Pfizer Inc.’S Cost of Capital and Capital structure - Xiaoyue Shi The costs of capital and capital structures for Pfizer Inc. and its two competitors Merck & Co. Inc. and Johnson & Johnson in the pharmaceutical industry are analyzed in this memo. When calculating the cost of common stock for the three companies‚ three different approaches including Capital Asset Pricing Model (CAPM)‚ Discounted Cash Flow (DCF) and the bond yield plus risk premium are applied (Appendix A). For CAPM approach
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1. Weighted Average Cost of Capital (WACC) is used to determine the average cost of financing a company. Companies are funded using both debt and equity and both require varying rates of return. WACC allows you to put a “weight” on the different types of financing and their differing rates to get a total cost of capital. Team 12 does not agree with Joanna Cohen’s WACC calculation because we feel she took some liberties in her numbers‚ the most notable being that of equity. Ms. Cohen used book
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Switzerland An Economic Overview Abstract Switzerland is one of the most prosperous countries in Europe. With a stable government‚ sound economy and highly skilled labor force and strong tourism‚ Switzerland is driving force in the world economy. However‚ in the coming years Switzerland will face three challenges that threaten their positive economic outlook‚ they are 1) agriculture protectionism‚ 2) Non membership in the EU and 3) aging population. This paper takes a brief look at these
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1. Country Background 2. Literature Review of Sustainable Tourism At the 1992 Earth Summit in Rio de Janeiro‚ Agenda 211 was adopted by 182 countries and sets out a comprehensive blueprint of actions to be taken globally‚ nationally and locally by organisations of the United Nations (UN)‚ governments‚ and major groups in every area to bring about sustainable development. Stakeholders of the travel and tourism industry including world organisations‚ governments and industries started to include
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Switzerland Switzerland‚ federal republic in west central Europe‚ bounded on the north by France and Germany‚ on the east b Austria and Liechtenstein‚ on the south by Italy‚ and on the west by France. The country has an area of 15‚940-sq. mi. Its largest city is Zurich‚ and the capitol is Bern. Switzerland is one of the most mountainous countries of Europe‚ with more than 70 percent of its area covered by the Alps‚ in the central and southern sections‚ and the Jura‚ in the northwest. The
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mediamatics‚ retail sales‚ commerce‚ and customer dialogue. Swisscom is providing Fixedline & Mobile Telephony‚ Fixedline & Mobile Internet‚ Digital Television and IT Services & Networking Solutions. Swisscom has a presence throughout Switzerland and offers a full range of products and services for mobile‚ landline and IP-based voice and data communication. Massive investments in network infrastructure ensure that this will remain the case in the future. With Swisscom TV‚ customers too have
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The Banking System in Switzerland Switzerland has a fairly long history of banking. The origin of Switzerland’s banking system can be traced back to the mid-eighteenth century. Wegelin & Co.‚ known as the oldest Swiss bank ever founded‚ was established in 1741. This is about a century earlier than the beginning of the banking history in the U.S. The central bank of Switzerland is the Swiss National Bank (SNB). It is founded by the Federal Act on the Swiss National Bank on Jan 16th 1906‚ however
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I am a citizen of the United States‚ but I am also a citizen of Switzerland‚ which makes me a duel citizen. My mother was born and raised in Switzerland. She moved over to the United States when she was about 18. My mom was 28 when she met my dad. She had me when she was 30. The first time I traveled to meet my mother’s family was when I was six months old. Since then‚ I have made roughly 10 trips over to visit my family. I have a grandma‚ grandpa‚ uncle and two cousins. In the past years
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A modern society that I consider to ne in the Golden age is Switzerland‚ they have economic growth‚ are having breakthrough in medical discoveries and they are addressing issues to better their country. This country has many artistic‚ medicinal‚ economic‚ political and social achievements and efforts. They have come across these achievements because of the lack of natural resources and help from other countries and societies. They are rising in power and prove it by being 2018s best county to live
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Prepared for Mrs. Pupo-Apostolou 12 International Business Portfolio: Switzerland Doing Business with a Foreign Country By: Christina Weng‚ Andrew Shon‚ and Ian Jeung Table of Contents Introduction 3 A History of Canada and Switzerland’s Trade Relationships 3 A Snapshot of Switzerland 5 Brand Names in Switzerland 8 Competitive and Absolute Advantage of Switzerland 10 Working in Switzerland 17 International Agreements 20 Risk Assessment 23 Consumer Profile 24 Advertising
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