Thư viện tài liệu, ebook tổng hợp lớn nhất Việt Nam

Generally, an LLC will possess only the first two of the following four standard corporation characteristics Limited liability Centralized management Unlimited life Transfer of ownership without other owners’ prior consent

44 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 828 | Lượt tải: 0

For 1990-2000, the US$ strengthened despite continued worsening balances on current account • The US$ remained to be strong due to foreign capital inflow motivated by rising stock and real estate prices, a low rate of inflation, high real interest rates, and an irrational expectation about future economic prospects • Actually, from 1995 to 200...

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Jensen and Meckling developed a theory of the firm based on agency theory. Agency Theory is a branch of economics relating to the behavior of principals and their agents. Principals must provide incentives so that management acts in the principals’ best interests and then monitor results.

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Principals must provide incentives so that management acts in the principals’ best interests and then monitor results. Incentives include stock options, perquisites, and bonuses.

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• The selling of state-run enterprises to investors is also known as “denationalization.” • Privatization is often seen in socialist economies in transition to market economies. • By most estimates, this increases the efficiency of the enterprise. • It also often spurs a tremendous increase in crossborder investmen

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Ví dụ, một sự gia tăng giá phim ảnh từ $8 đến $12: gia tăng 50% giá cả . „ Nếu như số lượng phim ảnh được mua giảm xuống từ 6 đến 4, tức là giảm 33% số lượng nhu cầu. „ Độ co giãn của cầu là -0.67. „ Độ co giãn cầu có đặc điểm: „ Số âm. ằ ố ố 4/4/2010„ Không là h ng s Hiệu quả và công b c ằng - công c định

102 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1009 | Lượt tải: 0

a. Are the call options in the money? What is the intrinsic value of an RWJR Corp. call option? The strike price is 70 and the value of the underlying stock is 74. The call options, therefore, are in the money. Intrinsic value = $4 b. Are the put options in the money? What is the intrinsic value of an RWJR Corp. put option? The strike price is...

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Refer to Figure 24.1 in the text to answer this question. Suppose you purchase a September 2000 cocoa futures contract on June 1, 2000. What will your profit or loss be if cocoa prices turn out to be $1,500 per metric ton at expiration? The initial contract value is equal to: (price per ton)(number of tons specified in the contract) Initial c...

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Avoiding mistakes Market values Focus on incremental cash flows Use appropriate discount rate Should you use Acquiring or Acquired’s discount rate? Transaction costs Direct- fees and consulting Indirect- Management time and energy Inefficient management Takeovers can discipline inefficient management

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Good reasons for leasing Taxes may be reduced by leasing. The lease contract may reduce certain types of uncertainty that might otherwise decrease the value of the firm. Transactions costs may be lower for a lease contract than for buying the asset. Leasing may require fewer (if any) restrictive covenants than secured borrowing. Leasing m...

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