Harvard Business Review

APRIL 27, 2017

One capital form is debt: a bond. Bonds give the debtor certainty over its ability to use the capital for a fixed period of time (unless there is a call provision written into them). However, unlike a bond, common equity is not long-term/forever on predetermined, immutable terms. The Refresher: Net Present Value.

Hedge 9

Hedge Short-term Long-term NPV 9

Harvard Business Review

DECEMBER 11, 2013

And now, post-election, it was critical that the bonds be strengthened further. These were engineers and network planners; surely, they understood economics and net present value analysis. But consider the economics,” I continued. “A You would forgo the chance to connect with the rest of Africa.”. I told them my story.

Net Present Value 8

Net Present Value Analysis Politics Telecommunications 8

Strategy Driven

SEPTEMBER 9, 2011

Many conventional metrics we use to estimate value are based on faulty assumptions. Net present value [NPV] is a case in point. In bond trading, there is no relationship, bond prices today have little to do with bond prices tomorrow, and I could completely change my positions overnight.

Innovation 50

Innovation NPV Business Model Constraint 50