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  1. Nicole Seaman

    CFA Level 1 CFA: Discounted Cash Flow & Internal Rate Return (DCF, IRR)

    Here we look at the calculation and interpretation of two of the most popular decision-making tools in corporate finance: Net Present Value and Internal Rate of Return.
  2. Nicole Seaman

    YouTube T3-09: Theoretical price of a bond using spot rates

    The theoretical bond price is the present value if the future cash flows are discounted at the spot (aka, zero rates); in other words, it is the price given by discounted cash flow (DCF). We don't expect the traded (observed) price to exactly match because the DCF price is fundamental, yet...