Bonds Part 4 Stock Part 1

In this video I discuss put bonds, bond markets, bond quotes, the term structure of interest rates, and the determinants of yield to maturity. I also discuss the valuation of stocks. Stocks are valued at the sum of the present value of their future dividends. I cover three models: Constant dividends (zero dividend growth), constantly growing dividends, and differential (supernormal) dividend growth. I also discuss what makes a firm a 'cash cow.'