土豆妮

Modern security analysis is built on the concept of:

A) constant growth of earnings and dividends.

B) discounting future returns.

C) speculation as a professional activity.

---

The concept that the value of an investment is equal to the discounted value of future returns is attributed to the work of Graham and Dodd, and John Burr Williams. This concept forms the basis for modern security analysis.

土豆妮

Which of the following models is credited to the work of John Burr Williams?

A) Dividend discount model (DDM).

B) Cash flow return on investment (CFROI).

C) Free cash flow to equity (FCFE).

---

John Burr Williams published The Theory of Investment Value in 1938, setting forth the theory that a value of a stock could be determined by discounting the value of future dividends.

土豆妮

Although we often take modern security analysis for granted, the basic concept that a firm’s value could be determined by analyzing its income statement and balance sheet was not seriously advanced until about seventy years ago, when this approach was published by:

A) Harry Markowitz.

B) Benjamin Graham and David Dodd.

C) John Burr Williams.

---

The concept that a firm’s value could be discerned by analysis of its financial statements was first advanced in Security Analysis, published in 1934 by Benjamin Graham and David Dodd.

土豆妮

Modern security analysis is built on the concept of:

A) discounting future returns.

B) constant growth of earnings and dividends.

C) speculation as a professional activity.

---

The concept that the value of an investment is equal to the discounted value of future returns is attributed to the work of Graham and Dodd, and John Burr Williams. This concept forms the basis for modern security analysis.

土豆妮

Which of the following models is credited to the work of John Burr Williams?

A) Dividend discount model (DDM).

B) Cash flow return on investment (CFROI).

C) Free cash flow to equity (FCFE).

---

John Burr Williams published The Theory of Investment Value in 1938, setting forth the theory that a value of a stock could be determined by discounting the value of future dividends.

土豆妮

Although we often take modern security analysis for granted, the basic concept that a firm’s value could be determined by analyzing its income statement and balance sheet was not seriously advanced until about seventy years ago, when this approach was published by:

A) Benjamin Graham and David Dodd.

B) Harry Markowitz.

C) John Burr Williams.

---

The concept that a firm’s value could be discerned by analysis of its financial statements was first advanced in Security Analysis, published in 1934 by Benjamin Graham and David Dodd.

土豆妮

Modern security analysis is built on the concept of:

A) discounting future returns.

B) constant growth of earnings and dividends.

C) speculation as a professional activity.

---

The concept that the value of an investment is equal to the discounted value of future returns is attributed to the work of Graham and Dodd, and John Burr Williams. This concept forms the basis for modern security analysis.

土豆妮

Which of the following models is credited to the work of John Burr Williams?

A) Dividend discount model (DDM).

B) Cash flow return on investment (CFROI).

C) Free cash flow to equity (FCFE).

---

John Burr Williams published The Theory of Investment Value in 1938, setting forth the theory that a value of a stock could be determined by discounting the value of future dividends.

土豆妮

Modern security analysis is built on the concept of:

A) constant growth of earnings and dividends.

B) speculation as a professional activity.

C) discounting future returns.

---

The concept that the value of an investment is equal to the discounted value of future returns is attributed to the work of Graham and Dodd, and John Burr Williams. This concept forms the basis for modern security analysis.

土豆妮

Which of the following models is credited to the work of John Burr Williams?

A) Cash flow return on investment (CFROI).

B) Free cash flow to equity (FCFE).

C) Dividend discount model (DDM).

---

John Burr Williams published The Theory of Investment Value in 1938, setting forth the