- Abandonment costs
- Accounting, lack of single truth in
- Accounts payable:
- increasing, pros and cons of
- PIPES
- Accounts receivable, PIPES pro forma monthly
- Accrual accounting methods
- Accruals, PIPES monthly pro forma accruals calculation
- Ackman, William
- Acquisitions, shopping a firm/finding a buyer in. See also Mergers; Dollar Stores
- Acronyms, trademarked
- Activity ratios
- Adjusted present value (APV)
- Agency, dividend policy and
- Agency costs
- excess cash and
- financial distress and
- manager behavior, capital structure, and
- minimizing
- Agency problems
- Amortization
- Analysis for Financial Management (Higgens)
- Annual percentage rate (APR)
- Annual reports
- Annuities
- Apple Inc.
- balance sheets, as of 2007–2011
- brief history of
- debt policy
- dividend policy
- equity policy
- excess cash
- financial policies at start of fiscal 2012
- financial policy recommendations for
- income statements, 2007–2011
- justification for financial policy recommendations for
- post Steve Jobs
- product market strategy and new product pricing
- R&D spending by
- selected ratios, 2008–2011
- sustainable growth and
- target debt strategy
- Arbitrage
- Arbitrage pricing theory (APT)
- Arithmetic mean, of market premium
- Asset beta
- Asset multiples
- Asset turnover
- Asset values, terminal values estimated with
- Asymmetric information
- firm financing and
- firm's management and investors and
- importance of, insights behind
- timing of equity issues and
- AT&T. See also MCI
- Apple's dividend policy vs. dividend policy of
- background on
- cash flow statements, 1978–1983
- decrease in market capitalization
- income and balance statements, 1979–1983
- major divestitures of
- “new,” accuracy of projections
- “new,” development of pro formas, 1984–1988 (expected-case)+
- “new,” expected-case, worst-case scenarios for
- “new,” financial policies of
- “new,” pro forma balance sheets, 1984–1988
- “new,” pro forma cash flow statements 1984–1988
- “new,” pro forma income statements, 1984–1988
- “new,” projected sources of financing
- “old,” additional selected ratios, 1979–1983
- “old,” debt policy of
- “old,” debt ratio calculation
- “old,” dividend policies
- “old,” equity policy
- “old,” financial objectives of
- “old,” financial policies of
- “old,” fitting financial policies to corporate financial needs
- “old,” sustainable growth
- “old” to “new,” financial (ratio) impact of product market changes
- Auto purchase, cost of debt and
- Average method (VG)
- “Baby Bells”
- Backdoor equity
- Balance sheets:
- Apple Inc.
- AT&T
- cash flows in valuation
- Congoleum
- Family Dollar
- Marriott Corporation
- Massey Ferguson
- MCI
- PIPES
- Sungreen Corporation (fictional)
- typical
- Bank debt
- Bank of America
- Bankruptcy
- cost of debt and
- direct and indirect costs of
- financial distress and
- Barra Inc.
- Basic business risk (BBR)
- Bath Iron Works
- Behavioral finance
- Bell, Alexander Graham
- Bell System
- Berra, Yogi
- Beta
- in CAPM formula
- of cash
- debt added to firm and
- definition of
- impact of change on
- risk return spectrum and
- unlevering and relevering
- Black, Conrad
- Black, Fischer
- Block trades
- Board of directors:
- choosing, and voting by
- fiduciary responsibility of
- Bonds:
- beta of, changes in market returns and
- callable
- convertible
- extinguishing
- original issue discount
- Book leverage
- Bouchard, Andre
- Bricklin, Dan
- Burn rates
- Bush, George W.
- Business press
- Business Week
- Calbert, Michael
- Callable bonds
- Call provision
- Capital, cost of
- Capital Asset Pricing Model (CAPM)
- Capital expenditure (CAPEX)
- calculating from pro forma statements
- MCI
- Capital gains
- deferring, impact of
- dividend tax rates and
- Capital intensity
- Capital market:
- AT&T and
- imperfections in
- Capital structure
- agency problems and
- amount of financing required
- Apple Inc.
