a higher persistence factor is associated with a low dividend payout ratio, and vice versa. A high return on equity is associated with a lower persistence factor. 怎么理解这两句话？
buying puts and calls with the same exercise price and expiration date is equivalent to shorting (selling) futures contracts. 以前看懂的现在不懂了。。
当economic pension expense-employee’s contribution比较大的时候，这个差值乘以(1-t)从CFO中流出，流入CFF，这是NOTES上的句子。这样做是使得CFF变小CFO变大么？
Equity method只包括capital flows between parent and investee in the CF of Parent. What about consolidation method? 把investee全部的CF放在母公司的CF里吗？
Why低通胀带来high P/E？
Committed capital与invested capital的区别是什么？（在PE里面计算manager的carried interest时）
在高通胀国家EBIT用nominal值？要算income tax是需要以nominal earning before tax为基础的，但书上又说EBITDA用real值。
V=E/r+PVGO 分母的r是required return on equity?
若reinvest tax savings, tax loss harvesting会减少total tax paid over time吗？书上只说如果不reinvest的话就不会减少，我不知道倒过来是不是就会减少了。因为这里面有个Time value的问题，是否与之有关？
Sale of receivables without recourse怎么在balance sheet上调整？书上只讲了with recourse的情况。
时间不多 谢谢各位达人！！！ | 
发表于 2009-6-2 16:08
| 