The first few classes were just over the top, but as we reached the 6th session, topics from the 1st session were becoming comprehensible. I think quite a few of us who come from non-financial/mathematical background are facing problems. My suggestion is that give maximum time to the chapter “Time value of Money” as the other chapters are based on the basic concepts covered here. Prof. Ray looks like a jolly good fellow and we should all appreciate his gesture of removing negative marking since most of us are in troubled waters. At least some (Ray) of hope.
In bond and security valuation the key thing is to understand that we are taking into account the expected rate of return for calculation.
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