Titlebook: Applied Fundamentals in Finance; Portfolio Management Enzo Mondello Textbook 20231st edition The Editor(s) (if applicable) and The Author(s

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Dividend Discount Modelto equity model, and the free cash flow to firm model. This chapter presents the dividend discount model, which, like the other cash flow models, is used to calculate the intrinsic share value under the going concern assumption. According to the model, the intrinsic value equals the present value of

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Ataxia

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Futures, Forwards, and Swapsins with the use of derivatives, which includes risk hedging, risk-taking (speculation and trading), and the exploitation of price differences (arbitrage). After differentiating between futures and forwards, the calculation of profit/loss, price, and value is explained. This is followed by a discuss

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Options: Basics and Valuationbed, which reflects the return leverage of options against the underlying asset. The chapter ends with the option price sensitivities. They allow to examine how much the option price changes when a risk factor (e.g. price or price volatility of underlying) moves. Options on individual stocks, also c

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Option Strategiesof a long equity security is a collar, where a price floor and a price ceiling are set on the underlying asset. If the share price falls outside these price limits, there is no further loss or gain. The chapter ends with option strategies that can be constructed from a combination of calls and puts

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The Enterprise Engineering Seriesance) are required to fully describe the return distribution. However, in the vast majority of cases, financial asset returns are not normally distributed, and higher central moments of the distribution such as skewness and kurtosis must therefore be considered. In addition, the market characteristi

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