In this way one can either roll over to a new position as a matter of course, or get the cash value net of commissions before determining the best use of the proceeds.
Mathematically, the present value of EVA always is exactly the same as the net present value of cash flow.
The value of an operating asset are the net present value of expected free cash flows discounted to infinity.
Lifetime value is the net present value of the profit stream of a customer.
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One guide might be the net present value of future tax payments, minus the net costs of public services disbursed there.
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And one thing I just want to be clear on is we actually believe in the creative destruction of markets as well when the net value for the poor is positive.
The discount is the gap between the net aggregate value of investments and the lower valuation placed on the investment trust itself.
Fund managers involved in the talks say that the reduction in the net present value of the bonds may be much higher than that suggested by a 50% reduction in their face value: the true figure could be closer to 70%.
And witness the split in the stockmarket between blue-chips such as Toyota, whose capitalisation is still three times that of the big three American car makers put together, and small, primarily domestic companies traded on the over-the-counter market, some two-thirds of which are trading for less than the net value of their assets.
The biggest difference is that index funds operate in the way all mutual funds do, in that they are priced at the close of the trading day based on the net asset value (NAV) of the underlying securities.
Somebody must have raised some money at some time in the past, as the 7 million in net book value of property on the assets side is matched mainly by net worth and an unsecured note of 1.5 million.
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Many have claimed the relatively small net value of CDS outstanding make the situation inconsequential.
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Measuring economic costs weighs the expense of both vaccination and illness against the net present value of the future earnings of someone who would otherwise die from the disease.
In a drawback, Superfly doesn't show you the potential net value of tickets on airlines or alliances whose mileage programmes you haven't yet joined.
If the net value of all active management is less than zero, then the logical choice is to do all index funds, all the time.
In the SPDR Gold Trust prospectus, for example, the trust can liquidate when the dollars in the trust fall below a certain level, if the net asset value (NAV) drops below a certain level, or by agreement of shareholders owning at least 66.6% of all outstanding shares.
The results show that the 40-year bond produces a reduction in the Net Present Value of the payments of 43% (an early version of this post had reported this as 37% but commenter Nene pointed out an error in the spreadsheet thanks for the input Nene).
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Based on the assumption that all future generations will have to pay the bills that today's generation has left behind, Mr Kotlikoff tries to measure the present value of net future taxes (that is, taxes to be paid minus benefits, such as pensions, to be received) for individuals of different ages over their remaining lifetimes and, collectively, for future generations.
One way to calculate the reduced burden due to delaying payments is to calculate the net present value (NPV) of the stream of payments.
The popular idea that a company is no more than the net present value of its future cash flow depends on guessing first what that cash flow is going to be, and then what future interest rates are going to be.
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If the private sector is accepting a 21% reduction in the net present value of their Greek holdings, in exchange for longer term bonds from a country that is now able to service to its debt, that would be a pretty good deal for the banks.
This means that the share price and the net-asset value are one and the same, but it also means that portfolio managers are slaves to financial fashion: when an asset class becomes popular, money comes pouring in and they must buy.
Presumably the present value of cost recovery deductions net of future recapture is embedded in the fair market value of buildings.
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So pitting intangible value against concrete cost increases is a hard sell, even when the net present value is positive.
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The Swiss franc has fallen against the dollar, however, and second thoughts have caused investors to dump the shares, pushing them down to a trading price of about half the net asset value.
The Swiss franc has fallen against the dollar, however, and second thoughts by investors have caused them to dump the shares, pushing them down to a trading price of about half the net asset value.
That drop in value caused Plaza Group to trigger the loans' net asset value ratio covenant and default, according to filings made by Plaza Group in bankruptcy court.
These unitholders will receive the then-current net asset value of the units, based on the current market value of the underlying securities in the portfolio, less any remaining deferred sales charge, as of the evaluation time.
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Horton now trade at 1.9 times the per-share value of the company's net assets, approaching the 2.3 level seen in 2004-05.
By another gauge, though, U.K. REITs aren't as pricey as you'd think: the stock price versus net asset value, which is the worth of a property portfolio after debt is taken out.
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