly	directly	ADV
afbr-73	198	31	.	.	PUNCT
afbr-73	199	1	in	in	ADP
afbr-73	199	2	this	this	DET
afbr-73	199	3	type	type	NOUN
afbr-73	199	4	of	of	ADP
afbr-73	199	5	arrangement	arrangement	NOUN
afbr-73	199	6	therefore	therefore	ADV
afbr-73	199	7	,	,	PUNCT
afbr-73	199	8	a	a	DET
afbr-73	199	9	firm	firm	NOUN
afbr-73	199	10	may	may	AUX
afbr-73	199	11	sell	sell	VERB
afbr-73	199	12	its	its	PRON
afbr-73	199	13	book	book	NOUN
afbr-73	199	14	debts	debt	NOUN
afbr-73	199	15	(	(	PUNCT
afbr-73	199	16	at	at	ADP
afbr-73	199	17	a	a	DET
afbr-73	199	18	discount	discount	NOUN
afbr-73	199	19	,	,	PUNCT
afbr-73	199	20	to	to	PART
afbr-73	199	21	allow	allow	VERB
afbr-73	199	22	a	a	DET
afbr-73	199	23	profit	profit	NOUN
afbr-73	199	24	for	for	ADP
afbr-73	199	25	the	the	DET
afbr-73	199	26	buyer	buyer	NOUN
afbr-73	199	27	)	)	PUNCT
afbr-73	199	28	.	.	PUNCT
afbr-73	200	1	the	the	DET
afbr-73	200	2	reason	reason	NOUN
afbr-73	200	3	for	for	ADP
afbr-73	200	4	this	this	PRON
afbr-73	200	5	may	may	AUX
afbr-73	200	6	stem	stem	VERB
afbr-73	200	7	from	from	ADP
afbr-73	200	8	the	the	DET
afbr-73	200	9	need	need	NOUN
afbr-73	200	10	to	to	PART
afbr-73	200	11	avoid	avoid	VERB
afbr-73	200	12	tying	tie	VERB
afbr-73	200	13	down	down	ADP
afbr-73	200	14	funds	fund	NOUN
afbr-73	200	15	,	,	PUNCT
afbr-73	200	16	needed	need	VERB
afbr-73	200	17	for	for	ADP
afbr-73	200	18	other	other	ADJ
afbr-73	200	19	operations	operation	NOUN
afbr-73	200	20	,	,	PUNCT
afbr-73	200	21	in	in	ADP
afbr-73	200	22	the	the	DET
afbr-73	200	23	credit	credit	NOUN
afbr-73	200	24	it	it	PRON
afbr-73	200	25	allows	allow	VERB
afbr-73	200	26	to	to	ADP
afbr-73	200	27	the	the	DET
afbr-73	200	28	customers	customer	NOUN
afbr-73	200	29	(	(	PUNCT
afbr-73	200	30	ezirim	ezirim	NOUN
afbr-73	200	31	,	,	PUNCT
afbr-73	200	32	2005	2005	NUM
afbr-73	200	33	)	)	PUNCT
afbr-73	200	34	.	.	PUNCT
afbr-73	201	1	cost	cost	NOUN
afbr-73	201	2	of	of	ADP
afbr-73	201	3	factoring	factoring	NOUN
afbr-73	201	4	receivables	receivables	NOUN
afbr-73	201	5	in	in	ADP
afbr-73	201	6	factoring	factoring	NOUN
afbr-73	201	7	receivables	receivables	NOUN
afbr-73	201	8	,	,	PUNCT
afbr-73	201	9	there	there	PRON
afbr-73	201	10	is	be	VERB
afbr-73	201	11	usually	usually	ADV
afbr-73	201	12	a	a	DET
afbr-73	201	13	service	service	NOUN
afbr-73	201	14	fee	fee	NOUN
afbr-73	201	15	that	that	PRON
afbr-73	201	16	is	be	AUX
afbr-73	201	17	between	between	ADP
afbr-73	201	18	1	1	NUM
afbr-73	201	19	%	%	NOUN
afbr-73	201	20	to	to	PART
afbr-73	201	21	3	3	NUM
afbr-73	201	22	%	%	NOUN
afbr-73	201	23	of	of	ADP
afbr-73	201	24	the	the	DET
afbr-73	201	25	factored	factored	ADJ
afbr-73	201	26	receivable	receivable	NOUN
afbr-73	201	27	.	.	PUNCT
afbr-73	202	1	annual	annual	ADJ
afbr-73	202	2	financing	financing	NOUN
afbr-73	202	3	cost	cost	NOUN
afbr-73	202	4	before	before	ADP
afbr-73	202	5	considering	consider	VERB
afbr-73	202	6	cost	cost	NOUN
afbr-73	202	7	savings	saving	NOUN
afbr-73	202	8	and	and	CCONJ
afbr-73	202	9	bad	bad	ADJ
afbr-73	202	10	-	-	PUNCT
afbr-73	202	11	debt	debt	NOUN
afbr-73	202	12	losses	loss	NOUN
afbr-73	202	13	afc	afc	NOUN
afbr-73	202	14	=	=	SYM
afbr-73	202	15	)	)	PUNCT
afbr-73	202	16	(	(	PUNCT
afbr-73	202	17	365cos	365cos	NUM
afbr-73	202	18	maturitydaysfundsusable	maturitydaysfundsusable	ADJ
afbr-73	202	19	feestsinterest	feestsinter	ADJ
afbr-73	202	20			PROPN
afbr-73	202	21			PROPN
afbr-73	202	22	(	(	PUNCT
afbr-73	202	23	36	36	NUM
afbr-73	202	24	)	)	PUNCT
afbr-73	202	25	afc	afc	PROPN
afbr-73	202	26	=	=	NOUN
afbr-73	202	27	maturitytodayssusablefund	maturitytodayssusablefund	PROPN
afbr-73	202	28	savingsttotalcostsinterest	savingsttotalcostsinterest	VERB
afbr-73	202	29	365cos	365cos	NUM
afbr-73	202	30			NOUN
afbr-73	202	31			PROPN
afbr-73	202	32	(	(	PUNCT
afbr-73	202	33	37	37	NUM
afbr-73	202	34	)	)	PUNCT
afbr-73	202	35	lease	lease	NOUN
afbr-73	202	36	financing	financing	NOUN
afbr-73	202	37	equipment	equipment	NOUN
afbr-73	202	38	leasing	leasing	NOUN
afbr-73	202	39	involves	involve	VERB
afbr-73	202	40	entering	enter	VERB
afbr-73	202	41	into	into	ADP
afbr-73	202	42	an	an	DET
afbr-73	202	43	agreement	agreement	NOUN
afbr-73	202	44	with	with	ADP
afbr-73	202	45	a	a	DET
afbr-73	202	46	bank	bank	NOUN
afbr-73	202	47	,	,	PUNCT
afbr-73	202	48	a	a	DET
afbr-73	202	49	no	no	DET
afbr-73	202	50	-	-	PUNCT
afbr-73	202	51	bank	bank	NOUN
afbr-73	202	52	financial	financial	ADJ
afbr-73	202	53	institution	institution	NOUN
afbr-73	202	54	or	or	CCONJ
afbr-73	202	55	even	even	ADV
afbr-73	202	56	the	the	DET
afbr-73	202	57	cost	cost	NOUN
afbr-73	202	58	of	of	ADP
afbr-73	202	59	capital	capital	NOUN
afbr-73	202	60	and	and	CCONJ
afbr-73	202	61	corporate	corporate	ADJ
afbr-73	202	62	earning	earning	NOUN
afbr-73	202	63	of	of	ADP
afbr-73	202	64	nigeria	nigeria	PROPN
afbr-73	202	65	quoted	quote	VERB
afbr-73	202	66	firms	firm	NOUN
afbr-73	202	67	:	:	PUNCT
afbr-73	202	68	a	a	DET
afbr-73	202	69	multi	multi	ADJ
afbr-73	202	70	-	-	ADJ
afbr-73	202	71	dimensional	dimensional	ADJ
afbr-73	202	72	analysis	analysis	NOUN
afbr-73	202	73	of	of	ADP
afbr-73	202	74	quoted	quote	VERB
afbr-73	202	75	firms	firm	NOUN
afbr-73	202	76	in	in	ADP
afbr-73	202	77	nigeria	nigeria	PROPN
afbr-73	202	78	lucky	lucky	ADJ
afbr-73	202	79	anyike	anyike	ADP
afbr-73	202	80	lucky	lucky	ADJ
afbr-73	202	81	52	52	NUM
afbr-73	202	82	manufacturer	manufacturer	NOUN
afbr-73	202	83	,	,	PUNCT
afbr-73	202	84	for	for	ADP
afbr-73	202	85	the	the	DET
afbr-73	202	86	use	use	NOUN
afbr-73	202	87	of	of	ADP
afbr-73	202	88	a	a	DET
afbr-73	202	89	particular	particular	ADJ
afbr-73	202	90	fixed	fix	VERB
afbr-73	202	91	asset	asset	NOUN
afbr-73	202	92	at	at	ADP
afbr-73	202	93	an	an	DET
afbr-73	202	94	agreed	agree	VERB
afbr-73	202	95	rental	rental	NOUN
afbr-73	202	96	.	.	PUNCT
afbr-73	203	1	a	a	DET
afbr-73	203	2	lease	lease	NOUN
afbr-73	203	3	has	have	AUX
afbr-73	203	4	been	be	AUX
afbr-73	203	5	defined	define	VERB
afbr-73	203	6	as	as	ADP
afbr-73	203	7	a	a	DET
afbr-73	203	8	contract	contract	NOUN
afbr-73	203	9	whereby	whereby	ADV
afbr-73	203	10	,	,	PUNCT
afbr-73	203	11	over	over	ADP
afbr-73	203	12	the	the	DET
afbr-73	203	13	term	term	NOUN
afbr-73	203	14	of	of	ADP
afbr-73	203	15	the	the	DET
afbr-73	203	16	lease	lease	NOUN
afbr-73	203	17	,	,	PUNCT
afbr-73	203	18	the	the	DET
afbr-73	203	19	lessor	lessor	NOUN
afbr-73	203	20	(	(	PUNCT
afbr-73	203	21	owner	owner	NOUN
afbr-73	203	22	)	)	PUNCT
afbr-73	203	23	allows	allow	VERB
afbr-73	203	24	the	the	DET
afbr-73	203	25	lessee	lessee	NOUN
afbr-73	203	26	(	(	PUNCT
afbr-73	203	27	user	user	NOUN
afbr-73	203	28	)	)	PUNCT
afbr-73	203	29	the	the	DET
afbr-73	203	30	use	use	NOUN
afbr-73	203	31	of	of	ADP
afbr-73	203	32	an	an	DET
afbr-73	203	33	asset	asset	NOUN
afbr-73	203	34	in	in	ADP
afbr-73	203	35	exchange	exchange	NOUN
afbr-73	203	36	for	for	ADP
afbr-73	203	37	a	a	DET
afbr-73	203	38	promise	promise	NOUN
afbr-73	203	39	by	by	ADP
afbr-73	203	40	the	the	DET
afbr-73	203	41	latter	latter	ADJ
afbr-73	203	42	to	to	PART
afbr-73	203	43	pay	pay	VERB
afbr-73	203	44	a	a	DET
afbr-73	203	45	series	series	NOUN
afbr-73	203	46	of	of	ADP
afbr-73	203	47	lease	lease	NOUN
afbr-73	203	48	payments	payment	NOUN
afbr-73	203	49	called	call	VERB
afbr-73	203	50	rentals	rental	NOUN
afbr-73	203	51	.	.	PUNCT
afbr-73	204	1	the	the	DET
afbr-73	204	2	workings	working	NOUN
afbr-73	204	3	of	of	ADP
afbr-73	204	4	a	a	DET
afbr-73	204	5	typical	typical	ADJ
afbr-73	204	6	lease	lease	NOUN
afbr-73	204	7	arrangement	arrangement	NOUN
afbr-73	204	8	are	be	AUX
afbr-73	204	9	simple	simple	ADJ
afbr-73	204	10	.	.	PUNCT
afbr-73	205	1	first	first	ADV
afbr-73	205	2	,	,	PUNCT
afbr-73	205	3	the	the	DET
afbr-73	205	4	lessee	lessee	NOUN
afbr-73	205	5	selects	select	VERB
afbr-73	205	6	the	the	DET
afbr-73	205	7	equipment	equipment	NOUN
afbr-73	205	8	and	and	CCONJ
afbr-73	205	9	the	the	DET
afbr-73	205	10	dealer	dealer	NOUN
afbr-73	205	11	or	or	CCONJ
afbr-73	205	12	the	the	DET
afbr-73	205	13	manufacturer	manufacturer	NOUN
afbr-73	205	14	from	from	ADP
afbr-73	205	15	whom	whom	PRON
afbr-73	205	16	the	the	DET
afbr-73	205	17	equipment	equipment	NOUN
afbr-73	205	18	will	will	AUX
afbr-73	205	19	be	be	AUX
afbr-73	205	20	purchased	purchase	VERB
afbr-73	205	21	.	.	PUNCT
afbr-73	206	1	the	the	DET
afbr-73	206	2	lessee	lessee	NOUN
afbr-73	206	3	negotiates	negotiate	VERB
afbr-73	206	4	such	such	ADJ
afbr-73	206	5	aspect	aspect	NOUN
afbr-73	206	6	of	of	ADP
afbr-73	206	7	the	the	DET
afbr-73	206	8	transaction	transaction	NOUN
afbr-73	206	9	as	as	ADP
afbr-73	206	10	the	the	DET
afbr-73	206	11	price	price	NOUN
afbr-73	206	12	,	,	PUNCT
afbr-73	206	13	specifications	specification	NOUN
afbr-73	206	14	,	,	PUNCT
afbr-73	206	15	warranties	warranty	NOUN
afbr-73	206	16	,	,	PUNCT
afbr-73	206	17	and	and	CCONJ
afbr-73	206	18	delivery	delivery	NOUN
afbr-73	206	19	date	date	NOUN
afbr-73	206	20	.	.	PUNCT
afbr-73	207	1	he	he	PRON
afbr-73	207	2	approaches	approach	VERB
afbr-73	207	3	the	the	DET
afbr-73	207	4	lessor	lessor	NOUN
afbr-73	207	5	,	,	PUNCT
afbr-73	207	6	who	who	PRON
afbr-73	207	7	in	in	ADP
afbr-73	207	8	most	most	ADJ
afbr-73	207	9	cases	case	NOUN
afbr-73	207	10	is	be	AUX
afbr-73	207	11	a	a	DET
afbr-73	207	12	bank	bank	NOUN
afbr-73	207	13	or	or	CCONJ
afbr-73	207	14	other	other	ADJ
afbr-73	207	15	financial	financial	ADJ
afbr-73	207	16	institution	institution	NOUN
afbr-73	207	17	,	,	PUNCT
afbr-73	207	18	which	which	PRON
afbr-73	207	19	buys	buy	VERB
afbr-73	207	20	the	the	DET
afbr-73	207	21	equipment	equipment	NOUN
afbr-73	207	22	from	from	ADP
afbr-73	207	23	the	the	DET
afbr-73	207	24	dealer	dealer	NOUN
afbr-73	207	25	or	or	CCONJ
afbr-73	207	26	manufacturer	manufacturer	NOUN
afbr-73	207	27	and	and	CCONJ
afbr-73	207	28	leases	lease	VERB
afbr-73	207	29	it	it	PRON
afbr-73	207	30	to	to	ADP
afbr-73	207	31	the	the	DET
afbr-73	207	32	lessee	lessee	NOUN
afbr-73	207	33	for	for	ADP
afbr-73	207	34	terms	term	NOUN
afbr-73	207	35	ranging	range	VERB
afbr-73	207	36	from	from	ADP
afbr-73	207	37	two	two	NUM
afbr-73	207	38	to	to	PART
afbr-73	207	39	ten	ten	NUM
afbr-73	207	40	years	year	NOUN
afbr-73	207	41	or	or	CCONJ
afbr-73	207	42	longer	long	ADV
afbr-73	207	43	,	,	PUNCT
afbr-73	207	44	depending	depend	VERB
afbr-73	207	45	on	on	ADP
afbr-73	207	46	the	the	DET
afbr-73	207	47	nature	nature	NOUN
afbr-73	207	48	of	of	ADP
afbr-73	207	49	the	the	DET
afbr-73	207	50	equipment	equipment	NOUN
afbr-73	207	51	.	.	PUNCT
afbr-73	208	1	the	the	DET
afbr-73	208	2	appropriate	appropriate	ADJ
afbr-73	208	3	discount	discount	NOUN
afbr-73	208	4	factor	factor	NOUN
afbr-73	208	5	would	would	AUX
afbr-73	208	6	be	be	AUX
afbr-73	208	7	the	the	DET
afbr-73	208	8	lessor	lessor	NOUN
afbr-73	208	9	’s	’s	PART
afbr-73	208	10	weighted	weight	VERB
afbr-73	208	11	cost	cost	NOUN
afbr-73	208	12	of	of	ADP
afbr-73	208	13	capital	capital	NOUN
afbr-73	208	14	,	,	PUNCT
afbr-73	208	15	which	which	PRON
afbr-73	208	16	is	be	AUX
afbr-73	208	17	equal	equal	ADJ
afbr-73	208	18	to	to	ADP
afbr-73	208	19	the	the	DET
afbr-73	208	20	applicable	applicable	ADJ
afbr-73	208	21	rate	rate	NOUN
afbr-73	208	22	on	on	ADP
afbr-73	208	23	debt	debt	NOUN
afbr-73	208	24	instruments	instrument	NOUN
afbr-73	208	25	in	in	ADP
afbr-73	208	26	the	the	DET
afbr-73	208	27	same	same	ADJ
afbr-73	208	28	risk	risk	NOUN
afbr-73	208	29	class	class	NOUN
afbr-73	208	30	(	(	PUNCT
afbr-73	208	31	ezirim	ezirim	NOUN
afbr-73	208	32	,	,	PUNCT
afbr-73	208	33	2005	2005	NUM
afbr-73	208	34	)	)	PUNCT
afbr-73	208	35	.	.	PUNCT
afbr-73	209	1	thus	thus	ADV
afbr-73	209	2	,	,	PUNCT
afbr-73	209	3	the	the	DET
afbr-73	209	4	equilibrium	equilibrium	NOUN
afbr-73	209	5	lease	lease	NOUN
afbr-73	209	6	-	-	PUNCT
afbr-73	209	7	rental	rental	NOUN
afbr-73	209	8	payment	payment	NOUN
afbr-73	209	9	(	(	PUNCT
afbr-73	209	10	lrp	lrp	PROPN
afbr-73	209	11	)	)	PUNCT
afbr-73	209	12	is	be	AUX
afbr-73	209	13	given	give	VERB
afbr-73	209	14	by	by	ADP
afbr-73	209	15	:	:	PUNCT
afbr-73	209	16	npv	npv	NOUN
afbr-73	209	17	lessor	lessor	NOUN
afbr-73	209	18	=	=	SYM
afbr-73	209	19	co	co	NOUN
afbr-73	209	20	+	+	PROPN
afbr-73	209	21			X
afbr-73	209	22			NUM
afbr-73	209	23			ADV
afbr-73	209	24	n	n	PROPN
afbr-73	209	25	t	t	PROPN
afbr-73	209	26	tt	tt	PROPN
afbr-73	209	27	k	k	PROPN
afbr-73	209	28	tdeptl	tdeptl	PROPN
afbr-73	209	29	1	1	NUM
afbr-73	209	30	)	)	SYM
afbr-73	209	31	1	1	NUM
afbr-73	209	32	(	(	PUNCT
afbr-73	209	33	)	)	PUNCT
afbr-73	209	34	1	1	NUM
afbr-73	209	35	(	(	PUNCT
afbr-73	209	36	(	(	PUNCT
afbr-73	209	37	38	38	NUM
afbr-73	209	38	)	)	PUNCT
afbr-73	209	39	where	where	SCONJ
afbr-73	209	40	:	:	PUNCT
afbr-73	209	41	c	c	X
afbr-73	209	42	=	=	PUNCT
afbr-73	209	43	cost	cost	NOUN
afbr-73	209	44	of	of	ADP
afbr-73	209	45	the	the	DET
afbr-73	209	46	asset	asset	NOUN
afbr-73	209	47	n	n	NOUN
afbr-73	209	48	=	=	PUNCT
afbr-73	209	49	economic	economic	ADJ
afbr-73	209	50	and	and	CCONJ
afbr-73	209	51	tax	tax	NOUN
afbr-73	209	52	depreciation	depreciation	NOUN
afbr-73	209	53	life	life	NOUN
afbr-73	209	54	of	of	ADP
afbr-73	209	55	asset	asset	NOUN
afbr-73	209	56	k	k	PROPN
afbr-73	209	57	=	=	PUNCT
afbr-73	209	58	lessor	lessor	NOUN
afbr-73	209	59	’s	’s	PART
afbr-73	209	60	cost	cost	NOUN
afbr-73	209	61	of	of	ADP
afbr-73	209	62	capital	capital	NOUN
afbr-73	209	63	from	from	ADP
afbr-73	209	64	the	the	DET
afbr-73	209	65	perspective	perspective	NOUN
afbr-73	209	66	of	of	ADP
afbr-73	209	67	the	the	DET
afbr-73	209	68	lessee	lessee	NOUN
afbr-73	209	69	the	the	DET
afbr-73	209	70	lessee	lessee	NOUN
afbr-73	209	71	can	can	AUX
afbr-73	209	72	make	make	VERB
afbr-73	209	73	use	use	NOUN
afbr-73	209	74	of	of	ADP
afbr-73	209	75	the	the	DET
afbr-73	209	76	leased	lease	VERB
afbr-73	209	77	asset	asset	NOUN
afbr-73	209	78	through	through	ADP
afbr-73	209	79	leasing	leasing	NOUN
afbr-73	209	80	or	or	CCONJ
afbr-73	209	81	debt	debt	NOUN
afbr-73	209	82	financing	financing	NOUN
afbr-73	209	83	as	as	SCONJ
afbr-73	209	84	earlier	early	ADV
afbr-73	209	85	stated	state	VERB
afbr-73	209	86	.	.	PUNCT
afbr-73	210	1	this	this	PRON
afbr-73	210	2	of	of	ADP
afbr-73	210	3	course	course	NOUN
afbr-73	210	4	implies	imply	VERB
afbr-73	210	5	a	a	DET
afbr-73	210	6	simplistic	simplistic	ADJ
afbr-73	210	7	assumption	assumption	NOUN
afbr-73	210	8	that	that	SCONJ
afbr-73	210	9	the	the	DET
afbr-73	210	10	two	two	NUM
afbr-73	210	11	options	option	NOUN
afbr-73	210	12	are	be	AUX
afbr-73	210	13	perfect	perfect	ADJ
afbr-73	210	14	substitutes	substitute	NOUN
afbr-73	210	15	(	(	PUNCT
afbr-73	210	16	ezirim	ezirim	NOUN
afbr-73	210	17	,	,	PUNCT
afbr-73	210	18	2005	2005	NUM
afbr-73	210	19	)	)	PUNCT
afbr-73	210	20	.	.	PUNCT
afbr-73	211	1	invariable	invariable	ADJ
afbr-73	211	2	for	for	ADP
afbr-73	211	3	a	a	DET
afbr-73	211	4	given	give	VERB
afbr-73	211	5	amount	amount	NOUN
afbr-73	211	6	of	of	ADP
afbr-73	211	7	extra	extra	ADJ
afbr-73	211	8	tax	tax	NOUN
afbr-73	211	9	shield	shield	NOUN
afbr-73	211	10	offered	offer	VERB
afbr-73	211	11	by	by	ADP
afbr-73	211	12	lease	lease	NOUN
afbr-73	211	13	,	,	PUNCT
afbr-73	211	14	there	there	PRON
afbr-73	211	15	is	be	VERB
afbr-73	211	16	a	a	DET
afbr-73	211	17	proportionate	proportionate	ADJ
afbr-73	211	18	or	or	CCONJ
afbr-73	211	19	equal	equal	ADJ
afbr-73	211	20	amount	amount	NOUN
afbr-73	211	21	reduced	reduce	VERB
afbr-73	211	22	in	in	ADP
afbr-73	211	23	the	the	DET
afbr-73	211	24	debt	debt	NOUN
afbr-73	211	25	tax	tax	NOUN
afbr-73	211	26	shield	shield	NOUN
afbr-73	211	27	.	.	PUNCT
afbr-73	212	1	the	the	DET
afbr-73	212	2	net	net	ADJ
afbr-73	212	3	present	present	ADJ
afbr-73	212	4	value	value	NOUN
afbr-73	212	5	of	of	ADP
afbr-73	212	6	the	the	DET
afbr-73	212	7	lease	lease	NOUN
afbr-73	212	8	is	be	AUX
afbr-73	212	9	given	give	VERB
afbr-73	212	10	by	by	ADP
afbr-73	212	11	:	:	PUNCT
afbr-73	212	12	npvl	npvl	NOUN
afbr-73	212	13	=	=	SYM
afbr-73	212	14	co	co	X
afbr-73	212	15	–	–	PUNCT
afbr-73	212	16	pv	pv	PUNCT
afbr-73	213	1	[	[	PUNCT
afbr-73	213	2	lt(1	lt(1	PROPN
afbr-73	213	3	-	-	PUNCT
afbr-73	213	4	t	t	NOUN
afbr-73	213	5	)	)	PUNCT
afbr-73	213	6	]	]	PUNCT
afbr-73	213	7	–	–	PUNCT
afbr-73	213	8	pv	pv	X
afbr-73	213	9	(	(	PUNCT
afbr-73	213	10	tdept	tdept	NOUN
afbr-73	213	11	)	)	PUNCT
afbr-73	213	12	]	]	PUNCT
afbr-73	214	1	the	the	DET
afbr-73	214	2	relevant	relevant	ADJ
afbr-73	214	3	discount	discount	NOUN
afbr-73	214	4	rate	rate	NOUN
afbr-73	214	5	is	be	AUX
afbr-73	214	6	the	the	DET
afbr-73	214	7	after	after	ADP
afbr-73	214	8	-	-	PUNCT
afbr-73	214	9	tax	tax	NOUN
afbr-73	214	10	cost	cost	NOUN
afbr-73	214	11	of	of	ADP
afbr-73	214	12	debt	debt	NOUN
afbr-73	214	13	,	,	PUNCT
afbr-73	214	14	since	since	SCONJ
afbr-73	214	15	both	both	DET
afbr-73	214	16	lease	lease	NOUN
afbr-73	214	17	payments	payment	NOUN
afbr-73	214	18	and	and	CCONJ
afbr-73	214	19	the	the	DET
afbr-73	214	20	foregone	foregone	NOUN
afbr-73	214	21	depreciation	depreciation	NOUN
afbr-73	214	22	tax	tax	NOUN
afbr-73	214	23	shields	shield	NOUN
afbr-73	214	24	are	be	AUX
afbr-73	214	25	risk	risk	NOUN
afbr-73	214	26	-	-	PUNCT
afbr-73	214	27	free	free	ADJ
afbr-73	214	28	and	and	CCONJ
afbr-73	214	29	tax	tax	NOUN
afbr-73	214	30	deductible	deductible	ADJ
afbr-73	214	31	(	(	PUNCT
afbr-73	214	32	ezirim	ezirim	NOUN
afbr-73	214	33	,	,	PUNCT
afbr-73	214	34	2005	2005	NUM
afbr-73	214	35	)	)	PUNCT
afbr-73	214	36	.	.	PUNCT
afbr-73	215	1	this	this	PRON
afbr-73	215	2	guarantees	guarantee	VERB
afbr-73	215	3	the	the	DET
afbr-73	215	4	cost	cost	NOUN
afbr-73	215	5	of	of	ADP
afbr-73	215	6	debt	debt	NOUN
afbr-73	215	7	to	to	PART
afbr-73	215	8	be	be	AUX
afbr-73	215	9	equal	equal	ADJ
afbr-73	215	10	to	to	ADP
afbr-73	215	11	the	the	DET
afbr-73	215	12	cost	cost	NOUN
afbr-73	215	13	implicit	implicit	NOUN
afbr-73	215	14	in	in	ADP
afbr-73	215	15	the	the	DET
afbr-73	215	16	leasing	leasing	NOUN
afbr-73	215	17	arrangement	arrangement	NOUN
afbr-73	215	18	.	.	PUNCT
afbr-73	216	1	npv	npv	NOUN
afbr-73	216	2	lesser	less	ADJ
afbr-73	216	3	=	=	SYM
afbr-73	216	4	0	0	PUNCT
afbr-73	216	5	=	=	SYM
afbr-73	216	6	c	c	PROPN
afbr-73	216	7	+	+	CCONJ
afbr-73	216	8			X
afbr-73	216	9			NUM
afbr-73	216	10			PUNCT
afbr-73	216	11			VERB
afbr-73	216	12			PUNCT
afbr-73	216	13			PROPN
afbr-73	216	14	n	n	ADP
afbr-73	216	15	t	t	PROPN
afbr-73	216	16	t	t	PROPN
afbr-73	216	17	t	t	PROPN
afbr-73	216	18	n	n	ADP
afbr-73	216	19	t	t	PROPN
afbr-73	216	20	t	t	PROPN
afbr-73	216	21	t	t	PROPN
afbr-73	216	22	k	k	PROPN
afbr-73	216	23	dept	dept	PROPN
afbr-73	216	24	k	k	PROPN
afbr-73	216	25	tl	tl	PROPN
afbr-73	216	26	11	11	NUM
afbr-73	216	27	)	)	PUNCT
afbr-73	216	28	1	1	NUM
afbr-73	216	29	(	(	PUNCT
afbr-73	216	30	)	)	PUNCT
afbr-73	216	31	(	(	PUNCT
afbr-73	216	32	)	)	PUNCT
afbr-73	216	33	1	1	NUM
afbr-73	216	34	(	(	PUNCT
afbr-73	216	35	)	)	PUNCT
afbr-73	216	36	1	1	NUM
afbr-73	216	37	(	(	PUNCT
afbr-73	216	38	(	(	PUNCT
afbr-73	216	39	39	39	NUM
afbr-73	216	40	)	)	PUNCT
afbr-73	216	41	applying	apply	VERB
afbr-73	216	42	the	the	DET
afbr-73	216	43	annuity	annuity	NOUN
afbr-73	216	44	principle	principle	NOUN
afbr-73	216	45	as	as	ADP
afbr-73	216	46	in	in	ADP
afbr-73	216	47	chapter	chapter	NOUN
afbr-73	216	48	6	6	NUM
afbr-73	216	49	,	,	PUNCT
afbr-73	216	50	we	we	PRON
afbr-73	216	51	have	have	VERB
afbr-73	216	52	:	:	PUNCT
afbr-73	216	53	npv	npv	NOUN
afbr-73	216	54	lessor	lessor	NOUN
afbr-73	216	55	=	=	NOUN
afbr-73	216	56	0	0	PUNCT
afbr-73	216	57	–	–	PUNCT
afbr-73	216	58	c	c	NOUN
afbr-73	217	1	+	+	CCONJ
afbr-73	217	2	lt	lt	PRON
afbr-73	217	3	(	(	PUNCT
afbr-73	217	4	1	1	NUM
afbr-73	217	5	-	-	PUNCT
afbr-73	217	6	t	t	NOUN
afbr-73	217	7	)	)	PUNCT
afbr-73	217	8	(	(	PUNCT
afbr-73	217	9	pvifa	pvifa	NOUN
afbr-73	217	10	;	;	PUNCT
afbr-73	217	11	k	k	X
afbr-73	217	12	,	,	PUNCT
afbr-73	217	13	n	n	CCONJ
afbr-73	217	14	)	)	PUNCT
afbr-73	218	1	+	+	CCONJ
afbr-73	218	2	dtst	dtst	NOUN
afbr-73	218	3	(	(	PUNCT
afbr-73	218	4	pvifa	pvifa	PROPN
afbr-73	218	5	,	,	PUNCT
afbr-73	218	6	k	k	NOUN
afbr-73	218	7	,	,	PUNCT
afbr-73	218	8	n	n	CCONJ
afbr-73	218	9	)	)	PUNCT
afbr-73	218	10	(	(	PUNCT
afbr-73	218	11	40	40	NUM
afbr-73	218	12	)	)	PUNCT
afbr-73	218	13	cost	cost	NOUN
afbr-73	218	14	of	of	ADP
afbr-73	218	15	leasing	leasing	NOUN
afbr-73	218	16	=	=	PUNCT
afbr-73	218	17			X
afbr-73	218	18			NUM
afbr-73	218	19			PROPN
afbr-73	218	20			PROPN
afbr-73	218	21			NOUN
afbr-73	218	22	9	9	NUM
afbr-73	218	23	1	1	NUM
afbr-73	218	24	]	]	PUNCT
afbr-73	218	25	)	)	PUNCT
afbr-73	218	26	1(1	1(1	NUM
afbr-73	218	27	[	[	PUNCT
afbr-73	218	28	)	)	PUNCT
afbr-73	218	29	1	1	NUM
afbr-73	218	30	(	(	PUNCT
afbr-73	218	31	t	t	PROPN
afbr-73	218	32	b	b	PROPN
afbr-73	218	33	t	t	X
afbr-73	218	34	kt	kt	X
afbr-73	218	35	tl	tl	PROPN
afbr-73	218	36	(	(	PUNCT
afbr-73	218	37	41	41	NUM
afbr-73	218	38	)	)	PUNCT
afbr-73	218	39	sources	source	NOUN
afbr-73	218	40	and	and	CCONJ
afbr-73	218	41	cost	cost	NOUN
afbr-73	218	42	of	of	ADP
afbr-73	218	43	long	long	ADJ
afbr-73	218	44	term	term	NOUN
afbr-73	218	45	funds	fund	NOUN
afbr-73	218	46	the	the	DET
afbr-73	218	47	permanent	permanent	ADJ
afbr-73	218	48	long	long	ADJ
afbr-73	218	49	-	-	PUNCT
afbr-73	218	50	term	term	NOUN
afbr-73	218	51	funds	fund	NOUN
afbr-73	218	52	available	available	ADJ
afbr-73	218	53	to	to	ADP
afbr-73	218	54	the	the	DET
afbr-73	218	55	firm	firm	NOUN
afbr-73	218	56	constitute	constitute	VERB
afbr-73	218	57	the	the	DET
afbr-73	218	58	main	main	ADJ
afbr-73	218	59	components	component	NOUN
afbr-73	218	60	of	of	ADP
afbr-73	218	61	its	its	PRON
afbr-73	218	62	capital	capital	NOUN
afbr-73	218	63	structure	structure	NOUN
afbr-73	218	64	.	.	PUNCT
afbr-73	219	1	put	put	VERB
afbr-73	219	2	together	together	ADV
afbr-73	219	3	,	,	PUNCT
afbr-73	219	4	they	they	PRON
afbr-73	219	5	represent	represent	VERB
afbr-73	219	6	the	the	DET
afbr-73	219	7	firm	firm	NOUN
afbr-73	219	8	’s	’s	PART
afbr-73	219	9	capital	capital	NOUN
afbr-73	219	10	.	.	PUNCT
afbr-73	220	1	on	on	ADP
afbr-73	220	2	the	the	DET
afbr-73	220	3	part	part	NOUN
afbr-73	220	4	of	of	ADP
afbr-73	220	5	individual	individual	ADJ
afbr-73	220	6	households	household	NOUN
afbr-73	220	7	,	,	PUNCT
afbr-73	220	8	they	they	PRON
afbr-73	220	9	are	be	AUX
afbr-73	220	10	veritable	veritable	ADJ
afbr-73	220	11	source	source	NOUN
afbr-73	220	12	of	of	ADP
afbr-73	220	13	investments	investment	NOUN
afbr-73	220	14	.	.	PUNCT
afbr-73	221	1	the	the	DET
afbr-73	221	2	cost	cost	NOUN
afbr-73	221	3	of	of	ADP
afbr-73	221	4	capital	capital	NOUN
afbr-73	221	5	for	for	ADP
afbr-73	221	6	a	a	DET
afbr-73	221	7	firm	firm	NOUN
afbr-73	221	8	is	be	AUX
afbr-73	221	9	the	the	DET
afbr-73	221	10	charge	charge	NOUN
afbr-73	221	11	for	for	ADP
afbr-73	221	12	the	the	DET
afbr-73	221	13	use	use	NOUN
afbr-73	221	14	of	of	ADP
afbr-73	221	15	funds	fund	NOUN
afbr-73	221	16	from	from	ADP
afbr-73	221	17	various	various	ADJ
afbr-73	221	18	sources	source	NOUN
afbr-73	221	19	.	.	PUNCT
afbr-73	222	1	it	it	PRON
afbr-73	222	2	represents	represent	VERB
afbr-73	222	3	the	the	DET
afbr-73	222	4	hurdle	hurdle	NOUN
afbr-73	222	5	or	or	CCONJ
afbr-73	222	6	cut	cut	VERB
afbr-73	222	7	off	off	ADP
afbr-73	222	8	rate	rate	NOUN
afbr-73	222	9	above	above	ADP
afbr-73	222	10	which	which	PRON
afbr-73	222	11	investment	investment	NOUN
afbr-73	222	12	activities	activity	NOUN
afbr-73	222	13	of	of	ADP
afbr-73	222	14	financial	financial	ADJ
afbr-73	222	15	agents	agent	NOUN
afbr-73	222	16	must	must	AUX
afbr-73	222	17	show	show	VERB
afbr-73	222	18	a	a	DET
afbr-73	222	19	return	return	NOUN
afbr-73	222	20	in	in	ADP
afbr-73	222	21	order	order	NOUN
afbr-73	222	22	to	to	PART
afbr-73	222	23	cost	cost	VERB
afbr-73	222	24	of	of	ADP
afbr-73	222	25	capital	capital	NOUN
afbr-73	222	26	and	and	CCONJ
afbr-73	222	27	corporate	corporate	ADJ
afbr-73	222	28	earning	earning	NOUN
afbr-73	222	29	of	of	ADP
afbr-73	222	30	nigeria	nigeria	PROPN
afbr-73	222	31	quoted	quote	VERB
afbr-73	222	32	firms	firm	NOUN
afbr-73	222	33	:	:	PUNCT
afbr-73	222	34	a	a	DET
afbr-73	222	35	multi	multi	ADJ
afbr-73	222	36	-	-	ADJ
afbr-73	222	37	dimensional	dimensional	ADJ
afbr-73	222	38	analysis	analysis	NOUN
afbr-73	222	39	of	of	ADP
afbr-73	222	40	quoted	quote	VERB
afbr-73	222	41	firms	firm	NOUN
afbr-73	222	42	in	in	ADP
afbr-73	222	43	nigeria	nigeria	PROPN
afbr-73	222	44	lucky	lucky	ADJ
afbr-73	222	45	anyike	anyike	ADP
afbr-73	222	46	lucky	lucky	ADJ
afbr-73	222	47	53	53	NUM
afbr-73	222	48	lend	lend	NOUN
afbr-73	222	49	justification	justification	NOUN
afbr-73	222	50	for	for	ADP
afbr-73	222	51	their	their	PRON
afbr-73	222	52	being	be	AUX
afbr-73	222	53	carried	carry	VERB
afbr-73	222	54	out	out	ADP
afbr-73	222	55	.	.	PUNCT
afbr-73	223	1	what	what	PRON
afbr-73	223	2	the	the	DET
afbr-73	223	3	efficient	efficient	ADJ
afbr-73	223	4	financial	financial	ADJ
afbr-73	223	5	manager	manager	NOUN
afbr-73	223	6	does	do	AUX
afbr-73	223	7	is	be	AUX
afbr-73	223	8	to	to	PART
afbr-73	223	9	ensure	ensure	VERB
afbr-73	223	10	that	that	SCONJ
afbr-73	223	11	this	this	DET
afbr-73	223	12	cost	cost	NOUN
afbr-73	223	13	is	be	AUX
afbr-73	223	14	reduced	reduce	VERB
afbr-73	223	15	to	to	ADP
afbr-73	223	16	the	the	DET
afbr-73	223	17	barest	bare	ADJ
afbr-73	223	18	possible	possible	ADJ
afbr-73	223	19	minimum	minimum	NOUN
afbr-73	223	20	so	so	SCONJ
afbr-73	223	21	as	as	SCONJ
afbr-73	223	22	to	to	PART
afbr-73	223	23	help	help	VERB
afbr-73	223	24	maximize	maximize	VERB
afbr-73	223	25	the	the	DET
afbr-73	223	26	owners	owner	NOUN
afbr-73	223	27	’	'	PUNCT
afbr-73	223	28	wealth	wealth	NOUN
afbr-73	223	29	.	.	PUNCT
afbr-73	224	1	the	the	DET
afbr-73	224	2	cost	cost	NOUN
afbr-73	224	3	of	of	ADP
afbr-73	224	4	capital	capital	NOUN
afbr-73	224	5	of	of	ADP
afbr-73	224	6	a	a	DET
afbr-73	224	7	typical	typical	ADJ
afbr-73	224	8	business	business	NOUN
afbr-73	224	9	firm	firm	NOUN
afbr-73	224	10	can	can	AUX
afbr-73	224	11	be	be	AUX
afbr-73	224	12	classified	classify	VERB
afbr-73	224	13	into	into	ADP
afbr-73	224	14	average	average	ADJ
afbr-73	224	15	cost	cost	NOUN
afbr-73	224	16	of	of	ADP
afbr-73	224	17	capital	capital	NOUN
afbr-73	224	18	and	and	CCONJ
afbr-73	224	19	marginal	marginal	ADJ
afbr-73	224	20	cost	cost	NOUN
afbr-73	224	21	of	of	ADP
afbr-73	224	22	capital	capital	NOUN
afbr-73	224	23	.	.	PUNCT
afbr-73	225	1	debentures	debenture	NOUN
afbr-73	225	2	and	and	CCONJ
afbr-73	225	3	bonds	bond	NOUN
afbr-73	225	4	long	long	ADJ
afbr-73	225	5	term	term	NOUN
afbr-73	225	6	straight	straight	ADJ
afbr-73	225	7	debt	debt	NOUN
afbr-73	225	8	capital	capital	NOUN
afbr-73	225	9	of	of	ADP
afbr-73	225	10	business	business	NOUN
afbr-73	225	11	firms	firm	NOUN
afbr-73	225	12	is	be	AUX
afbr-73	225	13	basically	basically	ADV
afbr-73	225	14	defined	define	VERB
afbr-73	225	15	in	in	ADP
afbr-73	225	16	terms	term	NOUN
afbr-73	225	17	of	of	ADP
afbr-73	225	18	debentures	debenture	NOUN
afbr-73	225	19	and	and	CCONJ
afbr-73	225	20	bonds	bond	NOUN
afbr-73	225	21	.	.	PUNCT
afbr-73	226	1	a	a	DET
afbr-73	226	2	debenture	debenture	NOUN
afbr-73	226	3	has	have	AUX
afbr-73	226	4	been	be	AUX
afbr-73	226	5	described	describe	VERB
afbr-73	226	6	as	as	ADP
afbr-73	226	7	a	a	DET
afbr-73	226	8	multiple	multiple	ADJ
afbr-73	226	9	loan	loan	NOUN
afbr-73	226	10	of	of	ADP
afbr-73	226	11	a	a	DET
afbr-73	226	12	company	company	NOUN
afbr-73	226	13	since	since	SCONJ
afbr-73	226	14	it	it	PRON
afbr-73	226	15	is	be	AUX
afbr-73	226	16	contributed	contribute	VERB
afbr-73	226	17	by	by	ADP
afbr-73	226	18	large	large	ADJ
afbr-73	226	19	numbers	number	NOUN
afbr-73	226	20	of	of	ADP
afbr-73	226	21	people	people	NOUN
afbr-73	226	22	and	and	CCONJ
afbr-73	226	23	not	not	PART
afbr-73	226	24	by	by	ADP
afbr-73	226	25	one	one	NUM
afbr-73	226	26	person	person	NOUN
afbr-73	226	27	.	.	PUNCT
afbr-73	227	1	the	the	DET
afbr-73	227	2	holders	holder	NOUN
afbr-73	227	3	of	of	ADP
afbr-73	227	4	debenture	debenture	NOUN
afbr-73	227	5	do	do	AUX
afbr-73	227	6	not	not	PART
afbr-73	227	7	have	have	VERB
afbr-73	227	8	claims	claim	NOUN
afbr-73	227	9	on	on	ADP
afbr-73	227	10	specific	specific	ADJ
afbr-73	227	11	assets	asset	NOUN
afbr-73	227	12	of	of	ADP
afbr-73	227	13	the	the	DET
afbr-73	227	14	company	company	NOUN
afbr-73	227	15	(	(	PUNCT
afbr-73	227	16	in	in	ADP
afbr-73	227	17	most	most	ADJ
afbr-73	227	18	cases	case	NOUN
afbr-73	227	19	)	)	PUNCT
