PROGRAMMA UNIVERSITÀ SPRING SEMESTER 2024

-
119/01 SEM /
POLITICAL THEORY
22/01 SEM ,
&

23/01 LEC
24/01 LEL ,

25/01 SEM
·

-
&
ESAMI !I
29/01 SEM
HISTORY 12/02
WORLD ECONOMIC
·
.

30/01 LEC
FINANCE 22/02-Globalization 23/02
.

31/01 LEC
1/02 SEM .
&
ECONOMIC TMINKING 21/03
5002 SEG .
·

6/02 LEC .

7/02 EC .

8/02 SEM .
·

LLEC .

INTERNATIONAL ORGANIZATION
/02 LEC .

21-02 LEC .

23/02 LEC .

*
26/02 SEM .

28/02 LEC
1/03 LEC .

4/03 SEM .
a

00L
6/03 LEE
comp
~
.

8/03 LEE .

11/03 SEM .
a
3/84 SEM ,
19/04 LEE .

19/03 LEE .
5/04 SEM . 23/04 ESAME
21/03 LEZ .
10104 LEZ .

26/03 LEE .
11/04 LEZ .

28/03 LEE .
13/04 LEZ .

2/04 SEM , 16/04 SEM

.
 NASDAQ SEC MARK
.
.
=

NO INVOLUMENT OF COMPANY

DEBT +
EQUITY T SECURITIES
CAPITAL STRUCTURE

BONA CERTIFICINE
su !
APR =
No
6 BiMonthly
APRM
2

6) 12 6 %
12

(1 + = (1 + - 1 =
,
6
MortHal 1 + EAR =

↓
 ANNUAL DiU = 1 20
,
.

EQuTG . =
C.C 10 %

Po = iv O
= = 12

AVARAGE

15

7 667 %
Avare 37
22 = 3
, 22 (19 - 13
,

(12 15,5)
-

5
-

E 12 25 +
,
2 25
1300
,

d
6679+ ).........

I
2 14,6 3,
- -

Or = LOT
T
-
=
, 17
0

STDEV =
NOTES = 0
,
42
42%

NOV = PV (BEveris) PUlasis)

-
=
G 1230 =OSol
=

048 .
10
 Volatility (Standard) dev ) .
=

numbers
-
Do 'avarage of given
-
take each number -
the carage raised to 2 (-14 6,
-

3, 667)+ (4 0 667)
,
-
3, ....

(6) mitus 1 so ( 00 e
- the result of that long formula must be divided
by the no of numbers
,

which is the variance

the variance put under V

gives
the standard deviation

NASDAQ
market cuz no only investors
secondary company ,

Capital structure

debt repritit securities

Financial statement
conditions of firm
(long Financial
short a
overview of

In
definetly/constant Dividend growth 0
model

y
=

Po =
re g
-

investment/yield/4 % interest
NPV = Pu (costs) -
Pr (Benefits)
interest
T
investment

stock price/dividend/equity cost (Price of the stock)

-

(1 + interest) X stock price

- the result minus dividend

rate, semiannual)
Coupon payment (bond .
coupon

Corporate 10000
- 450
= X
Cp : Face value x
=

↑ ↑
carpon rate/2
bond semiannual
 EAR (loan ,
interest compounded monthly 12)
M

( + PR / -
1 = APR interest
=

(1 + 2)" -
1 = 7, 23%

↳E
(dividend yield , cost of
equity capital)
=is
Aut
dividend
growth of :

invest share
suppose you ,

-
↳ X SHARES + U < SHARES = X
,

-
h X SHARES + hX SHANS =
A
c , :

I x%
-

invest now
, yeld in future with interest (NPV)
investment (yield)
Eur e =
X
1 + interest rate

=
X-investment row =
NPU of this investment
 IV =
40 mla
mat .
=
Toyo
D. = 740

2000000 X 17 tTo

STOCE PRICE =13 00

(1) XST P
.

.
.
DIVIDEND = 0 . 00
EQUITY 1 C
.. = 12

②
L

CUPONI FACE VALUE X CUPON RACE

40000000
X

C[10 ,
000
x
2 = 150 7

·R = ( + 1
,
0746 -
1 = u
7, 19 /o

430/0

PET-
DIV =
I
y

&
.

.
c E .
c =
10%