Topics Covered FUture values Present values MONIEY MUltiple cash Flows PErpetuities and Annuities INflation Time Value SEffective Annual Interest rate Irwin McGraw-Hill

Topics Covered Stocks and the Stock Market Book Values. Liquidation Values and Market values Valuing Common Stocks Simplifying the Dividend Discount Model Growth Stocks and Income Stocks Irwvin McGraw-Hill

Topics Covered Discounted Cash Flows. NetProfits Incremental Cash Flows STreatment of Inflation Separation of Investment Financing Decisions SExample: Blooper Industries

Topics Covered Rates of Return Years of Capital Market History Measuring Risk Risk Diversification Thinking About risk Irwvin/McGraw-Hill

Market Portfolio-Portfolio of all assets in the economy. In practice a broad stock marke index, such as the S&P Composite, is used to represent the market. Beta- Sensitivity of a stock's return to the return on the market portfolio

SInvestment Decision vs. Financing Decision OMarket Efficiency →Weak form efficiency →Semi -strong- form efficiency >Strong form efficiency OLessons of Market Efficiency Irwvin/McGraw-Hill

Venture Capital The Initial Public Offering The Underwriters General Cash Offers The Private Placement

台湾大学：不当得利类型论与不当得利法的发展（PPT讲稿）建构一个可操作的规范模式

When there are no taxes and capital markets function well, it makes no difference whether the firm borrows or individual shareholders borrow. Therefore, the market value of a company does not depend on its capital structure

Common Stock Preferred Stock Corporate Debt Convertible Securities Patterns of Corporate Financing Irwvin/McGraw-Hill