afbr-73	227	20	but	but	CCONJ
afbr-73	227	21	on	on	ADP
afbr-73	227	22	the	the	DET
afbr-73	227	23	general	general	ADJ
afbr-73	227	24	credit	credit	NOUN
afbr-73	227	25	-	-	PUNCT
afbr-73	227	26	worthiness	worthiness	NOUN
afbr-73	227	27	of	of	ADP
afbr-73	227	28	the	the	DET
afbr-73	227	29	issuer	issuer	NOUN
afbr-73	227	30	.	.	PUNCT
afbr-73	228	1	being	be	AUX
afbr-73	228	2	defined	define	VERB
afbr-73	228	3	as	as	ADP
afbr-73	228	4	above	above	ADV
afbr-73	228	5	,	,	PUNCT
afbr-73	228	6	a	a	DET
afbr-73	228	7	debenture	debenture	NOUN
afbr-73	228	8	becomes	become	VERB
afbr-73	228	9	an	an	DET
afbr-73	228	10	unsecured	unsecured	ADJ
afbr-73	228	11	bond	bond	NOUN
afbr-73	228	12	,	,	PUNCT
afbr-73	228	13	otherwise	otherwise	ADV
afbr-73	228	14	called	call	VERB
afbr-73	228	15	a	a	DET
afbr-73	228	16	debenture	debenture	NOUN
afbr-73	228	17	bond	bond	NOUN
afbr-73	228	18	.	.	PUNCT
afbr-73	229	1	in	in	ADP
afbr-73	229	2	contrast	contrast	NOUN
afbr-73	229	3	a	a	DET
afbr-73	229	4	secured	secure	VERB
afbr-73	229	5	bond	bond	NOUN
afbr-73	229	6	or	or	CCONJ
afbr-73	229	7	a	a	DET
afbr-73	229	8	mortgage	mortgage	NOUN
afbr-73	229	9	bond	bond	NOUN
afbr-73	229	10	is	be	AUX
afbr-73	229	11	one	one	NUM
afbr-73	229	12	,	,	PUNCT
afbr-73	229	13	which	which	PRON
afbr-73	229	14	possesses	possess	VERB
afbr-73	229	15	right	right	ADV
afbr-73	229	16	of	of	ADP
afbr-73	229	17	claims	claim	NOUN
afbr-73	229	18	on	on	ADP
afbr-73	229	19	specific	specific	ADJ
afbr-73	229	20	assets	asset	NOUN
afbr-73	229	21	of	of	ADP
afbr-73	229	22	the	the	DET
afbr-73	229	23	issuer	issuer	NOUN
afbr-73	229	24	to	to	ADP
afbr-73	229	25	real	real	ADJ
afbr-73	229	26	estate	estate	NOUN
afbr-73	229	27	mentioned	mention	VERB
afbr-73	229	28	in	in	ADP
afbr-73	229	29	the	the	DET
afbr-73	229	30	case	case	NOUN
afbr-73	229	31	of	of	ADP
afbr-73	229	32	mortgage	mortgage	NOUN
afbr-73	229	33	bonds	bond	NOUN
afbr-73	229	34	(	(	PUNCT
afbr-73	229	35	ezirim	ezirim	NOUN
afbr-73	229	36	,	,	PUNCT
afbr-73	229	37	2005	2005	NUM
afbr-73	229	38	)	)	PUNCT
afbr-73	229	39	.	.	PUNCT
afbr-73	230	1	cost	cost	NOUN
afbr-73	230	2	of	of	ADP
afbr-73	230	3	debt	debt	NOUN
afbr-73	230	4	debt	debt	NOUN
afbr-73	230	5	is	be	AUX
afbr-73	230	6	used	use	VERB
afbr-73	230	7	to	to	PART
afbr-73	230	8	represent	represent	VERB
afbr-73	230	9	a	a	DET
afbr-73	230	10	bond	bond	NOUN
afbr-73	230	11	,	,	PUNCT
afbr-73	230	12	debenture	debenture	NOUN
afbr-73	230	13	or	or	CCONJ
afbr-73	230	14	loan	loan	NOUN
afbr-73	230	15	stock	stock	NOUN
afbr-73	230	16	.	.	PUNCT
afbr-73	231	1	the	the	DET
afbr-73	231	2	cost	cost	NOUN
afbr-73	231	3	of	of	ADP
afbr-73	231	4	debt	debt	NOUN
afbr-73	231	5	(	(	PUNCT
afbr-73	231	6	kd	kd	PROPN
afbr-73	231	7	)	)	PUNCT
afbr-73	231	8	is	be	AUX
afbr-73	231	9	the	the	DET
afbr-73	231	10	rate	rate	NOUN
afbr-73	231	11	of	of	ADP
afbr-73	231	12	interest	interest	NOUN
afbr-73	231	13	specified	specify	VERB
afbr-73	231	14	at	at	ADP
afbr-73	231	15	the	the	DET
afbr-73	231	16	time	time	NOUN
afbr-73	231	17	of	of	ADP
afbr-73	231	18	the	the	DET
afbr-73	231	19	bond	bond	NOUN
afbr-73	231	20	issue	issue	NOUN
afbr-73	231	21	.	.	PUNCT
afbr-73	232	1	the	the	DET
afbr-73	232	2	before	before	ADP
afbr-73	232	3	tax	tax	NOUN
afbr-73	232	4	cost	cost	NOUN
afbr-73	232	5	of	of	ADP
afbr-73	232	6	a	a	DET
afbr-73	232	7	bond	bond	NOUN
afbr-73	232	8	issued	issue	VERB
afbr-73	232	9	at	at	ADP
afbr-73	232	10	face	face	NOUN
afbr-73	232	11	value	value	NOUN
afbr-73	232	12	and	and	CCONJ
afbr-73	232	13	redeemable	redeemable	NOUN
afbr-73	232	14	after	after	ADP
afbr-73	232	15	a	a	DET
afbr-73	232	16	designated	designate	VERB
afbr-73	232	17	future	future	ADJ
afbr-73	232	18	date	date	NOUN
afbr-73	232	19	,	,	PUNCT
afbr-73	232	20	is	be	AUX
afbr-73	232	21	the	the	DET
afbr-73	232	22	coupon	coupon	NOUN
afbr-73	232	23	or	or	CCONJ
afbr-73	232	24	nominal	nominal	ADJ
afbr-73	232	25	rate	rate	NOUN
afbr-73	232	26	of	of	ADP
afbr-73	232	27	interest	interest	NOUN
afbr-73	232	28	(	(	PUNCT
afbr-73	232	29	ezirim	ezirim	NOUN
afbr-73	232	30	,	,	PUNCT
afbr-73	232	31	2005	2005	NUM
afbr-73	232	32	)	)	PUNCT
afbr-73	232	33	.	.	PUNCT
afbr-73	233	1	thus	thus	ADV
afbr-73	233	2	,	,	PUNCT
afbr-73	233	3	if	if	SCONJ
afbr-73	233	4	a	a	DET
afbr-73	233	5	debt	debt	NOUN
afbr-73	233	6	is	be	AUX
afbr-73	233	7	issued	issue	VERB
afbr-73	233	8	at	at	ADP
afbr-73	233	9	par	par	NOUN
afbr-73	233	10	value	value	NOUN
afbr-73	233	11	p	p	PROPN
afbr-73	234	1	i	i	PRON
afbr-73	234	2	kd	kd	PROPN
afbr-73	234	3			PRON
afbr-73	234	4	(	(	PUNCT
afbr-73	234	5	42	42	NUM
afbr-73	234	6	)	)	PUNCT
afbr-73	234	7	where	where	SCONJ
afbr-73	234	8	kd	kd	PROPN
afbr-73	234	9	=	=	PUNCT
afbr-73	234	10	before	before	ADP
afbr-73	234	11	tax	tax	NOUN
afbr-73	234	12	cost	cost	NOUN
afbr-73	234	13	of	of	ADP
afbr-73	234	14	debt	debt	NOUN
afbr-73	234	15	i	i	NOUN
afbr-73	234	16	=	=	PUNCT
afbr-73	234	17	interest	interest	NOUN
afbr-73	234	18	amount	amount	NOUN
afbr-73	234	19	p	p	NOUN
afbr-73	234	20	=	=	NOUN
afbr-73	234	21	principal	principal	ADJ
afbr-73	234	22	amount	amount	NOUN
afbr-73	234	23	20	20	NUM
afbr-73	234	24	2020	2020	NUM
afbr-73	234	25	3	3	NUM
afbr-73	234	26	3	3	NUM
afbr-73	234	27	2	2	NUM
afbr-73	234	28	21	21	NUM
afbr-73	234	29	)	)	PUNCT
afbr-73	234	30	1	1	NUM
afbr-73	234	31	(	(	PUNCT
afbr-73	234	32	......	......	PUNCT
afbr-73	234	33	)	)	PUNCT
afbr-73	234	34	1()1()1	1()1()1	NUM
afbr-73	234	35	(	(	PUNCT
afbr-73	234	36	dddd	dddd	PROPN
afbr-73	234	37	k	k	PROPN
afbr-73	235	1	pi	pi	PROPN
afbr-73	236	1	k	k	PROPN
afbr-73	237	1	i	i	PRON
afbr-73	237	2	k	k	INTJ
afbr-73	238	1	i	i	PRON
afbr-73	238	2	k	k	INTJ
afbr-73	239	1	i	i	PRON
afbr-73	239	2	p	p	VERB
afbr-73	239	3			PROPN
afbr-73	239	4			PROPN
afbr-73	239	5			PUNCT
afbr-73	239	6			PUNCT
afbr-73	239	7			PROPN
afbr-73	239	8			PUNCT
afbr-73	239	9			PUNCT
afbr-73	239	10			PROPN
afbr-73	239	11	(	(	PUNCT
afbr-73	239	12	43	43	NUM
afbr-73	239	13	)	)	PUNCT
afbr-73	239	14	this	this	PRON
afbr-73	239	15	is	be	AUX
afbr-73	239	16	seen	see	VERB
afbr-73	239	17	in	in	ADP
afbr-73	239	18	view	view	NOUN
afbr-73	239	19	of	of	ADP
afbr-73	239	20	the	the	DET
afbr-73	239	21	fact	fact	NOUN
afbr-73	239	22	that	that	SCONJ
afbr-73	239	23	from	from	ADP
afbr-73	239	24	example	example	NOUN
afbr-73	239	25	1	1	NUM
afbr-73	239	26	,	,	PUNCT
afbr-73	239	27	n	n	PROPN
afbr-73	239	28	d	d	PROPN
afbr-73	239	29	n	n	NOUN
afbr-73	239	30	t	t	X
afbr-73	240	1	d	d	X
afbr-73	240	2	t	t	X
afbr-73	241	1	o	o	X
afbr-73	242	1	k	k	PROPN
afbr-73	243	1	p	p	X
afbr-73	243	2	k	k	X
afbr-73	243	3	x	x	X
afbr-73	243	4	p	p	NOUN
afbr-73	243	5	)	)	PUNCT
afbr-73	243	6	1()1(1	1()1(1	NUM
afbr-73	243	7			PRON
afbr-73	243	8			PUNCT
afbr-73	243	9			PUNCT
afbr-73	243	10			PROPN
afbr-73	244	1			PROPN
afbr-73	244	2	(	(	PUNCT
afbr-73	244	3	44	44	NUM
afbr-73	244	4	)	)	PUNCT
afbr-73	244	5	where	where	SCONJ
afbr-73	244	6	po	po	NOUN
afbr-73	244	7	=	=	NOUN
afbr-73	244	8	principal	principal	NOUN
afbr-73	244	9	or	or	CCONJ
afbr-73	244	10	present	present	ADJ
afbr-73	244	11	value	value	NOUN
afbr-73	244	12	of	of	ADP
afbr-73	244	13	debt	debt	NOUN
afbr-73	244	14	x	x	PUNCT
afbr-73	245	1	=	=	PUNCT
afbr-73	245	2	the	the	DET
afbr-73	245	3	regular	regular	ADJ
afbr-73	245	4	interest	interest	NOUN
afbr-73	245	5	payment	payment	NOUN
afbr-73	245	6	or	or	CCONJ
afbr-73	245	7	cash	cash	NOUN
afbr-73	245	8	outflow	outflow	NOUN
afbr-73	245	9	to	to	ADP
afbr-73	245	10	bond	bond	NOUN
afbr-73	245	11	holders	holder	NOUN
afbr-73	245	12	pn	pn	PROPN
afbr-73	245	13	=	=	PROPN
afbr-73	245	14	terminal	terminal	NOUN
afbr-73	245	15	amount	amount	NOUN
afbr-73	245	16	to	to	PART
afbr-73	245	17	be	be	AUX
afbr-73	245	18	paid	pay	VERB
afbr-73	245	19	to	to	ADP
afbr-73	245	20	the	the	DET
afbr-73	245	21	bond	bond	NOUN
afbr-73	245	22	holders	holder	NOUN
afbr-73	245	23	kd	kd	NOUN
afbr-73	245	24	=	=	PUNCT
afbr-73	245	25	cost	cost	NOUN
afbr-73	245	26	of	of	ADP
afbr-73	245	27	debt	debt	NOUN
afbr-73	245	28	t	t	NOUN
afbr-73	245	29	=	=	PUNCT
afbr-73	245	30	time	time	NOUN
afbr-73	245	31	periods	period	NOUN
afbr-73	245	32	over	over	ADP
afbr-73	245	33	the	the	DET
afbr-73	245	34	years	year	NOUN
afbr-73	245	35	till	till	SCONJ
afbr-73	245	36	n	n	NOUN
afbr-73	245	37	maturity	maturity	NOUN
afbr-73	245	38	date	date	NOUN
afbr-73	245	39	;	;	PUNCT
afbr-73	245	40	here	here	ADV
afbr-73	245	41	final	final	ADJ
afbr-73	245	42	t	t	X
afbr-73	245	43	=	=	SYM
afbr-73	245	44	n	n	PRON
afbr-73	245	45	cost	cost	NOUN
afbr-73	245	46	of	of	ADP
afbr-73	245	47	debt	debt	NOUN
afbr-73	245	48	issued	issue	VERB
afbr-73	245	49	at	at	ADP
afbr-73	245	50	a	a	DET
afbr-73	245	51	premium	premium	NOUN
afbr-73	245	52	or	or	CCONJ
afbr-73	245	53	discount	discount	NOUN
afbr-73	245	54	in	in	ADP
afbr-73	245	55	situations	situation	NOUN
afbr-73	245	56	where	where	SCONJ
afbr-73	245	57	the	the	DET
afbr-73	245	58	given	give	VERB
afbr-73	245	59	debt	debt	NOUN
afbr-73	245	60	instrument	instrument	NOUN
afbr-73	245	61	is	be	AUX
afbr-73	245	62	issued	issue	VERB
afbr-73	245	63	at	at	ADP
afbr-73	245	64	a	a	DET
afbr-73	245	65	premium	premium	NOUN
afbr-73	245	66	or	or	CCONJ
afbr-73	245	67	discount	discount	NOUN
afbr-73	245	68	,	,	PUNCT
afbr-73	245	69	the	the	DET
afbr-73	245	70	cost	cost	NOUN
afbr-73	245	71	of	of	ADP
afbr-73	245	72	debt	debt	NOUN
afbr-73	245	73	will	will	AUX
afbr-73	245	74	differ	differ	VERB
afbr-73	245	75	from	from	ADP
afbr-73	245	76	the	the	DET
afbr-73	245	77	coupon	coupon	NOUN
afbr-73	245	78	rate	rate	NOUN
afbr-73	245	79	of	of	ADP
afbr-73	245	80	interest	interest	NOUN
afbr-73	245	81	.	.	PUNCT
afbr-73	246	1	considerations	consideration	NOUN
afbr-73	246	2	are	be	AUX
afbr-73	246	3	also	also	ADV
afbr-73	246	4	given	give	VERB
afbr-73	246	5	when	when	SCONJ
afbr-73	246	6	the	the	DET
afbr-73	246	7	resulting	result	VERB
afbr-73	246	8	premium	premium	NOUN
afbr-73	246	9	or	or	CCONJ
afbr-73	246	10	discount	discount	NOUN
afbr-73	246	11	is	be	AUX
afbr-73	246	12	amortized	amortize	VERB
afbr-73	246	13	for	for	ADP
afbr-73	246	14	tax	tax	NOUN
afbr-73	246	15	purpose	purpose	NOUN
afbr-73	246	16	,	,	PUNCT
afbr-73	246	17	over	over	ADP
afbr-73	246	18	a	a	DET
afbr-73	246	19	given	give	VERB
afbr-73	246	20	period	period	NOUN
afbr-73	246	21	(	(	PUNCT
afbr-73	246	22	ezirim	ezirim	NOUN
afbr-73	246	23	,	,	PUNCT
afbr-73	246	24	2005	2005	NUM
afbr-73	246	25	)	)	PUNCT
afbr-73	246	26	.	.	PUNCT
afbr-73	247	1	on	on	ADP
afbr-73	247	2	the	the	DET
afbr-73	247	3	stead	stead	NOUN
afbr-73	247	4	,	,	PUNCT
afbr-73	247	5	the	the	DET
afbr-73	247	6	expression	expression	NOUN
afbr-73	247	7	(	(	PUNCT
afbr-73	247	8	44	44	NUM
afbr-73	247	9	)	)	PUNCT
afbr-73	247	10	below	below	ADV
afbr-73	247	11	would	would	AUX
afbr-73	247	12	be	be	AUX
afbr-73	247	13	the	the	DET
afbr-73	247	14	best	good	ADJ
afbr-73	247	15	formula	formula	NOUN
afbr-73	247	16	to	to	PART
afbr-73	247	17	apply	apply	VERB
afbr-73	247	18	in	in	ADP
afbr-73	247	19	such	such	DET
afbr-73	247	20	an	an	DET
afbr-73	247	21	instance	instance	NOUN
afbr-73	247	22	.	.	PUNCT
afbr-73	248	1	thus	thus	ADV
afbr-73	248	2	,	,	PUNCT
afbr-73	248	3	cost	cost	NOUN
afbr-73	248	4	of	of	ADP
afbr-73	248	5	capital	capital	NOUN
afbr-73	248	6	and	and	CCONJ
afbr-73	248	7	corporate	corporate	ADJ
afbr-73	248	8	earning	earning	NOUN
afbr-73	248	9	of	of	ADP
afbr-73	248	10	nigeria	nigeria	PROPN
afbr-73	248	11	quoted	quote	VERB
afbr-73	248	12	firms	firm	NOUN
afbr-73	248	13	:	:	PUNCT
afbr-73	248	14	a	a	DET
afbr-73	248	15	multi	multi	ADJ
afbr-73	248	16	-	-	ADJ
afbr-73	248	17	dimensional	dimensional	ADJ
afbr-73	248	18	analysis	analysis	NOUN
afbr-73	248	19	of	of	ADP
afbr-73	248	20	quoted	quote	VERB
afbr-73	248	21	firms	firm	NOUN
afbr-73	248	22	in	in	ADP
afbr-73	248	23	nigeria	nigeria	PROPN
afbr-73	248	24	lucky	lucky	ADJ
afbr-73	248	25	anyike	anyike	ADP
afbr-73	248	26	lucky	lucky	ADJ
afbr-73	248	27	54	54	NUM
afbr-73	248	28	)	)	PUNCT
afbr-73	248	29	(	(	PUNCT
afbr-73	248	30	2	2	NUM
afbr-73	248	31	1	1	NUM
afbr-73	248	32	)	)	PUNCT
afbr-73	248	33	]	]	PUNCT
afbr-73	248	34	(	(	PUNCT
afbr-73	248	35	1	1	NUM
afbr-73	248	36	1)[1	1)[1	NOUN
afbr-73	248	37	(	(	PUNCT
afbr-73	248	38	pf	pf	PROPN
afbr-73	248	39	pf	pf	PROPN
afbr-73	248	40	n	n	ADP
afbr-73	248	41	t	t	PROPN
afbr-73	248	42	kd	kd	PROPN
afbr-73	248	43			ADV
afbr-73	248	44			VERB
afbr-73	248	45			PROPN
afbr-73	248	46	(	(	PUNCT
afbr-73	248	47	45	45	NUM
afbr-73	248	48	)	)	PUNCT
afbr-73	248	49	where	where	SCONJ
afbr-73	248	50	,	,	PUNCT
afbr-73	248	51	f	f	PROPN
afbr-73	248	52	=	=	NOUN
afbr-73	248	53	face	face	NOUN
afbr-73	248	54	value	value	NOUN
afbr-73	248	55	of	of	ADP
afbr-73	248	56	debt	debt	NOUN
afbr-73	248	57	p	p	NOUN
afbr-73	248	58	=	=	NOUN
afbr-73	248	59	price	price	NOUN
afbr-73	248	60	at	at	ADP
afbr-73	248	61	which	which	PRON
afbr-73	248	62	the	the	DET
afbr-73	248	63	debt	debt	NOUN
afbr-73	248	64	is	be	AUX
afbr-73	248	65	sold	sell	VERB
afbr-73	248	66	n	n	PRON
afbr-73	248	67	=	=	PRON
afbr-73	248	68	the	the	DET
afbr-73	248	69	number	number	NOUN
afbr-73	248	70	of	of	ADP
afbr-73	248	71	years	year	NOUN
afbr-73	248	72	to	to	ADP
afbr-73	248	73	maturity	maturity	NOUN
afbr-73	248	74	i	i	NOUN
afbr-73	248	75	=	=	AUX
afbr-73	248	76	fixed	fix	VERB
afbr-73	248	77	interest	interest	NOUN
afbr-73	248	78	charge	charge	NOUN
afbr-73	248	79	.	.	PUNCT
afbr-73	249	1	cost	cost	NOUN
afbr-73	249	2	of	of	ADP
afbr-73	249	3	perpetual	perpetual	ADJ
afbr-73	249	4	debt	debt	NOUN
afbr-73	249	5	when	when	SCONJ
afbr-73	249	6	a	a	DET
afbr-73	249	7	company	company	NOUN
afbr-73	249	8	’s	’s	PART
afbr-73	249	9	debt	debt	NOUN
afbr-73	249	10	is	be	AUX
afbr-73	249	11	issued	issue	VERB
afbr-73	249	12	in	in	ADP
afbr-73	249	13	perpetuity	perpetuity	NOUN
afbr-73	249	14	,	,	PUNCT
afbr-73	249	15	its	its	PRON
afbr-73	249	16	cost	cost	NOUN
afbr-73	249	17	of	of	ADP
afbr-73	249	18	debt	debt	NOUN
afbr-73	249	19	,	,	PUNCT
afbr-73	249	20	in	in	ADP
afbr-73	249	21	that	that	DET
afbr-73	249	22	regard	regard	NOUN
afbr-73	249	23	,	,	PUNCT
afbr-73	249	24	can	can	AUX
afbr-73	249	25	be	be	AUX
afbr-73	249	26	calculated	calculate	VERB
afbr-73	249	27	by	by	ADP
afbr-73	249	28	dividing	divide	VERB
afbr-73	249	29	the	the	DET
afbr-73	249	30	fixed	fix	VERB
afbr-73	249	31	interest	interest	NOUN
afbr-73	249	32	charges	charge	NOUN
afbr-73	249	33	i	i	PRON
afbr-73	249	34	by	by	ADP
afbr-73	249	35	the	the	DET
afbr-73	249	36	price	price	NOUN
afbr-73	249	37	at	at	ADP
afbr-73	249	38	which	which	PRON
afbr-73	249	39	the	the	DET
afbr-73	249	40	debt	debt	NOUN
afbr-73	249	41	is	be	AUX
afbr-73	249	42	sold	sell	VERB
afbr-73	249	43	,	,	PUNCT
afbr-73	249	44	after	after	ADP
afbr-73	249	45	adjusting	adjust	VERB
afbr-73	249	46	for	for	ADP
afbr-73	249	47	the	the	DET
afbr-73	249	48	effect	effect	NOUN
afbr-73	249	49	of	of	ADP
afbr-73	249	50	tax	tax	NOUN
afbr-73	249	51	.	.	PUNCT
afbr-73	250	1	thus	thus	ADV
afbr-73	250	2	,	,	PUNCT
afbr-73	250	3	the	the	DET
afbr-73	250	4	cost	cost	NOUN
afbr-73	250	5	of	of	ADP
afbr-73	250	6	a	a	DET
afbr-73	250	7	perpetual	perpetual	ADJ
afbr-73	250	8	debt	debt	NOUN
afbr-73	250	9	is	be	AUX
afbr-73	250	10	given	give	VERB
afbr-73	250	11	by	by	ADP
afbr-73	250	12	after	after	ADP
afbr-73	250	13	-	-	PUNCT
afbr-73	250	14	tax	tax	NOUN
afbr-73	250	15	cost	cost	NOUN
afbr-73	250	16	of	of	ADP
afbr-73	250	17	debt	debt	NOUN
afbr-73	250	18	(	(	PUNCT
afbr-73	250	19	kd	kd	X
afbr-73	250	20	)	)	PUNCT
afbr-73	250	21	=	=	PUNCT
afbr-73	250	22	)	)	PUNCT
afbr-73	250	23	1	1	NUM
afbr-73	250	24	(	(	PUNCT
afbr-73	250	25	1	1	NUM
afbr-73	250	26	t	t	PROPN
afbr-73	250	27	p	p	X
afbr-73	250	28			PROPN
afbr-73	250	29	(	(	PUNCT
afbr-73	250	30	46	46	NUM
afbr-73	250	31	)	)	PUNCT
afbr-73	250	32	where	where	SCONJ
afbr-73	250	33	,	,	PUNCT
afbr-73	250	34	i	i	PRON
afbr-73	250	35	,	,	PUNCT
afbr-73	250	36	p	p	PROPN
afbr-73	250	37	and	and	CCONJ
afbr-73	250	38	t	t	PROPN
afbr-73	250	39	are	be	AUX
afbr-73	250	40	as	as	ADV
afbr-73	250	41	defined	define	VERB
afbr-73	250	42	earlier	early	ADV
afbr-73	250	43	.	.	PUNCT
afbr-73	251	1	notice	notice	VERB
afbr-73	251	2	that	that	SCONJ
afbr-73	251	3	this	this	DET
afbr-73	251	4	perpetuality	perpetuality	NOUN
afbr-73	251	5	can	can	AUX
afbr-73	251	6	arise	arise	VERB
afbr-73	251	7	in	in	ADP
afbr-73	251	8	two	two	NUM
afbr-73	251	9	ways	way	NOUN
afbr-73	251	10	:	:	PUNCT
afbr-73	251	11	(	(	PUNCT
afbr-73	251	12	a	a	X
afbr-73	251	13	)	)	PUNCT
afbr-73	251	14	it	it	PRON
afbr-73	251	15	may	may	AUX
afbr-73	251	16	issue	issue	VERB
afbr-73	251	17	perpetual	perpetual	ADJ
afbr-73	251	18	bonds	bond	NOUN
afbr-73	251	19	from	from	ADP
afbr-73	251	20	the	the	DET
afbr-73	251	21	onset	onset	NOUN
afbr-73	251	22	,	,	PUNCT
afbr-73	251	23	in	in	ADP
afbr-73	251	24	which	which	DET
afbr-73	251	25	case	case	NOUN
afbr-73	251	26	this	this	PRON
afbr-73	251	27	becomes	become	VERB
afbr-73	251	28	part	part	NOUN
afbr-73	251	29	of	of	ADP
afbr-73	251	30	the	the	DET
afbr-73	251	31	permanent	permanent	ADJ
afbr-73	251	32	capital	capital	NOUN
afbr-73	251	33	(	(	PUNCT
afbr-73	251	34	a	a	DET
afbr-73	251	35	case	case	NOUN
afbr-73	251	36	of	of	ADP
afbr-73	251	37	issue	issue	NOUN
afbr-73	251	38	of	of	ADP
afbr-73	251	39	irredeemable	irredeemable	ADJ
afbr-73	251	40	bonds	bond	NOUN
afbr-73	251	41	)	)	PUNCT
afbr-73	251	42	.	.	PUNCT
afbr-73	252	1	(	(	PUNCT
afbr-73	252	2	b	b	X
afbr-73	252	3	)	)	PUNCT
afbr-73	252	4	it	it	PRON
afbr-73	252	5	may	may	AUX
afbr-73	252	6	maintain	maintain	VERB
afbr-73	252	7	a	a	DET
afbr-73	252	8	policy	policy	NOUN
afbr-73	252	9	of	of	ADP
afbr-73	252	10	retaining	retain	VERB
afbr-73	252	11	a	a	DET
afbr-73	252	12	constant	constant	ADJ
afbr-73	252	13	amount	amount	NOUN
afbr-73	252	14	of	of	ADP
afbr-73	252	15	bonds	bond	NOUN
afbr-73	252	16	in	in	ADP
afbr-73	252	17	its	its	PRON
afbr-73	252	18	capital	capital	NOUN
afbr-73	252	19	portfolio	portfolio	NOUN
afbr-73	252	20	.	.	PUNCT
afbr-73	253	1	thus	thus	ADV
afbr-73	253	2	,	,	PUNCT
afbr-73	253	3	when	when	SCONJ
afbr-73	253	4	once	once	SCONJ
afbr-73	253	5	old	old	ADJ
afbr-73	253	6	bonds	bond	NOUN
afbr-73	253	7	are	be	AUX
afbr-73	253	8	redeemed	redeem	VERB
afbr-73	253	9	,	,	PUNCT
afbr-73	253	10	replacement	replacement	NOUN
afbr-73	253	11	would	would	AUX
afbr-73	253	12	have	have	AUX
afbr-73	253	13	been	be	AUX
afbr-73	253	14	made	make	VERB
afbr-73	253	15	aforetime	aforetime	ADJ
afbr-73	253	16	by	by	ADP
afbr-73	253	17	new	new	ADJ
afbr-73	253	18	bonds	bond	NOUN
afbr-73	253	19	.	.	PUNCT
afbr-73	254	1	preference	preference	NOUN
afbr-73	254	2	shares	share	NOUN
afbr-73	254	3	capital	capital	NOUN
afbr-73	254	4	preference	preference	NOUN
afbr-73	254	5	shares	share	NOUN
afbr-73	254	6	are	be	AUX
afbr-73	254	7	distinguished	distinguish	VERB
afbr-73	254	8	from	from	ADP
afbr-73	254	9	ordinary	ordinary	ADJ
afbr-73	254	10	shares	share	NOUN
afbr-73	254	11	at	at	ADP
afbr-73	254	12	some	some	DET
afbr-73	254	13	inherent	inherent	ADJ
afbr-73	254	14	preferential	preferential	ADJ
afbr-73	254	15	right	right	NOUN
afbr-73	254	16	the	the	DET
afbr-73	254	17	former	former	ADJ
afbr-73	254	18	possess	possess	NOUN
afbr-73	254	19	over	over	ADP
afbr-73	254	20	the	the	DET
afbr-73	254	21	equity	equity	NOUN
afbr-73	254	22	holders	holder	NOUN
afbr-73	254	23	in	in	ADP
afbr-73	254	24	terms	term	NOUN
afbr-73	254	25	of	of	ADP
afbr-73	254	26	profits	profit	NOUN
afbr-73	254	27	distribution	distribution	NOUN
afbr-73	254	28	during	during	ADP
afbr-73	254	29	the	the	DET
afbr-73	254	30	life	life	NOUN
afbr-73	254	31	of	of	ADP
afbr-73	254	32	a	a	DET
afbr-73	254	33	company	company	NOUN
afbr-73	254	34	;	;	PUNCT
afbr-73	254	35	and	and	CCONJ
afbr-73	254	36	over	over	ADP
afbr-73	254	37	surplus	surplus	ADJ
afbr-73	254	38	asset	asset	NOUN
afbr-73	254	39	in	in	ADP
afbr-73	254	40	the	the	DET
afbr-73	254	41	event	event	NOUN
afbr-73	254	42	of	of	ADP
afbr-73	254	43	winding	wind	VERB
afbr-73	254	44	up	up	ADP
afbr-73	254	45	.	.	PUNCT
afbr-73	255	1	in	in	ADP
afbr-73	255	2	other	other	ADJ
afbr-73	255	3	words	word	NOUN
afbr-73	255	4	,	,	PUNCT
afbr-73	255	5	they	they	PRON
afbr-73	255	6	receive	receive	VERB
afbr-73	255	7	preferred	preferred	ADJ
afbr-73	255	8	dividend	dividend	NOUN
afbr-73	255	9	as	as	ADV
afbr-73	255	10	well	well	ADV
afbr-73	255	11	as	as	ADP
afbr-73	255	12	priority	priority	NOUN
afbr-73	255	13	claims	claim	NOUN
afbr-73	255	14	over	over	ADP
afbr-73	255	15	ordinary	ordinary	ADJ
afbr-73	255	16	shareholders	shareholder	NOUN
afbr-73	255	17	.	.	PUNCT
afbr-73	256	1	the	the	DET
afbr-73	256	2	dividend	dividend	NOUN
afbr-73	256	3	paid	pay	VERB
afbr-73	256	4	to	to	ADP
afbr-73	256	5	preference	preference	NOUN
afbr-73	256	6	shareholders	shareholder	NOUN
afbr-73	256	7	comes	come	VERB
afbr-73	256	8	out	out	ADP
afbr-73	256	9	of	of	ADP
afbr-73	256	10	the	the	DET
afbr-73	256	11	profits	profit	NOUN
afbr-73	256	12	after	after	ADP
afbr-73	256	13	tax	tax	NOUN
afbr-73	256	14	(	(	PUNCT
afbr-73	256	15	pat	pat	PROPN
afbr-73	256	16	)	)	PUNCT
afbr-73	256	17	of	of	ADP
afbr-73	256	18	the	the	DET
afbr-73	256	19	company	company	NOUN
afbr-73	256	20	.	.	PUNCT
afbr-73	257	1	this	this	PRON
afbr-73	257	2	has	have	AUX
afbr-73	257	3	been	be	AUX
afbr-73	257	4	advanced	advance	VERB
afbr-73	257	5	as	as	ADP
afbr-73	257	6	one	one	NUM
afbr-73	257	7	of	of	ADP
afbr-73	257	8	the	the	DET
afbr-73	257	9	reasons	reason	NOUN
afbr-73	257	10	it	it	PRON
afbr-73	257	11	attract	attract	VERB
afbr-73	257	12	higher	high	ADJ
afbr-73	257	13	cost	cost	NOUN
afbr-73	257	14	than	than	ADP
afbr-73	257	15	borrowed	borrow	VERB
afbr-73	257	16	funds	fund	NOUN
afbr-73	257	17	.	.	PUNCT
afbr-73	258	1	preferred	preferred	ADJ
afbr-73	258	2	stock	stock	NOUN
afbr-73	258	3	,	,	PUNCT
afbr-73	258	4	as	as	SCONJ
afbr-73	258	5	it	it	PRON
afbr-73	258	6	is	be	AUX
afbr-73	258	7	sometimes	sometimes	ADV
afbr-73	258	8	called	call	VERB
afbr-73	258	9	,	,	PUNCT
afbr-73	258	10	possess	possess	VERB
afbr-73	258	11	some	some	DET
afbr-73	258	12	features	feature	NOUN
afbr-73	258	13	of	of	ADP
afbr-73	258	14	ordinary	ordinary	ADJ
afbr-73	258	15	shares	share	NOUN
afbr-73	258	16	,	,	PUNCT
afbr-73	258	17	especially	especially	ADV
afbr-73	258	18	in	in	ADP
afbr-73	258	19	relation	relation	NOUN
afbr-73	258	20	to	to	ADP
afbr-73	258	21	the	the	DET
afbr-73	258	22	theoretical	theoretical	ADJ
afbr-73	258	23	foundations	foundation	NOUN
afbr-73	258	24	that	that	PRON
afbr-73	258	25	they	they	PRON
afbr-73	258	26	are	be	AUX
afbr-73	258	27	not	not	PART
afbr-73	258	28	suppose	suppose	VERB
afbr-73	258	29	to	to	PART
afbr-73	258	30	be	be	AUX
afbr-73	258	31	redeem	redeem	ADJ
afbr-73	258	32	or	or	CCONJ
afbr-73	258	33	have	have	VERB
afbr-73	258	34	maturities	maturity	NOUN
afbr-73	258	35	,	,	PUNCT
afbr-73	258	36	having	have	VERB
afbr-73	258	37	the	the	DET
afbr-73	258	38	element	element	NOUN
afbr-73	258	39	of	of	ADP
afbr-73	258	40	perpetuity	perpetuity	NOUN
afbr-73	258	41	discussion	discussion	NOUN
afbr-73	258	42	in	in	ADP
afbr-73	258	43	our	our	PRON
afbr-73	258	44	introduction	introduction	NOUN
afbr-73	258	45	to	to	ADP
afbr-73	258	46	mathematic	mathematic	ADJ
afbr-73	258	47	of	of	ADP
afbr-73	258	48	finance	finance	NOUN
afbr-73	258	49	.	.	PUNCT
afbr-73	259	1	like	like	ADP
afbr-73	259	2	ordinary	ordinary	ADJ
afbr-73	259	3	shares	share	NOUN
afbr-73	259	4	dividends	dividend	NOUN
afbr-73	259	5	,	,	PUNCT
afbr-73	259	6	preferred	preferred	ADJ
afbr-73	259	7	dividend	dividend	NOUN
afbr-73	259	8	comes	come	VERB
afbr-73	259	9	from	from	ADP
afbr-73	259	10	the	the	DET
afbr-73	259	11	pat	pat	NOUN
afbr-73	259	12	of	of	ADP
afbr-73	259	13	the	the	DET
afbr-73	259	14	firm	firm	NOUN
afbr-73	259	15	.	.	PUNCT
afbr-73	260	1	postponement	postponement	NOUN
afbr-73	260	2	or	or	CCONJ
afbr-73	260	3	non	non	ADJ
afbr-73	260	4	payment	payment	NOUN
afbr-73	260	5	of	of	ADP
afbr-73	260	6	dividends	dividend	NOUN
afbr-73	260	7	on	on	ADP
afbr-73	260	8	both	both	DET
afbr-73	260	9	shares	share	NOUN
afbr-73	260	10	would	would	AUX
afbr-73	260	11	not	not	PART
afbr-73	260	12	necessarily	necessarily	ADV
afbr-73	260	13	amount	amount	VERB
afbr-73	260	14	to	to	ADP
afbr-73	260	15	the	the	DET
afbr-73	260	16	company	company	NOUN
afbr-73	260	17	being	be	AUX
afbr-73	260	18	liquidated	liquidate	VERB
afbr-73	260	19	on	on	ADP
afbr-73	260	20	grounds	ground	NOUN
afbr-73	260	21	of	of	ADP
afbr-73	260	22	insolvency	insolvency	NOUN
afbr-73	260	23	(	(	PUNCT
afbr-73	260	24	ezirim	ezirim	NOUN
afbr-73	260	25	,	,	PUNCT
afbr-73	260	26	2005	2005	NUM
afbr-73	260	27	)	)	PUNCT
afbr-73	260	28	.	.	PUNCT
afbr-73	261	1	on	on	ADP
afbr-73	261	2	the	the	DET
afbr-73	261	3	other	other	ADJ
afbr-73	261	4	hand	hand	NOUN
afbr-73	261	5	,	,	PUNCT
afbr-73	261	6	they	they	PRON
afbr-73	261	7	have	have	VERB
afbr-73	261	8	some	some	DET
afbr-73	261	9	features	feature	NOUN
afbr-73	261	10	of	of	ADP
afbr-73	261	11	debentures	debenture	NOUN
afbr-73	261	12	or	or	CCONJ
afbr-73	261	13	bonds	bond	NOUN
afbr-73	261	14	especially	especially	ADV
afbr-73	261	15	when	when	SCONJ
afbr-73	261	16	we	we	PRON
afbr-73	261	17	consider	consider	VERB
afbr-73	261	18	that	that	SCONJ
afbr-73	261	19	their	their	PRON
afbr-73	261	20	dividends	dividend	NOUN
afbr-73	261	21	are	be	AUX
afbr-73	261	22	limited	limit	VERB
afbr-73	261	23	as	as	SCONJ
afbr-73	261	24	is	be	AUX
afbr-73	261	25	the	the	DET
afbr-73	261	26	case	case	NOUN
afbr-73	261	27	with	with	ADP
afbr-73	261	28	bondholders	bondholder	NOUN
afbr-73	261	29	who	who	PRON
afbr-73	261	30	receive	receive	VERB
afbr-73	261	31	fixed	fix	VERB
afbr-73	261	32	interest	interest	NOUN
afbr-73	261	33	.	.	PUNCT
afbr-73	262	1	preferred	preferred	ADJ
afbr-73	262	2	dividend	dividend	NOUN
afbr-73	262	3	and	and	CCONJ
afbr-73	262	4	interest	interest	NOUN
afbr-73	262	5	on	on	ADP
afbr-73	262	6	debentures	debenture	NOUN
afbr-73	262	7	are	be	AUX
afbr-73	262	8	contractually	contractually	ADV
afbr-73	262	9	determined	determine	VERB
afbr-73	262	10	,	,	PUNCT
afbr-73	262	11	in	in	ADP
afbr-73	262	12	most	most	ADJ
afbr-73	262	13	cases	case	NOUN
afbr-73	262	14	as	as	ADP
afbr-73	262	15	a	a	DET
afbr-73	262	16	percentage	percentage	NOUN
afbr-73	262	17	of	of	ADP
afbr-73	262	18	the	the	DET
afbr-73	262	19	par	par	NOUN
afbr-73	262	20	values	value	NOUN
afbr-73	262	21	of	of	ADP
afbr-73	262	22	the	the	DET
afbr-73	262	23	instruments	instrument	NOUN
afbr-73	262	24	.	.	PUNCT
afbr-73	263	1	to	to	ADP
afbr-73	263	2	the	the	DET
afbr-73	263	3	extent	extent	NOUN
afbr-73	263	4	to	to	PART
afbr-73	263	5	which	which	PRON
afbr-73	263	6	preference	preference	NOUN
afbr-73	263	7	shares	share	NOUN
afbr-73	263	8	have	have	VERB
afbr-73	263	9	some	some	DET
afbr-73	263	10	characteristic	characteristic	NOUN
afbr-73	263	11	of	of	ADP
afbr-73	263	12	common	common	ADJ
afbr-73	263	13	shares	share	NOUN
afbr-73	263	14	and	and	CCONJ
afbr-73	263	15	as	as	ADV
afbr-73	263	16	well	well	ADV
afbr-73	263	17	some	some	DET
afbr-73	263	18	features	feature	NOUN
afbr-73	263	19	of	of	ADP
afbr-73	263	20	debentures	debenture	NOUN
afbr-73	263	21	,	,	PUNCT
afbr-73	263	22	we	we	PRON
afbr-73	263	23	can	can	AUX
afbr-73	263	24	refer	refer	VERB
afbr-73	263	25	to	to	ADP
afbr-73	263	26	them	they	PRON
afbr-73	263	27	as	as	ADP
afbr-73	263	28	hybrid	hybrid	ADJ
afbr-73	263	29	securities	security	NOUN
afbr-73	263	30	.	.	PUNCT
afbr-73	264	1	cost	cost	NOUN
afbr-73	264	2	of	of	ADP
afbr-73	264	3	irredeemable	irredeemable	ADJ
afbr-73	264	4	preference	preference	NOUN
afbr-73	264	5	shares	share	NOUN
afbr-73	264	6	capital	capital	NOUN
afbr-73	264	7	preference	preference	NOUN
afbr-73	264	8	shareholders	shareholder	NOUN
afbr-73	264	9	receive	receive	VERB
afbr-73	264	10	a	a	DET
afbr-73	264	11	type	type	NOUN
afbr-73	264	12	of	of	ADP
afbr-73	264	13	dividend	dividend	NOUN
afbr-73	264	14	called	call	VERB
afbr-73	264	15	preference	preference	NOUN
afbr-73	264	16	dividend	dividend	NOUN
afbr-73	264	17	.	.	PUNCT
afbr-73	265	1	the	the	DET
afbr-73	265	2	cost	cost	NOUN
afbr-73	265	3	of	of	ADP
afbr-73	265	4	preference	preference	NOUN
afbr-73	265	5	capital	capital	NOUN
afbr-73	265	6	cost	cost	NOUN
afbr-73	265	7	of	of	ADP
afbr-73	265	8	capital	capital	NOUN
afbr-73	265	9	and	and	CCONJ
afbr-73	265	10	corporate	corporate	ADJ
afbr-73	265	11	earning	earning	NOUN
afbr-73	265	12	of	of	ADP
afbr-73	265	13	nigeria	nigeria	PROPN
afbr-73	265	14	quoted	quote	VERB
afbr-73	265	15	firms	firm	NOUN
