公司理财教学资料 chap012知识课件.pptVIP

Chapter 12 Some Lessons from Capital Market History;Dollar Returns;Percentage Returns;Example – Calculating Returns;The Importance of Financial Markets;Figure 12.4;;Average Returns;Risk Premiums;Table 12.3 Average Annual Returns and Risk Premiums;Figure 12.9;Variance and Standard Deviation;Example – Variance and Standard Deviation;Insert Figure 12.10 here;Figure 12.11;Arithmetic vs. Geometric Mean;Example: Computing Averages;Efficient Capital Markets;Figure 12.13;What Makes Markets Efficient?;Common Misconceptions about EMH;Strong Form Efficiency;Semistrong Form Efficiency;Weak Form Efficiency;Quick Quiz;Comprehensive Problem;Key Concepts and Skills