Across
- 1. The market where previously issued securities are traded among investors.
- 3. The first time a company offers its shares to the public.
- 5. The process of raising capital for business activities.
- 8. The discount rate at which the net present value of a project becomes zero.
- 10. The system of rules, practices, and processes that direct and control a company.
- 12. The market where new securities are issued and sold for the first time.
- 13. Spreadsheet software commonly used to calculate financial values using formulas.
- 14. Value of an investment at a future date given a specified rate of return.
- 16. The market for short-term financial instruments like Treasury bills and commercial paper.
- 17. A series of equal payments made at regular intervals.
- 18. The act of committing money to an asset with the expectation of future returns.
- 19. Ratio of present value of cash inflows to the initial investment.
Down
- 2. A financial market for long-term investment securities such as stocks and bonds.
- 4. The time required to recover the initial investment in a project.
- 6. A short-term government security with a maturity of less than one year.
- 7. Short-term borrowing for a period ranging from 2 to 14 days.
- 9. Present value of a future sum discounted at the appropriate rate.
- 11. The difference between present value of cash inflows and outflows of a project.
- 15. A portion of a company’s earnings distributed to shareholders.
- 17. A capital budgeting method that evaluates profitability based on accounting income.