FinMath covers these topics
- Valuation of cash flows, including time value, all types of annuities, APR, EAR, perpetuities, mixed cash flows, and cash flows with terminal value.
- Valuation of bonds and stocks. Bond pricing, bond yield, clean price, full price, duration, convexity. Stock price, dividends, dividend growth, earnings and investments, supernormal growth, stock yield.
- Risk and return. Uncertainty, variance, covariance, portfolio diversification, systematic and un-systematic risk. The risk-free asset, the market portfolio, CAPM, stock beta, portfolio beta.
- Cost of capital. Firm and project risk, risk and return sharing, cost of equity, cost of debt, WACC, capital structure of a firm, project financing and valuation.
- Asset valuation. Project and firm cash flows, net present value, internal rate of return, NPV profile, project and firm valuation, treatment of revenues, costs, depreciation and working capital. Investment valuation.
Our App includes a new E-Book
The App has features such as:
- - Intelligent coach that creates problems on the fly.
- - Capacity to create potentially infinitely many problems.
- - References include an e-textbook & context sensitive help.
- - On-demand guidance, formulae and even solutions to problems.
- - Custom homework and test environment for self-paced learning.
- - Background e-mail or written report to instructor for evaluation.
