20XX年财务管理学及财务知识分析.pptVIP

;;;;;;;;Note:;;;;;;;;;Suppose the company has been earning 15% on equity (ROE = 15%) and retaining 35% (dividend payout = 65%), and this situation is expected to continue.What’s the expected future g?;;;;;1. When a company issues new common stock they also have to pay flotation costs to the underwriter. 2. Issuing new common stock may send a negative signal to the capital markets, which may depress stock price.;;;;;;;;;;What are the three types of project risk?;How is each type of risk used?;;Methods for Estimating a Project’s Beta;2. Accounting beta. Run regression between project’s ROA an