Financeprofessor

Valuation of stocks and bonds rests on Discounted Cash Flow (DCF) and market comparable (market multiple) valuation methods.  This short introduction (along with the text and online notes) should help clarify what is often a difficult thing to do.   This is part of the "notes" for MBA 610 at St. Bonaventure University.  It also explains why capital budgeting and valuation are approximately the same thing.