Business

i) Suppose Caterpillar Inc. has 665 million shares outstanding and each share is priced at $74.77. The company has now $25 billion in debt. Assume that Caterpillar maintains a constant debt-equity ratio in the next three years. At the end of the third year, if Caterpillar has 700 million shares outstanding and each share is priced at $83, how much debt will Caterpillar have? (5 marks)(ii) Alpha plc plans to issue €100 million of bonds with a face value of €50,000, coupon rate of 4 per cent and 10 years to maturity. The current market interest rate on these bonds is 7 per cent. In one year, the interest rate on the bonds will be either 8 per cent with 60 percent probability or 5 per cent with 40 percent probability.(a) If the bonds are non-callable, what is the price of the bonds today? (10 marks)(b) If the bonds are callable one year from today, will their price be greater than or less than the price you computed in (a)? Discuss your answer from investor’s point of view. (5 marks)(c) If a call price is £50,000, would the firm call the bonds? Please explain your answer (5 marks)

(i) ABC plc is an unlevered firm with expected annual earnings before taxes of £35 million in perpetuity. The current required return on the firm’s equity is 20%. The firm distributes all of its earnings as dividends at the end of each year. There is a corporate tax rate of 28%. The company has 1.5 million ordinary shares outstanding. Calculate the value of the firm and the price per share (10 marks)(ii) Based on information given in (i), ABC plc. is planning a recapitalisation under which it will issue $40 million of perpetual 9% debt and use this proceeds to buy back its shares. Use the Adjusted Present Value (APV) method to calculate the company value after the recapitalisation. What is the value of equity after the announcement of the recapitalisation and the price per share? (10 marks)(iii) Based on information in (i) and (ii), calculate the number shares to be repurchased, the value of equity after the repurchase has been completed, and the price per share after the completion of the recapitalisation. (10 marks)

Select a company listed on an internationally recognised and well established Stock Exchange (e.g. London, New York, Tokyo, Mumbai) for which you can access the share price data over the past 5 years.(i) Describe the company’s business background (e.g. main shareholders/owners, features of products, CEO’s background) (5 marks)(ii) Discuss how successful the company has been at delivering value to its shareholders over the past 5 years. (6 marks)(iii) Determine the current value of the equity in this company. Use at least two evaluation methods of your choice (e.g. Price/Earnings Ratio, Discounted Cash Flow, Dividend Based Valuation). Do you believe that the stock of this company is currently overpriced, fairly priced, or underpriced? Support your opinion with evidence, analysis, and argument. (8 marks)(iv) How can you reconcile any discrepancies in your valuations? (6 marks)(Total: 25 marks)Note: Your answers should demonstrate an understanding of the valuation methods you use, an appreciation of their implications, and an understanding of relevant financial theory e.g. Efficient Market Hypothesis (EMH). The answers should contain details of your calculations and assumptions. In order to answer the question, you will need to consider both accounting and market information, relevant to valuation. The data you need may be available from many resources (e.g. Thomson One Banker, yahoo finance), including information from the most recent report and accounts of the company. There is a limit of 1,000 words for answering this question.

Develop the ability to rise to ethical issues and challenges in the context of public management.We expect you to answer each question as per instructions in the assignment. You will find it useful to keep the following points in mind. The assignment with be evaluated in terms of your planning, organization and the way you present your assignment. All the three section will carry equal weightageKindly read the instruction carefully and prepare your assignment accordingly.1) Planning: Read the assignments carefully, go through the Units on which they are based. Make some points regarding each question and then rearrange them in a logical order. (1.5 Marks)2) Organisation: Be a little selective and analytical before drawing up a rough outline of your answer. Give adequate attention to question’s introduction and conclusion. (1.5 Marks)Make sure that:a) The answer is logical and coherentb) It has clear connections between sentences and paragraphsc) The presentation is correct in your own expression and style.3) Presentation: Once you are satisfied with your answer, you can write down the final version for submission. If you so desire, you may underline the points you wish to emphasize. Make sure that the answer is within the stipulated word limit. (2 Marks)Write an essay in about 1000-1200 words on the following topic.Provide a statement explaining your own personal code of ethics. Include at least 4 codes in your answer with enough explanation and examples. Refer to concepts learned in class or in the textbook and link them to your justification.In addition, discuss whether personal code of ethics could clash with organizational ethics. Some people believe, that personal ethics and organization’s ethics are two different and unrelated concepts. Others, believe that personal ethics should be applied to organization’s ethics. Is it possible that our personal beliefs and ethics are applicable to our work? Discuss.Important: You are required to present at least three scholarly journals to support your answers

1. What are some security concerns found in Teslas? How would you recommend the CEO fix these issues?2. Do you agree with the Tesla ban in the military and its use? Why or Why not?3. After reading this article, what do you think of Tesla’s growth and success in China?4. Do you believe that the US-China relationship played a part in this? Did it make things worse? Explain.

1. How would you assess your Zoom participation for the Transportation (3/9) and Carbon Sinks (4/6) meetings based on the above criteria (on a scale of 1-10)? Please provide a sentence explaining your reasoning.2. How would you assess the average quality of your Writing Reflections (or Flipgrid videos) for the Transportation, Buildings, Individual Explorations, Carbon Sinks, and Health and Education weeks, based on the above criteria (on a scale of 0-40)? Please provide a sentence or two explaining your reasoning.3. Do you have any other feedback that you’d like to share (e.g. things that are working, that would be helpful to know, or that could be improved for the final weeks of the semester)?Thanks for your input!

What are the trends in the environmental factors that could have an impact on your job and career development? Technological, Regulatory/Ethics & Social Responsibility, Economic, Social?· Social factors· Economic factors· Technical factors· Legal factorsCompetitive Analysis – Who are your competitor? What type of background, experiences, strengths and weaknesses do your competitors have?

250 wordsPlease watch two of the following videos, respond to the corresponding discussion questions, and complete one peer response this week. Note: you may watch and respond to either of the videos on Educating Girls this week.1. Educating Girls video 1: https://flipgrid.com/s/sEoYjhBiExcPa. How do we break the barriers that stand in the way of universal education and ensure that there is gender-equitable access to quality education?2. Educating Girls video 2: https://flipgrid.com/s/gs5hVefXzRt9a. What will the population look like in 2040 if more girls are given access to education? Will there be a decrease in population?3. Family Planning video: https://flipgrid.com/s/w8L_jKpVNsyBwFuga. Please explain why educating girls and family planning together is the number one drawdown solution in terms of potential impact to CO2 reduction. What are some things you can do to help make an impact?Supplemental Resources:1) Drawdown Health and Education Solution2) Girls’ education, development, and social change journal article3) Their World – global children’s charity website4) United Nations Population Fund

? The changing business environment and the pressures for change.? Resistance to change and how to overcome it.? Business creativity and the needed support to construct the vision and the direction of change.? Building a strategic managing innovation model.? Blockages to creativity and how to overcome them.

Marketing Research Presentation to the President of Starbucks Coffee HouseYou are the marketing consultant to Starbucks coffee house and have been asked by the President, Charles Schultz, to perform market research and ascertain the feasibility of establishing new coffee houses in China.Plan the research design and presentation to Mr. Schultz. Include the following:Two to three alternative target customer segment(s) that you may use and why.The types of secondary research that you will use and why.The problem statement.One to two research questions that will guide the study.Who the major competitors are for this product.What the cultural, economic, and political factors are that need to be considered in the design of this project.Recommended length of this paper: five to seven pages, at least 8 primary resources (peer-reviewed articles or textbooks). This design will be incorporated into the Week 6 paper (with changes, if applicable)