Wiley India Pvt Ltd

Publication Year 2009

ISBN 9788126551804

ISBN-10 8126551801


Number of Pages 464 Pages
Language (English)


This Second Edition integrates both accounting and finance concepts to deliver a collection of valuation models, as well as challenge readers to determine which models are most appropriate for specific companies and situations. The authors provide readers with detailed learning outcome statements at the outset, illustrative in-chapter problems with solutions, and extensive end-of-chapter questions and problems with complete solutions. They cover topics including: how an analyst approaches the equity valuation process; the basic DDM; the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory; the free cash flow approach; valuation using Graham and Dodd type concepts of earning power and associated "market multiples", as well as residual income models. About the author "John D. Stowe is a Professor of Finance and Associate Dean at the University of Missouri-Columbia. He earned his Ph.D. in economics from the University of Houston. Thomas R. Robinson, Ph.D., CPA, CFP, CFA, is an Associate Professor of Accounting at the University of Miami. He earned his Ph.D. in accounting with a minor in finance from Case Western Reserve University. Jerald E. Pinto, CFA, is Director in the CFA Program Division at CFA Institute. He holds an MBA from Baruch College and a Ph.D. in finance from the Stern School. Dennis W. McLeavey, CFA, is Director responsible for curriculum at CFA Institute. He holds a doctorate in production management and industrial engineering from Indiana University. With a foreword by George H. Troughton, Ph.D., CFA, is a Professor of Finance at California State University, Chico. He holds a Ph.D. in finance from the University of Massachusetts-Amherst.Thomas R. Robinson, is Head, Educational Content, in the Education Division of CFA Institute.Jerald E. Pinto is Director, Curriculum Projects at CFA Institute.Dennis W. McLeavey is Head, Education EMEA at CFA Institute."

More from Author