Appendix I C1: Equity = Stock Price x Number of Shares Outstanding = $42.09 X 271.5 = $11‚427.435 million C2: Using Adjusted Beta formula: Adjusted Beta = 0.67* historical Beta + 0.33 = 0.67* 0.69 +0.33=0.79 C3: Using CAPM formula: KE = Krf + ß (Km-Krf) = 3.59%+0.79*6.7%=8.89% C4: Using rearranged DGM formula: KE =D1/P0 +g= 0.48(1+5.5%)/42.09 +5.5%=6.7% C5: Using redeemable bond formula: KD: 95.6= 100/ (1+KD/2)40 + 3.375(1-0.38)/(1+KD/2)n KD=4.52% C6: Using WACC formula: Rwacc =4.52*10.19% + 8
Premium Weighted average cost of capital Stock market Stock
International Financial Management WILKINSON SWORD TRIALS AND TRIBULATIONS IN TURKEY CASE STUDY NUMBER 2 Performed by: Problematique In 2000‚ Wilkinson Sword-Turkey SA‚ (hereinafter “WST”) won the approval for a $12 million capital expenditure to finance the launch of a new product line‚ the Quattro shaving system‚ from its US-based parent company. Mrs. Ozcan‚ President and GM of the Turkish subsidiary‚ had to chose between two financing options: (1) Extension of the USD denominated intercompany
Premium Foreign exchange market Inflation Debt
! Analyzing Essay Psychologist Martin E. P. Seligman’s article “On Learned Helplessness” talks about what happens when people go through traumatic events and how the handle the situations. Seligman ` studied the conditions that can lead to feelings of fear‚ helplessness‚ depression‚ and competence. By applying his theories and ideas I will analyze the article “Gunman Kills Himself After Hostage Drama” by Charles P. Wallace and Tim Waters. In the article by Wallace and Waters‚ a twenty-six
Premium Emotion Psychology Depression
in each environment was measured. If isopods prefer to be around moist areas‚ I think my isopod will prefer being in water. Procedure The materials I used were: -1 pill bug -1 Petri Dish -Filter paper -Droppers -1% solution of salt -1% solution of sugar -1% solution of vinegar -Water The procedure I followed: 1. Cut the paper towel of filter paper to fit a Petri dish as shown in this diagram. Leave about .5 cm between the pieces of paper. 2. Label the
Premium
of other humans (racism‚ classism‚ ageism‚ colonialism)‚ and the domination of nature (naturism) to be interconnected. In her book New Woman/New Earth‚ Rosemary Radford Reuther wrote‚ "Women must see that there can be no liberation for them and no solution to the ecological crisis within a society whose fundamental model of relationships continues to be one of domination. They must unite the demands of the women’s movement with those of the ecological movement to envision a radical reshaping of the
Premium
not be able to afford college or won’t be able to pay off their debt. College debt is becoming a problem but there are solutions that such as‚ scholarships‚ working and saving‚ and attending state or community college. There are many solutions to college debt but the best solution is seeking scholarships. More and more students are getting into college debt
Premium High school Education finance Debt
Gaby Mosseri Ms Litwack Essay Transcendentalists There are Two different types of people in the world. Some people believe that the only way to get stuff done is by doing it yourself. They attempt to be completely independent because it is difficult for them to trust others. Other people are dependent on others to help them with everything they do. It all depends on their personality. I have learned over time that the ones who will succeed in life‚ are the ones who accept help from others. Once
Premium 2007 singles 2008 singles 2006 albums
Descriptive Essay Example We all know college is hard; if it were easy‚ everyone would have a degree and no one would ever ask for help. But here at Crafton Hills College‚ tutors are available to help out students in any way‚ so that those who struggle can do well and be successful. These mentors don’t just lecture‚ they take the time to make sure students understand and comprehend what is being taught. Tutors are at hand for a variety of subjects‚ some have
Premium Learning Tutorial Tutor
problem and its solutions Introduction Principal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example‚ in a large corporation‚ shareholders would hire managers to help them to organize the company in dairy business. However‚ agency problems may arise because of the conflict interest and asymmetry information between principals and agents‚ which lead to agency costs. In this essay‚ I would like
Premium Principal-agent problem Information asymmetry
English Essay In the novel the Collector by John Fowles‚ the reader feels sympathy and disgust for the antagonist Clegg; therefore Clegg is a perfect example of the antagonist to show that the reader is always positioned to respond negatively. Society and Clegg’s upbringing has made Clegg who he is‚ a pathetic‚ disturbed and a terribly lonely person. Though in making Frederick not a monster‚ but a pitiful‚ lonely man in need of love we sympathise towards Clegg. Through a Marxist interpretation
Premium