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The concept of the stochastic discount factor (SDF) is used in financial economics and mathematical finance. The name derives from the price of an asset being computable by "discounting" the future cash flow x ~ i {\displaystyle {\tilde {x}}_{i}} by the stochastic factor m ~ {\displaystyle {\tilde {m}}} , and then taking the expectation. [ 1 ]
Neil Alden Armstrong (August 5, 1930 – August 25, 2012) was an American astronaut and aeronautical engineer who, in 1969, became the first person to walk on the Moon.He was also a naval aviator, test pilot, and university professor.
In financial accounting, free cash flow (FCF) or free cash flow to firm (FCFF) is the amount by which a business's operating cash flow exceeds its working capital needs and expenditures on fixed assets (known as capital expenditures). [1]
Mohamed Atta [a] (1 September 1968 – 11 September 2001) was an Egyptian terrorist hijacker for al-Qaeda.Ideologically a pan-Islamist, he was the ringleader of the September 11 attacks and served as the hijacker-pilot of American Airlines Flight 11, which he crashed into the North Tower of the World Trade Center as part of the coordinated suicide attacks.
Heidi Klum (pronounced [ˈhaɪdiː ˈklʊm]; born 1 June 1973) [6] is a German-American model, television host, producer, and businesswoman. She appeared on the cover of the Sports Illustrated Swimsuit Issue in 1998 and was the first German model to become a Victoria's Secret Angel.
As with private discount rates, social discount rates can attempt to incorporate several factors (however, some factors may overlap or be inapplicable in a given analysis). One factor is a common expectation of increased wealth in the future, in which case a dollar received now, in the midst of relative poverty, has more utility than a dollar ...
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