Premium Essay

838 Cheat Sheet

In: Business and Management

Submitted By woaiwei0308
Words 3602
Pages 15
Topic 1 business valuation introduction
Financial assets
Three main types: 1.fixed interest or Debt 2.Shares or Equity 3. Derivative Securities (Futures, Options)
Fixed interest: 1.Payments fixed or determined by a formula 2. Money market debt: short, term, highly marketable(市场的), usually low credit risk 3. Capital market debt: long term bonds, can be safe or risky 4.Subject to Interest Rate movements (Yield Curve) and Credit Risk
Equity Securities: 1.ownership of a corporate entity 2.secondary markets liquid and low cost 3.Residual claim on assets after debt 4. Limited liability (no resource for debtors) 5. Receive dividends& franking credits 6.most volatile asset class (30% typical) 6.most volatile asset class(类别) 7. Highest return asset class
How firms issue securities(有价证券)
Primary Market (IPO) 1. Firms issue new securities through underwriter(承销商) to public 2. Investors get new securities, firm gets funding
Secondary market
Investors trade previously issued securities on financial markets
Financial market and the Economy
1.Information Role: Capital flows to companies with best prospects 2. Consumption Timing: Use securities to store wealth 3. Allocation of Risk: Investors can select securities consistent with their tastes for risk 4.Separation of Ownership and Management: With stability comes agency problems
Efficient Market Hypothesis (EMH) 1. Weak EMH: Prices reflect all past information. →Cannot make money from charting. (记录表格) 2. Semi-strong EMH: Prices reflect all past and current public information. → Fund managers cannot consistently outperform index funds preferable. 3. Strong EMH: Prices reflect all past and current public and private information. →Cannot make money form insider trading
The relationship Between liquidity and Average returns→ positive relationship ( curve)

Topic 2 Present Value of Cash Flows
Annual...

Similar Documents

Free Essay

Cheating

... Cheating: * Any attempt to give or obtain assistance in a formal academic exercise (like an examination) without due acknowledgment. * dishonesty and breaking the rules. Reasons of cheating 1. Performance concerns * Need to excel at any cost 2. External pressures * Academic * Semester workload too heavy * Others’ cheating puts me at disadvantage * Professor/text did not adequately explain material * Too many tests on one day * Nonacademic * Pressure from parents * Job leaves no time for study * Illness prevents adequate preparation * GPA for athletic qualification * Financial aid depends on GPA * Good grades needed for job or graduate school 3. Unfair professors * Overly harsh grading * Unfair tests designed to fail students * Unreasonable workload in course 4. Lack of effort * Did not attend class * Did not study, do reading, etc. 5. Adherence to other loyalties * Helping a friend * Loyalty to a group (fraternity) 6. All’s fair in love and academia 7. Opportunity * Unexpected opportunity arose * Instructor left room during exam * Instructor wasn’t watching carefully * Other students didn’t cover their paper 8. Campus ethos * Others do it * No one ever really gets punished/caught Some ways of cheating 1. Copying......

Words: 3122 - Pages: 13

Free Essay

600 Mostl Used Words

...| 1 the 2 of 3 and 5 a 5 to 6 in 8 is 9 be 9 that 9 was 10 he 11 for 11 it 14 with 15 as 15 his 17 I 17 on 18 have 19 at 20 by 20 not 21 they 21 this 22 had 24 are 25 but 26 from 27 or 28 she 29 an 30 which 30 you 31 one 32 we 34 all 34 were 35 her 35 would 36 there 40 their 40 will 41 when 41 who 42 him 43 been 44 has 44 more 45 if 45 no 47 out 48 do 49 so 50 can 50 what 52 up 53 said 54 about 54 other 55 into 55 than 56 its 57 time 59 only 60 could 60 new 60 them ...

Words: 12086 - Pages: 49

Premium Essay

The Six Sigma Handbook

...The Six Sigma Handbook Revised and Expanded A Complete Guide for Green Belts, Black Belts, and Managers at All Levels THOMAS PYZDEK McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto Copyright © 2003 by The McGraw-HIll Companies, Inc. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 0-07-141596-3 The material in this eBook also appears in the print version of this title: 0-07-141015-5. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve......

