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第四篇资本结构和股利政策第十四章长期融资简介章节概要141 普通股142 企业长期负债143 优先股144 融资模式145 资本结构的最新趋势146 本章小结141 普通股面值和非面值股额定发行股票和已发行股票资本盈余留存收益市场价值、票面价值和重置价值股东权利股利股票种类面值和非面值股每张股票都设有一固定价格,即所谓的“面值”。面值是账面价值不是市场价值总面值(股票数目*每股的面值)称为的“
Click mon Corporate Long-Term Debt: The Preferred Patterns of Recent Trends in Capital Summary and Conclusions_view04Shareholders RightsA proxy is the legal grant of authority by a shareholde
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Click 1What is Corporate FinanceTotal Firm Value to Investors:The Capital Budgeting DecisionLong-Term DebtFixed Assets1 Tangible2 Intangible50 DebtChairman of the Board and Chief Executive Officer (CE
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Click 1616-316-5 20 =Selfish Strategy 2: UnderinvestmentExpected CF from the government sponsored project:To Bondholder = 300To Stockholder = ( 350 – 300) = 50PV of Bonds Without the Project = 200
Click 44-3In the one-period case the formula for PV can be written as:4-8Future Value andpounding54-15A reasonable question to ask in the above example is what is the effective annual rate of inte
单击此处编辑母版标题样式单击此处编辑母版文本样式第二级第三级第四级第五级第七章 长期融资一债券债券:是社会各类经济主体为筹措资金而向投资者出具的承诺按一定利率定期支付利息的并到期偿还本金的债权债务凭证债券特征:本金到期一次支付利息在借款期限内等额分期支付年初发行利息和本金在年末支付不存在所得税 分类:安全性条款:信用债券担保债权优先性条款:优先债券次级债券利率支付条款:固定利率和可变利率和零
levelMaking Capital Investment DecisionsWhen performing capital budgeting analysis:Always base calculations on cash flow not ieEarnings ≠ CashNeed cash for capital spendingNeed cash for rewarding
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