• Tài chính doanh nghiệp - Chapter 25: Options and corporate securitiesTài chính doanh nghiệp - Chapter 25: Options and corporate securities

    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...

    ppt21 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 859 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 24: Risk management: an introduction to financial engineeringTài chính doanh nghiệp - Chapter 24: Risk management: an introduction to financial engineering

    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...

    ppt20 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 758 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 23: Mergers and acquisitionsTài chính doanh nghiệp - Chapter 23: Mergers and acquisitions

    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

    ppt27 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 790 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 22: LeasingTài chính doanh nghiệp - Chapter 22: Leasing

    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...

    ppt18 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 927 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 21: International corporate financeTài chính doanh nghiệp - Chapter 21: International corporate finance

    Use the exchange rate quotations in Figure 21.1 to answer the questions below. Question: If you wish to exchange C$100 for British pounds, how many pounds will you receive? Answer: $100(0.4437) = £ 44.37 Question: You just finished a can of soda outside of the cathedral of Notre Dame. You paid a street vendor 16 French francs for the soda. How ...

    ppt26 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 911 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 20: Credit and inventory managemenTài chính doanh nghiệp - Chapter 20: Credit and inventory managemen

    Inventory Types Raw Materials Work-in-Progress Finished Goods Inventory Costs Storage and tracking costs Insurance and taxes Losses due to obsolescence, deterioration, or theft Opportunity cost of capital on the invested amount

    ppt28 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 900 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 19: Cash and liquidity managementTài chính doanh nghiệp - Chapter 19: Cash and liquidity management

    Each business day, on average, a company writes checks totaling $25,000 to pay its suppliers. The usual clearing time for the cheques is four days. Meanwhile the company is receiving payments from its customers each day, in the form of cheques, totaling $40,000. The cash from the payments is available to the firm after two days. a. Calculate the ...

    ppt36 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 896 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 18: Short - Term finance and planningTài chính doanh nghiệp - Chapter 18: Short - Term finance and planning

    All sales on credit December sales were $95,000 December 31 receivables were $135,000 The average accounts receivable period is 45 days Wages, taxes, and other expenses are 30% of sales Raw materials are ordered two months in advance of sales Raw materials are 50% of sales All purchases on trade credit An annual dividend of $100,000 is expe...

    ppt29 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 867 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 17: Dividends and dividend policyTài chính doanh nghiệp - Chapter 17: Dividends and dividend policy

    “America West Airlines announced today that its Board of Directors has authorized the purchase of up to 2.5 million shares of its Class B common stock on the open market as circumstances warrant over the next two years. . . . “Following the approval of the stock repurchase program by the company’s Board of Directors earlier today, W.A. Franke, cha...

    ppt30 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 860 | Lượt tải: 0

  • Tài chính doanh nghiệp - Chapter 15: Raising capitalTài chính doanh nghiệp - Chapter 15: Raising capital

    Subject to Completion, Dated December 19, 1989 25,000,000 Shares The Reader’s Digest Association, Inc. Class A Nonvoting Common Stock (par value $0.01 per share) Of the 25,000,000 shares of Class A Nonvoting Common Stock offered, 21,000,000 are being offered hereby in the United Sates and 4,000,000 are being offered in a concurrent internation...

    ppt29 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 887 | Lượt tải: 0