'Flotation cost' diaporamas de présentation

Chapter 11

Chapter 11. The Cost of Capital. Learning Objectives. 1. Understand the different kinds of financing available to a company: debt financing, equity financing, and hybrid equity financing.

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Chapter 11

Chapter 11. The Cost of Capital. Learning Objectives. 1. Understand the different kinds of financing available to a company: debt financing, equity financing, and hybrid equity financing.

725 views • 57 slides

Cost of capital and long-term financial policy

Chapter 14. Cost of capital and long-term financial policy. Chapter Outline. The Cost of Capital: Introduction The Cost of Equity The Costs of Debt and Preferred Stock The Weighted Average Cost of Capital Divisional and Project Costs of Capital

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CHAPTER 9 The Cost of Capital

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Chapter 10

Chapter 10. Cost of Capital. Chapter Organization. The Cost of Capital: Some Preliminaries The Cost of Equity The Costs of Debt and Preferred Stock The Weighted Average Cost of Capital Divisional and Project Costs of Capital Flotation Costs and the WACC Summary and Conclusions.

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Chapter 19 -- Dividend Policy and Investment Decisions

Chapter 19 -- Dividend Policy and Investment Decisions. Miller and Modigliani (M&M) Hypothesis Assumptions no taxes, transaction costs, or brokerage fees no flotation cost information is free and available to all Conclusion: in a perfect capital market dividend policy does not matter.

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Chapter 10 Cost of Capital

Chapter 10 Cost of Capital. Liabilities & Equity Assets Debt Preferred Stock $ Bank 14% Common Stock 5% R.O.I. (cost of $) Total Liabilities = Total Assets & Equity.

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Flotation Costs 14.6

Flotation Costs 14.6. LO4. The required return depends on the risk, not how the money is raised However, the cost of issuing new securities should not just be ignored either Basic Approach Compute the weighted average flotation cost

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A COMPANY WANTS / TUTORIALOUTLETDOTCOM

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