LECTURE 1.docx

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Department
Accounting & Financial Management
Course
AFM 371
Professor
Neil Brisley
Semester
Winter

Description
Anum Hussain AFM 371 Tuesday, January 03, 2012 LECTURE 1 • Rate of return on bonds is the YTM. • The cost of issuing a bond is also YTM. • Rate of return for bondholder = cost of issuing bond for bond seller. • Shareholders require a higher rate of return than bondholders because stocks are more  risky. • CAPM compares your expected rate of return to the risk that you’re taking.  • CAPM is most used to work 
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