BOOK 3 — EQUITY INVESTMENTS Readings and Learning Outcome Statements . Study Session 10 — Equity Valuation: Valuation Concepts... Study Session 11 — Equity Valuation: Industry and Company Analysis in a Global Context.. Study Session 12 - Equity Investments: Valuation Models.. Self-Test — Equity Investments... Formulas... Index...LEVEL 2 BOOK 3: EQUITY INVESTMENTS ©2009 Kaplan, Inc. Alll rights reserved. Published in September 2009 by Kaplan Schweser. Printed in the United States of America. ISBN: 1-4277-9491-X PPN: 4550-0114 Tf this book does not have the hologram with the Kaplan Schweser logo on the back cover, ie was distributed without permission of Kaplan Schweter, a Division of Kaplan, Inc., and isin direct violation of global copyright laws. Your assistance in pursuing potential violators of this law is greatly appreciaced Required CFA Insttute® disclaimer: “CFA® and Chartered Financial Analys® are wademarks owned by CFA Institute. CFA Tnstivue (ormery the Assocation for Investment Management and Research) docs not endorse, promote, review, o warrant the accuracy ofthe products or services offered by Kaplan Schweser” ‘Certain materials contained within this text are the copytighted property of CFA Insitute. The Following isthe copyright disclosure for these materials: “Copyright, 2010, CEA Insitute Reproduced and republished from 2010 Learning Outcome Statements, Level 1, 2. and 3 questions from CFA® Program Materials, CFA Institute Standards of Professional Conduct, and CFA Institutes Global Investment Performance Standards with permission from CFA Institute All Rights Reserved” These mace Is may not be copied without written permission from the author. The unauthorized duplication of these note is a violation of global copyright laws and the CFA Insitute Code of Ethics. Your assistance in pursuing potential violators of this law is greatly appreciated Disclaimer: The Schweser Notes should be used in conjunction with the original readings as set forth by CFA Institute in their 2010 CFA, Level 2 Seudy Guide. The information contained in these Notes covers topics contained in the readings referenced by CFA Institute and ie believed to be accurate. However, their accuracy cannot be guaranteed nor is any warranty conveyed 28 0 your ultimate exam success, The authors of the referenced readings have not endorsed ar sponsored these Notes.READINGS AND LEARNING OUTCOME STATEMENTS READINGS The following material isa review of the Equity Investmenss principles designed to address the learning outcome statements set forth by CFA Institute. yuo a ew) Reading Assignments Axset Valuation and Equity, CEA Program Curriculum, Volume 4, Level 2 (CEA Institute, 2010) 32, A Note on Asset Valuation 33. Equity Valuation: Applications and Processes 34, Equity: Markets and Instruments 35. Return Concepts Rea e aoe Reading Assignments Aset Valuation and Equity, CEA Program Curriculum, Volume 4, Level 2 (CFA Institute, 2010) 36. Equity: Concepts and Techniques 37. The Five Competitive Forces that Shape Strategy 38. Industry Analysis 39. Valuation in Emerging Markets 40. Discounted Dividend Valuation STUDY SESSION 12 Reading Assignments Asset Valuation and Equity, CBA Program Curriculum, Volume 4, Level 2 (CFA Institute, 2010) 41. Free Cash Flow Valuation 42. Market-Based Valuation: Price and Enterprise Value Multiples 43. Residual {ncome Valuation 44, Private Company Valuation ©2009 Kaplan, Inc. page 11 page 13 page 22 page 39 page 60 page 86 page 104 page 115 page 136 page 183 page 228 page 274 page 305 Page 3