Titlebook: Applied Fundamentals in Finance; Portfolio Management Enzo Mondello Textbook 20231st edition The Editor(s) (if applicable) and The Author(s

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https://doi.org/10.1007/978-3-540-92671-9to equity model, and the free cash flow to firm model.?This chapter presents the dividend discount model, which, like the other cash flow models, is used to calculate the intrinsic share value under the going concern assumption. According to the model, the intrinsic value equals the present value of

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Steven De Haes,Wim Van Grembergenonvexity approach, which can be derived from the second-order Taylor series expansion. Next, Macaulay duration, modified duration, and modified convexity are described. Finally, the chapter examines applications of duration and convexity in portfolio management, which can be used for tactical asset

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https://doi.org/10.1007/978-3-642-35040-5of a long equity security is a collar, where a price floor and a price ceiling are set on the underlying asset. If the share price falls outside these price limits, there is no further loss or gain. The chapter ends with option strategies that can be constructed from a combination of calls and puts

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Other Investment Characteristicsharacteristics, must be considered in order to be able to assess the investment.?In addition to the higher central moments of a distribution such as skewness and kurtosis, the longnormal distribution is also presented in this chapter.?Afterwards, the market properties of investments such as the info

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