Fundamental of corpoarte finance 4th mathew will chapter 25
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Fundamentals of
Corporate
Finance
Chapter 25
What We Do and Do Not
Know About Finance
Fifth Edition
Slides by
Matthew Will
McGraw-Hill/Irwin
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights
25- 2
What We Know
Net Present Value
Risk and Return
Efficient Capital Markets
MM’s Irrelevance Propositions
Option Theory
Agency Theory
McGraw-Hill/Irwin
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights
25- 3
What We Do Not Know
What determines project risk and PV ?
Risk and return - Have we missed something?
Are there important exceptions to the efficient market
theory?
How can we explain capital structure?
How can we resolve the dividend controversy?
How can we explain merger waves?
What is the value of liquidity?
McGraw-Hill/Irwin
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights
