Académique Documents
Professionnel Documents
Culture Documents
Financing Decisions
Ch 18, 19, 20
CHAPTER 18
Lease Financing
1
2
-60 -60
Dep Shld
132
Maint
Tax sav
RV
Tax
18
0
-20 -20 -20
8
8
8
3
-60
4
1,060
60
28
-20
8
5
200
-80
-260
-156
CHAPTER 19
Hybrid Financing: Preferred Stock, Warrants, and
Convertibles
10
(More..
.) 11
Disadvantages
Preferred dividends not tax deductible, so
typically costs more than debt
Increases financial leverage, and hence the
firms cost of common equity
13
14
(More...)
15
16
17
18
CHAPTER 20
Initial Public Offerings, Investment Banking, and Financial
Restructuring
19
(More...
) 20
21
22
23
24
26
27