by- g 6 envensebles
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Dip Murmu & Md. Abadullah Miah
Neamur Rabbi & Md. Azad Khan
Anik Costa & Tanvir Hasan Plabon
Tarikul Islam Tarif
Md. Jakir Hossain Khan & Dilruba Jahan
Shanjida Afrin & Md. Rajib
Fixed Income securities- Analysis and Valuation. Very useful for CFA and FRM level 1 preparation candidates. For a more detailed understanding, you can watch the webinar video on this topic. The link for the webinar video on this topic is https://www.youtube.com/watch?v=r9j6Bu3aUNI
Fixed Income securities- Analysis and Valuation. Very useful for CFA and FRM level 1 preparation candidates. For a more detailed understanding, you can watch the webinar video on this topic. The link for the webinar video on this topic is https://www.youtube.com/watch?v=r9j6Bu3aUNI
capital structure
,
goals and significance of capital structure
,
target capital structure
,
does capital structure matter
,
modigliani and miller theory
This presentation covers the basics of Dividend Discount Model (DDM). Firstly, fundamental formula for valuing a stock using DDM is discussed. After that, 3 cases i.e DDM for zero growth, constant growth, and variable growth stocks, are discussed.
The presentation slide is on stock valuation. We have tried to present the various techniques to stock valuation under which different methods are discussed with illustrations. Key concepts:
Zero Growth Model
Balance sheet Technique
Constant Growth Model
Two-stage growth Model
Feel Free to comment.
Managerial Finance. "Risk and Return". Types of risk. Required return. Correlation. Diversification. Beta coefficient. Risk of a portfolio. Capital Asset Pricing Model. Security Market Line.
This slide set is a work in progress and is embedded in my Principles of Finance course that I teach to computer scientists and engineers.
http://awesome.weebly.com/
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
What is Dividends
Types of cash dividends
Procedure for Dividend Payment
Ex-Dividend Date Is Important
Do Dividends Matter ?
DIVIDEND THEORIES
DIVIDENDS AND THE REAL WORLD
Dividends And Signaling
CLIENTELE EFFECT HYPOTHESIS
DIVIDEND POLICY PRACTICE
Residual dividend policy
DIVIDEND AND INVESTMENT POLICY
KEY FACTORS THAT INFLUENCE DIVIDEND POLICY
capital structure
,
goals and significance of capital structure
,
target capital structure
,
does capital structure matter
,
modigliani and miller theory
This presentation covers the basics of Dividend Discount Model (DDM). Firstly, fundamental formula for valuing a stock using DDM is discussed. After that, 3 cases i.e DDM for zero growth, constant growth, and variable growth stocks, are discussed.
The presentation slide is on stock valuation. We have tried to present the various techniques to stock valuation under which different methods are discussed with illustrations. Key concepts:
Zero Growth Model
Balance sheet Technique
Constant Growth Model
Two-stage growth Model
Feel Free to comment.
Managerial Finance. "Risk and Return". Types of risk. Required return. Correlation. Diversification. Beta coefficient. Risk of a portfolio. Capital Asset Pricing Model. Security Market Line.
This slide set is a work in progress and is embedded in my Principles of Finance course that I teach to computer scientists and engineers.
http://awesome.weebly.com/
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
What is Dividends
Types of cash dividends
Procedure for Dividend Payment
Ex-Dividend Date Is Important
Do Dividends Matter ?
DIVIDEND THEORIES
DIVIDENDS AND THE REAL WORLD
Dividends And Signaling
CLIENTELE EFFECT HYPOTHESIS
DIVIDEND POLICY PRACTICE
Residual dividend policy
DIVIDEND AND INVESTMENT POLICY
KEY FACTORS THAT INFLUENCE DIVIDEND POLICY
This is the fourth presentation for the University of New England Graduate School of Business unit, GSB711 - Managerial Finance. This presentation looks at returns on different types of investment.
1.A proxy fight occurs when a competitor offers to sell t.docxhacksoni
1.
A proxy fight occurs when:
a competitor offers to sell their ownership interest in the firm.
the board of directors disagree on the members of the management team.
a group solicits voting rights to replace the board of directors.
the firm is declared insolvent.
the firm files for bankruptcy.
2.
The process of planning and managing a firm's long-term assets is called:
capital structure.
capital budgeting.
working capital management.
financial depreciation.
agency cost analysis.
3.
Which one of the following actions by a financial manager creates an agency problem?
agreeing to pay bonuses based on the market value of the company’s stock
refusing to borrow money when doing so will create losses for the firm
agreeing to expand the company at the expense of stockholders' value
increasing current costs in order to increase the market value of the stockholders' equity
refusing to lower selling prices if doing so will reduce the net profits
4.
Which one of these is a cash outflow from a corporation?
sale of an asset
dividend payment
profit retained by the firm
sale of common stock
issuance of debt
5.
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually.
If you made a $66,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Difference in accounts
6.
