Capital Structure Decisions Part II推荐.pdfVIP

C H A P T E R 16 Capital Structure Decisions: Part II Chapter 15 presented some basic material on capital structure, including a brief introduction to capital structure theory. We saw that debt concentrates a firm’s business risk on its stockholders, thus raising stockholders’ risk, but it also increases the expected The ThomsonNOW Web site contains an return on equity. We also saw that there is some optimal level of debt that maximizes a company’s stock price, and we illustrated Excel file that will guide you through the this concept with a simple model. Now we go into more chapter’s calculations. The file for this detail on capital structure theory. This will give you a deeper chapter is IFM9 Ch16 Tool Kit.xls, and understanding of the benefits and costs associated with debt we encourage you to open the file and financing. follow along as you read the chapter. N O