Words: 236475 - Pages: 946

Premium Essay

Jpmorgan Matrix Structure

...managing NOW! Gary Dessler Florida International University Jean Phillips Rutgers University Houghton Mifflin Company Boston New York To Samantha Vice President, Executive Publisher: George Hoffman Executive Sponsoring Editor: Lisé Johnson Senior Marketing Manager: Nicole Hamm Development Editor: Julia Perez Cover Design Manager: Anne S. Katzeff Senior Photo Editor: Jennifer Meyer Dare Senior Project Editor: Nancy Blodget Editorial Assistant: Jill Clark Art and Design Manager: Jill Haber Senior Composition Buyer: Chuck Dutton Cover photo credits Main image: © Bryan F. Peterson/CORBIS Lower left image: © Stockbyte/Getty Images Lower right image: © David Oliver/Getty Images Additional photo credits are listed on page 516. Copyright © 2008 by Houghton Mifflin Company. All rights reserved. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage or retrieval system without the prior written permission of Houghton Mifflin Company unless such copying is expressly permitted by federal copyright law. Address inquiries to College Permissions, Houghton Mifflin Company, 222 Berkeley Street, Boston, MA 02116-3764. Printed in the U.S.A. Library of Congress Control Number: 2007924351 Instructor’s exam copy : ISBN-13: 978-0-618-83347-4 ISBN-10: 0-618-83347-1 For orders, use student text ISBNs: ISBN-13: 978-0-618-74163-2 ISBN-10: 0-618-74163-1 1 2 3 4 5 6......

Words: 96057 - Pages: 385

Premium Essay

Quiet: Power of Introverts

...MORE ADVANCE NOISE FOR QUIET “An intriguing and potentially lifealtering examination of the human psyche that is sure to benefit both introverts and extroverts alike.” —Kirkus Reviews (starred review) “Gentle is powerful … Solitude is socially productive … These important counterintuitive ideas are among the many reasons to take Quiet to a quiet corner and absorb its brilliant, thought-provoking message.” —ROSABETH MOSS KANTER, professor at Harvard Business School, author of Confidence and SuperCorp “An informative, well-researched book on the power of quietness and the 3/929 virtues of having a rich inner life. It dispels the myth that you have to be extroverted to be happy and successful.” —JUDITH ORLOFF, M.D., author of Emotional Freedom “In this engaging and beautifully written book, Susan Cain makes a powerful case for the wisdom of introspection. She also warns us ably about the downside to our culture’s noisiness, including all that it risks drowning out. Above the din, Susan’s own voice remains a compelling presence—thoughtful, generous, calm, and eloquent. Quiet deserves a very large readership.” —CHRISTOPHER LANE, author of Shyness: How Normal Behavior Became a Sickness 4/929 “Susan Cain’s quest to understand introversion, a beautifully wrought journey from the lab bench to the motivational speaker’s hall, offers convincing evidence for valuing substance over style, steak over sizzle, and qualities that are, in America, often derided. This book is......

Words: 118436 - Pages: 474

Free Essay

Physics

...Introductory Physics I Elementary Mechanics by Robert G. Brown Duke University Physics Department Durham, NC 27708-0305 rgb@phy.duke.edu Copyright Notice Copyright Robert G. Brown 1993, 2007, 2013 Notice This physics textbook is designed to support my personal teaching activities at Duke University, in particular teaching its Physics 141/142, 151/152, or 161/162 series (Introductory Physics for life science majors, engineers, or potential physics majors, respectively). It is freely available in its entirety in a downloadable PDF form or to be read online at: http://www.phy.duke.edu/∼rgb/Class/intro physics 1.php It is also available in an inexpensive (really!) print version via Lulu press here: http://www.lulu.com/shop/product-21186588.html where readers/users can voluntarily help support or reward the author by purchasing either this paper copy or one of the even more inexpensive electronic copies. By making the book available in these various media at a cost ranging from free to cheap, I enable the text can be used by students all over the world where each student can pay (or not) according to their means. Nevertheless, I am hoping that students who truly find this work useful will purchase a copy through Lulu or a bookseller (when the latter option becomes available), if only to help subsidize me while I continue to write inexpensive textbooks in physics or other subjects. This textbook is organized for ease of presentation and ease of learning. In particular, they......

Words: 224073 - Pages: 897