| Question |
Answer |
| ACP | Average collection period |
| ADR | American depository receipt |
| A/R | Accounts receivable |
| b | Beta Coefficient, a measure if an asset's riskiness |
| b L | Levered beta |
| b U | unlevered beta |
| BEP | Basic earning power |
| BVPS | Book value per share |
| CAPM | Capital Asset Pricing Model |
| CCC | Cash conversion cycle |
| CF | Cash flow; CF t is the cash flow in Period t |
| CFPS | Cash flow per share |
| CV | Coefficient of variation |
| D p | Dividend of preferred stock |
| D t | Dividend in Period t |
| DCF | Discounted cash flow |
| DPS | Dividends per share |
| DRIP | Dividend reinvestment plan |
| DRP | Default risk premium |
| DSO | Days sales outstanding |
| EAR | Effective annual rate, EFF% |
| EBIT | Earnings before interest and taxes; net operating income |
| EBITDA | Earnings before interest,taxes, depreciation, and amortization |
| EPS | Earnings per share |
| EVA | Economic value added |
| F | (1) fixed operating cost |
| FCF | Free cash flow |
| FV N | Future value for Year N |
| FVA N | Future value of an annuity for N years |
| g | Growth rate in earnings, dividends, and stock prices |
| I | Interest rate; also referred to as r |
| I/YR | Interest rate key on some calculators |
| INT | Interest payment in dollars |
| IP | Inflation premium |
| IPO | Initial public offering |
| IRR | Internal rate of return |
| LP | Liquidity premium |
| M | Maturity value of a bond |
| M/B | Market-to-book ratio |
| MIRR | Modified internal rate of return |
| MRP | Maturity risk premium |
| MVA | Market value added |
| N | Calculator key denoting number of periods |
| NOPAT | Net operating profit after taxes |
| NOWC | Net operating working capital |
| NPV | Net present value |
| P | (1) Price of a share of stock in Period t; P 0 = price of the stock today |
| Pf | Price of good in foreign country |
| Ph | Price of good in home country |
| P/E | Price / earnings ratio |
| PMT | Payment of an annuity |
| PPP | Purchasing power parity |
| PV | Present value |
| PVA N | Present value of an annuity for N years |
| Q | Quantity produced or sold |
| Q BE | Breakeven quantity |
| r | (1) A percentage discount rate, or cost of capital; also referred to as I |
| r bar | historic, or realized, rate of return |
| r hat | an expected rate of return |
| r* | Real risk-free rate of return |
| r d | Before-tax cost of debt |
| r e | Cost of new common stock (outside equity) |
Beef Production
