Kap. 3

Question 1

Hvad er et “Competitive market”

Answer 1

Sv: Et marked hvor et produkt bliver købt og solgt til samme pris.

Question 2

Hvad går “Valuation principle” ud på ?

Answer 2

Sv: “The value of an asset to the firm or its investors is determind by its competitive market price. the benefits and costs of a decision should be evaluated uding these market prices, and when the value of the benefits exeeds the value of the costs, the decision will increase the market value of the firm”

Question 3

Hvordan er NPV formlerne?

Answer 3

Sv:

1. NPV=PV(Benefits)-Pv(costs)
2. NPV=PV(all projects cash flows)

Question 4

Hvad siger NPV decision rule ?

Answer 4

Sv: When making an investment decision, take the alternative with the highest NPV. chosing this alternative is equivalent to recieving its NPV in cash today.

Question 5

Hvad er “law of One price” ?

Answer 5

Sv: If Equivalent investment opportunities trade smultaneously in different competitive markets, the they must trade for the same price in both markets.

Question 6

Hvad er den basale formel for Return ?

Answer 6

Sv: Gain at the end of the year / initial cost

Question 7

Hvad siger “Seperation principple” ?

Answer 7

Sv: finansieringsbeslutninger kan behandles separat/uafhængigt af investeringsbeslutningerne.

Question 8

Hvad er den simple formel for expected return?

Answer 8

Sv:

Expected return = Expected gain at the end of the yeay / Initial costs

Question 9

Hvad er formlen for at beregne “Expected future cashflow” ?

Answer 9

Sv: Pris idag * (1+r)

Question 10

Hvad er formlen for at beregne prisen på en investering et år tilbage?

Answer 10

Sv: Prisen i det givne år / (1+r)