topic1valuationoffuturecashflows(未来现金流定.pdfVIP

EC50002 Global Financial Markets Topic 1 Valuation of Future Cash Flows Reading 鈥 Bodie, Merton and Cleeton, Financial Economics 鈥 Chapter 4 1鈭? Outline 鈥 Rate of Return 鈥 Future Value and Present Value 鈥 Compound Interest 鈥 Rule of 72 鈥 Perpetuities 鈥 Values of consols and stocks 鈥 Annuities 鈥 Loan Amortisation