October 2011
Beginner
778 pages
36h 16m
English
book
Fundamentals of Corporate Finance, Second Edition
by Robert Parrino, David S. Kidwell, Thomas W. Bates
Content preview from Fundamentals of Corporate Finance, Second Edition
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20
Options and Corporate Finance
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Learning Objectives
Define a call option and a put option, and describe the payoff function for each of these options.
List and describe the variables that affect the value of an option. Calculate the value of a call option and of a put option.
Name some of the real options that occur in business and explain why traditional NPV analysis does not accurately incorporate their values.
Describe how the agency costs of debt and equity are related to options.
Explain how options can be used to manage a firm's exposure to risk.
Sometimes even the most carefully laid business plans must be changed. This fact was especially apparent in Las Vegas, Nevada after the U.S. economy went into a recession in December 2007. A comparison of the decisions and outcomes at three casino/hotel/condo ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.