悉尼大学金融建模课件FINC6019_Lecture_2.pptVIP

FINC6019Lecture 2;Lecture Outline;WACC;WACC;Estimating WACC;Three Step Procedure;Estimation Issues;Firm Value and WACC;Estimating rE: Gordon Model;Estimating rE: Gordon Model;Euler’s Formula;Gordon Model;Gordon Model: Growth Rate;Gordon Model;Gordon Model: Adjustments;Gordon Model: Adjustments;An Example;An Example;An Example;Equity Cash Flows;Supernormal Growth Model;Supernormal Growth Model;Computing Cost of Equity with Supernormal Growth Model;;Computing Cost of Equity with Supernormal Growth Model;Function TwoStageGordon(P0, Div0, Highgrowth, Highgrowthyrs, Normalgrowth) high = 1