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Chapter8a+notes - Chapter 8 Fundamentals of Capital...

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Chapter 8 Fundamentals of Capital Budgeting
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Spring 2009 2 Focusing Question China Unicom spends 18.7 billion yuan on its wireless network in 2008 and plans to increase its capital expenditure to 100 billion yuan for 2009 and 2010. How does China Unicom determine this capital budget, and why its stock price fell at the announcement?
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Spring 2009 3 Course Plan Financial Management Foundation and Tools Valuation Short-term Financial Management Risk and Return Long-term Financing Decisions Financial Statement Analysis Capital Budgeting Working Capital Management Cost of Capital Capital Structure Valuation Principle Time Value of Money Bonds and Stocks Payout Policy Investment Decision Rules
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