IV: Interest Rates, Valuation, and Return
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- 12: Fixed Income Valuation
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- 12.1: Chapter Twelve- Learning Outcomes
- 12.2: Security Return- The Holding Pattern Return (Raw Calculation)
- 12.3: Valuation Premise
- 12.4: Fixed Income Securities- Bond Components and Valuation Formula
- 12.5: Fixed Income Securities- Dollar Price and Yield-to-Maturity
- 12.6: Bond Dollar Prices- Discount, Par, and Premium
- 12.7: The True Price of a Bond
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- 13: Interest Rates
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- 13.1: Chapter Thirteen- Learning Outcomes
- 13.2: Interest Rates- Returns to Investors; Cost to the Corporation
- 13.3: Inside the Banker’s Brain
- 13.4: Fixed Income Risks
- 13.5: Interest Rate and Reinvestment Rate Risks
- 13.6: Credit Ratings
- 13.7: The Yield Curve
- 13.8: The Term Structure of Interest Rates- Four Yield Curve Theories
- 13.9: Credit Spreads
- 13.10: High Yield Securities- Junk Bonds and Other Speculative Securities
- 13.11: Summary- Interest Rates, the Corporation, and Financial Markets
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- 14: Equity Valuation and Return Measurement
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- 14.1: Chapter Fourteen- Learning Outcomes
- 14.2: The Philosophy of Equity Valuation
- 14.3: Equity Valuation
- 14.4: The Dividend Discount Model (DDM)- Fixed Dividend or No- Growth Version
- 14.5: The Dividend Discount Model (DDM)- Constant Growth Version
- 14.6: Dividend Discount Model (DDM) (Problems)
- 14.7: Dividend Discount Model (Solutions)
- 14.8: What About Quarterly Dividends?
- 14.9: Components of the Dividend Discount Model
- 14.10: A Closer Look at Dividend Growth
- 14.11: Summary of DDM Variables' Sources
- 14.12: Value Prediction Problem
- 14.13: A Qualitative Look at The Discount Rate
- 14.14: Business Ethics - The Small Investor's Experience of Insider Trading
- 14.15: Capital Gains
- 14.16: Portfolio Return (Weighted Averages)
- 14.17: The Geometric Average Return- Multi-year Returns
- 14.18: Chapters 12-14- Review Questions