October 2013
Beginner
656 pages
29h 50m
English
Content preview from Fundamentals of Corporate Finance
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8
Stock Valuation
Learning Objectives
List and describe the four types of secondary markets.
Explain why many financial analysts treat preferred stock as a special type of bond rather than as an equity security.
Describe how the general dividend-valuation model values a share of stock.
Discuss the assumptions that are necessary to make the general dividend-valuation model easier to use, and use the model to compute the value of a firm's stock.
Explain why g must be less than R in the constant-growth dividend model.
Explain how valuing preferred stock with a stated maturity differs from valuing preferred stock with no maturity, and calculate the price of a share of preferred stock under both conditions.
Finding the actual market price of a share of publicly traded stock is easy. You ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.