afbr-73	265	16	:	:	PUNCT
afbr-73	265	17	a	a	DET
afbr-73	265	18	multi	multi	ADJ
afbr-73	265	19	-	-	ADJ
afbr-73	265	20	dimensional	dimensional	ADJ
afbr-73	265	21	analysis	analysis	NOUN
afbr-73	265	22	of	of	ADP
afbr-73	265	23	quoted	quote	VERB
afbr-73	265	24	firms	firm	NOUN
afbr-73	265	25	in	in	ADP
afbr-73	265	26	nigeria	nigeria	PROPN
afbr-73	265	27	lucky	lucky	ADJ
afbr-73	265	28	anyike	anyike	ADP
afbr-73	265	29	lucky	lucky	ADJ
afbr-73	265	30	55	55	NUM
afbr-73	265	31	must	must	AUX
afbr-73	265	32	,	,	PUNCT
afbr-73	265	33	therefore	therefore	ADV
afbr-73	265	34	,	,	PUNCT
afbr-73	265	35	be	be	AUX
afbr-73	265	36	related	relate	VERB
afbr-73	265	37	to	to	ADP
afbr-73	265	38	the	the	DET
afbr-73	265	39	expected	expect	VERB
afbr-73	265	40	dividend	dividend	NOUN
afbr-73	265	41	of	of	ADP
afbr-73	265	42	the	the	DET
afbr-73	265	43	holders	holder	NOUN
afbr-73	265	44	of	of	ADP
afbr-73	265	45	this	this	DET
afbr-73	265	46	kind	kind	NOUN
afbr-73	265	47	of	of	ADP
afbr-73	265	48	shares	share	NOUN
afbr-73	265	49	.	.	PUNCT
afbr-73	266	1	thus	thus	ADV
afbr-73	266	2	,	,	PUNCT
afbr-73	266	3	the	the	DET
afbr-73	266	4	cost	cost	NOUN
afbr-73	266	5	of	of	ADP
afbr-73	266	6	preference	preference	NOUN
afbr-73	266	7	shares	share	NOUN
afbr-73	266	8	in	in	ADP
afbr-73	266	9	this	this	DET
afbr-73	266	10	instant	instant	NOUN
afbr-73	266	11	will	will	AUX
afbr-73	266	12	be	be	AUX
afbr-73	266	13	given	give	VERB
afbr-73	266	14	by	by	ADP
afbr-73	266	15	,	,	PUNCT
afbr-73	266	16	o	o	PROPN
afbr-73	267	1	p	p	NOUN
afbr-73	268	1	p	p	X
afbr-73	268	2	p	p	PROPN
afbr-73	269	1	d	d	X
afbr-73	269	2	k	k	PROPN
afbr-73	269	3			PROPN
afbr-73	269	4	(	(	PUNCT
afbr-73	269	5	47	47	NUM
afbr-73	269	6	)	)	PUNCT
afbr-73	269	7	where	where	SCONJ
afbr-73	269	8	kp	kp	PROPN
afbr-73	269	9	=	=	PUNCT
afbr-73	269	10	cost	cost	NOUN
afbr-73	269	11	of	of	ADP
afbr-73	269	12	preference	preference	NOUN
afbr-73	269	13	capital	capital	NOUN
afbr-73	269	14	dp	dp	NOUN
afbr-73	269	15	=	=	PROPN
afbr-73	269	16	preference	preference	NOUN
afbr-73	269	17	dividend	dividend	NOUN
afbr-73	269	18	,	,	PUNCT
afbr-73	269	19	usually	usually	ADV
afbr-73	269	20	fixed	fix	VERB
afbr-73	269	21	po	po	NOUN
afbr-73	269	22	=	=	PUNCT
afbr-73	269	23	current	current	ADJ
afbr-73	269	24	page	page	NOUN
afbr-73	269	25	per	per	ADP
afbr-73	269	26	preference	preference	NOUN
afbr-73	269	27	share	share	NOUN
afbr-73	269	28	)	)	PUNCT
afbr-73	269	29	(	(	PUNCT
afbr-73	269	30	2	2	NUM
afbr-73	269	31	1	1	NUM
afbr-73	269	32	)	)	PUNCT
afbr-73	269	33	]	]	PUNCT
afbr-73	269	34	(	(	PUNCT
afbr-73	269	35	1	1	NUM
afbr-73	269	36	[	[	PUNCT
afbr-73	269	37	pf	pf	PROPN
afbr-73	269	38	pf	pf	PROPN
afbr-73	269	39	n	n	PROPN
afbr-73	270	1	d	d	NOUN
afbr-73	270	2	k	k	PROPN
afbr-73	271	1	p	p	X
afbr-73	271	2	p	p	X
afbr-73	271	3			ADJ
afbr-73	271	4			PROPN
afbr-73	271	5			PROPN
afbr-73	271	6	(	(	PUNCT
afbr-73	271	7	48	48	NUM
afbr-73	271	8	)	)	PUNCT
afbr-73	271	9	cost	cost	NOUN
afbr-73	271	10	of	of	ADP
afbr-73	271	11	eternal	eternal	ADJ
afbr-73	271	12	equity	equity	NOUN
afbr-73	271	13	capital	capital	NOUN
afbr-73	271	14	using	use	VERB
afbr-73	271	15	the	the	DET
afbr-73	271	16	dividend	dividend	NOUN
afbr-73	271	17	model	model	NOUN
afbr-73	271	18	,	,	PUNCT
afbr-73	271	19	the	the	DET
afbr-73	271	20	underlying	underlying	ADJ
afbr-73	271	21	principle	principle	NOUN
afbr-73	271	22	relevant	relevant	ADJ
afbr-73	271	23	to	to	ADP
afbr-73	271	24	us	we	PRON
afbr-73	271	25	here	here	ADV
afbr-73	271	26	is	be	AUX
afbr-73	271	27	that	that	SCONJ
afbr-73	271	28	the	the	DET
afbr-73	271	29	price	price	NOUN
afbr-73	271	30	of	of	ADP
afbr-73	271	31	the	the	DET
afbr-73	271	32	shares	share	NOUN
afbr-73	271	33	of	of	ADP
afbr-73	271	34	a	a	DET
afbr-73	271	35	company	company	NOUN
afbr-73	271	36	is	be	AUX
afbr-73	271	37	determined	determine	VERB
afbr-73	271	38	by	by	ADP
afbr-73	271	39	the	the	DET
afbr-73	271	40	expected	expect	VERB
afbr-73	271	41	returns	return	NOUN
afbr-73	271	42	by	by	ADP
afbr-73	271	43	its	its	PRON
afbr-73	271	44	shareholders	shareholder	NOUN
afbr-73	271	45	.	.	PUNCT
afbr-73	272	1	these	these	DET
afbr-73	272	2	returns	return	NOUN
afbr-73	272	3	are	be	AUX
afbr-73	272	4	composed	compose	VERB
afbr-73	272	5	of	of	ADP
afbr-73	272	6	the	the	DET
afbr-73	272	7	expected	expect	VERB
afbr-73	272	8	stream	stream	NOUN
afbr-73	272	9	of	of	ADP
afbr-73	272	10	dividends	dividend	NOUN
afbr-73	272	11	(	(	PUNCT
afbr-73	272	12	ezirim	ezirim	NOUN
afbr-73	272	13	,	,	PUNCT
afbr-73	272	14	2005	2005	NUM
afbr-73	272	15	)	)	PUNCT
afbr-73	272	16	.	.	PUNCT
afbr-73	273	1	given	give	VERB
afbr-73	273	2	the	the	DET
afbr-73	273	3	growth	growth	NOUN
afbr-73	273	4	in	in	ADP
afbr-73	273	5	dividend	dividend	NOUN
afbr-73	273	6	expectation	expectation	NOUN
afbr-73	273	7	at	at	ADP
afbr-73	273	8	a	a	DET
afbr-73	273	9	rate	rate	NOUN
afbr-73	273	10	g	g	NOUN
afbr-73	273	11	,	,	PUNCT
afbr-73	273	12	the	the	DET
afbr-73	273	13	value	value	NOUN
afbr-73	273	14	of	of	ADP
afbr-73	273	15	the	the	DET
afbr-73	273	16	shares	share	NOUN
afbr-73	273	17	is	be	AUX
afbr-73	273	18	given	give	VERB
afbr-73	273	19	by	by	ADP
afbr-73	273	20	:	:	PUNCT
afbr-73	273	21	n	n	PROPN
afbr-73	273	22	e	e	X
afbr-73	273	23	n	n	X
afbr-73	273	24	ee	ee	ADP
afbr-73	273	25	o	o	PROPN
afbr-73	274	1	k	k	PROPN
afbr-73	275	1	d	d	X
afbr-73	275	2	k	k	PROPN
afbr-73	276	1	d	d	X
afbr-73	276	2	k	k	PROPN
afbr-73	276	3	d	d	X
afbr-73	276	4	p	p	NOUN
afbr-73	276	5	)	)	PUNCT
afbr-73	276	6	1	1	NUM
afbr-73	276	7	(	(	PUNCT
afbr-73	276	8	......	......	PUNCT
afbr-73	276	9	)	)	PUNCT
afbr-73	276	10	1()1	1()1	NUM
afbr-73	276	11	(	(	PUNCT
afbr-73	276	12	2	2	NUM
afbr-73	276	13	21	21	NUM
afbr-73	276	14			ADJ
afbr-73	276	15			PROPN
afbr-73	276	16			NOUN
afbr-73	276	17			PUNCT
afbr-73	276	18			PUNCT
afbr-73	276	19			PROPN
afbr-73	276	20	(	(	PUNCT
afbr-73	276	21	49	49	NUM
afbr-73	276	22	)	)	PUNCT
afbr-73	276	23	where	where	SCONJ
afbr-73	276	24	po	po	NOUN
afbr-73	276	25	=	=	NOUN
afbr-73	276	26	present	present	ADJ
afbr-73	276	27	value	value	NOUN
afbr-73	276	28	of	of	ADP
afbr-73	276	29	the	the	DET
afbr-73	276	30	share	share	NOUN
afbr-73	276	31	,	,	PUNCT
afbr-73	276	32	ke	ke	PROPN
afbr-73	276	33	is	be	AUX
afbr-73	276	34	the	the	DET
afbr-73	276	35	cost	cost	NOUN
afbr-73	276	36	of	of	ADP
afbr-73	276	37	equity	equity	NOUN
afbr-73	276	38	capital	capital	NOUN
afbr-73	276	39	,	,	PUNCT
afbr-73	276	40	and	and	CCONJ
afbr-73	276	41	d1	d1	PROPN
afbr-73	276	42	,	,	PUNCT
afbr-73	276	43	d2	d2	PROPN
afbr-73	276	44	…	…	PUNCT
afbr-73	276	45	..	..	PUNCT
afbr-73	277	1	dn	dn	PROPN
afbr-73	277	2	is	be	AUX
afbr-73	277	3	the	the	DET
afbr-73	277	4	stream	stream	NOUN
afbr-73	277	5	of	of	ADP
afbr-73	277	6	dividends	dividend	NOUN
afbr-73	277	7	from	from	ADP
afbr-73	277	8	period	period	NOUN
afbr-73	277	9	1	1	NUM
afbr-73	277	10	to	to	ADP
afbr-73	277	11	n.	n.	NOUN
afbr-73	277	12	applying	apply	VERB
afbr-73	277	13	the	the	DET
afbr-73	277	14	growth	growth	NOUN
afbr-73	277	15	rate	rate	NOUN
afbr-73	277	16	g	g	PROPN
afbr-73	277	17	concept	concept	NOUN
afbr-73	277	18	,	,	PUNCT
afbr-73	277	19	expression	expression	NOUN
afbr-73	277	20	(	(	PUNCT
afbr-73	277	21	49	49	NUM
afbr-73	277	22	)	)	PUNCT
afbr-73	277	23	turns	turn	VERB
afbr-73	277	24	to	to	ADP
afbr-73	277	25	:	:	PUNCT
afbr-73	277	26	n	n	PROPN
afbr-73	277	27	e	e	X
afbr-73	277	28	n	n	X
afbr-73	277	29	ee	ee	ADP
afbr-73	277	30	o	o	PROPN
afbr-73	277	31	k	k	PROPN
afbr-73	277	32	gd	gd	PROPN
afbr-73	278	1	k	k	PROPN
afbr-73	278	2	gd	gd	PROPN
afbr-73	279	1	k	k	PROPN
afbr-73	279	2	gd	gd	PROPN
afbr-73	280	1	p	p	NOUN
afbr-73	280	2	)	)	PUNCT
afbr-73	280	3	1	1	NUM
afbr-73	280	4	(	(	PUNCT
afbr-73	280	5	)	)	PUNCT
afbr-73	280	6	1	1	NUM
afbr-73	280	7	(	(	PUNCT
afbr-73	280	8	.......	.......	PUNCT
afbr-73	280	9	)	)	PUNCT
afbr-73	280	10	1	1	NUM
afbr-73	280	11	(	(	PUNCT
afbr-73	280	12	)	)	PUNCT
afbr-73	280	13	1	1	NUM
afbr-73	280	14	(	(	PUNCT
afbr-73	280	15	)	)	PUNCT
afbr-73	280	16	1	1	NUM
afbr-73	280	17	(	(	PUNCT
afbr-73	280	18	)	)	PUNCT
afbr-73	280	19	1	1	NUM
afbr-73	280	20	(	(	PUNCT
afbr-73	280	21	0	0	NUM
afbr-73	280	22	2	2	NUM
afbr-73	280	23	2	2	NUM
afbr-73	280	24	0	0	NUM
afbr-73	280	25	1	1	NUM
afbr-73	280	26	0	0	NUM
afbr-73	280	27			ADV
afbr-73	280	28			PROPN
afbr-73	280	29			PROPN
afbr-73	280	30			PROPN
afbr-73	280	31			PUNCT
afbr-73	280	32			PROPN
afbr-73	280	33			PUNCT
afbr-73	280	34			PUNCT
afbr-73	280	35			PROPN
afbr-73	280	36	(	(	PUNCT
afbr-73	280	37	50	50	NUM
afbr-73	280	38	)	)	PUNCT
afbr-73	280	39	expression	expression	NOUN
afbr-73	280	40	(	(	PUNCT
afbr-73	280	41	17.10	17.10	NUM
afbr-73	280	42	)	)	PUNCT
afbr-73	280	43	can	can	AUX
afbr-73	280	44	be	be	AUX
afbr-73	280	45	generalized	generalize	VERB
afbr-73	280	46	into	into	ADP
afbr-73	280	47	:	:	PUNCT
afbr-73	280	48			X
afbr-73	280	49			X
afbr-73	281	1			PROPN
afbr-73	281	2			ADV
afbr-73	281	3			PUNCT
afbr-73	281	4			PROPN
afbr-73	281	5	n	n	NUM
afbr-73	281	6	t	t	NOUN
afbr-73	281	7	t	t	X
afbr-73	281	8	e	e	NOUN
afbr-73	281	9	t	t	NOUN
afbr-73	281	10	o	o	X
afbr-73	281	11	o	o	X
afbr-73	282	1	k	k	INTJ
afbr-73	282	2	gd	gd	PROPN
afbr-73	283	1	p	p	NOUN
afbr-73	283	2	0	0	NUM
afbr-73	283	3	)	)	SYM
afbr-73	283	4	1	1	NUM
afbr-73	283	5	(	(	PUNCT
afbr-73	283	6	)	)	PUNCT
afbr-73	283	7	1	1	NUM
afbr-73	283	8	(	(	PUNCT
afbr-73	283	9	(	(	PUNCT
afbr-73	283	10	51	51	NUM
afbr-73	283	11	)	)	PUNCT
afbr-73	283	12	where	where	SCONJ
afbr-73	283	13	do	do	AUX
afbr-73	283	14	=	=	PUNCT
afbr-73	283	15	dividend	dividend	VERB
afbr-73	283	16	at	at	ADP
afbr-73	283	17	time	time	NOUN
afbr-73	283	18	zero	zero	NUM
afbr-73	283	19	,	,	PUNCT
afbr-73	283	20	and	and	CCONJ
afbr-73	283	21	g	g	NOUN
afbr-73	283	22	is	be	AUX
afbr-73	283	23	the	the	DET
afbr-73	283	24	growth	growth	NOUN
afbr-73	283	25	rate	rate	NOUN
afbr-73	283	26	which	which	PRON
afbr-73	283	27	in	in	ADP
afbr-73	283	28	this	this	DET
afbr-73	283	29	case	case	NOUN
afbr-73	283	30	is	be	AUX
afbr-73	283	31	considered	consider	VERB
afbr-73	283	32	perpetual	perpetual	ADJ
afbr-73	283	33	.	.	PUNCT
afbr-73	284	1	a	a	DET
afbr-73	284	2	look	look	NOUN
afbr-73	284	3	at	at	ADP
afbr-73	284	4	expression	expression	NOUN
afbr-73	284	5	of	of	ADP
afbr-73	284	6	the	the	DET
afbr-73	284	7	equations	equation	NOUN
afbr-73	284	8	above	above	ADV
afbr-73	284	9	reveals	reveal	VERB
afbr-73	284	10	that	that	SCONJ
afbr-73	284	11	the	the	DET
afbr-73	284	12	cost	cost	NOUN
afbr-73	284	13	of	of	ADP
afbr-73	284	14	equity	equity	NOUN
afbr-73	284	15	,	,	PUNCT
afbr-73	284	16	ke	ke	PROPN
afbr-73	284	17	,	,	PUNCT
afbr-73	284	18	is	be	AUX
afbr-73	284	19	the	the	DET
afbr-73	284	20	rate	rate	NOUN
afbr-73	284	21	of	of	ADP
afbr-73	284	22	return	return	NOUN
afbr-73	284	23	,	,	PUNCT
afbr-73	284	24	which	which	PRON
afbr-73	284	25	equates	equate	VERB
afbr-73	284	26	the	the	DET
afbr-73	284	27	two	two	NUM
afbr-73	284	28	sides	side	NOUN
afbr-73	284	29	of	of	ADP
afbr-73	284	30	the	the	DET
afbr-73	284	31	equation	equation	NOUN
afbr-73	284	32	(	(	PUNCT
afbr-73	284	33	ezirim	ezirim	NOUN
afbr-73	284	34	,	,	PUNCT
afbr-73	284	35	2005	2005	NUM
afbr-73	284	36	)	)	PUNCT
afbr-73	284	37	.	.	PUNCT
afbr-73	285	1	thus	thus	ADV
afbr-73	285	2	,	,	PUNCT
afbr-73	285	3	it	it	PRON
afbr-73	285	4	has	have	AUX
afbr-73	285	5	been	be	AUX
afbr-73	285	6	defined	define	VERB
afbr-73	285	7	as	as	ADP
afbr-73	285	8	the	the	DET
afbr-73	285	9	required	require	VERB
afbr-73	285	10	rate	rate	NOUN
afbr-73	285	11	of	of	ADP
afbr-73	285	12	return	return	NOUN
afbr-73	285	13	,	,	PUNCT
afbr-73	285	14	which	which	PRON
afbr-73	285	15	equates	equate	VERB
afbr-73	285	16	the	the	DET
afbr-73	285	17	present	present	ADJ
afbr-73	285	18	value	value	NOUN
afbr-73	285	19	of	of	ADP
afbr-73	285	20	the	the	DET
afbr-73	285	21	expected	expect	VERB
afbr-73	285	22	dividends	dividend	NOUN
afbr-73	285	23	with	with	ADP
afbr-73	285	24	the	the	DET
afbr-73	285	25	market	market	NOUN
afbr-73	285	26	value	value	NOUN
afbr-73	285	27	of	of	ADP
afbr-73	285	28	the	the	DET
afbr-73	285	29	share	share	NOUN
afbr-73	285	30	(	(	PUNCT
afbr-73	285	31	pandey	pandey	PROPN
afbr-73	285	32	,	,	PUNCT
afbr-73	285	33	1979	1979	NUM
afbr-73	285	34	)	)	PUNCT
afbr-73	285	35	.	.	PUNCT
afbr-73	286	1	if	if	SCONJ
afbr-73	286	2	we	we	PRON
afbr-73	286	3	decompose	decompose	VERB
afbr-73	286	4	expression	expression	NOUN
afbr-73	286	5	(	(	PUNCT
afbr-73	286	6	51	51	NUM
afbr-73	286	7	)	)	PUNCT
afbr-73	286	8	we	we	PRON
afbr-73	286	9	get	get	VERB
afbr-73	286	10	gk	gk	PROPN
afbr-73	286	11	d	d	PROPN
afbr-73	286	12	gk	gk	PROPN
afbr-73	287	1	gd	gd	PROPN
afbr-73	287	2	p	p	X
afbr-73	287	3	ee	ee	ADP
afbr-73	287	4	o	o	PROPN
afbr-73	287	5			PROPN
afbr-73	287	6			PROPN
afbr-73	287	7			PROPN
afbr-73	287	8			VERB
afbr-73	287	9			NUM
afbr-73	287	10	10	10	NUM
afbr-73	287	11	)	)	PUNCT
afbr-73	287	12	1	1	NUM
afbr-73	287	13	(	(	PUNCT
afbr-73	287	14	(	(	PUNCT
afbr-73	287	15	52	52	NUM
afbr-73	287	16	)	)	PUNCT
afbr-73	287	17	we	we	PRON
afbr-73	287	18	can	can	AUX
afbr-73	287	19	further	far	ADV
afbr-73	287	20	solve	solve	VERB
afbr-73	287	21	for	for	ADP
afbr-73	287	22	ke	ke	NOUN
afbr-73	287	23	in	in	ADP
afbr-73	287	24	(	(	PUNCT
afbr-73	287	25	17.12	17.12	NUM
afbr-73	287	26	)	)	PUNCT
afbr-73	287	27	to	to	PART
afbr-73	287	28	have	have	VERB
afbr-73	287	29	cost	cost	NOUN
afbr-73	287	30	of	of	ADP
afbr-73	287	31	capital	capital	NOUN
afbr-73	287	32	and	and	CCONJ
afbr-73	287	33	corporate	corporate	ADJ
afbr-73	287	34	earning	earning	NOUN
afbr-73	287	35	of	of	ADP
afbr-73	287	36	nigeria	nigeria	PROPN
afbr-73	287	37	quoted	quote	VERB
afbr-73	287	38	firms	firm	NOUN
afbr-73	287	39	:	:	PUNCT
afbr-73	287	40	a	a	DET
afbr-73	287	41	multi	multi	ADJ
afbr-73	287	42	-	-	ADJ
afbr-73	287	43	dimensional	dimensional	ADJ
afbr-73	287	44	analysis	analysis	NOUN
afbr-73	287	45	of	of	ADP
afbr-73	287	46	quoted	quote	VERB
afbr-73	287	47	firms	firm	NOUN
afbr-73	287	48	in	in	ADP
afbr-73	287	49	nigeria	nigeria	PROPN
afbr-73	287	50	lucky	lucky	ADJ
afbr-73	287	51	anyike	anyike	ADP
afbr-73	287	52	lucky	lucky	ADJ
afbr-73	287	53	56	56	NUM
afbr-73	287	54	g	g	NOUN
afbr-73	287	55	p	p	PROPN
afbr-73	287	56	d	d	X
afbr-73	287	57	k	k	X
afbr-73	287	58	o	o	X
afbr-73	287	59	e	e	X
afbr-73	287	60			ADJ
afbr-73	287	61	1	1	NUM
afbr-73	287	62	(	(	PUNCT
afbr-73	287	63	53	53	NUM
afbr-73	287	64	)	)	PUNCT
afbr-73	287	65	cost	cost	NOUN
afbr-73	287	66	of	of	ADP
afbr-73	287	67	equity	equity	NOUN
afbr-73	287	68	under	under	ADP
afbr-73	287	69	zero	zero	NUM
afbr-73	287	70	growth	growth	NOUN
afbr-73	287	71	rate	rate	NOUN
afbr-73	287	72	in	in	ADP
afbr-73	287	73	dividend	dividend	NOUN
afbr-73	287	74	for	for	ADP
afbr-73	287	75	a	a	DET
afbr-73	287	76	firm	firm	NOUN
afbr-73	287	77	that	that	PRON
afbr-73	287	78	operates	operate	VERB
afbr-73	287	79	dividend	dividend	NOUN
afbr-73	287	80	policy	policy	NOUN
afbr-73	287	81	of	of	ADP
afbr-73	287	82	100	100	NUM
afbr-73	287	83	%	%	NOUN
afbr-73	287	84	pay	pay	VERB
afbr-73	287	85	-	-	PUNCT
afbr-73	287	86	out	out	ADP
afbr-73	287	87	ratio	ratio	NOUN
afbr-73	287	88	,	,	PUNCT
afbr-73	287	89	i.e.	i.e.	X
afbr-73	287	90	an	an	DET
afbr-73	287	91	all	all	DET
afbr-73	287	92	dividend	dividend	NOUN
afbr-73	287	93	firm	firm	NOUN
afbr-73	287	94	there	there	PRON
afbr-73	287	95	is	be	VERB
afbr-73	287	96	no	no	DET
afbr-73	287	97	expectations	expectation	NOUN
afbr-73	287	98	as	as	ADP
afbr-73	287	99	to	to	AUX
afbr-73	287	100	growth	growth	NOUN
afbr-73	287	101	in	in	ADP
afbr-73	287	102	both	both	DET
afbr-73	287	103	earnings	earning	NOUN
afbr-73	287	104	and	and	CCONJ
afbr-73	287	105	dividends	dividend	NOUN
afbr-73	287	106	,	,	PUNCT
afbr-73	288	1	such	such	ADJ
afbr-73	288	2	that	that	SCONJ
afbr-73	288	3	g	g	NOUN
afbr-73	288	4	=	=	SYM
afbr-73	288	5	0	0	NUM
afbr-73	288	6	,	,	PUNCT
afbr-73	288	7	under	under	ADP
afbr-73	288	8	this	this	DET
afbr-73	288	9	situation	situation	NOUN
afbr-73	288	10	the	the	DET
afbr-73	288	11	cost	cost	NOUN
afbr-73	288	12	of	of	ADP
afbr-73	288	13	equity	equity	NOUN
afbr-73	288	14	will	will	AUX
afbr-73	288	15	be	be	AUX
afbr-73	288	16	given	give	VERB
afbr-73	288	17	as	as	ADP
afbr-73	288	18	;	;	PUNCT
afbr-73	288	19	o	o	PROPN
afbr-73	288	20	e	e	NOUN
afbr-73	288	21	p	p	PROPN
afbr-73	288	22	d	d	X
afbr-73	288	23	k	k	PROPN
afbr-73	288	24			NOUN
afbr-73	288	25	where	where	SCONJ
afbr-73	288	26	g	g	NOUN
afbr-73	288	27	=	=	SYM
afbr-73	288	28	0	0	PROPN
afbr-73	288	29	(	(	PUNCT
afbr-73	288	30	54	54	NUM
afbr-73	288	31	)	)	PUNCT
afbr-73	288	32	upon	upon	SCONJ
afbr-73	288	33	closer	close	ADJ
afbr-73	288	34	observation	observation	NOUN
afbr-73	288	35	on	on	ADP
afbr-73	288	36	expression	expression	NOUN
afbr-73	288	37	(	(	PUNCT
afbr-73	288	38	54	54	NUM
afbr-73	288	39	)	)	PUNCT
afbr-73	288	40	we	we	PRON
afbr-73	288	41	see	see	VERB
afbr-73	288	42	that	that	SCONJ
afbr-73	288	43	the	the	DET
afbr-73	288	44	r.h.s	r.h.s	NOUN
afbr-73	288	45	is	be	AUX
afbr-73	288	46	the	the	DET
afbr-73	288	47	ratio	ratio	NOUN
afbr-73	288	48	of	of	ADP
afbr-73	288	49	dividend	dividend	NOUN
afbr-73	288	50	to	to	ADP
afbr-73	288	51	the	the	DET
afbr-73	288	52	price	price	NOUN
afbr-73	288	53	.	.	PUNCT
afbr-73	289	1	thus	thus	ADV
afbr-73	289	2	,	,	PUNCT
afbr-73	289	3	the	the	DET
afbr-73	289	4	cost	cost	NOUN
afbr-73	289	5	of	of	ADP
afbr-73	289	6	equity	equity	NOUN
afbr-73	289	7	under	under	ADP
afbr-73	289	8	a	a	DET
afbr-73	289	9	100	100	NUM
afbr-73	289	10	%	%	NOUN
afbr-73	289	11	dividend	dividend	NOUN
afbr-73	289	12	payout	payout	NOUN
afbr-73	289	13	ratio	ratio	NOUN
afbr-73	289	14	is	be	AUX
afbr-73	289	15	equal	equal	ADJ
afbr-73	289	16	to	to	ADP
afbr-73	289	17	the	the	DET
afbr-73	289	18	dividend	dividend	NOUN
afbr-73	289	19	-	-	PUNCT
afbr-73	289	20	price	price	NOUN
afbr-73	289	21	ratio	ratio	NOUN
afbr-73	289	22	.	.	PUNCT
afbr-73	290	1	floatation	floatation	NOUN
afbr-73	290	2	cost	cost	NOUN
afbr-73	290	3	in	in	ADP
afbr-73	290	4	equity	equity	NOUN
afbr-73	290	5	issue	issue	NOUN
afbr-73	290	6	the	the	DET
afbr-73	290	7	cost	cost	NOUN
afbr-73	290	8	of	of	ADP
afbr-73	290	9	eternal	eternal	ADJ
afbr-73	290	10	equity	equity	NOUN
afbr-73	290	11	or	or	CCONJ
afbr-73	290	12	new	new	ADJ
afbr-73	290	13	issue	issue	NOUN
afbr-73	290	14	of	of	ADP
afbr-73	290	15	ordinary	ordinary	ADJ
afbr-73	290	16	shares	share	NOUN
afbr-73	290	17	is	be	AUX
afbr-73	290	18	normally	normally	ADV
afbr-73	290	19	adjusted	adjust	VERB
afbr-73	290	20	for	for	ADP
afbr-73	290	21	floatation	floatation	NOUN
afbr-73	290	22	costs	cost	NOUN
afbr-73	290	23	.	.	PUNCT
afbr-73	291	1	like	like	INTJ
afbr-73	291	2	we	we	PRON
afbr-73	291	3	stated	state	VERB
afbr-73	291	4	earlier	early	ADV
afbr-73	291	5	,	,	PUNCT
afbr-73	291	6	floatation	floatation	NOUN
afbr-73	291	7	costs	cost	NOUN
afbr-73	291	8	are	be	AUX
afbr-73	291	9	associated	associate	VERB
afbr-73	291	10	with	with	ADP
afbr-73	291	11	new	new	ADJ
afbr-73	291	12	issue	issue	NOUN
afbr-73	291	13	of	of	ADP
afbr-73	291	14	securities	security	NOUN
afbr-73	291	15	.	.	PUNCT
afbr-73	292	1	floatation	floatation	NOUN
afbr-73	292	2	costs	cost	NOUN
afbr-73	292	3	have	have	VERB
afbr-73	292	4	a	a	DET
afbr-73	292	5	way	way	NOUN
afbr-73	292	6	of	of	ADP
afbr-73	292	7	restricting	restrict	VERB
afbr-73	292	8	the	the	DET
afbr-73	292	9	company	company	NOUN
afbr-73	292	10	from	from	ADP
afbr-73	292	11	realizing	realize	VERB
afbr-73	292	12	the	the	DET
afbr-73	292	13	full	full	ADJ
afbr-73	292	14	market	market	NOUN
afbr-73	292	15	value	value	NOUN
afbr-73	292	16	per	per	ADP
afbr-73	292	17	share	share	NOUN
afbr-73	292	18	.	.	PUNCT
afbr-73	293	1	thus	thus	ADV
afbr-73	293	2	,	,	PUNCT
afbr-73	293	3	the	the	DET
afbr-73	293	4	company	company	NOUN
afbr-73	293	5	must	must	AUX
afbr-73	293	6	relinquish	relinquish	VERB
afbr-73	293	7	a	a	DET
afbr-73	293	8	part	part	NOUN
afbr-73	293	9	of	of	ADP
afbr-73	293	10	the	the	DET
afbr-73	293	11	share	share	NOUN
afbr-73	293	12	price	price	NOUN
afbr-73	293	13	as	as	ADP
afbr-73	293	14	floatation	floatation	NOUN
afbr-73	293	15	costs	cost	NOUN
afbr-73	293	16	(	(	PUNCT
afbr-73	293	17	ezirim	ezirim	NOUN
afbr-73	293	18	,	,	PUNCT
afbr-73	293	19	2005	2005	NUM
afbr-73	293	20	)	)	PUNCT
afbr-73	293	21	.	.	PUNCT
afbr-73	294	1	thus	thus	ADV
afbr-73	294	2	,	,	PUNCT
afbr-73	294	3	if	if	SCONJ
afbr-73	294	4	we	we	PRON
afbr-73	294	5	denote	denote	VERB
afbr-73	294	6	this	this	DET
afbr-73	294	7	fraction	fraction	NOUN
afbr-73	294	8	of	of	ADP
afbr-73	294	9	the	the	DET
afbr-73	294	10	share	share	NOUN
afbr-73	294	11	price	price	NOUN
afbr-73	294	12	as	as	ADP
afbr-73	294	13	f	f	PROPN
afbr-73	294	14	,	,	PUNCT
afbr-73	294	15	then	then	ADV
afbr-73	294	16	the	the	DET
afbr-73	294	17	cost	cost	NOUN
afbr-73	294	18	of	of	ADP
afbr-73	294	19	new	new	ADJ
afbr-73	294	20	issue	issue	NOUN
afbr-73	294	21	of	of	ADP
afbr-73	294	22	equity	equity	NOUN
afbr-73	294	23	share	share	NOUN
afbr-73	294	24	will	will	AUX
afbr-73	294	25	be	be	AUX
afbr-73	294	26	given	give	VERB
afbr-73	294	27	by	by	ADP
afbr-73	294	28	g	g	PROPN
afbr-73	294	29	fp	fp	PROPN
afbr-73	294	30	d	d	PROPN
afbr-73	294	31	k	k	PROPN
afbr-73	294	32	o	o	X
afbr-73	294	33	e	e	X
afbr-73	294	34			ADV
afbr-73	294	35			PROPN
afbr-73	294	36			NUM
afbr-73	294	37	)	)	PUNCT
afbr-73	294	38	1	1	NUM
afbr-73	294	39	(	(	PUNCT
afbr-73	294	40	1	1	NUM
afbr-73	294	41	(	(	PUNCT
afbr-73	294	42	55	55	NUM
afbr-73	294	43	)	)	PUNCT
afbr-73	294	44	using	use	VERB
afbr-73	294	45	the	the	DET
afbr-73	294	46	earnings	earning	NOUN
afbr-73	294	47	model	model	NOUN
afbr-73	294	48	the	the	DET
afbr-73	294	49	cost	cost	NOUN
afbr-73	294	50	of	of	ADP
afbr-73	294	51	equity	equity	NOUN
afbr-73	294	52	can	can	AUX
afbr-73	294	53	be	be	AUX
afbr-73	294	54	computed	compute	VERB
afbr-73	294	55	using	use	VERB
afbr-73	294	56	the	the	DET
afbr-73	294	57	earnings	earning	NOUN
afbr-73	294	58	model	model	NOUN
afbr-73	294	59	.	.	PUNCT
afbr-73	295	1	in	in	ADP
afbr-73	295	2	this	this	DET
afbr-73	295	3	model	model	NOUN
afbr-73	295	4	the	the	DET
afbr-73	295	5	cost	cost	NOUN
afbr-73	295	6	of	of	ADP
afbr-73	295	7	equity	equity	NOUN
afbr-73	295	8	can	can	AUX
afbr-73	295	9	be	be	AUX
afbr-73	295	10	derived	derive	VERB
afbr-73	295	11	as	as	ADP
afbr-73	295	12	the	the	DET
afbr-73	295	13	earnings	earning	NOUN
afbr-73	295	14	per	per	ADP
afbr-73	295	15	share	share	NOUN
afbr-73	295	16	to	to	ADP
afbr-73	295	17	the	the	DET
afbr-73	295	18	current	current	ADJ
afbr-73	295	19	market	market	NOUN
afbr-73	295	20	price	price	NOUN
afbr-73	295	21	per	per	ADP
afbr-73	295	22	share	share	NOUN
afbr-73	295	23	.	.	PUNCT
afbr-73	296	1	thus	thus	ADV
afbr-73	296	2	,	,	PUNCT
afbr-73	296	3	o	o	PROPN
afbr-73	296	4	e	e	NOUN
afbr-73	296	5	p	p	PROPN
afbr-73	296	6	e	e	PROPN
afbr-73	296	7	k	k	PROPN
afbr-73	296	8	1	1	PROPN
afbr-73	296	9	(	(	PUNCT
afbr-73	296	10	56	56	NUM
afbr-73	296	11	)	)	PUNCT
afbr-73	296	12	retained	retain	VERB
afbr-73	296	13	earnings	earning	NOUN
afbr-73	296	14	the	the	DET
afbr-73	296	15	cost	cost	NOUN
afbr-73	296	16	of	of	ADP
afbr-73	296	17	retained	retain	VERB
afbr-73	296	18	earnings	earning	NOUN
afbr-73	296	19	is	be	AUX
afbr-73	296	20	given	give	VERB
afbr-73	296	21	by	by	ADP
afbr-73	296	22	the	the	DET
afbr-73	296	23	same	same	ADJ
afbr-73	296	24	formula	formula	NOUN
afbr-73	296	25	as	as	ADP
afbr-73	296	26	in	in	ADP
afbr-73	296	27	expression	expression	NOUN
afbr-73	296	28	(	(	PUNCT
afbr-73	296	29	56	56	NUM
afbr-73	296	30	)	)	PUNCT
afbr-73	296	31	since	since	SCONJ
afbr-73	296	32	it	it	PRON
afbr-73	296	33	is	be	AUX
afbr-73	296	34	the	the	DET
afbr-73	296	35	expected	expect	VERB
afbr-73	296	36	return	return	NOUN
afbr-73	296	37	by	by	ADP
afbr-73	296	38	the	the	DET
afbr-73	296	39	ordinary	ordinary	ADJ
afbr-73	296	40	shareholders	shareholder	NOUN
afbr-73	296	41	on	on	ADP
afbr-73	296	42	their	their	PRON
afbr-73	296	43	investment	investment	NOUN
afbr-73	296	44	.	.	PUNCT
afbr-73	297	1	thus	thus	ADV
afbr-73	297	2	,	,	PUNCT
afbr-73	297	3	g	g	PROPN
afbr-73	297	4	p	p	PROPN
afbr-73	297	5	d	d	X
afbr-73	297	6	k	k	X
afbr-73	297	7	o	o	X
afbr-73	297	8	r	r	NOUN
afbr-73	297	9			ADJ
afbr-73	297	10	(	(	PUNCT
afbr-73	297	11	57	57	NUM
afbr-73	297	12	)	)	PUNCT
afbr-73	297	13	from	from	ADP
afbr-73	297	14	the	the	DET
afbr-73	297	15	above	above	NOUN
afbr-73	297	16	,	,	PUNCT
afbr-73	297	17	it	it	PRON
afbr-73	297	18	seems	seem	VERB
afbr-73	297	19	that	that	SCONJ
afbr-73	297	20	ke	ke	NOUN
afbr-73	297	21	is	be	AUX
afbr-73	297	22	equal	equal	ADJ
afbr-73	297	23	to	to	ADP
afbr-73	297	24	kr	kr	PROPN
afbr-73	297	25	.	.	PUNCT
afbr-73	298	1	this	this	PRON
afbr-73	298	2	can	can	AUX
afbr-73	298	3	only	only	ADV
afbr-73	298	4	be	be	AUX
afbr-73	298	5	true	true	ADJ
afbr-73	298	6	if	if	SCONJ
afbr-73	298	7	there	there	PRON
afbr-73	298	8	is	be	VERB
afbr-73	298	9	no	no	DET
afbr-73	298	10	withholding	withholding	NOUN
afbr-73	298	11	tax	tax	NOUN
afbr-73	298	12	on	on	ADP
afbr-73	298	13	dividend	dividend	NOUN
afbr-73	298	14	,	,	PUNCT
afbr-73	298	15	personal	personal	ADJ
afbr-73	298	16	tax	tax	NOUN
afbr-73	298	17	,	,	PUNCT
afbr-73	298	18	brokerage	brokerage	NOUN
afbr-73	298	19	,	,	PUNCT
afbr-73	298	20	costs	cost	NOUN
afbr-73	298	21	,	,	PUNCT
afbr-73	298	22	and	and	CCONJ
afbr-73	298	23	floatation	floatation	NOUN
afbr-73	298	24	costs	cost	NOUN
afbr-73	298	25	of	of	ADP
afbr-73	298	26	new	new	ADJ
afbr-73	298	27	issues	issue	NOUN
afbr-73	298	28	.	.	PUNCT
afbr-73	299	1	adjusting	adjust	VERB
afbr-73	299	2	for	for	ADP
afbr-73	299	3	all	all	DET
afbr-73	299	4	these	these	PRON
afbr-73	299	5	,	,	PUNCT
afbr-73	299	6	we	we	PRON
afbr-73	299	7	can	can	AUX
afbr-73	299	8	use	use	VERB
afbr-73	299	9	expression	expression	NOUN
afbr-73	299	10	(	(	PUNCT
afbr-73	299	11	57	57	NUM
afbr-73	299	12	)	)	PUNCT
afbr-73	299	13	below	below	ADP
afbr-73	299	14	to	to	PART
afbr-73	299	15	compute	compute	VERB
afbr-73	299	16	cost	cost	NOUN
afbr-73	299	17	of	of	ADP
afbr-73	299	18	retention	retention	NOUN
afbr-73	299	19	.	.	PUNCT
afbr-73	300	1	kr	kr	NOUN
afbr-73	300	2	:	:	PUNCT
afbr-73	300	3	kr	kr	PROPN
afbr-73	300	4	=	=	PUNCT
afbr-73	300	5	ke(1	ke(1	PROPN
afbr-73	300	6	-	-	PUNCT
afbr-73	300	7	tp)(1	tp)(1	NOUN
afbr-73	300	8	-	-	PUNCT
afbr-73	300	9	b	b	NOUN
afbr-73	300	10	)	)	PUNCT
afbr-73	300	11	(	(	PUNCT
afbr-73	300	12	58	58	NUM
afbr-73	300	13	)	)	PUNCT
afbr-73	300	14	where	where	SCONJ
afbr-73	300	15	kr	kr	PROPN
afbr-73	300	16	=	=	NOUN
afbr-73	300	17	required	require	VERB
afbr-73	300	18	rate	rate	NOUN
afbr-73	300	19	of	of	ADP
afbr-73	300	20	return	return	NOUN
afbr-73	300	21	on	on	ADP
afbr-73	300	22	retained	retain	VERB
afbr-73	300	23	earnings	earning	NOUN
afbr-73	300	24	ke	ke	NOUN
afbr-73	300	25	=	=	PUNCT
afbr-73	300	26	shareholders	shareholder	NOUN
afbr-73	300	27	required	require	VERB
afbr-73	300	28	rate	rate	NOUN
afbr-73	300	29	of	of	ADP
afbr-73	300	30	return	return	NOUN
afbr-73	300	31	cost	cost	NOUN
afbr-73	300	32	of	of	ADP
afbr-73	300	33	capital	capital	NOUN
afbr-73	300	34	and	and	CCONJ
afbr-73	300	35	corporate	corporate	ADJ
afbr-73	300	36	earning	earning	NOUN
afbr-73	300	37	of	of	ADP
afbr-73	300	38	nigeria	nigeria	PROPN
afbr-73	300	39	quoted	quote	VERB
afbr-73	300	40	firms	firm	NOUN
afbr-73	300	41	:	:	PUNCT
afbr-73	300	42	a	a	DET
afbr-73	300	43	multi	multi	ADJ
afbr-73	300	44	-	-	ADJ
afbr-73	300	45	dimensional	dimensional	ADJ
afbr-73	300	46	analysis	analysis	NOUN
afbr-73	300	47	of	of	ADP
afbr-73	300	48	quoted	quote	VERB
afbr-73	300	49	firms	firm	NOUN
afbr-73	300	50	in	in	ADP
afbr-73	300	51	nigeria	nigeria	PROPN
afbr-73	300	52	lucky	lucky	ADJ
afbr-73	300	53	anyike	anyike	ADP
afbr-73	300	54	lucky	lucky	ADJ
afbr-73	300	55	57	57	NUM
afbr-73	300	56	tp	tp	NOUN
afbr-73	300	57	=	=	PUNCT
afbr-73	300	58	personal	personal	ADJ
afbr-73	300	59	tax	tax	NOUN
afbr-73	300	60	rate	rate	NOUN
afbr-73	300	61	of	of	ADP
afbr-73	300	62	shareholders	shareholders	PROPN
afbr-73	300	63	b	b	PROPN
afbr-73	300	64	=	=	NOUN
afbr-73	300	65	percentage	percentage	NOUN
afbr-73	300	66	brokerage	brokerage	NOUN
afbr-73	300	67	cost	cost	NOUN
afbr-73	300	68	.	.	PUNCT
afbr-73	301	1	convertible	convertible	ADJ
afbr-73	301	2	securities	security	NOUN
afbr-73	301	3	a	a	DET
afbr-73	301	4	convertible	convertible	ADJ
afbr-73	301	5	security	security	NOUN
afbr-73	301	6	is	be	AUX
afbr-73	301	7	used	use	VERB
afbr-73	301	8	to	to	PART
afbr-73	301	9	describe	describe	VERB
afbr-73	301	10	a	a	DET
