Topics Covered Net Present value ther Investment Criteria Project Interactions Capital Rationing IrwinMcGraw-Hill The McGraw-Hill Companies, Inc., 2001

Investment Decision vs. Financing Decision Market Efficiency Weak form efficiency Semi- -strong form efficiency Strong form efficiency Lessons of Market Efficiency

Geothermal's Cost of Capital Weighted Average Cost of Capital (WACc) Capital Structure Required Rates of Return Big Oil's WACC SInterpreting WACC Flotation Costs

Common Stock Preferred Stock Corporate Debt Convertible Securities Patterns of Corporate Financing

When there are no taxes and capital markets function well. it makes no difference whether the firm borrows or individual shareholders borrow. Therefore. the market value of a company does not depend on its capital structure

一、證券分析之類型 1 技術分析 2 線型分析 二、基本分析 1 總體經濟情勢分析 2 產業分析 3 公司競爭策略與財務分析

How Dividends are Paid How Do Companies Decide on Dividend Payments Why Dividend Policy Should Not Matter Why Dividends May Increase Firm Value Why Dividends May Reduce Firm Value

Bond Characteristics reading the financial pages Bond Prices and Yields Bond prices and interest rates YTM vs. current yield Rate of Return Interest Rate Risk The Yield Curve Nominal and Real Rates of Interest Default Risk

第一章绪论 第一节思维、语言与逻辑 一、“逻辑”的含义 “逻辑”一词是根据英语“Logic”音译而来它源出于希腊文Logos(逻 各斯),原意指思想、言辞、理性、秩序、规律性等。古希腊学者用这个词指称 研究推理论证的学问。西方逻辑学传入我国,始于明朝李之藻翻译《名理探》 一书。清朝末年的著名学者严复在翻译《穆勒名学》时,首次将“Logic”译为 “逻辑”,但并没有将“逻辑”这个词定为这门学科的名称,他将逻辑学称为 “名学”,因为中国先秦时期就有“名学的概念。当时有人引用日本的译名称 之为“论理学”,也有人译为“辩学”。孙中山先生则称其为“理则学”,这个名 称在台湾至今沿用

十字花科蔬菜根肿病 Crucifers Club Rot 十字花科蔬菜根肿病是一种世界性的重要病害。从13世纪即在欧洲发现,1874年被 俄国的 Wornin描述,迄今已有100多年的历史。我国早在1936年在台湾的大白菜上即有 报道,1955年大陆也有发生。目前,该病在全国均有分布