ESSENTIALS OF CORPORATE FINANCE

deal with international investment and financial decisions. It is relevant to a broad range of professions including corporate treasury management, corporate finance, international securities trading and investment management. The general emphasis is on the identification[r]

www.adultpdf.comFINS5516 – INTERNATIONAL CORPORATE FINANCE S2 2007 Page- 4 3. COURSE AIMS AND OUTCOMES 3.1 Course Aims This course provides students with the basic theoretical and practical knowledge required for the management of financial functions of firms operatin[r]

This course will equip students with the basic theoretical and practical knowledge required to deal with international investment and financial decisions. It is relevant to a broad range of professions including corporate treasury management, corporate finance, internatio[r]

COURSE TITLE:CORPORATE FINANCEStudents:ID :Lecturer:UBIS INTAKE 5: 2013– 2014COURSE CODE:FIN 601COURSE CODE:MGT 601JANUARY 2014Final assignmentA. Financial Model (40 points)1. Prepare a brief introduction of the project (maximum 200 words)ANS joint stock company, establish soon, the co[r]

and Puerto Rico in the U.S., and more than 100 stores in Mexico. The company wasranked number 148 in the 2009 "Global Powers of Retailing" lisAutozone Inc. (Corporate Finance Strategies)Harvard Case Solution & AnalysisProblem: The issue occurred when Mr. Edward decided t[r]

The EMH has implications for investors andfirms.Since information is reflected in security prices quickly,knowing information when it is released does an investorno good.Firms should expect to receive the fair value for securitiesthat they sell. Firms cannot profit from fooling investors inan effi[r]

(NPV -$4 Million)Buy the movierights to book?(Cost $1 Million)3Raider’s Takeover of TargetUsing Options: Computation• Observe that the Targets Future is equal tothe option’s strike, so the simplified BSequation may be usedT1C ≈ Sσ= $100,000,000 * 0.20 *= $7.98 million2π2π• The NPV of t[r]

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights25- 3What We Do Not Know What determines project risk and PV ? Risk and return - Have we missed something? Are there important exceptions to the efficient markettheory? How can we explain capital structure? How can we resolve the div[r]

2,0001,800200401606496643290% of salesDifference = 10% of sales10% of debt at start of yearEBIT-interest40% of (EBIT-interest)EBIT-interest-taxesPayout ratio=2/3Net income - dividends2008001,00010% of sales40% of sales50% of sales4006001,000

286204All Underwrit ers$3,564Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights14 - 11General Cash OffersSeasoned Offering - Sale of securities by a firm thatis already publicly traded.General Cash Offer - Sale of securities open to allinvestors by an already public company[r]

Wal - MartPfizer6.66.2ExxonMobil5.9H.J.Heinz5.1E (r )Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights11- 20Capital Budgeting & Project Risk The project cost of capital depends on the use to whichthe capital is being put. Therefore, it depends on therisk of the pr[r]

agement is not one of them. That is why finance is worth studying. Who wants to work in a field wherethere is no room for judgment, experience, creativity, and a pinch of luck? Although this book can-not supply any of these items, it does present the concepts and informat[r]

5-175.4 The Present Value of Common Stocks• Dividends versus Capital Gains• Valuation of Different Types of Stocks– Zero Growth– Constant Growth– Differential GrowthMcGraw-Hill/IrwinCopyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.5-18Case 1: Zero Growth•[r]

Risk PremiaSuppose that The Wall Street Journal announcedthat the current rate for on-year Treasury bills is5%.What is the expected return on the market ofsmall-company stocks?Recall that the average excess return from smallcompany common stocks for the period 1926through 1999 was 13.9%Given a r[r]

 Certain cash flows can generate NPV=0 at two different discountrates.McGraw-Hill/IrwinCopyright © 2007 by The McGraw-Hill Companies, Inc. All rights7- 25Project InteractionsWhen you need to choose between mutuallyexclusive projects, the decision rule is simple.Calculate the NPV of each proj[r]

@ $800 million@ $300 millionCopyright © 2007 by The McGraw-Hill Companies, Inc. All rights1- 5The Role of The Financial Manager Financing DecisionRaisingmoney that the firm needs for itsinvestments and operations. Capital StructureTheMcGraw-Hill/Irwinmix of long term debt and equit[r]

Growth6Price == $1000.15 − 0.6 * 0.15Cost of CapitalRetention Ratio16Growth RateIllustration: DividendsAssetsCashLiab\Equ2Debt2Other10

McGraw-Hill/IrwinCopyright © 2007 by The McGraw-Hill Companies, Inc. All rights3- 13The Statement of Cash FlowsPepsico Statement of Cash Flows (excerpt - year end 2004)Net Income 4,212Non-cash expensesDepreciation1,264Other(109)Changes in working capitalA/R=(130) A/P=(50) Inv=(100) oth[r]

MFIN6210: Takeovers, Restructuring & Corporate Governance Page- 10 10. ABOUT THE INSTRUCTORS Ronan Powell Ronan Powell received his PhD in Finance from the University of Essex, in the UK. Prior to taking up a position at UNSW in 2001, he lectured in Finance at th[r]

magazines such as The Economist and Business Week also provide good applications of what youwill learn in the class.Chinese Journal: 三大证券报等Recommended End-of-chapter ProblemsI encourage you to work through the problems. Please note that these problems will typically not bediscuss[r]