afbr-73	301	11	bond	bond	NOUN
afbr-73	301	12	,	,	PUNCT
afbr-73	301	13	debenture	debenture	NOUN
afbr-73	301	14	or	or	CCONJ
afbr-73	301	15	preference	preference	NOUN
afbr-73	301	16	share	share	NOUN
afbr-73	301	17	,	,	PUNCT
afbr-73	301	18	usually	usually	ADV
afbr-73	301	19	unsecured	unsecured	ADJ
afbr-73	301	20	,	,	PUNCT
afbr-73	301	21	that	that	PRON
afbr-73	301	22	has	have	VERB
afbr-73	301	23	the	the	DET
afbr-73	301	24	element	element	NOUN
afbr-73	301	25	of	of	ADP
afbr-73	301	26	being	be	AUX
afbr-73	301	27	converted	convert	VERB
afbr-73	301	28	into	into	ADP
afbr-73	301	29	equally	equally	ADV
afbr-73	301	30	after	after	ADP
afbr-73	301	31	an	an	DET
afbr-73	301	32	agreed	agree	VERB
afbr-73	301	33	time	time	NOUN
afbr-73	301	34	at	at	ADP
afbr-73	301	35	a	a	DET
afbr-73	301	36	specified	specified	ADJ
afbr-73	301	37	price	price	NOUN
afbr-73	301	38	or	or	CCONJ
afbr-73	301	39	at	at	ADP
afbr-73	301	40	the	the	DET
afbr-73	301	41	ruling	rule	VERB
afbr-73	301	42	market	market	NOUN
afbr-73	301	43	price	price	NOUN
afbr-73	301	44	at	at	ADP
afbr-73	301	45	the	the	DET
afbr-73	301	46	time	time	NOUN
afbr-73	301	47	of	of	ADP
afbr-73	301	48	such	such	ADJ
afbr-73	301	49	conversion	conversion	NOUN
afbr-73	301	50	.	.	PUNCT
afbr-73	302	1	it	it	PRON
afbr-73	302	2	can	can	AUX
afbr-73	302	3	be	be	AUX
afbr-73	302	4	termed	term	VERB
afbr-73	302	5	equity	equity	NOUN
afbr-73	302	6	deferred	defer	VERB
afbr-73	302	7	.	.	PUNCT
afbr-73	303	1	the	the	DET
afbr-73	303	2	expected	expect	VERB
afbr-73	303	3	stream	stream	NOUN
afbr-73	303	4	of	of	ADP
afbr-73	303	5	receipts	receipt	NOUN
afbr-73	303	6	from	from	ADP
afbr-73	303	7	a	a	DET
afbr-73	303	8	convertible	convertible	ADJ
afbr-73	303	9	security	security	NOUN
afbr-73	303	10	includes	include	VERB
afbr-73	303	11	the	the	DET
afbr-73	303	12	relevant	relevant	ADJ
afbr-73	303	13	interest	interest	NOUN
afbr-73	303	14	or	or	CCONJ
afbr-73	303	15	preference	preference	NOUN
afbr-73	303	16	dividend	dividend	NOUN
afbr-73	303	17	and	and	CCONJ
afbr-73	303	18	the	the	DET
afbr-73	303	19	expected	expect	VERB
afbr-73	303	20	conversion	conversion	NOUN
afbr-73	303	21	price	price	NOUN
afbr-73	303	22	(	(	PUNCT
afbr-73	303	23	ezirim	ezirim	NOUN
afbr-73	303	24	,	,	PUNCT
afbr-73	303	25	2005	2005	NUM
afbr-73	303	26	)	)	PUNCT
afbr-73	303	27	.	.	PUNCT
afbr-73	304	1	the	the	DET
afbr-73	304	2	expected	expect	VERB
afbr-73	304	3	conversion	conversion	NOUN
afbr-73	304	4	price	price	NOUN
afbr-73	304	5	it	it	PRON
afbr-73	304	6	has	have	AUX
afbr-73	304	7	been	be	AUX
afbr-73	304	8	argued	argue	VERB
afbr-73	304	9	,	,	PUNCT
afbr-73	304	10	relates	relate	VERB
afbr-73	304	11	to	to	ADP
afbr-73	304	12	the	the	DET
afbr-73	304	13	expected	expect	VERB
afbr-73	304	14	future	future	ADJ
afbr-73	304	15	market	market	NOUN
afbr-73	304	16	price	price	NOUN
afbr-73	304	17	per	per	ADP
afbr-73	304	18	equity	equity	NOUN
afbr-73	304	19	share	share	NOUN
afbr-73	304	20	at	at	ADP
afbr-73	304	21	some	some	DET
afbr-73	304	22	future	future	ADJ
afbr-73	304	23	date	date	NOUN
afbr-73	304	24	,	,	PUNCT
afbr-73	304	25	multiplied	multiply	VERB
afbr-73	304	26	by	by	ADP
afbr-73	304	27	the	the	DET
afbr-73	304	28	number	number	NOUN
afbr-73	304	29	of	of	ADP
afbr-73	304	30	common	common	ADJ
afbr-73	304	31	shares	share	NOUN
afbr-73	304	32	into	into	ADP
afbr-73	304	33	which	which	PRON
afbr-73	304	34	the	the	DET
afbr-73	304	35	security	security	NOUN
afbr-73	304	36	should	should	AUX
afbr-73	304	37	be	be	AUX
afbr-73	304	38	the	the	DET
afbr-73	304	39	discount	discount	NOUN
afbr-73	304	40	rate	rate	NOUN
afbr-73	304	41	that	that	PRON
afbr-73	304	42	equates	equate	VERB
afbr-73	304	43	the	the	DET
afbr-73	304	44	after	after	ADP
afbr-73	304	45	-	-	PUNCT
afbr-73	304	46	tax	tax	NOUN
afbr-73	304	47	interest	interest	NOUN
afbr-73	304	48	(	(	PUNCT
afbr-73	304	49	or	or	CCONJ
afbr-73	304	50	preference	preference	NOUN
afbr-73	304	51	dividend	dividend	NOUN
afbr-73	304	52	)	)	PUNCT
afbr-73	304	53	plus	plus	CCONJ
afbr-73	304	54	the	the	DET
afbr-73	304	55	expected	expect	VERB
afbr-73	304	56	conversion	conversion	NOUN
afbr-73	304	57	price	price	NOUN
afbr-73	304	58	with	with	ADP
afbr-73	304	59	the	the	DET
afbr-73	304	60	issue	issue	NOUN
afbr-73	304	61	price	price	NOUN
afbr-73	304	62	of	of	ADP
afbr-73	304	63	the	the	DET
afbr-73	304	64	convertible	convertible	ADJ
afbr-73	304	65	security	security	NOUN
afbr-73	304	66	(	(	PUNCT
afbr-73	304	67	pandey	pandey	PROPN
afbr-73	304	68	,	,	PUNCT
afbr-73	304	69	2005	2005	NUM
afbr-73	304	70	)	)	PUNCT
afbr-73	304	71	the	the	DET
afbr-73	304	72	cost	cost	NOUN
afbr-73	304	73	can	can	AUX
afbr-73	304	74	be	be	AUX
afbr-73	304	75	found	find	VERB
afbr-73	304	76	using	use	VERB
afbr-73	304	77	expression	expression	NOUN
afbr-73	304	78	below	below	ADV
afbr-73	304	79	.	.	PUNCT
afbr-73	305	1	n	n	CCONJ
afbr-73	305	2	e	e	PROPN
afbr-73	305	3	n	n	CCONJ
afbr-73	305	4	n	n	PROPN
afbr-73	305	5	t	t	NOUN
afbr-73	305	6	t	t	X
afbr-73	305	7	e	e	X
afbr-73	305	8	c	c	PROPN
afbr-73	305	9	k	k	PROPN
afbr-73	305	10	c	c	PROPN
afbr-73	305	11	k	k	PROPN
afbr-73	305	12	ti	ti	PROPN
afbr-73	305	13	v	v	NOUN
afbr-73	305	14	)	)	PUNCT
afbr-73	305	15	1()1	1()1	NUM
afbr-73	305	16	(	(	PUNCT
afbr-73	305	17	)	)	PUNCT
afbr-73	305	18	1	1	NUM
afbr-73	305	19	(	(	PUNCT
afbr-73	305	20	1	1	NUM
afbr-73	305	21			ADV
afbr-73	305	22			ADV
afbr-73	305	23			PUNCT
afbr-73	305	24			PROPN
afbr-73	305	25			PROPN
afbr-73	305	26			NUM
afbr-73	305	27	(	(	PUNCT
afbr-73	305	28	59	59	NUM
afbr-73	305	29	)	)	PUNCT
afbr-73	305	30	where	where	SCONJ
afbr-73	305	31	vc	vc	NOUN
afbr-73	305	32	=	=	PUNCT
afbr-73	305	33	issue	issue	NOUN
afbr-73	305	34	price	price	NOUN
afbr-73	305	35	of	of	ADP
afbr-73	305	36	convertible	convertible	ADJ
afbr-73	305	37	bond	bond	NOUN
afbr-73	305	38	at	at	ADP
afbr-73	305	39	time	time	NOUN
afbr-73	305	40	0	0	NUM
afbr-73	305	41	.	.	PUNCT
afbr-73	306	1	i	i	PRON
afbr-73	306	2	=	=	SYM
afbr-73	306	3	annual	annual	ADJ
afbr-73	306	4	interest	interest	NOUN
afbr-73	306	5	payments	payment	NOUN
afbr-73	306	6	t	t	NOUN
afbr-73	306	7	=	=	PUNCT
afbr-73	306	8	corporate	corporate	ADJ
afbr-73	306	9	tax	tax	NOUN
afbr-73	306	10	rate	rate	NOUN
afbr-73	306	11	n	n	NOUN
afbr-73	306	12	=	=	NUM
afbr-73	306	13	time	time	NOUN
afbr-73	306	14	horizon	horizon	NOUN
afbr-73	306	15	for	for	ADP
afbr-73	306	16	conversion	conversion	NOUN
afbr-73	306	17	price	price	NOUN
afbr-73	306	18	at	at	ADP
afbr-73	306	19	the	the	DET
afbr-73	306	20	end	end	NOUN
afbr-73	306	21	of	of	ADP
afbr-73	306	22	the	the	DET
afbr-73	306	23	nth	nth	NOUN
afbr-73	306	24	period	period	NOUN
afbr-73	306	25	cn	cn	PROPN
afbr-73	307	1	=	=	PUNCT
afbr-73	307	2	expected	expect	VERB
afbr-73	307	3	conversion	conversion	NOUN
afbr-73	307	4	price	price	NOUN
afbr-73	307	5	if	if	SCONJ
afbr-73	307	6	the	the	DET
afbr-73	307	7	security	security	NOUN
afbr-73	307	8	is	be	AUX
afbr-73	307	9	preference	preference	NOUN
afbr-73	307	10	capital	capital	NOUN
afbr-73	307	11	,	,	PUNCT
afbr-73	307	12	than	than	SCONJ
afbr-73	307	13	our	our	PRON
afbr-73	307	14	i	i	PROPN
afbr-73	307	15	factor	factor	NOUN
afbr-73	307	16	will	will	AUX
afbr-73	307	17	change	change	VERB
afbr-73	307	18	to	to	ADP
afbr-73	307	19	dp	dp	NOUN
afbr-73	307	20	and	and	CCONJ
afbr-73	307	21	the	the	DET
afbr-73	307	22	tax	tax	NOUN
afbr-73	307	23	factor	factor	NOUN
afbr-73	307	24	(	(	PUNCT
afbr-73	307	25	1	1	NUM
afbr-73	307	26	-	-	PUNCT
afbr-73	307	27	t	t	NOUN
afbr-73	307	28	)	)	PUNCT
afbr-73	307	29	will	will	AUX
afbr-73	307	30	disappear	disappear	VERB
afbr-73	307	31	to	to	PART
afbr-73	307	32	have	have	VERB
afbr-73	307	33	.	.	PUNCT
afbr-73	308	1	vc	vc	PROPN
afbr-73	308	2	n	n	ADP
afbr-73	308	3	e	e	PROPN
afbr-73	308	4	n	n	CCONJ
afbr-73	308	5	n	n	PROPN
afbr-73	308	6	t	t	NOUN
afbr-73	308	7	t	t	X
afbr-73	308	8	e	e	X
afbr-73	308	9	p	p	PROPN
afbr-73	308	10	k	k	PROPN
afbr-73	308	11	c	c	PROPN
afbr-73	308	12	k	k	PROPN
afbr-73	308	13	d	d	PROPN
afbr-73	308	14	)	)	PUNCT
afbr-73	308	15	1()1(1	1()1(1	NUM
afbr-73	308	16			PRON
afbr-73	308	17			PUNCT
afbr-73	308	18			PUNCT
afbr-73	308	19			PROPN
afbr-73	308	20			PROPN
afbr-73	308	21	(	(	PUNCT
afbr-73	308	22	60	60	NUM
afbr-73	308	23	)	)	PUNCT
afbr-73	308	24	the	the	DET
afbr-73	308	25	cost	cost	NOUN
afbr-73	308	26	of	of	ADP
afbr-73	308	27	convertible	convertible	ADJ
afbr-73	308	28	security	security	NOUN
afbr-73	308	29	kc	kc	PROPN
afbr-73	308	30	can	can	AUX
afbr-73	308	31	be	be	AUX
afbr-73	308	32	calculated	calculate	VERB
afbr-73	308	33	from	from	ADP
afbr-73	308	34	(	(	PUNCT
afbr-73	308	35	17.19	17.19	NUM
afbr-73	308	36	)	)	PUNCT
afbr-73	308	37	and	and	CCONJ
afbr-73	308	38	(	(	PUNCT
afbr-73	308	39	17	17	NUM
afbr-73	308	40	-	-	SYM
afbr-73	308	41	20	20	NUM
afbr-73	308	42	)	)	PUNCT
afbr-73	308	43	,	,	PUNCT
afbr-73	308	44	as	as	ADP
afbr-73	308	45	applicable	applicable	ADJ
afbr-73	308	46	,	,	PUNCT
afbr-73	308	47	using	use	VERB
afbr-73	308	48	the	the	DET
afbr-73	308	49	trial	trial	NOUN
afbr-73	308	50	and	and	CCONJ
afbr-73	308	51	error	error	NOUN
afbr-73	308	52	method	method	NOUN
afbr-73	308	53	.	.	PUNCT
afbr-73	309	1	empirical	empirical	ADJ
afbr-73	309	2	review	review	NOUN
afbr-73	309	3	anyamaobi	anyamaobi	NOUN
afbr-73	309	4	and	and	CCONJ
afbr-73	309	5	lucky	lucky	ADJ
afbr-73	309	6	(	(	PUNCT
afbr-73	309	7	2017	2017	NUM
afbr-73	309	8	)	)	PUNCT
afbr-73	309	9	examined	examine	VERB
afbr-73	309	10	corporate	corporate	ADJ
afbr-73	309	11	characteristics	characteristic	NOUN
afbr-73	309	12	and	and	CCONJ
afbr-73	309	13	value	value	NOUN
afbr-73	309	14	creation	creation	NOUN
afbr-73	309	15	of	of	ADP
afbr-73	309	16	quoted	quote	VERB
afbr-73	309	17	manufacturing	manufacturing	NOUN
afbr-73	309	18	firms	firm	NOUN
afbr-73	309	19	in	in	ADP
afbr-73	309	20	nigeria	nigeria	PROPN
afbr-73	309	21	.	.	PUNCT
afbr-73	310	1	the	the	DET
afbr-73	310	2	objective	objective	NOUN
afbr-73	310	3	was	be	AUX
afbr-73	310	4	to	to	PART
afbr-73	310	5	examine	examine	VERB
afbr-73	310	6	if	if	SCONJ
afbr-73	310	7	factors	factor	NOUN
afbr-73	310	8	within	within	ADP
afbr-73	310	9	the	the	DET
afbr-73	310	10	control	control	NOUN
afbr-73	310	11	of	of	ADP
afbr-73	310	12	management	management	NOUN
afbr-73	310	13	affects	affect	VERB
afbr-73	310	14	corporate	corporate	ADJ
afbr-73	310	15	value	value	NOUN
afbr-73	310	16	.	.	PUNCT
afbr-73	311	1	cross	cross	PROPN
afbr-73	311	2	sectional	sectional	ADJ
afbr-73	311	3	data	datum	NOUN
afbr-73	311	4	was	be	AUX
afbr-73	311	5	sourced	source	VERB
afbr-73	311	6	from	from	ADP
afbr-73	311	7	financial	financial	ADJ
afbr-73	311	8	statement	statement	NOUN
afbr-73	311	9	of	of	ADP
afbr-73	311	10	twenty	twenty	NUM
afbr-73	311	11	quoted	quote	VERB
afbr-73	311	12	manufacturing	manufacturing	NOUN
afbr-73	311	13	firms	firm	NOUN
afbr-73	311	14	.	.	PUNCT
afbr-73	312	1	market	market	NOUN
afbr-73	312	2	value	value	NOUN
afbr-73	312	3	was	be	AUX
afbr-73	312	4	proxy	proxy	ADJ
afbr-73	312	5	for	for	ADP
afbr-73	312	6	dependent	dependent	ADJ
afbr-73	312	7	variable	variable	NOUN
afbr-73	312	8	while	while	SCONJ
afbr-73	312	9	asset	asset	NOUN
afbr-73	312	10	tangibility	tangibility	NOUN
afbr-73	312	11	,	,	PUNCT
afbr-73	312	12	return	return	VERB
afbr-73	312	13	on	on	ADP
afbr-73	312	14	investment	investment	NOUN
afbr-73	312	15	,	,	PUNCT
afbr-73	312	16	risk	risk	NOUN
afbr-73	312	17	,	,	PUNCT
afbr-73	312	18	liquidity	liquidity	NOUN
afbr-73	312	19	,	,	PUNCT
afbr-73	312	20	firm	firm	ADJ
afbr-73	312	21	size	size	NOUN
afbr-73	312	22	,	,	PUNCT
afbr-73	312	23	debt	debt	NOUN
afbr-73	312	24	equity	equity	NOUN
afbr-73	312	25	ratio	ratio	NOUN
afbr-73	312	26	,	,	PUNCT
afbr-73	312	27	dividend	dividend	VERB
afbr-73	312	28	payout	payout	NOUN
afbr-73	312	29	ratio	ratio	NOUN
afbr-73	312	30	,	,	PUNCT
afbr-73	312	31	retention	retention	NOUN
afbr-73	312	32	ratio	ratio	NOUN
afbr-73	312	33	,	,	PUNCT
afbr-73	312	34	corporate	corporate	ADJ
afbr-73	312	35	governance	governance	NOUN
afbr-73	312	36	,	,	PUNCT
afbr-73	312	37	management	management	NOUN
afbr-73	312	38	efficiency	efficiency	NOUN
afbr-73	312	39	and	and	CCONJ
afbr-73	312	40	cost	cost	NOUN
afbr-73	312	41	of	of	ADP
afbr-73	312	42	capital	capital	NOUN
afbr-73	312	43	was	be	AUX
afbr-73	312	44	proxy	proxy	ADJ
afbr-73	312	45	for	for	ADP
afbr-73	312	46	independent	independent	ADJ
afbr-73	312	47	variables	variable	NOUN
afbr-73	312	48	.	.	PUNCT
afbr-73	313	1	after	after	ADP
afbr-73	313	2	cross	cross	NOUN
afbr-73	313	3	examination	examination	NOUN
afbr-73	313	4	of	of	ADP
afbr-73	313	5	the	the	DET
afbr-73	313	6	validity	validity	NOUN
afbr-73	313	7	of	of	ADP
afbr-73	313	8	the	the	DET
afbr-73	313	9	pooled	pooled	ADJ
afbr-73	313	10	effect	effect	NOUN
afbr-73	313	11	,	,	PUNCT
afbr-73	313	12	fixed	fix	VERB
afbr-73	313	13	effect	effect	NOUN
afbr-73	313	14	and	and	CCONJ
afbr-73	313	15	the	the	DET
afbr-73	313	16	random	random	ADJ
afbr-73	313	17	effect	effect	NOUN
afbr-73	313	18	,	,	PUNCT
afbr-73	313	19	the	the	DET
afbr-73	313	20	study	study	NOUN
afbr-73	313	21	accepts	accept	VERB
afbr-73	313	22	the	the	DET
afbr-73	313	23	fixed	fixed	ADJ
afbr-73	313	24	effect	effect	NOUN
afbr-73	313	25	model	model	NOUN
afbr-73	313	26	.	.	PUNCT
afbr-73	314	1	findings	finding	NOUN
afbr-73	314	2	reveal	reveal	VERB
afbr-73	314	3	that	that	SCONJ
afbr-73	314	4	assets	asset	NOUN
afbr-73	314	5	tangibility	tangibility	NOUN
afbr-73	314	6	,	,	PUNCT
afbr-73	314	7	return	return	VERB
afbr-73	314	8	on	on	ADP
afbr-73	314	9	investment	investment	NOUN
afbr-73	314	10	,	,	PUNCT
afbr-73	314	11	debt	debt	NOUN
afbr-73	314	12	equity	equity	NOUN
afbr-73	314	13	ratio	ratio	NOUN
afbr-73	314	14	,	,	PUNCT
afbr-73	314	15	retention	retention	NOUN
afbr-73	314	16	ratio	ratio	NOUN
afbr-73	314	17	,	,	PUNCT
afbr-73	314	18	management	management	NOUN
afbr-73	314	19	efficiency	efficiency	NOUN
afbr-73	314	20	and	and	CCONJ
afbr-73	314	21	cost	cost	NOUN
afbr-73	314	22	of	of	ADP
afbr-73	314	23	capital	capital	NOUN
afbr-73	314	24	have	have	VERB
afbr-73	314	25	positive	positive	ADJ
afbr-73	314	26	effect	effect	NOUN
afbr-73	314	27	on	on	ADP
afbr-73	314	28	the	the	DET
afbr-73	314	29	market	market	NOUN
afbr-73	314	30	value	value	NOUN
afbr-73	314	31	of	of	ADP
afbr-73	314	32	the	the	DET
afbr-73	314	33	quoted	quote	VERB
afbr-73	314	34	manufacturing	manufacturing	NOUN
afbr-73	314	35	firms	firm	NOUN
afbr-73	314	36	while	while	SCONJ
afbr-73	314	37	risk	risk	NOUN
afbr-73	314	38	,	,	PUNCT
afbr-73	314	39	liquidity	liquidity	NOUN
afbr-73	314	40	,	,	PUNCT
afbr-73	314	41	firm	firm	ADJ
afbr-73	314	42	size	size	NOUN
afbr-73	314	43	and	and	CCONJ
afbr-73	314	44	corporate	corporate	ADJ
afbr-73	314	45	governance	governance	NOUN
afbr-73	314	46	have	have	VERB
afbr-73	314	47	negative	negative	ADJ
afbr-73	314	48	effect	effect	NOUN
afbr-73	314	49	on	on	ADP
afbr-73	314	50	the	the	DET
afbr-73	314	51	market	market	NOUN
afbr-73	314	52	value	value	NOUN
afbr-73	314	53	.	.	PUNCT
afbr-73	315	1	bitro	bitro	PROPN
afbr-73	315	2	and	and	CCONJ
afbr-73	315	3	john	john	PROPN
afbr-73	315	4	,	,	PUNCT
afbr-73	315	5	(	(	PUNCT
afbr-73	315	6	2001	2001	NUM
afbr-73	315	7	)	)	PUNCT
afbr-73	315	8	aimed	aim	VERB
afbr-73	315	9	at	at	ADP
afbr-73	315	10	finding	find	VERB
afbr-73	315	11	out	out	ADP
afbr-73	315	12	the	the	DET
afbr-73	315	13	effect	effect	NOUN
afbr-73	315	14	of	of	ADP
afbr-73	315	15	growth	growth	NOUN
afbr-73	315	16	opportunities	opportunity	NOUN
afbr-73	315	17	on	on	ADP
afbr-73	315	18	debts	debt	NOUN
afbr-73	315	19	risks	risk	NOUN
afbr-73	315	20	and	and	CCONJ
afbr-73	315	21	cost	cost	NOUN
afbr-73	315	22	which	which	PRON
afbr-73	315	23	will	will	AUX
afbr-73	315	24	lead	lead	VERB
afbr-73	315	25	to	to	ADP
afbr-73	315	26	finding	find	VERB
afbr-73	315	27	a	a	DET
afbr-73	315	28	new	new	ADJ
afbr-73	315	29	debt	debt	NOUN
afbr-73	315	30	cost	cost	NOUN
afbr-73	315	31	and	and	CCONJ
afbr-73	315	32	that	that	SCONJ
afbr-73	315	33	utilizing	utilize	VERB
afbr-73	315	34	the	the	DET
afbr-73	315	35	growth	growth	NOUN
afbr-73	315	36	opportunities	opportunity	NOUN
afbr-73	315	37	well	well	ADV
afbr-73	315	38	lead	lead	VERB
afbr-73	315	39	to	to	ADP
afbr-73	315	40	overcoming	overcome	VERB
afbr-73	315	41	investment	investment	NOUN
afbr-73	315	42	problem	problem	NOUN
afbr-73	315	43	partially	partially	ADV
afbr-73	315	44	.	.	PUNCT
afbr-73	316	1	the	the	DET
afbr-73	316	2	study	study	NOUN
afbr-73	316	3	also	also	ADV
afbr-73	316	4	indicated	indicate	VERB
afbr-73	316	5	that	that	SCONJ
afbr-73	316	6	high	high	ADJ
afbr-73	316	7	risk	risk	NOUN
afbr-73	316	8	debts	debt	NOUN
afbr-73	316	9	might	might	AUX
afbr-73	316	10	discourage	discourage	VERB
afbr-73	316	11	investment	investment	NOUN
afbr-73	316	12	,	,	PUNCT
afbr-73	316	13	because	because	SCONJ
afbr-73	316	14	cost	cost	NOUN
afbr-73	316	15	of	of	ADP
afbr-73	316	16	capital	capital	NOUN
afbr-73	316	17	and	and	CCONJ
afbr-73	316	18	corporate	corporate	ADJ
afbr-73	316	19	earning	earning	NOUN
afbr-73	316	20	of	of	ADP
afbr-73	316	21	nigeria	nigeria	PROPN
afbr-73	316	22	quoted	quote	VERB
afbr-73	316	23	firms	firm	NOUN
afbr-73	316	24	:	:	PUNCT
afbr-73	316	25	a	a	DET
afbr-73	316	26	multi	multi	ADJ
afbr-73	316	27	-	-	ADJ
afbr-73	316	28	dimensional	dimensional	ADJ
afbr-73	316	29	analysis	analysis	NOUN
afbr-73	316	30	of	of	ADP
afbr-73	316	31	quoted	quote	VERB
afbr-73	316	32	firms	firm	NOUN
afbr-73	316	33	in	in	ADP
afbr-73	316	34	nigeria	nigeria	PROPN
afbr-73	316	35	lucky	lucky	ADJ
afbr-73	316	36	anyike	anyike	ADP
afbr-73	316	37	lucky	lucky	ADJ
afbr-73	316	38	58	58	NUM
afbr-73	317	1	it	it	PRON
afbr-73	317	2	was	be	AUX
afbr-73	317	3	found	find	VERB
afbr-73	317	4	that	that	SCONJ
afbr-73	317	5	the	the	DET
afbr-73	317	6	relationship	relationship	NOUN
afbr-73	317	7	in	in	ADP
afbr-73	317	8	some	some	DET
afbr-73	317	9	companies	company	NOUN
afbr-73	317	10	was	be	AUX
afbr-73	317	11	negative	negative	ADJ
afbr-73	317	12	.	.	PUNCT
afbr-73	318	1	braunstein	braunstein	ADV
afbr-73	318	2	(	(	PUNCT
afbr-73	318	3	2002	2002	NUM
afbr-73	318	4	)	)	PUNCT
afbr-73	318	5	conducted	conduct	VERB
afbr-73	318	6	a	a	DET
afbr-73	318	7	study	study	NOUN
afbr-73	318	8	addressing	address	VERB
afbr-73	318	9	capital	capital	NOUN
afbr-73	318	10	cost	cost	NOUN
afbr-73	318	11	in	in	ADP
afbr-73	318	12	communication	communication	NOUN
afbr-73	318	13	and	and	CCONJ
afbr-73	318	14	facilities	facility	NOUN
afbr-73	318	15	sector	sector	NOUN
afbr-73	318	16	at	at	ADP
afbr-73	318	17	california	california	PROPN
afbr-73	318	18	,	,	PUNCT
afbr-73	318	19	and	and	CCONJ
afbr-73	318	20	studied	study	VERB
afbr-73	318	21	the	the	DET
afbr-73	318	22	relationship	relationship	NOUN
afbr-73	318	23	between	between	ADP
afbr-73	318	24	cost	cost	NOUN
afbr-73	318	25	of	of	ADP
afbr-73	318	26	capital	capital	NOUN
afbr-73	318	27	invested	invest	VERB
afbr-73	318	28	in	in	ADP
afbr-73	318	29	local	local	ADJ
afbr-73	318	30	rural	rural	ADJ
afbr-73	318	31	areas	area	NOUN
afbr-73	318	32	communication	communication	NOUN
afbr-73	318	33	and	and	CCONJ
afbr-73	318	34	expected	expect	VERB
afbr-73	318	35	return	return	NOUN
afbr-73	318	36	.	.	PUNCT
afbr-73	319	1	the	the	DET
afbr-73	319	2	study	study	NOUN
afbr-73	319	3	revealed	reveal	VERB
afbr-73	319	4	that	that	SCONJ
afbr-73	319	5	return	return	NOUN
afbr-73	319	6	on	on	ADP
afbr-73	319	7	owner	owner	NOUN
afbr-73	319	8	's	's	PART
afbr-73	319	9	equity	equity	NOUN
afbr-73	319	10	increased	increase	VERB
afbr-73	319	11	during	during	ADP
afbr-73	319	12	the	the	DET
afbr-73	319	13	study	study	NOUN
afbr-73	319	14	period	period	NOUN
afbr-73	319	15	from	from	ADP
afbr-73	319	16	11.8	11.8	NUM
afbr-73	319	17	%	%	NOUN
afbr-73	319	18	to	to	ADP
afbr-73	319	19	13.4	13.4	NUM
afbr-73	319	20	%	%	NOUN
afbr-73	319	21	and	and	CCONJ
afbr-73	319	22	return	return	VERB
afbr-73	319	23	on	on	ADP
afbr-73	319	24	investment	investment	NOUN
afbr-73	319	25	for	for	ADP
afbr-73	319	26	the	the	DET
afbr-73	319	27	same	same	ADJ
afbr-73	319	28	period	period	NOUN
afbr-73	319	29	increased	increase	VERB
afbr-73	319	30	from	from	ADP
afbr-73	319	31	6.84	6.84	NUM
afbr-73	319	32	%	%	NOUN
afbr-73	319	33	to	to	ADP
afbr-73	319	34	9.11	9.11	NUM
afbr-73	319	35	%	%	NOUN
afbr-73	319	36	.	.	PUNCT
afbr-73	320	1	kareem	kareem	PROPN
afbr-73	320	2	(	(	PUNCT
afbr-73	320	3	2006	2006	NUM
afbr-73	320	4	)	)	PUNCT
afbr-73	320	5	conducted	conduct	VERB
afbr-73	320	6	a	a	DET
afbr-73	320	7	study	study	NOUN
afbr-73	320	8	examining	examine	VERB
afbr-73	320	9	and	and	CCONJ
afbr-73	320	10	assessing	assess	VERB
afbr-73	320	11	the	the	DET
afbr-73	320	12	relationship	relationship	NOUN
afbr-73	320	13	between	between	ADP
afbr-73	320	14	capital	capital	NOUN
afbr-73	320	15	cost	cost	NOUN
afbr-73	320	16	using	use	VERB
afbr-73	320	17	weighted	weight	VERB
afbr-73	320	18	average	average	ADJ
afbr-73	320	19	capital	capital	NOUN
afbr-73	320	20	cost	cost	NOUN
afbr-73	320	21	and	and	CCONJ
afbr-73	320	22	market	market	NOUN
afbr-73	320	23	returns	return	NOUN
afbr-73	320	24	for	for	ADP
afbr-73	320	25	shares	share	NOUN
afbr-73	320	26	as	as	ADV
afbr-73	320	27	well	well	ADV
afbr-73	320	28	as	as	ADP
afbr-73	320	29	identifying	identify	VERB
afbr-73	320	30	type	type	NOUN
afbr-73	320	31	and	and	CCONJ
afbr-73	320	32	nature	nature	NOUN
afbr-73	320	33	of	of	ADP
afbr-73	320	34	the	the	DET
afbr-73	320	35	relationship	relationship	NOUN
afbr-73	320	36	between	between	ADP
afbr-73	320	37	financing	financing	NOUN
afbr-73	320	38	cost	cost	NOUN
afbr-73	320	39	and	and	CCONJ
afbr-73	320	40	market	market	NOUN
afbr-73	320	41	returns	return	NOUN
afbr-73	320	42	for	for	ADP
afbr-73	320	43	shares	share	NOUN
afbr-73	320	44	in	in	ADP
afbr-73	320	45	addition	addition	NOUN
afbr-73	320	46	to	to	ADP
afbr-73	320	47	and	and	CCONJ
afbr-73	320	48	share	share	VERB
afbr-73	320	49	market	market	NOUN
afbr-73	320	50	return	return	NOUN
afbr-73	320	51	,	,	PUNCT
afbr-73	320	52	on	on	ADP
afbr-73	320	53	a	a	DET
afbr-73	320	54	sample	sample	NOUN
afbr-73	320	55	of	of	ADP
afbr-73	320	56	(	(	PUNCT
afbr-73	320	57	37	37	NUM
afbr-73	320	58	)	)	PUNCT
afbr-73	320	59	industrial	industrial	ADJ
afbr-73	320	60	companies	company	NOUN
afbr-73	320	61	for	for	ADP
afbr-73	320	62	the	the	DET
afbr-73	320	63	period	period	NOUN
afbr-73	320	64	1994	1994	NUM
afbr-73	320	65	–	–	PUNCT
afbr-73	320	66	2004	2004	NUM
afbr-73	320	67	.	.	PUNCT
afbr-73	321	1	the	the	DET
afbr-73	321	2	study	study	NOUN
afbr-73	321	3	revealed	reveal	VERB
afbr-73	321	4	a	a	DET
afbr-73	321	5	significant	significant	ADJ
afbr-73	321	6	relationship	relationship	NOUN
afbr-73	321	7	between	between	ADP
afbr-73	321	8	weighted	weight	VERB
afbr-73	321	9	average	average	ADJ
afbr-73	321	10	capital	capital	NOUN
afbr-73	321	11	cost	cost	NOUN
afbr-73	321	12	and	and	CCONJ
afbr-73	321	13	stocks	stock	VERB
afbr-73	321	14	market	market	NOUN
afbr-73	321	15	returns	return	NOUN
afbr-73	321	16	,	,	PUNCT
afbr-73	321	17	where	where	SCONJ
afbr-73	321	18	external	external	ADJ
afbr-73	321	19	(	(	PUNCT
afbr-73	321	20	debt	debt	NOUN
afbr-73	321	21	)	)	PUNCT
afbr-73	321	22	financing	financing	NOUN
afbr-73	321	23	has	have	VERB
afbr-73	321	24	more	more	ADJ
afbr-73	321	25	affection	affection	NOUN
afbr-73	321	26	stocks	stock	NOUN
afbr-73	321	27	market	market	NOUN
afbr-73	321	28	return	return	NOUN
afbr-73	321	29	compared	compare	VERB
afbr-73	321	30	to	to	ADP
afbr-73	321	31	internal	internal	ADJ
afbr-73	321	32	(	(	PUNCT
afbr-73	321	33	owned	own	VERB
afbr-73	321	34	)	)	PUNCT
afbr-73	321	35	financing	financing	NOUN
afbr-73	321	36	.	.	PUNCT
afbr-73	322	1	abdel	abdel	PROPN
afbr-73	322	2	(	(	PUNCT
afbr-73	322	3	2008	2008	NUM
afbr-73	322	4	)	)	PUNCT
afbr-73	322	5	attempted	attempt	VERB
afbr-73	322	6	to	to	PART
afbr-73	322	7	find	find	VERB
afbr-73	322	8	out	out	ADP
afbr-73	322	9	the	the	DET
afbr-73	322	10	effect	effect	NOUN
afbr-73	322	11	of	of	ADP
afbr-73	322	12	financing	finance	VERB
afbr-73	322	13	decision	decision	NOUN
afbr-73	322	14	on	on	ADP
afbr-73	322	15	institutions	institution	NOUN
afbr-73	322	16	'	'	PART
afbr-73	322	17	financial	financial	ADJ
afbr-73	322	18	performance	performance	NOUN
afbr-73	322	19	and	and	CCONJ
afbr-73	322	20	tax	tax	NOUN
afbr-73	322	21	and	and	CCONJ
afbr-73	322	22	financing	financing	NOUN
afbr-73	322	23	cost	cost	NOUN
afbr-73	322	24	effects	effect	NOUN
afbr-73	322	25	.	.	PUNCT
afbr-73	323	1	the	the	DET
afbr-73	323	2	study	study	NOUN
afbr-73	323	3	showed	show	VERB
afbr-73	323	4	that	that	SCONJ
afbr-73	323	5	positive	positive	ADJ
afbr-73	323	6	financial	financial	ADJ
afbr-73	323	7	performance	performance	NOUN
afbr-73	323	8	is	be	AUX
afbr-73	323	9	contingent	contingent	ADJ
afbr-73	323	10	on	on	ADP
afbr-73	323	11	the	the	DET
afbr-73	323	12	institution	institution	NOUN
afbr-73	323	13	ability	ability	NOUN
afbr-73	323	14	in	in	ADP
afbr-73	323	15	forming	form	VERB
afbr-73	323	16	the	the	DET
afbr-73	323	17	optimal	optimal	ADJ
afbr-73	323	18	mix	mix	NOUN
afbr-73	323	19	of	of	ADP
afbr-73	323	20	financial	financial	ADJ
afbr-73	323	21	structure	structure	NOUN
afbr-73	323	22	,	,	PUNCT
afbr-73	323	23	the	the	DET
afbr-73	323	24	extent	extent	NOUN
afbr-73	323	25	to	to	PART
afbr-73	323	26	which	which	PRON
afbr-73	323	27	available	available	ADJ
afbr-73	323	28	financing	financing	NOUN
afbr-73	323	29	resources	resource	NOUN
afbr-73	323	30	are	be	AUX
afbr-73	323	31	used	use	VERB
afbr-73	323	32	in	in	ADP
afbr-73	323	33	a	a	DET
afbr-73	323	34	pace	pace	NOUN
afbr-73	323	35	equal	equal	ADJ
afbr-73	323	36	to	to	ADP
afbr-73	323	37	its	its	PRON
afbr-73	323	38	economic	economic	ADJ
afbr-73	323	39	assets	asset	NOUN
afbr-73	323	40	turnover	turnover	NOUN
afbr-73	323	41	to	to	PART
afbr-73	323	42	assure	assure	VERB
afbr-73	323	43	forming	form	VERB
afbr-73	323	44	a	a	DET
afbr-73	323	45	wealth	wealth	NOUN
afbr-73	323	46	,	,	PUNCT
afbr-73	323	47	and	and	CCONJ
afbr-73	323	48	increasing	increase	VERB
afbr-73	323	49	growth	growth	NOUN
afbr-73	323	50	rate	rate	NOUN
afbr-73	323	51	,	,	PUNCT
afbr-73	323	52	which	which	PRON
afbr-73	323	53	finally	finally	ADV
afbr-73	323	54	results	result	VERB
afbr-73	323	55	in	in	ADP
afbr-73	323	56	maximizing	maximize	VERB
afbr-73	323	57	the	the	DET
afbr-73	323	58	corporation	corporation	NOUN
afbr-73	323	59	value	value	NOUN
afbr-73	323	60	meanwhile	meanwhile	ADV
afbr-73	323	61	financial	financial	ADJ
afbr-73	323	62	structure	structure	NOUN
afbr-73	323	63	is	be	AUX
afbr-73	323	64	considered	consider	VERB
afbr-73	323	65	as	as	ADP
afbr-73	323	66	basic	basic	ADJ
afbr-73	323	67	element	element	NOUN
afbr-73	323	68	in	in	ADP
afbr-73	323	69	assessing	assess	VERB
afbr-73	323	70	and	and	CCONJ
afbr-73	323	71	measuring	measure	VERB
afbr-73	323	72	corporate	corporate	ADJ
afbr-73	323	73	financial	financial	ADJ
afbr-73	323	74	performance	performance	NOUN
afbr-73	323	75	as	as	SCONJ
afbr-73	323	76	it	it	PRON
afbr-73	323	77	is	be	AUX
afbr-73	323	78	difficult	difficult	ADJ
afbr-73	323	79	to	to	PART
afbr-73	323	80	talk	talk	VERB
afbr-73	323	81	about	about	ADP
afbr-73	323	82	an	an	DET
afbr-73	323	83	economic	economic	ADJ
afbr-73	323	84	corporation	corporation	NOUN
afbr-73	323	85	without	without	ADP
afbr-73	323	86	financial	financial	ADJ
afbr-73	323	87	structure	structure	NOUN
afbr-73	323	88	.	.	PUNCT
afbr-73	324	1	p	p	X
afbr-73	324	2	-	-	PUNCT
afbr-73	324	3	eriotis	eriotis	PROPN
afbr-73	324	4	,	,	PUNCT
afbr-73	324	5	frangouli	frangouli	NOUN
afbr-73	324	6	and	and	CCONJ
afbr-73	324	7	ventoura	ventoura	NOUN
afbr-73	324	8	(	(	PUNCT
afbr-73	324	9	2011	2011	NUM
afbr-73	324	10	)	)	PUNCT
afbr-73	324	11	found	find	VERB
afbr-73	324	12	that	that	SCONJ
afbr-73	324	13	firms	firm	NOUN
afbr-73	324	14	financed	finance	VERB
afbr-73	324	15	with	with	ADP
afbr-73	324	16	equity	equity	NOUN
afbr-73	324	17	are	be	AUX
afbr-73	324	18	more	more	ADV
afbr-73	324	19	profitable	profitable	ADJ
afbr-73	324	20	as	as	ADP
afbr-73	324	21	compare	compare	VERB
afbr-73	324	22	to	to	ADP
afbr-73	324	23	those	those	PRON
afbr-73	324	24	financed	finance	VERB
afbr-73	324	25	by	by	ADP
afbr-73	324	26	debt	debt	NOUN
afbr-73	324	27	.	.	PUNCT
afbr-73	325	1	if	if	SCONJ
afbr-73	325	2	debt	debt	NOUN
afbr-73	325	3	amount	amount	NOUN
afbr-73	325	4	is	be	AUX
afbr-73	325	5	high	high	ADJ
afbr-73	325	6	than	than	ADP
afbr-73	325	7	a	a	DET
afbr-73	325	8	part	part	NOUN
