Скачать или смотреть CFA® Level 2: Residual Income Model Masterclass with Peter Olinto

Level up your CFA® Level II Equity prep with a clear, exam-style walkthrough of the Residual Income model: what it is, why ROE minus r drives value, and how to build horizon values fast.

See multiple worked problems (DDM cross-check, EVA/WACC, MVA, justified P/B, implied growth, and persistence) with calculator-ready steps. Watch to learn proven setups you can replicate on test day.

What’s inside:
00:00: Intro and tech check
02:38: Study mindset (L2 overview)
05:02: Residual Income model: IV = BV₀ + PV(RI)
05:55: HPK example (liquidating dividend, r=12%)
13:18: DDM cross-check matches RI result
15:30: RI vs. EVA; build WACC and reconcile
23:00: Market Value Added (MVA) example
31:00: Justified P/B when RI = 0, greater than 0, less than 0
36:00: Implied growth from market price via RI
40:00: Terminal value playbook (4 methods)
41:00: Horizon via P/B premium at t=3
49:00: Constant RI growth terminal setup
51:00: Persistence factor terminal setup
53:30: Exhibit build: RI₁–RI₃ + terminal; discounting
01:01:20: Implied growth worked example
01:04:30: Q&A: BV roll-forward and why RI₄ feeds TV at t=3

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