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FNCE20001 (22)

Class Notes for FNCE20001 at University of Melbourne

Business Finance

Exam Study Guides for FNCE20001

Covers all exam topics.

FNCE20001 Lecture Notes - Lecture 16: Net Present Value, Retained Earnings, Weighted Arithmetic Mean

Capital Budgeting IV Monday, 8 May 2017 7:41 AM Estimating discount rate incorretlwont maximise value When expanding the business use the current discount rate for new projects too The Weighted Average Cost of Capital WACC...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 21: Put Option, Forward Price, Futures Contract

Introduction to Derivative Securities I Friday, 19 May 2017 12:42 PM Overview of Derivative Markets Derivative contract an instrument whose payoff (and value) derives from the price of an underlying product. Value is deriv...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 17: Tax Bracket, Howlong, Ratp Group

Debt, Dividends and Taxes I Monday, 8 May 2017 9:24 AM Choicesmanagers have: Debt or equityfinancing Retain earnings or pay dividends Firms can give value back to shareholders through coupons,capital gains, and dividetaxes...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 22: Arbitrage, Spot Contract, Moneyness

Introduction to Derivative Securities II Friday, 19 May 2017 12:42 PM Call and Put Options Summary Options are contracts between buyers and sellers Pay a premium to get a right type of insurance Buyer or Holder Seller or ...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 19: Agency Cost, Tax Rate, Net Present Value

Debt, Dividends and Taxes III Sunday, 14 May 2017 5:52 PM Modigliani and Miller Proposition 2 States that the expected return on equity of a leveraged firm increases in direct proportion to its debttoequity ratio. Required...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 11: Credit Risk, Capital Asset Pricing Model, Cash Flow

Asset Pricing Models III Monday, 10 April 2017 7:19 AM More realistic than the CAPM Arbitrage situation where you the exact same investments, with the same exposure to risks, but are sold for different prices Agents can ca...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 18: Financial Risk, Substitute Good, Fixed Investment

Debt, Dividends and Taxes II Sunday, 14 May 2017 5:52 PM Financial Leverage Relates to capital structure decisions of firms Financial leverage mix of debt and equity used to finance firms operations What is Financial Lever...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 12: Capital Market, Market Risk, Observational Error

Capital Market Efficiency Sunday, 23 April 2017 2:52 PM Market efficiency unable to make abnormal returns EMH states that all relevant information is accounted for Concept of Capital Market Efficiency A market is informati...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 13: Net Present Value, Opportunity Cost, Capital Budgeting

Capital Budgeting I Sunday, 23 April 2017 8:43 PM Goal of managers maximise the returns of those who hired them Capital budgeting managers decide which investment proposals to accept Accept if it adds value to the company ...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 15: Fisher Equation, Nominal Interest Rate, Discount Window

Capital Budgeting III Tuesday, 2 May 2017 9:40 AM Estimating the cash flows (numerator) for NPV only include incremental cashflows Issues in Cash Flow Estimation Timing of Cash Flows Exact timing of a project cashflows can...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 14: Cash Flow, Sensitivity Analysis, Net Present Value

Capital Budgeting II Tuesday, 2 May 2017 9:39 AM Net Present Value Change in firm value from accepting a project vs. not accepting it Positive NPV accept (adds value) Negative NPV dont accept Comparing the IRR and NPV Meth...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 20: Retained Earnings, Market Failure, Cash Flow

Debt, Dividends and Taxes IV Friday, 19 May 2017 12:42 PM How to maximise value choice between retained earnings and dividends Institutional Features of Dividends Dividend declaration (or announcement) date Exdividend date...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 7: Expected Return, Systematic Risk, Modern Portfolio Theory

Modern Portfolio Theory II Sunday, 26 March 2017 4:46 PM Portfolio Leveraging Refers to the strategy where an investor borrows funds at the riskfree rate of return and invests all the available funds in a risky security (o...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 4: Retained Earnings, Dividend Yield, Cost Of Capital

Valuation of Equity Securities Monday, 13 March 2017 12:21 AM Equity Security No cash flows stated on the contract Can receive dividends No contractual obligation to provide future cash flow to shareholder Debt vs Equity D...

Finance
FNCE20001
josh
FNCE20001 Lecture Notes - Lecture 2: Loan, Effective Interest Rate, Compound Interest

Financial Mathematics II Sunday, 5 March 2017 2:48 PM End of Period Convention Cash flows occur at the end of each period PV is going to be one year before the first cash flow Valuing Perpetuities Perpetuity Perpetuity an ...

Finance
FNCE20001
josh
Permachart - Marketing Reference Guide: New York Stock Exchange, Nyse American, Market Trend

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Stocks & Bonds WHAT IS A STOCK? WHAT IS A BOND? ...

Biology
BIOL2761
All Professors
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors

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