Navigate equity investments and asset valuation with confidenceEquity Asset Valuation, Third Edition
blends theory and practice to paint an accurate, informative picture of
the equity asset world. The most comprehensive resource on the market,
this text supplements your studies for the third step in the three-level
CFA certification program by integrating both accounting and finance
concepts to explore a collection of valuation models and challenge you
to determine which models are most appropriate for certain companies and
circumstances. Detailed learning outcome statements help you navigate
your way through the content, which covers a wide range of topics,
including how an analyst approaches the equity valuation process, the
basic DDM, the derivation of the required rate of return within the
context of Markowitz and Sharpe's modern portfolio theory, and more.Equity
investments encompass the buying and holding of shares of stock in the
anticipation of collecting income from dividends and capital gains.
Determining which shares will be profitable is key, and an array of
valuation techniques is applied on today's market to decide which stocks
are ripe for investment and which are best left out of your portfolio.Access the most comprehensive equity asset valuation text on the marketLeverage
detailed learning outcome statements that focus your attention on key
concepts, and guide you in applying the material accurately and
effectivelyExplore a wide range of essential topics, such as
the free cash flow approach, valuation using Graham and Dodd type
concepts of earning power, associated market multiples, and residual
income modelsImprove your study efforts by leveraging the text during your CFA certification program prepEquity Asset Valuation, Third Edition
is a comprehensive, updated text that guides you through the
information you need to know to fully understand the general analysis of
equity investments.