- changes in
- definition of
- determining, checklist for
- future opportunities and
- internal, external, and cross-sectional perspectives
- Marriott Corporation case study
- M&M and irrelevance of
- optimal
- pecking order theory of
- setting, in practice
- suboptimal, excess cash and
- target setting for: checklist
- textbook view of
- Cash. See also Cash flows; Cash flow statements; Excess cash
- beta of
- survival of firm and
- Cash cycle, PIPES
- Cash dividends
- Cash flow hypothesis
- Cash flows
- dividend policy and
- inflation and
- management of
- nominal or real
- nuances of
- pecking order theory and
- separating from terminal values
- signals and
- stable, profitable firms and
- timing of
- in valuation
- what is and is not included in
- Cash flow statements:
- AT&T
- MCI
- Sungreen Corporation (fictional)
- Catastrophic risk
- Catering theory
- Center for Research into Security Prices (CRSP)
- Century Capital Associates
- Certificates for amortizing revolving debits (CARDS)
- Certificates for automobile receivables (CARS)
- Chief financial officer (CFO):
- financial strategy and
- three main tasks of
- Chrysler
- Collateral evaluation
- Collateralized accrued treasury securities (CATS)
- Combination offering
- Common size balance sheets, PIPES
- Common size income statements, PIPES
- Common size ratios
- Common stock
- Comparables
- Complete market
- Compounding
- Congoleum
- balance sheet, 1979 and 1980
- balance sheets, 1973 to 1978
- basic business risk of
- details of LBO deal
- equity returns
- financing the deal
- highlights of Lazard fairness opinion
- income statements 1973 to 1978
- lead up to leveraged buyout
- patent expiration issue
- price paid to old stockholders
- pro formas
- sale of
- short history of
- value creation from LBO
- years after LBO
- Contingency contracts
- Contingency fees
- Contingent claims
- Contributed capital
- Control premiums
- Conversion price, calculating
- Convertible adjustable preferred stocks (CAPS)
- Convertible bonds
- Convertible debt
- Convertibles
- calling
- definition of
- synthetic
- Corporate finance:
- diagram of
- four objectives in, and their trade-offs
- main role of
- M&M and
- reluctance around equity issues and
- schematic
- tasks tied to primary functions of
- Corporate financial policies
- Corporate strategy
- Corporate tax rates, current federal, graduations in
- Cost of capital. See also Weighted average cost of capital
- definition of
- discount rates and
- nuances in
- Cost of debt (Kd):
- in determining WACC
- estimating project's debt rating and
- Cost of equity (Ke)
- calculating, levering and unlevering beta
- estimating, arbitrage pricing theory and
- formula for
- Cost of goods sold (COGS)
- PIPES monthly pro forma income statements and
- PIPES pro forma balance sheet, 2013
- PIPES pro forma income statement, 2013
- PIPES pro forma monthly inventory calculation, 2013
- Covenants, ratio-dependent
- Cross-sectional analysis
- Days inventory ratio
- Days payable ratio
- Days receivable ratio
- Debt:
- after-tax cost of
- before-tax cost of
- beta of
- changes in amount of
- corporate tax advantages of
- cost of
- financing with
- minimizing cost of
- profitable vs. unprofitable firms and
- relative tax advantage of
- setting capital structure and
- tax shield of
- Debt/equity:
- cost of capital and
- optimal ranges, differences by industry
- Debt/equity ratio, impact of changes in
- Debt exchangeable to common stock (DECS)
- Debt overhang
- Debt policy:
- important aspects of
- old AT&T
- Debt ratings:
- estimating, cost of debt and
- new AT&T
- Debt ratios
- of NYSE firms by industry, 2013
- reluctance to issue equity and
- Debt versus equity, issuing, empirical evidence on
- Debt-with-warrants
- Delaware, firms incorporated in
- Delaware Chancellery court
- Dell, Michael
- Depreciation
- Depreciation tax shields
- Derivatives
- Descartes' Rule of Signs
- Dilution
- Discounted cash flows
- Discount rates:
- cost of capital and
- free-cash flow techniques and
- Discounts and discounting
- Disney, Walt
- Disneyland
- Disney World
- Distressed liquidation
- Diversification, portfolio theory and
- Dividend policy(ies)
- agency and
- Apple Inc.
