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    Usar "discount rate" en una oración

    discount rate oraciones de ejemplo

    discount rate


    1. The market generally prices in a discount rate change that was delayed


    2. If the discount rate was changed for political rather than economic reasons, a common practice in the


    3. The cars were being sold at discount rates to employees, directors, or even friends of employees


    4. both the discount rate and the federal funds rate, those firms who fund with debt are most


    5. with a discount rate of 40% would be worth $3


    6. As we have seen, an estimate of the company's current intrinsic value on the basis of its earnings power requires two steps: first, adjustments to the reported earnings in order to arrive at a figure that represents the cash the investors can extract from the firm and still leave it functioning as before; second, selection of a discount rate that reflects both interest rates and the riskiness of the firm relative to other investment alternatives


    7. Dividing the discount rate into the adjusted earnings gives us our earnings power value (EPV)


    8. Surely there must be a simpler and more stable method for arriving at discount rate


    9. With our earnings power (adjusted EBIT fully taxed) and discount rate in hand, we are almost ready to calculate an EPV for Intel


    10. It is not a coincidence that growth is neutral when the discount rate, or cost of capital, is also 16 percent

    11. And he is careful to make sure that all of the assumptions that are built into a present value analysis are reasonable and conservative: sales growth rates; profit margins; the market prices of assets such as oil, gas, and other fuels; capital expenditure requirements; and discount rates


    12. The annual cash flows and the terminal values are then discounted to the present using discount rates of 10 percent, 12


    13. The cash flows in the projection are identical; the only difference is what they are worth today, and that depends on the discount rate


    14. Estimates of the value of proved oil and gas reserves discounted to present value at a 10 percent discount rate (known as SEC PV 10)


    15. high discount rates with substance-abusing populations, the discount rate measure


    16. revealed that participants with high prenatal discount rates were more likely to


    17. return to smoking following childbirth, while those with low discount rates were


    18. more likely to relapse in their experiment than smokers with low discount rates


    19. Otherwise, you will have to discount the future rental payments to the present using a discount rate


    20. You can find operating leases in the notes to the financial statements, and you can either discount the future operating lease obligations using a discount rate or multiply one year’s rent by a multiplier rule of thumb, such as seven

    21. As we will discuss shortly, interest rates effect the discount rates for the Discounted Cash Flow calculation


    22. The choice of discount rate is one that is not given adequate attention from investors


    23. Treasuries are used as the baseline for discount rates for near riskless securities


    24. However, in low rate environments (which we are in right now) it can skew the appropriate discount rates and valuations


    25. You should attempt to use the higher normalized interest rates as your baseline in finding an appropriate discount rate


    26. As you can imagine, the value of the business is influenced heavily by the discount rate you choose


    27. And discount rates are ultimately influenced by interest rates


    28. This brings us back to the question, “What is the right interest rate I should be using to help with choosing the discount rate?”


    29. As a general rule, in a low rate environment, I will use a higher discount rate to protect against the eventual increase in interests rates from the economy growing quicker than anticipated or as a deterrent to inflation


    30. We will use a conservative discount rate of 10%, given the high quality, sustainable nature of the business

    31. , expected cash flows are divided by 1 + Discount rate)


    32. • Asset-pricing theory focuses on the determinants of discount rates or required returns


    33. Risk-averse investors do not use the riskless rate for discounting, unless the cash flow being discounted is itself riskless; the discount rate also reflects the required compensation for the riskiness of an asset’s expected future cash flows


    34. A rally—high realized returns—caused by falling discount rates will reduce feasible expected returns, rather than raise them


    35. The discount rate or the expected return contains both compensation for time and compensation for risk bearing


    36. In the pre-Markowitz world, even uncertain cash flows were often discounted using the riskless discount rate


    37. Understanding the various risk premia—“what influences expected asset returns or discount rates beyond the riskless rate?”—has been the main question in academic finance for the past 50 or 60 years


    38. The term “stochastic” in SDF emphasizes the uncertainty in time-varying discount rates


    39. These patterns hint at irrationality but could be rationally justified with timevarying risk premia (because discount rate variation is another cause of volatility, in addition to the variation of expected cash flows that Shiller focused on)


    40. [10] Cochrane (2007) argues that discount rate variation emphasizes the role of the average investor compared with the marginal investor, who is central in neoclassical finance models

    41. In contrast, discount rates (factor risk premia) reflect the average demands of all investors


    42. The most compelling explanations center on the market discount rate—rational stories may be about wealth-dependent risk aversion or learning about other investors’ positions, but the irrational story of changing market sentiment seems most plausible (albeit pretty empty in content) [5]


    43. 1)—just as much as its denominator (discount rate)


    44. It is unlikely that money illusion was complete, in the sense of all investors making the mistake described above; but an insufficient adjustment for inflation effects is enough to distort market pricing, given the extreme sensitivity of equity prices to their discount rates


    45. This is not surprising, because bonds are the main asset class competing with equities for investor capital, and the bond yield constitutes the riskless part of equities’ discount rate


    46. Since stock prices reflect the expected values of discounted future cash flows, it is a mathematical identity that low earnings yields (high P/E ratios) reflect some combination of low discount rates and/or high expected earnings growth rates


    47. The discount rate may affect the riskless yield component or the required equity–bond risk premium


    48. Modigliani–Cohn (1979) argue that, when inflation is high, investors and analysts incorrectly discount real dividend streams using nominal discount rates, resulting in a price that is below fundamental value


    49. Another variant of the money illusion hypothesis says that investors and analysts actually discount nominal cash flows using nominal discount rates, but make an insufficient inflation adjustment to their nominal growth forecasts, so that here, too, high inflation implies underpriced stocks


    50. , low discount rates)


































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