Toot toot!

We’ve had some roof issues here at the spa lately, which isn’t good given all the rain this spring. Every time it rains we’ve got estheticians and massage therapists popping into all the administrative offices, “Ummmmm, my ceiling is leaking? And it’s dripping on my client? And I don’t really know what to doooo?”

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rd = r* + IP + DRP + LP + MRP

Many apologies for not posting yesterday. It seems that the first week of Financial Management is much harder than I anticipated. Much of it is review from accounting, but some of it is brand spankin’ new. Like calculating corporate tax liability given interest and dividends (received and paid). And bond yield given inflation premium, the real risk-free rate (catchily termed r* – which the author of our text book felt necessary to tell us is pronounced “r-star”), default risk premium, liquidity premium and maturity risk premium.

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