- cash flow and
- financial distress and
- information asymmetry and
- Marriott Corporation
- M&M and initial theory on
- “new” AT&T
- “new” MCI
- “old” AT&T
- signaling and
- taxes and
- theory of
- Dividend reinvestment plan (DRP), AT&T and
- Dividends
- cash
- as credible, simple, and visible
- disappearing, NYSE firms and
- empirical evidence on
- signaling theory for
- special
- sticky
- tax rates on
- Dodd-Frank Act
- Dollar General
- comparison between Dollar Tree, Family Dollar, and
- Federal Trade Commission and
- hostile tender offer commenced by
- managerial discretion and bid by
- proxy contest started by
- strategic rationale for Family Dollar purchase
- Dollar retailers, three largest, comparison, 2014
- “Dollar store” concept, creation of
- Dollar Stores:
- cost of capital estimations
- derivation of free cash flow formulas
- execution of merger
- history of
- strategic issues in acquisition of
- terminal values calculation
- value of
- Dollar Tree
- comparison between Dollar General, Family Dollar, and
- Federal Trade Commission and
- managerial discretion and bid by
- merger agreement between Family Dollar and
- strategic rationale for Family Dollar purchase
- Dot-coms:
- bubble
- burn rates and
- overvaluation of
- Drexel Burnham Lambert
- DuPont Formula (or Model)
- Dutch auction tenders
- Earnings before interest, taxes, depreciation, and amortization (EBITDA)
- Earnings before interest and taxes (EBIT)
- Earnings multiples
- Earnings per share (EPS)
- EBIT *, free cash flows to the firm and
- Economic value added (EVA)
- Economies of scale
- Economist, The
- Efficient markets
- Eisner, Michael
- Elliot Management
- Equity:
- beta of
- CAPM and determining cost of
- changes in amount of
- financing with
- Marriott Corporation
- “old” AT&T and
- Equity cash flows:
- in and out
- payouts of
- signals and
- Equity issues:
- asymmetric information and timing of
- AT&T and
- reluctance around, implications of
- typical
- Equity linked securities (ELKS)
- Equivalent annual cost
- Eurobond markets
- Euromoney
- Excess capacity
- Excess cash
- definition of
- disadvantages and advantages of
- Marriott Corporation and handling of
- synonymous with negative debt
- what to do with
- Excess returns
- Execution financing
- Factoring
- Fairness option
- “Fallen angels”
- False signals
- dividends and
- penalty for
- Fama, Eugene
- Family Dollar
- balance sheets, 2010–2014
- bidders for
- bid for
- comparison between Dollar General, Dollar Tree, and
- cost of capital estimation
- discounted cash flows
- Dollar General's hostile tender offer and
- Federal Trade Commission and
- free cash flows to equity and
- free cash flows to the firm and
- history of
- income statements, 2010–2014
- key events in bidding for, 2014 and 2015
- managerial discretion and
- merger agreement between Dollar Tree and
- obstacles in merger deal
- poison pill adoption by
- pro forma financial statements with authors' constant debt ratio
- pro forma free cash flows to equity with constant debt ratio
- shareholder lawsuits against board of
- strategic rationale for Dollar General's purchase of
- strategic rationale for Dollar Tree purchase of
- valuation
- Farm equipment demand, interest rate sensitivity and
- Federal Trade Commission (FTC)
- Fibic Corp.
