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An economic policy is a course of action that is intended to influence or control the behavior of the economy. Economic policies are typically implemented and administered by the government.

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Perhaps the most consequential change of tax reform is the lowering of the corporate tax rate from 35% to 21%. In the short term, this will result in a major true-down of the deferred tax asset (DTA) on companies’ books for equity compensation, which will in turn worsen earnings for the reporting period in which the Tax Cuts and Jobs Act was

Actually, the XIRR function can help us calculate the Compound Annual Growth Rate in Excel 

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The important point to realize here is that if we were calculating the integral over a If $10,000 were put into a savings account that gives an interest rate of 6%.

If the market price is $1,200, the current yield is 4.2%. And if bond is selling exactly at par, or $1,000, the current yield is 5%, the same as the coupon rate. If you own a stock, its current yield is the annual dividend divided by its market price.

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