“Case: Tianjin Plastics” Vrije Universiteit Amsterdam Course Advanced Corporate Finance Students Fatin Azear Jos Kusters Maaike van der Steen Case: Tianjin Plastics This assignment considers the case of Tianjin Plastics. Pat Johnson‚ project finance analyst for Maple Energy (U.S.-based international power plant developer)‚ has to make a recommendation regarding the financial viability of the Tianjin Plastics power plant project in China. The recommendation would require a final evaluation of
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Questions and Problems Page 1 of 3 Corporate Finance eBook 9/e Content Chapter8: Interest Rates and Bond Valuation Questions and Problems 1. Valuing Bonds What is the price of a 10-year‚ zero coupon bond paying $1‚000 at maturity if the YTM is: BASIC (Questions 1– 12) a. 5 percent? b. 10 percent? c. 15 percent? 2. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1‚000 Time to maturity: 25 years Coupon rate: 7 percent Semiannual payments Calculate the price of
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The London Eye is a giant Ferris wheel situated on the banks of the River Thames inLondon‚ England. The entire structure is 135 metres (443 ft) tall and the wheel has a diameter of 120 metres (394 ft). It is the tallest Ferris wheel in Europe‚ and the most popular paid tourist attraction in the United Kingdom‚ visited by over 3.5 million people annually.[4] When erected in 1999 it was the tallest Ferris wheel in the world‚ until surpassed first by the 160 m (520 ft) Star of Nanchang in 2006 and
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MSc. FIN40430 Strategic Finance Dr. Cormac Mac Fhionnlaoich Reflective Paper “Corporate Finance and Product Market Competition” Elchin Karimov – 09261966
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London Advantages To live in London is to experience one of the great cities of the world. Students at UCL benefit from our location in the centre of the capital‚ the hub of culture‚ arts‚ politics‚ government‚ the media‚ the law and the great financial institutions of the City of London. The capital also offers a scene and status unrivalled by any other city. UCL‚ England’s third oldest university‚ is at the heart of what has been described as ‘the knowledge capital of the world.’ London
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pharmaceutical company that is the company business effectively while achieving the highest level of margin equity in 2011 amounted to 30% per year. 1.2 COMPANY BUSINESS 1.2.1 TRA TRAPHACO joints stock company was established in Nov 28/1972. On 9 September 1999‚ the company was equitized into Pharmaceutical and medical material and equipments Joint Stock Company – Ministry of Communications and Transport. Headquarter
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price $40 Market value of firm $400‚000 Number of shares 10‚000 Earnings per share $4 Book net worth $500‚000 Return on investment 8% Pisa has not performed spectacularly to date. However‚ it wishes to issue new shares to obtain $80‚000 to finance expansion into a promising market. Pisa’s financial advisers think a stock issue is a poor choice because‚ among other reasons‚ “sale of stock at a price below book value per share can only depress the stock price and decrease shareholders’ wealth
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liability‚ and list firm types that are subject to each. 3. Describe taxation consequences for C and S corporate forms. Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-3 Learning Objectives (cont’d) 4. Discuss the division of corporate ownership into shares of stock; evaluate the implications of that division for corporate decision making. 5. Explain how corporate bankruptcy can be viewed as a change in firm ownership. 6. Compare and contrast characteristics of shares
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Sample Test Problems 9.1 Which type of secondary market provides the most efficient market for securities? 9.2 Is preferred stock classified as debt or equity? 9.3 Burnes‚ Inc. is a mature firm that is growing at a constant rate of 5.5 percent per year. The firm’s last dividend was $1.50. If the required rate of return is 12 percent‚ what is the market value of this stock assuming dividend growth equals the growth rate of the firm? 9.4 Abacus Corp. will pay dividends of $2.25‚ $2.95 and $3.15
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Solutions to Practice Problems by Kyung Hwan Shim University of New South Wales Australian School of Business School of Banking & Finance for FINS 3625 S1 2010 May 23‚ 2010 ∗ These notes are preliminary and under development. They are made available for FINS 3625 S1 2010 students only and may not be distributed or used without the author’s written consent. ∗ 1 Solution for Question 1 Summary Table of Cash Flows t=0 I II CF from Machinery ignoring depreciation Working Capital Level
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