International Finance SMM475 Maik Schmeling 2014 Maik Schmeling International Finance (MSc) 1 / 268 How to reach me Contact details: e-Mail: Office: Office hours: Maik.Schmeling.1@city.ac.uk 5055 Tuesday‚ 10.00 – 11.30 If you have questions regarding the content of the course you can always send me an e-mail (and expect a quick answer) or come to my office hours. Maik Schmeling International Finance (MSc) 2 / 268 Readings As a general rule‚ the slides contain
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Business Financing 1 PRINCIPLES OF FINANCE Business Financing and the Capital Structure Week 8 Assignment 2 Business Financing 2 Business Financing and the Capital Structure The process
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CHAPTER 8 MAKING CAPITAL INVESTMENT DECISIONS Answers to Concept Questions 1. In this context‚ an opportunity cost refers to the value of an asset or other input that will be used in a project. The relevant cost is what the asset or input is actually worth today‚ not‚ for example‚ what it cost to acquire. 2. a. Yes‚ the reduction in the sales of the company’s other products‚ referred to as erosion‚ should be treated as an incremental cash flow. These lost sales are included because
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CHAPTER 3 How to Calculate Present Values Answers to Practice Questions 1. a. PV = $100 0.905 = $90.50 b. PV = $100 0.295 = $29.50 c. PV = $100 0.035 = $ 3.50 d. PV = $100 0.893 = $89.30 PV = $100 0.797 = $79.70 PV = $100 0.712 = $71.20 PV = $89.30 + $79.70 + $71.20 = $240.20 2. a. PV = $100 4.279 = $427.90 b. PV = $100 4.580 = $458.00 c. We can think of cash flows in this problem as being the difference between two separate streams
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Australia was hit by the financial crisis in 2009 but bounced back quickly after only one quarter of negative growth. There was a fiscal stimulus package for more than US$50 billion and interest rates were cut to historic lows by the Australian Reserve Bank. Unemployment peaked at 5.7% in late 2009 and has fallen to 5% in 2011 (World factbook). Australia has had a negative current account for the past five years with a low of negative AU$69.34 billion (about US$58 billion) in 2007 and a high of
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Study on the Corporate Governance Structure and Organization Structure of China Construction Bank Key Terms: Shareholding transformation Organizational structure Corporate governance structure Class: Management (Friday afternoon) Group 2: Afra Daisy Vicky Bill Chris Study on the Governance Structure and Organizational Structure of China Construction Bank Key Terms: Shareholding transformation Organizational structure
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Project finance Aditya Agarwal Sandeep Kaul Fuqua School of Business Contents The MM Proposition What is a Project? What is Project Finance? Project Structure Financing choices Real World Cases Project Finance: Valuation Issues The MM Proposition The MM Proposition “The Capital Structure is irrelevant as long as the firm’s investment decisions are taken as given” Then why do corporations: Set up independent companies to undertake mega projects and
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Hafsah Class: Lower 6 Subject: Business studies Sources of Finance * Why do businesses need finance? * Types of finance * Internal sources of finance * External sources of finance * Factors to be considered when choosing sources of finance Sources of finance Finance: Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance‚ which affects decisions‚ is the time value of money‚ which states
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My opinion about Islamic finance is when all the transaction not only in banking but in business too‚ that occur must be in accordance with the law of Al-Quran‚ Hadith and Al-Sunnah. It also related with halal and non-halal transaction. In general‚ Islamic finance is defined as a banking system which uses the Syariah as a rule. This means that all operations of the Islamic bank transaction involving either deposit or financing‚ must be based on Syariah principle. These laws forbid to giving and receiving
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which the lender looks principally to the revenues expected to be generated by the project for the repayment of its loan and to the assets of the project as collateral for its loan rather than to the general credit of the project sponsor. "Project finance" is a method for obtaining commercial debt financing for the construction of a facility. Lenders look at the credit-worthiness of the facility to ensure debt repayment rather than at the assets of the developer/sponsor. Farm biogas projects have historically
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