fundamentals of corporate finance

Ngày tải lên: 20/12/2013, 17:15

Ngày tải lên: 22/02/2014, 06:20

... limited number of years is called an annuity. The present value of a stream 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 an ordinary 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 rate at the time was about 8 percent. The present value of these payments is simply the sum of the present values of...

Ngày tải lên: 31/03/2014, 22:21

... Firm Value? Snippets of History Summary Selected material from FUNDAMENTALS OF CORPORATE FINANCE, Third Edition with 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 â 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...

Ngày tải lên: 28/06/2014, 10:20

... horizon of t years, the original $100 investment will grow to $100 ì (1.06) t . For an interest rate of r and a horizon of t years, the future value of your investment will be Future value of $100 ... cost of $15 billion. 1988 Mergers. The 1980s saw a wave of takeovers culminating in the $25 billion takeover of RJR Nabisco. Over a period of 6 weeks three groups bat- tled for control of the ... person does all day, but we can give you some idea of the variety of careers in finance. The nearby box summarizes the experience of a small sample of recent (fictitious) graduates. We explained...

Ngày tải lên: 28/06/2014, 23:20

... 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 ... relatively small percentage of individual ownership. Fewer individual owners should reduce the number of diverse opinions concerning corporate goals. The high percentage of institutional ownership ... 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....

Ngày tải lên: 01/07/2014, 14:22

... Marcus Wallace E. Carroll School of Management Boston College with additional material from Fundamentals of Corporate Finance, Alternate Fifth Edition Essentials of Corporate Finance, Second Edition Stephen ... material from Fundamentals of Corporate Finance Third Edition Richard A. Brealey Bank of England and London Business School Stewart C. Myers Sloan School of Management Massachusetts Institute of Technology Alan ... from those of the firm. These problems are kept in check by compensation plans that link the well-being of employees to that of the firm, by monitoring of management by the board of directors, security...

Ngày tải lên: 05/08/2014, 13:20

... limited number of years is called an annuity. The present value of a stream of cash flows is simply the sum of the present value of each individual cash flow. Similarly, the future value of an annuity ... is all-equity financed. What must its profit margin be if it wishes to finance 8 percent growth using only internally generated funds? 24. Internal Growth. If the profit margin of the firm in ... managers are often using a code to communicate real concerns. For example, a target profit margin may be a way of saying that in pursuing sales growth the firm has allowed costs to get out of control. The...

Ngày tải lên: 05/08/2014, 13:20

... Microsoft’s total capital in 1997 was $7.2 billion. With a return of 53 percent, it earned profits on this figure of .53 ì 7.2 = $3.8 billion. The total cost of the capital employed by Microsoft ... cents of tax on each dollar of income up to an income of $62,450. For example, if your total in- come is $40,000, your tax bill is 15 percent of the first $25,750 of income and 28 per- cent of the ... say that such a firm is less prof- itable simply because it employs debt finance and pays out part of its profits as inter- est. Therefore, when calculating the profit margin, it seems appropriate...

Ngày tải lên: 05/08/2014, 13:20

... annual rate of 6 percent. a. What is the effective rate of interest if the loan is for 1 year and is paid off in one pay- ment at the end of the year? b. What is the effective rate of interest ... annual rate of 6 percent. However, the borrower must maintain a balance of 25 percent of the amount of the loan, and the balance does not earn any interest. a. What is the effective rate of interest ... Balances. Suppose that Dynamic Sofa (a subsidiary of Dynamic Mattress) has a line of credit with a stated interest rate of 10 percent and a compensating balance of 25 percent. The compensating...

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 05/08/2014, 13:20

Ngày tải lên: 13/12/2013, 14:53

... DEPRECIATION EXPENSES with COST OF LABOR AND MATERIALS. www.LisAri.com v05/15/94 v-1.1 p01/14/00 INTRODUCTION: BASICS OF CORPORATE FINANCE COURSE OVERVIEW Basics of Corporate Finance serves as an introductory ... claim on the ownership of the company. Often, the number of outstanding shares is included on this line. ã RETAINED EARNINGS value of the assets of the company in excess of the claims upon those ... on a set of assumptions concerning the future operations and finances of a company. Other methods for estimating corporate value are presented and the relative strengths and weaknesses of each...

Ngày tải lên: 22/12/2013, 16:15