- Finance:
- as “art,” not science
- intelligent approach to
- modern, brief history of
- Financial Analysis Journal
- Financial distress
- adjusted present value and
- costs of
- dividend policy and
- Financial goals:
- Financial Management journal
- Financial market
- Financial Markets and Corporate Strategy (Grinblatt and Titman)
- Financial objectives for firms, trade-offs in corporate finance and
- Financial policies
- consistency in
- information content for market and
- objectives of
- product market policies and
- Financial reloading
- Financial reporting
- Financial slack
- Financial Times
- Financing decisions, investment decisions and
- Financing of firms, asymmetric information and, examples of
- Financing policy, as strategic weapon
- Financing strategy:
- matching maturity of product market strategy to maturity of
- product market strategy aligned with
- First Boston
- First in first out (FIFO)
- Fisher, Irving
- Fixed price tender
- Forecasts:
- assumptions as basis of
- ratios and
- Forest products industry
- Frankston, Bob
- Free-cash-flow formulas, comparing
- Free cash flows to debt (FCFd)
- discount rates and
- formula for
- Free cash flows to equity (FCFe)
- discounting
- discount rates and
- Family Dollar and
- formula for
- Free cash flows to the firm (FCFf)
- calculating elements of
- discount rates and
- Family Dollar calculations
- formula for
- Fuji
- Funding needs, determining
- Fuqua, J. P.
- Future value (FV)
- Garden, Edward
- General Motors
- General Utilities Act, abolition of
- Geometric mean
- Gino's, Marriott's purchase of
- Glass Lewis & Co.
- Goeken, John
- Goodwill
- Google
- Government bonds (U.S.), risk-free rate and rate on
- GTE
- Gulf Oil, agency costs example
- Hamada, Bob
- Harpel, James
- Hedge funds
- Hostile takeovers, poison pills and
- Host International, Marriott's purchase of
- Host Marriott
- “Hot” and “cool” issue markets
- Howard Johnson's, Marriott's purchase of
- Hubbard, Gardiner
- Hurdle rate
- Hybrid instruments, signaling effects mitigated with
- Ibbotson, Roger
- Ibbotson Associates
- IBM
- Icahn, Carl C.
- Income statements:
- Apple Inc.
- AT&T
- Congoleum
- Family Dollar
- Marriott Corporation
- Massey Ferguson
- MCI
- PIPES
- Sungreen Corporation (fictional)
- Industrial revenue bonds, cost of capital and
- Inflation, cash flows and
- Information asymmetry. See also Asymmetric information
- clustering of equity issues and
- dividend policy and
- Initial public offerings (IPOs)
- Institutional rules, knowing
- Institutional Shareholder Services
- Intangible assets
- Intel
- Interest rate(s):
- compounding and discounting and
- farm equipment demand and
- periodic
- subsidized
- Interest tax shields. See also Tax shields
- Internal capital markets, importance of
- Internal funds, asymmetric information and
- Internal investments, mergers vs.
- Internally generated funds, sustainable growth and
- Internal rate of return (IRR)
- net present value vs.
- scale of project ignored by
- International Harvester
- Inventory:
- cash cycle and
- high vs. low
- PIPES pro forma monthly inventory calculation, 2013
- turnover
- Inverted yield curve
- Investment banks
- Investment decisions:
- financing decisions and
- three major elements in
- Investment rules:
- internal rate of return
- net present value
- IT&T
- Jobs, Steve
- John Deere
- Journal of Applied Corporate Finance, The
- Journal of Portfolio Management, The
- Junior notes
- Junk bond market
- Kaplan, Steve
- Kapor, Mitch
- KKR, acquisition of Dollar General Corporation
- Kodak
- Last in first out (LIFO)
- Lazard Frères & Co.
