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Chapter+9_S - Valuing Stocks Chapter 9 BDH 9.1 Stock Basics...

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Valuing Stocks Chapter 9, BDH
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Chapter Outline Chapter Outline 9.1 Stock Basics 9.2 The Dividend-Discount Model 9.3 Estimating Dividends in the Dividend- Discount Model 9.4 Total Payout and Free Cash Flow Valuation Models 9.5 Valuation Based on Comparable Firms 9.6 Information, Competition, and Stock Prices 1
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Learning Objectives Understand the features of common stock Value a stock as the present value of its expected future dividends Understand the tradeoff between dividends and growth in stock valuation Value a stock as the present value of either the company’s total payout or its free cash flows Value a stock by applying common multiples based on the values of comparable firms Compare and contrast different approaches to valuing a stock Understand how information is incorporated into stock prices through competition in efficient markets 2 Learning Objectives
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