Project vs Firm Risk and the Impact of Leverage The SML and WACC § Consider 100% equity financed firm § Beta = 1 E/V = 1! D/V = 0! § WACC =? E D WACC = × RE + × RD × (1 − TC ) = RE V V WACC = Cost of equity from CAPM [ ] WACC = RE = R f + β × E [RM ] − R f = E [RM ] Beta =1! 2 SML and WACC SML Expected Return WACC = E[RM] Rf [ R f + β × E [RM ] − R f ] β=1 Beta 3 Accept Projects Y and/or Z? Expected Return IRRz WACC = E[RM]
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Sparta’s government is better than Athens government because sparta had better leadership and organization of government. Sparta had an oligarchy government. Sparta had a system of leadership. Sparta was a strong military state and Athens . Sparta has an oligarchy government. An oligarchy government means that only a small group of people are leading the group and making decisions. Athens has a democracy. Democracy means that the people rule the country. Democracies are bad because then everybody
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Chapter 17—Alcohols and Phenols SHORT ANSWER Drawing Instructions: Draw structures corresponding to each of the given names. 1. Draw: cis-4-tert-butylcyclohexanol ANS: 2. Draw: 3-methyl-2-buten-1-ol ANS: 3. Draw: 2-phenyl-2-propanol ANS: 4. Draw: glycerol ANS: 5. Draw: 2‚ 4‚ 6-trinitrophenol ANS: IUPAC Naming Instructions: Provide proper IUPAC names. 6. Name: ANS: (E)-2-ethylbut-2-en-1-ol 7. Name: HOCH2CH2OH ANS:
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Name Naza Moore ID# 24120389 Lab# 2 Lab instructors Alecia Palmer and Donald Burke Course Instructor Maureen Wilson Lab Title Preparation of cyclohexene from cyclohexanol Aim Preparation of an Alkene by dehydration of an alcohol in the presence of a catalyst. Calculate the percentage recovery of products. Test for purity and identification of products. Abstract Cyclohexene and cyclohexanol are both colourless aromatic compounds. The major difference between the two is the presence
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several banking laws which are not in the bar coverage. Likewise‚ we have incorporated several laws on non-bank financial intermediaries. Since they are not covered by the bar exam‚ the reviewee has the option of not reading them. Banking and Finance in General Two types of financing 1. equity 2. debt-financing • A cross-breed of the two may also occur. Intermediaries 1. Banks 2. Non-bank financial intermediaries 3. Exchanges 4. Others i.e. secondary markets
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We as an American society‚ seem to have unique views on how our government takes action. Especially many have criticized actions that the supreme court has taken throughout history. Can we really say we have an indecisive Government? Looking back in history‚ we can recall how the Supreme Court acted differently than how they act today. I think the Supreme Court used to act based on the context of history in past court cases. However‚ today I believe the Court seems to act on behalf of the well connected
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Fahrenheit 451 In the novel Fahrenheit 451 by Ray Bradbury‚ Guy Montag is the main character. He is a fireman in a world that is based in the future. In this world‚ firemen burn books and start fires instead of putting them out. The people in this world don’t read since it is forbidden‚ they don’t go outside to enjoy nature‚ or spend time by themselves; they simply drive fast and watch television. Curiosity overtakes Guy as he starts to steal books from houses he is burning‚ reads them‚ and
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Hong Kong Polytechnic University Faculty of Business School of Account and Finance AF 2504 Introduction to Business Law Case Analysis Report Case Study: FISHER v BELL [1961]1 Q.B.394 Submitted to Lecturer: Sandy SABAPATHY Team members: __________________ __________________ __________________ __________________ __________________ 1. Case Name: Fisher v. Bell 2. Is it a civil case or criminal case? Under the common law system‚ Various cases can be broadly divided in
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People like to eat organic food‚ they think organic food is good for their health. And they think organic food is better for environment and kind of animals. So‚ nowadays people are trying to buy an organic food‚ it make organic food increasing price. On the other hand‚ many experts say that the organic foods are better than other. 1. What Qualifies as Organic? For the last time the organic product very important for people who like to eat organic food but now all organic foods are grown and
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ORGANIC MACROMOLECULES 1. What is a polymer? 2. Man-made polymers have been studied since 1832. Today‚ the polymer industry has grown to be larger than the aluminum‚ copper and steel industries combined. Polymers already have a range of applications that far exceeds that of any other class of material available to man. Give examples where polymers are applied in each of these categories: a) Agriculture b) Medicine c) Consumer Science
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