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Chapter 20

 discuss the advantages and disadvantages of the different income-based
valuation models

 value a company in a scenario question, selecting appropriate valuation
methods

 calculate the value of irredeemable debt, redeemable debt, convertible debt,
and preference shares

 explain the concept of market efficiency

 distinguish between and discuss markets that are not efficient at all, weak form
efficient, semi-strong form efficient and strong form efficient

 evaluate the efficiency of a market in a scenario

 describe the significance of investor speculation and the explanations of
investor decisions offered by behavioural finance

 discuss the impact of the marketability and liquidity of shares in reaching a
valuation

 discuss the impact of availability and sources of information in reaching a
valuation

 discuss the impact of market imperfections and pricing anomalies in reaching a
valuation

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 20 of your Study Text

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