Indecisive 发表于 2025-3-25 04:25:36
Real Options,ceeds the initial costs of the project. The discount rate is the cost of capital. The difference between the discounted cash flow and the initial cash outlay is the net present value, NPV, which should be positive to accept a project. This chapter discusses another application of cash flow and valuagroggy 发表于 2025-3-25 08:56:37
Mergers and Acquisitions,ss, assets, or facilities of another company are mergers, combinations, or acquisitions.1 These terms are not used rigidly. In general, however, a merger signifies that one firm obtains another by issuing its stock in exchange for the shares belonging to owners of the acquired firm, or buys another比赛用背带 发表于 2025-3-25 15:33:33
Liquidation, Failure, Bankruptcy, and Reorganization,tee that all capital will earn the “normal” rate of return. In a world of change, where sure knowledge of the future is lacking and decisions are made under conditions of more or less uncertainty, the operation of any business is a calculated risk. The data in Figure 1 depicts the failure rate per 1AROMA 发表于 2025-3-25 16:04:32
Financing Current Operations, Ratio And Credit Analysis,un operations of the business. Current assets are what the classical economists called “circulating capital.” Within the current asset grouping, however, some items remain in the firm’s possession longer than others.阴谋小团体 发表于 2025-3-25 23:29:08
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The Equity of the Corporation: Common and Preferred Stock,f return on risk capital, can the company be considered an economic success. Thus, a large part of the discussion is centered on the behavior of the investment markets. This follows from the assumption that the major objective of financial management is to maximize the long-run value of the common stock.灰姑娘 发表于 2025-3-26 05:37:52
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Investing in Assets: Theory of Investment Decision Making,estment is straightforward. An investment is desirable when the present value of the estimated net inflow of benefits (or net cash inflow for pure financial investments) over time, discounted at the cost of capital, exceeds or equals the initial outlay on the project.Alveoli 发表于 2025-3-26 14:43:45
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Mergers and Acquisitions,ger signifies that one firm obtains another by issuing its stock in exchange for the shares belonging to owners of the acquired firm, or buys another firm with cash. Company X gives some of its shares to Company Y shareholders for the outstanding Y stock.