CONTENTS

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Preface

PART 1 TIME VALUE OF MONEY

Chapter 1 Single Cash Flow

1.1 Present Value

1.2 Future Value

Problems

Chapter 2 Annuity

2.1 Present Value

2.2 Future Value

2.3 System of Four Annuity Variables

Problems

Chapter 3 Net Present Value

3.1 Constant Discount Rate

3.2 General Discount Rate

Problems

Chapter 4 Real and Inflation

4.1 Constant Discount Rate

4.2 General Discount Rate

Problems

Chapter 5 Loan Amortization

5.1 Basics

5.2 Sensitivity Analysis

Problems

PART 2 VALUATION

Chapter 6 Bond Valuation

6.1 Basics

6.2 By Yield To Maturity

6.3 System Of Five Bond Variables

6.4 Dynamic Chart

Problems

Chapter 7 Stock Valuation

7.1 Two Stage

7.2 Dynamic Chart

Problems

Chapter 8 The Yield Curve

8.1 Obtaining It From Bond Listings

8.2 Using It To Price A Coupon Bond

8.3 Using It To Determine Forward Rates

Problems

Chapter 9 U.S. Yield Curve Dynamics

9.1 Dynamic Chart

Problems

PART 3 CAPITAL BUDGETING

Chapter 10 Project NPV

10.1 Basics

10.2 Forecasting Cash Flows

10.3 Working Capital

10.4 Sensitivity Analysis

Problems

Chapter 11 Cost-Reducing Project

11.1 Basics

11.2 Sensitivity Analysis

Problems

Chapter 12 Break-Even Analysis

12.1 Based On Accounting Profit

12.2 Based On NPV

Problems

Chapter 13 Three Valuation Methods

13.1 Adjusted Present Value

13.2 Flows To Equity

13.3 Weighted Average Cost of Capital

Problems

PART 4 FINANCIAL PLANNING

Chapter 14 Corporate Financial Planning

14.1 Actual

14.2 Forecast

14.3 Cash Flow

14.4 Ratios

14.5 Sensitivity

14.6 Full-Scale Real Data

Problems

Chapter 15 Du Pont System of Ratio Analysis

15.1 Basics

Problems

Chapter 16 Life-Cycle Financial Planning

16.1 Basics

Problems

PART 5 OPTIONS AND CORPORATE FINANCE

Chapter 17 Binomial Option Pricing

17.1 Single Period

17.2 Multi-Period

17.3 Risk Neutral

17.4 Full-Scale Real Data

Problems

Chapter 18 Black Scholes Option Pricing

18.1 Basics

18.2 Dynamic Chart

18.3 Continuous Dividend

18.4 Implied Volatility

Problems

Chapter 19 Debt and Equity Valuation

19.1 Two Methods

19.2 Impact of Risk

Problems

Chapter 20 Real Options

20.1 Using Black-Scholes

20.2 Using The Binomial Model

20.3 Sensitivity to Standard Deviation

Problems

Preface

PART 1 TIME VALUE OF MONEY

Chapter 1 Single Cash Flow

1.1 Present Value

1.2 Future Value

Problems

Chapter 2 Annuity

2.1 Present Value

2.2 Future Value

2.3 System of Four Annuity Variables

Problems

Chapter 3 Net Present Value

3.1 Constant Discount Rate

3.2 General Discount Rate

Problems

Chapter 4 Real and Inflation

4.1 Constant Discount Rate

4.2 General Discount Rate

Problems

Chapter 5 Loan Amortization

5.1 Basics

5.2 Sensitivity Analysis

Problems

PART 2 VALUATION

Chapter 6 Bond Valuation

6.1 Basics

6.2 By Yield To Maturity

6.3 System Of Five Bond Variables

6.4 Dynamic Chart

Problems

Chapter 7 Stock Valuation

7.1 Two Stage

7.2 Dynamic Chart

Problems

Chapter 8 The Yield Curve

8.1 Obtaining It From Bond Listings

8.2 Using It To Price A Coupon Bond

8.3 Using It To Determine Forward Rates

Problems

Chapter 9 U.S. Yield Curve Dynamics

9.1 Dynamic Chart

Problems

PART 3 CAPITAL BUDGETING

Chapter 10 Project NPV

10.1 Basics

10.2 Forecasting Cash Flows

10.3 Working Capital

10.4 Sensitivity Analysis

Problems

Chapter 11 Cost-Reducing Project

11.1 Basics

11.2 Sensitivity Analysis

Problems

Chapter 12 Break-Even Analysis

12.1 Based On Accounting Profit

12.2 Based On NPV

Problems

Chapter 13 Three Valuation Methods

13.1 Adjusted Present Value

13.2 Flows To Equity

13.3 Weighted Average Cost of Capital

Problems

PART 4 FINANCIAL PLANNING

Chapter 14 Corporate Financial Planning

14.1 Actual

14.2 Forecast

14.3 Cash Flow

14.4 Ratios

14.5 Sensitivity

14.6 Full-Scale Real Data

Problems

Chapter 15 Du Pont System of Ratio Analysis

15.1 Basics

Problems

Chapter 16 Life-Cycle Financial Planning

16.1 Basics

Problems

PART 5 OPTIONS AND CORPORATE FINANCE

Chapter 17 Binomial Option Pricing

17.1 Single Period

17.2 Multi-Period

17.3 Risk Neutral

17.4 Full-Scale Real Data

Problems

Chapter 18 Black Scholes Option Pricing

18.1 Basics

18.2 Dynamic Chart

18.3 Continuous Dividend

18.4 Implied Volatility

Problems

Chapter 19 Debt and Equity Valuation

19.1 Two Methods

19.2 Impact of Risk

Problems

Chapter 20 Real Options

20.1 Using Black-Scholes

20.2 Using The Binomial Model

20.3 Sensitivity to Standard Deviation

Problems