The Open Polytechnic of New Zealand Trimester 1‚ 2012 71303 Corporate Finance Final Examination Time allowed Three hours‚ plus 10 minutes to read this paper. Instructions 1. 2. 3. 4. Answer all questions. Read each question carefully. Start each question on a new page. Show all of your workings. Mark allocation Question Part A Part B 1. 2. 3. 4. 5. Cost of capital Risk and return Investment timing real option Capital structure Dividend policy 14 12 15 20 15 Total 100 Topic Multiple-choice
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Case 1 – New Heritage Doll Company 1. Set forth and compare the business cases for each of the two projections under consideration by Emily Harris. Which do you regard as more compelling? Productions was New Heritage´s largest division as measured by total assets‚ and easily its most asset-Intensive. Approximately 75 % of the division´s sales were made to the company´s retailing division‚ with the remaining 25% comprising private label goods manufactured for other firms. The division revenue figures
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CASE TWO RYKA: BE STRONG What does it take to compete in the athletic shoe busi¬ness? Some experts think you need lots of celebrities hawking products‚ an incredible array of products for every form of exercise and recreation‚ gimmicks such as lighted heels‚ and hundreds of millions of dollars for ad¬vertising. If so‚ who would believe that a young woman named Sheri Poe of Massachusetts could succeed by sell¬ing a limited line of athletic shoes with no money for ad¬vertising? Maybe no one‚ but
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Practice Problem Set – 1 ( The following problems are from Corporate Finance by Ross‚ Westerfield‚ and Jaffe – Tenth edition‚ McGraw-Hill / Irwin – ISBN 978-0-07-803477-0 ) 1. Audrey Sanborn has just arranged to purchase a $ 550‚000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 6.1 percent stated annual interest rate‚ compounded monthly‚ and calls for equal monthly payments over the next 30 years. Her first payment will be due one month from now. However‚ the mortgage
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going to be comparing and contrasting two heros from 12 Strong and from The Hobbit. When comparing The Hobbit and 12 Strong in the heroic journey I found that 12 Strong was missing some parts were as The Hobbit was not missing any. This can be seen through atonement with the father‚ refusal of the return‚ and the crossing of the return threshold. A difference between the two are atonement with the father‚ This part is missing from 12 Strong‚ but it’s in The Hobbit
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Eveline: A Strong Feminist Heart Ever wonder what it was like for a feminist in the 1914’s? It was tough. But what is even tougher is being a child in the family that has to take over her mother’s responsibilities when she dies and then face the violence of a father who does not appreciate the child being a girl. Women were constantly mistreated and not given any positions of power‚ not even in their own home‚ where they would be the only ones to be clean it‚ cooking in it‚ and taking care of the
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Both Maya Angelou in Phenomenal Woman and Rosie Bourget in Being a Strong Black Woman both explore different aspects of what it takes to be a woman in society today. Maya Angelou uses repetition in the last stanza when writing‚ “Phenomenally. Phenomenal woman‚ That’s me.” She emphasises how proud she is to be a remarkable and extraordinary woman‚ a woman who can do all things if she sets her mind to it. This technique engraves the words in the readers mind causing them to begin to think and feel
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Success is the journey not the destination. “A strong human spirit essential for an imaginative journey.” Imaginative journeys take us from the reality now to unreal existences that can exist in our minds. A strong human spirit is essential for an imaginative journey to flow through our mind. The success is the journey that is being taken not the destination. This can be expressed through the poems “Frost at Midnight and Kubla Khan‚” by Sammuel Taylor Coleridge and “Still I Rise” by Maya Angelou
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into existence by repetition; without a strong effort towards repetition tradition cannot exist. Tradition is not something that arrives free of creation; tradition must be molded and formed in order to hold its form. If tradition is not pressed hard enough‚ or not enough effort is put into the creation of tradition‚ that tradition will quickly crumble. The act of continuous and conscious repetition is what molds tradition and makes traditions force so strong; if not enough repetition occurs tradition
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MGMT640 – Textbook Notes PART 1 FUNDAMENTALS OF CORPORATE FINANCE Chapter 1 – The Financial Manager and The Firm 1.1 The Role of the Financial Manager * financial manager should make decisions that maximize value of owners stock/wealth – wealth is the economic value of the assets someone possesses * stakeholders – anyone other than an owner (stockholder) with a claim on the cash flows of a firm‚ including employees‚ suppliers‚ creditors‚ and the government * productive
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