Dr. P.V. Viswanath

pviswanath@pace.edu

• Chapter 4
• Chapter 7
• Chapter 8
• Chapter 9
• Chapter 10
• Chapter 11
• Chapter 12
• Chapter 14
• Chapter 18
• Chapter 19
• Chapter 20

Chapter 4: The Basics of Risk

Concepts

• Measuring Risk
  • Standard Deviation
  • Beta
• Diversifiable and Non-diversifiable Risk
• Capital Asset Pricing Model
• Arbitrage Pricing Model
• Default Risk

Chapter 7: Riskless Rates and Risk Premiums

Concepts

• Risk-free Rate
• Equity Risk Premium
• Country Risk Premiums
• Implied Equity Risk Premium
• Bond Default Spreads
• What is the right discount rate to use in valuing an asset?

Chapter 8: Estimating Risk Parameters and Costs of Financing

Concepts

• Estimating Historical beta (regression)
• Bottom up beta
• Fundamental Beta
• Cost of debt
  • Estimating Default Spreads for the debt
  • Estimating Tax Rates
• Capitalizing Operating Leases
• Computing Equity and Debt weights

Chapter 9: Measuring Earnings

Concepts

Chapter 10: From Earnings to Cashflows

Concepts

Chapter 11: Estimating Growth

Concepts

Chapter 12: Closure in Valuation: Estimating Terminal Value

Concepts

Chapter 14: Free Cash Flow to Eauity Discount Models

Concepts

Chapter 18: Earnings Multiples

Concepts

Chapter 19: Book Value Multiples

Concepts

• cash dividend
• ex-dividend date
• stock dividend

Chapter 20: Revenue Multiples and Ssector-Specific Multiples

Concepts