曼昆经济学原理英文课件princ-ch27.pptVIP

* * Even a portfolio with 40 stocks still has risk because you just can’t eliminate market risk through diversification. * * * * * * * * It’s easy to look up the price. But how does one determine the stock’s value? * The objective of this exercise is to help students see for themselves that the value of a share of stock equals the present value of dividends received plus the present value of the final sale price. Some students may need a hint to get started. * * * * This brief exercise gets students thinking about whether it is possible to pick good stocks. They will feel more invested