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<p><b>Part I Learning Objectives, Summary Overview, and Problems 1</b></p> <p>Chapter 1 Overview of Equity Securities 3</p> <p>Learning Outcomes 3</p> <p>Summary Overview 3</p> <p>Problems 5</p> <p>Chapter 2 Introduction to Industry and Company Analysis 9</p> <p>Learning Outcomes 9</p> <p>Summary Overview 10</p> <p>Problems 12</p> <p>Chapter 3 Equity Valuation: Concepts and Basic Tools 17</p> <p>Learning Outcomes 17</p> <p>Summary Overview 18</p> <p>Problems 19</p> <p>Chapter 4 Equity Valuation: Applications and Processes 25</p> <p>Learning Outcomes 25</p> <p>Summary Overview 25</p> <p>Problems 27</p> <p>Chapter 5 Return Concepts 33</p> <p>Learning Outcomes 33</p> <p>Summary Overview 33</p> <p>Problems 35</p> <p>Chapter 6 Industry and Company Analysis 41</p> <p>Learning Outcomes 41</p> <p>Summary Overview 42</p> <p>Problems 42</p> <p>Chapter 7 Discounted Dividend Valuation 49</p> <p>Learning Outcomes 49</p> <p>Summary Overview 50</p> <p>Problems 53</p> <p>Chapter 8 Free Cash Flow Valuation 67</p> <p>Learning Outcomes 67</p> <p>Summary Overview 67</p> <p>Problems 69</p> <p>Chapter 9 Market-Based Valuation: Price and Enterprise Value Multiples 87</p> <p>Learning Outcomes 87</p> <p>Summary Overview 88</p> <p>Problems 90</p> <p>Chapter 10 Residual Income Valuation 103</p> <p>Learning Outcomes 103</p> <p>Summary Overview 103</p> <p>Problems 105</p> <p>Chapter 11 Private Company Valuation 115</p> <p>Learning Outcomes 115</p> <p>Summary Overview 116</p> <p>Problems 117</p> <p><b>Part II Solutions 125</b></p> <p>Chapter 1 Overview of Equity Securities 127</p> <p>Solutions 127</p> <p>Chapter 2 Introduction to Industry and Company Analysis 129</p> <p>Solutions 129</p> <p>Chapter 3 Equity Valuation: Concepts and Basic Tools 133</p> <p>Solutions 133</p> <p>Chapter 4 Equity Valuation: Applications and Processes 137</p> <p>Solutions 137</p> <p>Chapter 5 Return Concepts 141</p> <p>Solutions 141</p> <p>Chapter 6 Industry and Company Analysis 147</p> <p>Solutions 147</p> <p>Chapter 7 Discounted Dividend Valuation 151</p> <p>Solutions 151</p> <p>Chapter 8 Free Cash Flow Valuation 167</p> <p>Solutions 167</p> <p>Chapter 9 Market-Based Valuation: Price and Enterprise Value Multiples 187</p> <p>Solutions 187</p> <p>Chapter 10 Residual Income Valuation 197</p> <p>Solutions 197</p> <p>Chapter 11 Private Company Valuation 211</p> <p>Solutions 211</p> <p>About the CFA Program 215</p>

<p><i>Equity Asset Valuation Workbook, Fourth Edition</i> provides the key component of effective learning: practice. This companion workbook conveniently aligns with the text chapter-by-chapter, provides brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the "why" of each problem. These features reinforce essential theories and their practical application, assist you in gaining proficiency in the core concepts behind these theories, and accurately determine when and how to implement them. Those who self study will find solutions to all exercise problems. This workbook lets you: <ul> <li>Refresh your memory with succinct chapter summaries</li> <li>Enhance your understanding with topic-specific practice problems</li> <li>Work toward explicit chapter objectives to internalize key information</li> <li>Practice important techniques with real-world applications</li> </ul> <p>For everyone who wants a practical route to mastering the general analysis of stock shares held by individuals and funds, <i>Equity Asset Valuation Workbook, Fourth Edition</i> lives up to its reputation for clarity and world-class practice based on actual scenarios investors face every day.

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