CFA Text V5, P356, second last paragraph, under the equation (7)
"We can show that ............. Nf*q/(1+Dividend Yield)^T units of stock"
Anyone know how Nf*q/(1+Dividend Rate)^T is derived ? Thank you in advance !作者: wake2000 时间: 2011-7-13 16:11
Abyone can help ?作者: Valores 时间: 2011-7-13 16:11
cpk123 Wrote:
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> try reading the paragraphs before and after. If
> there is a derivation CFAI wants you to understand
> - they make sure they derive it or provide an
> explanation. In this case - I do not think the
> derivation is important.
Thank you for your response !
I just like to know how to derive it so that I don't have to memorize it.
Regretfully, I don't get it even after my reading the paragraphs before and after.
Anyone can help ?作者: mar350 时间: 2011-7-13 16:11
try reading the paragraphs before and after. If there is a derivation CFAI wants you to understand - they make sure they derive it or provide an explanation. In this case - I do not think the derivation is important.
