《财务管理基础》英文课件ch04.ppt

Chapter 4 The Valuation of Long-Term Securities After studying Chapter 4, you should be able to: Distinguish among the various terms used to express value. Value bonds, preferred stocks, and common stocks. Calculate the rates of return (or yields) of different types of long-term securities. List and explain a number of observations regarding the behavior of bond prices. The Valuation of Long-Term Securities Distinctions Among Valuation Concepts Bond Valuation Preferred Stock Valuation Common Stock Valuation Rates of Return (or Yields) What is Value? Going-concern value represents the amo