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Why Finance Matters
Present Value and the Opportunity Cost of Capital
How to Calculate Present Values
33 other sections not shown
12 percent accounting adjusted adjusted present value after-tax amount analysis annual ANSWERS TO EXERCISES Assume average balance sheets beta bond borrowing calculate call option capital budgeting capital markets capitalization rate cash dividends cash flows chapter common stock company's corporate cost of capital discount rate economic rents efficient equivalent loan Essay Questions estimate evaluate exercise price EXERCISES Fill-in Questions expected return financial manager financial ratios financing decisions firm firm's forecasts formula futures contracts hedge income increase interest rate investment projects investors lease leverage liabilities LIST OF TERMS market portfolio market price market value merger million number of shares opportunity cost payments pension fund period present value profit put option rate of return ratio risk premium securities sell share price shareholders short-term SOLUTION spot rate standard deviation stock price stockholders tax rate tax shield total assets Treasury bills What-Not yield to maturity