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Boundless Teaching Platform: Engaging Students with Affordable Customizable Textbooks

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Boundless Teaching Platform: Engaging Students with Affordable Customizable Textbooks

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. The Basics of the Cost of Capital Introduction to the Cost of Capital Valuing Different Costs Approaches to Calculating the Cost of Capital The WACC ] Introduction to the Cost of Capital Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Introduction to the Cost of Capital > The Basics of the Cost of Capital The Basics of the Cost of Capital • Defining the Cost of Capital • Differences Between Required Return and the Cost of Capital • Relationship Between Financial Policy and the Cost of Capital Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-the-cost-of-capital-10/the-basics-of-the-cost-of-capital-87/

  6. Introduction to the Cost of Capital > Valuing Different Costs Valuing Different Costs • The Cost of Debt • The Cost of Preferred Stock • The Cost of Common Equity • The Cost of Retained Earnings • The Cost of New Common Stock Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-the-cost-of-capital-10/valuing-different-costs-88/

  7. Introduction to the Cost of Capital > Approaches to Calculating the Cost of Capital Approaches to Calculating the Cost of Capital • The Capital Asset Pricing Model • The SML Approach • Discounted Cash Flow Approach • The "Bond Yield Plus Risk Premium" Approach Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-the-cost-of-capital-10/approaches-to-calculating-the-cost-of-capital-89/

  8. Introduction to the Cost of Capital > The WACC The WACC • Weighted Average Cost of Capital • The Weightings • Factors Controlled by the Firm • Factors External to the Firm • Making Risk Adjustments • Problems with WACC Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-the-cost-of-capital-10/the-wacc-90/

  9. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  10. Introduction to the Cost of Capital Key terms • capital asset pricing modelAn equation that assesses the required rate of return on a given investment based upon its risk relative to a theoretical risk-free asset. • capital requirementsThe amount of money a project needs in order to be successfully funded. • capital structureThe way that a corporation finances its assets through some combination of equity, debt, and hybrid securities. • coupon paymentA periodic interest payment that the bondholder receives during the time between when the bond is issued and when it matures. • covarianceA measure of how much two random variables change together. • discount rateThe interest rate used to discount future cash flows into present values. • dividend payout ratioThe fraction of net income an organization pays out to investors. • dividend yieldA company's total annual dividend payment per share, divided by its price per share. • hybrid instrumentA broad group of securities that pay a predictable (fixed or floating) rate of return or dividend until a certain date, at which point the holder has a number of options including converting the securities into the underlying share. • leverageThe use of borrowed funds with a contractually determined return to increase the ability of a business to invest and earn an expected higher return (usually at high risk). • nominal valuePrior to adjustment (in this context, prior to time value of money adjustments). • price-to-book ratioOr market-to-book ratio, this ratio compares the market valuation of an organization to the book value of the organization. Free to share, print, make copies and changes. Get yours at www.boundless.com

  11. Introduction to the Cost of Capital • principal paymentThe payment made upon maturity of a bond • risk-free rateThe default rate of return attached to a 'risk free' asset, such as a treasury bond. While nothing is completely risk free, these assets are as close to minimal risk as possible and represent the lowest practical rate of return. • slopeThe ratio of the vertical and horizontal distances between two points on a line; zero if the line is horizontal, undefined if it is vertical. • SynergyBenefits resulting from combining two different groups, people, objects, or processes. • systematic riskRisk that is intrinsic to the marketplace. • weighted average cost of capitalOr WACC, this is a calculation of the various required returns on a project, which ultimately determines the profitability required to break even. • weighted average cost of capitalA calculation of the overall cost of capital used by an enterprise, made by totaling the cost of each source of capital used multiplied by its proportional share of the total capital used. • weighted average cost of capitalCommon stock is one of a variety of inputs in the weighted average cost of capital, which calculates the overall cost of borrowing. Free to share, print, make copies and changes. Get yours at www.boundless.com

  12. Introduction to the Cost of Capital Example Equation $10 divided by $100, plus 3%. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikispaces."SU3FINANCE - Chapter 12 - Determining the Cost of Capital."CC BY-SAhttp://su3finance.wikispaces.com/Chapter+12+-+Determining+the+Cost+of+CapitalView on Boundless.com

