Wall St. Training Self-Study Instructor, Hamilton Lin, CFA discusses and compares and contrasts the drivers of value of capital structure changes from a financial point of view. First we run through a comparison to share repurchases and the lack of value creation and then provide counter-arguments of cost of capital, funding costs and opportunity costs arbitrage, then we counter-counter argue based on weighted average cost of capital changes. We first introduce the obvious rationales, then prove why that is wrong, then disproof the proof and disprove that and disprove that and finally agree on how corporate finance and the capital markets extract value from capital structure arbitrage. In short, you might be thoroughly confused at first, but will finally understand every aspect of the value proposition by the time we are done!
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Wall St. Training Self-Study provides online, video-based, self-study financial modeling training solutions to Wall Street. Our interactive course modules are Excel-based and specialize in advanced and complex financial modeling, valuation modeling, investment banking, mergers & acquisitions and leveraged buyout training topics. Enhance your skills and master the content required by Wall Street investment banks, M&A, research, asset management, credit, and private equity firms.
Damn dude, pretty impressive.
kkjhhkjhkj 1 year ago