Norwegian diapers cost as little as 30 crowns for 50, less than half of the prevailing price in Lithuania.
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Mr Isaac reckons that many of the measures that were introduced to instil discipline notably fair-value accounting, which forces banks to mark assets to the prevailing market price actually exacerbated the latest crisis.
The Trustees, who were also highranking officials of Grumman, determined not to tender any of these shares and on October 12 and 13 used Plan funds to purchase 1, 158, 000 additional shares of Grumman stock at the prevailing market price in an effort to defeat the tender offer.
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Predictably, short-seller advocacy groups lamented the toughness and cost burdens of the new regulations, under which a trader wanting to short a particular stock has to find a price above the prevailing national best bid and offer price if the stock has already fallen 10% or more from the previous trading session.
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Last week, shares of Citigroup halted for five minutes after an erroneous order was entered 17% below the prevailing market price for the stock.
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Investors type in what they want to buy or sell, and how much more than the prevailing market price they would be willing to pay or receive for various-sized parcels of shares.
But what is also baked into the share price is the general prevailing view of what future profits are going to be, how much money is going to be made out of new products, how much can be made out of leveraging the brand, the cash the company has, the bright minds it has working for it?
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Over the past two years, the price of the prevailing solar technology polysilicon-based photovoltaic cells has plummeted.
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With the strike price of the option set a long way above prevailing levels, they will have reckoned they could convert the debt into equity at ever giddier prices.
But given the prevailing conditions in the natural gas market, price realization has been weak.
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