Imagine That You Are Working for an Organization That Produces

question 32

Essay

Imagine that you are working for an organization that produces a highly controlled and experimental drug that is targeted for the treatment of a rare virus. Unfortunately, someone close to you has contracted the disease, and it appears that the only hope this person has is to obtain the experimental drug. At this time, however, there is absolutely no way you could obtain the drug under legal means. Using each of the three classifications of ethical theories (consequential, rule-based, and cultural), briefly describe what you would do.

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Definitions:

Conversion Price

The predetermined price at which convertible securities can be exchanged for a specified number of shares.

Convertible Bonds

Bonds that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

Black-Scholes Formula

A mathematical model used to determine the theoretical price of European put and call options, excluding dividends.

Continuously Compounded

A mathematical approach to compounding where the interest earned is constantly reinvested, leading to exponential growth.