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Tài liệu Corporate finance Part 1- Chapter 1 ppt

... buying a microwave oven than from spending the same amount of money at a restaurant! One of these choices can only be an investment and the other an ordinary outﬂow So what purpose investments serve?...

Tài liệu Corporate finance Part 1- Chapter 2 ppt

Danh mục: Tài chính doanh nghiệp

... degenerates into a price war that drives some players out of business But since a company cannot choose its rivals, it is important to understand what drives them Some rivals may be pursuing power ... stable and might even have to be abandoned Second, it is preferable to use the same funds to anchor the product more ﬁrmly in its market through technical innovation and marketing campaigns Consequently, ... the producer and consumers, and vice versa So, what type of distribution system should a company choose? This is naturally a key decision for companies The closer they can get to their end-customers,...

The Man Who Laughs VICTOR HUGO BOOK 1- PART 1 CHAPTER 2 doc

Danh mục: Kỹ năng đọc tiếng Anh

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The Man Who Laughs VICTOR HUGO BOOK 1-PART 1 CHAPTER 3 pot

Danh mục: Kỹ năng đọc tiếng Anh

... The sea, like the land, was white the one with snow, the other with foam There is nothing so melancholy as the light produced by this double whiteness Certain lights of night are very clearly cut ... past the roads had no longer been deserted Every instant troubled barks hastening towards an anchorage appeared from behind the capes; some were doubling Portland Bill, the others St Alban's...

The Man Who Laughs VICTOR HUGO BOOK 1- PART 1 CHAPTER 4 pot

Danh mục: Kỹ năng đọc tiếng Anh

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The Man Who Laughs VICTOR HUGO BOOK 1-PART 1 CHAPTER 5 ppsx

Danh mục: Kỹ năng đọc tiếng Anh

... appeared to diminish in his environs The shiver of the brushwood and the grass, a desolate melancholy, an anxiety in which a conscience seemed to lurk, appropriated with tragic force the whole...

The Man Who Laughs VICTOR HUGO BOOK 1-PART 1 CHAPTER 6 docx

Danh mục: Kỹ năng đọc tiếng Anh

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The Man Who Laughs VICTOR HUGO BOOK 1-PART 1 CHAPTER 7 pot

Danh mục: Kỹ năng đọc tiếng Anh

... Destiny is made up of cross-roads An option of path is dangerous This little being had an early choice of doubtful chances He continued to advance, but although the muscles of his thighs seemed...

The Man Who Laughs VICTOR HUGO BOOK 1-PART 1 CHAPTER 1 potx

Danh mục: Kỹ năng đọc tiếng Anh

... fishermen They had just taken refuge in the anchorage of Portland a sign of bad weather expected and danger out at sea They were engaged in casting anchor: the chief boat, placed in front after ... have worked away the creek where the Biscay hooker was moored To find any vestige of the little anchorage, now destroyed, the eastern side of the peninsula should be searched, towards the point ... concealed all day by the mist, had just set There was beginning to be felt that deep and sombrous melancholy which might be called anxiety for the absent sun With no wind from the sea, the water of the...

Tài liệu Corporate finance Part 2- Chapter 1 pdf

Danh mục: Tài chính doanh nghiệp

... portfolio by randomly choosing stocks from a list of public companies The major problem with this strategy is that investors may face undesired risks if the titles they choose are not consistent ... Shefrin, Beyond Greed and Fear, Understanding Behavioral Finance and the Psychology of Investing, Harvard Business School Press, 2000 R Thaler (ed.), Advances in Behavioural Finance, Russell Sage ... 13/ You have the choice between buying a Francis Bacon painting for ¼ 100,000 which will C be worth ¼ 125,000 in years, and investing in government bonds at 6% What would C your choice be? Why?...

Tài liệu Corporate finance Part 3- Chapter 1 ppt

Danh mục: Tài chính doanh nghiệp

... exist 4/ Because since the shareholders are the ones with the most at stake, they should be able to choose the managers who they think will be best able to manage the operating assets Exercises 1/ ... securities The holder of a debt security, who may have regarded himself to be protected having chosen this type of security, actually faces three types of risk: interest rate risk and coupon ... who wants to be assured of achieving a certain return on investment over a period of years will choose a portfolio of debt securities with a duration of years Note that the duration of a zero-coupon...

Tài liệu Corporate finance Part 4- Chapter 1 pdf

Danh mục: Tài chính doanh nghiệp

... techniques See Chapter 31 / Choosing a market for the IPO One of the essential choices to be made in an IPO is on which market the stock will be listed Chapter 41 Choice of corporate structure ... maintain a return on capital employed in excess of its Weighted Average Cost of Capital WACC ) If you choose a lower value, you are implying that the company enters a phase of decline after the explicit ... the end of the explicit forecast period Normalised cash flow ¼ kÀg The diﬃculty, of course, is in choosing the normalised cash ﬂow value and the perpetual growth rate The normalised cash ﬂow must...