TAILIEUCHUNG - Lecture note Essentials of corporate finance – Chater 10: Some lessons from capital market history

This lecture introduces you to some lessons from capital market history. After completing this unit, you should be able to: Know how to calculate the return on an investment, understand the historical returns on various types of investments, understand the historical risks on various types of investments. | 10- Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10- Key Concepts and Skills Understand: How to calculate the return on an investment The historical returns on various types of investments The historical risks on various types of investments The implications of market efficiency 10- Chapter Outline Returns The Historical Record Average Returns: The First Lesson The Variability of Returns: The Second Lesson More on Average Returns Capital Market Efficiency 10- Risk–Return Tradeoff Two key lessons from capital market history: There is a reward for bearing risk The greater the potential reward, the greater the risk 10- Dollar & Percent Returns Total dollar return = the return on an investment measured in dollars $ Return = Dividends + Capital Gains Capital Gains = Price received – Price paid Total percent return = the return on an investment measured as a percentage of the original

• Tài chính doanh nghiệp
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Business organisation
• Capital market history
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• International corporate finance
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions