Principles of Corporate Finance |
Contents
Present Value and the Opportunity Cost | 11 |
X | 13 |
A crucial assumption 20 Imperfect capital markets | 21 |
Copyright | |
41 other sections not shown
Common terms and phrases
accounting arbitrage pricing theory asset pricing model assume average bank bankruptcy beta bond bondholders borrowing C₁ calculate call option Canada Canadian capital asset pricing capital budgeting capital gains capital markets cash flows Chapter common stock company's cost of capital Debentures debt decisions default depreciation discount rate diversified dollars earnings equity estimate example exercise price expected return Figure financial manager firm's forecasts formula funds future Imasco income increase inflation interest rate investment investors issue Journal of Finance lease liabilities loan long-term marginal market portfolio market risk market value maturity merger million net present value offer opportunity cost payment payoff present value problem profit put option rate of interest rate of return ratio risk premium risk-free risky securities sell shareholders short-term standard deviation stock price stockholders Suppose Table tax rate tax shields theory Treasury bills variance warrants yield zero