What is the Modigliani-Miller model?
The Modigliani-Miller model summarizes three theorems that the two American economists Franco Modigliani and Merton Miller have presented in an…
What is the clean price?
The distinction between "clean price" and "dirty price" is about the so-called accrued interest. Accrued interest can, as the name…
What is a registered share?
In principle, shares can be issued as bearer or registered shares. In the case of bearer shares - as the…
What does continuous compounding mean?
The continuous compounding model is a thought model or thought experiment that illustrates the difference between an annual, quarterly, monthly…
How is the FGBL calculated and how does the FGBL react to changes in interest rates?
All of the world's major central banks have been practicing "politics of cheap money" in recent years and have therefore…
What is a bond?
Summary for those in a hurry: In comparison to a share, a bond does not represent an interest in a…
How do I buy American stocks?
Summary for those in a hurry: Although large US companies (e.g. Coca Cola, Boeing or IMB) can also be traded…
Which shares or companies are in the MSCI World?
The MSCI World Index is one of the most well-known stock indices worldwide. It is well suited when it comes…
Profit vs. cash flow
Following one of our former articles, profit does not equal profit, we would like to address a related topic: the…
What happens to a share in the case of insolvency?
This question may sound trivial, but in our opinion it is certainly justified. Since we are not afraid of international…