chapter 13
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Chapter 13. Equity Valuation. Fundamental Stock Analysis: Models of Equity Valuation. Intrinsic Value and Market Price. Dividend Discount Models: General Model. No Growth Model. No Growth Model: Example. Constant Growth Model. Constant Growth Model: Example. - PowerPoint PPT PresentationTRANSCRIPT
Essentials of Investments
© 2001 The McGraw-Hill Companies, Inc. All rights reserved.
Fourth Edition
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Bodie • Kane • Marcus1
Chapter 13
Equity Valuation
Essentials of Investments
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Fundamental Stock Analysis: Models of Equity Valuation
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Intrinsic Value and Market Price
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Dividend Discount Models:General Model
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No Growth Model
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No Growth Model: Example
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Constant Growth Model
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Constant Growth Model: Example
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Estimating Dividend Growth Rates
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Shifting Growth Rate Model
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Shifting Growth Rate Model: Example
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Specified Holding Period Model
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Partitioning Value: Growth and No Growth Components
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Partitioning Value: Example
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Partitioning Value: Example
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Price Earnings Ratios
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P/E Ratio: No expected growth
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P/E Ratio with Constant Growth
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Numerical Example: No Growth
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Numerical Example with Growth