EAD is approximated by replacement cost plus PFE. I read this somewhere.
We know EAD is a future, not current, concept. So I understand EAD can be approximated by PFE but why also add replacement cost?
EAD is approximated by replacement cost plus PFE. I read this somewhere.
We know EAD is a future, not current, concept. So I understand EAD can be approximated by PFE but why also add replacement cost?