财务管理课chap007.pptVIP

Equity Markets and Stock Valuation Chapter 7 Key Concepts and Skills Understand how stock prices depend on future dividends and dividend growth Be able to compute stock prices using the dividend growth model Understand how corporate directors are elected Understand how stock markets work Understand how stock prices are quoted Chapter Outline Common Stock Valuation Some Features of Common and Preferred Stocks The Stock Markets Cash Flows to Stockholders If you buy a share of stock, you can receive cash in two ways The company pays dividends You sell your shares, either to another investor in th