FINA1003 / FINA1310 CORPORATE FINANCE
Faculty of Business and Economics
University of Hong Kong
Dr. Shiyang HUANG
Lecture 6: Risk and Return
Course Overview
Introduction
Part I: Valuation
Time Valu
Tutorial 4
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1003/1310 G Corporate Finance
2nd SEMESTER, 20162017
Chapter 7 Interest Rates and Bond Valuation (Part II)
7.2 More abou
Tutorial 3
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1003/1310 EF_G Corporate Finance
2nd SEMESTER, 20162017
Chapter 7 Interest Rates and Bond Valuation (Part I)
Texas Instr
Tutorial 4.5
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1003/1310 G Corporate Finance
2nd SEMESTER, 20162017
Chapter 9 Net Present Value and Other Investment Criteria
> 9.1 N
Section A (54 points)
Please only choose one appropriate answer for each question and put it in the cell of
third page.
WARNING: Answers marked in the MC Questions will not be graded.
1. Sam, Tom, and
his a n er is not to be removed from the Examination Halls
UNIVERSITY OF HONG KONG FINA1003_1310_CD
Corporate Finance
Wednesday, 26 October 2016: 17:30 to 19:30
Candidates should answer ALL the quest
Chapter 5 Question 1
First Bank: After 10 years you will have $9,000
Second Bank: After 10 years you will have $10,794.62.
Chapter 5 Question 2
FV = $ 6,419.51
FV = $ 14,999.39
FV = $687,764.17
FV = $
Chapter 10, Conceptual and Critical thinking Question 5
The EAC approach is appropriate when comparing mutually exclusive projects
with different lives that will be replaced when they wear out.
Assumi
Tutorial 1
Please answer the following questions are good practice on your understanding of
PV and FV. Besides using PV and FV formulas, please try to use the PVIF and FVIA
tables in your textbook to
Chapter 11, Problem 3
Best case: Unit sales = 109,250, Unit price = $2,185, Unit
variable cost = $204, Fixed cost = $4,080,000
Worst case: Unit sales = 80,750, Unit price = $1,615, Unit
variable cost
Tutorial 4.5
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1003/1310 G Corporate Finance
2nd SEMESTER, 20162017
Chapter 9 Net Present Value and Other Investment Criteria
9.1 Net
Tutorial 2
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1003/1310 EF_G Corporate Finance
2nd SEMESTER, 20162017
Chapter 6 Discounted Cash Flow Valuation
Texas Instruments BAII
KEY EQUATIONS
cfw_CHAPTER 2
1. The balance sheet identity or equation:
Assets = Liabilities
+ Shareholders equity [2.1]
2. The income statement equation:
Revenues Expenses = Income [2.2]
3. The cash o
FINA1003 / FINA1310 CORPORATE FINANCE
Faculty of Economics and Finance
University of Hong Kong
Dr. Yang SUN
Lecture 2: Overview of Corporate Finance
Key Takeaways
Questions of Corporate Finance
Role
FINA1003 / FINA1310 CORPORATE FINANCE
Faculty of Business and Economics
University of Hong Kong
Dr. Yang SUN
Lecture 6: Interest Rates and Bond Valuation
Course Overview
Introduction
Part I: Valuati
FINA1310
October 6, 2017
Chapter 12 Some Lessons from Capital Market History
Summary and conclusions of chapter 8
 Stock price = present value of all future dividend
 Stock pricing models
o Zero gro
Manhattan Island Sale
Peter Minuit bought Manhattan Island for $24 in
1626. Was this a good deal?
1
Chapter 5: The Time Value of Money
FINA1310 Corporate Finance
Faculty of Business and Economics
Univ
Table of Contents
Equations.2
Problems:.3
Note.4
Equations
Find number of Periods t
Given that: FV = PV (1+r)t,
FV
(1 r ) t
PV
FV
ln(
) ln( 1 r ) t
PV
FV
t ln(
) / ln( 1 r )
PV
Problems:
T2Q2
T3Q4
A1S
CHAPTER 2
l. The balance sheet identity or equation:
Assets = Liabilities
+ Shareholders equity [2.1]
2. The income statement equation:
Revenues ExpenSes = Income [2.2]
3. The cash ow identity:
Cash o
B2
APPENDIX B
Key Equations
14. The receivables turnover ratio:
2. The internal growth rate:
Receivables turnover
Sales
_
Accounts receivable
15. The days sales in receivables:
[3.15]
[3.16]
Net fixe
B
KEY EQUATIONS
Assets Liabilities
! Shareholders equity
[2.1]
Income
[2.2]
3. The cash flow identity:
Cash flow from assets
Cash flow to creditors !
Cash flow to stockholders
[2.3]
where
a. Cash flow
THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
FINA1003/1310A/B/C Corporate Finance
FIRST SEMESTER, 20152016
Tutorial 1 Lecture 3 Introduction to Valuation: Time Value of
Money (Chapte
THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
FINA1003/1310J/K Corporate Finance
SECOND SEMESTER, 20142015
Homework Assignment 3
Due Date: 30th April, 2015 (Thursday) by 12noon
Please
2016321
Fina1310 midterm concept revision
 An indenture is the legal agreement between the bond issuer and the
bondholders.
 registered form: The form of bond issue
in which the registrar of
the co
Tutorial 4
1. Consider a two year coupon bond that pays interest annually.
Let
c = coupon rate
F = face value
B = market price of the bond
r = market yield (this is the discount rate investors in the
 Tue morning
 Fri evening
KK1026
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1310AB Corporate Finance
st
1 SEMESTER, 20172018
Tutorial 1
Chapter 5: The Time Value of Money

THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
FINA1310CD Corporate Finance
1St SEMESTER, 20172018
Tutorial 6 Solutions
Q_u_e_s_t.i_0_ru
We are given the expected return and [5 of a
Surname First name
Email addrGroup
Choice
Lo
Chak Chiu
Leung
Kwok Sum
Hui
Chi Ho
Wu
Pak Cheong
Lam
Chui Wing
Tong
Ka Po
Ma
Chuangsen
Mok
Brian CheukYiu
So
Wang Ho
Yau
Kwong Ming
Salihu
Arieta
Lau
Yan
THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
FINA1310CD Corporate Finance
1st SEMESTER, 20172018
Assignment 3: Chapter 1213
Due Date: 8th Nov (Wednesday), 18:00
Instructions for thi
THE UNIVERSITY OF HONG KONG
The School of Economics and Finance
FINA1310CD Corporate Finance
1st SEMESTER, 20172018
Tutorial 7 Solutions
Question 1
Project A: Cash Flow = 30,000 + 18,000 = 48,000
Pay