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

(BQ) Part 2 book "Fundamentals of financial management" has contents: The cost of capital, capital structure, and dividend policy, intermediate and long term financing, special areas of financial management. | Part 6 9/19/08 17:18 Page 381 The Cost of Capital, Capital Structure, and Dividend Policy 15 Required Returns and the Cost of Capital Contents l Creation of Value Objectives After studying Chapter 15, you should be able to: Industry Attractiveness • Competitive Advantage l Explain how a firm creates value, and identify the key sources of value creation. l Define the overall “cost of capital” of the firm. l Calculate the costs of the individual components of a firm’s overall cost of capital: cost of debt, cost of preferred stock, and cost of equity. l Evaluation of Projects on the Basis of Their Total Risk Explain and use alternative models to determine the cost of equity, including the dividend discount approach, the capital-asset pricing model (CAPM) approach, and the before-tax cost of debt plus risk premium approach. l Risk-Adjusted Discount Rate Approach • Probability Distribution Approach • Contribution to Total Firm Risk: Firm-Portfolio Approach • Conceptual Implications l Calculate the firm’s weighted average cost of capital (WACC) and understand its rationale, use, and limitations. l Explain how the concept of Economic Value Added (EVA) is related to value creation and a firm’s cost of capital. l Understand the capital-asset pricing model’s role in computing project-specific and groupspecific required rates of return. Overall Cost of Capital of the Firm Cost of Debt • Cost of Preferred Stock • Cost of Equity: Dividend Discount Model Approach • Cost of Equity: Capital-Asset Pricing Model Approach • Cost of Equity: Before-Tax Cost of Debt Plus Risk Premium Approach • Weighted Average Cost of Capital • Some Limitations • Rationale for a Weighted Average Cost • Economic Value Added (EVA) l The CAPM: Project-Specific and Group-Specific Required Rates of Return Capital-Asset Pricing Model Approach to Project Selection • Group-Specific Required Return • Some Qualifications • Ascribing Debt Funds to Groups l l Key Learning .

• Ngân hàng - Tín dụng
• Financial management
• The cost of capital
• Capital structure
• Dividend policy
• Long term financing
• Special areas
• The capital market
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Quản lý tài chính
• Multinational financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial planning
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Hospitality financial management
• Hospitality industry management
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point