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Unformatted text preview: Week 1 FedEx MVA and TSR From Lecture Notes in Doc Sharing MVA is : Part 1 less Part 2 (P1=or =TCId+TCIe) Part 1 = number of shares issued capitalization in Yahoo) + MVdebt NOTE: MC is defined in the proble Part 1 = $29b + MVd Part 2 = TCId + TCIe
MC (in billions) MVd (billions) TCId (billions) TCIe (billions) MVA 2007 Values $29b Formulas and Notes (See Lecture Notes) Sum of liabillities on the Consolidated Balance Sheets (Total current liabilities + Long-Term Debt, Less C same as MVd Sum of Common stock + Additional paid-in capital on the Consolidated Balance Sheets MVA = $29b + MVd TCId TCIe MVA = MC + MVd - TCId - TCIe (Found on page 15 of the textbook) Now put together: TSR (Found on Page 15 of your text) 12/13/2006 stock price 8/13/2007 stock price Captial gain (loss) for 8 months ending 8/13/2007 6/7/2007 dividends 3/8/2007 dividends Dividends received during investment period: Net gain (loss): Percentage holding loss: Annualized loss: Find by using the historical data tables in Yahoo Find by using the historical data tables in Yahoo 12/13/2006 stock price - 8/13/2007 stock price (express loss as a negative number) Find by using the historical data tables in Yahoo Find by using the historical data tables in Yahoo 6/7/2007 dividends + 3/8/2007 dividends -(capital gain) less (dividends) = total loss total gain/loss divided by (12/13/2006 stock price) = loss for 8 months (move decimal points two places to the right to create the percent) percent holding loss, first divided by 8, then multiplied by 12 = annualized loss om Lecture Notes in Doc Sharing: VA is : Part 1 less Part 2 (P1=or MC + MVd) less (P2 CId+TCIe) art 1 = number of shares issued * share price (called market pitalization in Yahoo) + MVdebt OTE: MC is defined in the problem as $29billion therefore: art 1 = $29b + MVd art 2 = TCId + TCIe ow put together: liabilities + Long-Term Debt, Less Current Portion + Total other long-term liabilities) ed Balance Sheets VA = $29b + MVd TCId TCIe gative number) ...
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This note was uploaded on 11/13/2010 for the course IT 6410 taught by Professor Bebble during the Spring '10 term at Walden University.
- Spring '10