Articles
170 original finance lessons from basics to advanced regimes.
170 original RegimeForge articles cover standard financial-management concepts with examples, real-life identification, and a dedicated quiz for every article.
Curriculum Library
Detailed concepts, examples, and quizzes.
CAPM for Required Return
Intermediate RegimeForge lesson on CAPM for Required Return focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use Cost of equity = risk-free rate + beta x equity market risk premium, adjusted when country or business risk differs. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid treating CAPM output as precise when inputs are estimates, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateCost of Debt
Intermediate RegimeForge lesson on Cost of Debt focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use After-tax cost of debt = pre-tax borrowing cost x (1 - tax rate), adjusted for default and issuance context. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid using historical coupon rate when the market cost of borrowing has changed, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateCost of Equity
Intermediate RegimeForge lesson on Cost of Equity focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use Cost of equity = risk-free rate + beta x equity market risk premium, adjusted when country or business risk differs. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid treating CAPM output as precise when inputs are estimates, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateCost of Preference Capital
Intermediate RegimeForge lesson on Cost of Preference Capital focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = cost of equity x equity weight + after-tax cost of debt x debt weight + preference cost x preference weight. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid using the company's average WACC for every project even when the project has a different risk profile, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateCountry Risk Premium
Intermediate RegimeForge lesson on Country Risk Premium focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use Cross-border project value = expected foreign cash flow x expected exchange rate, discounted for project, currency, and country risk. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid mixing local-currency performance with parent-currency value without explaining the FX bridge, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateFlotation Cost Treatment
Intermediate RegimeForge lesson on Flotation Cost Treatment focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = cost of equity x equity weight + after-tax cost of debt x debt weight + preference cost x preference weight. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid using the company's average WACC for every project even when the project has a different risk profile, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateMarginal Cost of Capital
Intermediate RegimeForge lesson on Marginal Cost of Capital focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = cost of equity x equity weight + after-tax cost of debt x debt weight + preference cost x preference weight. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid using the company's average WACC for every project even when the project has a different risk profile, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateProject-Specific Discount Rates
Intermediate RegimeForge lesson on Project-Specific Discount Rates focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = cost of equity x equity weight + after-tax cost of debt x debt weight + preference cost x preference weight. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid using the company's average WACC for every project even when the project has a different risk profile, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateWACC Mistakes
Intermediate RegimeForge lesson on WACC Mistakes focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = Re x E/V + Rd x (1 - tax rate) x D/V + Rp x P/V. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid mixing book weights, market rates, and stale beta estimates without explanation, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Cost of Capital / IntermediateWeighted Average Cost of Capital
Intermediate RegimeForge lesson on Weighted Average Cost of Capital focused on estimating the return required by capital providers and using it as a disciplined hurdle rate. Students learn to use WACC = Re x E/V + Rd x (1 - tax rate) x D/V + Rp x P/V. as a framework, read evidence such as risk-free rate, market risk premium, beta, and credit spread, avoid mixing book weights, market rates, and stale beta estimates without explanation, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.