Equity Asset Valuation Workbook

by John D. Stowe (University of Missouri-Columbia ); Thomas R. Robinson; Jerald E. Pinto (TRM Services ); Dennis W. McLeavey (AIMO )

• ISBN13: 9780470287651
• ISBN10: 0470287659
• Edition: Workbook
• Format: Paperback
• Copyright: 2008-08-01
• Publisher: Wiley

Summary

In the book Equity Asset Valuation, experts John Stowe, Thomas Robinson, Jerald Pinto, and Dennis McLeavey fully detail the contemporary techniques used to determine the intrinsic value of an equity security, and show readers how to successfully apply these techniques in both foreign and domestic markets. In the Equity Asset Valuation Workbook, they offer you a wealth of practical information and exercises that will further enhance your understanding of this discipline. This detailed study guide--which parallels Equity Asset Valuation chapter by chapter--contains concise summary overviews of the chapters, challenging problems, and a complete set of solutions. Engaging and accessible, Equity Asset Valuation Workbook reviews essential concepts you must be familiar with in order to excel at this endeavor. Topics covered include: * The equity valuation process * Discounted dividend valuation * Free cash flow valuation * Market-based valuation--including price multiples * Residual income valuation * And much more

Author Biography

John D. Stowe, CFA, is Head, CFA Program Content at CFA Institite.

Thomas R. Robinson, CFA, is Head, Educational Content, in the Education Division of CFA Institute.

Jerald E. Pinto, CFA, is Director, Curriculum Projects, at CFA Institute.

Dennis W. McLeavey, CFA, is Head, Education EMEA, at CFA Institute.

Table of Contents

Learning Outcomes, Summary Overview, and Problems
The Equity Valuation Process	p. 3
Learning Outcomes	p. 3
Summary Overview	p. 4
Problems	p. 5
Discounted Dividend Valuation	p. 9
Learning Outcomes	p. 9
Summary Overview	p. 10
Problems	p. 13
Free Cash Flow Valuation	p. 22
Learning Outcomes	p. 22
Summary Overview	p. 23
Problems	p. 24
Market-Based Valuation: Price Multiples	p. 35
Learning Outcomes	p. 35
Summary Overview	p. 36
Problems	p. 38
Residual Income Valuation	p. 45
Learning Outcomes	p. 45
Summary Overview	p. 46
Problems	p. 47
Solutions
The Equity Valuation Process	p. 55
Solutions	p. 55
Discounted Dividend Valuation	p. 58
Solutions	p. 58
Free Cash Flow Valuation	p. 67
Solutions	p. 67
Market-Based Valuation: Price Multiples	p. 78
Solutions	p. 78
Residual Income Valuation	p. 85
Solutions	p. 85
About the CFA Program	p. 93
Table of Contents provided by Ingram. All Rights Reserved.