Equations

F (t, d/f ) = S(t, d/f )

1 + id
1 + if

(1)

E(rA ) = rf + [E(rm )

rf ]

(2)

annualized rate = de

annualized rate
1) + ce(t)2

v(t) = a + bv(t

E [S(t + k, d/f )] = S(t, d/f )

f mr(t + k) =
exr(t + k) =

1 + id
1 + if

S(t + k) F (t)
S(t)

S(t + k)
[1 + if ]
S(t)

P (t) =

360
100
N

N
X

[1 + id ]

wi P (t, i)

(3)
(4)
(5)
(6)
(7)

(8)

i=1

P I(t + k) =

P (t + k)
P (t)
P (t + 1)
P (t)

1 + (t + 1) =

(10)

P (t, d)
P (t, f )

(11)

1 + d
1 + f

(12)

S(t, d/f ) P (t, f )

P (t, d)

(13)

S(t, d/f ) =

1 + s(d/f ) =
RS(t, d/f ) =

(9)

1 + rep =

14

1+i
1+

(14)