- Congoleum fairness opinion, highlights
- Lazy managers, and the “quiet life”
- Lease financing
- Lending covenants
- Leverage:
- agency conflicts between equity and debt holders and
- debt/equity cost with changes in
- management's actions and effect of
- Leveraged buyouts (LBOs). See also Congoleum
- changes in, post-Congoleum
- Congoleum's pro formas with
- Congoleum's pro formas without
- future, Congoleum as blueprint for
- good candidates for
- performance incentives of
- in wake of Congoleum's LBO
- Leverage ratios
- Levered beta
- Levine, Howard
- Life, authors' thoughts on
- Lintner, John
- Lipton, Martin
- Liquidation, distressed
- Liquidity premium
- Liquidity ratios
- Loan covenants
- Long-term capital gains
- Long Term Capital Management
- Long-term debt, current and non-current portions of
- Lotus Development Corporation
- M&M
- assumptions of
- bankruptcy costs and
- corporate finance and
- dividend policy in world of
- irrelevance of capital structure and
- modern corporate finance and
- practice of corporate finance and
- simplest world of, what is irrelevant in
- taxes in
- Management-stockholder conflicts
- Managerial discretion, Family Dollar
- Marginal tax rates
- Market capitalization (or market cap)
- Market imperfections
- Market leverage
- Market risk premium
- Markowitz, Harry
- Mark-to-market accounting
- Marriott Corporation
- capital market impact and future for
- capital structure changes and
- capital structure decisions
- corporate financial policies for
- current and pro forma earnings per share
- dividend policy
- division into two firms
- early history of
- excess cash flow alternatives and
- how it should buy its shares
- impact of product market on financial policies
- income statements and balance sheets
- investment decisions by
- loan covenants
- price for share repurchases
- selected ratios
- share repurchase decision
- summary financial information, 1979–1982
- sustainable growth and excess cash flow for
- target capital structure checklist
- working capital and
- Marriott Courtyard chain
- Marriott International
- Marriott Residence Inns
- Massey Ferguson
- balance sheets
- competitive comparison, 1976–1980
- in default
- financing, 1971–1976
- income statements
- performance after 1976
- product market strategy
- ratios
- restructuring of
- sustainable growth
- target capital structure checklist
- what happened to
- May, Peter
- McCardell, Archie R.
- McGowan, William
- MCI. See also AT&T
- Apple's dividend policy vs. dividend policy of
- brief history of
- common equity
- elections, long-distance-carrier market, and
- finances of
- goes public
- “new,” alternative financing choices
- “new,” capital structure with alternative financing choices
- “new,” competitive advantages of
- “new,” debt maturities
- “new,” debt ratio
- “new,” dividend policy
- “new,” financing choice
- “new,” financing needs of
- “new,” pro forma cash flows, 1984–1988: expected case
- “old,” balance sheets, 1979–1983
- “old,” cash flows, 1979–1983
- “old,” convertibles issued by
- “old,” debt maturity policy
- “old,” debt ratio
- “old,” dividend policy of
- “old,” external financings, 1978–1983
- “old,” financial needs before AT&T divestiture
- “old,” financial policies of
- “old,” income statements, 1979–1983
- “old,” interest rates on straight debt issues
- “old,” lease financing
- pro formas, 1984–1988, development of
- WorldCom merger
- Merck
- Mergers:
- economic rationale behind
- three major elements of
- Mergers and acquisitions. See Acquisitions; Dollar Stores; Mergers
- Merrill Lynch
- Merton, Robert
- Microsoft
- Milken, Michael
- Miller, Merton
- “Miracle of modern finance,” theoretical explanation of
- MIT
- Modigliani, Franco
- Monopoly, nondurable
- Monte Carlo simulations
- Morgan Stanley
- Multiple hurdle rates
- Multiples, terminal values estimated with
- Mutual fund industry, theoretical basis for
- Myers, Stewart
- Navistar
- Negative debt, excess cash as
- Negative working capital
- Net present value (NPV)
- internal rate of return vs.
- negative
- positive
- positive, asymmetric information and
- projects with unequal lives and
- of zero, M&M assumptions and
- Net spontaneous working capital
- Net working capital
- Net worth
- New York Stock Exchange (NYSE), disappearing dividends of firms on
- NeXT
- Nicholson, Eddy G.
- Nominal cash flows
- Nominal discount rates
- Nondurable monopoly
- NYSE Corporations:
- capital structure of, 1983–2013
- source of funds, 1983–2013
- “Open-market” repurchases, tender offers vs.
