Weekly outline

  • General

  • 26/8/2025: CHAPTER 1 (CONT.), CHAPTER 2

    Sinh viên ôn tập lại chương 1, kiến thức về báo cáo tài chính.

  • This week
  • 28/10/2025: CHAPTER 4 (Cont.)

    Calculate the Cost of Common equity

    "Two broad approaches that are each widely used to estimate the cost of equity.

    The first consists of what financial economists refer to as asset pricing models. Specifically, we present three variants of the capital asset pricing model (CAPM).

    The second approach has a much older heritage in finance and comes out of the pioneering work of John Burr Williams (1938) and later Myron Gordon (1962). This approach, which is often referred to as the discounted cash flow approach, first estimates the expected stream of dividends and then calculates the implied cost of equity capital (or the internal rate of return) that makes the present value of the dividend stream equal the firm’s stock price. This implied return is then used as the firm’s cost of equity."

  • 04/11/2025: Bài báo cáo