原创力文档- 1、本文档共64页，可阅读全部内容。
- 2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
- 3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
查看更多
Chapter 4;The Valuation of Long-Term Securities;What is Value?;What is Value?;What is Value?;Bond Valuation;Important Bond Terms;Important Bond Terms;;柳化股份2011年公司债券2013年付息公告;term;;Perpetual Bond Example;;;Different Types of Bonds; V = $1,000 (PVIF10%, 30) = $1,000 (.057) = $57.00;Semiannual Compounding;;;Preferred Stock is a type of stock that promises a (usually) fixed dividend, but at the discretion of the board of directors.;;Preferred Stock Example;Common Stock Valuation;Common Stock Valuation;Dividend Valuation Model;Adjusted Dividend Valuation Model;Dividend Growth Pattern Assumptions;;Constant Growth Model Example;;Zero Growth Model Example;;;Calculating Rates of Return (or Yields);;Determining the YTM;YTM Solution (Try 9%);YTM Solution (Try 7%); .07 $1,273
.02 IRR $1,250 $192
.09 $1,081
X $23 .02 $192; .07 $1,273
.02 IRR $1,250 $192
.09 $1,081
X $23 .02 $192; .07 $1273
.02 YTM $1250 $192
.09 $1081
($23)(0.02) $192 ;;Determining the Semiannual Coupon Bond YTM;Determining Semiannual Coupon Bond YTM;Determining Semiannual Coupon Bond YTM;Bond Price-Yield Relationship;Bond Price-Yield Relationship;Bond Price-Yield Relationship;Bond Price-Yield Relationship;Bond Price-Yield Relationship (Rising Rates);Bond Price-Yield Relationship;Bond Price-Yield Relationship;Bond Price-Yield Relationship (Declining Rates);The Role of Bond Maturity;Bond Price-Yield Relationship;The Role of Bond Maturity;The Role of the Coupon Rate;Example of the Role of the Coupon Rate;Example of the Role of the Coupon Rate;Determining the Yield on Preferred Stock;Preferred Stock Yield Example;Determining the Yield on Common Stock;Common Stock Yield Example
文档评论（0）