Fundamentals of Corporate Finance 8th edition: Solutions Manual

Tài liệu Fundamentals Of Corporate Finance docx

...

0
1,103
10

Tài liệu McGraw.Hill - Brealey & Myers - Principles of Corporate Finance, 6th Edition Slides docx

... Cost of Capital Principles of Corporate Finance Brealey and Myers Sixth Edition Chapter 241Short Cutsw Sometimes there are shortcuts that make itvery easy to calculate the present value of ... YearsFV of $110% Simple10% Compound20Rate of Return Rulew Accept investments that offer rates of returnin excess of their opportunity cost of capital.ExampleIn the project listed below, ... .14350,000350,000400,000investmentprofitReturn =−==25Opportunity Cost of CapitalExample - continuedDiscounting the expected payoff at the expectedreturn leads to the PV of the project.650,95$1.15110,000PV...

816
1,259
7

Tài liệu Fundamentals of Corporate Finance docx

...

651
1,276
2

Fundamentals of Corporate Finance docx

... limited number of years is called an annuity. The present value of astream of cash flows is simply the sum of the present value of each individual cash flow.Similarly, the future value of an annuity ... immediately instead of at the end of the first period.a. Why is the present value of an annuity due equal to (1 + r) times the present value of anordinary annuity?b. Why is the future value of an annuity ... in-stallments of $465,000 each. What is the present value of the jackpot? The interest rateat the time was about 8 percent.The present value of these payments is simply the sum of the present values of...

Fundamentals of Corporate Finance potx

... Maximize FirmValue?Snippets of HistorySummarySelected material from FUNDAMENTALS OF CORPORATE FINANCE, Third Editionwith additional material from FUNDAMENTALS OF CORPORATE FINANCE, Alternate Fifth ... from: Fundamentals of Corporate Finance, Third Edition by Richard A. Brealey, Stewart C. Myers, and Alan J. Marcus. Copyright© 2001, 1999, 1995, by The McGraw-Hill Companies, Inc. Fundamentals of ... small selection of years and interest rates.Table A.1 at the end of the material is a bigger version of Table 1.6. It presents the fu-ture value of a $1 investment for a wide range of time periods...

Fundamentals of Corporate Finance ppt

... horizon of t years, the original $100 investment will growto $100 × (1.06)t. For an interest rate of r and a horizon of t years, the future value of your investment will beFuture value of $100 ... cost of $15 billion.1988 Mergers. The 1980s saw a wave of takeoversculminating in the $25 billion takeover of RJRNabisco. Over a period of 6 weeks three groups bat-tled for control of the ... persondoes all day, but we can give you some idea of the variety of careers in finance. Thenearby box summarizes the experience of a small sample of recent (fictitious) graduates.We explained...

651
1,587
0

Fundamentals of Corporate Finance 8th edition: Solutions Manual

... = $25 Solutions Manual Fundamentals of Corporate Finance 8th edition Ross, Westerfield, and Jordan Updated 03-05-2007 B-28 SOLUTIONS Market-to-book ratio ... Therefore, the study of corporate finance is concentrated within the treasury group’s functions. 6. To maximize the current market value (share price) of the equity of the firm (whether it’s ... sometimes personal tax rates are better than corporate tax rates. 3. The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends....

399
2,347
30

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 1 potx

... the last of the leading investment-bank part-nerships, issued shares and became a public corporation in 19 98. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 1. Finance ... invest-ments. We discuss international corporate finance at many different points in thechapters that follow. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 1. Finance ... all sources of financing. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 1. Finance and the Financial Manager© The McGraw−Hill Companies, 2003Most well-known corporations...

15
2,585
1

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 2 pps

... Ethics: The Case of Salomon Broth-ers,” Journal of Applied Corporate Finance 5 (Summer 19 92) , pp. 23 28 . Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 2. Present Value ... in-vestment plus interest of .07 ϫ 373,8 32 ϭ $26 ,168. The total sum you receive is 373,8 32 ϩ 26 ,168 ϭ$400,000. Note that 373,8 32 ϫ 1.07 ϭ $400,000. Brealey−Meyers: Principles of Corporate Finance, ... McGraw−Hill Companies, 20 03 CHAPTER TWO 12 P R E S E N T V A L U E A N D T H EOPPORTUNITYCOST OF CAPITAL Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 2. Present Value...

