R26 Industry & company anolysisModule 26.1 Forecastiong ginancral statemonts1. voluation approaches.Bottom up : start with indivrdual company or its r..
Simple Ver.: 보관 비용 및 benefit 발생 x2. 보관 비용 및 benefit 등 CF 발생 시 Cash & Carry Arbitrage1. ... Valuation of forward commitments Forward price 결정: ‘No Arbitrage Principle’- 가정: 1) transaction cost = 0 2) ... 때(F 의 mkt p > arbitrage-free p): cash&carry arbitrage- Rf 에 borrow money → buy spot Asset → short F2.
& is consistent with society’s ethical expectationStandards of conduct- Give members a group a min. level ... general expectations for a group of professionals)- Professional standards of practice: specify min. level ... necessary part of ‘code of ethics(일부 code of ethics 에는 include set of rules/standard that require some min. level