  13. Introduction to the Cost of Capital SML Equation The SML is the graphical representation of CAPM, and thus is found using the same equation. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikibooks."Principles of Finance/Section 1/Chapter 7/Capital Asset Pricing Model."CC BY-SA 3.0http://en.wikibooks.org/wiki/Principles_of_Finance/Section_1/Chapter_7/Capital_Asset_Pricing_ModelView on Boundless.com

  14. Introduction to the Cost of Capital Beta Equation The beta of an investment is equal to the covariance between the rate of return of the investment, r(a), and that of the portfolio, r(p). Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Beta (finance)."GNU FDLhttp://en.wikipedia.org/wiki/Beta_(finance)View on Boundless.com

  15. Introduction to the Cost of Capital Example Equation Required return = 6% + 4% Free to share, print, make copies and changes. Get yours at www.boundless.com Code Cogs."Online LaTeX Equation Editor - create, integrate and download."CC BYhttp://codecogs.com/latex/eqneditor.phpView on Boundless.com

  16. Introduction to the Cost of Capital Bond Yield Plus Risk Premium Equation States that the required return on an equity equals the yield of the company's long-term debt plus the equity's risk premium. Free to share, print, make copies and changes. Get yours at www.boundless.com Code Cogs."Online LaTeX Equation Editor - create, integrate and download."CC BYhttp://codecogs.com/latex/eqneditor.phpView on Boundless.com

  17. Introduction to the Cost of Capital Weighted Average Cost of Capital Tree This diagram is an excellent illustration of how various forms of debt and equity consolidate into broader calculation of debt and equity overall, and how those can combine as a total weighted average cost of capital. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."0020_-_WACC-2.png."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/b/ba/0020_-_WACC-2.pngView on Boundless.com

  18. Introduction to the Cost of Capital German Bank Interest Rates This chart illustrates changes in interest rates in Germany over time. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."German_bank_interest_rates_from_1967_to_2003_grid.svg.png."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/a/a3/German_bank_interest_rates_from_1967_to_2003_grid.svgView on Boundless.com

  19. Introduction to the Cost of Capital Exclusive_investments.png When weighed different projects over time, the IRR calculation can be useful in determining which investment of capital is best over the lifetime of each project. When taking the WACC into account (derived from capital structure decisions), the organization can measure operational options against the required rate of return. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Exclusive_investments.png."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/en/a/a8/Exclusive_investments.pngView on Boundless.com

  20. Introduction to the Cost of Capital Oil Prices Companies often use hedging techniques to offset price fluctuations for commodities. The fluctuation of oil prices can be seen in the above graph. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Oil.2001-2005jpg.smaller."CC BY-SAhttp://commons.wikimedia.org/wiki/File:Oil.2001-2005jpg.smaller.jpgView on Boundless.com

  21. Introduction to the Cost of Capital CAPM-SML The Security Market Line for the Dow Jones Industrial Average over a 3 year period, with the x-axis representing beta and the y-axis representing expected return. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikibooks."Principles of Finance/Section 1/Chapter 7/Capital Asset Pricing Model."CC BY-SA 3.0http://en.wikibooks.org/wiki/Principles_of_Finance/Section_1/Chapter_7/Capital_Asset_Pricing_ModelView on Boundless.com

  22. Introduction to the Cost of Capital Security Market Line The security market line is illustrated in this graph, where an assets expected return can be visualized. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."SecMktLine.png."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/en/d/d9/SecMktLine.pngView on Boundless.com

  23. Introduction to the Cost of Capital A Discounted Cash Flow Example This is a good example of a what a discounted cash flow analysis would look like on paper, particularly as a prospective investor. There's actually quite a bit more information here than you may strictly need to understand the calculation, but it's a great way to see how each piece of information fits together. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."DCFM_Calculator.JPG."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/9/99/DCFM_Calculator.JPGView on Boundless.com

  24. Introduction to the Cost of Capital Domestic Balance Sheet If the person analyzing a company chooses or if the market value of a company's debt and equity is not available, the book value can be used. The book value of debt and equity can be found on the company's balance sheet. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."DWBA DBS."CC BY-SA 3.0http://commons.wikimedia.org/wiki/File:DWBA_DBS.jpgView on Boundless.com

