这个cash operating expenses到底是怎么提现在公式中的呢？FCFF=NI+Int（1-T）+NCC-WCinv-FCinv，说明cash revenue+cash operating expenses=NI+Int（1-T）+NCC，右边部分是一个交税后的值，而讲义上Free cash flow那张图上的cash operating Expense 标注是include taxes

financial risk：credit market liquidity

老师，pe里的IRR，第5步不懂了啊…能不能详细讲下…

请问 这道题中 target capital structure根本用不上是么

12. A company previously expensed the incremental costs of obtaining a contract.All else being equal, adopting the May 2014 IASB and FASB converged accounting standards on revenue recognition makes the company’s profitability initially appear: A. lower. B. unchanged. C. higher. 为什么是HIGHER？

请问百题有没有讲义啊 资料那个模块不能点

老师，三角套汇中，算出来一个交叉汇率，那当我进行买卖外汇时，是用我自己算出来的这个还是用题中给的那个交叉汇率算？

所有的衍生品的valuation在期初都等于零吗？期权也是吗？期权在合同一成立时的估值不等于零吧？

08.单选题 收藏 标记 纠错 An investor who intends to expose to real estate indirectly will most likely choose to invest in: A Real estate investment trusts. B Real estate limited partnerships. C Commercial mortgage backed securities. 你好，这里没有说这个是 debt exposure 还是 equity exposure 呀。

为什么M-score模型里的Accrual用NI-CFO算，而后面的Accrual model里的Aggregated Accrual=NI-CFO-CFI，差别在哪里？