l******e
发帖数: 47 | 1 如题，急需高手帮忙，如果电脑编辑麻烦，可以写到纸上照下来发我未名空间的邮箱，
谢谢帮助，非常感谢！
1.) The Lone Star Co just issued $195,000 of perpetual 9 percent debt, and
used the proceeds to repurchase stock. The company expects to generate $83,
000 of earnings before interest and taxes in perpetuity The company expects
to distribute all its earnings as dividends at the end of each year. The
firms unlevered cost of capital is 15 percent, and the corporate tax rate is
40%.
REQUIRED:
a.) What is the value of the company as an unlevered firm? |
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l******e
发帖数: 47 | 2 如题，急需高手帮忙，可以发我未名空间的邮箱，谢谢帮助，非常感谢！
1.) The Lone Star Co just issued $195,000 of perpetual 9 percent debt, and
used the proceeds to repurchase stock. The company expects to generate $83,
000 of earnings before interest and taxes in perpetuity The company expects
to distribute all its earnings as dividends at the end of each year. The
firms unlevered cost of capital is 15 percent, and the corporate tax rate is
40%.
REQUIRED:
a.) What is the value of the company as an unlevered firm?
b.) Use the adju |
|
g****g
发帖数: 310 | 3 Gold has been a store of value for human beings for at least 10,000 years.
It remains universally recognized as such from the most sophisticated urban
environments to the poorest rural communities in emerging markets.
Relative to the current value of the stock outstanding, gold appears to be
largely unlevered at present. Most major gold miners have ceased their
forward sales of gold. This removes some of the elements of uncertainty
which would exist surrounding large forced sales from levered en |
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t*******g
发帖数: 123 | 4 A prominent US private equity fund, focusing on real estate investment, run
by former Blackstone and Goldman Sachs employees is raising a second fund
from wealthy individuals. Our track record, unlevered IRR, last year has
been 135%. If you are interested in investing in our fund. Please contact me
. Currently, only investors in the NYC area OR who can travel to NYC to meet partners, can be accepted. Serious investors only. Minimum investment commitment is $25,000 USD. There is no
upper limit. P... 阅读全帖 |
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b*******b
发帖数: 613 | 5 I guess your cite is from the prospectus of some levered VIX ETN. In such
case, "The long term expected value of your ETNs is zero." refers to the
compounding return decay effect.
Meanwhile, ETN investors also bear the default risk of the debt issuer,
which could also result in substantial losses to investors. This type of
risk applies to all ETNs, levered or unlevered.
as |
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q**j
发帖数: 10612 | 6 我在想是否其实hold unlevered stock就跟hold leveraged CTA 是同样一回事情。反
正用的东西都是trend chasing, mean reversal etc，没理由差太多。 |
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