afbr-73	325	9	of	of	ADP
afbr-73	325	10	its	its	PRON
afbr-73	325	11	profits	profit	NOUN
afbr-73	325	12	is	be	AUX
afbr-73	325	13	given	give	VERB
afbr-73	325	14	as	as	ADP
afbr-73	325	15	interest	interest	NOUN
afbr-73	325	16	which	which	PRON
afbr-73	325	17	ultimately	ultimately	ADV
afbr-73	325	18	reduces	reduce	VERB
afbr-73	325	19	its	its	PRON
afbr-73	325	20	profits	profit	NOUN
afbr-73	325	21	.	.	PUNCT
afbr-73	326	1	capital	capital	NOUN
afbr-73	326	2	structure	structure	NOUN
afbr-73	326	3	choice	choice	NOUN
afbr-73	326	4	has	have	VERB
afbr-73	326	5	vital	vital	ADJ
afbr-73	326	6	importance	importance	NOUN
afbr-73	326	7	.	.	PUNCT
afbr-73	327	1	debt	debt	NOUN
afbr-73	327	2	to	to	ADP
afbr-73	327	3	equity	equity	NOUN
afbr-73	327	4	ratio	ratio	NOUN
afbr-73	327	5	is	be	AUX
afbr-73	327	6	used	use	VERB
afbr-73	327	7	in	in	ADP
afbr-73	327	8	order	order	NOUN
afbr-73	327	9	to	to	PART
afbr-73	327	10	examine	examine	VERB
afbr-73	327	11	its	its	PRON
afbr-73	327	12	impact	impact	NOUN
afbr-73	327	13	on	on	ADP
afbr-73	327	14	firm	firm	NOUN
afbr-73	327	15	’s	’s	PART
afbr-73	327	16	profitability	profitability	NOUN
afbr-73	327	17	.	.	PUNCT
afbr-73	328	1	fixed	fix	VERB
afbr-73	328	2	effect	effect	NOUN
afbr-73	328	3	model	model	NOUN
afbr-73	328	4	and	and	CCONJ
afbr-73	328	5	random	random	ADJ
afbr-73	328	6	effect	effect	NOUN
afbr-73	328	7	model	model	NOUN
afbr-73	328	8	are	be	AUX
afbr-73	328	9	used	use	VERB
afbr-73	328	10	.	.	PUNCT
afbr-73	329	1	it	it	PRON
afbr-73	329	2	is	be	AUX
afbr-73	329	3	analyzed	analyze	VERB
afbr-73	329	4	that	that	SCONJ
afbr-73	329	5	debt	debt	NOUN
afbr-73	329	6	negatively	negatively	ADV
afbr-73	329	7	impacts	impact	VERB
afbr-73	329	8	a	a	DET
afbr-73	329	9	firm	firm	NOUN
afbr-73	329	10	’s	’s	PART
afbr-73	329	11	profitability	profitability	NOUN
afbr-73	329	12	because	because	SCONJ
afbr-73	329	13	mostly	mostly	ADV
afbr-73	329	14	the	the	DET
afbr-73	329	15	cost	cost	NOUN
afbr-73	329	16	of	of	ADP
afbr-73	329	17	debt	debt	NOUN
afbr-73	329	18	is	be	AUX
afbr-73	329	19	high	high	ADJ
afbr-73	329	20	than	than	ADP
afbr-73	329	21	profits	profit	NOUN
afbr-73	329	22	of	of	ADP
afbr-73	329	23	the	the	DET
afbr-73	329	24	firm	firm	NOUN
afbr-73	329	25	.	.	PUNCT
afbr-73	330	1	they	they	PRON
afbr-73	330	2	also	also	ADV
afbr-73	330	3	concluded	conclude	VERB
afbr-73	330	4	that	that	SCONJ
afbr-73	330	5	firms	firm	NOUN
afbr-73	330	6	liked	like	VERB
afbr-73	330	7	to	to	PART
afbr-73	330	8	compete	compete	VERB
afbr-73	330	9	with	with	ADP
afbr-73	330	10	one	one	NUM
afbr-73	330	11	and	and	CCONJ
afbr-73	330	12	another	another	PRON
afbr-73	330	13	rather	rather	ADV
afbr-73	330	14	than	than	ADP
afbr-73	330	15	cooperating	cooperate	VERB
afbr-73	330	16	.	.	PUNCT
afbr-73	331	1	3	3	X
afbr-73	331	2	.	.	X
afbr-73	331	3	research	research	NOUN
afbr-73	331	4	methodology	methodology	NOUN
afbr-73	331	5	descriptive	descriptive	ADJ
afbr-73	331	6	and	and	CCONJ
afbr-73	331	7	longitudinal	longitudinal	ADJ
afbr-73	331	8	design	design	NOUN
afbr-73	331	9	was	be	AUX
afbr-73	331	10	employed	employ	VERB
afbr-73	331	11	with	with	ADP
afbr-73	331	12	a	a	DET
afbr-73	331	13	view	view	NOUN
afbr-73	331	14	to	to	ADP
afbr-73	331	15	making	make	VERB
afbr-73	331	16	statistical	statistical	ADJ
afbr-73	331	17	inferences	inference	NOUN
afbr-73	331	18	on	on	ADP
afbr-73	331	19	factors	factor	NOUN
afbr-73	331	20	that	that	PRON
afbr-73	331	21	determine	determine	VERB
afbr-73	331	22	corporate	corporate	ADJ
afbr-73	331	23	earnings	earning	NOUN
afbr-73	331	24	of	of	ADP
afbr-73	331	25	the	the	DET
afbr-73	331	26	quoted	quote	VERB
afbr-73	331	27	firms	firm	NOUN
afbr-73	331	28	.	.	PUNCT
afbr-73	332	1	a	a	DET
afbr-73	332	2	sampling	sample	VERB
afbr-73	332	3	frame	frame	NOUN
afbr-73	332	4	of	of	ADP
afbr-73	332	5	20	20	NUM
afbr-73	332	6	quoted	quote	VERB
afbr-73	332	7	firms	firm	NOUN
afbr-73	332	8	was	be	AUX
afbr-73	332	9	selected	select	VERB
afbr-73	332	10	using	use	VERB
afbr-73	332	11	random	random	ADJ
afbr-73	332	12	sampling	sampling	NOUN
afbr-73	332	13	techniques	technique	NOUN
afbr-73	332	14	.	.	PUNCT
afbr-73	333	1	the	the	DET
afbr-73	333	2	required	require	VERB
afbr-73	333	3	cross	cross	ADJ
afbr-73	333	4	-	-	ADJ
afbr-73	333	5	sectional	sectional	ADJ
afbr-73	333	6	data	datum	NOUN
afbr-73	333	7	were	be	AUX
afbr-73	333	8	sourced	source	VERB
afbr-73	333	9	from	from	ADP
afbr-73	333	10	annual	annual	ADJ
afbr-73	333	11	reports	report	NOUN
afbr-73	333	12	of	of	ADP
afbr-73	333	13	the	the	DET
afbr-73	333	14	firms	firm	NOUN
afbr-73	333	15	and	and	CCONJ
afbr-73	333	16	stock	stock	NOUN
afbr-73	333	17	exchange	exchange	NOUN
afbr-73	333	18	factbook	factbook	VERB
afbr-73	333	19	from	from	ADP
afbr-73	333	20	2011	2011	NUM
afbr-73	333	21	-	-	SYM
afbr-73	333	22	2016	2016	NUM
afbr-73	333	23	.	.	PUNCT
afbr-73	334	1	analytical	analytical	ADJ
afbr-73	334	2	framework	framework	NOUN
afbr-73	334	3	and	and	CCONJ
afbr-73	334	4	empirical	empirical	ADJ
afbr-73	334	5	model	model	NOUN
afbr-73	334	6	specification	specification	NOUN
afbr-73	334	7	this	this	DET
afbr-73	334	8	analysis	analysis	NOUN
afbr-73	334	9	is	be	AUX
afbr-73	334	10	carried	carry	VERB
afbr-73	334	11	out	out	ADP
afbr-73	334	12	within	within	ADP
afbr-73	334	13	a	a	DET
afbr-73	334	14	panel	panel	NOUN
afbr-73	334	15	data	data	NOUN
afbr-73	334	16	estimation	estimation	NOUN
afbr-73	334	17	framework	framework	NOUN
afbr-73	334	18	.	.	PUNCT
afbr-73	335	1	the	the	DET
afbr-73	335	2	preference	preference	NOUN
afbr-73	335	3	of	of	ADP
afbr-73	335	4	this	this	DET
afbr-73	335	5	estimation	estimation	NOUN
afbr-73	335	6	method	method	NOUN
afbr-73	335	7	is	be	AUX
afbr-73	335	8	not	not	PART
afbr-73	335	9	only	only	ADV
afbr-73	335	10	because	because	SCONJ
afbr-73	335	11	it	it	PRON
afbr-73	335	12	enables	enable	VERB
afbr-73	335	13	a	a	DET
afbr-73	335	14	cross	cross	ADJ
afbr-73	335	15	-	-	ADJ
afbr-73	335	16	sectional	sectional	ADJ
afbr-73	335	17	time	time	NOUN
afbr-73	335	18	series	series	PROPN
afbr-73	335	19	analysis	analysis	NOUN
afbr-73	335	20	which	which	PRON
afbr-73	335	21	usually	usually	ADV
afbr-73	335	22	makes	make	VERB
afbr-73	335	23	provision	provision	NOUN
afbr-73	335	24	for	for	ADP
afbr-73	335	25	broader	broad	ADJ
afbr-73	335	26	set	set	NOUN
afbr-73	335	27	of	of	ADP
afbr-73	335	28	data	datum	NOUN
afbr-73	335	29	points	point	NOUN
afbr-73	335	30	,	,	PUNCT
afbr-73	335	31	but	but	CCONJ
afbr-73	335	32	also	also	ADV
afbr-73	335	33	because	because	SCONJ
afbr-73	335	34	of	of	ADP
afbr-73	335	35	its	its	PRON
afbr-73	335	36	ability	ability	NOUN
afbr-73	335	37	to	to	PART
afbr-73	335	38	control	control	VERB
afbr-73	335	39	for	for	ADP
afbr-73	335	40	heterogeneity	heterogeneity	NOUN
afbr-73	335	41	and	and	CCONJ
afbr-73	335	42	endogencity	endogencity	NOUN
afbr-73	335	43	issues	issue	NOUN
afbr-73	335	44	.	.	PUNCT
afbr-73	336	1	hence	hence	ADV
afbr-73	336	2	panel	panel	NOUN
afbr-73	336	3	data	datum	NOUN
afbr-73	336	4	estimation	estimation	NOUN
afbr-73	336	5	allows	allow	VERB
afbr-73	336	6	for	for	ADP
afbr-73	336	7	the	the	DET
afbr-73	336	8	control	control	NOUN
afbr-73	336	9	of	of	ADP
afbr-73	336	10	individual	individual	ADJ
afbr-73	336	11	-	-	PUNCT
afbr-73	336	12	specific	specific	ADJ
afbr-73	336	13	effects	effect	NOUN
afbr-73	336	14	usually	usually	ADV
afbr-73	336	15	unobservable	unobservable	ADJ
afbr-73	336	16	which	which	PRON
afbr-73	336	17	may	may	AUX
afbr-73	336	18	be	be	AUX
afbr-73	336	19	correlated	correlate	VERB
afbr-73	336	20	with	with	ADP
afbr-73	336	21	other	other	ADJ
afbr-73	336	22	explanatory	explanatory	ADJ
afbr-73	336	23	variables	variable	NOUN
afbr-73	336	24	included	include	VERB
afbr-73	336	25	in	in	ADP
afbr-73	336	26	the	the	DET
afbr-73	336	27	specification	specification	NOUN
afbr-73	336	28	of	of	ADP
afbr-73	336	29	the	the	DET
afbr-73	336	30	relationship	relationship	NOUN
afbr-73	336	31	between	between	ADP
afbr-73	336	32	dependent	dependent	ADJ
afbr-73	336	33	and	and	CCONJ
afbr-73	336	34	explanatory	explanatory	ADJ
afbr-73	336	35	variables	variable	NOUN
afbr-73	336	36	(	(	PUNCT
afbr-73	336	37	hausman	hausman	NOUN
afbr-73	336	38	and	and	CCONJ
afbr-73	336	39	taylor	taylor	PROPN
afbr-73	336	40	,	,	PUNCT
afbr-73	336	41	1981	1981	NUM
afbr-73	336	42	)	)	PUNCT
afbr-73	336	43	.	.	PUNCT
afbr-73	337	1	the	the	DET
afbr-73	337	2	basic	basic	ADJ
afbr-73	337	3	framework	framework	NOUN
afbr-73	337	4	for	for	ADP
afbr-73	337	5	panel	panel	NOUN
afbr-73	337	6	data	datum	NOUN
afbr-73	337	7	regression	regression	NOUN
afbr-73	337	8	takes	take	VERB
afbr-73	337	9	the	the	DET
afbr-73	337	10	form	form	NOUN
afbr-73	337	11	:	:	PUNCT
afbr-73	337	12	(	(	PUNCT
afbr-73	337	13	61	61	NUM
afbr-73	337	14	)	)	PUNCT
afbr-73	337	15	in	in	ADP
afbr-73	337	16	the	the	DET
afbr-73	337	17	equation	equation	NOUN
afbr-73	337	18	above	above	ADV
afbr-73	337	19	,	,	PUNCT
afbr-73	337	20	the	the	DET
afbr-73	337	21	heterogeneity	heterogeneity	NOUN
afbr-73	337	22	or	or	CCONJ
afbr-73	337	23	individual	individual	ADJ
afbr-73	337	24	effect	effect	NOUN
afbr-73	337	25	is	be	AUX
afbr-73	337	26	iz	iz	ADP
afbr-73	337	27	which	which	PRON
afbr-73	337	28	may	may	AUX
afbr-73	337	29	represent	represent	VERB
afbr-73	337	30	a	a	DET
afbr-73	337	31	constant	constant	ADJ
afbr-73	337	32	term	term	NOUN
afbr-73	337	33	and	and	CCONJ
afbr-73	337	34	a	a	DET
afbr-73	337	35	itiitit	itiitit	NOUN
afbr-73	337	36	zxy	zxy	NOUN
afbr-73	337	37			PROPN
afbr-73	337	38			VERB
afbr-73	337	39	,	,	PUNCT
afbr-73	337	40	,	,	PUNCT
afbr-73	337	41	cost	cost	NOUN
afbr-73	337	42	of	of	ADP
afbr-73	337	43	capital	capital	NOUN
afbr-73	337	44	and	and	CCONJ
afbr-73	337	45	corporate	corporate	ADJ
afbr-73	337	46	earning	earning	NOUN
afbr-73	337	47	of	of	ADP
afbr-73	337	48	nigeria	nigeria	PROPN
afbr-73	337	49	quoted	quote	VERB
afbr-73	337	50	firms	firm	NOUN
afbr-73	337	51	:	:	PUNCT
afbr-73	337	52	a	a	DET
afbr-73	337	53	multi	multi	ADJ
afbr-73	337	54	-	-	ADJ
afbr-73	337	55	dimensional	dimensional	ADJ
afbr-73	337	56	analysis	analysis	NOUN
afbr-73	337	57	of	of	ADP
afbr-73	337	58	quoted	quote	VERB
afbr-73	337	59	firms	firm	NOUN
afbr-73	337	60	in	in	ADP
afbr-73	337	61	nigeria	nigeria	PROPN
afbr-73	338	1	lucky	lucky	ADJ
afbr-73	338	2	anyike	anyike	ADP
afbr-73	338	3	lucky	lucky	ADJ
afbr-73	338	4	59	59	NUM
afbr-73	338	5	set	set	NOUN
afbr-73	338	6	of	of	ADP
afbr-73	338	7	observable	observable	ADJ
afbr-73	338	8	and	and	CCONJ
afbr-73	338	9	unobservable	unobservable	ADJ
afbr-73	338	10	variables	variable	NOUN
afbr-73	338	11	.	.	PUNCT
afbr-73	339	1	when	when	SCONJ
afbr-73	339	2	the	the	DET
afbr-73	339	3	individual	individual	ADJ
afbr-73	339	4	effect	effect	NOUN
afbr-73	339	5	iz	iz	INTJ
afbr-73	339	6	,	,	PUNCT
afbr-73	339	7	contains	contain	VERB
afbr-73	339	8	only	only	ADV
afbr-73	339	9	a	a	DET
afbr-73	339	10	constant	constant	ADJ
afbr-73	339	11	term	term	NOUN
afbr-73	339	12	,	,	PUNCT
afbr-73	339	13	ols	ol	NOUN
afbr-73	339	14	estimation	estimation	NOUN
afbr-73	339	15	provides	provide	VERB
afbr-73	339	16	a	a	DET
afbr-73	339	17	consistent	consistent	ADJ
afbr-73	339	18	and	and	CCONJ
afbr-73	339	19	efficient	efficient	ADJ
afbr-73	339	20	estimates	estimate	NOUN
afbr-73	339	21	of	of	ADP
afbr-73	339	22	the	the	DET
afbr-73	339	23	underlying	underlie	VERB
afbr-73	339	24	parameters	parameter	NOUN
afbr-73	339	25	(	(	PUNCT
afbr-73	339	26	kyereboah	kyereboah	PROPN
afbr-73	339	27	-	-	PUNCT
afbr-73	339	28	coleman	coleman	NOUN
afbr-73	339	29	,	,	PUNCT
afbr-73	339	30	2007	2007	NUM
afbr-73	339	31	)	)	PUNCT
afbr-73	339	32	;	;	PUNCT
afbr-73	339	33	hut	hut	NOUN
afbr-73	339	34	if	if	SCONJ
afbr-73	339	35	iz	iz	INTJ
afbr-73	339	36	,	,	PUNCT
afbr-73	339	37	is	be	AUX
afbr-73	339	38	un	un	ADJ
afbr-73	339	39	-	-	ADJ
afbr-73	339	40	observable	observable	ADJ
afbr-73	339	41	and	and	CCONJ
afbr-73	339	42	correlated	correlate	VERB
afbr-73	339	43	with	with	ADP
afbr-73	339	44	itx	itx	NOUN
afbr-73	339	45	,	,	PUNCT
afbr-73	339	46	then	then	ADV
afbr-73	339	47	emerges	emerge	VERB
afbr-73	339	48	the	the	DET
afbr-73	339	49	need	need	NOUN
afbr-73	339	50	to	to	PART
afbr-73	339	51	use	use	VERB
afbr-73	339	52	other	other	ADJ
afbr-73	339	53	estimation	estimation	NOUN
afbr-73	339	54	method	method	NOUN
afbr-73	339	55	because	because	SCONJ
afbr-73	339	56	ols	ol	NOUN
afbr-73	339	57	will	will	AUX
afbr-73	339	58	give	give	VERB
afbr-73	339	59	rise	rise	NOUN
afbr-73	339	60	to	to	ADP
afbr-73	339	61	biased	biased	ADJ
afbr-73	339	62	and	and	CCONJ
afbr-73	339	63	inconsistent	inconsistent	ADJ
afbr-73	339	64	estimates	estimate	NOUN
afbr-73	339	65	.	.	PUNCT
afbr-73	340	1	similarly	similarly	ADV
afbr-73	340	2	for	for	ADP
afbr-73	340	3	endogeneity	endogeneity	NOUN
afbr-73	340	4	issues	issue	NOUN
afbr-73	340	5	,	,	PUNCT
afbr-73	340	6	it	it	PRON
afbr-73	340	7	is	be	AUX
afbr-73	340	8	generally	generally	ADV
afbr-73	340	9	assumed	assume	VERB
afbr-73	340	10	that	that	SCONJ
afbr-73	340	11	the	the	DET
afbr-73	340	12	explanatory	explanatory	ADJ
afbr-73	340	13	variables	variable	NOUN
afbr-73	340	14	located	locate	VERB
afbr-73	340	15	on	on	ADP
afbr-73	340	16	the	the	DET
afbr-73	340	17	right	right	ADJ
afbr-73	340	18	hand	hand	NOUN
afbr-73	340	19	side	side	NOUN
afbr-73	340	20	of	of	ADP
afbr-73	340	21	the	the	DET
afbr-73	340	22	regression	regression	NOUN
afbr-73	340	23	equation	equation	NOUN
afbr-73	340	24	are	be	AUX
afbr-73	340	25	statistically	statistically	ADV
afbr-73	340	26	independent	independent	ADJ
afbr-73	340	27	of	of	ADP
afbr-73	340	28	the	the	DET
afbr-73	340	29	disturbance	disturbance	NOUN
afbr-73	340	30	it	it	NOUN
afbr-73	340	31	such	such	ADJ
afbr-73	340	32	that	that	SCONJ
afbr-73	340	33	the	the	DET
afbr-73	340	34	disturbance	disturbance	NOUN
afbr-73	340	35	term	term	NOUN
afbr-73	340	36	it	it	NUM
afbr-73	340	37	is	be	AUX
afbr-73	340	38	assumed	assume	VERB
afbr-73	340	39	to	to	PART
afbr-73	340	40	be	be	AUX
afbr-73	340	41	uncorrelated	uncorrelate	VERB
afbr-73	340	42	with	with	ADP
afbr-73	340	43	columns	column	NOUN
afbr-73	340	44	of	of	ADP
afbr-73	340	45	’	'	PUNCT
afbr-73	340	46	the	the	DET
afbr-73	340	47	parameters	parameter	NOUN
afbr-73	340	48	itx	itx	VERB
afbr-73	340	49	and	and	CCONJ
afbr-73	340	50	itz	itz	PROPN
afbr-73	340	51	as	as	SCONJ
afbr-73	340	52	stated	state	VERB
afbr-73	340	53	in	in	ADP
afbr-73	340	54	equation	equation	NOUN
afbr-73	340	55	(	(	PUNCT
afbr-73	340	56	1	1	NUM
afbr-73	340	57	)	)	PUNCT
afbr-73	340	58	,	,	PUNCT
afbr-73	340	59	and	and	CCONJ
afbr-73	340	60	has	have	VERB
afbr-73	340	61	zero	zero	NUM
afbr-73	340	62	mean	mean	ADJ
afbr-73	340	63	and	and	CCONJ
afbr-73	340	64	constant	constant	ADJ
afbr-73	340	65	variance	variance	NOUN
afbr-73	340	66			PROPN
afbr-73	340	67	2	2	NUM
afbr-73	340	68	(	(	PUNCT
afbr-73	340	69	hausman	hausman	NOUN
afbr-73	340	70	and	and	CCONJ
afbr-73	340	71	taylor	taylor	PROPN
afbr-73	340	72	,	,	PUNCT
afbr-73	340	73	1981	1981	NUM
afbr-73	340	74	)	)	PUNCT
afbr-73	340	75	.	.	PUNCT
afbr-73	341	1	if	if	SCONJ
afbr-73	341	2	this	this	DET
afbr-73	341	3	assumption	assumption	NOUN
afbr-73	341	4	is	be	AUX
afbr-73	341	5	violated	violate	VERB
afbr-73	341	6	,	,	PUNCT
afbr-73	341	7	then	then	ADV
afbr-73	341	8	ols	ol	NOUN
afbr-73	341	9	estimation	estimation	NOUN
afbr-73	341	10	will	will	AUX
afbr-73	341	11	yield	yield	VERB
afbr-73	341	12	biased	biased	ADJ
afbr-73	341	13	estimates	estimate	NOUN
afbr-73	341	14	of	of	ADP
afbr-73	341	15	the	the	DET
afbr-73	341	16	underlying	underlie	VERB
afbr-73	341	17	parameters	parameter	NOUN
afbr-73	341	18	of	of	ADP
afbr-73	341	19			PROPN
afbr-73	341	20	(	(	PUNCT
afbr-73	341	21	mayston	mayston	PROPN
afbr-73	341	22	,	,	PUNCT
afbr-73	341	23	2002).hence	2002).hence	NUM
afbr-73	341	24	,	,	PUNCT
afbr-73	341	25	endogeneitv	endogeneitv	NOUN
afbr-73	341	26	problems	problem	NOUN
afbr-73	341	27	arise	arise	VERB
afbr-73	341	28	when	when	SCONJ
afbr-73	341	29	the	the	DET
afbr-73	341	30	explanatory	explanatory	ADJ
afbr-73	341	31	variables	variable	NOUN
afbr-73	341	32	are	be	AUX
afbr-73	341	33	correlated	correlate	VERB
afbr-73	341	34	with	with	ADP
afbr-73	341	35	the	the	DET
afbr-73	341	36	disturbance	disturbance	NOUN
afbr-73	341	37	term	term	NOUN
afbr-73	341	38	it	it	PROPN
afbr-73	341	39	(	(	PUNCT
afbr-73	341	40	mayston	mayston	PROPN
afbr-73	341	41	,	,	PUNCT
afbr-73	341	42	2002	2002	NUM
afbr-73	341	43	;	;	PUNCT
afbr-73	341	44	hausman	hausman	PROPN
afbr-73	341	45	and	and	CCONJ
afbr-73	341	46	taylor	taylor	PROPN
afbr-73	341	47	,	,	PUNCT
afbr-73	341	48	1981	1981	NUM
afbr-73	341	49	)	)	PUNCT
afbr-73	341	50	.	.	PUNCT
afbr-73	342	1	in	in	ADP
afbr-73	342	2	order	order	NOUN
afbr-73	342	3	to	to	PART
afbr-73	342	4	circumvent	circumvent	VERB
afbr-73	342	5	these	these	DET
afbr-73	342	6	problems	problem	NOUN
afbr-73	342	7	,	,	PUNCT
afbr-73	342	8	panel	panel	NOUN
afbr-73	342	9	estimation	estimation	NOUN
afbr-73	342	10	techniques	technique	NOUN
afbr-73	342	11	of	of	ADP
afbr-73	342	12	fixed	fix	VERB
afbr-73	342	13	and	and	CCONJ
afbr-73	342	14	random	random	ADJ
afbr-73	342	15	effects	effect	NOUN
afbr-73	342	16	will	will	AUX
afbr-73	342	17	be	be	AUX
afbr-73	342	18	adopted	adopt	VERB
afbr-73	342	19	in	in	ADP
afbr-73	342	20	this	this	DET
afbr-73	342	21	study	study	NOUN
afbr-73	342	22	,	,	PUNCT
afbr-73	342	23	in	in	ADP
afbr-73	342	24	addition	addition	NOUN
afbr-73	342	25	to	to	ADP
afbr-73	342	26	the	the	DET
afbr-73	342	27	traditional	traditional	ADJ
afbr-73	342	28	pooled	pool	VERB
afbr-73	342	29	regression	regression	NOUN
afbr-73	342	30	estimation	estimation	NOUN
afbr-73	342	31	.	.	PUNCT
afbr-73	343	1	decisions	decision	NOUN
afbr-73	343	2	will	will	AUX
afbr-73	343	3	be	be	AUX
afbr-73	343	4	made	make	VERB
afbr-73	343	5	between	between	ADP
afbr-73	343	6	the	the	DET
afbr-73	343	7	fixed	fix	VERB
afbr-73	343	8	and	and	CCONJ
afbr-73	343	9	random	random	ADJ
afbr-73	343	10	effect	effect	NOUN
afbr-73	343	11	models	model	NOUN
afbr-73	343	12	using	use	VERB
afbr-73	343	13	the	the	DET
afbr-73	343	14	hausman	hausman	ADJ
afbr-73	343	15	specification	specification	NOUN
afbr-73	343	16	test	test	NOUN
afbr-73	343	17	.	.	PUNCT
afbr-73	344	1	the	the	DET
afbr-73	344	2	panel	panel	NOUN
afbr-73	344	3	model	model	NOUN
afbr-73	344	4	for	for	ADP
afbr-73	344	5	the	the	DET
afbr-73	344	6	study	study	NOUN
afbr-73	344	7	is	be	AUX
afbr-73	344	8	specified	specify	VERB
afbr-73	344	9	base	base	NOUN
afbr-73	344	10	on	on	ADP
afbr-73	344	11	the	the	DET
afbr-73	344	12	modified	modify	VERB
afbr-73	344	13	model	model	NOUN
afbr-73	344	14	of	of	ADP
afbr-73	344	15	lawal	lawal	PROPN
afbr-73	344	16	,	,	PUNCT
afbr-73	344	17	edwin	edwin	PROPN
afbr-73	344	18	,	,	PUNCT
afbr-73	344	19	kiyanjui	kiyanjui	PROPN
afbr-73	344	20	and	and	CCONJ
afbr-73	344	21	kayode	kayode	PROPN
afbr-73	344	22	(	(	PUNCT
afbr-73	344	23	2014	2014	NUM
afbr-73	344	24	)	)	PUNCT
afbr-73	344	25	.	.	PUNCT
afbr-73	345	1	itiitit	itiitit	PROPN
afbr-73	345	2	zxy	zxy	PROPN
afbr-73	345	3			PROPN
afbr-73	345	4			PUNCT
afbr-73	345	5	''	''	PUNCT
afbr-73	345	6	(	(	PUNCT
afbr-73	345	7	62	62	NUM
afbr-73	345	8	)	)	PUNCT
afbr-73	346	1	where	where	SCONJ
afbr-73	346	2	:	:	PUNCT
afbr-73	346	3	y	y	NOUN
afbr-73	346	4	=	=	PUNCT
afbr-73	346	5	dependent	dependent	ADJ
afbr-73	346	6	variable	variable	ADJ
afbr-73	346	7	d	d	NOUN
afbr-73	346	8	=	=	SYM
afbr-73	346	9	independent	independent	ADJ
afbr-73	346	10	variable	variable	NOUN
afbr-73	346	11	o	o	PROPN
afbr-73	346	12	=	=	PUNCT
afbr-73	346	13	intercept	intercept	VERB
afbr-73	346	14	i	i	X
afbr-73	346	15	=	=	SYM
afbr-73	346	16	coefficient	coefficient	NOUN
afbr-73	346	17	of	of	ADP
afbr-73	346	18	the	the	DET
afbr-73	346	19	explanatory	explanatory	ADJ
afbr-73	346	20	variable	variable	ADJ
afbr-73	346	21	e	e	NOUN
afbr-73	346	22	=	=	NOUN
afbr-73	346	23	error	error	NOUN
afbr-73	346	24	term	term	NOUN
afbr-73	346	25	i	i	PRON
afbr-73	346	26	=	=	PUNCT
afbr-73	346	27	cross	cross	ADJ
afbr-73	346	28	-	-	ADJ
afbr-73	346	29	sectional	sectional	ADJ
afbr-73	346	30	variable	variable	ADJ
afbr-73	346	31	t	t	NOUN
afbr-73	346	32	=	=	PUNCT
afbr-73	346	33	time	time	NOUN
afbr-73	346	34	series	series	PROPN
afbr-73	346	35	variable	variable	PROPN
afbr-73	346	36	model	model	NOUN
afbr-73	347	1	i	i	PRON
afbr-73	347	2	:	:	PUNCT
afbr-73	347	3	short	short	ADJ
afbr-73	347	4	term	term	NOUN
afbr-73	347	5	cost	cost	NOUN
afbr-73	347	6	of	of	ADP
afbr-73	347	7	capital	capital	NOUN
afbr-73	347	8	pooled	pool	VERB
afbr-73	347	9	regression	regression	NOUN
afbr-73	347	10	specification	specification	NOUN
afbr-73	347	11	)	)	PUNCT
afbr-73	347	12	63(144332211	63(144332211	NUM
afbr-73	347	13	itititiii	itititiii	PROPN
afbr-73	347	14	cbaccpcblctcoeps	cbaccpcblctcoep	NOUN
afbr-73	347	15			PROPN
afbr-73	347	16			PROPN
afbr-73	347	17	cost	cost	NOUN
afbr-73	347	18	of	of	ADP
afbr-73	347	19	capital	capital	NOUN
afbr-73	347	20	and	and	CCONJ
afbr-73	347	21	corporate	corporate	ADJ
afbr-73	347	22	earning	earning	NOUN
afbr-73	347	23	of	of	ADP
afbr-73	347	24	nigeria	nigeria	PROPN
afbr-73	347	25	quoted	quote	VERB
afbr-73	347	26	firms	firm	NOUN
afbr-73	347	27	:	:	PUNCT
afbr-73	347	28	a	a	DET
afbr-73	347	29	multi	multi	ADJ
afbr-73	347	30	-	-	ADJ
afbr-73	347	31	dimensional	dimensional	ADJ
afbr-73	347	32	analysis	analysis	NOUN
afbr-73	347	33	of	of	ADP
afbr-73	347	34	quoted	quote	VERB
afbr-73	347	35	firms	firm	NOUN
afbr-73	347	36	in	in	ADP
afbr-73	347	37	nigeria	nigeria	PROPN
afbr-73	347	38	lucky	lucky	ADJ
afbr-73	347	39	anyike	anyike	ADP
afbr-73	347	40	lucky	lucky	ADJ
afbr-73	347	41	60	60	NUM
afbr-73	347	42	fixed	fixed	ADJ
afbr-73	347	43	effect	effect	NOUN
afbr-73	347	44	model	model	NOUN
afbr-73	347	45	specification	specification	NOUN
afbr-73	347	46	)	)	PUNCT
afbr-73	347	47	64(111	64(111	NOUN
afbr-73	347	48	9	9	NUM
afbr-73	347	49	544332211	544332211	NUM
afbr-73	347	50	itiiitititiii	itiiitititiii	NOUN
afbr-73	347	51	idumrrcbaccpcblctcoeps	idumrrcbaccpcblctcoep	NOUN
afbr-73	347	52			NOUN
afbr-73	347	53			VERB
afbr-73	347	54			X
afbr-73	347	55	random	random	ADJ
afbr-73	347	56	effect	effect	NOUN
afbr-73	347	57	model	model	NOUN
afbr-73	347	58	specification	specification	NOUN
afbr-73	347	59	)	)	PUNCT
afbr-73	347	60	65(1144332211	65(1144332211	NUM
afbr-73	347	61	ititititiii	ititititiii	VERB
afbr-73	347	62	icbaccpcblctcoeps	icbaccpcblctcoep	NOUN
afbr-73	347	63			PROPN
afbr-73	347	64			PROPN
afbr-73	347	65	where	where	SCONJ
afbr-73	347	66	eps	eps	NOUN
afbr-73	347	67	=	=	SYM
afbr-73	347	68	earnings	earning	NOUN
afbr-73	347	69	per	per	ADP
afbr-73	347	70	share	share	NOUN
afbr-73	347	71	ctc	ctc	NOUN
afbr-73	347	72	=	=	PUNCT
afbr-73	347	73	cost	cost	NOUN
afbr-73	347	74	of	of	ADP
afbr-73	347	75	trade	trade	NOUN
afbr-73	347	76	credit	credit	NOUN
afbr-73	347	77	cbl	cbl	NOUN
afbr-73	347	78	=	=	PUNCT
afbr-73	347	79	cost	cost	NOUN
afbr-73	347	80	of	of	ADP
afbr-73	347	81	short	short	ADJ
afbr-73	347	82	term	term	NOUN
afbr-73	347	83	bank	bank	NOUN
afbr-73	347	84	loans	loan	NOUN
afbr-73	347	85	ccp	ccp	NOUN
afbr-73	348	1	=	=	PUNCT
afbr-73	349	1	cost	cost	NOUN
afbr-73	349	2	of	of	ADP
afbr-73	349	3	commercial	commercial	ADJ
afbr-73	349	4	paper	paper	NOUN
afbr-73	349	5	cba	cba	NOUN
afbr-73	349	6	=	=	PUNCT
afbr-73	349	7	cost	cost	NOUN
afbr-73	349	8	of	of	ADP
afbr-73	349	9	bankers	banker	NOUN
afbr-73	349	10	acceptance	acceptance	VERB
afbr-73	349	11	1	1	NUM
afbr-73	350	1	=	=	SYM
afbr-73	350	2	stochastic	stochastic	NOUN
afbr-73	350	3	or	or	CCONJ
afbr-73	350	4	disturbance	disturbance	NOUN
afbr-73	350	5	/	/	SYM
afbr-73	350	6	error	error	NOUN
afbr-73	350	7	term	term	NOUN
afbr-73	350	8	.	.	PUNCT
afbr-73	351	1	t	t	NOUN
afbr-73	351	2	=	=	PUNCT
afbr-73	351	3	time	time	NOUN
afbr-73	351	4	dimension	dimension	NOUN
afbr-73	351	5	of	of	ADP
afbr-73	351	6	the	the	DET
afbr-73	351	7	variables	variable	NOUN
afbr-73	351	8	α	α	NOUN
afbr-73	351	9	0	0	X
afbr-73	352	1	=	=	SYM
afbr-73	352	2	constant	constant	ADJ
afbr-73	352	3	or	or	CCONJ
afbr-73	352	4	intercept	intercept	NOUN
afbr-73	352	5	.	.	PROPN
afbr-73	353	1	model	model	PROPN
afbr-73	353	2	ii	ii	PROPN
afbr-73	353	3	:	:	PUNCT
afbr-73	353	4	medium	medium	ADJ
afbr-73	353	5	term	term	NOUN
afbr-73	353	6	cost	cost	NOUN
afbr-73	353	7	of	of	ADP
afbr-73	353	8	capital	capital	NOUN
afbr-73	353	9	pooled	pool	VERB
afbr-73	353	10	regression	regression	NOUN
afbr-73	353	11	specification	specification	NOUN
afbr-73	353	12	)	)	PUNCT
afbr-73	353	13	66(144332211	66(144332211	NUM
afbr-73	353	14	itititiii	itititiii	PROPN
afbr-73	353	15	colchpcrcclcoeps	colchpcrcclcoep	NOUN
afbr-73	353	16			PROPN
afbr-73	353	17			PROPN
afbr-73	353	18	fixed	fix	VERB
afbr-73	353	19	effect	effect	NOUN
afbr-73	353	20	model	model	NOUN
afbr-73	353	21	specification	specification	NOUN
afbr-73	353	22	)	)	PUNCT
afbr-73	353	23	67(111	67(111	NOUN
afbr-73	353	24	9	9	NUM
afbr-73	353	25	44332211	44332211	NUM
afbr-73	353	26	itiiitititiii	itiiitititiii	NOUN
afbr-73	353	27	idumcolchpcrcclcoeps	idumcolchpcrcclcoep	NOUN
afbr-73	353	28			NOUN
afbr-73	353	29			VERB
afbr-73	353	30			X
afbr-73	353	31	random	random	ADJ
afbr-73	353	32	effect	effect	NOUN
afbr-73	353	33	model	model	NOUN
afbr-73	353	34	specification	specification	NOUN
afbr-73	353	35	ititititiii	ititititiii	VERB
afbr-73	353	36	icolchpcrcclcoeps	icolchpcrcclcoeps	ADJ
afbr-73	353	37	1144332211	1144332211	NUM
afbr-73	354	1			NOUN
afbr-73	354	2			PROPN
afbr-73	354	3	(	(	PUNCT
afbr-73	354	4	68	68	NUM
afbr-73	354	5	)	)	PUNCT
afbr-73	354	6	where	where	SCONJ
afbr-73	354	7	eps	eps	NOUN
afbr-73	354	8	=	=	NOUN
afbr-73	354	9	earnings	earning	NOUN
afbr-73	354	10	per	per	ADP
afbr-73	354	11	share	share	NOUN
afbr-73	354	12	clc	clc	PROPN
afbr-73	354	13	=	=	PUNCT
afbr-73	354	14	cost	cost	NOUN
afbr-73	354	15	of	of	ADP
afbr-73	354	16	line	line	NOUN
afbr-73	354	17	of	of	ADP
afbr-73	354	18	credit	credit	NOUN
afbr-73	354	19	crc	crc	NOUN
afbr-73	354	20	=	=	PUNCT
afbr-73	354	21	cost	cost	NOUN
afbr-73	354	22	of	of	ADP
afbr-73	354	23	revolving	revolve	VERB
afbr-73	354	24	credit	credit	NOUN
afbr-73	354	25	chp	chp	NOUN
afbr-73	354	26	=	=	NOUN
afbr-73	354	27	cost	cost	NOUN
afbr-73	354	28	of	of	ADP
afbr-73	354	29	hire	hire	NOUN
afbr-73	354	30	purchase	purchase	NOUN
afbr-73	354	31	col	col	NOUN
afbr-73	354	32	=	=	NOUN
afbr-73	354	33	cost	cost	NOUN
afbr-73	354	34	of	of	ADP
afbr-73	354	35	operating	operate	VERB
afbr-73	354	36	lease	lease	NOUN
afbr-73	354	37	1	1	NUM
afbr-73	354	38	=	=	SYM
afbr-73	354	39	stochastic	stochastic	NOUN
afbr-73	354	40	or	or	CCONJ
afbr-73	354	41	disturbance	disturbance	NOUN
afbr-73	354	42	/	/	SYM
afbr-73	354	43	error	error	NOUN
afbr-73	354	44	term	term	NOUN
afbr-73	354	45	.	.	PUNCT
afbr-73	355	1	t	t	NOUN
afbr-73	355	2	=	=	PUNCT
afbr-73	355	3	time	time	NOUN
afbr-73	355	4	dimension	dimension	NOUN
afbr-73	355	5	of	of	ADP
afbr-73	355	6	the	the	DET
afbr-73	355	7	variables	variable	NOUN
afbr-73	355	8	α	α	NOUN
afbr-73	355	9	0	0	X
afbr-73	356	1	=	=	SYM
afbr-73	356	2	constant	constant	ADJ
afbr-73	356	3	or	or	CCONJ
afbr-73	356	4	intercept	intercept	NOUN
afbr-73	356	5	.	.	PUNCT
afbr-73	357	1	model	model	PROPN
afbr-73	357	2	iii	iii	PROPN
afbr-73	357	3	:	:	PUNCT
afbr-73	357	4	cost	cost	NOUN
afbr-73	357	5	of	of	ADP
afbr-73	357	6	long	long	ADJ
afbr-73	357	7	term	term	NOUN
afbr-73	357	8	capital	capital	NOUN
afbr-73	357	9	pooled	pool	VERB
afbr-73	357	10	regression	regression	NOUN
afbr-73	357	11	specification	specification	NOUN
afbr-73	357	12	ititiii	ititiii	ADP
afbr-73	357	13	cecpscdoeps	cecpscdoep	NOUN
afbr-73	357	14	1332211	1332211	NUM
afbr-73	357	15			PROPN
afbr-73	357	16			PROPN
afbr-73	357	17	(	(	PUNCT
afbr-73	357	18	69	69	NUM
afbr-73	357	19	)	)	PUNCT
afbr-73	357	20	fixed	fix	VERB
afbr-73	357	21	effect	effect	NOUN
afbr-73	357	22	model	model	NOUN
afbr-73	357	23	specification	specification	NOUN
afbr-73	357	24	itiiititiii	itiiititiii	VERB
afbr-73	357	25	idumcecpscdoeps	idumcecpscdoep	VERB
afbr-73	357	26	111	111	NUM
afbr-73	357	27	9	9	NUM
afbr-73	357	28	332211	332211	NUM
afbr-73	357	29			NOUN
afbr-73	357	30			X
afbr-73	357	31			X
afbr-73	357	32	(	(	PUNCT
afbr-73	357	33	70	70	X
afbr-73	357	34	)	)	PUNCT
afbr-73	357	35	random	random	ADJ
afbr-73	357	36	effect	effect	NOUN
afbr-73	357	37	model	model	NOUN
afbr-73	357	38	specification	specification	NOUN
