1. Define the following terms: Value drivers Value-based management

2. Why doesnt a volatile stock price necessarily imply irrational pricing?

3. Define the following terms: Expected (estimated) value Market price

4. Define the following terms: Required rate of return Expected rate of return Actual (realized) rate of return

5. Define the following terms and type out the formula used to calculate each: Capital gains yield Dividend yield

6. Explain the multistage valuation model when applied to FCF and dividends. Also show the equation used for each.