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FINANCE

Pravna fakulteta. FINANCE. prof. dr. Marko Simoneti. Pravna fakulteta: Finance. FINANČNI VZVOD IN STROŠEK KAPITALA. Ljubljana, december 2005. UČINEK FINANČNEGA VZVODA STRUKTURA FINANCIRANJA PODJETJA. UČINEK FINANČNEGA VZVODA DAVČNI ŠČIT.

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FINANCE

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  1. Pravna fakulteta FINANCE prof. dr. Marko Simoneti

  2. Pravna fakulteta: Finance FINANČNI VZVOD IN STROŠEK KAPITALA Ljubljana, december 2005

  3. UČINEK FINANČNEGA VZVODASTRUKTURA FINANCIRANJA PODJETJA

  4. UČINEK FINANČNEGA VZVODADAVČNI ŠČIT

  5. UČINEK FINANČNEGA VZVODADONOSNOST NA KAPITALGLEDE NA STRUKTURO FINANCIRANJA

  6. Iz podatkov v tabeli izračunaj strošek kapitala pri stopnji davka na dobiček 20%. Podjetje posluje z dobičkom.

  7. FINANČNI VZVOD IN STROŠEK KAPITALA (WACC) (1) Učinek davčnega ščita, če dobiček > 0 (1) Delež dražjih (lastniških) virov se zmanjšuje (2) Povečuje se tveganje in zahtevana donosnost za dolžniške in lastniške vire (2) (1) (D/E)*

  8. OPTIMALNA STRUKTURA FINANCIRANJA WACC rE rD (D/E)* Investicijske odločitve: (1) (WACC)* vs. Notranja stopnja donosa (2) NPV z upoštevanjem (WACC)* > 0

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