copetitors) MRP = 7.5% (Prime Rate in Exhibit 9) CAPM = 7.92% + 1.23(7.5%) = 7.92% + 9.23% = 17.15% WACC = Kd (1-t) * D/(D/E) + Ke * E/(D+E) Kd = Cost of Debt T = Tax Rate D = Debt E = Equity Ke = Cost of Equity Kd = Interest/Long Term Debt = 67/744 = 9.01% T = 40% D = 744 E = 19496 Ke = 17.15% WACC = .0901(1-.4)*(744/(744+19496)n+ .1715*(19496/(19496+744) = .0541*(744/20240) + .1715(19496/20240) = .0020 + .1652 = 16
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Chapter 1 to 3 Chapter 9 Revision on Financial Derivatives & Properties of Options Prices • What are financial derivatives? What are their roles in finance? • Give examples of derivatives and draw their profit diagrams. • Name some financial derivatives that are traded in Bursa Malaysia. 2 • Definition A financial instrument that has a value determined by the price of something else Risk management. Derivatives are tools for companies and other users to reduce risks Speculation
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kajian juga mendapati min purata bagi usahawan lelaki adalah lebih tinggi berbanding wanita dalam kedua-dua ciri yang dikaji. Walau bagaimanapun ujian – T tidak menunjukkan sebarang perbezaan yang signifikan wujud. Begitu juga ujian – T yang dijalankan ke atas setiap dimensi ciri keperluan pencapaian mendapati tidak terdapat perbezaan yang signifikan bagi kesemua dimensi yang terlibat kecuali dimensi berpengaruh
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Capital structure decisions: To M&M and beyond Introduction Modigliani and Miller’s proposition one states that by introducing debt financing does not change the value of the firm or the value of the firm’s cash-‐flows but only the way that these cash-‐flows of the firm are split between its debt and
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Kinderliteratuur Hieronymus van Alphen Proeve van Kleine Gedigten voor Kinderen Inhoudsopgave: 1. Wie was Hieronymus van Alphen? 2. kinderliteratuur 3. Proeve van Kleine Gedigten voor Kinderen 4. Kenmerken van vernieuwing 5. Kritiek en parodie 6. 2 gedichten uit Proeve van Kleine Gedigten voor Kinderen 7. Bronnen Fffffffff 1. Wie was Hieronymus van Alphen? 2. kinderliteratuur 3. Proeve van Kleine Gedigten voor Kinderen 4. Kenmerken van vernieuwing 5. Kritiek
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8500 #1 Book value of debt Book value of equity Market value of debt Market value of equity Pretax cost of debt After Tax cost of debt rd Market value weights of: Wd Debt We Equity bL Levered beta Rf Risk-free Rate Market Premium RM Ke Cost of equity WACC EBIT - Taxes (34%) EBIAT + Depreciation - Capital expense Change in Net Working Capital Free Cash Flow Value of Assets ( FCF/WACC) CASE # 31 0% Debt 100% Equity $ $ 20‚000 $ $ 20‚000 7.0% 4.62% $ 34%
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Namaskar! Good Evening ! Ladies and Gentleman!‚ The galaxy of intellectuals‚ invited guests‚ teachers and my dear friends ‚ I aviral sharma with immense pleasure welcome you all to a beautiful and pleasant cultural evening which has brought within its purview the moods of flawless festivities and excellent excitement. Kathak is one of the eight forms of Indian classical dances‚ . This dance form traces its origins to the nomadic bards of ancient northern India‚ known as Kathakars or storytellers
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Chapter 10 Discussion Questions |10-1. |How is valuation of any financial asset related to future cash flows? | | | | | |The valuation of a financial asset is equal to the present value of future cash flows. | | |
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Nike Project Report Mridul Jain‚ Krishore Veerasekar‚ Ziad Ahmed Table of Contents ABOUT NIKE 1 Description of Nike 1 MAJOR EVENTS 2 Acquisition 2 Divestitures 2 STRATEGY 2 Advertising 2 NIKE’S FINANCIAL RATIOS 3 Liquidity or Working Capital 3 Current Ratio 3 Quick Ratio 3 Working Capital 4 Efficiency and Asset Management 5 Total Asset Turnover 5 Fixed Asset Turnover 5 Days Sales Outstanding 5 Debt Management 6 Total liabilities to Total Assets 6 Long-Term Debt to Capital 6 Times Interest
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Die twee mededingende kitskos-franchises wat ek gekies het om mekaar te vergelyk in hierdie taak‚ is Steers en Burger King. Ek het hulle gekies omrede hulle baie dieselfde is ( spesialiseer albei in hamburgers ) maar daar is tog verskille wat die franchises anders maak. Daar kan dus gesê word dat albei franchises kompeteer om ‘n mededingende voordeel in ‘n gedeelde mark te probeer skep. Ek gaan ‘n vergelykende studie oor die twee franchises doen waarin ek hul vergelyk in die volgende areas : Bemarking
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