27

TAT TCCE ATA YT- 7RE(Time value of money-meaning and definition)

unit ol money is different in different time periods) | G R Te EAI aoA AN VR A *7),

(Time preference for money)

9ARO PE*
AAICTC* U(A TTACE UZg 7uy-

A17 K ZIS (discount rate)

1A *l4
1RI A |
TCA (rate of return)-93 7 O

Example

CST5?

1 Ti 1916
1050 DReI| SIR A9ATG 1000 D R
efe 1
 48

AKET (Definition of Risk

TR TsAT TR KT (Risk is defined as the probability tnat

T
B Srom
O AIA
an investment will be less than the expected return.")1eR AUO ATS, AI
a R a (Risk is the variability of return from an stmen
O * (Types of Risk)

1.
193 (Investment risk) : T A aAG
financial or
capital asset) = RS3 TUTAI 1 7KPT
a7 (R (a single
2.
AT r (Systematic risk): a fess A TA efodR PA RA TÅR A

7TR (money supply) 1 PACI RY

T 29dIAA AAI fH IA,
3. CGCPfre e (Portfolio risk) : I TAA SUACAI ATe 7*00
ATN AAA1 3 R
4, faRfeyo (Unsystematic risk) :
T FINITIE EdIAT TYAeE AETst

O ATAA R (Definition of Return)

I P 2 5
(Prasanna Chandra) C , "I A A et
a R A7Hd wsi 3A UA U 1 (The returm from an investment is the
period of time.)
realisable cash
earned by its owner during given
a

(Measurement of Return)
OWITAR MAT

956 (Profit method),

(i) TRPT flow method),
AR HTE (Cash
(ii) Ta method),
7 U (Income
(iii) 4R
(Ratio method)
(iv) TS T Return method)i
U P9T6 (Weighted Average
s y
(v)
(y)