Corporate Finance是CFA二级考试中的科目,在备考CFA二级考试中这个科目的公式也是有很多的,那在备考CFA二级考试如果你在学习这个科目的知识,跟着小编先看看一部分这个科目的公式吧!
Cash flow projection
◼ Initial outlay = FCInv + NWCInv
◼ After-tax operating cash flow (CF) = (S – C – D)(1 – T) + D= (S – C)(1 – T) + (TD)
◼ TNOCF = Sal T + NWCInv – T (Sal T – B T )
Residual income
◼ Residual income = net income – equity charge
Project cost of equity
Weighted average cost of capital:
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MM Proposition I (no taxes):
◼ V L = V U
MM Proposition II (no taxes):
MM Proposition I (with taxes):
MM Proposition II (with taxes):
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Static trade-off theory:
◼ V L = V U + (t × d) – PV(costs of financial distress)
Change in price when stock goes ex-dividend
以上就是今天要学习的Corporate Finance二级科目中的公式,这个科目的知识点是很多的,如果需要相关的公式表的话,可以在线咨询老师。