Principles of Corporate Finance, Volume 5 |
Common terms and phrases
20 percent analysis asset pricing model assume average balance sheet bank beta bondholders bonds borrowing C₁ calculate call option capital asset pricing capital budgeting capital markets capital structure cash flows Chapter common stock company's corporate cost of capital debt default depreciation discount rate dividend policy dollars earnings per share economic equity estimate example exercise price expected return Figure financial manager financial planning financing decisions firm's forecast formula fund future income increase interest rate investors J. C. Penney Journal of Finance lease liabilities loan long-term market value maturity merger net present value offer opportunity cost payment payoff pension present value problem profit rate of interest rate of return ratio repurchase risk premium risk-free securities sell shareholders short-term spot rate standard deviation stock price stockholders strategy Suppose Table tax shields Treasury bills underwriters warrants worth yield to maturity