But here, the Price to Earnings for 2009 then becomes let's see.

But for our sake, let's just say that when you give the widget, you have earned the money that they give you, and that's revenue sales.

The Price to Earnings ratio is the same.

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

So for every dollar of earnings per year, if you believe that the 2008 earnings are indicative, you're paying 4 here.

For the same earnings you're paying a lower price.

Earnings ratio of 4.

So a plus b have to be equal to 50.

But one of the things that we always tend to confuse is the difference between a revenue model and pricing.

Profitable.

This is unreported income gained from an illegal venture.

And you could guess what the next line is going to be, given that this says pre tax.

Invest financial assistance, but also management assistance.

And we can eyeball it right here.

Maybe Abby made 50 and Ben earned 0.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

And the payments?

That will now compound over the next month.

What's this, dear?

Because when someone says earnings, are those the earnings last year?

And what's left over for the equity?

You're going to pay it over 30 years, or you could say that's 360 months.

I believe is 17 or 18.

So growth is the other reason why you're willing to pay a higher Price to Earnings ratio.

The earnings I just said, this is actually what happened to the company.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

Because some of them have paid, and some of them are still paying.

Payment

Pay up

And the first one is that this whole idea about revenue stream, Steve, I get it.

So let's look at them over the course of one year.

So notice.

Everything on this line would be a valid combination of

But the important thing to realize is that these payments

We were only getting paid for DeMarco.

He owned Mark after that dinner.

Please use an alternative method of payment.

Solvency is entirely a matter of temperament and not of income.

And we add back the interest, at least in this example, we get to an operating profit number.

Does it have to be the full amount?

Processing Payment

Number of periods

So all of these are payments.

And when will you settle your account?

Abby earned 10 more than Ben.