[经济学]曼昆宏观经济学课件.pptVIP

27 The Basic Tools of Finance * * * * Even a portfolio with 40 stocks still has risk because you just can’t eliminate market risk through diversification. * * * * * * * * It’s easy to look up the price. But how does one determine the stock’s value? * The objective of this exercise is to help students see for themselves that the value of a share of stock equals the present value of dividends received plus the present value of the final sale price. Some students may need a hint to get started. * * * * This brief exercise gets students thinking about whether it is possible to pick good stoc