Gerold invested $125 in an account that pays 5 percent simple interest. How much money will he have at the end of 7 years?
$160.31
$168.75
$155.00
$175.50
$162.50
7.
What is the present value of $12,450 to be received 5 years from today if the discount rate is 4.75 percent?
$10,340.78
$9,871.86
$13,105.26
$9,761.00
$9,773.15
8.
One year ago, you purchased 300 shares of IXC stock at a price of $22.05 per share, received $460 in dividends over the year, and today sold all of your shares for $29.32 per share. What was your dividend yield?
5.87%
5.23%
1.92%
6.95%
2.48%
9.
One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total dollar return per share to date from this investment?
rev: 06_21_2016_QC_CS-54260
$2.50
$3.40
$2.10
$3.70
$3.80
10.
Which one of these accounts is classified as a current asset on the balance sheet?
accounts payable
preferred stock
net plant and equipment
inventory
intangible asset
11.
Net working capital is defined as:
current assets plus stockholders' equity.
current assets minus current liabilities.
fixed assets minus long-term liabilities.
total assets minus total liabilities.
current assets plus fixed assets.
12.
Which one of the following accounts is included in stockholders' equity?
intan ...
statement of cash flow and statement of retained earnings.sabaAkhan47
its a lecture on statement of cash flow....in this lecture the following things are explained...
1) objectives of cash flow.
2) purpose and uses of cash flow.
3) methods to determine net cash flow
4)relation between different statements...
5) statement of retained earnings,
6) and a case study of D'Leon Inc.
7)security,debt security, equity security, amortization,accruals.
STR 581 Capstone Final Examination, Part 2 - STR 581 Capstone Final Examinati...Transweb E Tutors
Transweb E Tutors provides the finest assignments and Homework help for STR 581 Capstone Final Examination, Part Two. Come to get the all Course matters and weekly assignments of STR 581 Capstone Final Examination of all part at the Transweb E Tutors. Find the STR 581 capstone final examination part 2 questions and their answers for free.
http://www.transwebetutors.com/University-of-phoenix/STR-581-Week-4-Capstone-Final-Examination-Part-Two.html
Dividend Policy resolves two questions:
Question 1: Does dividend policy affect firm value?
Question 2: If so, What is the optimal level of distribution ratio i.e., % Net Income to be distributed as dividend (Payout ratio). These issues are discussed under Irrelevance Theories (Modigliani and Miller’s Model) and
Relevance Theories (Walter’s Model , Gordon’s Model)
Tnx group 15
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
MD: AL AMIN
SAIFUL ISLAM
RUKSANA PARVIN RUPA
SHAMIM MIA
LIMA AKTER
by-group 9
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Md. Imran Hossain
Rima Binte Rahamot
F.M. Alimuzzaman
Md.Sultan Mahmud
Md. Al-Amin
Robiul IsLAm
Tamanna Toma
Md. Junayed Hossain
Yousuf Chowdhury
Md. Roxy Hossain
by G-10
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Rasik Rownak Hossain
Shakib Fardous
Md. Rakibul Islam
Effat Ara Saima
Rafia Sultana
Tanvir Ahmed
Md.Shahidul Islam
SK Shourov Ahemmed
Tamjedul Alam Evan
Romana Haque Saima
Sarkar Muhammad Shohag
Khademul Islam
Jannatul Ferdous
Sheikh Hamim Hasan
Toufique Ul Haque Tuhin
Kerobin Hasda
Prepared by Students of University of Rajshahi
Pranto Karmoker Ariful Islam Tonmoy Halder Monir Hossain
1711033122 1710733119 1710833120 1711033205
Ashikur Rahman Mahfuzul Haque Jibon Rahman Sohag Miah
1710133113 1710933297 1711033210 1710933202
Siam Hossain Shammira Parvin Farhana Afrose Anjuman Ara
1710333148 1712033136 1712033209 1712433159
Shakil Hossain
1710833138
presented by Group 2
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Shahin Islam
Aslam Hossain
Shahidul Islam
Amy Khatun
Sohanuzzaman Sohan
MD. Rehan
Bikash Kumar
Rahid Hasan
Ali Haider
Uttam Kumar
MD. Abdullah AL Mamun
Mamunur Rahman
presented by Mango squad
For downloading this contact- bikashkumar.bk100@gmail.com
Portfolio Management and it's objectives
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
K.M.Nafiz
Risul Islam Tonu
Saiful Islam
Md Ismail Hossain
Rajib Hossain
Md Mamun Islam
Sadrul amin
Khairul Basar
Md. Faysal Alam
Md. Nazrul Islam
Sadia Afrin
Zannatul Ferdous Labonno
Farhana Akter
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
3. Unlike bonds, valuating common stock is more difficult
why?
