Chapter 7 Contents 7.1 The relationship between 7.6 Exchange rates an asset's value its price triangular arbitrage 7.2 Value maximization 7.7 Valuation using financial decisions comparables 7.3 The law of one price 7.8 Valuation Models arbitrage 7.9 Accounting measures of 7.4 Arbitrage the law of value one price 7.10 How information is 7.5 Interest rates the law reflected in security prices of one price 7.11 The efficient markets hypothesis THE COURSE OF FINANCE 2017 SPRING SJTUChapter 7 Contents  7.1 The relationship between an asset’s value & its price  7.2 Value maximization & financial decisions  7.3 The law of one price & arbitrage  7.4 Arbitrage & the law of one price  7.5 Interest rates & the law of one price  7.6 Exchange rates & triangular arbitrage  7.7 Valuation using comparables  7.8 Valuation Models  7.9 Accounting measures of value  7.10 How information is reflected in security prices  7.11 The efficient markets hypothesis THE COURSE OF FINANCE 2017 SPRING SJTU 3