TAILIEUCHUNG - Ebook Fundamentals of financial management (13E): Part 2

(BQ) Part 2 book "Fundamentals of financial management" has contents: Risk and managerial (real) options in capital budgeting; required returns and the cost of capital, operating and financial leverage, capital structure determination, dividend policy, international financial management,.and other contents. | 9/19/08 17:04 Page 353 To download more slides, ebooks, solution manual, and test bank, visit 14 Risk and Managerial (Real) Options in Capital Budgeting Contents Objectives l The Problem of Project Risk After studying Chapter 14, you should be able to: An Illustration • Expectation and Measurement of Dispersion: A Cash-Flow Example l l Define the “riskiness” of a capital investment project. l Understand how cash-flow riskiness for a particular period is measured, including the concepts of expected value, standard deviation, and coefficient of variation. l Describe methods for assessing total project risk, including a probability approach and a simulation approach. l Judge projects with respect to their contribution to total firm risk (a firm-portfolio approach). l Understand how the presence of managerial (real) options enhances the worth of an investment project. l List, discuss, and value different types of managerial (real) options. Total Project Risk Probability Tree Approach • Simulation Approach • Use of Probability Distribution Information l Contribution to Total Firm Risk: Firm-Portfolio Approach Expectation and Measurement of Portfolio Risk • An Illustration • Correlation Between Projects • Combinations of Risky Investments l Managerial (Real) Options Valuation Implications • The Option to Expand (or Contract) • The Option to Abandon • The Option to Postpone • Some Final Observations l l l l l l Key Learning Points Questions Self-Correction Problems Problems Solutions to Self-Correction Problems Selected References “Risk? Risk is our business. That’s what this starship is all about. That’s why we’re aboard her!” —JAMES T. KIRK captain of the starship Enterprise 353 •• 9/19/08 17:04 Page 354 To download more slides, ebooks, solution manual, and test bank, visit Part 5 Investment in Capital Assets In the preceding chapter, we assumed that

• Tài chính doanh nghiệp
• International financial management
• Financial management
• Risk and managerial
• Required returns
• The cost of capital
• Financial leverage
• Capital structure determination
• Quản lý tài chính quốc tế
• Lecture International financial management
• International financial markets
• Foreign exchange market
• International money market
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International bond market
• International equity markets
• International trade finance
• Multinational cash management
• International equity financing
• International capital market equilibrium
• International capital budgeting
• The foreign currency hedging decision
• International banking
• Money market
• International portfolio investment
• Balance of payments
• Current account
• Financial accounts
• International flow of funds
• Exchange rate determination
• Government influence
• Currency derivatives
• International tax environment
• Financial environments
• Bài giảng International financial management
• Tài chính quốc tế
• Multinational financial management
• Tăng trưởng của MNCs
• Direct foreign investment
• Multinational capital budgeting
• Financing international trade
• International cash management
• Lesson International financial management
• Management of translation exposure
• Translation Exposures
• Alternative currency translation methods
• Translation exposure
• International business
• International marketing
• International operations management
• International strategic management
• International strategic alliances
• Exchange rates
• International Fisher Effect
• Purchasing power parity
• International diversification
• International project
• Initial investment
• Lecture International business
• International environmental forces
• Organizational environment
• Financial management decisions
• International flow
• International arbitrage
• Interest rate parity
• Relationships among inflation
• International monetary system
• International parity relationships
• Forecasting foreign exchange rates
• International financial
• Managing transaction exposure
• Country risk analysis
• Lecture Multinational financial management
• International banking and money market
• International banking services
• Capital adequacy standards