   
 


    ( )        .  , ,      ,          ,          .        ,    ,    .    -    , , ,   .





 

   







1.     (Discounted Cash Flow)

2.   

3.       

4.        (Capital Asset Pricing Model, )

5.    .   . 

6.    (Efficient Markets Hypothesis, )

7.     (Arbitrage Pricing Theory, APT)







              .                  30.10.97  1373.

  :

?   ,   ,     ;

?    ;

?   ()  ;

?  ,   ;

?    ;

?   .

    ,   ,                ,     ()  ,    ,    ,    .       -         ,          .

        ,     (),           (),    .   ,          .             .


1.     (

Discounted Cash Flow

)

            ,  DCF   .  DCF   . . , . .         .  DCF     .

    ,            ,       .    ,                  .    (DCF)   :

?      (Future Value, FV);

?     ;

?        ;

?   ()    (Present Value, PV).

  (r)   ,          ,  .       (DCF)    ,    .

  (Opportunity Costs, )          ()          .




2.   


     ,        ,            .     .   . .       (  ),        ,         .          .

     .           (   ),                 ,    .          .

                         . ,    .   .             .




3.       


    .   . .            :

?         ;

?     .

  , .   .    ,            .  ,    ,     ,    ,      ,           .       ,             ,   ,     . ,               .   ,                 ,         .  ,          .




  .


   .

   ,     (https://www.litres.ru/book/sergey-kaledin-32415981/modeli-klassicheskogo-finansovogo-investirovaniya-73979441/)  .

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