afbr-73	357	39	itititiii	itititiii	NOUN
afbr-73	357	40	icecpscdoeps	icecpscdoep	VERB
afbr-73	357	41	11332211	11332211	NUM
afbr-73	357	42			NOUN
afbr-73	357	43			VERB
afbr-73	357	44	(	(	PUNCT
afbr-73	357	45	71	71	NUM
afbr-73	357	46	)	)	PUNCT
afbr-73	357	47	where	where	SCONJ
afbr-73	357	48	eps	eps	NOUN
afbr-73	357	49	=	=	NOUN
afbr-73	357	50	earnings	earning	NOUN
afbr-73	357	51	per	per	ADP
afbr-73	357	52	share	share	NOUN
afbr-73	357	53	cost	cost	NOUN
afbr-73	357	54	of	of	ADP
afbr-73	357	55	capital	capital	NOUN
afbr-73	357	56	and	and	CCONJ
afbr-73	357	57	corporate	corporate	ADJ
afbr-73	357	58	earning	earning	NOUN
afbr-73	357	59	of	of	ADP
afbr-73	357	60	nigeria	nigeria	PROPN
afbr-73	357	61	quoted	quote	VERB
afbr-73	357	62	firms	firm	NOUN
afbr-73	357	63	:	:	PUNCT
afbr-73	357	64	a	a	DET
afbr-73	357	65	multi	multi	ADJ
afbr-73	357	66	-	-	ADJ
afbr-73	357	67	dimensional	dimensional	ADJ
afbr-73	357	68	analysis	analysis	NOUN
afbr-73	357	69	of	of	ADP
afbr-73	357	70	quoted	quote	VERB
afbr-73	357	71	firms	firm	NOUN
afbr-73	357	72	in	in	ADP
afbr-73	357	73	nigeria	nigeria	PROPN
afbr-73	357	74	lucky	lucky	ADJ
afbr-73	357	75	anyike	anyike	ADP
afbr-73	357	76	lucky	lucky	ADJ
afbr-73	357	77	61	61	NUM
afbr-73	357	78	cd	cd	NOUN
afbr-73	357	79	=	=	PUNCT
afbr-73	357	80	cost	cost	NOUN
afbr-73	357	81	of	of	ADP
afbr-73	357	82	debt	debt	NOUN
afbr-73	357	83	cps	cps	NOUN
afbr-73	357	84	=	=	PUNCT
afbr-73	357	85	cost	cost	NOUN
afbr-73	357	86	of	of	ADP
afbr-73	357	87	preference	preference	NOUN
afbr-73	357	88	share	share	NOUN
afbr-73	357	89	capital	capital	PROPN
afbr-73	357	90	ce	ce	PROPN
afbr-73	358	1	=	=	NOUN
afbr-73	358	2	cost	cost	NOUN
afbr-73	358	3	of	of	ADP
afbr-73	358	4	equity	equity	NOUN
afbr-73	358	5	1	1	NUM
afbr-73	358	6	=	=	SYM
afbr-73	358	7	stochastic	stochastic	NOUN
afbr-73	358	8	or	or	CCONJ
afbr-73	358	9	disturbance	disturbance	NOUN
afbr-73	358	10	/	/	SYM
afbr-73	358	11	error	error	NOUN
afbr-73	358	12	term	term	NOUN
afbr-73	358	13	.	.	PUNCT
afbr-73	359	1	t	t	NOUN
afbr-73	359	2	=	=	PUNCT
afbr-73	359	3	time	time	NOUN
afbr-73	359	4	dimension	dimension	NOUN
afbr-73	359	5	of	of	ADP
afbr-73	359	6	the	the	DET
afbr-73	359	7	variables	variable	NOUN
afbr-73	359	8	α	α	NOUN
afbr-73	359	9	0	0	X
afbr-73	360	1	=	=	SYM
afbr-73	360	2	constant	constant	ADJ
afbr-73	360	3	or	or	CCONJ
afbr-73	360	4	intercept	intercept	NOUN
afbr-73	360	5	.	.	PUNCT
afbr-73	361	1	4	4	X
afbr-73	361	2	.	.	X
afbr-73	361	3	presentation	presentation	NOUN
afbr-73	361	4	and	and	CCONJ
afbr-73	361	5	analysis	analysis	NOUN
afbr-73	361	6	of	of	ADP
afbr-73	361	7	results	result	NOUN
afbr-73	361	8	table	table	NOUN
afbr-73	361	9	1	1	NUM
afbr-73	361	10	:	:	PUNCT
afbr-73	361	11	short	short	ADJ
afbr-73	361	12	term	term	NOUN
afbr-73	361	13	cost	cost	NOUN
afbr-73	361	14	of	of	ADP
afbr-73	361	15	fund	fund	NOUN
afbr-73	361	16	and	and	CCONJ
afbr-73	361	17	corporate	corporate	ADJ
afbr-73	361	18	earnings	earning	NOUN
afbr-73	361	19	the	the	DET
afbr-73	361	20	effect	effect	NOUN
afbr-73	361	21	of	of	ADP
afbr-73	361	22	short	short	ADJ
afbr-73	361	23	term	term	NOUN
afbr-73	361	24	cost	cost	NOUN
afbr-73	361	25	of	of	ADP
afbr-73	361	26	capital	capital	NOUN
afbr-73	361	27	and	and	CCONJ
afbr-73	361	28	corporate	corporate	ADJ
afbr-73	361	29	earnings	earning	NOUN
afbr-73	361	30	of	of	ADP
afbr-73	361	31	the	the	DET
afbr-73	361	32	quoted	quote	VERB
afbr-73	361	33	firms	firm	NOUN
afbr-73	361	34	is	be	AUX
afbr-73	361	35	presented	present	VERB
afbr-73	361	36	in	in	ADP
afbr-73	361	37	the	the	DET
afbr-73	361	38	table	table	NOUN
afbr-73	361	39	below	below	ADV
afbr-73	361	40	:	:	PUNCT
afbr-73	361	41	effects	effect	NOUN
afbr-73	361	42	test	test	NOUN
afbr-73	361	43	statistic	statistic	PROPN
afbr-73	361	44	d.f	d.f	PROPN
afbr-73	361	45	.	.	PROPN
afbr-73	361	46	prob	prob	PROPN
afbr-73	361	47	.	.	PUNCT
afbr-73	362	1	cross	cross	NOUN
afbr-73	362	2	-	-	NOUN
afbr-73	362	3	section	section	ADJ
afbr-73	362	4	f	f	PROPN
afbr-73	362	5	2.610975	2.610975	NUM
afbr-73	362	6	(	(	PUNCT
afbr-73	362	7	9,45	9,45	NUM
afbr-73	362	8	)	)	PUNCT
afbr-73	362	9	0.0162	0.0162	NUM
afbr-73	362	10	cross	cross	ADJ
afbr-73	362	11	-	-	NOUN
afbr-73	362	12	section	section	ADJ
afbr-73	362	13	chi	chi	ADJ
afbr-73	362	14	-	-	PUNCT
afbr-73	362	15	square	square	ADJ
afbr-73	362	16	24.789052	24.789052	NUM
afbr-73	362	17	9	9	NUM
afbr-73	362	18	0.0032	0.0032	NUM
afbr-73	362	19	hausman	hausman	PROPN
afbr-73	362	20	test	test	NOUN
afbr-73	362	21	cross	cross	NOUN
afbr-73	362	22	-	-	NOUN
afbr-73	362	23	section	section	ADJ
afbr-73	362	24	random	random	ADJ
afbr-73	362	25	2.547784	2.547784	NUM
afbr-73	362	26	4	4	NUM
afbr-73	362	27	0.0001	0.0001	NUM
afbr-73	362	28	source	source	NOUN
afbr-73	362	29	:	:	PUNCT
afbr-73	362	30	computed	compute	VERB
afbr-73	362	31	by	by	ADP
afbr-73	362	32	researcher	researcher	NOUN
afbr-73	362	33	from	from	ADP
afbr-73	362	34	e	e	NOUN
afbr-73	362	35	-	-	NOUN
afbr-73	362	36	view	view	VERB
afbr-73	362	37	9.0	9.0	NUM
afbr-73	362	38	the	the	DET
afbr-73	362	39	hausman	hausman	ADJ
afbr-73	362	40	test	test	NOUN
afbr-73	362	41	is	be	AUX
afbr-73	362	42	used	use	VERB
afbr-73	362	43	in	in	ADP
afbr-73	362	44	panel	panel	NOUN
afbr-73	362	45	data	datum	NOUN
afbr-73	362	46	to	to	PART
afbr-73	362	47	ascertain	ascertain	VERB
afbr-73	362	48	the	the	DET
afbr-73	362	49	most	most	ADV
afbr-73	362	50	appropriate	appropriate	ADJ
afbr-73	362	51	model	model	NOUN
afbr-73	362	52	.	.	PUNCT
afbr-73	363	1	this	this	DET
afbr-73	363	2	test	test	NOUN
afbr-73	363	3	was	be	AUX
afbr-73	363	4	conducted	conduct	VERB
afbr-73	363	5	on	on	ADP
afbr-73	363	6	the	the	DET
afbr-73	363	7	effect	effect	NOUN
afbr-73	363	8	of	of	ADP
afbr-73	363	9	short	short	ADJ
afbr-73	363	10	term	term	NOUN
afbr-73	363	11	cost	cost	NOUN
afbr-73	363	12	of	of	ADP
afbr-73	363	13	capital	capital	NOUN
afbr-73	363	14	and	and	CCONJ
afbr-73	363	15	corporate	corporate	ADJ
afbr-73	363	16	earnings	earning	NOUN
afbr-73	363	17	of	of	ADP
afbr-73	363	18	quoted	quote	VERB
afbr-73	363	19	firms	firm	NOUN
afbr-73	363	20	in	in	ADP
afbr-73	363	21	nigeria	nigeria	PROPN
afbr-73	363	22	as	as	SCONJ
afbr-73	363	23	reported	report	VERB
afbr-73	363	24	in	in	ADP
afbr-73	363	25	the	the	DET
afbr-73	363	26	table	table	NOUN
afbr-73	363	27	1	1	NUM
afbr-73	363	28	above	above	ADV
afbr-73	363	29	.	.	PUNCT
afbr-73	364	1	the	the	DET
afbr-73	364	2	p	p	NOUN
afbr-73	364	3	-	-	PUNCT
afbr-73	364	4	value	value	NOUN
afbr-73	364	5	obtained	obtain	VERB
afbr-73	364	6	from	from	ADP
afbr-73	364	7	hauseman	hauseman	NOUN
afbr-73	364	8	test	test	NOUN
afbr-73	364	9	was	be	AUX
afbr-73	364	10	significant	significant	ADJ
afbr-73	364	11	;	;	PUNCT
afbr-73	364	12	therefore	therefore	ADV
afbr-73	364	13	the	the	DET
afbr-73	364	14	fixed	fix	VERB
afbr-73	364	15	effects	effect	NOUN
afbr-73	364	16	model	model	NOUN
afbr-73	364	17	was	be	AUX
afbr-73	364	18	the	the	DET
afbr-73	364	19	most	most	ADV
afbr-73	364	20	appropriate	appropriate	ADJ
afbr-73	364	21	model	model	NOUN
afbr-73	364	22	.	.	PUNCT
afbr-73	365	1	from	from	ADP
afbr-73	365	2	the	the	DET
afbr-73	365	3	table	table	NOUN
afbr-73	365	4	the	the	DET
afbr-73	365	5	r	r	NOUN
afbr-73	365	6	-	-	PUNCT
afbr-73	365	7	square	square	NOUN
afbr-73	365	8	and	and	CCONJ
afbr-73	365	9	the	the	DET
afbr-73	365	10	adjusted	adjusted	ADJ
afbr-73	365	11	r	r	NOUN
afbr-73	365	12	-	-	PUNCT
afbr-73	365	13	square	square	NOUN
afbr-73	365	14	proved	prove	VERB
afbr-73	365	15	that	that	SCONJ
afbr-73	365	16	43.9	43.9	NUM
afbr-73	365	17	%	%	NOUN
afbr-73	365	18	and	and	CCONJ
afbr-73	365	19	39.7	39.7	NUM
afbr-73	365	20	variation	variation	NOUN
afbr-73	365	21	on	on	ADP
afbr-73	365	22	corporate	corporate	ADJ
afbr-73	365	23	earnings	earning	NOUN
afbr-73	365	24	can	can	AUX
afbr-73	365	25	be	be	AUX
afbr-73	365	26	explained	explain	VERB
afbr-73	365	27	by	by	ADP
afbr-73	365	28	the	the	DET
afbr-73	365	29	variation	variation	NOUN
afbr-73	365	30	on	on	ADP
afbr-73	365	31	the	the	DET
afbr-73	365	32	cost	cost	NOUN
afbr-73	365	33	of	of	ADP
afbr-73	365	34	various	various	ADJ
afbr-73	365	35	component	component	NOUN
afbr-73	365	36	of	of	ADP
afbr-73	365	37	short	short	ADJ
afbr-73	365	38	term	term	NOUN
afbr-73	365	39	cost	cost	NOUN
afbr-73	365	40	of	of	ADP
afbr-73	365	41	capital	capital	NOUN
afbr-73	365	42	.	.	PUNCT
afbr-73	366	1	the	the	DET
afbr-73	366	2	f	f	NOUN
afbr-73	366	3	-	-	PUNCT
afbr-73	366	4	statistic	statistic	ADJ
afbr-73	366	5	value	value	NOUN
afbr-73	366	6	of	of	ADP
afbr-73	366	7	10.56582	10.56582	NUM
afbr-73	366	8	and	and	CCONJ
afbr-73	366	9	the	the	DET
afbr-73	366	10	probability	probability	NOUN
afbr-73	366	11	of	of	ADP
afbr-73	366	12	0.000002	0.000002	NUM
afbr-73	366	13	(	(	PUNCT
afbr-73	366	14	p<0.05	p<0.05	PROPN
afbr-73	366	15	)	)	PUNCT
afbr-73	366	16	shows	show	VERB
afbr-73	366	17	that	that	SCONJ
afbr-73	366	18	the	the	DET
afbr-73	366	19	independent	independent	ADJ
afbr-73	366	20	variables	variable	NOUN
afbr-73	366	21	are	be	AUX
afbr-73	366	22	jointly	jointly	ADV
afbr-73	366	23	statistically	statistically	ADV
afbr-73	366	24	significant	significant	ADJ
afbr-73	366	25	in	in	ADP
afbr-73	366	26	explaining	explain	VERB
afbr-73	366	27	changes	change	NOUN
afbr-73	366	28	in	in	ADP
afbr-73	366	29	the	the	DET
afbr-73	366	30	dependent	dependent	ADJ
afbr-73	366	31	variable	variable	NOUN
afbr-73	366	32	.	.	PUNCT
afbr-73	367	1	specifically	specifically	ADV
afbr-73	367	2	,	,	PUNCT
afbr-73	367	3	the	the	DET
afbr-73	367	4	results	result	NOUN
afbr-73	367	5	from	from	ADP
afbr-73	367	6	the	the	DET
afbr-73	367	7	table	table	NOUN
afbr-73	367	8	show	show	NOUN
afbr-73	367	9	that	that	SCONJ
afbr-73	367	10	all	all	DET
afbr-73	367	11	the	the	DET
afbr-73	367	12	independent	independent	ADJ
afbr-73	367	13	variables	variable	NOUN
afbr-73	367	14	have	have	VERB
afbr-73	367	15	positive	positive	ADJ
afbr-73	367	16	impact	impact	NOUN
afbr-73	367	17	on	on	ADP
afbr-73	367	18	corporate	corporate	ADJ
afbr-73	367	19	earnings	earning	NOUN
afbr-73	367	20	.	.	PUNCT
afbr-73	368	1	the	the	DET
afbr-73	368	2	β	β	PROPN
afbr-73	368	3	coefficient	coefficient	NOUN
afbr-73	368	4	of	of	ADP
afbr-73	368	5	0.07ctc	0.07ctc	NOUN
afbr-73	368	6	,	,	PUNCT
afbr-73	368	7	0.05ccp	0.05ccp	NUM
afbr-73	368	8	,	,	PUNCT
afbr-73	368	9	0.59cbl	0.59cbl	NUM
afbr-73	368	10	and	and	CCONJ
afbr-73	368	11	1.93cba	1.93cba	NUM
afbr-73	368	12	proved	prove	VERB
afbr-73	368	13	that	that	SCONJ
afbr-73	368	14	a	a	DET
afbr-73	368	15	unit	unit	NOUN
afbr-73	368	16	increase	increase	NOUN
afbr-73	368	17	on	on	ADP
afbr-73	368	18	the	the	DET
afbr-73	368	19	variables	variable	NOUN
afbr-73	368	20	will	will	AUX
afbr-73	368	21	lead	lead	VERB
afbr-73	368	22	to	to	ADP
afbr-73	368	23	0.7	0.7	NUM
afbr-73	368	24	%	%	NOUN
afbr-73	368	25	,	,	PUNCT
afbr-73	368	26	0.5	0.5	NUM
afbr-73	368	27	%	%	NOUN
afbr-73	368	28	,	,	PUNCT
afbr-73	368	29	variable	variable	NOUN
afbr-73	368	30	pooled	pool	VERB
afbr-73	368	31	effect	effect	NOUN
afbr-73	368	32	fixed	fix	VERB
afbr-73	368	33	effect	effect	NOUN
afbr-73	368	34	random	random	ADJ
afbr-73	368	35	effect	effect	NOUN
afbr-73	368	36	coefficient	coefficient	NOUN
afbr-73	368	37	t.	t.	PROPN
afbr-73	368	38	stat	stat	PROPN
afbr-73	368	39	p.	p.	PROPN
afbr-73	368	40	value	value	NOUN
afbr-73	369	1	coefficient	coefficient	NOUN
afbr-73	369	2	t.	t.	PROPN
afbr-73	369	3	stat	stat	PROPN
afbr-73	369	4	p.	p.	PROPN
afbr-73	369	5	value	value	NOUN
afbr-73	369	6	coefficient	coefficient	NOUN
afbr-73	369	7	t.	t.	PROPN
afbr-73	369	8	stat	stat	PROPN
afbr-73	369	9	p.	p.	PROPN
afbr-73	369	10	value	value	NOUN
afbr-73	369	11	ctc	ctc	PROPN
afbr-73	369	12	0.148625	0.148625	NUM
afbr-73	369	13	1.507153	1.507153	NUM
afbr-73	369	14	0.1376	0.1376	NUM
afbr-73	369	15	0.078310	0.078310	NUM
afbr-73	369	16	0.604458	0.604458	NUM
afbr-73	369	17	0.5486	0.5486	NUM
afbr-73	369	18	0.113456	0.113456	NUM
afbr-73	369	19	1.016388	1.016388	NUM
afbr-73	369	20	0.3140	0.3140	NUM
afbr-73	369	21	ccp	ccp	PROPN
afbr-73	369	22	-0.192515	-0.192515	NOUN
afbr-73	369	23	-1.607329	-1.607329	PROPN
afbr-73	370	1	0.1138	0.1138	NUM
afbr-73	370	2	0.052741	0.052741	NUM
afbr-73	370	3	0.341880	0.341880	NUM
afbr-73	370	4	0.7340	0.7340	NUM
afbr-73	370	5	-0.062976	-0.062976	NOUN
afbr-73	370	6	-0.470742	-0.470742	NOUN
afbr-73	370	7	0.6397	0.6397	NUM
afbr-73	370	8	cbl	cbl	VERB
afbr-73	370	9	0.622104	0.622104	PROPN
afbr-73	370	10	5.390628	5.390628	NUM
afbr-73	370	11	0.0000	0.0000	NUM
afbr-73	370	12	0.594419	0.594419	NUM
afbr-73	370	13	4.236145	4.236145	NUM
afbr-73	370	14	0.0001	0.0001	NUM
afbr-73	370	15	0.621364	0.621364	NUM
afbr-73	370	16	4.983027	4.983027	NUM
afbr-73	370	17	0.0000	0.0000	NUM
afbr-73	370	18	cba	cba	PROPN
afbr-73	370	19	1.795160	1.795160	NUM
afbr-73	370	20	1.289044	1.289044	NUM
afbr-73	370	21	0.2029	0.2029	NUM
afbr-73	370	22	1.930450	1.930450	NUM
afbr-73	370	23	1.463949	1.463949	NUM
afbr-73	370	24	0.1502	0.1502	NUM
afbr-73	370	25	1.903991	1.903991	NUM
afbr-73	370	26	1.471854	1.471854	NUM
afbr-73	370	27	0.1469	0.1469	NUM
afbr-73	370	28	c	c	ADP
afbr-73	370	29	4.587419	4.587419	NUM
afbr-73	370	30	2.231603	2.231603	NUM
afbr-73	370	31	0.0298	0.0298	NUM
afbr-73	370	32	2.965692	2.965692	NUM
afbr-73	370	33	1.204819	1.204819	NUM
afbr-73	370	34	0.2346	0.2346	NUM
afbr-73	370	35	3.532629	3.532629	NUM
afbr-73	370	36	1.590599	1.590599	NUM
afbr-73	370	37	0.1175	0.1175	NUM
afbr-73	370	38	r2	r2	NOUN
afbr-73	370	39	0.439038	0.439038	NUM
afbr-73	370	40	0.631479	0.631479	NUM
afbr-73	370	41	0.360257	0.360257	NUM
afbr-73	370	42	adjr2	adjr2	NOUN
afbr-73	370	43	0.397486	0.397486	NUM
afbr-73	370	44	0.525017	0.525017	NUM
afbr-73	370	45	0.312868	0.312868	NUM
afbr-73	370	46	f	f	X
afbr-73	370	47	-	-	PUNCT
afbr-73	370	48	stat	stat	PROPN
afbr-73	370	49	10.56582	10.56582	NUM
afbr-73	370	50	5.931506	5.931506	NUM
afbr-73	370	51	7.602212	7.602212	NUM
afbr-73	370	52	fprob	fprob	ADJ
afbr-73	370	53	0.000002	0.000002	NUM
afbr-73	370	54	0.000003	0.000003	NUM
afbr-73	370	55	0.000062	0.000062	NUM
afbr-73	370	56	d	d	NOUN
afbr-73	370	57	w	w	PROPN
afbr-73	370	58	1.094674	1.094674	NUM
afbr-73	370	59	2.139366	2.139366	NUM
afbr-73	370	60	1.773717	1.773717	NUM
afbr-73	370	61	cost	cost	NOUN
afbr-73	370	62	of	of	ADP
afbr-73	370	63	capital	capital	NOUN
afbr-73	370	64	and	and	CCONJ
afbr-73	370	65	corporate	corporate	ADJ
afbr-73	370	66	earning	earning	NOUN
afbr-73	370	67	of	of	ADP
afbr-73	370	68	nigeria	nigeria	PROPN
afbr-73	370	69	quoted	quote	VERB
afbr-73	370	70	firms	firm	NOUN
afbr-73	370	71	:	:	PUNCT
afbr-73	370	72	a	a	DET
afbr-73	370	73	multi	multi	ADJ
afbr-73	370	74	-	-	ADJ
afbr-73	370	75	dimensional	dimensional	ADJ
afbr-73	370	76	analysis	analysis	NOUN
afbr-73	370	77	of	of	ADP
afbr-73	370	78	quoted	quote	VERB
afbr-73	370	79	firms	firm	NOUN
afbr-73	370	80	in	in	ADP
afbr-73	370	81	nigeria	nigeria	PROPN
afbr-73	370	82	lucky	lucky	ADJ
afbr-73	370	83	anyike	anyike	ADP
afbr-73	370	84	lucky	lucky	ADJ
afbr-73	370	85	62	62	NUM
afbr-73	370	86	5.9	5.9	NUM
afbr-73	370	87	%	%	NOUN
afbr-73	370	88	and	and	CCONJ
afbr-73	370	89	19.3	19.3	NUM
afbr-73	370	90	%	%	NOUN
afbr-73	370	91	increase	increase	NOUN
afbr-73	370	92	on	on	ADP
afbr-73	370	93	the	the	DET
afbr-73	370	94	dependent	dependent	ADJ
afbr-73	370	95	variables	variable	NOUN
afbr-73	370	96	.	.	PUNCT
afbr-73	371	1	the	the	DET
afbr-73	371	2	t	t	PROPN
afbr-73	371	3	-	-	PUNCT
afbr-73	371	4	statistics	statistic	NOUN
afbr-73	371	5	and	and	CCONJ
afbr-73	371	6	the	the	DET
afbr-73	371	7	probability	probability	NOUN
afbr-73	371	8	value	value	NOUN
afbr-73	371	9	shows	show	VERB
afbr-73	371	10	that	that	SCONJ
afbr-73	371	11	only	only	ADV
afbr-73	371	12	commercial	commercial	ADJ
afbr-73	371	13	banks	bank	NOUN
afbr-73	371	14	short	short	ADJ
afbr-73	371	15	term	term	NOUN
afbr-73	371	16	cost	cost	NOUN
afbr-73	371	17	of	of	ADP
afbr-73	371	18	capital	capital	NOUN
afbr-73	371	19	is	be	AUX
afbr-73	371	20	statistically	statistically	ADV
afbr-73	371	21	significant	significant	ADJ
afbr-73	371	22	while	while	SCONJ
afbr-73	371	23	others	other	NOUN
afbr-73	371	24	are	be	AUX
afbr-73	371	25	statistically	statistically	ADV
afbr-73	371	26	not	not	PART
afbr-73	371	27	significant	significant	ADJ
afbr-73	371	28	at	at	ADP
afbr-73	371	29	5	5	NUM
afbr-73	371	30	%	%	NOUN
afbr-73	371	31	level	level	NOUN
afbr-73	371	32	of	of	ADP
afbr-73	371	33	significance	significance	NOUN
afbr-73	371	34	.	.	PUNCT
afbr-73	372	1	the	the	DET
afbr-73	372	2	insignificant	insignificant	ADJ
afbr-73	372	3	impact	impact	NOUN
afbr-73	372	4	of	of	ADP
afbr-73	372	5	the	the	DET
afbr-73	372	6	variables	variable	NOUN
afbr-73	372	7	could	could	AUX
afbr-73	372	8	be	be	AUX
afbr-73	372	9	traced	trace	VERB
afbr-73	372	10	to	to	ADP
afbr-73	372	11	the	the	DET
afbr-73	372	12	fact	fact	NOUN
afbr-73	372	13	that	that	SCONJ
afbr-73	372	14	the	the	DET
afbr-73	372	15	companies	company	NOUN
afbr-73	372	16	do	do	AUX
afbr-73	372	17	not	not	PART
afbr-73	372	18	utilize	utilize	VERB
afbr-73	372	19	some	some	PRON
afbr-73	372	20	of	of	ADP
afbr-73	372	21	the	the	DET
afbr-73	372	22	credit	credit	NOUN
afbr-73	372	23	facilities	facility	NOUN
afbr-73	372	24	in	in	ADP
afbr-73	372	25	nigeria	nigeria	PROPN
afbr-73	372	26	.	.	PUNCT
afbr-73	373	1	the	the	DET
afbr-73	373	2	positive	positive	ADJ
afbr-73	373	3	effect	effect	NOUN
afbr-73	373	4	of	of	ADP
afbr-73	373	5	the	the	DET
afbr-73	373	6	variables	variable	NOUN
afbr-73	373	7	are	be	AUX
afbr-73	373	8	contrary	contrary	ADJ
afbr-73	373	9	to	to	ADP
afbr-73	373	10	the	the	DET
afbr-73	373	11	expectation	expectation	NOUN
afbr-73	373	12	of	of	ADP
afbr-73	373	13	the	the	DET
afbr-73	373	14	results	result	NOUN
afbr-73	373	15	and	and	CCONJ
afbr-73	373	16	could	could	AUX
afbr-73	373	17	be	be	AUX
afbr-73	373	18	traced	trace	VERB
afbr-73	373	19	to	to	ADP
afbr-73	373	20	the	the	DET
afbr-73	373	21	fact	fact	NOUN
afbr-73	373	22	that	that	SCONJ
afbr-73	373	23	the	the	DET
afbr-73	373	24	management	management	NOUN
afbr-73	373	25	formulate	formulate	VERB
afbr-73	373	26	policies	policy	NOUN
afbr-73	373	27	that	that	PRON
afbr-73	373	28	will	will	AUX
afbr-73	373	29	hedge	hedge	VERB
afbr-73	373	30	against	against	ADP
afbr-73	373	31	the	the	DET
afbr-73	373	32	negative	negative	ADJ
afbr-73	373	33	impact	impact	NOUN
afbr-73	373	34	of	of	ADP
afbr-73	373	35	cost	cost	NOUN
afbr-73	373	36	of	of	ADP
afbr-73	373	37	capital	capital	NOUN
afbr-73	373	38	on	on	ADP
afbr-73	373	39	corporate	corporate	ADJ
afbr-73	373	40	earnings	earning	NOUN
afbr-73	373	41	.	.	PUNCT
afbr-73	374	1	this	this	DET
afbr-73	374	2	findings	finding	NOUN
afbr-73	374	3	confirms	confirm	VERB
afbr-73	374	4	the	the	DET
afbr-73	374	5	findings	finding	NOUN
afbr-73	374	6	of	of	ADP
afbr-73	374	7	osiegbu	osiegbu	NOUN
afbr-73	374	8	(	(	PUNCT
afbr-73	374	9	2005	2005	NUM
afbr-73	374	10	)	)	PUNCT
afbr-73	374	11	on	on	ADP
afbr-73	374	12	the	the	DET
afbr-73	374	13	positive	positive	ADJ
afbr-73	374	14	effect	effect	NOUN
afbr-73	374	15	of	of	ADP
afbr-73	374	16	interest	interest	NOUN
afbr-73	374	17	rate	rate	NOUN
afbr-73	374	18	and	and	CCONJ
afbr-73	374	19	commercial	commercial	ADJ
afbr-73	374	20	bank	bank	NOUN
afbr-73	374	21	credit	credit	NOUN
afbr-73	374	22	which	which	PRON
afbr-73	374	23	he	he	PRON
afbr-73	374	24	blamed	blame	VERB
afbr-73	374	25	unstructured	unstructured	ADJ
afbr-73	374	26	nature	nature	NOUN
afbr-73	374	27	of	of	ADP
afbr-73	374	28	the	the	DET
afbr-73	374	29	financial	financial	ADJ
afbr-73	374	30	market	market	NOUN
afbr-73	374	31	that	that	PRON
afbr-73	374	32	does	do	AUX
afbr-73	374	33	not	not	PART
afbr-73	374	34	give	give	VERB
afbr-73	374	35	borrowers	borrower	NOUN
afbr-73	374	36	alternative	alternative	ADJ
afbr-73	374	37	source	source	NOUN
afbr-73	374	38	of	of	ADP
afbr-73	374	39	funding	funding	NOUN
afbr-73	374	40	.	.	PUNCT
afbr-73	375	1	table	table	NOUN
afbr-73	375	2	2	2	NUM
afbr-73	375	3	:	:	PUNCT
afbr-73	375	4	medium	medium	ADJ
afbr-73	375	5	term	term	NOUN
afbr-73	375	6	cost	cost	NOUN
afbr-73	375	7	of	of	ADP
afbr-73	375	8	fund	fund	NOUN
afbr-73	375	9	and	and	CCONJ
afbr-73	375	10	corporate	corporate	ADJ
afbr-73	375	11	earnings	earning	NOUN
afbr-73	375	12	the	the	DET
afbr-73	375	13	effect	effect	NOUN
afbr-73	375	14	of	of	ADP
afbr-73	375	15	medium	medium	ADJ
afbr-73	375	16	term	term	NOUN
afbr-73	375	17	cost	cost	NOUN
afbr-73	375	18	of	of	ADP
afbr-73	375	19	capital	capital	NOUN
afbr-73	375	20	and	and	CCONJ
afbr-73	375	21	corporate	corporate	ADJ
afbr-73	375	22	earnings	earning	NOUN
afbr-73	375	23	of	of	ADP
afbr-73	375	24	the	the	DET
afbr-73	375	25	quoted	quote	VERB
afbr-73	375	26	firms	firm	NOUN
afbr-73	375	27	is	be	AUX
afbr-73	375	28	presented	present	VERB
afbr-73	375	29	in	in	ADP
afbr-73	375	30	the	the	DET
afbr-73	375	31	table	table	NOUN
afbr-73	375	32	below	below	ADP
afbr-73	375	33	source	source	NOUN
afbr-73	375	34	:	:	PUNCT
afbr-73	375	35	computed	compute	VERB
afbr-73	375	36	by	by	ADP
afbr-73	375	37	researcher	researcher	NOUN
afbr-73	375	38	from	from	ADP
afbr-73	375	39	e	e	NOUN
afbr-73	375	40	-	-	NOUN
afbr-73	375	41	view	view	VERB
afbr-73	375	42	9.0	9.0	NUM
afbr-73	375	43	the	the	DET
afbr-73	375	44	hausman	hausman	ADJ
afbr-73	375	45	test	test	NOUN
afbr-73	375	46	is	be	AUX
afbr-73	375	47	used	use	VERB
afbr-73	375	48	in	in	ADP
afbr-73	375	49	panel	panel	NOUN
afbr-73	375	50	data	datum	NOUN
afbr-73	375	51	to	to	PART
afbr-73	375	52	ascertain	ascertain	VERB
afbr-73	375	53	the	the	DET
afbr-73	375	54	most	most	ADV
afbr-73	375	55	appropriate	appropriate	ADJ
afbr-73	375	56	model	model	NOUN
afbr-73	375	57	.	.	PUNCT
afbr-73	376	1	this	this	DET
afbr-73	376	2	test	test	NOUN
afbr-73	376	3	was	be	AUX
afbr-73	376	4	conducted	conduct	VERB
afbr-73	376	5	on	on	ADP
afbr-73	376	6	the	the	DET
afbr-73	376	7	effect	effect	NOUN
afbr-73	376	8	of	of	ADP
afbr-73	376	9	medium	medium	ADJ
afbr-73	376	10	term	term	NOUN
afbr-73	376	11	cost	cost	NOUN
afbr-73	376	12	of	of	ADP
afbr-73	376	13	capital	capital	NOUN
afbr-73	376	14	and	and	CCONJ
afbr-73	376	15	corporate	corporate	ADJ
afbr-73	376	16	earnings	earning	NOUN
afbr-73	376	17	of	of	ADP
afbr-73	376	18	quoted	quote	VERB
afbr-73	376	19	firms	firm	NOUN
afbr-73	376	20	in	in	ADP
afbr-73	376	21	nigeria	nigeria	PROPN
afbr-73	376	22	as	as	SCONJ
afbr-73	376	23	reported	report	VERB
afbr-73	376	24	in	in	ADP
afbr-73	376	25	the	the	DET
afbr-73	376	26	table	table	NOUN
afbr-73	376	27	2	2	NUM
afbr-73	376	28	above	above	ADV
afbr-73	376	29	.	.	PUNCT
afbr-73	377	1	the	the	DET
afbr-73	377	2	p	p	NOUN
afbr-73	377	3	-	-	PUNCT
afbr-73	377	4	value	value	NOUN
afbr-73	377	5	obtained	obtain	VERB
afbr-73	377	6	from	from	ADP
afbr-73	377	7	hauseman	hauseman	NOUN
afbr-73	377	8	test	test	NOUN
afbr-73	377	9	was	be	AUX
afbr-73	377	10	not	not	PART
afbr-73	377	11	significant	significant	ADJ
afbr-73	377	12	;	;	PUNCT
afbr-73	377	13	therefore	therefore	ADV
afbr-73	377	14	the	the	DET
afbr-73	377	15	random	random	ADJ
afbr-73	377	16	effects	effect	NOUN
afbr-73	377	17	model	model	NOUN
afbr-73	377	18	was	be	AUX
afbr-73	377	19	the	the	DET
afbr-73	377	20	most	most	ADV
afbr-73	377	21	appropriate	appropriate	ADJ
afbr-73	377	22	model	model	NOUN
afbr-73	377	23	.	.	PUNCT
afbr-73	378	1	from	from	ADP
afbr-73	378	2	the	the	DET
afbr-73	378	3	table	table	NOUN
afbr-73	378	4	the	the	DET
afbr-73	378	5	r	r	NOUN
afbr-73	378	6	-	-	PUNCT
afbr-73	378	7	square	square	NOUN
afbr-73	378	8	and	and	CCONJ
afbr-73	378	9	the	the	DET
afbr-73	378	10	adjusted	adjusted	ADJ
afbr-73	378	11	r	r	NOUN
afbr-73	378	12	-	-	PUNCT
afbr-73	378	13	square	square	NOUN
afbr-73	378	14	proved	prove	VERB
afbr-73	378	15	that	that	SCONJ
afbr-73	378	16	7.1	7.1	NUM
afbr-73	378	17	%	%	NOUN
afbr-73	378	18	and	and	CCONJ
afbr-73	378	19	0.2	0.2	NUM
afbr-73	378	20	%	%	NOUN
afbr-73	378	21	variation	variation	NOUN
afbr-73	378	22	on	on	ADP
afbr-73	378	23	corporate	corporate	ADJ
afbr-73	378	24	variable	variable	NOUN
afbr-73	378	25	pooled	pool	VERB
afbr-73	378	26	effect	effect	NOUN
afbr-73	378	27	fixed	fix	VERB
afbr-73	378	28	effect	effect	NOUN
afbr-73	379	1	random	random	ADJ
afbr-73	379	2	effect	effect	NOUN
afbr-73	379	3	coefficient	coefficient	NOUN
afbr-73	379	4	t.	t.	PROPN
afbr-73	379	5	stat	stat	PROPN
afbr-73	379	6	p.	p.	PROPN
afbr-73	379	7	value	value	NOUN
afbr-73	379	8	coefficient	coefficient	NOUN
afbr-73	379	9	t.	t.	PROPN
afbr-73	379	10	stat	stat	PROPN
afbr-73	379	11	p.	p.	PROPN
afbr-73	379	12	value	value	NOUN
afbr-73	379	13	coefficient	coefficient	NOUN
afbr-73	379	14	t.	t.	PROPN
afbr-73	379	15	stat	stat	PROPN
afbr-73	379	16	p.	p.	PROPN
afbr-73	379	17	value	value	NOUN
afbr-73	379	18	crc	crc	NOUN
afbr-73	379	19	0.031876	0.031876	NUM
afbr-73	379	20	0.455749	0.455749	NUM
afbr-73	379	21	0.6504	0.6504	NUM
afbr-73	379	22	-0.089468	-0.089468	NOUN
afbr-73	379	23	-1.326536	-1.326536	NOUN
afbr-73	379	24	0.1914	0.1914	NUM
afbr-73	379	25	-0.059849	-0.059849	NOUN
afbr-73	379	26	-0.928629	-0.928629	ADJ
afbr-73	379	27	0.3572	0.3572	NUM
afbr-73	379	28	clc	clc	PROPN
afbr-73	379	29	-0.005308	-0.005308	PROPN
afbr-73	379	30	-0.133859	-0.133859	PROPN
afbr-73	380	1	0.8940	0.8940	NUM
afbr-73	380	2	-0.026842	-0.026842	PUNCT
afbr-73	380	3	-0.842099	-0.842099	VERB
afbr-73	380	4	0.4042	0.4042	NUM
afbr-73	380	5	-0.021463	-0.021463	ADV
afbr-73	380	6	-0.679823	-0.679823	PROPN
afbr-73	381	1	0.4995	0.4995	NUM
afbr-73	381	2	cl	cl	NOUN
afbr-73	381	3	0.091047	0.091047	NUM
afbr-73	381	4	0.603850	0.603850	NUM
afbr-73	381	5	0.5485	0.5485	NUM
afbr-73	381	6	0.233101	0.233101	NUM
afbr-73	381	7	1.787617	1.787617	NUM
afbr-73	381	8	0.0806	0.0806	NUM
afbr-73	381	9	0.201724	0.201724	NUM
afbr-73	381	10	1.579846	1.579846	NUM
afbr-73	381	11	0.1200	0.1200	NUM
afbr-73	381	12	chp	chp	NOUN
afbr-73	381	13	0.006578	0.006578	NUM
afbr-73	381	14	0.177444	0.177444	NUM
afbr-73	381	15	0.8598	0.8598	NUM
afbr-73	381	16	-0.011139	-0.011139	NOUN
afbr-73	381	17	-0.334829	-0.334829	NOUN
afbr-73	382	1	0.7393	0.7393	NUM
afbr-73	382	2	-0.005666	-0.005666	NOUN
afbr-73	382	3	-0.175118	-0.175118	NOUN
afbr-73	383	1	0.8616	0.8616	NUM
afbr-73	383	2	c	c	NOUN
afbr-73	383	3	11.74427	11.74427	NUM
afbr-73	383	4	18.79303	18.79303	NUM
afbr-73	383	5	0.0000	0.0000	NUM
afbr-73	383	6	12.17721	12.17721	NUM
afbr-73	383	7	22.19156	22.19156	NUM
afbr-73	383	8	0.0000	0.0000	NUM
afbr-73	383	9	12.05265	12.05265	NUM
afbr-73	383	10	19.07939	19.07939	NUM
afbr-73	383	11	0.0000	0.0000	NUM
afbr-73	383	12	r2	r2	NOUN
afbr-73	383	13	0.010604	0.010604	NUM
afbr-73	383	14	0.515421	0.515421	NUM
afbr-73	383	15	0.071086	0.071086	NUM
afbr-73	383	16	adjr2	adjr2	NOUN
afbr-73	383	17	-0.062685	-0.062685	VERB
afbr-73	383	18	0.375432	0.375432	NUM
afbr-73	383	19	0.002277	0.002277	NUM
afbr-73	383	20	f	f	X
afbr-73	383	21	-	-	PUNCT
afbr-73	383	22	stat	stat	VERB
afbr-73	383	23	0.144687	0.144687	NUM
afbr-73	383	24	3.681857	3.681857	NUM
afbr-73	383	25	1.033094	1.033094	NUM
afbr-73	383	26	fprob	fprob	ADP
afbr-73	383	27	0.964582	0.964582	NUM
afbr-73	383	28	0.000543	0.000543	NUM
afbr-73	383	29	0.398680	0.398680	NUM
afbr-73	383	30	d	d	SYM
afbr-73	383	31	w	w	ADP
afbr-73	383	32	1.257586	1.257586	NUM
afbr-73	383	33	2.296105	2.296105	NUM
afbr-73	383	34	1.992811	1.992811	NUM
afbr-73	383	35	redundant	redundant	ADJ
afbr-73	383	36	fixed	fix	VERB
afbr-73	383	37	effects	effect	NOUN
afbr-73	383	38	tests	test	VERB
afbr-73	383	39	effects	effect	NOUN
afbr-73	383	40	test	test	NOUN
afbr-73	383	41	statistic	statistic	PROPN
afbr-73	383	42	d.f	d.f	PROPN
afbr-73	383	43	.	.	PROPN
afbr-73	383	44	prob	prob	PROPN
afbr-73	383	45	.	.	PUNCT
afbr-73	384	1	cross	cross	NOUN
afbr-73	384	2	-	-	NOUN
afbr-73	384	3	section	section	ADJ
afbr-73	384	4	f	f	PROPN
afbr-73	384	5	5.208824	5.208824	NUM
afbr-73	384	6	(	(	PUNCT
afbr-73	384	7	9,45	9,45	NUM
afbr-73	384	8	)	)	PUNCT
afbr-73	384	9	0.0001	0.0001	NUM
afbr-73	384	10	cross	cross	ADJ
afbr-73	384	11	-	-	ADJ
afbr-73	384	12	section	section	ADJ
afbr-73	384	13	chi	chi	ADJ
afbr-73	384	14	-	-	PUNCT
afbr-73	384	15	square	square	NOUN
afbr-73	384	16	42.115058	42.115058	NUM
afbr-73	384	17	9	9	NUM
afbr-73	384	18	0.0000	0.0000	NUM
afbr-73	384	19	correlated	correlate	VERB
afbr-73	384	20	random	random	ADJ
afbr-73	384	21	effects	effect	NOUN
afbr-73	384	22	hausman	hausman	PROPN
afbr-73	384	23	test	test	PROPN
