Stock Valuation: Example
Assume that Blue Sky has expected eps of
$5 next year and a discount rate of 12%.
Case 1- A payout ratio of 100%.
Case 2- payout ratio of 60% & ROE on new i
nvestment is 10%.
Case 3 - payout ratio of 60% and ROE on n
ew investment
Stock Valuation: Example
Assume that Blue Sky has expected eps of $5
next year and a discount rate of 12%.
Case 1- A payout ratio of 100%.
Case 2- payout ratio of 60% & ROE on new
investment is 10%.
Case 3 - payout ratio of 60% and ROE on new
investment i
Peters replies on students questions
CHAPTER ONE
1. Why profit maximization is not equal to value maximization?
Market value basically reflects a companys performance. However, profit might not
be a good indicator of a companys performance because a large
Extra exercise on Bond Valuation
1. Hutchison corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.3
percent, and a current price of $1,075. The bonds make semiannual payments. What must the
coupon rate be on these bonds? (Answer: 8
Chapter 6
Integer Programming
Introduction
When one or more variables in an LP problem
must assume an integer value we have an
Integer Linear Programming (ILP) problem.
ILPs occur frequently
Scheduling workers
Manufacturing airplanes
Integer variables als
Baccarat (basic analysis)
Dr. Rose, Liu
QMDS302
1
objectives
Understand the Baccarat layout and rules and
demonstration
Know how to conduct the Game analysis
House advantage of each bet option
Standard deviation of unit bet win on each bet option
Know how
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Tak jarang kita sering melihat bahkan mungkin sudah pernah mengonsumsinya di rumah makan atau acara pesta
tanpa sepenuhnya menyadari kehadiran ba