1 Capital Structure Katharina Lewellen Finance Theory II February 18 and 19, 2003.
THE TIME VALUE OF MONEY. DECOMPOSING INTEREST RATES We often view interest rates as compensation for bearing risk. 2 Nominal Risk-Free Rate (approximately)
Credit Risk based on Hull Chapter 26. Overview Estimation of default probabilities Reducing credit exposure Credit Ratings Migration Credit Default Correlation.
Cf Financing 7
1 Tax savings of debt: value implications With corporate taxes (but no other complications), the value of a levered firm equals: V L = V U + PV (int erest.
1 Copyright 1996 by The McGraw-Hill Companies, Inc Capital Structure.
©2014 OnCourse Learning. All Rights Reserved. CHAPTER 14 Chapter 14 After-Tax Investment Analysis and Corporate Real Estate SLIDE 1.
Chapter 3
