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雷达卡
As title, is the whole question Out of 2015 Curriculum ?
LOS: 2010-III-7-24-a,c
24. “Macroanalysis and Microvaluation of the Stock Market”
The candidate should be able to
a) contrast leading, lagging, and coincident economic indicators and explain the
relationship between these cyclical indicator categories and stock market
valuation;
b) demonstrate how changes in money supply, inflation, and interest rates influence
stock and bond prices;
c) demonstrate the use of the dividend discount model, the free cash flow to
equity model, and the earnings multiplier approach in estimating the value of
the aggregate stock market;
d) compare and contrast alternative approaches with the estimation of earnings per
share;
e) formulate and explain the “direction of change” and the “specific estimate”
approaches to estimating an earnings multiplier for a stock market series;
f) 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.
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