Fundamentals of Corporate Finance11(ch11)内容摘要:

1、2001 11- 1 1 2001 11- 2 s ils 2001 11- 3 s to if in of s of 2001 11- 4 % 4% is 2001 11- 5 % 4% is 1 0 0 %$ 6 4 7A s s e t s V a l u eM a r k e t 7 0 %$ 4 5 3 E q u i t yV a l u eM a r k e t 3 0 %$ 1 9 4 D e b tV a l u eM a r k e t 2001 11- 6 % 4% is 1 2 . 2 %=( . 7 x 1 4 % )+( . 3 x 8 % )= R e t u r 2、 nP o r t f o l i o2001 11- 7 % 4% is 1 2 . 2 %=( . 7 x 1 4 % )+( . 3 x 8 % )= R e t u r nP o r t f o l i is a 35% (8 % x 1 1 . 4 %=( . 7 x 1 4 % )+( . 3 x 5 . 2 % )= W A 2001 11- 8 - of on a of s of of 2001 11- 9 r a ss e D x r ) + ( E x r )bt e qu i t y=( ) ( )r x r x ra V de V e y= +r =a ss e ts 3、to ta l in c o o f i nv e e nt s2001 11- 10 . of as a of s 2. of on 3. a of 2001 11- 11 an in of is 2001 11- 12 of W A C C = x ( 1 - T c ) r + x d e b t EV e q u i t y2001 11- 13 of 4$26 %, 12%, 8%, Q: 2001 11- 14 4 + 2 + 6 = $12 ( ) ( )W A C C = x ( 1 - . 3 5 ) . 0 6 + x . 1 2 + x . 1 8= . 1 2 3 o r 1 2 . 3 %4122126122001 11- 15 1)on )of to in B = x B + x s et s DV d eb t EV eq u i t y2001 11- 16 In do of In of do of a s 2001 11- 17 PV of at by of outs。
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