- Operating leverage
- Operating ratios
- Opportunity costs
- Optimal capital structure
- Original issue discount (OID), bonds
- Overhanging convertible
- Owens Corning Fiberglass
- Paulson, John
- Paulson and Company
- Payback method
- Pecking order theory
- Peltz, Nelson
- Pension liabilities:
- unfunded
- valuing, discount rate used in
- Percentage of sales ratios
- Performance pricing contracts
- Periodic interest rate
- Perpetuities, with growth
- Perpetuity formulas
- Perpetuity tax shield
- Pershing Square Capital Management
- Personal taxes
- Pfizer
- Pickens, T. Boone
- Pinellas Plumbing Equipment and Supply (PIPES)
- accounts payable
- balance sheets, 2009–2012
- cash cycle
- circular relationships
- determining financial health of
- income statements, 2009–2012
- leverage and collateral evaluation
- loan evaluation
- monthly pro forma balance sheets
- monthly pro forma income statements
- product market strategy
- profitability ratios
- pro forma balance sheet, 2013
- pro forma balance sheets 2013 to 2015
- pro forma income statement, 2013
- pro forma income statements, 2013 to 2015
- projecting out to 2014 and 2016
- ratio analysis
- revised pro forma income statement, 2013
- seasonality and funding of
- sources and uses of funds statement
- Plug figures
- Poison pills
- Polaroid
- Portfolio theory
- Preference equity redemption cumulative stock (PERCS)
- Preferred stock
- Presentation book, preparing
- Present value (PV)
- Price-to-earnings (P/E) ratio
- earnings per share and
- terminal values and
- Primary offering
- Principal-agent problems (agency problems)
- Principles of Corporate Finance (Brealy and Myers)
- Private debt
- Private equity firms, LBO model and
- Private investment in public equity (PIPEs)
- Private placement debt
- Procter and Gamble (P&G)
- Production, political risk and economies of scale in
- Product market, imperfections in
- Product market strategy:
- financing strategy aligned with
- firm value and
- Massey Ferguson
- matching maturity of, to maturity of financing strategy
- PIPES
- Profitability ratios
- Profit before taxes (PBT)
- Pro formas
- AT&T
- Congoleum
- creating
- Family Dollar
- forecasting longer time horizons
- MCI
- PIPES
- politics and
- strategic analysis and sound economic underpinning for
- Projects with unequal lives, comparing
- Project valuation:
- financial policies and impact on
- financing and
- five techniques for
- Property, plant, and equipment (PP&E)
- Proxy advisory firms
- Proxy contests
- Prudent business judgment doctrine
- Prudential Insurance Company
- Public debt
- “Quiet life,” lazy managers and
- Radaker, Byron C.
- Ratio analysis
- AT&T change from old to new
- consistency in
- PIPES
- Ratio-dependent covenants
- Ratios:
- categories of
- computing
- forecasting and
- interpreting
- uses for
- Real cash flows
- Real discount rates
- Real options (strategic choices)
- Reich, Victor A.
- Reloading
- Retained earnings
- Return on assets (ROA)
- Return on equity (ROE)
- Apple Inc., in 2011
- Dupont Formula and
- increasing, three levers for
- relationship with return on assets
- sustainable growth and
- Risk-free rate
- Riskless debt, CAPM formula on
- Risk premium
- Risk return spectrum, beta and
- Rosenfeld, Eric
- Ross, Steve
- Safe harbor rule
- Safe vs. risky debt
- Sales predictions, pro forma preparation and
- Sales-to-assets ratio, sustainable growth and
- Salomon Brothers
- Samsung
- Sanders, Thomas
- Scholes, Myron
- Seasonality:
- firm's funding and
- PIPES monthly pro forma balance sheets
- PIPES monthly pro forma income statements
- PIPES pro forma monthly accounts receivable, 2013
- Secondary equity offerings (SEOs)
- Secondary offering
- Self-dealing
- Selling, General and Administrative expenses (SG&A)
- Senior debentures
- Senior notes
- Shafford, Richard
- Share repurchases:
- Apple Inc. and
- Marriott Corporation and
- signaling theory and
- Sharpe, William
- Shelf registrations
- “Shell the beaches”
- Short-term capital gains
- Short-term equity participation units (STEPS)
- Signals and signaling
- dividend policy and
- equity cash flows and
- false, penalty for
- good
- hybrid instruments and
- negative, convertible issues and
- positive, dividends and
