Gain comprehensive insights into corporate finance with Corporate Finance, 4th Edition Global Edition. This PDF offers a thorough exploration of key financial principles, including capital budgeting, risk management, and financial analysis. Designed for students and professionals, this edition feat...
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, COMMON SYMBOLS AND NOTATION
A market value of assets, premerger Pi price of security i
total value of acquirer P/E price-earnings ratio
APR annual percentage rate PMT annuity spreadsheet notation
B risk-free investment for cash flow
in the replicating portfolio PV present value; annuity spreadsheet
C cash flow, call option price notation for the initial amount
Corr(Ri ,Rj ) correlation between returns of i and j q dividend yield
Cov(Ri , Rj ) covariance between returns of i and j p risk-neutral probability
CPN coupon payment r interest rate, discount rate of cost
D market value of debt of capital
d debt-to-value ratio Ri return of security i
Divt dividends paid in year t Rmkt return of the market portfolio
dis discount from face value RP return on portfolio P
E market value of equity RATE annuity spreadsheet notation
for interest rate
EAR effective annual rate
r E , rD equity and debt costs of capital
EBIT earnings before interest and taxes
rf risk-free interest rate
EBITDA earnings before interest, taxes,
depreciation, and amortization ri required return or cost of capital
of security i
EPSt earnings per share on date t
rU unlevered cost of capital
E [R i ] expected return of security i
rwacc weighted average cost of capital
F, FT one-year and T-year forward
exchange rate S stock price, spot exchange rate,
value of all synergies
FCFt free cash flow at date t
SD(R i ) standard deviation (volatility)
FV future value, face value of a bond
of return of security i
g growth rate
T option expiration date, maturity date,
I initial investment or initial capital market value of target
committed to the project
U market value of unlevered equity
Intt interest expense on date t
Vt enterprise value on date t
IRR internal rate of return
Var (R ) variance of return R
K strike price
xi portfolio weight of investment in i
k interest coverage ratio, compounding
YTC yield to call on a callable bond
periods per year
YTM yield to maturity
L lease payment, market value of liabilities
αi alpha of security i
ln natural logarithm
βD, βE beta of debt or equity
MVi total market capitalization of security i
βi beta of security i with respect to
N number of cash flows, terminal date,
the market portfolio
notational principal of a swap contract
βsP beta of security i with respect to
Ni number of shares outstanding of
portfolio P
security i
βU beta of unlevered firm
NPER annuity spreadsheet notation
for the number of periods or dates Δ shares of stock in the replicating portfolio;
of the last cash flow sensitivity of option price
to stock price
NPV net present value
σ volatility
P price, initial principal or deposit,
or equivalent present value, τ tax rate
put option price τc marginal corporate tax rate
A01_BERK0160_04_GE_FM.indd 2 8/24/16 6:36 PM
, The NaTure aNd
Corporate
ProPerTies of soils
Finance
fifTeeNTh ediTioN
Global ediTioN
FOURTH Editi o n
Gl oba l Edi ti o n
Ray R. Weil
Professor of Soil Science
University of Maryland
Jonathan Berk
Nyle C. Brady (late) University
Stanford
Professor of Soil Science, Emeritus
Cornell University
Peter D e marzo
Stanford University
Harlow, England
Harlow, England •• London
London •• New
New York
York •• Boston
Boston •• San
San Francisco
Francisco •• Toronto
Toronto •• Sydney
Sydney •• Dubai
Dubai •• Singapore
Singapore •• Hong
Hong Kong
Kong
Tokyo •• Seoul
Tokyo Seoul •• Taipei
Taipei •New
NewDelhi
Delhi• •Cape
CapeTown
Town• •Sao
SaoPaulo
Paulo••Mexico
MexicoCity
City••Madrid
Madrid••Amsterdam
Amsterdam •• Munich
Munich •• Paris
Paris •• Milan
Milan
d 3 7/29/16 8:06 PM
A01_BERK0160_04_GE_FM.indd 3 8/24/16 6:36 PM
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