Project finance Aditya Agarwal Sandeep Kaul Fuqua School of Business Contents The MM Proposition What is a Project? What is Project Finance? Project Structure Financing choices Real World Cases Project Finance: Valuation Issues The MM Proposition The MM Proposition “The Capital Structure is irrelevant as long as the firm’s investment decisions are taken as given” Then why do corporations: Set up independent companies to undertake mega projects and
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TABLE OF CONTENTS GOOD CORPORATE GOVERNANCE 2 • OBSERVANCE OF GOOD CORPORATE GOVERNANCE 3 • FAILURES OF CORPORATE GOVERNANCE 5 CORRUPTION 5 • BENEFITS OF AVOIDING CORRUPT PRACTICES 6 CONCLUSION 8 REFERENCES 9 GOOD CORPORATE GOVERNANCE Governance in the Oxford dictionary is defined as “control or influence”‚ while corporate is defined as “shared by all members of the group”. Therefore corporate governance refers to the structures and processes for the direction and control of members
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STANDARD OPERATING PROCEDURE FOR STORES There is a need to have a uniform procedure for the stores function so that optimum action is taken for a timely purchase at the best possible cost. In order to streamline stores function‚ there is a need for a uniform procedure. This SOP covers interalia‚ the entire subject of stores procurement‚ storage and preservation‚ issues on accounting management‚ stock verification‚ safety and security of stores. Suggestions for improvements in the procedures laid
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Bachelor of Commerce: Finance & Economics Specialist (Effective 2012/13) 1. Program Overview & Required Courses Overview and Summary •This is a four-year honours program which leads to the Bachelor of Commerce •This Specialist requires 10.0 RSM + 10.0 non-RSM‚ with 13.5 specified FCEs •10 RSM = 4.0 required + 2.0 specified electives + 4.0 unspecified electives •10 non-RSM = 1.0 MAT + 6.5 ECO + 2.5 unspecified FAS electives First-Year Requirements •RSM100Y Introduction to Management
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Course Code: ACCT1001213 Course Title: Introduction to Finance Credit Hours: 3 Room: Room 3 Date & Time: Tuesday and Friday 4:55pm to 6:10pm Semester/Year: Semester 2 (Spring) 2014 Prerequisites: N/A Co requisites: N/A Instructor’s Name: Mrs. Charmaine Castillo MBA Contact Number: 824-2102 E-mail Address: ccastillo@shc.edu.bz Office Hours: Mondays 2:05 pm to 5:05pm or by appointment Required Textbook(s): Foundations of Finance. 7th Ed.; Arthur J. Keown‚ John D. Martin‚ J. William Petty;
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rate of return must you earn to achieve your goal? $1‚000‚000 = $25 × (1 + r (40 − 21)×365 ) −1 r ⎞ ⎛ 365 × ⎜1 + ⎟; r ⎝ 365 ⎠ 365 This can not be solved directly‚ so it’s easiest to just use the calculator method to get an answer. You can then use the calculator answer as the rate in the formula just to verify that you answer is correct. Enter (40-21)×365 /365 -25BGN 1‚000‚000 N I/Y PV PMT FV Solve for 15.07 To more decimal places‚ the answer is 15.0697117%. 4. Marko‚ Inc. is considering
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FINC6013 Workshop 6 Questions & Solutions Chapter 3 PROBLEMS 6. Intel is scheduled to receive a payment of ¥100‚000‚000 in 90 days from Sony in connection with a shipment of computer chips that Sony is purchasing from Intel. Suppose that the current exchange rate is ¥103/$‚ that analysts are forecasting that the dollar will weaken by 1% over the next 90 days‚ and that the standard deviation of 90-day forecasts of the percentage rate of depreciation of the dollar relative to the yen is
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Burdens of proof- beyond a reasonable doubt Criminal case Jury or judge has to find the person guilty of the crime and that the jury has no reasonable doubt the defendant is guilty Doesn’t have to have evidence beyond a reasonable doubt If one person in a jury thinks person is innocent they cannot convict him System is to make sure somebody is guilty If there is doubt you cannot convict Reasonable doubt – if theres one person Civil trial two standards Preponderance of the evidence – the party with
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• Examples of financial assets: U.S. Treasury bonds‚ Foreign bond‚.Home mortgage loan‚Common stock. Financial assets are referred to as debt instruments in the case of: U.S. Treasury bonds‚ Corporate bonds‚ Municipal bonds. Financial assets represent a residual claim in the case of Common stock. The process of valuing financial assets include: Estimating the cash flows‚ Determining the appropriate discount rate‚ Discounting the expected cash flows. the following risks are associated with realizing
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that accompany textbooks are usually written as an afterthought by someone who has little connection to the textbook that is supposed to be supported by the study guide. I think it is for this reason that most study guides are not terribly helpful — and‚ I am told‚ they are not widely used by students. This Study Guide is different in that it was written by me (the author) at the same time as the textbook was being written. It is therefore completely integrated into the textbook and based entirely
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