Corporate Finance
Capital Structure
Learning Objectives:
Understand the effect of including taxes and financial distress
in capital structure determination
Able to articulate the various theories to explain the optimal
capital structure
1
Corporate Taxes
Assignment Cover Sheet
When submitting your assignment it must be accompanied by this Assignment Cover Sheet.
Please make sure that you complete all of the details correctly.
Provide ALL details requested on this form.
Use one form for each assignment.
COMMUNICATION IN BUSINESS 100
ASSESMENT 2: Business Submission
Student Name:
Tan How Ann
Student Number:
700017756
Students Email Address:
700017756@student.curtin.edu.my
Tutors Name:
Perter Lim
Tutorial Day and Time:
Tuesday, 12.00pm
Name of Company:
App
Seni Lukis
Pada zaman Akbar, Institusi Lukisan Mughal ditubuhkan yang
bertujuan untuk menentukan gaya lukisan Islam dan Hindu. Kesan
daripada penubuhan institusi ini, telah menarik minat ramai pelukis
Hindu untuk mempelajari seni ini dan sejajar dengan it
Affix Date
Stamp Here
FNCE2003 Managerial Finance
SEM 2, 2016 ASSIGNMENT COVER
SHEET
Name: Tan How Ann
18871605
Student ID
Name:
Student ID
Name:
Student ID
Name:
Student ID
Name:
Student ID
(If the given name by which your tutor knows you, differs from y
Unit: MU1 3123-Tamadun Islam & Tamadun Asia
Tajuk Tugasan: Proposal Monument (Persopolis)
Tarikh Penyerahan:
Masa Kelas: Rabu 8.30-11.30
Nama
Perth ID
Miri ID
Bryant Ng Wei Liang
18770362
700015091
Noor Hanim Khaleeda Ismail
18907746
700015864
Isabel Tan
Assignment Cover Sheet
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Sheet.
Please make sure that you complete all of the details correctly.
Provide ALL details requested on this form.
Use one form for each assignment.
Case Study
Berjaya Auto Berhad
(KLSE: BJAUTO,5248)
Corporate Finance FNCE 3000
Name
Tan How Ann
Student ID
18871605
Tutors Name: Mr Md Saifur Rahman
Tutorial Day: Friday
Tutorial Time: 10am 11am
(3216 Words)
Introduction
Berjaya Auto Berhad (BAuto) was in
Review On the Factor
That Effect the Wealth of
the Shareholders During
the event of Merger and
Acquisition
Name: Tan How Ann
Student ID: 18871605 / 700017756
Abstract
Understand the factors that affects the shareholder wealth during the event of merger
an
Assignment 2
Introduction to Derivative Securities-INVE3000
Name: Wenwen HUANG
Student ID: 17318800
Tutorial time: 9am-10am. Tuesday
Question 1:
The intrinsic value is the difference between the underlyings price and the strike
price. Specifically, the in
Assignment 2 [4th June, 5pm]
Introduction to Derivative Securities INVE3000
Assignment should be submitted in the box provided in 402-512 [Bentley Campus only]
by the due date.
NOTE: Penalty will apply for late submission.
Question 1: Currency Options
1.
Question1:
Consider a bakery that estimates its requirement of wheat in May as 50,000 bushels. The
manager of the bakery can hedge against price risk by going long on 10 May wheat futures
contracts at the currently prevailing futures price of $8.65 a bush
11 Option
Payoffs and
Option
Strategies
Answers to Questions and Problems
1. Consider a call option with an exercise price of $80 and a cost of $5. Graph the profits and losses at expiration for various stock prices.
