Crossword-Valuation

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Across
  1. 2. Relevant cash flows for the project should be -------------------------to the project.
  2. 6. ------------------------costs are expenditures that either have already been made or must be made regardless of whether the firm proceeds with the investment.
  3. 8. If the discount rate in the valuation exercise is a risk-free rate, the cash flows should be ---------------- equivalent cash flows.
  4. 9. Stern -------------------and Company developed EVA to provide a single, value-based measure which can be used in solving the measurement problem in short-term.
  5. 13. -------------------------------costs are incurred when the firm foregoes other opportunities for using the assets.
  6. 14. If the discount rate in the valuation exercise is the cost of equity for all equity financed firms, the cash flows should be -----------------------cash flows.
  7. 15. If the cash flows in the valuation exercise for a levered firm is FCFF, the discount rate should be the cost of -------------------------.
  8. 16. Value of an option increases with ------------------------------.
  9. 17. One of the major applications of the APV method of valuation is in valuing leveraged ------------------transactions.
  10. 18. -----------------------analysis is a risk analysis technique by which analysts explore the sensitivity of an investment’s value under different situations that might arise in the future.
  11. 19. An investment that increases near-term earnings is referred to as earnings -----------------.
  12. 20. The valuation method used if Discounted cash flow valuation is used for calculating the value of planning period cash flows of the firm and a relative valuation is used for Terminal value calculations of the same firm is called ----------------------valuation model.
Down
  1. 1. Real options value inherent --------------------------in investment opportunities.
  2. 3. The -------------------- investment value is the focal point for negotiations between the entrepreneur and Venture Capital in a startup valuation.
  3. 4. In order to solve the measurement problem in the short-term for a project with stable earnings, the parameter to calculate is -------------------------profit instead of EPS.
  4. 5. Risk -------------- refers to a preference for certainty over uncertainty, even if the uncertain option has a potentially higher expected outcome.
  5. 7. Equity ----------------- are instruments that bestow upon the holder of the instrument the right to buy a particular stock at a predetermined price within a stipulated time frame.
  6. 10. An investment project that reduces the firm’s earnings in the current or following year is referred to as earnings ------------------------.
  7. 11. Cost --------------------in an M&A can be achieved by eliminating duplicate functions, optimizing operations, or leveraging economies of scale.
  8. 12. The valuation method to be used if the capital structure is changing is called ------------------------present value method.