finance instead of traditional internal debt finance? PDVSA should think about financing the development of the Orinoco Basin by using project finance. The company (PDVSA) is looking forward to the financing of a public-private “chain” of deals between PDVSA and other foreign organizations that posses technological know-how‚ crude oil marketing capacity and creditworthiness‚ to develop the Orinoco Basin. This is good to them because this type of deal will allow PDVSA to keep its debt and cash capabilities
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Debt Factoring Debt Factoring definition Debt factoring is a form of commercial finance which allows a business to sell its debtors (accounts receivable) to a third party‚ known as a ‘factor’ in return for an immediate cash advance‚ often between 70-85% of the invoice amount. On payment by the original debtor to the factor of the full amount‚ the factor will pay over the rest of the amount less a 2-3% fee. Why use Debt Factoring as a form of financing? Debt factoring can be a very effective way
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cash flow models: Dividend discount Free cash flow to the firm Residual income Multiples-based valuation: Price-earnings Value-EBITDA Value-EBIT Value-Sales Price-Book value Equity valuation In conjunction with the valuation of Coles Group‚ contained in “Excel03 Equity valuation” Real options valuation Equity markets price shares above the present value of expected future cash flows‚ due to the presence of embedded options not captured by DCF analysis Real options valuation is introduced
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Assignment 2: Business Financing and the Capital Structure Principles of Finance Finance 100 December 12‚ 2013 Business Financing and the Capital Structure Raising Business Capital As a financial advisor to this business there are two options to consider for raising business capital‚ equity financing and debt financing. The details‚ advantages‚ and disadvantages of both options will be provided. Also information about raising capital by selecting an investment
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FINANCING INSTITUTIONS OTHER THAN BANKS Often in business we need capital. Of course‚ this capital can be borrowed from banks or institutions other than banks. Of course‚ with borrowing on financial institutions other than banks will be charged a higher interest rate. The following definitions explain some of the institutions other than banks which cover several fields‚ namely: a. Leasing (Leasing) b. Venture Capital c. Factoring (factoring) d. Business Credit Card e. Consumer Financing
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The Future of Educational Financing Grand Canyon University EDA-535 September 30‚ 2014 What will the future of school funding look like in the next ten years This question troubles many communities and professionals in the field of Education. Over the past decade many new laws and ideas have changed the way schools are funded. More than ever before districts are finding themselves struggling to meet the financial needs of their communities and students. There are many issues one must consider to
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QUADRANT TELEVENTURES LTD. EQUITY RESEARCH REPORT August 25‚ 2013 Results Review Quadrant Televentures Ltd. Share Data Market Cap Price BSE Sensex SELL The company provides landline‚ internet‚ leased line and mobile Reuters Bloomberg Avg. Volume (30 Days) 52-Week High/Low Shares Outstanding Rs 1‚52.45 cr. Rs. 2.47 18‚519.44 (+1.13%) QUAD.BO QDTV:IN 42‚985 Rs. 4.98/2.16 61.226 cr. telephony (GSM and CDMA) services in the Punjab telecom circle. It was formerly
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Financing thru Stocks Stocks are the owned capital of a business and that it is considered a permanent investment. Stockholders are people who invest in stocks and their ownership in the corporation is evidenced by a stock certificate. Stocks may be obtained thru: * Subscription * Purchase * Issuance of stock dividends Almost all of the initial capital of the corporation including a large segment of the future capital comes from the sale of stock. Stock Financing * Refers
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Cost of Debt and Cost of Equity: Cost of Debt is the interest rate and the Cost of Equity is the expected rate of return demanded by investors in the firm’s common stock. The issue at hand is finding the correct costs of debt and equity in order to find an accurate calculation of WACC. Cohen used the 20-year yield on U.S. Treasuries as the risk free rate‚ which we found to be the correct figure given that Nike Inc. debt was valued over 25 years. Because there is no other given yield that is comparable
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Australia’s foreign debt In recent years‚ Australia’s debt to the rest of the world has increased‚ and grew on average by 6.1% per year between June 1999 and June 2009‚ increasing from $15‚400 to $27‚900 in 2007-08. The growth in a country’s foreign debt can reflect several related influences. The value of its imports and other current payments to foreigners may exceed the value of its exports and other current receipts from foreigners‚ is this is the case then the nation experiences a deficit
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