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Using first principles to determine a formula

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asked May 11 in BUS 1003H - Introduction to Financial Risk by anonymous
It is question 4 in Part A of the 2015 Test 1. What exactly does it mean by first principles?image

1 Answer

+2 votes
answered May 11 by Abigail Vigar (640 points)
selected May 15 by Rowan
Best answer

Hi there

So in this case by first principles just means prove... If you go have a look in the module you'll find the proof set out really well.