Cost of capital & capital structure

This subject covers how a company funds itself and what that funding costs. Start with WACC: Weighted Average Cost of Capital and WACC Exam Training, then Beta: Levered vs. Unlevered to see how debt changes risk. Next, Capital Structure in 15 Minutes gives the big picture, and M&M Theory: Proposition I, M&M Theory: Proposition II and Tax Shield with Debt Policy show when debt does and doesn't add value. Finish with payouts: Dividend Policy and Payout Ratio, Dividend Policy and Share Repurchase, Stock Dividends and Stock Splits, and Why Stock Repurchase Doesn't Help Shareholders.