8 lines
471 B
Markdown
8 lines
471 B
Markdown
# Present Value
|
|
In quantitative finance, the present value of a [financial asset](financial-asset.md) is the expected [income](income-cashflows.md) stream determined as of the date of valuation.
|
|
|
|
See also [terminal value](terminal-value.md).
|
|
|
|
## References
|
|
1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
|
|
1. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007. |