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Tóm tắt công thức chương 5-14
Corporate finance (Đại học Kinh tế Quốc dân)
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CHƯƠNG 5 + 6
 FV of a single cash amount invested at r % per period for t periods
FV = C x (1 + r)t
 FV of multiple cash flows
 FV of original annuity cash flows (gửi mỗi cuối năm)
 FV of annuity due cash flows (gửi mỗi đầu năm)
 PV of a single cash amount
PV = C / (1 + r)t
 PV of multiple cash flows
 PV of original annuity cash flows (gửi mỗi cuối năm)
 PV of growing annuity cash flows
 PV of growing perpetuity cash flows
PV = C/(r – g)
 EAR = [(1 + Stated rate/m)^m] – 1 hoặc EAR = [(1 + APR/m)^m ] – 1
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 APR = m x{[(EAR + 1)^1/m] – 1}
 Amortization schedule:
Year
Beginning
Total
Interest paid Principal
balance
payment
paid
1
2
Beginning balanca in the 1st year = loan amount
Total payment (bài cho equal annual payment) = C trong Công thức
Hoặc: Total payment = Interest paid + Principal paid (bài cho)
Beginning balance in the 2nd year = Ending balance in the 1st year
Interest paid = Beginninng balnce x interest rate
Princial paid = Total payment – Interest paid
CHƯƠNG 7 + 8
- Bond valuation:
Coupon payment = Coupon rate x Face value
- Inflation and interest rate:
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Ending
balance
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- Zero Growth:
 Ps = D / r
 D1 = D2 = D3 = … = D = constant
- Constant Growth:
=> Dividend growth model
- Non constant Growth:
cease paying dividends forever = stop paying dividend
CHƯƠNG 9
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 Payback Period
 Discounted Payback Period
 Average Accounting Return (AAR)
 Internal Rate of Return (IRR)
 Profitability Index (PI)
CHƯƠNG 14:
- The dividend Growth model approach:
- The SML Approach:
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- The cost of preferred stock:
- The Weighted Average Cost of capital:
 The capital structure weights:
 V=E+D
 100% = E/V + D/V
 Taxes:
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