Firm Valuation Project Wal-mart (WMT) The purpose of this report is to find the intrinsic value of a company. We choose Wal-Mart Stores for our analysis. FCF calculation First‚ we retrieved the financial statements of the company for the last five years (2005-2010) from www.sec.gov website. Based on this information‚ we calculated the Average annual growth rate for Wal-mart to be 9.27% and the Compound annual growth rate to be 9.26%. Then we found the projected sales for 2010 to be
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UGBA 103 Fixed Income Valuation 1A) YTM is 4.75% at time of issuance. YTM is 4.88% at 99 per 100. YTM is 4.62% at 101 per 100. 1B) NTT should have been selling at $915.861M PVpredrop = (47.5/.0475)*(1-(1/((1.0475)^2))) = 88.636M PVpostdrop = ((30/.03)*(1-(1/((1.03)^2))))/(1.03^2) = 198.502M PVfacevalue = 1B/(1.0475)^10 = 628.723M PVpredrop + PVpostdrop + PVfacevalue = 915.861M 2A) Bond A should sell at $1040.55 each. Bond B should sell at $1000 each. Bond C should sell
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electrical air conditioning was inverted by Willis Havilland Carrier in July 17‚1902 at Buffalo‚ NewYork‚ just one year after he graduated from Cornell university with a masters in engineering. In 1928‚WillisHavilland Carrierimproved and developed the residential air conditioner for private home used which call “weather make”. Air conditioner‚ namely AC or air-con consists of 4 types of systems‚ which are window air conditioner‚split air conditioner ‚ packaged air conditioner ‚ central air conditioning
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Indoor Air Quality INDOOR AIR QUALITY: INTRODUCTION The connection between the use of a building either as a workplace or as a dwelling and the appearance‚ in certain cases‚ of discomfort and symptoms that may be the very definition of an illness is a fact that can no longer be disputed. The main culprit is contamination of various kinds within the building‚ and this contamination is usually referred to as "poor quality of indoor air". The adverse effects due to poor air quality in closed spaces
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freshen air and mask odors as for the ancient Egyptians‚ known to use masks to scent their tombs. And as time runs until 1948‚ the first modern air freshener was introduced‚ using technology developed by the military to disperse insecticides‚ was a pressurized spray containing about 1% perfume‚ 24% alcohol and 75% chlorofluorocarbon (CFC) propellant. This compound chemicals capable of reducing a variety of unpleasant odors‚ and deliver fragrance is the product of AIR FRESHENER Air Freshener
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The Stasi were omnipresent in the lives of many East Germans that they even created their own dance known as the Lipsi. The Lipsi was a dance invented by a GDR committee‚ which was the regimes attempt to create a trend for the masses (Funder 127). This dance was a conservative dance that did not emphasize in the hips‚ rather in the feet. Funder stated‚ “The makers of this dance had plundered every tradition they could find and painstakingly extracted only the sexless moves” (Funder 127). The regime
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Case Study : Air India crashes into troubles - Presentation Transcript 1. Air India Crisis – The National Air Carrier on a FreeFall 21st June 2011 2. How it started Air India (Hindi: एअरइंडिया) is a state-owned flag carrier‚ the oldest and the largest airline of India. It is a part ofthe Indian government-owned Air India Limited (AIL) which is renamed as Air India Ltd. The airline operates a fleet of Airbus and Boeing aircraft serving Asia‚ Australia‚ Europe and North America. Its corporate office
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Air accidents and incidents An Air accident is the worst nightmare of every pilot or passenger that has ever ridden in an aircraft. Although air travel is one of the safest forms of transportation‚ accidents do happen with dramatic and terrifying results. The causes of these Air accidents vary greatly depending on specific circumstances and problems that may develop during the flight process.In many situations these incidents can be completely avoided through careful preparation and effective safety
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Effects of Air pollution: There are different kinds of negative and harmful effects of air pollution. The effects of air pollution are described below. 1. Global warming: Air pollution causes global warming in a great scale. With increased temperatures world wide‚ increase in sea levels and melting of ice from colder regions and icebergs‚ displacement and loss of habitat have already signaled an impending disaster if actions for preservation and normalization aren’t undertaken soon. 2. Causes
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Air conditioning is something that people today cannot live without. There are many things that you can do to get the most out of your air conditioning system. Below is a list of tips for getting the most out of your air conditioner: Keep Debris Away From Your Outside Unit In order for your air conditioner to work efficiently‚ you must keep debris away from the outside unit. If there is debris around the outside unit‚ then it will block the flow of air. Make sure that you keep shrubs and trees
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