Corporate Valuation Takeover Ex
Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (3.49 MB, 64 trang )
CorporateValuationandTakeover:
Exercises
RobertAlanHill
Downloadfreebooksat
Robert Alan Hill
Corporate Valuation and Takeover
Exercises
2
Download free eBooks at bookboon.com
Corporate Valuation and Takeover: Exercises
© 2012 Robert Alan Hill & bookboon.com
ISBN 978-87-403-0113-7
3
Download free eBooks at bookboon.com
Corporate Valuation and Takeover: Exercises
Contents
Contents
1
2
About the Author
7
Corporate Valuation and Takeover: Exercises
8
Part I: An Introduction
8
An Overview
9
Introduction
9
Modern Finance: A Review
10
Exercise 1: Corporate Valuation and Takeover: A Review
11
Summary and Conclusions
12
Selected References
14
Part II: Share Valuation heories
15
How to Value a Share
16
Introduction
16
www.sylvania.com
We do not reinvent
the wheel we reinvent
light.
Fascinating lighting offers an ininite spectrum of
possibilities: Innovative technologies and new
markets provide both opportunities and challenges.
An environment in which your expertise is in high
demand. Enjoy the supportive working atmosphere
within our global group and beneit from international
career paths. Implement sustainable ideas in close
cooperation with other specialists and contribute to
inluencing our future. Come and join us in reinventing
light every day.
Light is OSRAM
4
Download free eBooks at bookboon.com
Click on the ad to read more
Corporate Valuation and Takeover: Exercises
3
4
5
Contents
Exercise 2: he Dividend Yield, Cover and the P/E Ratio
18
Summary and Conclusions
19
Selected Reference
19
he Role of Dividend Policy
20
Introduction
20
Exercise 3.1:he Gordon Growth Model
20
Exercise 3.2: Gordon’s ‘Bird in the Hand’ Model
21
Exercise 3.3: Growth Estimates and the Cut-Of Rate
23
Summary and Conclusions
26
Selected References
26
Dividend Irrelevancy
27
Introduction
27
Exercise 4.1: Dividend Irrelevancy
28
Exercise 4.2: he MM Dividend Irrelevancy Hypothesis
30
Summary and Conclusions
33
Selected References
34
Part III: A Guide to Stock Market Investment
35
Stock Market Dynamics: An Illustration
36
360°
thinking
.
Discover the truth at www.deloitte.ca/careers
© Deloitte & Touche LLP and affiliated entities.
5
Download free eBooks at bookboon.com
Click on the ad to read more
