Corporate Finance是CFA二級考試中的科目,在備考CFA二級考試中這個科目的公式也是有很多的,那在備考CFA二級考試如果你在學(xué)習(xí)這個科目的知識,跟著小編先看看一部分這個科目的公式吧!

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:

?

MM Proposition I (no taxes):

? V L = V U

MM Proposition II (no taxes):

MM Proposition I (with taxes):

MM Proposition II (with taxes):

?

Static trade-off theory:

? V L = V U + (t × d) – PV(costs of financial distress)

Change in price when stock goes ex-dividend

以上就是今天要學(xué)習(xí)的Corporate Finance二級科目中的公式,這個科目的知識點是很多的,如果需要相關(guān)的公式表的話,可以在線咨詢老師。