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Hi, I am unable to clearly understand two concepts. 1. Sinking fund provision 2. Maintenance and replacement fund Can you make me understand these in very layman language? Please give a simple example of each apart from GARP core reading example. Thanks!!

I wanted to ask that if inflation, a proxy for interest rate, increase then why currency depreciate? My explanation: If inflation increases, the interest rate in that country will also increase. Due to the increase in interest rate, the foreign investor will invest in that country and demand...

Can you please explain the reason behind this statement that I read in notes. From a mathematical standpoint, it is never optimal to execute an early exercise on an American call option on a non-dividend paying stock. However, it can be optimal to execute an early exercise on an American put...