Textbook Notes for Kenneth Vetzal

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UWAFM273Kenneth VetzalFall

AFM 273 Chapter 4: C4: Time-Value-of-Money

Penny Le8 Page
16 Oct 2016
8
A cash flow involves either receiving or paying money if money is received (a cash inflow), the sign of the cash flow is positive if money is paid (a c
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 6: Spot Contract, Net Present Value, Corporate Bond

Penny Le5 Page
16 Oct 2016
10
Bond: security sold by governments and corporations to raise money from investors today in exchange for the promised future payment. Bond indenture: te
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 12: Risk-Free Interest Rate, Market Portfolio, Risk Premium

Penny Le6 Page
5 Dec 2016
3
Cost of capital is the best expected return available in the market for investments of similar risk. Can calculate return easily if the 3 parameters ar
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UWAFM273Kenneth VetzalFall

AFM 273 Chapter 7: C7 Valuing Stocks

Penny Le9 Page
4 Nov 2016
11
Law of one price implies that to value any security, we must determine the expected cash flows an investor will receive from owning it. Dividend discou
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 2: Net Income, Gross Profit, Asset Turnover

Penny Le4 Page
14 Oct 2016
10
Public firms are required to issue a variety of financial statements with past performance information. Must be prepared in accordance to gaap/ifrs, ch
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 11: Weighted Arithmetic Mean, Expected Return, Covariance

Penny Le8 Page
7 Dec 2016
4
We can describe a portfolio by its portfolio weights: how much of each investment makes up the portfolio. If xi is the weighted average of portfolio, t
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 1: Ask Price, Bid Price, Corporate Raid

Penny Le4 Page
14 Oct 2016
13
1. 1 the three types of firms: sole proprietorship: owned and run by 1 person. Key characteristics: easy and inexpensive to set up. The most common typ
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 5: Net Present Value, Annual Percentage Rate, Real Interest Rate

Penny Le7 Page
16 Oct 2016
8
Recall the formula for the present value of a growing annuity with n payments, the first being c1: As emphasized earlier, this formula assumes that the
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UWAFM273Kenneth VetzalFall

AFM 273 Chapter 11: Portfolio and CAPM

OC9691237 Page
16 Jan 2017
2
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 2: Price–Earnings Ratio, Operating Margin, Financial Statement

OC24673641 Page
26 Jun 2018
0
Capital leases: long-term lease contracts that obligate the firm to make regular lease payments in exchange for an asset. Future income taxes: an accou
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 1: Limited Liability Partnership, Sole Proprietorship, Limited Liability

OC24043393 Page
18 May 2018
0
Life of a sole proprietorship is limited to the life of the owner: a partnership is similar to the sole proprietorship but it has more than one owner,
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UWAFM273Kenneth VetzalFall

AFM273 Chapter Notes - Chapter 9: Capital Gains Tax, Leverage (Finance)

OC24673641 Page
26 Jun 2018
0
For t = 1, ucc 1 = 0. 5 * capex. For t >= 2, ucc t = capex * (1 d/2) * (1 d) ( t - 2 ) Unlevered net income = (rev costs cca) * (1 t c) Net working cap
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