This document presents equations for calculating changes in stock prices based on dividends, earnings, and other factors. It also provides formulas for determining the present value of future cash flows from stocks. Key points discussed include:
1) The change in a stock's price is equal to the change in present value of future dividends, where present value depends on the discount rate.
2) The discount rate used to calculate present value is based on the stock's required rate of return, which includes risk premiums above the risk-free rate.
3) Other factors like unexpected earnings changes can also impact a stock's price in addition to dividends and required return.
This document presents equations for calculating changes in stock prices based on dividends, earnings, and other factors. It also provides formulas for determining the present value of future cash flows from stocks. Key points discussed include:
1) The change in a stock's price is equal to the change in present value of future dividends, where present value depends on the discount rate.
2) The discount rate used to calculate present value is based on the stock's required rate of return, which includes risk premiums above the risk-free rate.
3) Other factors like unexpected earnings changes can also impact a stock's price in addition to dividends and required return.
Ważniejsze zasady egzaminu maturalnego w 2010 roku. Inspiracją do prezentacji był projekt zamieszczony na stronie www.czacki.waw.pl
Pozdrowienia dla pana M.S :)
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Ważniejsze zasady egzaminu maturalnego w 2010 roku. Inspiracją do prezentacji był projekt zamieszczony na stronie www.czacki.waw.pl
Pozdrowienia dla pana M.S :)
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