Finance Theory I

Present Value Relations I

Description: This video lecture presents the definition of an asset as a sequence of current and future cash flows, and the implications of that definition. Valuation of cash flows is presented in the context of time, certainty, and the present value operator.

Present Value Relations Slides 1–36 (PDF)

  • Video for Part I of Present Value Relations covers slides 1–16
  • Video for Part II of Present Value Relations covers slides 17–29
  • Video for Part III of Present Value Relations covers slides 30–36