Capital Structure Decisions: Which Factors are Reliably Important? Murray Z. Frank and Vidhan K. Goyal Current draft: October 10, 2007. ABSTRACT This paper examines the relative…
1. Chapter 13 Leverage and Capital Structure 2. Key Concepts and Skills Understand the effect of financial leverage on cash flows and cost of equity Understand the impact…
1 FIN 400 Class Notes Set 1: Detailed Review and Extension of FIN 300 Dr. Chanwit Phengpis California State University, Long Beach 2 The Roles of Financial Managers Real…
* Chapter 15 Capital Structure Decisions * Topics in Chapter Overview and preview of capital structure effects Business versus financial risk The impact of debt on returns…
Slide 1 1 Chapter 15 Capital Structure Decisions Slide 2 2 Topics in Chapter Overview and preview of capital structure effects Business versus financial risk The impact of…
Slide 1 1 Cost of Capital Models and methods to estimate the appropriate r Remember the guiding principle: The r should reflect the riskiness of the cash flows Slide 2 2…