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This document provides definitions for commonly used notation in finance and investments. It defines over 50 shorthand symbols used to represent key concepts such as rates of return, prices, values, and statistical measures. Common symbols include r for rate of return, P for price, PV for present value, and σ for standard deviation.
Originalbeschreibung:
commonly used notation sheet for Bodie Kane Marcus "Investments" 9th ed
This document provides definitions for commonly used notation in finance and investments. It defines over 50 shorthand symbols used to represent key concepts such as rates of return, prices, values, and statistical measures. Common symbols include r for rate of return, P for price, PV for present value, and σ for standard deviation.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PDF, TXT herunterladen oder online auf Scribd lesen
This document provides definitions for commonly used notation in finance and investments. It defines over 50 shorthand symbols used to represent key concepts such as rates of return, prices, values, and statistical measures. Common symbols include r for rate of return, P for price, PV for present value, and σ for standard deviation.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PDF, TXT herunterladen oder online auf Scribd lesen
b Retention or plowback ratio rf The risk-free rate of interest
C Call option value rM The rate of return on the market CF Cash flow portfolio
D Duration ROE Return on equity, incremental
economic earnings per dollar E Exchange rate reinvested in the firm E(x) Expected value of random variable x Sp Reward-to-volatility ratio of a F Futures price portfolio, also called Sharpe’s measure; the excess expected return e 2.718, the base for the natural divided by the standard deviation logarithm, used for continuous compounding t Time ei t The firm-specific return, also called Tp Treynor’s measure for a portfolio, the residual return, of security i in excess expected return divided by period t beta f Forward rate of interest V Intrinsic value of a firm, the present value of future dividends per share g Growth rate of dividends X Exercise price of an option H Hedge ratio for an option, sometimes called the option’s delta y Yield to maturity i Inflation rate Rate of return beyond the value that would be forecast from the market’s k Market capitalization rate, the return and the systematic risk of the required rate of return on a firm’s security stock Systematic or market risk of a ln Natural logarithm function security M The market portfolio ij Correlation coefficient between N(d) Cumulative normal function, the returns on securities i and j probability that a standard normal Standard deviation random variable will have value less 2 than d Variance p Probability Cov(ri , rj) Covariance between returns on securities i and j P Put value PV Present value P/E Price-to-earnings multiple r Rate of return on a security; for fixed-income securities, r may denote the rate of interest for a particular period
ISBN: 0073530700 Back endsheets
Author: Zvi Bodie, Alex Kane, Alan J. Marcus Color: 539M (blue) and PMS139 (gold) Title: Investments, 9/e Page: 1