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the Ordinary shares are called securities that represent the investor's rights to a share of ownership (and risk) in the company.Methods of determining the actual value of the apartment for rent and predict its market value is based on two fundamentally different approaches: fundamental and technical. It should be borne in mind: if fundamental analysis is suitable for all stock, technical - only for liquid (and they are active in the stock market).Fundamental analysis is based on the interpretation of indicators in the external environment (the economic and political situation, legislation, market conditions).
 
Technical analysis involves the study of the dynamics of the market prices of the various shares of their sales, spread, risk, and other market indicators. Further, based on hotel Novosibirsk the forecast prices of shares traded on the stock exchanges.
 
Consider such concepts as value and structure of revenues that accrue to the holder of the ordinary shares. Unlike cash flows, characteristic of bonds and preferred stock which are set in accordance with the prospectus, the future income stream associated with the ordinary shares, is characterized by a much greater degree of uncertainty.Exchange rate (market) value apartments for rent at any future date is a random value depending on many factors. The conventional approach to the prediction of this value is developing a list of possible economic outcomes, each of which defines a specific value of a random variable PI. The set of probabilities of such scenarios gives the probability distribution of a random variable R. To calculate the expected market value of the shares on the basis of these data it is necessary to use equation [3,p.79]:
 
, where K is the total number of possible economic outcomes (scenarios);vi is the probability of the i-th scenario.
 
Due to the volatility of the market assessment of the expected market value is with a certain error measure which is variance - the expected value of the squares of the deviations from the average price[3,p.79]: . the
 
In practice as a measure of the deviation of a random variable from the mean value is more often used indicator of the standard deviation , which is the module square root of the variance.When evaluating photos of Novosibirsk determined present value of all cash payments from the Issuer to the investor. About the same actual value of the ordinary shares can be found as internal given the price of the stock. Based on the concept of discounting of incomes, it can be regarded as the present value of all expected cash dividends paid by the Issuer to the uncertain in advance of the deadline. The corresponding equation has the form[3,p.82]:
 
where the expected amount on rental apartments paid at the end of year t;rt - the required by the investor in the same year, the rate of return (or capitalization rate) for the shares of the Issuer.This model was first developed by John B. Williams .If the investor expects after a while to sell a stock to calculate its actual value can be used in the equation
 
where T is the number of annual periods, during which the action is owned by the investor; -the expected market value of the shares at the end of year T ( at the time of sale of shares).Thus, the value of the stock is determined by expectations of future dividends and future market value, which is also based on expected future dividends. file transfer in Internet is SST, in the end, everything receives from the issuing company by the shareholder. Therefore, the Foundation to determine the actual value of the common stock must be dividends. The simplest model assumes the same from year to year rate of return r and with constant dividend growth rate. N a practice the demyansk city abrupt increase in future dividends of the company can exceed expectations of all investors. However, if we assume that the growth rate of dividends are constant and the rate of growth of dividends, denoted as g, then the actual value of the shares will be as follows:
 
- expected in the current year, the amount of dividends per share.Thus, the dividends that an investor expects to receive at the end of a certain period, n, equals the most recent dividend multiplied by a complex growth rate, (1+g)n.Assuming r>g , then the formula (18) can be simplified to
 
These apartments are often called "housing office".3. Task. The prices of goods and services for 10 years increased 4 times, salaries increased 2 times. As the percentage has changed, real wages
 
nominal (monetary) is the amount of money received by a worker per unit of time (hour, day, week, month, year). Real is the number of goods and services that can be purchased for a nominal salary. It depends on the price level. Between these values there is a strong correlation, which is expressed by the formula.