Business Organization and Finance: Legal and Economic Principles |
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Page 236
... Outcome * Value ** Probability Firm Bonds Common Firm Bonds Common Ico is co .3 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 .4 1,000 2,000 500 500 400 200 200 500 1,500 600 150 450 1.0 * Monetary Return $ 1,000 $ 350 $ 650 ** Expected Monetary Value ...
... Outcome * Value ** Probability Firm Bonds Common Firm Bonds Common Ico is co .3 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 .4 1,000 2,000 500 500 400 200 200 500 1,500 600 150 450 1.0 * Monetary Return $ 1,000 $ 350 $ 650 ** Expected Monetary Value ...
Page 300
... outcome will always be the same for each ; if one earns $ 3,000 , the other earns $ 3,000 ; if one earns $ 12,000 , the other earns $ 12,000 ; and so on . The expected return before interest charges is now simply doubled , as is the ...
... outcome will always be the same for each ; if one earns $ 3,000 , the other earns $ 3,000 ; if one earns $ 12,000 , the other earns $ 12,000 ; and so on . The expected return before interest charges is now simply doubled , as is the ...
Page 337
... outcome , so the expected future value of that outcome is $ 82,500 . For Abe and Bill to be satis- fied , the expected value of the other out- come must therefore be the required $ 218,900 less $ 82,500 , or $ 136,400 . There is a 50 ...
... outcome , so the expected future value of that outcome is $ 82,500 . For Abe and Bill to be satis- fied , the expected value of the other out- come must therefore be the required $ 218,900 less $ 82,500 , or $ 136,400 . There is a 50 ...
Common terms and phrases
Abe and Bill amount assets assume bidder bondholders bonds borrow business judgment rule capital cash Chapter claim common shareholders common stock contract contribution Corp corporate law corporation's cost courts creditors debt decisions default directors dividends duration earnings economic effect employees entitled example exchange expected return fact fiduciary firm firm's funds futures contract gain held corporation high-yield bonds holders income incorporation increase individual initial insider trading interest rate investment investors issuer issues lawyer lender leverage liability limited loan loss majority managers ment merger Morris NYSE opportunity option outcome owner ownership paid Pamela partners percent person possibility potential preferred stock present value problems profits protect purchase rate of return reification relationship retained earnings risk rule securities sell shareholders shares significant statutes Suppose takeover tender offer tion trading transaction volatility risk vote worth X Corp