公司理财英文版第十九章二十章.pptVIP

* V = variable cost per unit ? = probability of default * Lecture Tip: You may wish to emphasize here that full-blown credit analysis contains both quantitative and qualitative aspects. As any loan officer will tell you, using the five C’s to evaluate a potential borrower reflects both types of considerations. For example, capacity and capital are measured primarily by examination of the borrower’s financial statements, while character is measured by both the borrower’s prior credit history, as well as by the lender’s (often highly unscientific) assessment of the borrower’s integrity. Complic