Applied International Finance II, Second Edition

Index

Aerotech Components Co., 65

All-equity beta, 37

American Depositary Receipts (ADRs), 10–14

Anderson-Wheeler, 38–39

Asset’s rate of return

in different currencies, 4–5, 30–31

Baidu (China), 11

Bank of New York Mellon, 10

Beta

FX operating exposure and, 98–103

proxy approach and, 37–39

unlevering formula, 38

BHP Billiton Ltd (Australia), 12

BHP Billiton Plc (United Kingdom), 12

Business value, 37. See also Unlevered value

intrinsic, 84

Capital Asset Pricing Model (CAPM), 1

global, 5–8

global vs. local, 8–10

review of, 2–4

CAPM. See Capital Asset Pricing Model

Cash flow

conversion

expected operating, 65–68

FX exposures and currency directions, 68, 74

incremental, 95–96

multiperiod, 83–85

CDS. See Credit default swap

Cohrs, Dan, 35

Conversion(s) ...