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FINC2012 Group Assignment S12016

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This report contains a thorough analysis about the capital structure of Qantas based on its performance from 2011 to 2015. Received 78/100.

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FINC2012 Group Assignment S12016
Topics this document covers:
Finance Corporate finance Money Economy Cost of capital Qantas Capital structure Pecking order theory Dividend policy Convertible bond Bankruptcy costs of debt Free cash flow
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Topics this document covers:
Finance Corporate finance Money Economy Cost of capital Qantas Capital structure Pecking order theory Dividend policy Convertible bond Bankruptcy costs of debt Free cash flow
Sample Text:
The debt-to-equity ratio is an essential variable when concerning the risk of a company and its securities and therefore it is highly exposed to the systematic risk, which means there is no reason to use the book value measurement as a surrogate for the market-value measurement (Bowman 1980). Also, it’s shown in the Mothlagh, Samadi and Hajiha’s studies (2016) that the value ratio of book value to market value of shares were inconsistent in respective years. Therefore, it tends to be more reasonable to use market value of equity to reflect the current value of shares for Qantas. When it comes to the valuation of debt of Qantas, ‘although substantial difference...
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