48 overview of equity securities
2016-11-13 09:38:08 0 举报
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non-domestic equity
global depository receipts: outside of US and Issuer's country, but with us dollars
American depository receipts: in us with US dollars
Global registered shares: different currencies on stock exchanges
Basket of listed depository receipts: ETF trade in markets
ROE
ROE= NI/average Book Value
ROE=NI/S x S/A x A/E
VALUE
when required rate of return increase, intrinsic value decrease
when expected return rate increase, market value decrease
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