BLISK 1. BLISK or IBR (Integrated Blade Rotors) are among the most innovative and challenging components in modern gas turbine engines. BLISK may be integrally cast‚ machined from a solid piece of material or made by welding individual blades to the rotor disc. Initially BLISK was used only in first stage LP compressor. Its low weight and excellent aerodynamic efficiency making it popular for use in the HP stage also. CONVENTIONAL DISK Vs BLISK 2. Conventional rotor disk comprises rotor blades
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cost of equity. It is commonly equated using the capital asset pricing model formula (below)‚ although articles such as Stulz 1995 question the validity of using a local CAPM versus an international CAPM- also considering whether markets are fully integrated or segmented (if fully integrated‚ there would be no need for a local CAPM). Once cost of debt and cost of equity have been determined‚ their blend‚ the weighted-average cost of capital (WACC)‚ can be calculated. This WACC can then be used as
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RESEARCH PROPOSAL Submitted by: Nawshad Ali Bhunnoo ID number: 1114525 Course name: BSc (Hons) Finance (minor: Law) Date of submission: 29th April 2013 Lecturer’s name: Mr U. Subadar Table of Contents Introduction Problem Statement Aims and Objectives. Literature review Empirical review Methodology Expected Output Benefits of the Research The Gantt Chart Budgeting References
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Contents 1.0 Chapter 1-Introduction‚ problem statement and objectives 2 2.0 Chapter 2- Literature Review 4 3.0 Chapter 3-Methodology 7 4.0 Chapter 4- Result 8 5.0 Conclusion 9 6.0 References 10 7.0 Articles 11 8.0 Appendix 11 * Chapter 1-Introduction‚ problem statement and objectives This assignment appertains to analyzing the relationship between one dependent variable with various independent variables. This assignment will be divided into 5 chapters in which
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maturity and on expected values rather than historical data. The yield to maturity on Nike’s publicly traded debt is 7.17% as opposed to her 4.3%. After tax the cost of debt is now 4.44%. The cost of equity was also calculated incorrectly using the CAPM equation. Instead of using an average of the historical betas I used the current beta as of 6/30/2001‚ the time of the analysis. I also used the geometric mean as the
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Journal of Money‚ Credit and Banking‚ 9(1)‚ 70-85. Retrieved May 28‚ 2010 from EBSCOHost database Chen‚ Sh. & Dodd‚ J. (2002). Market efficiency‚ CAPM‚ and value-relevance of earnings and EVA: A reply to the comment by professor Paulo 507-512. Retrieved May 28‚ 2010 from EBSCOhost database Chew‚ D Fama‚ E. & French‚ K. (1996). The CAPM is wanted‚ dead or alive. The Journal of Finance‚ 51(5)‚ P Hatfield‚ G. (2002). R&D in an EVA world. Research Technology Management‚ 45(1)‚ 41-47.
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FI Corporation’s dividends per share are expected to grow indefinitely by 5% per year: a. If next year dividend is expected to be $8.00 and the market capitalization rate is 10% per year‚ what must the current stock price be according to the DDM? P0 = D1 / (k – g) P0 = $8.00 / (.10 – .05) ( $160.00 b. If the expected EPS are $12‚ what is the implied value of the ROE on future investment opportunity? EPS >ROE
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effects? a. P/E effect. P/E effect can be considered as efficient market anomalies that can’t be explained by CAPM. If two firms have the same expected earnings‚ the riskier stock will sell at a lower price and lower P/E ratio. Thus the low P/E stock will have higher expected returns. P/E acts as a useful additional descriptor of risk‚ and will be associated with abnormal returns if the CAPM is used to establish benchmark performance. CAMP does not account for all risks. b. Book-to-market effect
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companies not necessarily utilizing the NPV method or the CAPM in their capital budgeting and investment evaluation processes. This paper presents results of a survey conducted among the companies listed on the Helsinki Stock Exchange. The results show that the Finnish companies still lag behind US and Swedish companies in their use of the NPV‚ and the IRR method‚ even though it has become more commonly used during the last ten years. CAPM is used in surprisingly few companies‚ and 27 percent of
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Cost of Capital at Ameritrade Christoph Schneider Ross School of Business Basic assumptions Tax Rate Beta Debt Leverage (D/V) Leverage (D/E) 1997 35.5% 0.25 0.00 0.00 1996 39.4% 1995 35.1% Average 36.7% Comparable companies’ βE Tax Rate Beta Debt Leverage (D/V) Leverage (D/E) Discount Brokerage Firms Charles Schwab Quick & Reilly Waterhouse Securities 1997 35.5% 1996 39.4% β E from Jan’92-Dec’96 2.30 2.20 β E from all months 2.35 2.30
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