afbr-73	384	24	cross	cross	NOUN
afbr-73	384	25	-	-	NOUN
afbr-73	384	26	section	section	ADJ
afbr-73	384	27	random	random	ADJ
afbr-73	384	28	2.714876	2.714876	NUM
afbr-73	384	29	4	4	NUM
afbr-73	384	30	0.6066	0.6066	NUM
afbr-73	384	31	cost	cost	NOUN
afbr-73	384	32	of	of	ADP
afbr-73	384	33	capital	capital	NOUN
afbr-73	384	34	and	and	CCONJ
afbr-73	384	35	corporate	corporate	ADJ
afbr-73	384	36	earning	earning	NOUN
afbr-73	384	37	of	of	ADP
afbr-73	384	38	nigeria	nigeria	PROPN
afbr-73	384	39	quoted	quote	VERB
afbr-73	384	40	firms	firm	NOUN
afbr-73	384	41	:	:	PUNCT
afbr-73	384	42	a	a	DET
afbr-73	384	43	multi	multi	ADJ
afbr-73	384	44	-	-	ADJ
afbr-73	384	45	dimensional	dimensional	ADJ
afbr-73	384	46	analysis	analysis	NOUN
afbr-73	384	47	of	of	ADP
afbr-73	384	48	quoted	quote	VERB
afbr-73	384	49	firms	firm	NOUN
afbr-73	384	50	in	in	ADP
afbr-73	384	51	nigeria	nigeria	PROPN
afbr-73	385	1	lucky	lucky	ADJ
afbr-73	385	2	anyike	anyike	ADP
afbr-73	385	3	lucky	lucky	ADJ
afbr-73	385	4	63	63	NUM
afbr-73	385	5	earnings	earning	NOUN
afbr-73	385	6	can	can	AUX
afbr-73	385	7	be	be	AUX
afbr-73	385	8	explained	explain	VERB
afbr-73	385	9	by	by	ADP
afbr-73	385	10	the	the	DET
afbr-73	385	11	variation	variation	NOUN
afbr-73	385	12	on	on	ADP
afbr-73	385	13	the	the	DET
afbr-73	385	14	cost	cost	NOUN
afbr-73	385	15	of	of	ADP
afbr-73	385	16	various	various	ADJ
afbr-73	385	17	component	component	NOUN
afbr-73	385	18	of	of	ADP
afbr-73	385	19	medium	medium	ADJ
afbr-73	385	20	term	term	NOUN
afbr-73	385	21	cost	cost	NOUN
afbr-73	385	22	of	of	ADP
afbr-73	385	23	capital	capital	NOUN
afbr-73	385	24	.	.	PUNCT
afbr-73	386	1	the	the	DET
afbr-73	386	2	f	f	NOUN
afbr-73	386	3	-	-	PUNCT
afbr-73	386	4	statistic	statistic	ADJ
afbr-73	386	5	value	value	NOUN
afbr-73	386	6	of	of	ADP
afbr-73	386	7	1.0398680	1.0398680	NUM
afbr-73	386	8	and	and	CCONJ
afbr-73	386	9	the	the	DET
afbr-73	386	10	probability	probability	NOUN
afbr-73	386	11	of	of	ADP
afbr-73	386	12	0.398680	0.398680	NUM
afbr-73	386	13	(	(	PUNCT
afbr-73	386	14	p>0.05	p>0.05	NOUN
afbr-73	386	15	)	)	PUNCT
afbr-73	386	16	shows	show	VERB
afbr-73	386	17	that	that	SCONJ
afbr-73	386	18	the	the	DET
afbr-73	386	19	independent	independent	ADJ
afbr-73	386	20	variables	variable	NOUN
afbr-73	386	21	are	be	AUX
afbr-73	386	22	jointly	jointly	ADV
afbr-73	386	23	statistically	statistically	ADV
afbr-73	386	24	not	not	PART
afbr-73	386	25	significant	significant	ADJ
afbr-73	386	26	in	in	ADP
afbr-73	386	27	explaining	explain	VERB
afbr-73	386	28	changes	change	NOUN
afbr-73	386	29	in	in	ADP
afbr-73	386	30	the	the	DET
afbr-73	386	31	dependent	dependent	ADJ
afbr-73	386	32	variable	variable	NOUN
afbr-73	386	33	.	.	PUNCT
afbr-73	387	1	specifically	specifically	ADV
afbr-73	387	2	,	,	PUNCT
afbr-73	387	3	the	the	DET
afbr-73	387	4	results	result	NOUN
afbr-73	387	5	from	from	ADP
afbr-73	387	6	the	the	DET
afbr-73	387	7	table	table	NOUN
afbr-73	387	8	show	show	NOUN
afbr-73	387	9	that	that	SCONJ
afbr-73	387	10	all	all	DET
afbr-73	387	11	the	the	DET
afbr-73	387	12	independent	independent	ADJ
afbr-73	387	13	variables	variable	NOUN
afbr-73	387	14	have	have	VERB
afbr-73	387	15	positive	positive	ADJ
afbr-73	387	16	impact	impact	NOUN
afbr-73	387	17	on	on	ADP
afbr-73	387	18	corporate	corporate	ADJ
afbr-73	387	19	earnings	earning	NOUN
afbr-73	387	20	.	.	PUNCT
afbr-73	388	1	the	the	DET
afbr-73	388	2	β	β	PROPN
afbr-73	388	3	coefficient	coefficient	NOUN
afbr-73	388	4	of	of	ADP
afbr-73	388	5	-0.59crc	-0.59crc	PROPN
afbr-73	388	6	,	,	PUNCT
afbr-73	388	7	-0.02clc	-0.02clc	NOUN
afbr-73	388	8	,	,	PUNCT
afbr-73	388	9	0.201cl	0.201cl	NUM
afbr-73	388	10	and	and	CCONJ
afbr-73	388	11	-0.006chp	-0.006chp	NOUN
afbr-73	388	12	proved	prove	VERB
afbr-73	388	13	that	that	SCONJ
afbr-73	388	14	a	a	DET
afbr-73	388	15	unit	unit	NOUN
afbr-73	388	16	increase	increase	NOUN
afbr-73	388	17	on	on	ADP
afbr-73	388	18	the	the	DET
afbr-73	388	19	variables	variable	NOUN
afbr-73	388	20	will	will	AUX
afbr-73	388	21	lead	lead	VERB
afbr-73	388	22	to	to	ADP
afbr-73	388	23	5.9	5.9	NUM
afbr-73	388	24	%	%	NOUN
afbr-73	388	25	,	,	PUNCT
afbr-73	388	26	0.2	0.2	NUM
afbr-73	388	27	%	%	NOUN
afbr-73	388	28	,	,	PUNCT
afbr-73	388	29	0.6	0.6	NUM
afbr-73	388	30	%	%	NOUN
afbr-73	388	31	decrease	decrease	NOUN
afbr-73	388	32	on	on	ADP
afbr-73	388	33	the	the	DET
afbr-73	388	34	dependent	dependent	ADJ
afbr-73	388	35	variables	variable	NOUN
afbr-73	388	36	while	while	SCONJ
afbr-73	388	37	the	the	DET
afbr-73	388	38	positive	positive	ADJ
afbr-73	388	39	coefficient	coefficient	NOUN
afbr-73	388	40	of	of	ADP
afbr-73	388	41	0.201cl	0.201cl	NUM
afbr-73	388	42	will	will	AUX
afbr-73	388	43	lead	lead	VERB
afbr-73	388	44	to	to	ADP
afbr-73	388	45	2.0	2.0	NUM
afbr-73	388	46	%	%	NOUN
afbr-73	388	47	increase	increase	NOUN
afbr-73	388	48	on	on	ADP
afbr-73	388	49	corporate	corporate	ADJ
afbr-73	388	50	earnings	earning	NOUN
afbr-73	388	51	.	.	PUNCT
afbr-73	389	1	the	the	DET
afbr-73	389	2	t	t	PROPN
afbr-73	389	3	-	-	PUNCT
afbr-73	389	4	statistics	statistic	NOUN
afbr-73	389	5	and	and	CCONJ
afbr-73	389	6	the	the	DET
afbr-73	389	7	probability	probability	NOUN
afbr-73	389	8	value	value	NOUN
afbr-73	389	9	shows	show	VERB
afbr-73	389	10	that	that	SCONJ
afbr-73	389	11	all	all	DET
afbr-73	389	12	the	the	DET
afbr-73	389	13	medium	medium	ADJ
afbr-73	389	14	term	term	NOUN
afbr-73	389	15	cost	cost	NOUN
afbr-73	389	16	of	of	ADP
afbr-73	389	17	capital	capital	NOUN
afbr-73	389	18	is	be	AUX
afbr-73	389	19	statistically	statistically	ADV
afbr-73	389	20	not	not	PART
afbr-73	389	21	at	at	ADP
afbr-73	389	22	5	5	NUM
afbr-73	389	23	%	%	NOUN
afbr-73	389	24	level	level	NOUN
afbr-73	389	25	of	of	ADP
afbr-73	389	26	significance	significance	NOUN
afbr-73	389	27	.	.	PUNCT
afbr-73	390	1	the	the	DET
afbr-73	390	2	negative	negative	ADJ
afbr-73	390	3	effect	effect	NOUN
afbr-73	390	4	of	of	ADP
afbr-73	390	5	the	the	DET
afbr-73	390	6	variables	variable	NOUN
afbr-73	390	7	,	,	PUNCT
afbr-73	390	8	the	the	DET
afbr-73	390	9	littlie	littlie	NOUN
afbr-73	390	10	explained	explain	VERB
afbr-73	390	11	variation	variation	NOUN
afbr-73	390	12	and	and	CCONJ
afbr-73	390	13	insignificant	insignificant	ADJ
afbr-73	390	14	impact	impact	NOUN
afbr-73	390	15	of	of	ADP
afbr-73	390	16	the	the	DET
afbr-73	390	17	variables	variable	NOUN
afbr-73	390	18	could	could	AUX
afbr-73	390	19	be	be	AUX
afbr-73	390	20	traced	trace	VERB
afbr-73	390	21	to	to	ADP
afbr-73	390	22	the	the	DET
afbr-73	390	23	fact	fact	NOUN
afbr-73	390	24	that	that	SCONJ
afbr-73	390	25	the	the	DET
afbr-73	390	26	companies	company	NOUN
afbr-73	390	27	do	do	AUX
afbr-73	390	28	not	not	PART
afbr-73	390	29	utilize	utilize	VERB
afbr-73	390	30	some	some	PRON
afbr-73	390	31	of	of	ADP
afbr-73	390	32	the	the	DET
afbr-73	390	33	credit	credit	NOUN
afbr-73	390	34	facilities	facility	NOUN
afbr-73	390	35	in	in	ADP
afbr-73	390	36	nigeria	nigeria	PROPN
afbr-73	390	37	.	.	PUNCT
afbr-73	391	1	the	the	DET
afbr-73	391	2	positive	positive	ADJ
afbr-73	391	3	effect	effect	NOUN
afbr-73	391	4	of	of	ADP
afbr-73	391	5	the	the	DET
afbr-73	391	6	variable	variable	NOUN
afbr-73	391	7	is	be	AUX
afbr-73	391	8	contrary	contrary	ADJ
afbr-73	391	9	to	to	ADP
afbr-73	391	10	the	the	DET
afbr-73	391	11	expectation	expectation	NOUN
afbr-73	391	12	of	of	ADP
afbr-73	391	13	the	the	DET
afbr-73	391	14	results	result	NOUN
afbr-73	391	15	and	and	CCONJ
afbr-73	391	16	could	could	AUX
afbr-73	391	17	be	be	AUX
afbr-73	391	18	traced	trace	VERB
afbr-73	391	19	to	to	ADP
afbr-73	391	20	the	the	DET
afbr-73	391	21	fact	fact	NOUN
afbr-73	391	22	that	that	SCONJ
afbr-73	391	23	the	the	DET
afbr-73	391	24	management	management	NOUN
afbr-73	391	25	formulate	formulate	VERB
afbr-73	391	26	policies	policy	NOUN
afbr-73	391	27	that	that	PRON
afbr-73	391	28	will	will	AUX
afbr-73	391	29	hedge	hedge	VERB
afbr-73	391	30	against	against	ADP
afbr-73	391	31	the	the	DET
afbr-73	391	32	negative	negative	ADJ
afbr-73	391	33	impact	impact	NOUN
afbr-73	391	34	of	of	ADP
afbr-73	391	35	cost	cost	NOUN
afbr-73	391	36	of	of	ADP
afbr-73	391	37	capital	capital	NOUN
afbr-73	391	38	on	on	ADP
afbr-73	391	39	corporate	corporate	ADJ
afbr-73	391	40	earnings	earning	NOUN
afbr-73	391	41	while	while	SCONJ
afbr-73	391	42	the	the	DET
afbr-73	391	43	negative	negative	ADJ
afbr-73	391	44	effect	effect	NOUN
afbr-73	391	45	confirm	confirm	VERB
afbr-73	391	46	the	the	DET
afbr-73	391	47	a	a	PRON
afbr-73	391	48	-	-	PUNCT
afbr-73	391	49	priori	priori	ADJ
afbr-73	391	50	expectation	expectation	NOUN
afbr-73	391	51	of	of	ADP
afbr-73	391	52	the	the	DET
afbr-73	391	53	results	result	NOUN
afbr-73	391	54	,	,	PUNCT
afbr-73	391	55	this	this	DET
afbr-73	391	56	findings	finding	NOUN
afbr-73	391	57	confirm	confirm	VERB
afbr-73	391	58	the	the	DET
afbr-73	391	59	findings	finding	NOUN
afbr-73	391	60	of	of	ADP
afbr-73	391	61	bitro	bitro	NOUN
afbr-73	391	62	and	and	CCONJ
afbr-73	391	63	john	john	PROPN
afbr-73	391	64	,	,	PUNCT
afbr-73	391	65	(	(	PUNCT
afbr-73	391	66	2001	2001	NUM
afbr-73	391	67	)	)	PUNCT
afbr-73	391	68	that	that	SCONJ
afbr-73	391	69	high	high	ADJ
afbr-73	391	70	risk	risk	NOUN
afbr-73	391	71	debts	debt	NOUN
afbr-73	391	72	might	might	AUX
afbr-73	391	73	discourage	discourage	VERB
afbr-73	391	74	investment	investment	NOUN
afbr-73	391	75	,	,	PUNCT
afbr-73	391	76	because	because	SCONJ
afbr-73	391	77	it	it	PRON
afbr-73	391	78	was	be	AUX
afbr-73	391	79	found	find	VERB
afbr-73	391	80	that	that	SCONJ
afbr-73	391	81	the	the	DET
afbr-73	391	82	relationship	relationship	NOUN
afbr-73	391	83	in	in	ADP
afbr-73	391	84	some	some	DET
afbr-73	391	85	companies	company	NOUN
afbr-73	391	86	was	be	AUX
afbr-73	391	87	negative	negative	ADJ
afbr-73	391	88	.	.	PUNCT
afbr-73	392	1	table	table	NOUN
afbr-73	392	2	3	3	NUM
afbr-73	392	3	:	:	PUNCT
afbr-73	392	4	long	long	ADJ
afbr-73	392	5	term	term	NOUN
afbr-73	392	6	cost	cost	NOUN
afbr-73	392	7	of	of	ADP
afbr-73	392	8	fund	fund	NOUN
afbr-73	392	9	and	and	CCONJ
afbr-73	392	10	corporate	corporate	ADJ
afbr-73	392	11	earnings	earning	NOUN
afbr-73	392	12	effects	effect	NOUN
afbr-73	392	13	test	test	NOUN
afbr-73	392	14	statistic	statistic	PROPN
afbr-73	392	15	d.f	d.f	PROPN
afbr-73	392	16	.	.	PROPN
afbr-73	392	17	prob	prob	PROPN
afbr-73	392	18	.	.	PUNCT
afbr-73	393	1	cross	cross	NOUN
afbr-73	393	2	-	-	NOUN
afbr-73	393	3	section	section	ADJ
afbr-73	393	4	f	f	PROPN
afbr-73	393	5	3.708518	3.708518	NUM
afbr-73	393	6	(	(	PUNCT
afbr-73	393	7	9,46	9,46	NUM
afbr-73	393	8	)	)	PUNCT
afbr-73	393	9	0.0015	0.0015	NUM
afbr-73	394	1	cross	cross	ADJ
afbr-73	394	2	-	-	NOUN
afbr-73	394	3	section	section	ADJ
afbr-73	394	4	chi	chi	ADJ
afbr-73	394	5	-	-	PUNCT
afbr-73	394	6	square	square	ADJ
afbr-73	394	7	32.188216	32.188216	NUM
afbr-73	394	8	9	9	NUM
afbr-73	394	9	0.0002	0.0002	NUM
afbr-73	394	10	correlated	correlate	VERB
afbr-73	394	11	random	random	ADJ
afbr-73	394	12	effects	effect	NOUN
afbr-73	394	13	hausman	hausman	PROPN
afbr-73	394	14	test	test	PROPN
afbr-73	394	15	cross	cross	NOUN
afbr-73	394	16	-	-	NOUN
afbr-73	394	17	section	section	ADJ
afbr-73	394	18	random	random	ADJ
afbr-73	394	19	8.024643	8.024643	NUM
afbr-73	394	20	3	3	NUM
afbr-73	394	21	0.0055	0.0055	NUM
afbr-73	394	22	source	source	NOUN
afbr-73	394	23	:	:	PUNCT
afbr-73	394	24	computed	compute	VERB
afbr-73	394	25	by	by	ADP
afbr-73	394	26	researcher	researcher	NOUN
afbr-73	394	27	from	from	ADP
afbr-73	394	28	e	e	NOUN
afbr-73	394	29	-	-	NOUN
afbr-73	394	30	view	view	VERB
afbr-73	394	31	9.0	9.0	NUM
afbr-73	394	32	the	the	DET
afbr-73	394	33	hausman	hausman	ADJ
afbr-73	394	34	test	test	NOUN
afbr-73	394	35	is	be	AUX
afbr-73	394	36	used	use	VERB
afbr-73	394	37	in	in	ADP
afbr-73	394	38	panel	panel	NOUN
afbr-73	394	39	data	datum	NOUN
afbr-73	394	40	to	to	PART
afbr-73	394	41	ascertain	ascertain	VERB
afbr-73	394	42	the	the	DET
afbr-73	394	43	most	most	ADV
afbr-73	394	44	appropriate	appropriate	ADJ
afbr-73	394	45	model	model	NOUN
afbr-73	394	46	.	.	PUNCT
afbr-73	395	1	this	this	DET
afbr-73	395	2	test	test	NOUN
afbr-73	395	3	was	be	AUX
afbr-73	395	4	conducted	conduct	VERB
afbr-73	395	5	on	on	ADP
afbr-73	395	6	the	the	DET
afbr-73	395	7	effect	effect	NOUN
afbr-73	395	8	of	of	ADP
afbr-73	395	9	long	long	ADJ
afbr-73	395	10	term	term	NOUN
afbr-73	395	11	cost	cost	NOUN
afbr-73	395	12	of	of	ADP
afbr-73	395	13	capital	capital	NOUN
afbr-73	395	14	and	and	CCONJ
afbr-73	395	15	corporate	corporate	ADJ
afbr-73	395	16	earnings	earning	NOUN
afbr-73	395	17	of	of	ADP
afbr-73	395	18	quoted	quote	VERB
afbr-73	395	19	firms	firm	NOUN
afbr-73	395	20	in	in	ADP
afbr-73	395	21	nigeria	nigeria	PROPN
afbr-73	395	22	as	as	SCONJ
afbr-73	395	23	reported	report	VERB
afbr-73	395	24	in	in	ADP
afbr-73	395	25	the	the	DET
afbr-73	395	26	table	table	NOUN
afbr-73	395	27	3	3	NUM
afbr-73	395	28	above	above	ADV
afbr-73	395	29	.	.	PUNCT
afbr-73	396	1	the	the	DET
afbr-73	396	2	p	p	NOUN
afbr-73	396	3	-	-	PUNCT
afbr-73	396	4	value	value	NOUN
afbr-73	396	5	obtained	obtain	VERB
afbr-73	396	6	from	from	ADP
afbr-73	396	7	hauseman	hauseman	NOUN
afbr-73	396	8	test	test	NOUN
afbr-73	396	9	was	be	AUX
afbr-73	396	10	significant	significant	ADJ
afbr-73	396	11	;	;	PUNCT
afbr-73	396	12	therefore	therefore	ADV
afbr-73	396	13	the	the	DET
afbr-73	396	14	fixed	fix	VERB
afbr-73	396	15	effects	effect	NOUN
afbr-73	396	16	model	model	NOUN
afbr-73	396	17	was	be	AUX
afbr-73	396	18	the	the	DET
afbr-73	396	19	most	most	ADV
afbr-73	396	20	appropriate	appropriate	ADJ
afbr-73	396	21	model	model	NOUN
afbr-73	396	22	.	.	PUNCT
afbr-73	397	1	from	from	ADP
afbr-73	397	2	the	the	DET
afbr-73	397	3	table	table	NOUN
afbr-73	397	4	the	the	DET
afbr-73	397	5	r	r	NOUN
afbr-73	397	6	-	-	PUNCT
afbr-73	397	7	square	square	NOUN
afbr-73	397	8	and	and	CCONJ
afbr-73	397	9	the	the	DET
afbr-73	397	10	adjusted	adjusted	ADJ
afbr-73	397	11	r	r	NOUN
afbr-73	397	12	-	-	PUNCT
afbr-73	397	13	square	square	NOUN
afbr-73	397	14	proved	prove	VERB
afbr-73	397	15	that	that	SCONJ
afbr-73	397	16	81.9	81.9	NUM
afbr-73	397	17	%	%	NOUN
afbr-73	397	18	and	and	CCONJ
afbr-73	397	19	77	77	NUM
afbr-73	397	20	%	%	NOUN
afbr-73	397	21	variation	variation	NOUN
afbr-73	397	22	on	on	ADP
afbr-73	397	23	corporate	corporate	ADJ
afbr-73	397	24	earnings	earning	NOUN
afbr-73	397	25	can	can	AUX
afbr-73	397	26	be	be	AUX
afbr-73	397	27	explained	explain	VERB
afbr-73	397	28	by	by	ADP
afbr-73	397	29	the	the	DET
afbr-73	397	30	variation	variation	NOUN
afbr-73	397	31	on	on	ADP
afbr-73	397	32	the	the	DET
afbr-73	397	33	cost	cost	NOUN
afbr-73	397	34	of	of	ADP
afbr-73	397	35	various	various	ADJ
afbr-73	397	36	component	component	NOUN
afbr-73	397	37	of	of	ADP
afbr-73	397	38	short	short	ADJ
afbr-73	397	39	term	term	NOUN
afbr-73	397	40	cost	cost	NOUN
afbr-73	397	41	of	of	ADP
afbr-73	397	42	capital	capital	NOUN
afbr-73	397	43	.	.	PUNCT
afbr-73	398	1	the	the	DET
afbr-73	398	2	variable	variable	NOUN
afbr-73	398	3	pooled	pool	VERB
afbr-73	398	4	effect	effect	NOUN
afbr-73	398	5	fixed	fix	VERB
afbr-73	398	6	effect	effect	NOUN
afbr-73	398	7	random	random	ADJ
afbr-73	398	8	effect	effect	NOUN
afbr-73	398	9	coefficient	coefficient	NOUN
afbr-73	398	10	t.	t.	PROPN
afbr-73	398	11	stat	stat	PROPN
afbr-73	398	12	p.	p.	PROPN
afbr-73	398	13	value	value	NOUN
afbr-73	398	14	coefficient	coefficient	NOUN
afbr-73	398	15	t.	t.	PROPN
afbr-73	398	16	stat	stat	PROPN
afbr-73	398	17	p.	p.	PROPN
afbr-73	398	18	value	value	NOUN
afbr-73	398	19	coefficient	coefficient	NOUN
afbr-73	398	20	t.	t.	PROPN
afbr-73	398	21	stat	stat	PROPN
afbr-73	398	22	p.	p.	PROPN
afbr-73	398	23	value	value	NOUN
afbr-73	398	24	cd	cd	PROPN
afbr-73	398	25	-0.001159	-0.001159	PROPN
afbr-73	398	26	-1.201734	-1.201734	PROPN
afbr-73	399	1	0.2346	0.2346	NUM
afbr-73	399	2	-0.000534	-0.000534	VERB
afbr-73	399	3	-0.615593	-0.615593	NOUN
afbr-73	400	1	0.5412	0.5412	NUM
afbr-73	400	2	11.24348	11.24348	NUM
afbr-73	400	3	13.53105	13.53105	NUM
afbr-73	400	4	0.0000	0.0000	NUM
afbr-73	400	5	cps	cp	VERB
afbr-73	400	6	0.447321	0.447321	NUM
afbr-73	400	7	2.412354	2.412354	NUM
afbr-73	400	8	0.0192	0.0192	NUM
afbr-73	400	9	0.291708	0.291708	NUM
afbr-73	400	10	1.664693	1.664693	NUM
afbr-73	400	11	0.1028	0.1028	NUM
afbr-73	400	12	-0.000534	-0.000534	VERB
afbr-73	400	13	-0.615593	-0.615593	NOUN
afbr-73	400	14	0.5412	0.5412	NUM
afbr-73	400	15	ce	ce	PROPN
afbr-73	400	16	-0.126445	-0.126445	NOUN
afbr-73	400	17	-0.964121	-0.964121	VERB
afbr-73	400	18	0.3392	0.3392	NUM
afbr-73	400	19	-0.060452	-0.060452	NOUN
afbr-73	400	20	-0.459210	-0.459210	VERB
afbr-73	400	21	0.6482	0.6482	NUM
afbr-73	401	1	0.291708	0.291708	NUM
afbr-73	401	2	1.664693	1.664693	NUM
afbr-73	401	3	0.1028	0.1028	NUM
afbr-73	401	4	c	c	NOUN
afbr-73	401	5	10.86029	10.86029	NUM
afbr-73	401	6	13.32330	13.32330	NUM
afbr-73	401	7	0.0000	0.0000	NUM
afbr-73	401	8	11.24348	11.24348	NUM
afbr-73	401	9	13.53105	13.53105	NUM
afbr-73	401	10	0.0000	0.0000	NUM
afbr-73	401	11	-0.060452	-0.060452	NOUN
afbr-73	401	12	-0.459210	-0.459210	NOUN
afbr-73	401	13	0.6482	0.6482	NUM
afbr-73	401	14	r2	r2	NOUN
afbr-73	401	15	0.819022	0.819022	NUM
afbr-73	401	16	0.489460	0.489460	NUM
afbr-73	401	17	0.489460	0.489460	NUM
afbr-73	401	18	adjr2	adjr2	NOUN
afbr-73	402	1	0.770969	0.770969	NUM
afbr-73	402	2	0.356275	0.356275	NUM
afbr-73	402	3	0.356275	0.356275	NUM
afbr-73	402	4	f	f	X
afbr-73	402	5	-	-	PUNCT
afbr-73	402	6	statistic	statistic	NOUN
afbr-73	402	7	12.47687	12.47687	NUM
afbr-73	402	8	3.675052	3.675052	NUM
afbr-73	402	9	3.675052	3.675052	NUM
afbr-73	402	10	fprob	fprob	ADV
afbr-73	402	11	0.000000	0.000000	NUM
afbr-73	402	12	0.000669	0.000669	NUM
afbr-73	402	13	0.000669	0.000669	NUM
afbr-73	402	14	d	d	SYM
afbr-73	402	15	w	w	PROPN
afbr-73	402	16	1.519769	1.519769	NUM
afbr-73	402	17	2.266686	2.266686	NUM
afbr-73	402	18	2.266686	2.266686	NUM
afbr-73	402	19	cost	cost	NOUN
afbr-73	402	20	of	of	ADP
afbr-73	402	21	capital	capital	NOUN
afbr-73	402	22	and	and	CCONJ
afbr-73	402	23	corporate	corporate	ADJ
afbr-73	402	24	earning	earning	NOUN
afbr-73	402	25	of	of	ADP
afbr-73	402	26	nigeria	nigeria	PROPN
afbr-73	402	27	quoted	quote	VERB
afbr-73	402	28	firms	firm	NOUN
afbr-73	402	29	:	:	PUNCT
afbr-73	402	30	a	a	DET
afbr-73	402	31	multi	multi	ADJ
afbr-73	402	32	-	-	ADJ
afbr-73	402	33	dimensional	dimensional	ADJ
afbr-73	402	34	analysis	analysis	NOUN
afbr-73	402	35	of	of	ADP
afbr-73	402	36	quoted	quote	VERB
afbr-73	402	37	firms	firm	NOUN
afbr-73	402	38	in	in	ADP
afbr-73	402	39	nigeria	nigeria	PROPN
afbr-73	402	40	lucky	lucky	ADJ
afbr-73	402	41	anyike	anyike	ADP
afbr-73	402	42	lucky	lucky	ADJ
afbr-73	402	43	64	64	NUM
afbr-73	402	44	f	f	NUM
afbr-73	402	45	-	-	PUNCT
afbr-73	402	46	statistic	statistic	ADJ
afbr-73	402	47	value	value	NOUN
afbr-73	402	48	of	of	ADP
afbr-73	402	49	12.47687and	12.47687and	NUM
afbr-73	402	50	the	the	DET
afbr-73	402	51	probability	probability	NOUN
afbr-73	402	52	of	of	ADP
afbr-73	402	53	0.000000	0.000000	NUM
afbr-73	402	54	(	(	PUNCT
afbr-73	402	55	p<0.05	p<0.05	NOUN
afbr-73	402	56	)	)	PUNCT
afbr-73	402	57	shows	show	VERB
afbr-73	402	58	that	that	SCONJ
afbr-73	402	59	the	the	DET
afbr-73	402	60	independent	independent	ADJ
afbr-73	402	61	variables	variable	NOUN
afbr-73	402	62	are	be	AUX
afbr-73	402	63	jointly	jointly	ADV
afbr-73	402	64	statistically	statistically	ADV
afbr-73	402	65	significant	significant	ADJ
afbr-73	402	66	in	in	ADP
afbr-73	402	67	explaining	explain	VERB
afbr-73	402	68	changes	change	NOUN
afbr-73	402	69	in	in	ADP
afbr-73	402	70	the	the	DET
afbr-73	402	71	dependent	dependent	ADJ
afbr-73	402	72	variable	variable	NOUN
afbr-73	402	73	.	.	PUNCT
afbr-73	403	1	specifically	specifically	ADV
afbr-73	403	2	,	,	PUNCT
afbr-73	403	3	the	the	DET
afbr-73	403	4	results	result	NOUN
afbr-73	403	5	from	from	ADP
afbr-73	403	6	the	the	DET
afbr-73	403	7	table	table	NOUN
afbr-73	403	8	show	show	NOUN
afbr-73	403	9	that	that	SCONJ
afbr-73	403	10	cost	cost	NOUN
afbr-73	403	11	of	of	ADP
afbr-73	403	12	debt	debt	NOUN
afbr-73	403	13	and	and	CCONJ
afbr-73	403	14	cost	cost	NOUN
afbr-73	403	15	of	of	ADP
afbr-73	403	16	equity	equity	NOUN
afbr-73	403	17	have	have	VERB
afbr-73	403	18	negative	negative	ADJ
afbr-73	403	19	effect	effect	NOUN
afbr-73	403	20	on	on	ADP
afbr-73	403	21	corporate	corporate	ADJ
afbr-73	403	22	earnings	earning	NOUN
afbr-73	403	23	while	while	SCONJ
afbr-73	403	24	cost	cost	NOUN
afbr-73	403	25	of	of	ADP
afbr-73	403	26	preference	preference	NOUN
afbr-73	403	27	share	share	NOUN
afbr-73	403	28	capital	capital	NOUN
afbr-73	403	29	have	have	VERB
afbr-73	403	30	positive	positive	ADJ
afbr-73	403	31	effect	effect	NOUN
afbr-73	403	32	on	on	ADP
afbr-73	403	33	the	the	DET
afbr-73	403	34	dependent	dependent	ADJ
afbr-73	403	35	variable	variable	NOUN
afbr-73	403	36	.	.	PUNCT
afbr-73	404	1	the	the	DET
afbr-73	404	2	β	β	PROPN
afbr-73	404	3	coefficient	coefficient	NOUN
afbr-73	404	4	of	of	ADP
afbr-73	404	5	-0.00cd	-0.00cd	PROPN
afbr-73	404	6	,	,	PUNCT
afbr-73	404	7	0.29cps	0.29cp	NOUN
afbr-73	404	8	,	,	PUNCT
afbr-73	404	9	-0.060	-0.060	NOUN
afbr-73	404	10	proved	prove	VERB
afbr-73	404	11	that	that	SCONJ
afbr-73	404	12	a	a	DET
afbr-73	404	13	unit	unit	NOUN
afbr-73	404	14	increase	increase	NOUN
afbr-73	404	15	on	on	ADP
afbr-73	404	16	the	the	DET
afbr-73	404	17	variables	variable	NOUN
afbr-73	404	18	will	will	AUX
afbr-73	404	19	lead	lead	VERB
afbr-73	404	20	to	to	ADP
afbr-73	404	21	0.0	0.0	NUM
afbr-73	404	22	%	%	NOUN
afbr-73	404	23	and	and	CCONJ
afbr-73	404	24	0.6	0.6	NUM
afbr-73	404	25	%	%	NOUN
afbr-73	404	26	,	,	PUNCT
afbr-73	404	27	decrease	decrease	NOUN
afbr-73	404	28	on	on	ADP
afbr-73	404	29	the	the	DET
afbr-73	404	30	dependent	dependent	ADJ
afbr-73	404	31	variables	variable	NOUN
afbr-73	404	32	while	while	SCONJ
afbr-73	404	33	the	the	DET
afbr-73	404	34	positive	positive	ADJ
afbr-73	404	35	coefficient	coefficient	NOUN
afbr-73	404	36	of	of	ADP
afbr-73	404	37	0.29cps	0.29cps	PROPN
afbr-73	404	38	will	will	AUX
afbr-73	404	39	lead	lead	VERB
afbr-73	404	40	to	to	ADP
afbr-73	404	41	2.9	2.9	NUM
afbr-73	404	42	%	%	NOUN
afbr-73	404	43	increase	increase	NOUN
afbr-73	404	44	on	on	ADP
afbr-73	404	45	the	the	DET
afbr-73	404	46	corporate	corporate	ADJ
afbr-73	404	47	earnings	earning	NOUN
afbr-73	404	48	of	of	ADP
afbr-73	404	49	the	the	DET
afbr-73	404	50	quoted	quote	VERB
afbr-73	404	51	firms	firm	NOUN
afbr-73	404	52	.	.	PUNCT
afbr-73	405	1	the	the	DET
afbr-73	405	2	t	t	PROPN
afbr-73	405	3	-	-	PUNCT
afbr-73	405	4	statistics	statistic	NOUN
afbr-73	405	5	and	and	CCONJ
afbr-73	405	6	the	the	DET
afbr-73	405	7	probability	probability	NOUN
afbr-73	405	8	value	value	NOUN
afbr-73	405	9	show	show	NOUN
afbr-73	405	10	cost	cost	NOUN
afbr-73	405	11	of	of	ADP
afbr-73	405	12	debt	debt	NOUN
afbr-73	405	13	is	be	AUX
afbr-73	405	14	statistically	statistically	ADV
afbr-73	405	15	significant	significant	ADJ
afbr-73	405	16	while	while	SCONJ
afbr-73	405	17	cost	cost	NOUN
afbr-73	405	18	of	of	ADP
afbr-73	405	19	preference	preference	NOUN
afbr-73	405	20	share	share	NOUN
afbr-73	405	21	capital	capital	NOUN
afbr-73	405	22	and	and	CCONJ
afbr-73	405	23	equity	equity	NOUN
afbr-73	405	24	is	be	AUX
afbr-73	405	25	statistically	statistically	ADV
afbr-73	405	26	not	not	PART
afbr-73	405	27	significant	significant	ADJ
afbr-73	405	28	at	at	ADP
afbr-73	405	29	5	5	NUM
afbr-73	405	30	%	%	NOUN
afbr-73	405	31	level	level	NOUN
afbr-73	405	32	of	of	ADP
afbr-73	405	33	significance	significance	NOUN
afbr-73	405	34	.	.	PUNCT
afbr-73	406	1	while	while	SCONJ
afbr-73	406	2	the	the	DET
afbr-73	406	3	positive	positive	ADJ
afbr-73	406	4	effect	effect	NOUN
afbr-73	406	5	of	of	ADP
afbr-73	406	6	the	the	DET
afbr-73	406	7	variable	variable	NOUN
afbr-73	406	8	is	be	AUX
afbr-73	406	9	contrary	contrary	ADJ
afbr-73	406	10	to	to	ADP
afbr-73	406	11	the	the	DET
afbr-73	406	12	expectation	expectation	NOUN
afbr-73	406	13	of	of	ADP
afbr-73	406	14	the	the	DET
afbr-73	406	15	results	result	NOUN
afbr-73	406	16	,	,	PUNCT
afbr-73	406	17	the	the	DET
afbr-73	406	18	negative	negative	ADJ
afbr-73	406	19	effect	effect	NOUN
afbr-73	406	20	confirms	confirm	VERB
afbr-73	406	21	the	the	DET
afbr-73	406	22	a	a	PRON
afbr-73	406	23	-	-	PUNCT
afbr-73	406	24	priori	priori	ADJ
afbr-73	406	25	expectation	expectation	NOUN
afbr-73	406	26	of	of	ADP
afbr-73	406	27	the	the	DET
afbr-73	406	28	results	result	NOUN
afbr-73	406	29	and	and	CCONJ
afbr-73	406	30	validates	validate	VERB
afbr-73	406	31	the	the	DET
afbr-73	406	32	findings	finding	NOUN
afbr-73	406	33	of	of	ADP
afbr-73	406	34	anyamaobi	anyamaobi	NOUN
afbr-73	406	35	and	and	CCONJ
afbr-73	406	36	lucky	lucky	ADJ
afbr-73	406	37	(	(	PUNCT
afbr-73	406	38	2017	2017	NUM
afbr-73	406	39	)	)	PUNCT
afbr-73	406	40	on	on	ADP
afbr-73	406	41	the	the	DET
afbr-73	406	42	positive	positive	ADJ
afbr-73	406	43	effect	effect	NOUN
afbr-73	406	44	of	of	ADP
afbr-73	406	45	cost	cost	NOUN
afbr-73	406	46	of	of	ADP
afbr-73	406	47	capital	capital	NOUN
afbr-73	406	48	on	on	ADP
afbr-73	406	49	the	the	DET
afbr-73	406	50	value	value	NOUN
afbr-73	406	51	creation	creation	NOUN
afbr-73	406	52	of	of	ADP
afbr-73	406	53	quoted	quote	VERB
afbr-73	406	54	manufacturing	manufacturing	NOUN
afbr-73	406	55	firms	firm	NOUN
afbr-73	406	56	in	in	ADP
afbr-73	406	57	nigeria	nigeria	PROPN
afbr-73	406	58	.	.	PUNCT
afbr-73	407	1	5	5	X
afbr-73	407	2	.	.	X
afbr-73	407	3	conclusion	conclusion	NOUN
afbr-73	407	4	and	and	CCONJ
afbr-73	407	5	recommendation	recommendation	NOUN
afbr-73	407	6	this	this	DET
afbr-73	407	7	study	study	NOUN
afbr-73	407	8	investigated	investigate	VERB
afbr-73	407	9	the	the	DET
afbr-73	407	10	relationship	relationship	NOUN
afbr-73	407	11	between	between	ADP
afbr-73	407	12	cost	cost	NOUN
afbr-73	407	13	of	of	ADP
afbr-73	407	14	capital	capital	NOUN
afbr-73	407	15	and	and	CCONJ
afbr-73	407	16	corporate	corporate	ADJ
afbr-73	407	17	earnings	earning	NOUN
afbr-73	407	18	of	of	ADP
afbr-73	407	19	20	20	NUM
afbr-73	407	20	firms	firm	NOUN
afbr-73	407	21	listed	list	VERB
afbr-73	407	22	on	on	ADP
afbr-73	407	23	the	the	DET
afbr-73	407	24	floor	floor	NOUN
afbr-73	407	25	of	of	ADP
afbr-73	407	26	nigerian	nigerian	ADJ
afbr-73	407	27	stock	stock	NOUN
afbr-73	407	28	exchange	exchange	NOUN
afbr-73	407	29	using	use	VERB
afbr-73	407	30	time	time	NOUN
afbr-73	407	31	series	series	PROPN
afbr-73	407	32	data	datum	NOUN
afbr-73	407	33	from	from	ADP
afbr-73	407	34	2011	2011	NUM
afbr-73	407	35	–	–	PUNCT
afbr-73	407	36	2016	2016	NUM
afbr-73	407	37	.	.	PUNCT
afbr-73	408	1	cost	cost	NOUN
afbr-73	408	2	of	of	ADP
afbr-73	408	3	capital	capital	NOUN
afbr-73	408	4	was	be	AUX
afbr-73	408	5	disaggregated	disaggregate	VERB
afbr-73	408	6	by	by	ADP
afbr-73	408	7	short	short	ADJ
afbr-73	408	8	,	,	PUNCT
afbr-73	408	9	medium	medium	ADJ
afbr-73	408	10	and	and	CCONJ
afbr-73	408	11	long	long	ADJ
afbr-73	408	12	term	term	NOUN
afbr-73	408	13	while	while	SCONJ
afbr-73	408	14	corporate	corporate	ADJ
afbr-73	408	15	earning	earning	NOUN
afbr-73	408	16	was	be	AUX
afbr-73	408	17	proxy	proxy	NOUN
afbr-73	408	18	by	by	ADP
afbr-73	408	19	earnings	earning	NOUN
afbr-73	408	20	per	per	ADP
afbr-73	408	21	share	share	NOUN
afbr-73	408	22	.	.	PUNCT
afbr-73	409	1	from	from	ADP
afbr-73	409	2	the	the	DET
afbr-73	409	3	findings	finding	NOUN
afbr-73	409	4	of	of	ADP
afbr-73	409	5	the	the	DET
afbr-73	409	6	study	study	NOUN
afbr-73	409	7	,	,	PUNCT
afbr-73	409	8	we	we	PRON
afbr-73	409	9	draw	draw	VERB
afbr-73	409	10	the	the	DET
afbr-73	409	11	following	follow	VERB
afbr-73	409	12	conclusion	conclusion	NOUN
afbr-73	409	13	:	:	PUNCT
afbr-73	409	14			PRON
afbr-73	409	15	that	that	SCONJ
afbr-73	409	16	the	the	DET
afbr-73	409	17	relationship	relationship	NOUN
afbr-73	409	18	between	between	ADP
afbr-73	409	19	costs	cost	NOUN
afbr-73	409	20	of	of	ADP
afbr-73	409	21	short	short	ADJ
afbr-73	409	22	term	term	NOUN
afbr-73	409	23	capital	capital	NOUN
afbr-73	409	24	is	be	AUX
afbr-73	409	25	statistically	statistically	ADV
afbr-73	409	26	significant	significant	ADJ
afbr-73	409	27	with	with	ADP
afbr-73	409	28	corporate	corporate	ADJ
afbr-73	409	29	earnings	earning	NOUN
afbr-73	409	30	,	,	PUNCT
afbr-73	409	31	the	the	DET
