公司理财09-资本市场理论综述.pptVIP

第9章 资本市场理论综述 9.1 收益 9.2 持有期间收益率 9.3 收益统计 9.4 股票平均收益和无风险收益 9.5 风险统计 9.6 小结 9.1 收益 Returns Dollar Returns the sum of the cash received and the change in value of the asset, in dollars. Dollar Return = Dividend + Change in Market Value 例: 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. You invested $25 × 100 = $2,500. At the end of the year, you have stock worth $3,000 and cash dividends of $20. You