第09 股饲票估值(中英文).pptVIP

Chapter 9 Valuing Stocks 股票估值 Chapter Outline 9.1 Stock Prices, Returns, and the Investment Horizon 9.2 The Dividend-Discount Model 9.3 Total Payout and Free Cash Flow Valuation Models 9.4 Valuation Based on Comparable Firms 9.5 Information, Competition, and Stock Prices Chapter Outline 9.1股价、回报率与投资期限9.2红利折现模型9.3总支付和自由现金流估值模型9.4基于可比公司的估值9.5信息、竞争和股票价格 Learning Objectives Describe, in words, the Law of One Price value for a common stock, including the discount rate that should be used. Calculate the total return of a stock, given the dividend payment, the current price, and the previ