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Strategic Financial Management: Exercises

Name: Strategic Financial Management: Exercises
Rating: 4.541667 (24 reviews)
Author: Robert Alan Hill

by Walter Jaburek Janine du Plessis Christian Julmi Erik Bruun Kari Lise Barstad David Shindler Yuri Yevdokimov Matthias Kohl Christopher J. Skousen Hubert Jaoui

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(24 ratings)

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110

Language: English

By following the same structure as the companion text, this book of exercises and solutions tests your knowledge of Strategic Financial Management.

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By following the same structure as the companion text, this book of exercises and solutions tests your knowledge of Strategic Financial Management. It also develops a number of theoretical concepts outlined in the companion text as a guide to further study.

All the exercises and their solutions are easy to follow. Each chapter begins with a theoretical review of the basic issues to be examined .We then move into the real world of sophisticated, financial analysis. Each chapter also contains commentaries and a summary that provide further insight into current theory and practice, applied to the corporate investment and financial policies of today’s uncertain world.

Part One: An Introduction
Finance – An Overview
1. Introduction
2. Exercise 1.1: Modern Finance Theory
3. Exercise 1.2: The Nature and Scope of Financial Strategy
4. Summary and Conclusions
Part Two: The Investment Decision
Capital Budgeting Under Conditions of Certainty
1. Introduction
2. Exercise 2.1: Liquidity, Profitability and Project PV
3. Exercise 2.2: IRR Inadequacies and the Case for NPV
4. Summary and Conclusions
Capital Budgeting and the Case for NPV
1. Introduction
2. Exercise 3.1: IRR and NPV Maximisation
3. Exercise 3.2: Relevant Cash Flows, Taxation and Purchasing Power Risk
4. Summary and Conclusions
The Treatment of Uncertainty
1. Introduction
2. Exercise 4.1: Mean-Variance Analyses
3. Exercise 4.2: Decision Trees and Risk Analyses
4. Summary and Conclusions
Part Three: The Finance Decision
Equity Valuation the Cost of Capital
1. Introduction
2. Exercise 5.1: Dividend Valuation and Capital Cost
3. Exercise 5.2: Dividend Irrelevancy and Capital Cost
4. Summary and Conclusions
Debt Valuation and the Cost of Capital
1. Introduction
2. Exercise 6.1: Tax-Deductibility of Debt and Issue Costs
3. Exercise 6.2: Overall Cost (WACC) as a Cut-off Rate
4. Summary and Conclusions
Debt Valuation and the Cost of Capital
1. Introduction
2. Exercise 7.1: Capital Structure, Shareholder Return and Leverage
3. Exercise 7.2: Capital Structure and the Law of One Price
4. Summary and Conclusions
Part Four: The Wealth Decision
Shareholder Wealth and Value Added
1. Introduction
2. Exercise 8.1: Shareholder Wealth, NPV Maximisation and Value Added
3. Exercise 8.2: Current Issues and Future Developments
4. Summary and Conclusions