1996 CFA Level I Candidate Readings: Ethical and professional standards ; Investment tools
Author:
Publisher:
Published: 1995
Total Pages: 140
ISBN-13:
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Author:
Publisher:
Published: 1995
Total Pages: 140
ISBN-13:
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Publisher:
Published: 1995
Total Pages: 116
ISBN-13:
DOWNLOAD EBOOKAuthor: Association for Investment Management and Research
Publisher:
Published: 2002
Total Pages: 432
ISBN-13: 9780935015805
DOWNLOAD EBOOKAuthor: Jerald E. Pinto
Publisher: John Wiley & Sons
Published: 2015-10-16
Total Pages: 624
ISBN-13: 1119104645
DOWNLOAD EBOOKNavigate equity investments and asset valuation with confidence Equity Asset Valuation, Third Edition blends theory and practice to paint an accurate, informative picture of the equity asset world. The most comprehensive resource on the market, this text supplements your studies for the third step in the three-level CFA certification program by integrating both accounting and finance concepts to explore a collection of valuation models and challenge you to determine which models are most appropriate for certain companies and circumstances. Detailed learning outcome statements help you navigate your way through the content, which covers a wide range of topics, including how an analyst approaches the equity valuation process, the basic DDM, the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory, and more. Equity investments encompass the buying and holding of shares of stock in the anticipation of collecting income from dividends and capital gains. Determining which shares will be profitable is key, and an array of valuation techniques is applied on today's market to decide which stocks are ripe for investment and which are best left out of your portfolio. Access the most comprehensive equity asset valuation text on the market Leverage detailed learning outcome statements that focus your attention on key concepts, and guide you in applying the material accurately and effectively Explore a wide range of essential topics, such as the free cash flow approach, valuation using Graham and Dodd type concepts of earning power, associated market multiples, and residual income models Improve your study efforts by leveraging the text during your CFA certification program prep Equity Asset Valuation, Third Edition is a comprehensive, updated text that guides you through the information you need to know to fully understand the general analysis of equity investments.
Author: CFA Institute
Publisher:
Published: 2014-06
Total Pages:
ISBN-13: 9780938367857
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Publisher:
Published: 2006
Total Pages: 326
ISBN-13:
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Publisher:
Published: 2006
Total Pages: 284
ISBN-13:
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Published: 2006
Total Pages: 392
ISBN-13:
DOWNLOAD EBOOKAuthor: Frank J. Fabozzi
Publisher: CFA Institute Research Foundation
Published: 2017-12-27
Total Pages: 234
ISBN-13: 1944960341
DOWNLOAD EBOOKThe price at which a stock is traded in the market reflects the ability of the firm to generate cash flow and the risks associated with generating the expected future cash flows. The authors point to the limits of widely used valuation techniques. The most important of these limits is the inability to forecast cash flows and to determine the appropriate discount rate. Another important limit is the inability to determine absolute value. Widely used valuation techniques such as market multiples - the price-to-earnings ratio, firm value multiples or a use of multiple ratios, for example - capture only relative value, that is, the value of a firm's stocks related to the value of comparable firms (assuming that comparable firms can be identified). The study underlines additional problems when it comes to valuing IPOs and private equity: Both are sensitive to the timing of the offer, suffer from information asymmetry, and are more subject to behavioral elements than is the case for shares of listed firms. In the case of IPOs in particular, the authors discuss how communication strategies and media hype play an important role in the IPO valuation/pricing process.
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Publisher:
Published: 2006
Total Pages: 376
ISBN-13:
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