财务管理第四章长期证券的估价.pptxVIP

Chapter 4;The Valuation of Long-Term Securities;What is Value?;What is Value?;What is Value?;Bond Valuation;Important Bond Terms;Important Bond Terms;;柳化股份2011年公司债券2013年付息公告;term;;Perpetual Bond Example;;;Different Types of Bonds; V = $1,000 (PVIF10%, 30) = $1,000 (.057) = $57.00;Semiannual Compounding;;;Preferred Stock is a type of stock that promises a (usually) fixed dividend, but at the discretion of the board of directors.;;Preferred Stock Example;Common Stock Valuation;Common Stock Valuation;Dividend Valuation Model;Adjusted Dividend Valuation Model;Dividend Growth Pattern Assum