Brealey, myers principles of corporate finance 7ed, 2003

Tài liệu McGraw.Hill - Brealey & Myers - Principles of Corporate Finance, 6th Edition Slides docx

Tài liệu McGraw.Hill - Brealey & Myers - Principles of Corporate Finance, 6th Edition Slides docx

... Investors Depositors Policyholders Investors Principles of Corporate Finance Brealey and Myers u Sixth Edition Present Value and The Opportunity Cost of Capital Chapter 11 Topics Covered w Present ... PV of C1 = $400 at 12% 400 PV = = 357 + 12 PV of C1 = $400 at 7% 400 PV = = 374 + 07 20 Rate of Return Rule w Accept investments that offer rates of return in excess of t...
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principles of corporate finance 7ed   brealey myers solutions manual

principles of corporate finance 7ed brealey myers solutions manual

... case, the NPV is higher than the NPV of the office building ($7,143), accept E Coli’s offer You can also think of it another way The true opportunity cost of the land is what you could sell it ... increase profits today if it means sacrificing profits tomorrow In contrast to the objective of maximizing profits, the net present value criterion correctly accounts for the timing of ret...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 1 potx

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 1 potx

... Brealey−Meyers: Principles of Corporate Finance, Seventh Edition Front Matter x © The McGraw−Hill Companies, 2003 Preface PREFACE same time we have rewritten Chapter 14 as a free- Of course, ... Educational Version of Other examples of expanded coverage include be- Market Insight In total there are now over a thou- havioral finance (Chapter 13 ) and new international sa...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 2 pps

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 2 pps

... “Economics and Ethics: The Case of Salomon Brothers,” Journal of Applied Corporate Finance (Summer 19 92) , pp 23 28 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I Value Present Value ... opportunity cost of capital Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I Value Present Value and the Opportunity Cost of Capital ©...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 3 doc

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 3 doc

... two years The present value of your year-2 cash flow equals PV ϭ C2 100 ϭ ϭ $86.21 11 ϩ r2 11.0772 33 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition 34 I Value How to Calculate ... 12.1 133 .1 ϩ 13. 3 236 ϩ 24 612 ϩ 61 10,672 ϩ 1,067 1,252,7 83 ϩ 125,278 17,264,116,042 ϩ 1,726,411,604 205,756,782,755 ϩ 20,575,678,275 ϭ Balance ϭ 110 ϭ 121 ϭ 133 .1 ϭ 146.4 ϭ...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 4 doc

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 4 doc

... Depreciation Pretax profits Tax Aftertax profits 2000 2001 2002 2003 5. 84 1 .45 4. 38 1.53 2.85 6 .40 1.60 4. 80 1.68 3.12 7 .41 1.75 5.66 1.98 3.68 8. 74 1.97 6.77 2.37 4. 40 9.39 2.22 7.17 2.51 4. 66 Assets ... and profitability in Chapter 12 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I Value The Value of Common Stocks CHAPTER © The McGraw−Hill...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 5 docx

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 5 docx

... each of the following statements holds: NPV ϭ Ϫ1,000 ϩ 800 150 150 150 150 150 ϩ ϩ ϩ Ϫ ϭ0 ϩ 50 1 .50 2 1 .50 2 1 .50 2 1 .50 2 1 .50 2 and NPV ϭ Ϫ1,000 ϩ Ϫ 800 150 150 150 150 ϩ ϩ ϩ ϩ 1. 152 11. 152 2 11. 152 2 ... rate of return (4 Ϭ 5) *Rounded Straight-line depreciation over seven years is 400/7 ϭ 57 .14, or $57 ,140 per year † Capital investment is $400,000 in year 16 140 55 57 2...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 6 ppt

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 6 ppt

... 5.90 5.90 5.90 5.90 5.90 5.90 5.90 2.99 3.75 7.22 6. 68 6. 18 5.71 5.28 4.89 4.52 4. 46 4. 46 4. 46 4. 46 4. 46 4. 46 4. 46 4. 46 4. 46 2.25 (MACRS) Table 6. 4 summarizes the tax depreciation schedules Note ... Pretax profit (6 Ϫ Ϫ Ϫ 9) 11 Tax at 40% 12 Profit after tax (10 – 11) 11.9 71 .6 4.4 76. 0 27.0 9.2 15.5 11.9 Ϫ9 .6 Ϫ3.8 Ϫ5.8 23.9 59 .6 7 .6 67.2 51.3 17.4 15.5 11.9...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 7 potx

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 7 potx

... Cost of Capital 65 45 25 -1 5 Dell Computer -3 5 Aug-96 Jan- 97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-98 Jan-99 Jan-00 Jan-01 Jan-98 Jan-99 Jan-00 Jan-01 85 Return, percent 65 45 25 -1 5 Reebok -3 5 Aug-96 ... Jan- 97 65 45 25 -1 5 Portfolio -3 5 Aug-96 Jan- 97 FIGURE 7. 7 The variability of a portfolio with equal holdings in Dell Computer and Reebok would have been less t...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 8 ppt

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 8 ppt

... deviation 187 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition 188 II Risk © The McGraw−Hill Companies, 2003 Risk and Return PART II Risk Proportion of days 0.14 0.12 0.10 0. 08 0.06 ... Risk,” Review of Economic Studies 25 (February 19 58) , pp 65 86 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition II Risk © The McGraw−Hill Compani...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 9 pot

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 9 pot

... 10 -2 0 -1 0 10 20 30 -3 0 -2 0 August 198 8– January 199 5 -3 0 -2 0 β = 52 (.10) Exxon Mobil return % 10 -1 0 10 20 30 February 199 5– July 2001 -3 0 20 -1 0 -2 0 -3 0 -1 0 -1 0 -2 0 R = 28 Market return, % -1 0 ... Market return, % -3 0 -2 0 -1 0 β = 2.02 (.38) 30 10 20 30 Market return, % -1 0 -3 0 -2 0 -1 0 -1 0 -2 0...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 10 potx

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 10 potx

... the cost of capital was percent in nominal terms 283 Visit us at www.mhhe.com/bm7e Brealey−Meyers: Principles of Corporate Finance, Seventh Edition Brealey−Meyers: Principles of Corporate Finance, ... mod- Brealey−Meyers: Principles of Corporate Finance, Seventh Edition III Practical Problems in Capital Budgeting 10 A Project is Not a Black Box © The McGr...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 11 docx

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 11 docx

... the value of existing one- and two-year-old plants? Existing plants must continue using the original tax depreciation schedule Brealey−Meyers: Principles of Corporate Finance, Seventh Edition ... million ϩ a NPV ϭ Ϫ1,000 ϩ a 11. 202 t 11. 202 20 tϭ1 Brealey−Meyers: Principles of Corporate Finance, Seventh Edition III Practical Problems in Capital Budgeting 11 Whe...
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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 12 doc

Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 12 doc

... investment (ROI) of 130/1,000 ϭ 13 or 14 In practice, investment would be measured as the average of beginning- and end -of- year assets See Chapter 29 321 Brealey−Meyers: Principles of Corporate Finance, ... ϩ.093 ϩ .126 † Rate of return, percent 12 11 10 Economic rate of return Book rate of return 10 15 20 25 Rate of growth, percent Brealey−Meyers: Principles...
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