What is Intrinsic Motivation? Intrinsic motivation refers to the stimulation that drives adopting or changing behavior for personal satisfaction or fulfillment. Such motivation drives an individual to perform an activity for internal reasons that are personally satisfying, as opposed to being motivated extrinsically – that is, by the prospect of obtaining some external reward, such…
What is Value? In accounting terms, value is the monetary worth of an asset, business entity, goods sold, services rendered, or liability or obligation acquired. In economic terms, value is the sum of all the benefits and rights arising from ownership. Economic Value The economic value of a business is the business’s contribution…
Black Scholes Calculator This Black Scholes calculator uses the Black-Scholes option pricing method to help you calculate the fair value of a call or put option. Here is a brief preview of CFI’s Black Scholes calculator. Download the Free Black Scholes Calculator Enter your name and email in the form below and download the free…
Should You Put Dean’s List on Resume? Dean’s list on resume should be included next to your Grade Point Average (GPA). There is some debate over whether it should be included or not. Some professionals consider it redundant, unnecessary resume-padding. This guide will show you how to put the dean’s list on your resume and…
Levels of Language Proficiency For anyone pursuing a career in corporate finance, it can be important to include your level of language fluency on your resume and job application. There are five language proficiency levels, and many employers require at least level three, which is essentially a professional (functional) working proficiency level. This guide will…
Does an investment banking cover letter matter? At most investment banks, cover letters that accompany resumes are barely read, if read at all. Applications are typically screened according to your resume, with school and GPA as the first filter. If you went to a “name” school and have a strong GPA, then your resume and…
What is an Internship Cover Letter? When applying for an internship, most companies require students to write and send an internship cover letter as part of the application documents. Resumes from students don’t ordinarily show extensive work history. That makes an internship cover letter different from a typical cover letter because it’s usually a more…
What is Modified Duration? Modified duration, a formula commonly used in bond valuations, expresses the change in the value of a security due to a change in interest rates. In other words, it illustrates the effect of a 100-basis point (1%) change in interest rates on the price of a bond. Modified duration illustrates the…
