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Excel spreadsheet for instructors for use with 8B06N08.

Spreadsheet for product 9B02N016.

Spreadsheet for product 9B02N023.

Spreadsheet for product 9B06N008.

Spreadsheet for product 9B07N009.

The chief financial officer of VF Outdoor Americas - a division of the world's largest apparel company, VF Corporation, must decide on the financial viability of purchasing the skateboard VANS lifestyle brand. In his decision, the chief financial officer needs to develop an offer of what VF should pay for VANS and prove to the parent company that the acquisition will be accretive to earnings per share.

After successfully issuing a €100 million Eurobond in 2005, executives at Parex Banka (Parex) in Riga, Latvia are considering issuing a second bond with a face value of €200 million and a term of 5 years. In planning the bond issue, the bank is debating the bond's characteristics, such as the currency (Euro versus U.S. dollar), the spread they would initially offer and how they would approach the meeting with potential investors. Students are tasked with assessing the bank's financing needs and recommending whether the bond should be issued and if so, its currency and price.

The chief financial officer of VF Outdoor Americas - a division of the world's largest apparel company, VF Corporation, must decide on the financial viability of purchasing the skateboard VANS lifestyle brand. In his decision, the chief financial officer needs to develop an offer of what VF should pay for VANS and prove to the parent company that the acquisition will be accretive to earnings per share.

Income Trust units are publicly traded equities with unique financial and structural attributes that differentiates them from common shares. Since the mid-1990s, income trusts have experienced substantial growth in popularity among both retail and institutional investors and have become a significant fixture in Canadian capital markets. They provide an option for issuers seeking capital and investors seeking attractive returns during otherwise turbulent market conditions. This note provides a description of how income trusts are structured and priced.

National IR is a large communications consulting firm. The firm is working with a client, Catalyst Investment, in preparation of a hostile takeover bid. A senior consultant with National IR must determine if the acquisition price offer is appropriate, the perceptions of value by shareholder investors, assessment of investor reaction to alternative deal structures and assessment of the public reaction to acquisition strategies in a politicized environment to create a communication strategy for investors.

Vivosonic is a start-up biomedical company that needs to raise $565,000 to continue research and development of its biomedical devices. The executive director of a venture capital firm feels Vivosonic's technology is sound but the costs for the company would be high. He must decide whether or not to invest in the company and determine what the best terms and conditions are for the deal.

Huazhang is a joint venture between China Machine Press and Multi-Lingua Publishing International, Inc. of the United States. Since its establishment, Huazhang had developed from a company with three employees to more than 100 employees. The shareholders are interested in determining how well the company has been managed and the board decides the best way to do this would be to value the company. The board also wants to measure the general managers' future performance based on the increased value of the company. The issue for the newly-appointed general manager is to determine which of the many possible methods should be used to value the company, including the discounted cash flow model, and to perform sensitivity tests.