公司理财课件第九章chpt009.pptVIP

Chapter Outline 9.1 Returns 9.2 Holding-Period Returns 9.3 Return Statistics 9.4 Average Stock Returns and Risk-Free Returns 9.5 Risk Statistics 9.6 Summary and Conclusions 9.1 Returns Dollar Returns the sum of the cash received and the change in value of the asset, in dollars. 9.1 Returns Dollar Return = Dividend + Change in Market Value 9.1 Returns: Example Suppose you bought 100 shares of Wal-Mart (WMT) one year ago today at $25. Over the last year, you received $20 in dividends (= 20 cents per share × 100 shares). At the end of the year, the stock sells for $30. How did you do? Quite well