73
74
CHAPTER 11
OPTION PAYOFFS AND OP
Communication in Business
Semester 1, 2016
Assessment One: Critical Essay
First Name:
Tan
Last Name:
How Ann
Student ID:
700017756
Email:
700017756@student.curtin.edu.my
Unit Name:
Communication in Business
Unit Code:
MGMT1001
Assignment Title:
Assignment
Group Project Cover Sheet Financial Instruments & Markets
Name
Student ID
Contribution
1
1
2
3
2
1
2
3
3
1
2
3
4
1
2
3
Signature
Comments:
Contribution Key: (1) Did less than fair share, (2) Did fair share, (3) Did
more than fair share. Recall that there
Properties of Stock
Options
Chapter 10
Fundamentals of Futures and Options Markets, 8th Ed, Ch 10, Copyright John C. Hull 2013
1
Notation
c : European call
option price
p : European put
option price
S0 : Stock price
today
K : Strike price
T : Life of opt
Corporate Finance
Dividend policy
Learning Objectives:
Understand the various forms of dividends
Differentiate between share repurchases versus a
cash dividend payment
Outline the arguments supporting the case for
dividend policy irrelevance and factors a
Mechanics of Futures
Markets
Chapter 2
Fundamentals of Futures and Options Markets, 8th Ed, Ch 2, Copyright John C. Hull 2013
1
Futures Contracts
Available
on a wide range of underlyings
Exchange traded
Need to define specifications:
What can be delive
Swaps
Chapter 7
Options, Futures, and Other Derivatives, 8th Ed, Ch 7, Copyright John C. Hull 2013
1
Nature of Swaps
A swap is where two parties agree to
exchange cash flows at specified
future times according to certain
specified rules
Options, Futures,
Interest Rate Futures
Chapter 6
Fundamentals of Futures and Options Markets, 8th Ed, Ch 6, Copyright John C. Hull 2013
1
Day Count Convention
Defines:
the period of time to which the interest rate
applies
The period of time used to calculate accrued
int
Introduction
Chapter 1
Fundamentals of Futures and Options Markets, 8th Ed, Ch 1, Copyright John C. Hull 2013
1
The Nature of Derivatives
A derivative is an instrument whose value
depends on the values of other more
basic underlying variables
Fundamentals
Introduction to Binomial
Trees
Chapter 12
Fundamentals of Futures and Options Markets, 8th Ed, Ch 12, Copyright John C. Hull 2013
1
A Simple Binomial Model
A
stock price is currently $20
In three months it will be either $22 or $18
Stock Price = $22
Stoc
Determination of Forward
and Futures Prices
Chapter 5
Fundamentals of Futures and Options Markets, 8th Ed, Ch 5, Copyright John C. Hull 2013
1
Consumption vs Investment Assets
Significant
numbers of people hold
investment assets purely for investment
pur
Mechanics of Options
Markets
Chapter 9
Fundamentals of Futures and Options Markets, 8th Ed, Ch 9, Copyright John C. Hull 2013
1
Types of Options
A
call is an option to buy
A put is an option to sell
Holder can only exercise a European
option at the end
Futures Options
Chapter 16
Fundamentals of Futures and Options Markets, 8th Ed, Ch 16, Copyright John C. Hull 2013
1
Options on Futures
Referred
to by the maturity month of the
underlying futures
The option is American and usually
expires on or a few da
Hedging Strategies Using
Futures
Chapter 3
Fundamentals of Futures and Options Markets, 8th Ed, Ch3, Copyright John C. Hull 2013
1
Long & Short Hedges
A
long futures hedge is appropriate when
you know you will purchase an asset in
the future and want to l
Trading Strategies
Involving Options
Chapter 11
Fundamentals of Futures and Options Markets, 8th Ed, Ch 11, Copyright John C. Hull 2013
1
Strategies to be Considered
Bond
plus option to create principal
protected note
Stock plus option
Two or more opti
Valuing Stock Options:
The Black-Scholes-Merton
Model
Chapter 13
Fundamentals of Futures and Options Markets, 8th Ed, Ch 13, Copyright John C. Hull 2013
1
The Black-Scholes-Merton
Random Walk Assumption
Consider
a stock whose price is S
In a short perio
Fin 501:Asset Pricing I
Lecture 10: Multi
Multi-period Model
Options Black
Black-ScholesScholes-Merton model
Prof. Markus K. Brunnermeier
1
Fin 501:Asset Pricing I
Binomial OptionPricing
BinomialOptionPricing
Binomial
Option Pricing
ConsideraEuropeancall