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Financial Decisions in General
Market Equilibrium Valuation and Financial Decisions
A Note on Notation
14 other sections not shown
alternative amount analysis apply arbitragers assumed assumptions bondholders bonds borrow capital budget capital gains capital markets cash flow Chap chapter corporate criterion defined depends derivative determined developed discount rate discussion distress costs dividend policy economic equal equation equilibrium evaluated example expected return expected utility expected value financial decisions financing policy firm taxes firm value firm's future given hold implies income stream increases incremental individual investment decisions investment policy investors issue market value maximize merger multiperiod opportunities optimal option outlay outstanding owners paid payments payoff perfect markets period personal tax portfolio preferred present value probability distribution problem purchase random variable rate of return relationship result risk aversion securities sell semiperfect shareholders shares single-period standard deviation stochastic stock price stockholders tax rate theory time-state tion transaction uncertainty unlevered utility function valuation variance vector wealth Wiener process zero