WORLD ADVANCED CORPORATE FINANCE BELZE Loïc Financial Options Lecture 7 – Chapter 20 ADVANCED CORPORATE FINANCE – BELZE Loïc – Adapted from 2011 Berk & DeMarzo Pearson Education 7 - 20 - 1 www.em-lyon.com © EMLYON School EMLYON Business 2011 Chapter Outline • • • • • • 20.1 – Option Basics 20.2 – Option Payoffs at Expiration 20.3 – Put-Call Parity 20.4 – Factors Affecting Option Prices 20.5 – Exercising Options Early 20.6 – Options and Corporate Finance ADVANCED CORPORATE
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Corporate Finance Syllabus Spring 2009 Prof. Anna Scherbina UC Davis Graduate School of Management Office: 126 AOB IV Tel: 530.754.8076 e-mail: ascherbina@ucdavis.edu Course Focus We will explore how corporations make financial decisions through the analysis of Harvard Business School cases. Should a firm undertake a new investment opportunity‚ raise equity‚ acquire another firm‚ or conduct an IPO? How should small firms manage their working capital? How fast should a firm grow
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[pic] ADM 3350 M Winter 2010 CORPORATE FINANCE ANSWER KEY MIDTERM EXAMINATION – February 10th‚ 2010 Professor: Kaouthar LAJILI‚ PhD.‚ CGA Duration: 1 hour and 30 minutes | | | | |INSTRUCTIONS | | |
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Corporate Business Finance Seminar 5 Project Finance Lauren Leigh Essaram 207507339 Ruvimbo Mukorera 206525531 27 September 2010 Submitted in partial fulfilment of the duly performed requirement of International Business Finance‚ School of Economics and Finance‚ University of KwaZulu-Natal Abstract Non-recourse financing has grown in popularity‚ especially in developing countries. It has done so more specifically in the basic infrastructure‚ natural resources and also in the energy
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Principles of Corporate Finance Comprehensive Case Questions Tire City‚ Inc. 1. Evaluate Tire City’s financial health. How well is the company performing? 2. Based on Mr. Martin’s prediction for 1996 sales of $28‚206‚000‚ and for 1997 sales of $33‚847‚000 and relying on the other assumptions provided in the Tire City case‚ prepare complete pro forma forecasts of TCI’s 1996 and 1997 income statements and year-end balance sheets. As a preliminary assumption‚ assume any new financing required will
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A Study On Corporate Finance September 6‚ 2010 Report on Financial Analysis on ACC Submitted By Ankit Bhatia: 05 Pallavi Gupta: 26 Divya Sahijwani: 38 Sahil Vijay: 82 Surbhi Sharma: 75 Submitted to: Mr. Ashish Garg LBSIM New Delhi Lal Bahadur Shastri Institute of Management To September 6‚ 2010 Mr. Ashish Garg LBSIM From: Group 1 PGDM-F
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Committee reports are sometimes used to interpret the statute. p. C:1-7. C:1-5 Committee reports can help resolve ambiguities in statutory language by revealing Congressional intent. They are indicative of this intent. pp. C:1-7 and C:1-8. C:1-6 The Internal Revenue Code of 1986 is updated for every statutory change to Title 26 subsequent to 1986. Therefore‚ it includes the post-1986
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value of the firm without leverage? b. Suppose you borrow $1 million. According to MM‚ what fraction of the firm’s equity will you need to sell to raise the additional $1 million you need? c. What is the value of your share of the firm’s equity in cases (a) and (b)? a. b. c. Total value of equity = 2 × $2m = $4m MM says total value of firm is still $4 million. $1 million of debt implies total value of equity is $3 million.
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buildings‚ and equipment. 1‚ 2‚ 3‚ 4‚ 6‚ 7‚ 12‚ 13‚ 15‚ 21 2. Self-constructed assets‚ capitalization of overhead. 5‚ 8‚ 20‚ 21 4‚ 6‚ 12‚ 16 3. Capitalization of interest. 8‚ 9‚ 10‚ 11‚ 2‚ 3‚ 4 13‚ 21 4‚ 5‚ 7‚ 8‚ 9‚ 10‚ 16 1‚ 5‚ 6‚ 7 3 4. Exchanges of assets. 12‚ 16‚ 17 8‚ 9‚ 10‚ 11‚ 12 3‚ 11‚ 16‚ 17‚ 18‚ 19‚ 20 4‚ 8‚ 9‚ 10‚ 11 4 5. Lump-sum purchases‚ issuance of stock‚ deferredpayment contracts. 12‚ 14 5‚ 6‚ 7 3‚ 6‚ 11‚ 12‚ 2‚ 11 13‚ 14‚ 15‚ 16 6. Costs subsequent to acquisition.
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Ch 6 Outline I. Hearts and Minds: The Northern War‚ 1776-1777 A. The British offensive 1. After Declaration of Independence‚ British determination to subdue and retain colonies increased 2. During spring of 1776‚ patriot assaults on Canada stalled 3. British assaults on New York in the fall sent Continental Army reeling 4. Efforts to negotiate peace floundered on British refusal to acknowledge U.S. independence 5. British swept across New Jersey as far south as Burlington in Dec 1776
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