Evaluate the view, within the context of current theories and evidence that the distinctions between debt and equity are disappearing.
The advisers to the UK government in its privatisation programme (BT, BA, British Gas etc.) were criticised for underpricing their issues. this is the very problem with the valuation of such businesses as they are from an exact science. Examine the methods that may have attracted these criticisms and how these can be addressed.
Discuss : ” operating exposure is a forward looking concept. It is therefore impossible to hedge such exposure”
The advisers to the UK government in its privatisation programme (BT, BA, British Gas etc.) were criticised for underpricing their issues. this is the very problem with the valuation of such businesses as they are from an exact science. Examine the methods that may have attracted these criticisms and how these can be addressed.
Discuss : ” operating exposure is a forward looking concept. It is therefore impossible to hedge such exposure”
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