VALUATION CROSSWORD

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Across
  1. 7. 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.
  2. 8. --------------------analysis is a method of risk analysis.
  3. 13. Valuing using comparables is called -------------------------valuation.
  4. 14. 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.
  5. 15. If the cash flows in the valuation exercise for a levered firm is FCFE, the discount rate should be the cost of -------------------------.
  6. 16. The ------------------------ fees are performance-based fees paid to reward managers for generating positive returns on investments.
  7. 19. NPV zero is called a -----------------------breakeven.
  8. 20. The ----------------------------fees are charged by the hedge fund manager to cover the costs of managing the fund's investments and operations.
Down
  1. 1. A company's ---------------- valuation is how much money it is worth before anything is invested into it.
  2. 2. One of the major applications of the APV method of valuation is in valuing --------------------buyout transactions.
  3. 3. -----------------------analysis calculates the critical value of the input for which NPV is zero, keeping other parameters as expected
  4. 4. If the cash flows in a valuation exercise are certainty- equivalent, the discount rate will be ------------------------rate.
  5. 5. ---------------------------is a non-cash expense.
  6. 6. 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.
  7. 9. The cost of capital at which NPV is zero is called -----------------------------
  8. 10. An investment that increases near term earnings are called earnings-----------------
  9. 11. Real options value inherent --------------------------in investment opportunities.
  10. 12. The valuation method to be used if the capital structure is changing is called ------------------------present value method.
  11. 17. If the acquirer company is certain about the realization of synergies, the mode of payment for acquisition would be preferably ……………….
  12. 18. ------------------------is an investment in long lived asset.