  25. Introduction to the Cost of Capital Yield To Maturity Graph A hypothetical graph showing yield to maturities (or internal rates of return) for corresponding present values. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."IRR1 - Grieger."CC BY-SAhttp://en.wikipedia.org/wiki/File:IRR1_-_Grieger.jpgView on Boundless.com

  26. Introduction to the Cost of Capital Cost of Preferred Stock The cost of preferred stock is equal to the preferred dividend divided by the preferred stock price, plus the growth rate. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikispaces."SU3FINANCE - Chapter 12 - Determining the Cost of Capital."CC BY-SAhttp://su3finance.wikispaces.com/Chapter+12+-+Determining+the+Cost+of+CapitalView on Boundless.com

  27. Introduction to the Cost of Capital Balance Sheet Example Retained earnings is listed under equity, and is thus relative to the cost of equity. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Balance_sheet_example_.gif."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/8/8d/Balance_sheet_example_.gifView on Boundless.com

  28. Introduction to the Cost of Capital Common Stock Stock image of common stock. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."B26O_RR_common_stock.jpg."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/b/b5/B%26O_RR_common_stock.jpgView on Boundless.com

  29. Introduction to the Cost of Capital WACC While this image goes into a bit more detail on the derivation of the cost of equity and the cost of debt, the final three boxes on the right ultimately demonstrate the way in which required rates balance out into a WACC (one for debt, one for equity). Debt tends to be a lower rate because it is paid out first if a company goes bankrupt (i.e. lower risk). Equity is a bit higher risk (only paid out if there is capital remaining after debts are paid), and thus equity has a higher rate (and higher risk). Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."0020_-_WACC-2.png."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/b/ba/0020_-_WACC-2.pngView on Boundless.com

  30. Introduction to the Cost of Capital Attribution • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Rate_of_return • Wikipedia."Minimum acceptable rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Minimum_acceptable_rate_of_return • Wikipedia."Accounting rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Accounting_rate_of_return • Wikipedia."Internal rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Internal_rate_of_return • Wikipedia."Capital cost."CC BY-SA 3.0https://en.wikipedia.org/wiki/Capital_cost • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Managerial finance."CC BY-SA 3.0http://en.wikipedia.org/wiki/Managerial_finance • Wikipedia."Capital structure - Wikipedia, the free encyclopedia."CC BY-SA 3.0http://en.wikipedia.org/w/index.php?title=Capital_structure&printable=yes • Wikipedia."Hedge (finance) - Wikipedia, the free encyclopedia."CC BY-SA 3.0http://en.wikipedia.org/w/index.php?title=Hedge_(finance)&printable=yes • Wikipedia."Portfolio theory."CC BY-SA 3.0http://en.wikipedia.org/wiki/Portfolio_theory • Wiktionary."leverage."CC BY-SA 3.0http://en.wiktionary.org/wiki/leverage • Wikibooks."Principles of Finance/Section 1/Chapter 2/Time Value of Money/Opportunity Cost."CC BY-SA 3.0http://en.wikibooks.org/wiki/Principles_of_Finance/Section_1/Chapter_2/Time_Value_of_Money/Opportunity_Cost • Wikipedia."Marginal cost."CC BY-SA 3.0https://en.wikipedia.org/wiki/Marginal_cost • Wikipedia."Stock."CC BY-SA 3.0https://en.wikipedia.org/wiki/Stock • Wikipedia."Stock dilution."CC BY-SA 3.0https://en.wikipedia.org/wiki/Stock_dilution • Wikipedia."Equity (finance)."CC BY-SA 3.0https://en.wikipedia.org/wiki/Equity_(finance) Free to share, print, make copies and changes. Get yours at www.boundless.com

