Bài giảng Chương 4: Cổ phiếu

Tom tat Bai giang Chuong 4: Co phieu: ..., gia ban moi CP tren thi truong la 25.000d. Biet rang quy tich luy dung cho dau tu con lai tinh den cuoi nam 2007 la 10 ty dong. Tinh gia tri so sach cua CP1 Gia tri so sach Gia tri so sach 3. Gia tri thi truong (market value) Duoc xac dinh theo gia tri tai mot thoi diem tren thi truong GIA TRI THI... lai suat thi truong. ׀β׀[E(Rm )– Rf)] la loi suat bu rui ro cua co phieu i [E(Rm )– Rf)] la loi suat bu rui ro cua thi truong (risk premium/ market premium) E(Rm ) la lai suat thi truong Loi suat yeu cau – CAPM CAPM voi cac nuoc dang phat trien Mo hinh CAPM mo rong doi voi cac nuoc dang phat trien ...so P/E qua bang can doi ke toan1: - Uoc tinh ty le tra co tuc du kien cua cong ty, D1/E1 bang viec phan tich lich su tra co tuc, muc tieu cua cong ty va nganh - Uoc tinh loi suat yeu cau tren von chu cua cong ty; R=RFR+ β(Rmkt - Rf ) - Uoc tinh ty le tang truong du kien g=bxROE. ROE co the duoc tinh...