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关于intrnational financial management,有些急,因为我上次
也让您帮我准备过考题,1天就出来了,所以我告诉她,您这里应该没问题.因为题是昨天
才知道的,所以才告诉您晚了.
她之前的HRM & MARKETING 答案也是从您这定的,也算老顾客了,当然如果这次考试过了
,她也将定DISSTERTATION,这个她的需求在附件

科目:International financial management

Q1 ABC has the following capital structure model.
Ordinary shares E 10,000,000
Debentures E 5,000,000 @ 8%

This year the company paid dividends E 1,000,000. the company pays corporation tax at 30%.
Calculate the company’s weighted average cost of capital. State the assumptions that are made when using this model.
这道公式是: COST OF CAPITAL=DIVIDEND+INTEREST/CAPITAL
请把计算过程和解释写的清楚些.

Q2 explain using examples how the capital asset pricing model can used to determine the expected return on a share.

Given the following information about XYZ calculate the expected return on its shares in 2007.

Beta vale= 1.2
Rate of interest on government bonds = 3%
Expected return on irish stock exchange in 2007 = 8%

这道题我会算,但不会解释, 公式是: ER= RF+B(RM-RF),计算答案是:3%+1.2(8%-3%)=9%,请老师帮忙解释.

Q3 investment option:
 investment appraisal
 how to decide profit
 transfer pricing
 low tax country , ie intel --> Ireland

Q4  how companies invest overseas?
 FDI—foreign direct invest ie build factory themselves
 Portfolio invest: buy share, company bond--- indirect 
 JV-joint venture, alliance partner

Q5 figure of company invest facts & figure , identify whether it’s a good project or not. Then your advice.
 payback value
 profit
 invest appraisal

Q3-5 解释,每题不超过450- 500 字, Q1-2, 您看这写吧,解释明白就可以了.

因为我要周1考试(9月3号), 所以请老师月快完成月好.最好周六,是您那周日早上7点左右给我,非常感谢.
Q1:Cost of capital refers to “ rates of return”, that is necessary to maintain market value(or stock price)of a firm; also called a hurdle rate, cutoff rate, or minimum required rate of return. The firm’s cost of capital is calculated as a weighted average of the cost of debt and equity funds. It is often called a weighed average cost of capital(WACC), Equity funds includes both capital stock (common stock and preferred stock)and retained earnings. These cost are expressed as annual percentage rate. The cost of capital is used for capital budgeting propose. Under the Net Present Value method, the cost of capitals is used as the discount rate to calculate the present value of further cash inflows. Under the International Rate of Return method, it is used to make an accept-or-reject decision by comparing the cost of capital with the internal rate of return on a given project. A project is accepted when the internal rate exceeds the cost of capital.
So the ABC company’s cost of capital is computed as follows:
Ordinary shares’ weight of total: 10,000,000/(10,000,000+5,000,000)=66.67%
Debentures’ weight of total: 5,000,000/(10,000,000+5,000,000)=33.33%
Dividend per share: 1,000,000/10,000,000=10%
Cost of capital=66.67%×10%+33.33%×8本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。