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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THE CHEMISTRY OF ORGANIC MOLECULES I. MACROMOLECULES-large molecules that are composed of smaller molecules and atoms that are bonded together. These are among the largest of all chemical molecules. A. Polymers-the largest of the macromolecules. These are composed of numerous‚ small identical subunits known as Monomers. There are 4 major polymers that are important for living organisms. These polymers are; carbohydrates‚ lipids‚ proteins and nucleic acids. B. Polymers
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providing public services‚ whether or not the services are profitable undertakings. * Sources of Revenue: government derives many of their resources from taxes and other non-exchange transactions. * Potential Longevity: government vary rarely go out of business‚ this long term view of operations changes the focus on sustainability of services and the ability to meet future demands. * Relationship with Stakeholders: governments have an obligation to demonstrate accountability for public funds
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Efficient Market Hypothesis and the extent to which they can be explained by behavioural finance theories Finance that is based on rational and logical theories‚ such as the capital asset pricing model (CAPM) and the efficient market hypothesis (EMH). These theories assume that people‚ for the most part‚ behave rationally and predictably. The Efficient market hypothesis assumes that financial markets incorporate all public information and assets that share prices reflect all relevant to the firm information
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AJS 101 USA PATRIOT ACT The USA PATRIOT Act of 2001 was created and put into affect after the tragic events of September 11th‚ 2001. The law was intended to give United States Law Enforcement the ability to prevent future acts of terrorism on United States soil. These abilities allowed law enforcement retrieve private information on current United States citizens and foreign United States visitors without their knowledge and without a probable cause. After the event of September‚ 11th‚ the
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CORPORATE FINANCE Master in Banking and Finance 2012 FINAL EXAM A. PROBLEMS (20 points each problem) 1. FAGE Manufacturing is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. Although investors currently expect FAGE to remain an all-equity firm‚ the company plans to announce that it will borrow $50 million and use the funds to repurchase shares. FAGE will pay interest only on this debt‚ and it has no further plans to increase or decrease
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Organic Chemistry‚ Fourth Edition Janice Gorzynski Smith University of Hawai’i Chapter 1 Lecture Outline Prepared by Layne A. Morsch The University of Illinois - Springfield Copyright © 2014 The McGraw-Hill Companies‚ Inc. Permission required for reproduction or display. 1 Bonding • Bonding is the joining of two atoms in a stable arrangement. • Through bonding‚ atoms attain a complete outer shell of valence electrons (stable noble gas configuration). • Atoms can form either ionic or covalent
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Case Study #2 : Franklin vs. Gwinnett County Public Schools 1.) Name of the Defendant: North Gwinnett High School 2.) Name of the Plaintiff: Christine Franklin 3.) Name of the court: Supreme Court 4.) Date of the Decision: February 26‚ 1992 5.) Summary of the facts of the case: Breaking down the case being highlighted here‚ Christine Franklin was a sophomore at North Gwinnett High School back in 1986. While attending that year‚ she claimed to have been sexually harassed
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The overall theme of the book is individual rights vs public order. Individual rights seek to protect personal freedoms within the process of criminal justice whereas the public order believes that under certain circumstances where a criminal threat to public safety is the interests of society should take precedence over individual rights either way there is protection of rights to the offender an example would be when Chris Brown was charged with battery and assault in this case i think that he
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Value vs. Growth Strategy Professor: Dr. M. Kamstra Class: FINE 6500 A Due: November 23‚ 2014 Students: Harivan Jaffer 213882279 Jeremy Foster 207012370 Zefu Chen 213160999 In the traditional finance theories‚ investors are thought to act rationally so as to maximize their return and that emotions and behavior have no real affect on the trading of equities and other investments. However‚ there are ways and strategies that take advantage and prevent some of these cognitive shortcomings
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