Balance Sheet a. What is the purpose of the balance sheet? b. How does the date in a balance sheet heading differ from the other financial statements?
Week 7 Notes for FIN 305 9/30 Perpetuities fixed payments no maturity date pays the fixed payment forever *Most preferred stock does not have a maturity date and has a fixed dividend payment Required Return = Annual CF/Price *Must be a decimal Rule of 72 estimates how long it takes to double money given a rate of return estimates what rate of return must be earned to double money in a given holding period annual compound return N x i = 72 *i goes as a percentage *Make sure to go over practice problems found on canvas 10/3 Absent from class 10/5 Chapter 2 Securities in the Financial Market Money Market Securities