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

《幼儿园管理》课程教学资源（授课教案）第七章 幼儿园财务与档案管理

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

Topics Covered The Market for Corporate Control Sensible Motives for mMergers Dubious Reasons for Mergers SEvaluating Mergers Merger Tactics SLeveraged Buy-Outs Mergers and the Economy IrwinMcGraw-Hill The McGraw-Hill Companies, Inc., 2001

Topics Covered SHow Dividends are Paid SHow Do Companies Decide on Dividend Payments OWhy Dividend Policy Should Not Matter OWhy Dividends May Increase Firm Value OWhy Dividends May Reduce Firm Value Irwin/McGraw-Hill OThe McGraw-Hill Companies, Inc., 2001

复旦大学：《财务管理 Financial Management》课程教学资源（课件）Chapter 02 How to Calculate Present Values

复旦大学：《财务管理 Financial Management》课程教学资源（大纲）Syllabus of Financial Management

Bond Characteristics reading the financial pages Bond Prices and Yields Bond prices and interest rates YTM vs. current yield Rate of Return Interest Rate Risk The Yield Curve Nominal and Real Rates of Interest Default Risk

How Dividends are Paid How Do Companies Decide on Dividend Payments Why Dividend Policy Should Not Matter Why Dividends May Increase Firm Value Why Dividends May Reduce Firm Value

1、企业进行证券投资的动机有哪些? 2、企业投资证券需考虑的主要因素有哪些? 3、如何确定股票和债券的价值?证券价值与证券投资决策有何关系?