1.1 OVERVIEW

1.2 VALUATION PROBLEM

1.3 ASSUMPTIONS

1.4 EVALUATION OF RISKY CASH FLOWS

1.5 PORTFOLIO DIVERSIFICATION

1.6 THREE-FIRM CASE

1.7 FINANCIAL ANALYST APPROACH

1.8 FINANCIAL STATISTICIAN APPROACH

1.9 CAPITAL MARKETS: OVERVIEW

1.10 STOCK MARKETS

1.11 STOCK INDICES

1.12 TRADING IN THE MARKETS