Equity Assets Valuation Book

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EQUIT Y ASSET

VALUATION

WORKBOOK

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CFA Institute is the premier association for investment professionals around the world,

with over 98,000 members in 133 countries. Since 1963 the organization has developed and

administered the renowned Chartered Financial Analyst® Program. With a rich history of

leading the investment profession, CFA Institute has set the highest standards in ethics, education,

and professional excellence within the global investment community, and is the foremost

authority on investment profession conduct and practice.

Each book in the CFA Institute Investment Series is geared toward industry practitioners

along with graduate-level finance students and covers the most important topics in the industry.

The authors of these cutting-edge books are themselves industry professionals and academics

and bring their wealth of knowledge and expertise to this series.

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EQUITY ASSET

VALUATION

WORKBOOK

Second Edition

Jerald E. Pinto, CFA

Elaine Henry, CFA

Thomas R. Robinson, CFA

John D. Stowe, CFA

with a contribution by

Raymond D. Rath, CFA

John Wiley & Sons, Inc.

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Copyright © 2010 by CFA Institute. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by

any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under

Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of

the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center,

Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at

www.copyright.com. Requests to the Publisher for...