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Weekly schedule |
| Topic slides pdf |
Videos |
Word docx |
4 slides per page |
Questions |
Questions no answers |
Answers |
Individual questions |
Components pdf |
Components docx |
| 0 assumed knowledge |
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docx |
4pdf |
q. |
qna. |
qa. |
44,126,37,991,60,190,500,501,251,252,250,502,532,579,580, |
0 |
0 |
| 1 total returns broken down |
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4pdf |
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qna. |
qa. |
476,478,477,151,404,542,278,993,353,407,525,295,526,575,577,554,745,732,221,466,531,467,473,444,445,443,515, |
1 a b c d e |
1 a b c d e |
| 1a_total_capital_and_income_returns |
1 a |
1 a |
| 1b_inflation_real_and_nominal_returns |
1 b |
1 b |
| 1c_inflation_real_and_nominal_returns_example |
1 c |
1 c |
| 1d_book_and_market_balance_sheets_and_business_decisions |
1 d |
1 d |
| 1e_limited_liability_and_business_legal_structures |
1 e |
1 e |
| 2 present value formula toolkit |
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4pdf |
q. |
qna. |
qa. |
2,481,356,499,479,517,518,519,4,7,528,264,28,201,497,289,36,40,148,441,50,535,488,217,348,341,180,299,280,462,195, |
2 a b c d e f g h i j k |
2 a b c d e f g h i j k |
| 2a_present_value_of_a_single_cash_flow |
2 a |
2 a |
| 2b_present_value_of_an_annuity |
2 b |
2 b |
| 2c_present_value_of_a_perpetuity |
2 c |
2 c |
| 2d_ddm_theory |
2 d |
2 d |
| 2e_ddm_example |
2 e |
2 e |
| 2f_multi_stage-growth_model |
2 f |
2 f |
| 2g_pe_ratio_multiples_valuation |
2 g |
2 g |
| 2h_pe_ratio_and_ddm_reconciliation |
2 h |
2 h |
| 2i_fungible_assets |
2 i |
2 i |
| 2j_dcf_versus_multiples_valuation |
2 j |
2 j |
| 2k_equivalent_annual_cost |
2 k |
2 k |
| 3 debt |
|
docx |
4pdf |
q. |
qna. |
qa. |
372,373,581,583,290,16,131,265,19,134,172,203,222,29,57,107,239,128,129,130,234,509,510,616,23,48,63,133,159,178,620,227,229,255,257,460,35,143,96,141,254,32, |
3 a b c d e f g h |
3 a b c d e f g h |
| 3a_borrowing_is_selling_debt_and_lending_is_buying_debt |
3 a |
3 a |
| 3b_annualised_percentage_rates_and_effective_rates |
3 b |
3 b |
| 3c_fully_amortising_loans |
3 c |
3 c |
| 3d_interest_only_loans |
3 d |
3 d |
| 3e_bond_pricing |
3 e |
3 e |
| 3f_bond_pricing_between_coupons |
3 f |
3 f |
| 3g_wholesale_long_and_short_term_debt |
3 g |
3 g |
| 3h_yield_curves_and_term_structure_of_interest_rates |
3 h |
3 h |
| 4 firm free cash flow |
|
docx |
4pdf |
q. |
qna. |
qa. |
485,300,350,176,225,351,361,512,273, |
4 a b c d e f g h i j k |
4 a b c d e f g h i j k |
| 4a_direct_versus_indirect_business_valuation |
4 a |
4 a |
| 4b_incremental_analysis_opportunity_costs_sunk_costs_and_cannibailisation |
4 b |
4 b |
| 4c_time_value_of_money_ignored_by_accountants |
4 c |
4 c |
| 4d_firm_free_cash_flow_from_profit |
4 d |
4 d |
| 4e_capital_expenditure |
4 e |
4 e |
| 4f_delta_net_operating_working_capital |
4 f |
4 f |
| 4g_interest_expense |
4 g |
4 g |
| 4h_debt_and_equity_cash_flows_equal_firm_free_cash_flows |
4 h |
4 h |
| 4i_firm_free_cash_flow_example |
4 i |
4 i |
| 4j_project_valuation_using_incremental_cash_flows |
4 j |
4 j |
| 4k_alternative_cash_flow_formula |
4 k |
4 k |
| 5 effects of leverage on prices and returns |
|
docx |
4pdf |
q. |
qna. |
qa. |
377,379,507,799,301,406,773,67,68,113,205,223,225,296,368,371,413,401,658,115,241, |
5 a b c d e f g |
5 a b c d e f g h i j |
