Economics Economics [ Currency Exchange Rates: Determination and Forecasting ] ○ Exchange rates : USD/AUD 1.0508-1.0510 - base currency : AUD, price currency : USD - bid price : 1.0508, dealer buy, ask(offer) price : 1.0510, dealer sell - AUD/USD = 1/1.0510-1/1.0508 ○ Triangular arbitrage - (FC1/DC)×(FC2/FC1)×(DC/FC2) - 1 > 0 (profit) = 0 (no arbitrage) < 0 (loss) ○ International parity theory equation co.. 더보기 Corporate Finance Corporate Finance [ Capital Budgeting ] ○ Cash Flow table 기초 영업 중 기말 - FCInv - NWCInv +(S-O-D)(1-t) + D +(S-O)(1-t) + Dt +BV of FCInv +세후 매각이익 +NWCInv - CF ⇒ 증분 CF, 외부효과(cannibalization), 기회비용 but 매몰비용 × - WACC ⇒ 프로젝트 β 사용, MV비중 이용 ○ 자본 할당 NPV IRR PI 가장 우월 unconventional CF ⇒ multiple IRR or No IRR NPV = 0 → PI = 1 PV of CF / investment ○ Economic 분석 - Economic income = cash flow + change in MV .. 더보기 Alternative Investment Alternative Investment [ Private Real Estate Investments ] ○ Capitalization Rate - cap rate = discount rate - growth rate - value = V0 = NOI1 / cap rate - NOI = 세전 금액 ○ ERV (estimated rental value) - term and revision approach : 계약 기간에 맞는 할인율 - layer method : 증분 현금 흐름에 맞는 할인율 ○ Basic forms of real estate investment Debt Equity Private Mortgage Direct investments such as sole ownership, partnersh.. 더보기 이전 1 ··· 26 27 28 29 30 31 32 33 다음