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The Individual Financial Decision
Certainty Measuring the Return
22 other sections not shown
Albert alternative amount analysis assume average bank beta bonds book value borrowing business risk capital budget capital constraint capital structure cash inflows cash outflows Chapter common stock computed corporate cost of capital cost of equity current assets current liabilities decision differential cash flows discount rate dividend policy dollar economic Equation estimate evaluation expected rate expected return financial leverage financial manager financial ratios firm firm's flotation costs funds future value higher income taxes increase incremental interest tax subsidy internal rate inventory investment opportunities investment projects investment proposals investors issue lease liquid asset balances loan long-term market value million NPV method operating cash flow operating income percent perfect markets portfolio preferred stock present value problem produce profitability purchase rate of return receivables required rate retained earnings securities security market line sell shareholder wealth short-term standard deviation strategy stream Table tax rate truck uniform annual equivalent Unlever valuation