Inventory Valuation Retailers define inventory as intended sellable assets consisting of goods that are available for resale to customers. Manufacturers also maintain three components of inventory. These include “finished goods” which are goods that have been completed and are awaiting sales. Manufacturers may also have “work in process inventory” made up of goods being manufactured but not yet completed. The third category of inventory is “raw materials‚” consisting of goods that are to
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Lecture 03: Applying the Time Value of Money to Security Valuation – Valuation of Bonds and Debt Securities A bond or a debenture is a long term debt instrument carrying a fixed rate of interest which is known to investors. A bond is redeemable after a specified period. Bonds are also called gilt edged securities or gilt when issued by the government since it is free of default risk. Features of a Bond or Debenture • Face Value – Face value is called par value. A bond / debenture is generally
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CHAPTER 4 BONDS ANND THEIR VALUATION Bond value--semiannual payment 1. You intend to purchase a 10-year‚ $1‚000 face value bond that pays interest of $60 every 6 months. If your nominal annual required rate of return is 10 percent with semiannual compounding‚ how much should you be willing to pay for this bond? N = 20 I/Y = 5 PV = -1124.62 PMT = 60 FV = 1000 Bond value--semiannual payment 2. Assume that you wish to purchase a 20-year bond that has a maturity value of $1‚000 and makes semiannual
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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Valuation of Mergers and Acquisitions SUBMITTED BY: DEBAYAN MUKHERJI PGDM ’"2008-2010 ROLL NO: 08PGDM083 INTERNATIONAL MANAGEMENT INSTITUTE‚ NEW DELHI CONTACT NUMBER: 09717443910 EMAIL : debayan.p08@imi.edu Valuation of Mergers and Acquisitions Mergers and acquisitions (more generally‚ takeovers) are an important means through which companies achieve economies of scale‚ face the competition‚ or respond to economic shocks. For example ‚how the $54 billion US chemical major
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FINANCIAL ANALYSIS AND VALUATION OF AMCL PRAN [pic] MBA (Evening) Program Department of Finance Faculty of Business Studies University of Dhaka August 2013 FINANCIAL ANALYSIS AND VALUATION OF AMCL PRAN M Shahjahan Mina Professor August 2013 Supervisor’s Remarks Kh Sazzadur Rahim Batch Number 15‚ ID # 15057 Student’s Declaration: I declare that the submitted project paper /internship report is original and solely produced by
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Forecast of Revenue and Expense Besides Supply and Demand analysis which provides a general concept of measuring performance in the market share‚ revenues and expenses forecast gives the investors the overview of the future cash flow which reflects the return as the crucial metrics of the investment‚ helping investor to make a good decision. According to the proposal plan‚ the proposed hotel located in 22nd street will have following facilities: 238 hotel rooms‚ 53 off-street parking spaces in
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a comprehensive valuation based on DCF‚ multiple and DDM analysis. September 6‚ 2010 [EQITY RESEARCH REPORT: VODAFONE. (VOD.L‚ VOD LN)] Equity Research Report NAME: Myles Carey CID: 00619732 TABLE OF CONTENTS Page 3: Investment Summary Pages 3-4: Investment Highlights Page 5: Business Summary Page 6: SWOT Analysis Page 7: Telecoms Industry - Overview Page 8: Telecoms Industry – Trend and Regulation Page 9: Competitive position Page 10: Performance Page 11: Valuation – Sum-of-parts Page
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Valuation Report WAL-MART STORES‚ INC. Table of Contents Legal Disclaimer i Executive Summary 1 1 Company Overview 1 2 Valuation Methods Used 1 3 Fundamental Valuation 1 4 Market Valuation 1 5 Liquidation Value 1 Appendix 1 * Legal Disclaimer This valuation is subject to the following assumptions and limiting conditions: 1. Information‚ estimates‚ and opinions contained in this report are obtained from sources considered to be reliable. However‚ we assume no liability for
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CHAPTER 7 Bonds Valuation CHAPTER ORIENTATION This chapter introduces the concepts that underlie asset valuation. We are specifically concerned with bonds. We also look at the concept of the bondholder’s expected rate of return on an investment. CHAPTER OUTLINE I. Types of bonds A. Debentures: unsecured long-term debt. B. Subordinated debentures: bonds that have a lower claim on assets in the event of liquidation than do other senior debtholders. C. Mortgage bonds: bonds
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