  31. Introduction to the Cost of Capital • Wikipedia."Initial public offering."CC BY-SA 3.0https://en.wikipedia.org/wiki/Initial_public_offering • Wikipedia."Public float."CC BY-SA 3.0https://en.wikipedia.org/wiki/Public_float • Wikipedia."Common stock."CC BY-SA 3.0https://en.wikipedia.org/wiki/Common_stock • Wikipedia."Issued shares."CC BY-SA 3.0https://en.wikipedia.org/wiki/Issued_shares • Wikipedia."Security market line."CC BY-SA 3.0https://en.wikipedia.org/wiki/Security_market_line • Wikipedia."Risk-return spectrum."CC BY-SA 3.0https://en.wikipedia.org/wiki/Risk%E2%80%93return_spectrum • Wikipedia."Systematic risk."CC BY-SA 3.0https://en.wikipedia.org/wiki/Systematic_risk • Wikipedia."Risk-free bond."CC BY-SA 3.0https://en.wikipedia.org/wiki/Risk-free_bond • Wikipedia."Capital asset pricing model."CC BY-SA 3.0https://en.wikipedia.org/wiki/Capital_asset_pricing_model • Wikibooks."Principles of Finance/Section 1/Chapter 7/Capital Asset Pricing Model."CC BY-SA 3.0http://en.wikibooks.org/wiki/Principles_of_Finance/Section_1/Chapter_7/Capital_Asset_Pricing_Model • Wikipedia."Security market line."CC BY-SA 3.0http://en.wikipedia.org/wiki/Security_market_line • Wiktionary."slope."CC BY-SA 3.0http://en.wiktionary.org/wiki/slope • Wiktionary."nominal."CC BY-SA 3.0https://en.wiktionary.org/wiki/nominal • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Risk premium."CC BY-SA 3.0https://en.wikipedia.org/wiki/Risk_premium • Wikipedia."Net present value."CC BY-SA 3.0https://en.wikipedia.org/wiki/Net_present_value • Wikipedia."Discounted cash flow."CC BY-SA 3.0https://en.wikipedia.org/wiki/Discounted_cash_flow • Wikipedia."Time value of money."CC BY-SA 3.0https://en.wikipedia.org/wiki/Time_value_of_money • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital Free to share, print, make copies and changes. Get yours at www.boundless.com

  32. Introduction to the Cost of Capital • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Rate_of_return • Wikipedia."Internal rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Internal_rate_of_return • OER Commons.CC BY-SAhttp://www.oercommons.org/courses/management-of-capital/view • Wiktionary."covariance."CC BY-SA 3.0http://en.wiktionary.org/wiki/covariance • su3finance Wikispace."Determining the Cost of Capital."CC BY-SA 3.0http://su3finance.wikispaces.com/Chapter+12+-+Determining+the+Cost+of+Capital • Wikipedia."Securities market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Securities_market%23Preferred_stock • Wikipedia."Preferred stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred_stock • Wikipedia."hybrid instrument."CC BY-SA 3.0http://en.wikipedia.org/wiki/hybrid%20instrument • Wikipedia."Accrual."CC BY-SA 3.0https://en.wikipedia.org/wiki/Accrual • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Retention rate."CC BY-SA 3.0https://en.wikipedia.org/wiki/Retention_rate • Wikipedia."Statement of changes in equity."CC BY-SA 3.0https://en.wikipedia.org/wiki/Statement_of_changes_in_equity • Wikipedia."Retention ratio."CC BY-SA 3.0https://en.wikipedia.org/wiki/Retention_ratio • Wikipedia."Dividend payout ratio."CC BY-SA 3.0https://en.wikipedia.org/wiki/Dividend_payout_ratio • Wikipedia."Retained earnings."CC BY-SA 3.0https://en.wikipedia.org/wiki/Retained_earnings • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Equity (finance)."CC BY-SA 3.0https://en.wikipedia.org/wiki/Equity_(finance) • Wikipedia."Cost of equity."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_equity Free to share, print, make copies and changes. Get yours at www.boundless.com

