------------------------------------------------- FI 627: Corporate Finance: Applications and advanced topics ------------------------------------------------- Study questions for case studies: Spring 2013 Week 1: Sears‚ Roebuck & Co. vs. Wal-Mart Stores‚ Inc. 1. How do the retailing strategies of Sears and Wal-Mart differ? 2. Wal-Mart’s average return on equity for the 1997 fiscal year was 19.7% while Sears’ average return on equity over roughly the same period was
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Determining the Cost of Capital Can One Size Fit All? 1. Why do you think Larry Stone wants to estimate the firm’s hurdle rate? Is it justifiable to use the firm’s weighted average cost of capital as the divisional cost of capital? Please explain. Larry wants to estimate the firm’s hurdle rate because it would provide him with a standard with which to measure feasibility of future investment proposal. The firm had thus far been using a ‘gut feel’ approach and although most of
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1. Describe the skills or attributes you believe are necessary to be an outstanding teacher. From my own personal experience in order to be an outstanding teacher‚ an individual must possess the following qualities: a genuine passion for teaching‚ knowledgeable not only in their content area of teaching‚ but also in various types of learning styles‚ including knowledge of social and emotional barriers to learning‚ and they must be creative in their teaching style. If one doesn’t have a genuine passion
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Glogovac 1 Bianca Glogovac Ms. Gysin English 102 21st April 2013 How Did Walt Disney Create Mickey Mouse? The public is filled with Disney products and endorsements. Disneyland is known as the happiest place on Earth and all in thanks to the creator‚ Walt Disney. Children now look up to Disney as a source of hope‚ faith and inspiration for the future. Disney left behind tracks to what a child needs to grow and to become happy with the idea that magic exists. His first creation was brought
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Rosario Acero S.A. Teaching Note Synopsis and Objectives In March 1997‚ the board’s chair of this small steel mill was pondering how to finance the growth of his firm: either with an initial public offering (IPO) of equity or through a private placement of eight-year senior notes with warrants. The task for the student is to sort out the comparative advantages and disadvantages of each alternative—including valuing the possible securities—and then recommend a course of action. These are the
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A PROJECT REPORT ON KINGFISHER AIRLINES LTD. Overview of Airlines industry in India The aviation industry in India is one of those sectors that saw a constant pace of growth among the other industries in the world over the past many years. The open sky policy of the government has helped a lot of overseas players entering the aviation market in India. From then‚ it has only been growing in terms of players and the number of aircrafts. At present‚ private airlines
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Report on Capital Budgeting Abstract This report deals with • The nature of capital investment appraisal • The techniques available for evaluating capital investments • The limitations of these techniques • The capital budgeting practices in select countries Introduction: Some of the major responsibilities of top management are in the area of long range planning. Allocating resources to competing uses is one of the most important decisions a manager has to make. Executives are constantly
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the MW’s reserves should be valued higher than by using APV method. The following table presents the value of MW’s reserves calculated with APV‚ discounted cash flow‚ and different maturity real option valuing methods: | | | | | | | APV | DCF | 5-y | 6-y | 7-y | Value | 579‚3 | 498‚6 | 555‚5 | 561‚6 | 568‚6 | Since APV method takes into account the side effect of debt financing‚ it is somewhat greater than the value obtained by simply discounting all the cash flows from future into
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CI/SfB (28) October 2011 Hh2 SFS Specification Manual www.metsec.com 2 Contents Metsec: investing in quality and service 4-5 Choosing the right SFS application 6-7 SFS applications 8-17 SFS component range Infill walling Continuous walling High-bay separating walls Load-bearing structures 8-9 10-11 12-13 14-15 16-17 External finishes 18-23 Section through masonry clad wall External wall - Brickwork External wall - Insulated render External wall - Timber cladding External
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Executive Summary................................................................................................................. 3 Introduction .............................................................................................................................. 5 1 Offshoring as International Trade and FDI ................................................................... 8 2 Corporate Strategies and Business Models .....................................................
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