Session 4: DCF Structure and Discount Rate First Steps

We started the class by completing a big picture perspective on discounted cash flow models, noting that while the way we get cash flows, growth rates and discount rates will vary, they are not only tied together with the same principles but require internal consistency. We started then with a discussion of risk and how it plays out in discount rates, before embarking on an assessment of riskfree rates, and why they vary across currencies and what to do about really low or negative risk free rates.
Start of the class test: pages.stern.ny...
Slides: pages.stern.ny...
Post class test: pages.stern.ny...
Post class test: pages.stern.ny...