  33. Introduction to the Cost of Capital • Wikipedia."Dividend discount model."CC BY-SA 3.0https://en.wikipedia.org/wiki/Dividend_discount_model • Wikipedia."Fama-French 3-factor model."CC BY-SA 3.0https://en.wikipedia.org/wiki/Fama%E2%80%93French_three-factor_model • Wikipedia."PB ratio."CC BY-SA 3.0https://en.wikipedia.org/wiki/P/B_ratio • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet • Wikipedia."Market value."CC BY-SA 3.0http://en.wikipedia.org/wiki/Market_value • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Book value."CC BY-SA 3.0http://en.wikipedia.org/wiki/Book_value • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//management/definition/synergy • Wikipedia."coupon payment."CC BY-SA 3.0http://en.wikipedia.org/wiki/coupon%20payment • Wikipedia."Yield to maturity."CC BY-SA 3.0http://en.wikipedia.org/wiki/Yield_to_maturity • Wikipedia."Risk premium."CC BY-SA 3.0http://en.wikipedia.org/wiki/Risk_premium • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/principal-payment • Wikipedia."dividend yield."CC BY-SA 3.0http://en.wikipedia.org/wiki/dividend%20yield • tradingdiary Wikispace."Market Valuation (Price-2-Earnings Ratio)."CC BY-SA 3.0http://tradingdiary.wikispaces.com/Market+Valuation+(Price-2-Earnings+Ratio) • Wikipedia."Bond (finance)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Bond_(finance)%23Yield • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Equity (finance)."CC BY-SA 3.0https://en.wikipedia.org/wiki/Equity_(finance) • Wikipedia."Return on capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Return_on_capital Free to share, print, make copies and changes. Get yours at www.boundless.com

  34. Introduction to the Cost of Capital • Wikipedia."Discounted cash flow."CC BY-SA 3.0https://en.wikipedia.org/wiki/Discounted_cash_flow • Wikipedia."Debt."CC BY-SA 3.0https://en.wikipedia.org/wiki/Debt • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wiki Treasurers."Weight average cost of capital."CC BY-SA 3.0https://wiki.treasurers.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Strategic financial management."CC BY-SA 3.0https://en.wikipedia.org/wiki/Strategic_financial_management#Financing_decisions • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital • Wikipedia."Capital structure."CC BY-SA 3.0https://en.wikipedia.org/wiki/Capital_structure • Wikipedia."Dividend yield."CC BY-SA 3.0https://en.wikipedia.org/wiki/Dividend_yield • Wikipedia."Internal rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Internal_rate_of_return • Wikipedia."Financial management."CC BY-SA 3.0https://en.wikipedia.org/wiki/Financial_management • Wiktionary."capital structure."CC BY-SA 3.0https://en.wiktionary.org/wiki/capital_structure • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Capital structure."CC BY-SAhttps://en.wikipedia.org/wiki/Capital_structure • Wikipedia."Internal rate of return."CC BY-SA 3.0https://en.wikipedia.org/wiki/Internal_rate_of_return • Wiktionary."weighted-average cost of capital."CC BY-SAhttps://en.wiktionary.org/wiki/weighted-average_cost_of_capital • Wikipedia."Weighted average cost of capital ."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikibooks."Principles of Finance/Section1/Chapter 6/Corp/WACC ."CC BY-SA 3.0https://en.wikibooks.org/wiki/Principles_of_Finance/Section_1/Chapter_6/Corp/WACC • Wikipedia."Capital structure."CC BY-SA 3.0https://en.wikipedia.org/wiki/Capital_structure • Wikipedia."Interest rate."CC BY-SA 3.0https://en.wikipedia.org/wiki/Interest_rate Free to share, print, make copies and changes. Get yours at www.boundless.com

  35. Introduction to the Cost of Capital • Wikipedia."Corporate tax."CC BY-SA 3.0https://en.wikipedia.org/wiki/Corporate_tax • Wikipedia."Corporate finance."CC BY-SA 3.0https://en.wikipedia.org/wiki/Corporate_finance • Wikipedia."External financing."CC BY-SA 3.0https://en.wikipedia.org/wiki/External_financing • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Beta (finance)."CC BY-SA 3.0https://en.wikipedia.org/wiki/Beta_(finance) • Wikipedia."Risk-free interest rate."CC BY-SA 3.0https://en.wikipedia.org/wiki/Risk-free_interest_rate • Wikipedia."Weighted average cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Weighted_average_cost_of_capital • Wikipedia."Capital structure."CC BY-SA 3.0https://en.wikipedia.org/wiki/Capital_structure • Wikipedia."Discounted."CC BY-SA 3.0https://en.wikipedia.org/wiki/Discounted • Wikipedia."Cost of capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cost_of_capital#Cost_of_debt • Wikipedia."Risk-free bond."CC BY-SA 3.0https://en.wikipedia.org/wiki/Risk-free_bond Free to share, print, make copies and changes. Get yours at www.boundless.com

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