Present Value

In quantitative finance, the present value of a financial asset is the expected income stream determined as of the date of valuation.

See also terminal value and valuation model.

References

1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
2. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.