Across
- 3. firm buys back stock from its shareholders
- 6. Costs that do not depend on the level of output
- 7. fiancial statement that shows the value of the firm's assets and liabilities at a particular time
- 9. Level stream of cash flows starting immediately
- 11. Debt financing amplifies the effects of changes in operating income on the returns of the stockholders
- 12. Periodic cash distribution from the firm to its shareholders
- 15. value today of a future cash flow
- 16. firm's mix of equity and debt financing
- 18. sensitivity of a stock's return to the return on the market portfolio
Down
- 1. Total financing cost of debt and equity
- 2. the interest paid back to the bondholder
- 4. point of the level of sales at which the company breaks even
- 5. amount to which an investment will grow after earning interest
- 8. equally spaced level stream of cash flows
- 10. Capital Asset Pricing Model
- 13. Present value of cash flow minus initial investment
- 14. stream of level cash payment that never ends
- 17. Ownership shares in a publicly held corporation