Chapter 16 Capital Structure Policy Learning Objectives 1. Describe the two Modigliani and Miller propositions, the key assumptions underlying them, and their relevance to…

1 Chapter 16 Capital Structure Policy Learning Objectives 1.Describe the two Modigliani and Miller propositions, the key assumptions underlying them, and their relevance…

RJR Nabisco A Leveraged Buyout Special Committee Leo Leung Aaron Ng Marcus Lam Jennie Liu Wendy Ma Agenda LBO Evaluation Value of Company Pre-bid Management KKR Sources of…

Slide 1Chapter 11 Theory Behind the Discounted Cash Flow approach Slide 2 The Market Value Balance Sheet Enterprise value represents the left hand side Slide 3 Who has a…

Slide 1WACC and APV Slide 2 The Big Picture: Part II -Valuation A. Valuation: Free Cash Flow and Risk April 1 Lecture: Valuation of Free Cash Flows April 3 Case: Ameritrade…

Slide 1RISK MANAGEMENT: AN INTRODUCTION TO FINANCIAL ENGINEERING Chapter 24 Slide 2 Chapter Outline Hedging and Price Volatility Managing Financial Risk Forward Contracts…

Slide 1 Sampa Video, Inc. Syndicate 2 Cindy Herin 29112511 Farradila Karnesia 29112527 Henny Zahrani 29112551 Muhammad Nurhadi W. 29112326 Nisa Nuril H. 29112467 Zelmi Ilham…

Slide 1 Discounted Cash Flow Valuation Slide 2 Challenges  Defining and forecasting CF’s  Estimating appropriate discount rate Slide 3 Basic DCF model  An asset’s…

Slide 1 Valuation and Evaluation Slide 2 Basic Valuation Assets have value by virtue of being expected to produce cash flows Cash flows to equity holders are “dividends”…

Slide 1 Autocatalytic process: the outcome of the process is itself a catalyst for the process  Chain Reaction! Viking success propelled Viking success. … but then came…