the MV frontier.)
의미:
-- Theoptimal combinations result in lowest level of risk for a given return.
-- Theoptimal trade-off is described as the efficient frontier.
-- These portfolios are dominant.
투자자들은 모두 동일한 위험자산 즉 시장포트폴리오를 보유하고 있다.
(All investor
of HVC's investment problem and prepare a report that presents your findings and recommendations. Include(but do not limit your discussion to) a consideration ofthe following items :
① : What is the recommended percentage of each project that HVC should fund and the net present value ofthe total investment?
② : what capital allocation plan for security systems and market analysis for the
of HVC's investment problem and prepare a report that presents your findings and recommendations. Include(but do not limit your discussion to) a consideration ofthe following items :
① : What is the recommended percentage of each project that HVC should fund and the net present value ofthe total investment?
② : what capital allocation plan for security systems and market analysis for the
= The amount borrowed by the manager
= The amount to be repaid to the owner
The Owner sets , as the internal interest rate, and sets a limit of
on the amount that the manager can borrow.
수익률이 보다 높으면 을 빌리고, 아니면 빌리지 않음.
Theoptimal transfer price is an inflated market price as HKR(1982)
the enterprise value directly. Recently, it is too much low that investors get profits from dividend payouts as compared with other countries. Dividend policy which creates value to the company and shareholders should be decided with consideration of future investment opportunities, return on investments, future cash flow, capital finance conditions, etc. Company managers are evaluated their perf