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 3 doc

... ϭ 121 3 120 ϩ 10 ϭ 130 121 ϩ 12.1 ϭ 133 .14 130 ϩ 10 ϭ 140 133 .1 ϩ 13. 3 ϭ 146.410 190 ϩ 10 ϭ 200 236 ϩ 24 ϭ 25920 290 ϩ 10 ϭ 30 0 612 ϩ 61 ϭ 6 73 50 590 ϩ 10 ϭ 600 10,672 ϩ 1,067 ϭ 11, 739 100 ... r1ϩC211 ϩ r222ϩC 3 11 ϩ r 3 2 3 ϩ…PV ϭC11 ϩ r1ϩC211 ϩ r222 34 PART I Value Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 3. How to Calculate Present ... Ϫ100,000 Ϫ 93, 5002 30 0,000 ϩ261,900Total ϭ NPV ϭ $18,400111.0722ϭ .8 73 11.07ϭ . 935 TABLE 3. 1Present value worksheet. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I....

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 4 doc

... flow 5. 84 6 .40 7 .41 8. 74 9.39Depreciation 1 .45 1.60 1.75 1.97 2.22Pretax profits 4. 38 4. 80 5.66 6.77 7.17Tax 1.53 1.68 1.98 2.37 2.51Aftertax profits 2.85 3.12 3.68 4. 40 4. 66TABLE 4. 8Summary ... 10.7%TABLE 4. 2DCF cost -of- equity estimates for electric utilities in 2001.Source: The Brattle Group, Inc. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 4. The Value of ... IValueYear1 2 345 678910Asset value 10.00 12.00 14. 40 17.28 20. 74 23 .43 26 .47 28.05 29.73 31.51Earnings 1.20 1 .44 1.73 2.07 2 .49 2.81 3.18 3.36 3.57 3.78Investment 2.00 2 .40 2.88 3 .46 2.69 3. 04 1.59...

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 5 docx

... ϩ8001. 152 ϩ 150 11. 152 22ϩ 150 11. 152 23ϩ 150 11. 152 24ϩ 150 11. 152 2 5 NPV ϭϪ1,000 ϩ800 .50 ϩ 150 1 .50 22ϩ 150 1 .50 23ϩ 150 1 .50 24ϩ 150 1 .50 2 5 Ϫ 150 1 .50 26ϭ 04By Descartes’s “rule of signs” ... 400 /5 =80, or $80,000 per year.†Capital investment is$400,000 in year 0.Year12 3 456 71. Revenue 140 140 140 140 140 140 1402. Operating costs 55 55 55 55 55 55 55 3. Depreciation* 57 57 57 ... Investment1 5, 000 10,0002 5, 000 5, 0003 10,000 90,0004 15, 000 60,000 5 15, 000 75, 0006 3,000 15, 000 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. Value 5. Why Net Prsnt...

28
1,029
0

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 6 ppt

... 7.70 6. 185 11.52 8.93 9.22 6. 93 5.71 6 5. 76 8.93 7.37 6. 23 5.287 8.93 6. 55 5.90 4.898 4.45 6. 55 5.90 4.529 6. 55 5.90 4. 46 10 6. 55 5.90 4. 46 11 3.29 5.90 4. 46 12 5.90 4. 46 13 5.90 4. 46 14 ... flow (5 ϩ 6 ϩ 7) Ϫ12 ,60 0 Ϫ1 ,63 0 2,381 6, 205 10 ,68 5 10,1 36 6,110 3,4449. Present value at 20% Ϫ12 ,60 0 Ϫ1,358 1 ,65 4 3,591 5,153 4,074 2,0 46 961 Net present value ϭϩ3,519 (sum of 9)TABLE 6. 2IM&C’s ... Ϫ1,580 262 3,432 5,929 4,053 1,939 68 25. Cash flow from operations (1 Ϫ 2 Ϫ 3 Ϫ 4) Ϫ2 ,60 0 Ϫ934 3 ,68 6 8,295 12, 163 8 ,67 8 4,1 76 68 2 6. Change in working capital Ϫ550 Ϫ739 Ϫ1,972 Ϫ1 ,62 9 1,307...

33
1,299
2

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 7 potx

... The standard deviation of a well- Brealey−Meyers: Principles of Corporate Finance, Seventh Edition II. Risk 7. Introduction to Risk, Return, and the Opportunity Cost of Capital© The McGraw−Hill ... the net profit per play is the payoff less $100. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition II. Risk 7. Introduction to Risk, Return, and the Opportunity Cost of Capital© ... Diversi-fied Portfolio?” Journal of Financial and QuantitativeAnalysis 22 (September 19 87) ,pp. 353–363. Brealey−Meyers: Principles of Corporate Finance, Seventh Edition II. Risk 7. Introduction...

34
1,040
2

Xem thêm