Fundamentals of Corporate Finance Phần 9 doc

Fundamentals of Corporate Finance Phần 9 doc

Fundamentals of Corporate Finance Phần 9 doc

... and Chief Executive Officer $130,000 Ed Lucullus Treasurer $ 95 ,000 CERTAIN TRANSACTIONS At various times between 199 0 and 199 9 First Cookham Venture Partners invested a total of $1.5 million in ... 3 years of trading have been less than a con- trol sample of matching firms. See J. R. Ritter, “The Long-Run Performance of Initial Public Offerings,” Journal of Finance 46 (March...

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Fundamentals of Corporate Finance Phần 4 docx

Fundamentals of Corporate Finance Phần 4 docx

... Banks Keep the ‘Float,’ ” The Wall Street Journal, June 3, 199 9, p. B1. Reprinted with permission of The Wall Street Journal. Copyright 199 9 Dow Jones & Company. All Rights Reserved Worldwide. 1 “Amoco ... inventory = 250 = 25 .9 days 3,518/365 This is a reduction of 22.8 days from the original value of 48.7 days. Days in receivables = 300 = 27.6 days 3 ,96 8/365 This is a reduct...

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Fundamentals of Corporate Finance Phần 6 doc

Fundamentals of Corporate Finance Phần 6 doc

... 3 PV at 6% Machine D 15 4 4 4 25. 69 Equivalent annual cost 9. 61 9. 61 9. 61 25. 69 How did we know that an annual charge of $9, 610 has a present value of $25, 690 ? The annual charge is a 3-year annuity. ... cost of buying and operating a machine. 336 SECTION THREE 9. Risk Premiums. Here are stock market and Treasury bill returns between 199 4 and 199 8: Year S&P Return T-B...

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Fundamentals of Corporate Finance Phần 8 doc

Fundamentals of Corporate Finance Phần 8 doc

... profits will increase by .01 × (sales – variable costs) = .01 × (profits + fixed costs). Now recall the definition of DOL: DOL = percentage change in profits = change in profits/level of profits percentage ... profits percentage change in sales .01 = 100 × change in profits = 100 × .01 × (profits + fixed costs) level of profits level of profits =1 + fixed costs profits t helps to use...

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Fundamentals of Corporate Finance Phần 1 potx

Fundamentals of Corporate Finance Phần 1 potx

... started in 198 6 and was completed in 199 4 at a total cost of $15 billion. 198 8 Mergers. The 198 0s saw a wave of takeovers culminating in the $25 billion takeover of RJR Nabisco. Over a period of 6 weeks ... Generate Net Benefits? 5 89 22.8 Summary 590 Related Web Links 592 Key Terms 592 Quiz 592 Practice Problems 593 Challenge Problems 594 Solutions to Self-Test Questions...

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Fundamentals of Corporate Finance Phần 2 ppsx

Fundamentals of Corporate Finance Phần 2 ppsx

... declined from $30.20 to $3, a fall of over 90 percent. Year Consumer Price Index ( 194 7 ؍ 100) 194 7 195 1 195 5 195 9 196 3 196 7 197 1 197 5 197 9 198 3 198 7 199 1 199 8 199 5 700 600 500 400 300 200 100 0 FIGURE ... high as 194 7 prices. 4 The purchasing power of money fell by a factor of 6 .99 between 194 7 and 199 8. A dollar in 199 8 would buy only 14 percent of the goods it...

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Fundamentals of Corporate Finance Phần 3 pot

Fundamentals of Corporate Finance Phần 3 pot

... March 31 2000 199 9 199 8 199 7 199 6 199 5 Net sales 3,351 3,314 2,845 2, 796 2, 493 2,160 EBIT 9 312 256 243 212 156 Interest 37 63 65 58 48 46 Taxes 3 60 46 43 39 34 Net profit – 49 1 89 145 142 125 ... Data Balance Sheet Data Year Ending, First End of First Quarter End of First Quarter Quarter 199 9 199 8 199 9 Sales $3 ,96 8 Inventory $470 $468 Cost of goods sold 3,518 Accounts...

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Fundamentals of Corporate Finance Phần 5 ppt

Fundamentals of Corporate Finance Phần 5 ppt

... be repaid. 20 14 18 12 10 4 16 8 6 2 0 195 4 195 8 196 2 196 6 197 0 197 4 197 8 198 2 199 4 199 0 198 6 199 8 Year Yield to maturity (%) Junk bonds Baa-rated Aaa-rated Treasury bonds FIGURE 3 .9 Yields on long-term bonds. Bonds ... 1.6 .9 10.4 6 .9 .6 1.1 2.1 4.1 8.1 15 51 10 12 23 dd 25 56 39 7 cc dd 40 dd 31 dd 45 2 098 352 681 5488 11 097 394 297 3...

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Fundamentals of Corporate Finance Phần 7 pot

Fundamentals of Corporate Finance Phần 7 pot

... Then the beta of your portfo- lio will be a mixture of the beta of the market (β market = 1.0) and the beta of the T-bills (β T-bills = 0): Beta of portfolio = ( proportion × beta of ) + ( proportion × beta ... Income (5 – 6) 650.00 566.00 478.64 387. 79 293 .30 8. Tax at 35% 227.50 198 .10 167.52 135.72 102.65 9. Net income (7 – 8) $422.50 $367 .90 $311.12 $252.06 $ 190 .64 Not...

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Fundamentals of Corporate Finance Phần 10 potx

Fundamentals of Corporate Finance Phần 10 potx

... Year Number of Years 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 1 .99 0 .98 0 .97 1 .96 2 .95 2 .94 3 .93 5 .92 6 .91 7 .90 9 .90 1 . 893 .885 .877 .870 2 .98 0 .96 1 .94 3 .92 5 .90 7 . 890 .873 .857 ... 69. 780 74.327 13 36.786 39. 404 42.2 19 45.244 48. 497 51 .99 1 55.746 59. 7 79 64.110 68.760 73.751 79. 107 84.853 91 .016 97 .625 14 43.672 47.103 50.818 54.841 59. 196 63...

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