Principles of Corporate Finance_ 12th Edition

32 Part One Value bre44380_ch02_019-045.indd 32 09/02/15 03:42 PM Next year, the outstanding balance is lower, so the interest c ...

Chapter 2 How to Calculate Present Values 33 bre44380_ch02_019-045.indd 33 09/02/15 03:42 PM Future Value of an Annuity Sometime ...

34 Part One Value bre44380_ch02_019-045.indd 34 09/02/15 03:42 PM 2-3 More Shortcuts—Growing Perpetuities and Annuities Growing ...

Chapter 2 How to Calculate Present Values 35 bre44380_ch02_019-045.indd 35 09/02/15 03:42 PM (^7) We can derive the formula for ...

36 Part One Value bre44380_ch02_019-045.indd 36 09/02/15 03:42 PM In our examples we have assumed that cash flows occur only at ...

Chapter 2 How to Calculate Present Values 37 bre44380_ch02_019-045.indd 37 09/02/15 03:42 PM Example 1 Suppose you invest $1 at ...

38 bre44380_ch02_019-045.indd 38 09/02/15 03:42 PM ● ● ● ● ● USEFUL SPREADSHEET FUNCTIONS ❱ Spreadsheet programs such as Excel p ...

Chapter 2 How to Calculate Present Values 39 bre44380_ch02_019-045.indd 39 10/09/15 09:21 PM (NPER) An investment adviser has p ...

40 Part One Value bre44380_ch02_019-045.indd 40 09/02/15 03:42 PM financial markets to determine how much to discount for time a ...

Chapter 2 How to Calculate Present Values 41 bre44380_ch02_019-045.indd 41 09/02/15 03:42 PM Present values What is the PV of $ ...

42 Part One Value bre44380_ch02_019-045.indd 42 09/02/15 03:42 PM Present values and opportunity cost of capital Halcyon Lines ...

Chapter 2 How to Calculate Present Values 43 bre44380_ch02_019-045.indd 43 09/02/15 03:42 PM Compounding intervals Which would ...

44 Part One Value bre44380_ch02_019-045.indd 44 09/02/15 03:42 PM You can assume that the withdrawals (one per year) will sit in ...

Chapter 2 How to Calculate Present Values 45 bre44380_ch02_019-045.indd 45 09/02/15 03:42 PM Finance.yahoo.com is a marvelous so ...

● ● ● 46 bre44380_ch03_046-075.indd 46 09/30/15 12:47 PM 3 CHAPTER Part 1 Value Valuing Bonds I nvestment in new plant and equip ...

Chapter 3 Valuing Bonds 47 bre44380_ch03_046-075.indd 47 09/30/15 12:47 PM If you own a bond, you are entitled to a fixed set of ...

48 Part One Value bre44380_ch03_046-075.indd 48 09/30/15 12:47 PM Thus the bond can be valued as a package of an annuity (the co ...

Chapter 3 Valuing Bonds 49 bre44380_ch03_046-075.indd 49 09/30/15 12:47 PM Maturity Coupon Asked Price (%) Yield to Maturity (%) ...

50 Part One Value bre44380_ch03_046-075.indd 50 09/30/15 12:47 PM Figure  3.1 plots the yield to maturity on 10-year U.S. Treasu ...

Chapter 3 Valuing Bonds 51 bre44380_ch03_046-075.indd 51 09/30/15 12:47 PM ◗ FIGURE 3.2 Plot of bond prices as a function of the ...