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Valoracion Instrumentos Financieros

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Gloria Rodriguez
Gloria Rodriguez
NegóciosEconomia e finanças
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VALORATING FINANCIAL INSTRUMENT BOND STOCK RISK, RATE OF RETURN AND CAPITAL COST
BONDS ,[object Object],[object Object],[object Object],[object Object]
BOND PRICES AND YIELDS ,[object Object],[object Object],[object Object]
RATE OF RETURN ,[object Object]
VARIATION IN CORPORATE BONDS ,[object Object],[object Object],[object Object]
STOCK VALORATION STOCK MARKET
COMMON STOCK ,[object Object],[object Object],[object Object],[object Object]
COMMON STOCK ,[object Object],[object Object],[object Object],[object Object]
COMMON STOCK VALORATION ,[object Object],[object Object],[object Object]
DIVIDEND DISCOUNT MODEL ,[object Object],[object Object]
THE CONSTANT GROWTH DIVIDEND DISCOUNT MODEL ,[object Object],[object Object],[object Object]
GROWTH STOCKS AND INCOME STOCKS ,[object Object],[object Object],[object Object],[object Object]
VALUING ENTIRE BUSINESSES ,[object Object],[object Object]
RISK, RETURN, AND CAPITAL COST RATE OF RETURN MARKET INDEXES MEASURING RISK
RATES OF RETURN ,[object Object],[object Object],[object Object]
RATES OF RETURN CONT… ,[object Object],[object Object],[object Object]
MARKET INDEXES ,[object Object],[object Object],[object Object]
PREMIUM ,[object Object],[object Object],[object Object]
MEASURING RISK ,[object Object],[object Object],[object Object]
EXAMPLE 801.84 135.53 Total 14.67 3.83 28.56 2001 74.13 8.61 33.36 2000 2.82 -1.68 23.07 1999 160.78 12.68 37.43 1998 549.43 -23.44 1.31 1997 Squared Dev. Dev. From Ave. Ret. Rate of Return Year
EXAMPLE CONT…. ,[object Object],[object Object]
RISK AND DIVERSIFICATION ,[object Object],[object Object],[object Object]
EXAMPLE PORTFOLIO ANALYSIS 3.9% 16.4% 10.6% Stand. Dev. 15.2 268.7 112.7 Variance 4% 1% 5% Expected Return +8.5% -20% +18% 1/3 Boom +4.5% +3% +5% 1/3 Normal -1% +20% -8% 1/3 Recession Portfolio Return% Gold Stock Auto Stock Probability Scenario
PORTFOLIO RATE OF RETURN ,[object Object],[object Object]

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Valoracion Instrumentos Financieros

  • 1. VALORATING FINANCIAL INSTRUMENT BOND STOCK RISK, RATE OF RETURN AND CAPITAL COST
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  • 14. RISK, RETURN, AND CAPITAL COST RATE OF RETURN MARKET INDEXES MEASURING RISK
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  • 20. EXAMPLE 801.84 135.53 Total 14.67 3.83 28.56 2001 74.13 8.61 33.36 2000 2.82 -1.68 23.07 1999 160.78 12.68 37.43 1998 549.43 -23.44 1.31 1997 Squared Dev. Dev. From Ave. Ret. Rate of Return Year
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  • 23. EXAMPLE PORTFOLIO ANALYSIS 3.9% 16.4% 10.6% Stand. Dev. 15.2 268.7 112.7 Variance 4% 1% 5% Expected Return +8.5% -20% +18% 1/3 Boom +4.5% +3% +5% 1/3 Normal -1% +20% -8% 1/3 Recession Portfolio Return% Gold Stock Auto Stock Probability Scenario
  • 24.