Outline of Session Outline of Session 4
Outline of Session Outline of Session 4
Outline of Session Outline of Session 4
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P<br />
P<br />
0<br />
1<br />
=<br />
=<br />
Div<br />
1<br />
( 1 + r ) ( 1 + r )<br />
Div<br />
S<br />
2<br />
+<br />
P<br />
1<br />
S<br />
( 1 + r ) ( 1 + r )<br />
S<br />
+<br />
P<br />
2<br />
S<br />
P<br />
P<br />
0<br />
0<br />
1<br />
⎡<br />
⎢<br />
Div<br />
⎣<br />
⎛ Div<br />
2<br />
+ P<br />
+<br />
⎜<br />
⎝ +<br />
S<br />
2<br />
=<br />
=<br />
1<br />
( 1 + r<br />
) ⎜<br />
( 1 r<br />
)<br />
Div<br />
S<br />
1<br />
2<br />
( 1 + r ) ( ) ( ) 2<br />
S<br />
+<br />
Div<br />
1 + r<br />
S<br />
2<br />
+<br />
P<br />
2<br />
1 + r<br />
S<br />
⎞⎤<br />
⎟<br />
⎥<br />
⎠⎦<br />
P<br />
0<br />
=<br />
Div<br />
1<br />
+<br />
+<br />
+ ...<br />
2<br />
3<br />
( 1 + r ) ( ) ( ) ( ) ∞<br />
S<br />
Div<br />
1 + r<br />
S<br />
2<br />
Div<br />
1 + r<br />
S<br />
3<br />
Div<br />
1 + r<br />
S<br />
∞<br />
Last Updated: June 11, 2009 © 2009 Charn Soranakom, Ph.D. <strong>Session</strong> 4 | Slide 13 <strong>of</strong> 19
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