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

This would be a breakthrough communication technology, with the power of connecting an excluded and fragmented continent with itself, with the world, and to this newly emerging phenomenon — that none of us quite understood at the time — called the Internet. And now, post-election, it was critical that the bonds be strengthened further.

Net Present Value 8

Net Present Value Analysis Politics Telecommunications 8

Harvard Business Review

APRIL 2, 2014

You know, the future value of money, the present value of money — money today is worth more than in the future because you can invest it and get interest. That is, potentially amazing technology if you can only figure out how it works. This stochastic discount factor model is the modern economic update of those, correct?

CAPM 8

CAPM Discount Price Finance 8