FINAN 6121 – Corporate Finance Cost of Capital – The Walt Disney Company Team Titans B (Doug Horne‚ Shaun Hoggan‚ James Thackeray‚ Jeff Burg) The purpose of this project is to determine the weighted-average cost of capital (WACC) for The Walt Disney Company. According to The Walt Disney Company’s Form 10-K filing for the fiscal year ended September 29‚ 2012‚ “The Walt Disney Company‚ together with its subsidiaries‚ is a diversified worldwide entertainment company with operations in five business
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Studying various aspects on business and financing activities in the Edwards School of Business‚ the Occupy Wall Street (OWS) movement was important to me as it related to business activities and ethics discussed in class. In September 2011 the Occupy Wall Street movement had begun its protests against social economic inequality. At first‚ it was hard to participate in the movement having been raised to believe that personal success is directly related to the amount of work‚ focus and dedication
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Solutions to Chapter 12 The Cost of Capital 1. The yield to maturity for the bonds (since maturity is now 19 years) is the interest rate (r) that is the solution to the following equation: [$80 annuity factor(r‚ 19 years)] + [$1‚000/(1 + r)19] = $1‚050 Using a financial calculator‚ enter: n = 19‚ FV = 1000‚ PV = (-)1050‚ PMT = 90‚ and then compute i = 7.50% Therefore‚ the after-tax cost of debt is: 7.50% (1 – 0.35) = 4.88% 2. r = DIV/P0 = $4/$40 = 0.10 = 10% 3. = [0.3 7.50% (1
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Wall Street The 1987 film‚ Wall Street‚ directed by Oliver Stone starring Charlie Sheen and Michael Douglas‚ is the story about a naïve Wall Street broker who desperately wants to make it big on Wall Street. But Bud Fox played by Charlie Sheen soon finds after being mentored by the Wall Street giant‚ Gordon Gekko‚ played by Michael Douglas‚ that being the best requires a lot more than he expected. A reoccurring theme that Stone threaded throughout the film was greed. Stone uses Gordon Gekko
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Group Case 1: Ameritrade – Cost of Capital Executive Summary: As a deep-discount brokerage‚ Ameritrade planned to improve its competitive position by price cutting‚ technology enhancements‚ and increased advertising in mid-1997. Before initiating the plan‚ Ameritrade needed know whether the investment returned more than it cost. We were hired to estimate the cost of capital correctly. The key question is to find suitable comparable firms to estimate Ameritrade’s asset beta‚ since it was a recently-listed
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Wolf of Wall Street While watching the previews for the Wolf of Wall Street I was intrigued but still skeptical‚ I mean another Wall Street movie. I barely made it through “Wall Street: Money Never Sleeps” with Shia LaBeouf. This was no movie I was craving to see after each time I watched the preview. Granted Leonardo DiCaprio does continuously produce good movies and who doesn’t love Jonah Hill. Time passed by and I sort of forgot about the movie completely until my family decided to stop by the
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The effects of the Wall Street Crash were felt all around America as people starved‚ businesses became bankrupt and unemployment rose. This era was known as the Great Depression and would last for another ten to twenty years. In the short term‚ rich investors lost great deals of money. Whilst‚ poorer investors‚ who had borrowed on the margin’‚ could not repay their loans and thus became bankrupt. After a while‚ these incidents began to affect the American public. Firstly‚ unemployment rose as
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2006). Recent political phenomenon such as Arab Spring and Occupy Wall Street movements showed the power of young people in enforcing democratization and social change. The revolutionary war uprisings in Tunisia‚ Egypt and Libya depicted as the tremendous victory of young people in overthrowing the autocratic regimes and brought the wave of democratization in the Arab world. Inspired by the Arab Spring‚ the Occupy Wall Street is the manifestation of collective awakening‚ particularly anger young
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Wall Street 2 In the movie Wall Street 2 Money Never sleeps the main character is Jacob Moore and he is a proprietary trade working for Keller Zabel Investments. Jacob is a young ambitious trader looking to make a name for himself and enjoy a good life. His girlfriend Winnie Gekko is the daughter of the Gordon Gekko. Gordon Gekko is the former high roller who lost all his wealth and was sentenced to eight years in prison for inside trading. The movie starts off with Gordon Gekko being released
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Finance 5204 Managing Corporate Capital Investment and Capital Structure Case1 Cost of Capital at Ameritrade By: Elaine Huang Jonathan Hudson Christopher Lenker AMERITRADE DOES NOT HAVE A BETA ESTIMATE AS THE FIRM HAS BEEN PUBLICLY TRADED FOR ONLY A SHORT TIME PERIOD. EXHIBIT 4 PROVIDES VARIOUS CHOICES OF COMPARABLE FIRMS. WHAT COMPARABLE FIRMS DO YOU RECOMMEND AS THE APPROPRIATE BENCHMARKS FOR EVALUATING THE RISK OF AMERITRADE’S PLANNED INVESTMENTS? WHY? We recommend using the following
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