lecture 1

lecture 1 - Click to edit Master subtitle style Prof Irvine...

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Unformatted text preview: Click to edit Master subtitle style Prof Irvine FINA 4310 Prof Irvine FINA 4310 Lecture 1 Introduction Overview Returns Prof Irvine FINA 4310 Prof Irvine FINA 4310 Introduction l Syllabus l Stocktrak l Group projects l Cold calling l Exams Prof Irvine FINA 4310 Prof Irvine FINA 4310 Next Class l Personal Investing l Financial asset classes and returns Reading BKM chapter 2 Prof Irvine FINA 4310 Prof Irvine FINA 4310 Holding period returns l What is the expected return on a stock next period? l What is random on the right hand side? l Watch out for leverage later +- = 1 1 1 ~ P D P P r 1 0 1 1 P P D r L E V P - + = % Prof Irvine FINA 4310 Prof Irvine FINA 4310 Capital gains and dividend yields l Our expectation of the return is the sum of dividends and price appreciation + - = 1 1 1 ~ P D P P P r Prof Irvine...
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lecture 1 - Click to edit Master subtitle style Prof Irvine...

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