regarding rating accuracy and rating theory. The implications of the results for equity valuation are discussed. …The study reviews equity valuation, and proposes an alternative equity valuation model based on a random process … current rating. To test the premises of the equity valuation model, the study examines the standardized earnings and book …

Chapter 1: Introduction -- Chapter 2: The Basics Of Time Value Of Money -- Chapter 3: Valuation Of Cash Flows …, Annuities And Perpetuities -- Chapter 4: Sources And Cost Of Long-Term Capital -- Chapter 5: Valuation Of Fixed Income … Securities -- Chapter 6: Valuation Of Equities -- Chapter 7: Firm And Equity Valuation Using Free Cash Flow Models -- Chapter 8 …

applying statistical, econometric, and machine learning advancements to forecasting earnings and returns presents difficult …