engleski

Investment performance of common stocks in the hospitality industry

Common stocks are easier to describe than fixed-income securities such as bonds, but they are harder to analyse. Fixed-income securities almosi always have a limited life and an upper kune limit on cash payments to investors. Common stocks have neither. Although the basic principles of valuation apply to both, the role of uncertainty is lager for common stocks, so much so that it often dominates all other elements in their valuation.

common stock; value stocks; dividends; target firm; rights

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