| 5a_leverage_amplifying_returns_on_equity |
5 a |
5 a |
| 5b_assets_as_a_portfolio_of_debt_and_equity_and_wacc_as_required_return_on_assets |
5 b |
5 b |
| 5c_interest_tax_shields |
5 c |
5 c |
| 5d_valuation_of_levered_assets_with_interest_tax_shields |
5 d |
5 d |
| 5e_valuation_of_levered_property_example |
5 e |
5 e |
| 5f_costs_of_financial_distress |
5 f |
5 f |
| 5g_miller_and_modigliani_capital_structure_irrelevance |
5 g |
5 g |
| 6 Markowitz portfolio theory |
|
docx |
4pdf |
q. |
qna. |
qa. |
559,236,111,83,285,293,557,556,563,565,561,306, |
6 a b c d e f g h i j k |
6 a b c d e f g h i j k |
| 6a_expected_return_variance_covariance_and_correlation |
6 a |
6 a |
| 6b_expected_return_variance_covariance_and_correlation_example |
6 b |
6 b |
| 6c_graphs_of_expected_return_versus_standard_deviation |
6 c |
6 c |
| 6d_portfolio_return_and_risk_with_two_assets_and_different_correlations |
6 d |
6 d |
| 6e_short_selling |
6 e |
6 e |
| 6f_two_stock_portfolio_combination_lines |
6 f |
6 f |
| 6g_three_or_more_stock_portfolios |
6 g |
6 g |
| 6h_markowitz_bullet_of_risky_assets |
6 h |
6 h |
| 6i_tangent_portfolio_sharpe_ratio_and_cml |
6 i |
6 i |
| 6j_two_fund_separation_theorem |
6 j |
6 j |
| 6k_portfolio_optimisation_using_spreadsheet |
6 k |
6 k |
| 7 capital asset pricing model |
|
docx |
4pdf |
q. |
qna. |
qa. |
80,112,326,110,71,79,93,627,628,672,673,674,116,410,114,302,418, |
7 a b c d e f g h |
7 a b c d e f g h |
| 7a_systematic_and_idiosyncratic_variance_beta_capm_and_sml |
7 a |
7 a |
| 7b_capm_beta_and_required_return_example |
7 b |
7 b |
| 7c_total_systematic_and_idiosyncratic_variance |
7 c |
7 c |
| 7d_excess_returns_and_Jensens_alpha |
7 d |
7 d |
| 7e_how_capm_extends_markowitz |
7 e |
7 e |
| 7f_cost_of_equity_and_debt_using_capm_and_ddm |
7 f |
7 f |
| 7g_probabilities_and_expected_returns |
7 g |
7 g |
| 8 efficient markets hypothesis |
|
docx |
4pdf |
q. |
qna. |
qa. |
119,621,243,63,339,623,338,464,780, |
8 a b c d e f |
8 a b c d e f |
| 8a_market_efficiency |
8 a |
8 a |
| 8b_asset_bubbles_fama_versus_shiller |
8 b |
8 b |
| 8c_weak_semi_strong_and_strong_form_market_efficiency |
8 c |
8 c |
| 8d_charting_and_weak_form_market_efficiency |
8 d |
8 d |
| 8e_log_graphs_of_long_term_share_prices |
8 e |
8 e |
| 9 capital raising and payout policy |
|
docx |
4pdf |
q. |
qna. |
qa. |
569,449,624,448,309,202,454,568,625,214, |
9 a b c d e f |
9 a b c d e f |
| 9a_corporate_and_personal_tax |
9 a |
9 a |
| 9b_imputation_versus_classical_tax_systems |
9 b |
9 b |
| 9c_dividend_dates |
9 c |
9 c |
| 9d_equity_payouts |
9 d |
9 d |
| 9e_equity_raisings |
9 e |
9 e |
| 9f_no_equity_payout_stock_splits_and_re_investment |
9 f |
9 f |
| 10 return distributions |
|
docx |
4pdf |
q. |
qna. |
qa. |
708,709,710,712,714,716,725,718,811,721,722, |
10 a b c |
10 a b c |
| 10a_returns_and_averages |
10 a |
10 a |
| 10b_distributions_of_prices_and_returns |
10 b |
10 b |
| 10c_distributions_example |
10 c |
10 c |
| 11 foreign exchange |
|
docx |
4pdf |
q. |
qna. |
qa. |
311,571,601,602,313,315,317,319,321,626,246,324, |
11 a b c d e |
11 a b c d e |
| 11a_forex_is_not_an_asset |
11 a |
11 a |
| 11b_forex_quotes |
11 b |
11 b |
| 11c_forex_appreciation_and_depreciation |
11 c |
11 c |
| 11d_forex_forward_contracts_the_carry_trade_and_interest_rate_parity |
11 d |
11 d |
| 11e_forex_and_central_bank_monetary_policy |
11 e |
11 e |
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