• The timing and amount of future cash flows is not
known
• The life of investment is essentially forever
• There’s no way to observe the rate of return that the
market requires
3
4. CommonStock
Valuation
To help us value a dividend of a stock, we need
to make three simple assumptions about the
pattern of future dividend
The three cases are ,
• The dividend has zero growth rate
• The dividend grows at a constant rate
• The dividend grows at a constant rate after
some length of time
4
5. Common Stock Features
• The term common stock usually implies that the shareholder
has no special preference either in dividend or in bankruptcy
• Shareholders however control the corporation through their
rights to elect the directors. The directors in turn hire
management to carry out their directives.
• Directors are elected on an annual shareholders’ meeting by
a holding of a majority of shares present and entitled to vote.
5
Share holders usually have the
following rights also
Right to share proportionally in dividends
Right to share proportionally in assets remaining after
liabilities and preferred shareholders have been paid in
liquidation
Right to vote on stockholder matters of great
importance such as merger or new share
issuance
6. Classes of Common Stock
• Some firms have more than one class of common stock;
often, the classes are created with unequal voting rights.
• Canadian tire corporation is an example of a company
with non-voting common stock trading in the market
• Non-voting shares must receive dividends no lower than
voting shares.
• A primary reason for creating dual classes of stock has to
do with control of the firm
6
7. Anik Costa & Tanvir Hasan Plabon
1711033189 1710233164
7
8. Zero Growth Model
The zero growth dividend growth model assumes that the stock will pay the
same dividend each year, year after year.
Formula:
Po= D1/r
Example: The dividend of Denham Company, an established textile manufacture
is expected to remain constant at $3 per share indefinitely. What is the value of
Denham’s stock if the required return demanded by investors is 15%?
8
9. Constant Growth Model
The constant dividend growth model assumes that the stock will pay dividends
that grow at a constant rate each year , year after year forever.
Formula
Po= D1 / (r-g)
For example, consider a company that pays a $5 dividend per share, requires a
10 percent rate of return from investors and is seeing its dividend grow at a 5
percent rate . what is the value of that company share?
9
11. CostofNew
Equity
The cost of a newly issued common
stock that takes into account the
flotation cost of the new issue
11
12. Flotation Cost
Flotation costs are incurred by a publicly treaded company when it issues new Securities and includes expenses such as
underwriting fees legal fees and registration fees
12
The following formula is used to calculate cost of new equity:
Cost of New Equity = D1 + g
P0 × (1 − F)
Where,
D1 is dividend in next period
P0 is the issue price of a share of stock
F is the ratio of flotation cost to the issue price
g is the dividend growth rate
XY Systems raised $300 million in fresh issue of commons stocks. The issue price was $25
per share, 4% of which was paid to the investment bankers. The company is expected to
pay $2 in dividend per share next year. Dividends are expected to increase by 5% per year.
Calculate the cost of new equity and compare it to the cost of (existing) equity
16. Infinite Period Dividend
Discount Model and
Growth Companies
16
1.Dividend grow at a constant
rate.
2.The constant growth rate will
continue for an infinite period.
3.The required rate of return (k)
is greater than the infinite
growth rate (g). If it is not, the
model gives meaningless result
because the denominator
becomes negative.
17. Present value of
operating free cash
flow
17
In this model, you are delivering the value of the total
firm because you are discounting the operating free cash
flow prior to the payment of interest to the debt holders
but after deducting funds needed to maintain the firms
asset base(capital expenditures).Also you are discounting
the firms total operating free cash flow, you would use
the firms weighted average cist of capital(WACC)as your
discount rate. So, once you estimate the value of the total
firm, you subtract the value of debt, assuming your goal
is to estimate the value of the firms equity.
18. 18
The total value of the firm is equal to:
Vj= ƩOFCFt/(1+WACCj)^t
Where:
Vj=Value of the firm
n=Number of periods assumed to be infinite
OFCF=Operating free cash flow at the period 't'.
WACCj=Firms 'j' Weighted average cost of capita
19. Present value of free
cash flows to equity
19
The third discounted cash flow technique deals with free cash flows
to equity, which would be derived after operating have been adjusted
for debt payments(interest and principal).Also, these cash flows
precede dividend payments to the common stockholder. Such cash
flows are referred to as free because they are what is left after
providing the funds needed to maintain the firms asset base(similar
to the operating free cash flow).They're specified as free cash flows to
equity because they also adjust for payments to debt holders and to
preferred stockholders. Notably, because these are cash flows
available to equity owners, the discount rate used is the firms cost of
equity (k) rather than firms WACC.
27. Price/CF Ratio
27
The price-to-cash flow (also denoted as price/cash flow or P/CF)
ratio is a financial multiple that compares a company’s market value
to its operating cash flow (or the company’s stock price per share to
its operating cash flow per share)
28. Price-to-Sales (P/S) Ratio
The price-to-sales (P/S) ratio is a valuation ratio that
compares a company’s stock price to its revenues. It is an
indicator of the value placed on each dollar of a company’s
sales or revenues.
28