Spanish Abstract: Un conjunto de profesionales (magistrados, jueces, profesores y profesionales de derecho, finanzas, contabilidad…) preocupados con algunas sentencias del Tribunal Supremo relacionadas con empresas, instrumentos financieros y mercados financieros que contienen errores...

Only 25 companies out of 136 had negative return in January-September 2009 (133 in 2008). The 136 companies created value in January-September 2009 (64 billion euros), but destroyed value in 2008 (420 billion euros) and in 2007 (17 billion euros). The average return of the 136 companies was 24%...

The Total Return (TR), also called “return including dividends” and “Total Index Return” provides the theoretical return of a share, assuming that dividends are re-invested to purchase additional shares.The Total Return for All Shareholders (TRAS) is the return that all the shareholders...

We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period. In...

Mehra and Prescott (1985) argued that, according to sensible asset pricing models, stocks should provide at most a 0.35% premium over bills. However, companies use higher equity premia (average around 6%) for evaluating their investment projects, professors use in class and in their textbooks...

We analyze the results of a recent survey of executives and finance professors. We present the required equity premium used in 2008 by 216 companies and 39 professors and their comments. The range of the 216 companies goes from 2% to 30% (average 6.3%) and the range of the 39 academics goes from...

This paper contains 100 questions that students, alumni and other persons (judges, arbitrageurs, clients') have posed to me over the past years. They were recompiled so as to help the reader remember, clarify and, in some cases, discuss some useful concepts in finance. Most of the questions have...

This document has 100 questions from students, alumnae and other persons (judges, clients,...). They are useful to clarify some useful concepts in finance. Most of the questions have a clear answer. The document also has short answers to all questions

Pablo and his wife have five children. As they like traveling by road with the whole family, often including the grandparents, they decided to buy a German van with nine seats. On October 24, 2005, Pablo took the van to the a dealer to have the spare key repaired. But the spare key was not ready...