Where in Reading 24 do they address LOS 24f (LOS 24f: evaluate the intrinsic value and estimated rate of return of the stock market by estimating future earnings per share and determining an appropriate earnings multiplier)? Is it on pages 178-179? Or somewhere else?
Thanks in advance!作者: hariRaj 时间: 2013-4-17 17:46
Closer to Grinold reading…作者: kim226 时间: 2013-4-17 17:46
I don’t understand your answer. Grinold is not mentioned in Reading 24 (is it?) - LOS 24f should be covered in Reading 24 - but which page(s)? Thanks!作者: ramzes 时间: 2013-4-17 17:46
Arrgghhh I don’t have Schweser! Anyone know which page LOS 24f is covered within the Reading 24 of the CFAI textbook? It must be there because it is a LOS! Thanks!!!作者: ramdabom 时间: 2013-4-17 17:46
On page 171 of book 3 is how to estimate future earnings per share.作者: ba736 时间: 2013-4-17 17:46
just P/E multiple作者: edgeon 时间: 2013-4-17 17:47
Basically, the principles and processes are almost same as that of individual stock as in L2, right ?作者: luckygiftvn 时间: 2013-4-17 17:47
The steps are same: start from sales down to earnings, but the logic/drivers of some numbers are a bit different (e.g., depreciation, margin,..). Recommend that you walk through an example to make sure you understand the logic.作者: sabaruch 时间: 2013-4-17 17:47
