Credit analysis is not entirely unlike equity research. In both cases the analyst is trying to answer questions about the…
I think the balance sheet is probably the easiest of the major financial statements to understand, so we’ll begin there.…
For a quick overview of Monte Carlo simulations, I recommend you check out Part I. Example: Suppose we work for…
I confess that Monte Carlo methods confused and to a certain extent intimidated me for a long time. It was…
The two most common measures applied to proposed projects (for everything from expansion to replacing old equipment) are net present…