I. Assumption: Conflicts of interests can only be resolved, not eliminated, by competit...
I. Assumption: Conflicts of interests can only be resolved, not eliminated, by competit...
investor types: pension fund (defined benefit) risk tolerance high long duration low li...
financial system functions 1. satisfy needs of saving, borrowing, issuing equity, risk ...
p422 payback period (pbp) = 原始投资额/每年现金净流入量 discounted pbp average accounting rate of re...
1. 债券发行的影响 @现金流量表 债券发行时: cff增加 支付利息:cfo减少 本金偿还:cff减少 @利润表 溢价发行:市场利率<票面利率 利息费用=支付现金-溢价摊销...
投资回报率 roa = ebit / average total assets总资产回报率 rotc = ebit / average(capital debt+shareh...
p345 CFO, CFI, CFF - US GAAP下经营型现金流(CFO)包括股利收入、利息收入和利息支出。但不包括股利支付(CFF) - 非现金投资和融资(房地产,债...