Chapter_09Capital Budgeting and Risk(公司金融,英文版)-精品·公开课件.pptVIP

Slides by Matthew Will Topics Covered Company and Project Costs of Capital Measuring the Cost of Equity Capital Structure and COC Discount Rates for Intl. Projects Estimating Discount Rates Risk and DCF Company Cost of Capital A firm’s value can be stated as the sum of the value of its various assets Company Cost of Capital Company Cost of Capital A company’s cost of capital can be compared to the CAPM required return Measuring Betas The SML shows the relationship between return and risk CAPM uses Beta as a proxy for risk Other methods can be employed to determine the slope of the SML and thu