زبان تخصصی مدیریت مالی
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Transcript of زبان تخصصی مدیریت مالی
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Cyclical industries31 Dividend discount Model (DDM)
1
Defensive industries32 Perpetuity2" # Growth industries33$ %& '( ) )*+Price to book value3
'-.) /Industry Life cycle34% '( ) )*+Price/sales Ratio (PSR)
4
12( 3+ '( 4# Interest-sensitiveIndustries
355 %& %Present Value Approach
5
( '*7 +$ 8$Standard industrial classification (SIC) system
369$ : 9Unsystematic Risk6
&( < 1Market Data37$ Yield7(> ? +Point-and-figure
Chart38@ABVolatility8
*+ DRelative Strength39EB FVariability98$ : E@ 'Indirect Investing40A 1&(Total return (TR)10
E@ ' )A"Investment company41I#
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1 Two Period Model91A &( '>Efficient Market Hypothesis (EMH)
61
'+@. " 3+ The Multiple Growth Model
92^$+ 1&(Expected return62
_ %&Intrinsic Value (IV)93 < Financial assets63&( O ) Current Market Price
(CMP)94E@ ' [Institutional
investors64
< '( ) Y>82P/E Ratio 95E@ 'Investment65J$*< Y>Correlation Coefficient962 - $-Calls66
]+ACovariance 97' &(Capital Market67' &( WCapital Market Theory981`
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2 1&(Dividend Yield151$ % )*+Short Interest ratio161&$ 2Preferred stock131
) TB kdSupport Level1622 % $-Puts132e 5\ 'ReTechnical Analysis163'+- KTreasury bill133$A" '> KCorporate bonds164'+- '> KTreasury bond134
2 D*# 2( Kequity securities165- $- KWarrant 135)(b ( 2( KFixed-income
securities1662. &(Fourth Market136
V < DBFutures contracts1672( K ' '>/Initial public offering (IPO)
137
Z\+Standard deviation168' Tm 'Investment Banker1389$ 9Systematic risk169&( 8$5NasdaqNasdaq/NMS139
'5 $- '@( ) Premium 170+& '+. ( $* &(Negotiated Market1402 % $-Put 171*$/ P#Margin account141
9-d-Risk172*$/Margin142*+ 1&(Return relative173 ) '( %?TLimit order143
'$ h\ 1&(Realized Return174/ @AFull-service broker1445 %&Present value175< TJ+Geometric mean145
3+ h7 & '5 $- '@(12(
Interest rate options176 R E@ ' o7
Dividend Reinvestment plan
146
4 ( '5 $- l(2 N-"
Stock-index options177% - $- 2
Put-Call parity147
L+ 2 4( D&New York stock Exchange (NYSE)
178' ( E@ ' < )A"&(
Open-end Investment company
148
4( & I- &(Over-the-counter (OTC) Market
179e+ N-"-+ONikkei-Dow jones Average
149
2( K c- '>/Private placement 180' &(Primary Market150
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'( 'd+Break-Even Point211B < P#$-Accounts Payable181R 9Business Risk212+V )*+Acid test Ratio182
- $- KCall Options213-)95(Acquisition183+- $-Call Provision214) < )*+Activity Ratios184' )?ACapital Adequacy215 ( Adjustable Dividends185
E@ ) '
Capital Asset Pricing Model (CAPM)
216&$ 2 1" Adjustable Rate of Preferred Stock
186
' ( 'O(Capital Budgeting217@+ < 'Book Weight208
/ 2Common Stock239qborrowing2091++*OCompensating Balance240%( 'd+Break Point210
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KConvertible Bond251 Dividend282* ( &$ 2Convertible Preferred
Stock252
" Dividend Growth Model
283* ( 2( KConvertible Securities
253
'^+ 7* (Dividend IrrelevanceTheory
284J$*
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J+ EB Zd+Flexibility and Liquidity
331 ) )1" /(Exercise Price (Striking Price)
301
M$+ < ' KGovernmental Bond345Z$ %&)'+?c(Fair Value315
N- Gross Profit346 Finance316N-+ Gross Profit (Income)347 < 'Historical Weight349 [/g7Financial Information
319
a 5\ 'RHorizontal Analysis350 [Financial Institutions
320
^$+ 1&( 3+Hurdle Rate351
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&( %&Market Value391'^+/g7 ]+R /Information Asymmetry Theory
361
&( Y>Market Weight392' / '>/Initial Public Offering (IPO)
362
% ( 2( KMarketable Securities393 ' DE@ 'Institutional Investors
363
: hd U$(VhdMatched and Unmatched Arbitrage
3942M+ < Intangible Assets364
Maturity3955- TmInternal Financing365X5: E@ ) Miss-Pricing3965- (Internal Resources366
'+ '^+Moderate Theory397- 1&( 3+5Internal Rate of Return (IRR)
367
N- 5/ '^+Net Operating Income Theory
398uA OInventory368
B &(Money Market399uA O %@Inventory Turnover369*5 'b "Negative Pledge
Clause400EB 'Investee370
N- '^+Net Income (NI) Theory
401E@ 'Investment371
5/ '^+Net Operating Income (NOI) Theory
402E@ ' 9+(Investment Bank372
5 + [^+Modigliani and Miller Propositions (I&II)
403' < ) OE@Investment Opportunities Schedule (IOS)
373
N- 5 %&Net Present Value (NPV)
404E@ 'Investor374
N- Net Profit (Income)4057* ( '^+Irrelevance Proposition
375
12(Nominal Interest406
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VProfitability4511" M$ 2Outstanding Shares421V N-"Profitability Index452) & j( E@ %&Overvalue422
V < )*+Profitability Ratios453Te h#Owners Equity423'+Prospectus 4542 ZPaid in Capital in
Excess of Par424
1+Proxy455 %&Par Value425$A'Proxy Statement456%&)(( ) (Parity Value (Price)426
% $- KPut Options457Ma( 5\Partial Equilibrium Analysis
427
% $-Put Provision458$AM &$ 2Participating Preferred Stock
428
)*+)+V(Quick Ratio459)M@&( 1Payback Period4291&( 3+Rate of Return460)-B rPayment Date430
( '* [Rating Institutions (Agencies)
461+ 8 )*+Payout Ratio431
$ < P# %@Receivable Turnover462Y '^+
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Z< Y>Target Weight5119)17a(Risk481[Tax 5129 D( 1&( 3+Risk Free rate482
kO '^+Tax Preference Theory5139 ZRisk Premium483 `Tax Shield514%Sale484
)> [F [Statement of Change in Financial Position
515& % < '
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%@ 'Working Capital547/ 5\Vertical Analysis5411&(Yield548D@+ h7 & yVoting by Proxies542
1&( \Yield Curve5492 - h#Warrant543 1&(Yield to Maturity550' '< D& TJ+Weighted Average
Cost of Capital (WACC)
544
TBA D( '> KZero Coupon Bond551' 2+ D& '