afbr-73	409	32	model	model	NOUN
afbr-73	409	33	summary	summary	NOUN
afbr-73	409	34	shows	show	VERB
afbr-73	409	35	that	that	SCONJ
afbr-73	409	36	the	the	DET
afbr-73	409	37	independent	independent	ADJ
afbr-73	409	38	variables	variable	NOUN
afbr-73	409	39	could	could	AUX
afbr-73	409	40	only	only	ADV
afbr-73	409	41	attest	attest	VERB
afbr-73	409	42	63.1	63.1	NUM
afbr-73	409	43	%	%	NOUN
afbr-73	409	44	and	and	CCONJ
afbr-73	409	45	52.5	52.5	NUM
afbr-73	409	46	%	%	NOUN
afbr-73	409	47	variation	variation	NOUN
afbr-73	409	48	while	while	SCONJ
afbr-73	409	49	the	the	DET
afbr-73	409	50	f	f	PROPN
afbr-73	409	51	-	-	PUNCT
afbr-73	409	52	statistics	statistic	NOUN
afbr-73	409	53	shows	show	VERB
afbr-73	409	54	that	that	SCONJ
afbr-73	409	55	the	the	DET
afbr-73	409	56	model	model	NOUN
afbr-73	409	57	is	be	AUX
afbr-73	409	58	statistically	statistically	ADV
afbr-73	409	59	significant	significant	ADJ
afbr-73	409	60	.	.	PUNCT
afbr-73	410	1			PRON
afbr-73	410	2	that	that	SCONJ
afbr-73	410	3	the	the	DET
afbr-73	410	4	relationship	relationship	NOUN
afbr-73	410	5	between	between	ADP
afbr-73	410	6	costs	cost	NOUN
afbr-73	410	7	of	of	ADP
afbr-73	410	8	medium	medium	ADJ
afbr-73	410	9	term	term	NOUN
afbr-73	410	10	capital	capital	NOUN
afbr-73	410	11	is	be	AUX
afbr-73	410	12	statistically	statistically	ADV
afbr-73	410	13	not	not	PART
afbr-73	410	14	significant	significant	ADJ
afbr-73	410	15	with	with	ADP
afbr-73	410	16	corporate	corporate	ADJ
afbr-73	410	17	earnings	earning	NOUN
afbr-73	411	1	,	,	PUNCT
afbr-73	411	2	the	the	DET
afbr-73	411	3	model	model	NOUN
afbr-73	411	4	summary	summary	NOUN
afbr-73	411	5	shows	show	VERB
afbr-73	411	6	that	that	SCONJ
afbr-73	411	7	the	the	DET
afbr-73	411	8	independent	independent	ADJ
afbr-73	411	9	variables	variable	NOUN
afbr-73	411	10	could	could	AUX
afbr-73	411	11	only	only	ADV
afbr-73	411	12	attest	attest	VERB
afbr-73	411	13	7.1	7.1	NUM
afbr-73	411	14	%	%	NOUN
afbr-73	411	15	and	and	CCONJ
afbr-73	411	16	0.2	0.2	NUM
afbr-73	411	17	%	%	NOUN
afbr-73	411	18	variation	variation	NOUN
afbr-73	411	19	while	while	SCONJ
afbr-73	411	20	the	the	DET
afbr-73	411	21	f	f	PROPN
afbr-73	411	22	-	-	PUNCT
afbr-73	411	23	statistics	statistic	NOUN
afbr-73	411	24	shows	show	VERB
afbr-73	411	25	that	that	SCONJ
afbr-73	411	26	the	the	DET
afbr-73	411	27	model	model	NOUN
afbr-73	411	28	is	be	AUX
afbr-73	411	29	statistically	statistically	ADV
afbr-73	411	30	not	not	PART
afbr-73	411	31	significant	significant	ADJ
afbr-73	411	32	.	.	PUNCT
afbr-73	412	1			PRON
afbr-73	412	2	that	that	SCONJ
afbr-73	412	3	the	the	DET
afbr-73	412	4	relationship	relationship	NOUN
afbr-73	412	5	between	between	ADP
afbr-73	412	6	costs	cost	NOUN
afbr-73	412	7	of	of	ADP
afbr-73	412	8	long	long	ADJ
afbr-73	412	9	term	term	NOUN
afbr-73	412	10	capital	capital	NOUN
afbr-73	412	11	is	be	AUX
afbr-73	412	12	statistically	statistically	ADV
afbr-73	412	13	significant	significant	ADJ
afbr-73	412	14	with	with	ADP
afbr-73	412	15	corporate	corporate	ADJ
afbr-73	412	16	earnings	earning	NOUN
afbr-73	413	1	,	,	PUNCT
afbr-73	413	2	the	the	DET
afbr-73	413	3	model	model	NOUN
afbr-73	413	4	summary	summary	NOUN
afbr-73	413	5	shows	show	VERB
afbr-73	413	6	that	that	SCONJ
afbr-73	413	7	the	the	DET
afbr-73	413	8	independent	independent	ADJ
afbr-73	413	9	variables	variable	NOUN
afbr-73	413	10	could	could	AUX
afbr-73	413	11	only	only	ADV
afbr-73	413	12	attest	attest	VERB
afbr-73	413	13	81.9	81.9	NUM
afbr-73	413	14	%	%	NOUN
afbr-73	413	15	and	and	CCONJ
afbr-73	413	16	77.0	77.0	NUM
afbr-73	413	17	%	%	NOUN
afbr-73	413	18	variation	variation	NOUN
afbr-73	413	19	while	while	SCONJ
afbr-73	413	20	the	the	DET
afbr-73	413	21	f	f	PROPN
afbr-73	413	22	-	-	PUNCT
afbr-73	413	23	statistics	statistic	NOUN
afbr-73	413	24	shows	show	VERB
afbr-73	413	25	that	that	SCONJ
afbr-73	413	26	the	the	DET
afbr-73	413	27	model	model	NOUN
afbr-73	413	28	is	be	AUX
afbr-73	413	29	statistically	statistically	ADV
afbr-73	413	30	significant	significant	ADJ
afbr-73	413	31	.	.	PUNCT
afbr-73	414	1	recommendation	recommendation	NOUN
afbr-73	414	2			DET
afbr-73	414	3	management	management	NOUN
afbr-73	414	4	should	should	AUX
afbr-73	414	5	formulate	formulate	VERB
afbr-73	414	6	internal	internal	ADJ
afbr-73	414	7	policy	policy	NOUN
afbr-73	414	8	that	that	PRON
afbr-73	414	9	will	will	AUX
afbr-73	414	10	enhance	enhance	VERB
afbr-73	414	11	the	the	DET
afbr-73	414	12	realization	realization	NOUN
afbr-73	414	13	of	of	ADP
afbr-73	414	14	optimal	optimal	ADJ
afbr-73	414	15	capital	capital	NOUN
afbr-73	414	16	structure	structure	NOUN
afbr-73	414	17	of	of	ADP
afbr-73	414	18	the	the	DET
afbr-73	414	19	firm	firm	NOUN
afbr-73	414	20	which	which	PRON
afbr-73	414	21	determines	determine	VERB
afbr-73	414	22	the	the	DET
afbr-73	414	23	combination	combination	NOUN
afbr-73	414	24	of	of	ADP
afbr-73	414	25	equity	equity	NOUN
afbr-73	414	26	capital	capital	NOUN
afbr-73	414	27	and	and	CCONJ
afbr-73	414	28	debt	debt	NOUN
afbr-73	414	29	capital	capital	NOUN
afbr-73	414	30	as	as	ADP
afbr-73	414	31	the	the	DET
afbr-73	414	32	capital	capital	NOUN
afbr-73	414	33	structure	structure	NOUN
afbr-73	414	34	of	of	ADP
afbr-73	414	35	the	the	DET
afbr-73	414	36	firm	firm	NOUN
afbr-73	414	37	and	and	CCONJ
afbr-73	414	38	the	the	DET
afbr-73	414	39	business	business	NOUN
afbr-73	414	40	environment	environment	NOUN
afbr-73	414	41	should	should	AUX
afbr-73	414	42	be	be	AUX
afbr-73	414	43	well	well	ADV
afbr-73	414	44	diagnosed	diagnose	VERB
afbr-73	414	45	and	and	CCONJ
afbr-73	414	46	tactical	tactical	ADJ
afbr-73	414	47	measures	measure	NOUN
afbr-73	414	48	used	use	VERB
afbr-73	414	49	to	to	PART
afbr-73	414	50	ensure	ensure	VERB
afbr-73	414	51	that	that	SCONJ
afbr-73	414	52	cost	cost	NOUN
afbr-73	414	53	of	of	ADP
afbr-73	414	54	capital	capital	NOUN
afbr-73	414	55	does	do	AUX
afbr-73	414	56	not	not	PART
afbr-73	414	57	affect	affect	VERB
afbr-73	414	58	the	the	DET
afbr-73	414	59	investment	investment	NOUN
afbr-73	414	60	decision	decision	NOUN
afbr-73	414	61	of	of	ADP
afbr-73	414	62	the	the	DET
afbr-73	414	63	firms	firm	NOUN
afbr-73	414	64	and	and	CCONJ
afbr-73	414	65	the	the	DET
afbr-73	414	66	profitability	profitability	NOUN
afbr-73	414	67	.	.	PUNCT
afbr-73	415	1			PUNCT
afbr-73	416	1	the	the	DET
afbr-73	416	2	environmental	environmental	ADJ
afbr-73	416	3	factors	factor	NOUN
afbr-73	416	4	should	should	AUX
afbr-73	416	5	be	be	AUX
afbr-73	416	6	acknowledged	acknowledge	VERB
afbr-73	416	7	in	in	ADP
afbr-73	416	8	formulating	formulate	VERB
afbr-73	416	9	cost	cost	NOUN
afbr-73	416	10	of	of	ADP
afbr-73	416	11	capital	capital	NOUN
afbr-73	416	12	to	to	PART
afbr-73	416	13	avoid	avoid	VERB
afbr-73	416	14	risk	risk	NOUN
afbr-73	416	15	associated	associate	VERB
afbr-73	416	16	with	with	ADP
afbr-73	416	17	inadequate	inadequate	ADJ
afbr-73	416	18	or	or	CCONJ
afbr-73	416	19	wrong	wrong	ADJ
afbr-73	416	20	capital	capital	NOUN
afbr-73	416	21	structure	structure	NOUN
afbr-73	416	22	of	of	ADP
afbr-73	416	23	the	the	DET
afbr-73	416	24	firm	firm	NOUN
afbr-73	416	25	to	to	PART
afbr-73	416	26	enhance	enhance	VERB
afbr-73	416	27	profitability	profitability	NOUN
afbr-73	416	28	and	and	CCONJ
afbr-73	416	29	external	external	ADJ
afbr-73	416	30	source	source	NOUN
afbr-73	416	31	of	of	ADP
afbr-73	416	32	capital	capital	NOUN
afbr-73	416	33	such	such	ADJ
afbr-73	416	34	as	as	ADP
afbr-73	416	35	debt	debt	NOUN
afbr-73	416	36	should	should	AUX
afbr-73	416	37	be	be	AUX
afbr-73	416	38	properly	properly	ADV
afbr-73	416	39	appraised	appraise	VERB
afbr-73	416	40	and	and	CCONJ
afbr-73	416	41	integrated	integrate	VERB
afbr-73	416	42	with	with	ADP
afbr-73	416	43	the	the	DET
afbr-73	416	44	investment	investment	NOUN
afbr-73	416	45	policy	policy	NOUN
afbr-73	416	46	of	of	ADP
afbr-73	416	47	the	the	DET
afbr-73	416	48	firms	firm	NOUN
afbr-73	416	49	to	to	PART
afbr-73	416	50	leverage	leverage	VERB
afbr-73	416	51	the	the	DET
afbr-73	416	52	high	high	ADJ
afbr-73	416	53	cost	cost	NOUN
afbr-73	416	54	of	of	ADP
afbr-73	416	55	debt	debt	NOUN
afbr-73	416	56	and	and	CCONJ
afbr-73	416	57	its	its	PRON
afbr-73	416	58	effect	effect	NOUN
afbr-73	416	59	on	on	ADP
afbr-73	416	60	investment	investment	NOUN
afbr-73	416	61	and	and	CCONJ
afbr-73	416	62	profitability	profitability	NOUN
afbr-73	416	63	.	.	PUNCT
afbr-73	417	1			NOUN
afbr-73	417	2	cost	cost	NOUN
afbr-73	417	3	of	of	ADP
afbr-73	417	4	equity	equity	NOUN
afbr-73	417	5	should	should	AUX
afbr-73	417	6	be	be	AUX
afbr-73	417	7	integrated	integrate	VERB
afbr-73	417	8	with	with	ADP
afbr-73	417	9	the	the	DET
afbr-73	417	10	objective	objective	NOUN
afbr-73	417	11	of	of	ADP
afbr-73	417	12	maximizing	maximize	VERB
afbr-73	417	13	shareholders	shareholder	NOUN
afbr-73	417	14	’	’	PART
afbr-73	417	15	wealth	wealth	NOUN
afbr-73	417	16	through	through	ADP
afbr-73	417	17	investment	investment	NOUN
afbr-73	417	18	policies	policy	NOUN
afbr-73	417	19	and	and	CCONJ
afbr-73	417	20	the	the	DET
afbr-73	417	21	regulatory	regulatory	ADJ
afbr-73	417	22	authorities	authority	NOUN
afbr-73	417	23	should	should	AUX
afbr-73	417	24	formulate	formulate	VERB
afbr-73	417	25	policies	policy	NOUN
afbr-73	417	26	of	of	ADP
afbr-73	417	27	minimizing	minimize	VERB
afbr-73	417	28	the	the	DET
afbr-73	417	29	cost	cost	NOUN
afbr-73	417	30	of	of	ADP
afbr-73	417	31	capital	capital	NOUN
afbr-73	417	32	on	on	ADP
afbr-73	417	33	the	the	DET
afbr-73	417	34	investment	investment	NOUN
afbr-73	417	35	decision	decision	NOUN
afbr-73	417	36	of	of	ADP
afbr-73	417	37	the	the	DET
afbr-73	417	38	listed	list	VERB
afbr-73	417	39	firms	firm	NOUN
afbr-73	417	40	.	.	PUNCT
afbr-73	418	1	references	reference	NOUN
afbr-73	418	2	abdel	abdel	PROPN
afbr-73	418	3	,	,	PUNCT
afbr-73	418	4	d.	d.	PROPN
afbr-73	418	5	,	,	PUNCT
afbr-73	418	6	(	(	PUNCT
afbr-73	418	7	2008).financing	2008).financing	NUM
afbr-73	418	8	decision	decision	NOUN
afbr-73	418	9	under	under	ADP
afbr-73	418	10	the	the	DET
afbr-73	418	11	influence	influence	NOUN
afbr-73	418	12	of	of	ADP
afbr-73	418	13	taxes	taxis	NOUN
afbr-73	418	14	and	and	CCONJ
afbr-73	418	15	financing	financing	NOUN
afbr-73	418	16	cost	cost	NOUN
afbr-73	418	17	.	.	PUNCT
afbr-73	419	1	al	al	PROPN
afbr-73	419	2	-	-	PUNCT
afbr-73	419	3	baheth	baheth	PROPN
afbr-73	419	4	journal	journal	PROPN
afbr-73	419	5	,	,	PUNCT
afbr-73	419	6	6	6	NUM
afbr-73	419	7	;	;	PUNCT
afbr-73	419	8	17	17	NUM
afbr-73	419	9	-	-	SYM
afbr-73	419	10	31	31	NUM
afbr-73	419	11	.	.	PUNCT
afbr-73	420	1	anyamaobi	anyamaobi	PROPN
afbr-73	420	2	,	,	PUNCT
afbr-73	420	3	c.	c.	PROPN
afbr-73	420	4	,	,	PUNCT
afbr-73	420	5	&	&	CCONJ
afbr-73	420	6	lucky	lucky	ADJ
afbr-73	420	7	,	,	PUNCT
afbr-73	420	8	a.	a.	PROPN
afbr-73	420	9	l.	l.	PROPN
afbr-73	420	10	,	,	PUNCT
afbr-73	420	11	(	(	PUNCT
afbr-73	420	12	2017	2017	NUM
afbr-73	420	13	)	)	PUNCT
afbr-73	420	14	.	.	PUNCT
afbr-73	421	1	corporate	corporate	ADJ
afbr-73	421	2	characteristics	characteristic	NOUN
afbr-73	421	3	and	and	CCONJ
afbr-73	421	4	value	value	NOUN
afbr-73	421	5	creation	creation	NOUN
afbr-73	421	6	:	:	PUNCT
afbr-73	421	7	a	a	DET
afbr-73	421	8	panel	panel	NOUN
afbr-73	421	9	data	data	VERB
afbr-73	421	10	evidence	evidence	NOUN
afbr-73	421	11	cost	cost	NOUN
afbr-73	421	12	of	of	ADP
afbr-73	421	13	capital	capital	NOUN
afbr-73	421	14	and	and	CCONJ
afbr-73	421	15	corporate	corporate	ADJ
afbr-73	421	16	earning	earning	NOUN
afbr-73	421	17	of	of	ADP
afbr-73	421	18	nigeria	nigeria	PROPN
afbr-73	421	19	quoted	quote	VERB
afbr-73	421	20	firms	firm	NOUN
afbr-73	421	21	:	:	PUNCT
afbr-73	421	22	a	a	DET
afbr-73	421	23	multi	multi	ADJ
afbr-73	421	24	-	-	ADJ
afbr-73	421	25	dimensional	dimensional	ADJ
afbr-73	421	26	analysis	analysis	NOUN
afbr-73	421	27	of	of	ADP
afbr-73	421	28	quoted	quote	VERB
afbr-73	421	29	firms	firm	NOUN
afbr-73	421	30	in	in	ADP
afbr-73	421	31	nigeria	nigeria	PROPN
afbr-73	421	32	lucky	lucky	ADJ
afbr-73	421	33	anyike	anyike	ADP
afbr-73	421	34	lucky	lucky	ADJ
afbr-73	421	35	65	65	NUM
afbr-73	421	36	of	of	ADP
afbr-73	421	37	nigeria	nigeria	PROPN
afbr-73	421	38	quoted	quote	VERB
afbr-73	421	39	manufacturing	manufacturing	NOUN
afbr-73	421	40	firms	firm	NOUN
afbr-73	421	41	.	.	PUNCT
afbr-73	422	1	world	world	PROPN
afbr-73	422	2	journal	journal	PROPN
afbr-73	422	3	of	of	ADP
afbr-73	422	4	finance	finance	NOUN
afbr-73	422	5	and	and	CCONJ
afbr-73	422	6	investment	investment	NOUN
afbr-73	422	7	research	research	NOUN
afbr-73	422	8	,	,	PUNCT
afbr-73	422	9	2(1	2(1	NUM
afbr-73	422	10	)	)	PUNCT
afbr-73	422	11	,	,	PUNCT
afbr-73	422	12	31	31	NUM
afbr-73	422	13	-	-	SYM
afbr-73	422	14	49	49	NUM
afbr-73	422	15	.	.	PUNCT
afbr-73	423	1	braunstein	braunstein	ADV
afbr-73	423	2	,	,	PUNCT
afbr-73	423	3	y.	y.	PROPN
afbr-73	423	4	,	,	PUNCT
afbr-73	423	5	(	(	PUNCT
afbr-73	423	6	2002	2002	NUM
afbr-73	423	7	)	)	PUNCT
afbr-73	423	8	.	.	PUNCT
afbr-73	424	1	cost	cost	NOUN
afbr-73	424	2	of	of	ADP
afbr-73	424	3	capital	capital	NOUN
afbr-73	424	4	study	study	NOUN
afbr-73	424	5	for	for	ADP
afbr-73	424	6	telecommunications	telecommunications	NOUN
afbr-73	424	7	utilities	utility	NOUN
afbr-73	424	8	,	,	PUNCT
afbr-73	424	9	working	working	NOUN
afbr-73	424	10	paper	paper	NOUN
afbr-73	424	11	,	,	PUNCT
afbr-73	424	12	school	school	NOUN
afbr-73	424	13	of	of	ADP
afbr-73	424	14	information	information	NOUN
afbr-73	424	15	management	management	NOUN
afbr-73	424	16	and	and	CCONJ
afbr-73	424	17	systems	system	NOUN
afbr-73	424	18	,	,	PUNCT
afbr-73	424	19	university	university	NOUN
afbr-73	424	20	of	of	ADP
afbr-73	424	21	california	california	PROPN
afbr-73	424	22	at	at	ADP
afbr-73	424	23	berkeley	berkeley	PROPN
afbr-73	424	24	,	,	PUNCT
afbr-73	424	25	pp3	pp3	PROPN
afbr-73	424	26	.	.	PUNCT
afbr-73	424	27	claus	claus	PROPN
afbr-73	424	28	,	,	PUNCT
afbr-73	424	29	j.	j.	PROPN
afbr-73	424	30	&	&	CCONJ
afbr-73	424	31	thomas	thomas	PROPN
afbr-73	424	32	,	,	PUNCT
afbr-73	424	33	j.	j.	PROPN
afbr-73	424	34	(	(	PUNCT
afbr-73	424	35	2001	2001	NUM
afbr-73	424	36	)	)	PUNCT
afbr-73	424	37	.	.	PUNCT
afbr-73	425	1	equity	equity	NOUN
afbr-73	425	2	risk	risk	NOUN
afbr-73	425	3	premium	premium	NOUN
afbr-73	425	4	as	as	ADV
afbr-73	425	5	low	low	ADJ
afbr-73	425	6	as	as	ADP
afbr-73	425	7	three	three	NUM
afbr-73	425	8	percent	percent	NOUN
afbr-73	425	9	?	?	PUNCT
afbr-73	426	1	evidence	evidence	NOUN
afbr-73	426	2	from	from	ADP
afbr-73	426	3	analysts	analyst	NOUN
afbr-73	426	4	’	’	PART
afbr-73	426	5	earnings	earning	NOUN
afbr-73	426	6	forecasts	forecast	NOUN
afbr-73	426	7	for	for	ADP
afbr-73	426	8	domestic	domestic	ADJ
afbr-73	426	9	and	and	CCONJ
afbr-73	426	10	international	international	ADJ
afbr-73	426	11	stocks	stock	NOUN
afbr-73	426	12	.	.	PUNCT
afbr-73	427	1	journal	journal	PROPN
afbr-73	427	2	of	of	ADP
afbr-73	427	3	finance	finance	NOUN
afbr-73	427	4	,	,	PUNCT
afbr-73	427	5	56	56	NUM
afbr-73	427	6	(	(	PUNCT
afbr-73	427	7	5	5	NUM
afbr-73	427	8	)	)	PUNCT
afbr-73	427	9	,	,	PUNCT
afbr-73	427	10	1629	1629	NUM
afbr-73	427	11	-	-	SYM
afbr-73	427	12	1666	1666	NUM
afbr-73	427	13	.	.	PUNCT
afbr-73	428	1	easton	easton	PROPN
afbr-73	428	2	,	,	PUNCT
afbr-73	428	3	p.	p.	PROPN
afbr-73	428	4	d.	d.	PROPN
afbr-73	428	5	2003	2003	NUM
afbr-73	428	6	.	.	PUNCT
afbr-73	429	1	pe	pe	PROPN
afbr-73	429	2	ratios	ratio	NOUN
afbr-73	429	3	,	,	PUNCT
afbr-73	429	4	peg	peg	NOUN
afbr-73	429	5	ratios	ratio	NOUN
afbr-73	429	6	,	,	PUNCT
afbr-73	429	7	and	and	CCONJ
afbr-73	429	8	estimating	estimate	VERB
afbr-73	429	9	the	the	DET
afbr-73	429	10	implied	imply	VERB
afbr-73	429	11	expected	expect	VERB
afbr-73	429	12	rate	rate	NOUN
afbr-73	429	13	of	of	ADP
afbr-73	429	14	return	return	NOUN
afbr-73	429	15	on	on	ADP
afbr-73	429	16	equity	equity	NOUN
afbr-73	429	17	capital	capital	NOUN
afbr-73	429	18	.	.	PUNCT
afbr-73	430	1	the	the	DET
afbr-73	430	2	accounting	accounting	NOUN
afbr-73	430	3	review	review	NOUN
afbr-73	430	4	79	79	NUM
afbr-73	430	5	(	(	PUNCT
afbr-73	430	6	1):73	1):73	NUM
afbr-73	430	7	-	-	SYM
afbr-73	430	8	95	95	NUM
afbr-73	430	9	ezirim	ezirim	NOUN
afbr-73	430	10	,	,	PUNCT
afbr-73	430	11	b.c	b.c	PROPN
afbr-73	430	12	.	.	PROPN
afbr-73	430	13	,	,	PUNCT
afbr-73	430	14	(	(	PUNCT
afbr-73	430	15	2005	2005	NUM
afbr-73	430	16	)	)	PUNCT
afbr-73	430	17	.	.	PUNCT
afbr-73	431	1	finance	finance	NOUN
afbr-73	431	2	dynamics	dynamic	NOUN
afbr-73	431	3	principles	principle	NOUN
afbr-73	431	4	,	,	PUNCT
afbr-73	431	5	techniques	technique	NOUN
afbr-73	431	6	&	&	CCONJ
afbr-73	431	7	applications	application	NOUN
afbr-73	431	8	.	.	PUNCT
afbr-73	432	1	markowitz	markowitz	PROPN
afbr-73	432	2	centre	centre	PROPN
afbr-73	432	3	for	for	ADP
afbr-73	432	4	research	research	PROPN
afbr-73	432	5	&	&	CCONJ
afbr-73	432	6	development	development	PROPN
afbr-73	432	7	port	port	PROPN
afbr-73	432	8	harcourt	harcourt	PROPN
afbr-73	432	9	.	.	PUNCT
afbr-73	433	1	gode	gode	PROPN
afbr-73	433	2	,	,	PUNCT
afbr-73	433	3	d.	d.	PROPN
afbr-73	433	4	,	,	PUNCT
afbr-73	433	5	&	&	CCONJ
afbr-73	433	6	mohanram	mohanram	PROPN
afbr-73	433	7	,	,	PUNCT
afbr-73	433	8	p.	p.	NOUN
afbr-73	433	9	(	(	PUNCT
afbr-73	433	10	2003	2003	NUM
afbr-73	433	11	)	)	PUNCT
afbr-73	433	12	.	.	PUNCT
afbr-73	434	1	inferring	infer	VERB
afbr-73	434	2	the	the	DET
afbr-73	434	3	cost	cost	NOUN
afbr-73	434	4	of	of	ADP
afbr-73	434	5	capital	capital	NOUN
afbr-73	434	6	using	use	VERB
afbr-73	434	7	the	the	DET
afbr-73	434	8	ohlson	ohlson	NOUN
afbr-73	434	9	-	-	PUNCT
afbr-73	434	10	juettner	juettner	NOUN
afbr-73	434	11	model	model	NOUN
afbr-73	434	12	.	.	PUNCT
afbr-73	435	1	review	review	NOUN
afbr-73	435	2	of	of	ADP
afbr-73	435	3	accounting	accounting	NOUN
afbr-73	435	4	studies	study	NOUN
afbr-73	435	5	,	,	PUNCT
afbr-73	435	6	8(4	8(4	NUM
afbr-73	435	7	)	)	PUNCT
afbr-73	435	8	,	,	PUNCT
afbr-73	435	9	399	399	NUM
afbr-73	435	10	-	-	SYM
afbr-73	435	11	431	431	NUM
afbr-73	435	12	.	.	PUNCT
afbr-73	436	1	hausman	hausman	PROPN
afbr-73	436	2	,	,	PUNCT
afbr-73	436	3	j.	j.	PROPN
afbr-73	436	4	a.	a.	PROPN
afbr-73	436	5	,	,	PUNCT
afbr-73	436	6	&	&	CCONJ
afbr-73	436	7	taylor	taylor	PROPN
afbr-73	436	8	,	,	PUNCT
afbr-73	436	9	w.	w.	PROPN
afbr-73	436	10	e.	e.	PROPN
afbr-73	436	11	,	,	PUNCT
afbr-73	436	12	(	(	PUNCT
afbr-73	436	13	1981	1981	NUM
afbr-73	436	14	)	)	PUNCT
afbr-73	436	15	.	.	PUNCT
afbr-73	437	1	panel	panel	NOUN
afbr-73	437	2	data	datum	NOUN
afbr-73	437	3	and	and	CCONJ
afbr-73	437	4	unobservable	unobservable	ADJ
afbr-73	437	5	individual	individual	ADJ
afbr-73	437	6	effect	effect	NOUN
afbr-73	437	7	,	,	PUNCT
afbr-73	437	8	econometrical	econometrical	ADJ
afbr-73	437	9	,	,	PUNCT
afbr-73	437	10	49(6	49(6	NOUN
afbr-73	437	11	)	)	PUNCT
afbr-73	437	12	,	,	PUNCT
afbr-73	437	13	1377	1377	NUM
afbr-73	437	14	-	-	SYM
afbr-73	437	15	1398	1398	NUM
afbr-73	437	16	.	.	PUNCT
afbr-73	438	1	kareem	kareem	PROPN
afbr-73	438	2	,	,	PUNCT
afbr-73	438	3	a.	a.	PROPN
afbr-73	438	4	,	,	PUNCT
afbr-73	438	5	(	(	PUNCT
afbr-73	438	6	2006	2006	NUM
afbr-73	438	7	)	)	PUNCT
afbr-73	438	8	.	.	PUNCT
afbr-73	439	1	testing	testing	NOUN
afbr-73	439	2	and	and	CCONJ
afbr-73	439	3	assessing	assess	VERB
afbr-73	439	4	the	the	DET
afbr-73	439	5	relationship	relationship	NOUN
afbr-73	439	6	between	between	ADP
afbr-73	439	7	capital	capital	NOUN
afbr-73	439	8	cost	cost	NOUN
afbr-73	439	9	and	and	CCONJ
afbr-73	439	10	stock	stock	NOUN
afbr-73	439	11	market	market	NOUN
afbr-73	439	12	returns	return	NOUN
afbr-73	439	13	,	,	PUNCT
afbr-73	439	14	an	an	DET
afbr-73	439	15	empirical	empirical	ADJ
afbr-73	439	16	study	study	NOUN
afbr-73	439	17	on	on	ADP
afbr-73	439	18	industrial	industrial	ADJ
afbr-73	439	19	companies	company	NOUN
afbr-73	439	20	listed	list	VERB
afbr-73	439	21	at	at	ADP
afbr-73	439	22	amman	amman	PROPN
afbr-73	439	23	stock	stock	PROPN
afbr-73	439	24	exchange	exchange	PROPN
afbr-73	439	25	for	for	ADP
afbr-73	439	26	the	the	DET
afbr-73	439	27	period	period	NOUN
afbr-73	439	28	1994	1994	NUM
afbr-73	439	29	–	–	PUNCT
afbr-73	439	30	2004	2004	NUM
afbr-73	439	31	.	.	PUNCT
afbr-73	440	1	humanities	humanity	NOUN
afbr-73	440	2	journal	journal	PROPN
afbr-73	440	3	,	,	PUNCT
afbr-73	440	4	4(29),1	4(29),1	NOUN
afbr-73	440	5	-	-	SYM
afbr-73	440	6	24	24	NUM
afbr-73	440	7	.	.	PUNCT
afbr-73	441	1	kyereboah	kyereboah	PROPN
afbr-73	441	2	-	-	PUNCT
afbr-73	441	3	coleman	coleman	PROPN
afbr-73	441	4	,	,	PUNCT
afbr-73	441	5	a.	a.	PROPN
afbr-73	441	6	,	,	PUNCT
afbr-73	441	7	(	(	PUNCT
afbr-73	441	8	2007	2007	NUM
afbr-73	441	9	)	)	PUNCT
afbr-73	441	10	.	.	PUNCT
afbr-73	442	1	the	the	DET
afbr-73	442	2	impact	impact	NOUN
afbr-73	442	3	of	of	ADP
afbr-73	442	4	capital	capital	NOUN
afbr-73	442	5	structure	structure	NOUN
afbr-73	442	6	on	on	ADP
afbr-73	442	7	the	the	DET
afbr-73	442	8	performance	performance	NOUN
afbr-73	442	9	of	of	ADP
afbr-73	442	10	microfinance	microfinance	NOUN
afbr-73	442	11	institutions	institution	NOUN
afbr-73	442	12	.	.	PUNCT
afbr-73	443	1	journal	journal	NOUN
afbr-73	443	2	of	of	ADP
afbr-73	443	3	risk	risk	NOUN
afbr-73	443	4	finance	finance	NOUN
afbr-73	443	5	,	,	PUNCT
afbr-73	443	6	8	8	NUM
afbr-73	443	7	(	(	PUNCT
afbr-73	443	8	7),56	7),56	NOUN
afbr-73	443	9	-	-	PUNCT
afbr-73	443	10	71	71	NUM
afbr-73	443	11	.	.	PUNCT
afbr-73	444	1	lawal	lawal	PROPN
afbr-73	444	2	,	,	PUNCT
afbr-73	444	3	b.	b.	PROPN
afbr-73	444	4	a	a	PROPN
afbr-73	444	5	,	,	PUNCT
afbr-73	444	6	edwin	edwin	PROPN
afbr-73	444	7	,	,	PUNCT
afbr-73	444	8	t.	t.	PROPN
afbr-73	444	9	k.	k.	PROPN
afbr-73	444	10	,	,	PUNCT
afbr-73	444	11	kiyanjui	kiyanjui	PROPN
afbr-73	444	12	,	,	PUNCT
afbr-73	444	13	m.	m.	NOUN
afbr-73	444	14	w.	w.	PROPN
afbr-73	444	15	,	,	PUNCT
afbr-73	444	16	and	and	CCONJ
afbr-73	444	17	adisa	adisa	NOUN
afbr-73	444	18	,	,	PUNCT
afbr-73	444	19	m.	m.	NOUN
afbr-73	444	20	k.	k.	PROPN
afbr-73	444	21	,	,	PUNCT
afbr-73	444	22	(	(	PUNCT
afbr-73	444	23	2014).effects	2014).effect	NOUN
afbr-73	444	24	of	of	ADP
afbr-73	444	25	capital	capital	NOUN
afbr-73	444	26	structure	structure	NOUN
afbr-73	444	27	on	on	ADP
afbr-73	444	28	firm	firm	NOUN
afbr-73	444	29	’s	’s	PART
afbr-73	444	30	performance	performance	NOUN
afbr-73	444	31	:	:	PUNCT
afbr-73	444	32	empirical	empirical	ADJ
afbr-73	444	33	study	study	NOUN
afbr-73	444	34	of	of	ADP
afbr-73	444	35	manufacturing	manufacturing	NOUN
afbr-73	444	36	companies	company	NOUN
afbr-73	444	37	in	in	ADP
afbr-73	444	38	nigeria	nigeria	PROPN
afbr-73	444	39	.	.	PUNCT
afbr-73	445	1	journal	journal	PROPN
afbr-73	445	2	of	of	ADP
afbr-73	445	3	finance	finance	NOUN
afbr-73	445	4	and	and	CCONJ
afbr-73	445	5	investment	investment	NOUN
afbr-73	445	6	analysis	analysis	NOUN
afbr-73	445	7	,	,	PUNCT
afbr-73	445	8	3,(4	3,(4	NUM
afbr-73	445	9	)	)	PUNCT
afbr-73	445	10	,	,	PUNCT
afbr-73	445	11	39	39	NUM
afbr-73	445	12	-	-	SYM
afbr-73	445	13	57	57	NUM
afbr-73	445	14	.	.	PUNCT
afbr-73	446	1	lee	lee	PROPN
afbr-73	446	2	,	,	PUNCT
afbr-73	446	3	c.	c.	PROPN
afbr-73	446	4	,	,	PUNCT
afbr-73	446	5	d.	d.	PROPN
afbr-73	446	6	ng	ng	PROPN
afbr-73	446	7	,	,	PUNCT
afbr-73	446	8	and	and	CCONJ
afbr-73	446	9	b.	b.	PROPN
afbr-73	446	10	swaminathan	swaminathan	PROPN
afbr-73	446	11	,	,	PUNCT
afbr-73	446	12	2004	2004	NUM
afbr-73	446	13	.	.	PUNCT
afbr-73	447	1	international	international	ADJ
afbr-73	447	2	asset	asset	NOUN
afbr-73	447	3	pricing	pricing	NOUN
afbr-73	447	4	:	:	PUNCT
afbr-73	447	5	evidence	evidence	NOUN
afbr-73	447	6	from	from	ADP
afbr-73	447	7	cross	cross	NOUN
afbr-73	447	8	section	section	NOUN
afbr-73	447	9	of	of	ADP
afbr-73	447	10	implied	imply	VERB
afbr-73	447	11	cost	cost	NOUN
afbr-73	447	12	of	of	ADP
afbr-73	447	13	capital	capital	NOUN
afbr-73	447	14	.	.	PUNCT
afbr-73	448	1	cornell	cornell	PROPN
afbr-73	448	2	university	university	PROPN
afbr-73	448	3	working	working	PROPN
afbr-73	448	4	paper	paper	NOUN
afbr-73	448	5	mayston	mayston	PROPN
afbr-73	448	6	,	,	PUNCT
afbr-73	448	7	d.	d.	PROPN
afbr-73	448	8	j.	j.	PROPN
afbr-73	448	9	,	,	PUNCT
afbr-73	448	10	(	(	PUNCT
afbr-73	448	11	2002	2002	NUM
afbr-73	448	12	)	)	PUNCT
afbr-73	448	13	.	.	PUNCT
afbr-73	449	1	tackling	tackle	VERB
afbr-73	449	2	the	the	DET
afbr-73	449	3	endogeneity	endogeneity	NOUN
afbr-73	449	4	problem	problem	NOUN
afbr-73	449	5	when	when	SCONJ
afbr-73	449	6	estimating	estimate	VERB
afbr-73	449	7	the	the	DET
afbr-73	449	8	relationship	relationship	NOUN
afbr-73	449	9	between	between	ADP
afbr-73	449	10	school	school	NOUN
afbr-73	449	11	spending	spending	NOUN
afbr-73	449	12	and	and	CCONJ
afbr-73	449	13	pupils	pupil	NOUN
afbr-73	449	14	’	'	PUNCT
afbr-73	449	15	outcome	outcome	NOUN
afbr-73	449	16	,	,	PUNCT
afbr-73	449	17	dfee	dfee	NOUN
afbr-73	449	18	research	research	PROPN
afbr-73	449	19	report	report	PROPN
afbr-73	449	20	328	328	NUM
afbr-73	449	21	,	,	PUNCT
afbr-73	449	22	department	department	NOUN
afbr-73	449	23	of	of	ADP
afbr-73	449	24	education	education	NOUN
afbr-73	449	25	and	and	CCONJ
afbr-73	449	26	skills	skill	NOUN
afbr-73	449	27	,	,	PUNCT
afbr-73	449	28	london	london	PROPN
afbr-73	449	29	.	.	PROPN
afbr-73	449	30	modiglinni	modiglinni	PROPN
afbr-73	449	31	,	,	PUNCT
afbr-73	449	32	franco	franco	PROPN
afbr-73	449	33	&	&	CCONJ
afbr-73	449	34	miller	miller	PROPN
afbr-73	449	35	merton.h	merton.h	PROPN
afbr-73	449	36	.	.	PUNCT
afbr-73	450	1	,(1958).the	,(1958).the	PUNCT
afbr-73	451	1	cost	cost	NOUN
afbr-73	451	2	of	of	ADP
afbr-73	451	3	capital	capital	NOUN
afbr-73	451	4	,	,	PUNCT
afbr-73	451	5	corporation	corporation	NOUN
afbr-73	451	6	finance	finance	NOUN
afbr-73	451	7	and	and	CCONJ
afbr-73	451	8	the	the	DET
afbr-73	451	9	theory	theory	NOUN
afbr-73	451	10	of	of	ADP
afbr-73	451	11	investment	investment	NOUN
afbr-73	451	12	.	.	PUNCT
afbr-73	452	1	american	american	PROPN
afbr-73	452	2	economic	economic	PROPN
afbr-73	452	3	review	review	PROPN
afbr-73	452	4	,	,	PUNCT
afbr-73	452	5	48	48	NUM
afbr-73	452	6	,	,	PUNCT
afbr-73	452	7	261	261	NUM
afbr-73	452	8	-	-	SYM
afbr-73	452	9	297	297	NUM
afbr-73	452	10	.	.	PUNCT
afbr-73	453	1	ohlson	ohlson	PROPN
afbr-73	453	2	,	,	PUNCT
afbr-73	453	3	j.	j.	PROPN
afbr-73	453	4	,	,	PUNCT
afbr-73	453	5	and	and	CCONJ
afbr-73	453	6	b.	b.	PROPN
afbr-73	453	7	juettner	juettner	PROPN
afbr-73	453	8	-	-	PUNCT
afbr-73	453	9	nauroth	nauroth	ADJ
afbr-73	453	10	,	,	PUNCT
afbr-73	453	11	2004	2004	NUM
afbr-73	453	12	,	,	PUNCT
afbr-73	453	13	expected	expect	VERB
afbr-73	453	14	eps	eps	PROPN
afbr-73	453	15	and	and	CCONJ
afbr-73	453	16	eps	eps	PROPN
afbr-73	453	17	growth	growth	NOUN
afbr-73	453	18	as	as	ADP
afbr-73	453	19	determinants	determinant	NOUN
afbr-73	453	20	of	of	ADP
afbr-73	453	21	value	value	NOUN
afbr-73	453	22	,	,	PUNCT
afbr-73	453	23	working	working	NOUN
afbr-73	453	24	paper	paper	NOUN
afbr-73	453	25	,	,	PUNCT
afbr-73	453	26	new	new	PROPN
afbr-73	453	27	york	york	PROPN
afbr-73	453	28	university	university	PROPN
afbr-73	453	29	.	.	PUNCT
afbr-73	454	1	p	p	X
afbr-73	454	2	-	-	PUNCT
afbr-73	454	3	eroitis	eroitis	PROPN
afbr-73	454	4	,	,	PUNCT
afbr-73	454	5	frangouli	frangouli	PROPN
afbr-73	454	6	,	,	PUNCT
afbr-73	454	7	&	&	CCONJ
afbr-73	454	8	ventoura	ventoura	PROPN
afbr-73	454	9	(	(	PUNCT
afbr-73	454	10	2011	2011	NUM
afbr-73	454	11	)	)	PUNCT
afbr-73	454	12	.	.	PUNCT
afbr-73	455	1	profit	profit	NOUN
afbr-73	455	2	margin	margin	NOUN
afbr-73	455	3	and	and	CCONJ
afbr-73	455	4	capital	capital	NOUN
afbr-73	455	5	structure	structure	NOUN
afbr-73	455	6	.	.	PUNCT
afbr-73	456	1	the	the	DET
afbr-73	456	2	journal	journal	NOUN
afbr-73	456	3	of	of	ADP
afbr-73	456	4	applied	apply	VERB
afbr-73	456	5	research	research	NOUN
afbr-73	456	6	.	.	PUNCT
afbr-73	457	1	copyrights	copyright	VERB
afbr-73	457	2	copyright	copyright	NOUN
afbr-73	457	3	for	for	ADP
afbr-73	457	4	this	this	DET
afbr-73	457	5	article	article	NOUN
afbr-73	457	6	is	be	AUX
afbr-73	457	7	retained	retain	VERB
afbr-73	457	8	by	by	ADP
afbr-73	457	9	the	the	DET
afbr-73	457	10	author(s	author(s	PROPN
afbr-73	457	11	)	)	PUNCT
afbr-73	457	12	,	,	PUNCT
afbr-73	457	13	with	with	ADP
afbr-73	457	14	first	first	ADJ
afbr-73	457	15	publication	publication	NOUN
afbr-73	457	16	rights	right	NOUN
afbr-73	457	17	granted	grant	VERB
afbr-73	457	18	to	to	ADP
afbr-73	457	19	the	the	DET
afbr-73	457	20	journal	journal	NOUN
afbr-73	457	21	.	.	PUNCT