thoughts on the exam today?
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because of the cyber attacks they sent an email saying it is extended to the 31st of january
ah okay. thanks for notifying!
How do they come up with the 10 million of capital Budget ?
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Thank you! I needed this.
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On question A of capital structure why would you include the debt in the calculation of the share price? Why is the value of the tax shield not included either?
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Actually, I think I got it, from a formula in the book, P(post)= [V(OpNew)-D(Old)]/N(prior). And if you think about it différently, you have 48 million of debt implying that you can buy 1 million of the shares as repurchase for the recapitalization thus the company would be left with 1.5 m shares -> S=72 thus P(post)=S(post)\N(post) or 72/1,5= 48
You have to take the assumption of recapitalizing, that you issue debt in order to repurchase the stock, so you use P(post)= [S+(D new-D(Old)]/N(initial nb of shares).
Does one of you guys have any past exam ?? Thanksss
Does anyone have the solutions manual for the 13th edition of the IFM book?
the minicases are the same across editions, just the years and some numbers change. also the solutions manual on here contains both the minicase, questions and solutions.
Hey guys, I am a repeat student and did not have class this year. Does anybody have the correct answers for case 2?
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^ you should also apply the knowledge from the minicases to the cases as they contain unique conditions that aren't always covered by the minicases.
Let's just hope the course coordinator doesn't make a crazy exam!
Could anyone upload the answers to the minicase of chapter 26?
there's a doc with the minicase solutions in ' other'
Could anyone upload the answers to the PBL Session 9 (chapter 17) learning goals? Thank you!
they are identical to the minicase of that chapter. Check the minicase doc.
Hey guys :) How to study for this exam? Any training exercises besides the trial exam? Thanks for ur help :p
Has anyone an idea how to interpret this "10 1/4%" number? It's from the article: CONVERTIBLE BONDS: MATCHING FINANCIAL AND REAL OPTIONS. "August of 1981, the company issued 20-year- convertible subordinated debentures with a 10 1/4% coupon rate"
10.25% coupon rate
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LSK ma boi, please upload some other summaries, they're lit
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will you do 16-17-20?
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quite specific- but can you upload a docx version? the massive study drive branding at the bottom puts me off. Also thanks
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Very nice summary, thanks for your effort.
Thank you so much! You're welcome
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Very nice! Will you also upload summaries about other chapters? Would be highly appreciated!
I will try
What is the difference between the ex dividend date and the holder of the record date?
Does anyone have the pdf version of the 11th edition ?
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I would recommend to go with the 9th or 10th since its what they based the course manual on
They haven't mentioned the 9th edition in the course manual
Did anyone get Case 1 yet? if so, please upload the pdf :)
Hello, does anyone know how to solve this problem? I assume you don't include the medium risk project as its cost of capital is higher than the IRR, but I can't figure it out...
Hi, so you exclude project M bc of the mentioned reason and only need 10 million for investments. SInce you have 50% equity target cap structure the needed money for investments are 5 million. So you have excess net income of 7287500-5000000= 2287500 and the payout ratio is simply the excess net income divided by the net income which should be sth around 30%.
Does anyone have the solutions for the learning goals?
anyone has old exams?
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Does anyone have a solution to the open excercise at the end?
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How do you know chapter 6, 12 and 18 are not relevant? They are listed under 'required readings' in the manual
thats what he said in the lecture
Can someone post a list of all relevant readings?
Does somebody have the chapters for Session 8?
Why do we do to the power of 1/3 here??
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because (111.91/56.02) would be the 3-year return, and you want the annual (so 1-year) return so you do to the power of (1/3). Its like de-compounding if you want. same applies to example above. There its two years and you want annual so its ^(1/2)
Great explanation thanks YChi
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Leave a thumbs up if these summaries are useful to you or give me feedback :)
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Leave a thumbs up if these summaries are useful to you or give me feedback :)
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Leave a thumbs up if these summaries are useful to you or give me feedback :)
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Leave a thumbs up if these summaries are useful to you or give me feedback :)
I need your help people! Do we only need to prepare the slides for tomorrow with today's topics or also actually present it? (Coursebook unclear but everybody presenting seems unfeasible to me) Moreover, IF we need indeed to present it, how long can our presentation take? Thanks for any answers. :)
Anyone has a course manual to share? :)
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example question answers are incorrect