Cos2611 exam pack - Study guides, Study notes & Summaries

i) Introduction The key question faced by those in the investment field: WHAT IS THE VALUE OF A PARTICULAR ASSET? The answer to this question will normally determine the success or failure of an investment decision. We can define VALUATION as the estimation of the value of an asset: - based on variables that relate to future investment returns - by comparing it to similar assets - based on estimates of its liquidation proceeds (if appropriate) ii) Definitions We will now look at differ...