Bodie2e_Chapter16 Financial Structure of the Firm 英文版PPT 金融学（第二版）教学教案.pptVIP

Chapter 16: Financial Structure of the Firm;Chapter 16 Contents;Introduction;16.1 Internal Verses External Financing;Internal Verses External Financing;Corporate Stock options/ Warrants;Preferred stock;16.3 Debt Financing;We now describe secured debt long-term leases pension liabilities;Secured Debt;Secured Debt;Long-Term Leases;Pension Liabilities;16.4 The Irrelevance of Capital Structure in a Frictionless Environment;Frictionless Environment Assumptions;Example;Example;Example;Example;Example;Example;Example;Example Conclusion;16.5 Creating Value Through Financing Decisions;16.6 Reducing Costs;Taxes;Example;Claimant Classes;Leverage (Gearing) Equations;Maximization of Somdett’s Cash Flow;Maximization of Somdett’s Cash Flow;Market Values of Claims;Value of Tax Shield;Value of Tax Shield;Sub-chapter S Corporations;Subsidies;Reducing Costs: Subsidies;Reducing Costs: Financial Distress;41;16.7 Dealing with Conflicts of Interest: ‘Free Cash Flow’;Increasing Risks;Badpenny (Continued);16.8 Creating New Opportunities for Stakeholders;16.9 Financial Decisions in Practice;Orre Oil Company;Gormeh Foods, Inc.;Bombay Textile Company;Holey’s Burger Queen;Lee Productions;Five Financing Methods;Also Consider:;16.10 How to Evaluate Levered Investments;Adjusted Present Value (APV);Flows to Equity (FTE);Weighted Average Cost of Capital;The Firm’s Weighted-Average Cost of Capital;MM Equations