- Sources and uses of funds:
- Special dividends
- Spreadsheets, proformas and, cautionary note
- Standstill agreements
- Stock dividends
- Stockholder-management conflicts
- Stock market bubbles
- Stock prices:
- capital structure and impact on
- dividends and
- earnings per share and
- equity issue announcements and
- undervalued or overvalued, asymmetric information and
- Stock splits
- Straight debt
- Straight preferred stock
- Strategic analysis
- Strategic choices (real options)
- Strip financing
- Subordinated notes
- Subsidized rates
- Sungreen Corporation (fictional)
- balance sheets
- building new capacity
- calculating elements of free cash flow to the firm
- cost of debt for Kingsport plant and mill
- cost of equity for Kingsport project
- income statements
- interest in wrapping paper
- Kingsport project's twin firms
- K0 or WACC for Kingsport plant
- net present value of Kingsport plant and mill
- net working capital year by year
- projected balance sheets for Kingsport
- projected cash flows
- projected income statements for Kingsport
- selected financial information
- strategic analysis
- strategic considerations for
- terminal value estimation
- terminal values and Kingsport project
- valuation example
- weighted average cost of capital analysis
- Sunk costs
- Supernormal growth rates
- Survival principle
- Sustainable growth
- Apple Inc.
- DuPont Formula and
- explanation of
- internal capital markets and
- “old” AT&T and
- power of
- Sustainable growth rate
- definition of
- financial policies consistent with
- funding needs and
- Synergies, mergers and
- Synthetic convertibles
- Takeovers:
- hostile, poison pills and
- too little debt and
- Target capital structure, internal, external, and cross-sectional criteria
- Target debt level, relevering debt and
- Target debt ratio
- Targeted stock
- Taxes. See also Tax shields
- dividend policy and
- M&M and
- personal
- Tax Reform Act of 1986
- Tax returns, quarterly installments
- Tax shields
- adjusted present value and
- of debt
- leveraged buyouts and
- optimal capital structure and
- value from, creation of
- Technical analysis
- Telex
- Tender offers
- Marriott's repurchase decision and
- open, length of time for
- “open-market” repurchases vs.
- Terminal value(s)
- asset values and estimations of
- computing
- multiples and estimation of
- perpetuity formula and estimations of
- project break even and
- separating from cash flows
- using more than one technique with
- Term premium
- Textbooks, recommended
- Textbook view, of capital structure
- Thatcher, Margaret
- Three-factor model (Fama and French)
- Tiered financing
- Time value of money
- annuities
- compounding and discounting
- overview
- periodic interest rate
- Trade-off theory
- Trailing earnings
- Treasury bill rate
- Treasury bills (T-bills)
- Treasury investor growth receipts (TIGRS)
- Trian Partners
- Trudeau, Pierre
- Turner, Cal
- Turner, J. L.
- Turnover ratios
- Twin-firm technique
- Unit deals
- United States, bond/debt market in
- Unlevered beta
- Usable bonds
- Usable debt, issuing with warrants
- Valuation. See also Sungreen Corporation
- cash flows and
- discounted cash flow variations in
- five primary techniques for
- formulas, average market premium used in
- most commonly used techniques in
- nominal cash flows, nominal discount rates, and
- perpetuity formulas in
- politics of
- project, project, project rule in
- Verizon Communications
- VisiCalc
- Wall Street Journal
- Wall Street tenets, equity financing and
- Warrants
- definition of
- usable debt issued with
- Weighted average cost of capital (WACC)
- adjusted present value and
- assumptions behind
- cost of debt in determining
- formula for
- free-cash-flows techniques, discount rates, and
- Kd, Ke, Ko and
- Sungreen and adjusting for tax shield
- weights for debt and equity in
- Wham-O Toy Co.
- Wilson, Gary
- as Disney CFO
- financial policies proposed by
- Working capital:
- Marriott Corporation and
- sources and uses of funds and
- WorldCom, bankruptcy of
- Wozniak, Steve
- Wrapping paper market
- Wriston, Walter
- Zero-based risk swaps (ZEBRAS)
- Zero debt level
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