企业净现值全面概述(英文版)(ppt 30页)

企业净现值全面概述(英文版)目录：
1 The One-Period Case
2 The Multiperiod Case
3 Compounding Periods
4 Simplifications
5 What Is a Firm Worth?
6 Summary and Conclusions

 

企业净现值全面概述(英文版)内容提要：
The Multiperiod Case: Future Value：
Suppose that Jay Ritter invested in the initial public offering of the Modigliani company. Modigliani pays a current dividend of $1.10, which is expected to grow at 40-percent per year for the next five years.
What will the dividend be in five years?
Simplifications：
Perpetuity
A constant stream of cash flows that lasts forever.
Growing perpetuity
A stream of cash flows that grows at a constant rate forever.
Annuity
A stream of constant cash flows that lasts for a fixed number of periods.
Growing annuity
A stream of cash flows that grows at a constant rate for a fixed number of periods.

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