Tài liệu Financial Formula Sheet ppt

Compounding factor future value of an interest factor r% for time t: B.. Discount factor present value of an interest factor r% for time t: C.. Future annuity factor future value of an

Financial Formula Sheet

1 Compounding and Discounting

A Compounding factor (future value of an interest factor r% for time t):

B Discount factor (present value of an interest factor r% for time t):

C Future annuity factor (future value of an annuity factor for r% for n periods):

D Present value annuity factor (present value of an annuity

factor for r% for n periods):

E Net Present Value (NPV) of a project:

F Value of the firm:

G Dividend discount model for the share price (S0 ):

H Real interest rate:

I Spot or zero-coupon rates (Z i) derived from the par yield curve:

2 Expected Value

3 Capital Asset Pricing Model (CAPM) and Arbitrage Pricing

Theory (APT)

A CAPM:

B Capital structure effect on firm beta ( ):

C APT:

4 Currency Relationships

A Interest rate parity:

B Purchasing power parity:

C Expectations theory:

D International Fisher effect:

5 Statistical Measures

A Mean ( ):

B Standard deviation ( ):

C Kurtosis (K):

D Skewness (S):

E Covariance ( ab):

F Correlation coefficient (ρab):

6 Portfolio Model

A Portfolio expected return ρp

B Portfolio risk ρp for 2-asset portfolio:

C Portfolio risk ρp for m-asset portfolio:

D Minimum variance portfolio weights for 2-asset portfolio:

7 Credit Assessment Models

A DuPont Model:

B Altman's Z-score model (USA):

C Taffler–Tisshaw's Z-score model (UK):