1 | Differentiate between debt and equity, understand the fund source and usage. |
2 | Understand and apply the basic valuation model to stocks. |
3 | Understand the fundamentals of risk, return, and risk preferences. |
4 | Understand the concept of the cost of capital and calculate the weighted average cost of capital. |
5 | Understand the key elements of the capital budgeting process and cash flows. |