{"id":10214,"date":"2026-09-19T23:27:06","date_gmt":"2026-09-19T14:27:06","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-07\/"},"modified":"2026-09-20T11:06:05","modified_gmt":"2026-09-20T02:06:05","slug":"g2-equity-07","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-07\/","title":{"rendered":"FCFF\u30fbFCFE\u3068\u8cc7\u672c\u653f\u7b56\u3068\u306f\uff1f\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u308b\u30dd\u30a4\u30f3\u30c8\uff5c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u30fb\u682a\u5f0f\u5206\u6790"},"content":{"rendered":"<style>.cma-tbl{margin:1.2em 0 1.6em;overflow-x:auto;-webkit-overflow-scrolling:touch;border-radius:8px;box-shadow:0 1px 4px rgba(34,0,94,.12);}.cma-tbl table{width:100%;border-collapse:collapse!important;margin:0!important;font-size:15px;line-height:1.6;background:#fff;border:none!important;}.cma-tbl th,.cma-tbl td{padding:10px 12px!important;border:1px solid #e3def0!important;vertical-align:middle;word-break:break-word;}.cma-tbl thead th{background:#22005e!important;color:#fff!important;font-weight:700;text-align:center;white-space:nowrap;}.cma-tbl tbody tr:nth-child(even) td{background:#f7f5fc;}.cma-tbl tbody th{background:#f3eee0!important;color:#22005e!important;font-weight:700;text-align:left;width:28%;border-left:4px solid #b08833!important;}.cma-tbl.kv tbody tr:nth-child(even) td{background:#fff;}.cma-tbl td.num{text-align:right;white-space:nowrap;font-weight:700;color:#22005e;}.cma-tbl td.q{text-align:center;white-space:nowrap;font-weight:700;color:#b08833;}.cma-tbl tr.total td{background:#f3eee0!important;font-weight:700;}@media (max-width:640px){.cma-tbl table{font-size:13px;}.cma-tbl th,.cma-tbl td{padding:8px 7px!important;}.cma-tbl thead th{white-space:normal;}.cma-tbl tbody th{width:32%;}.cma-tbl.kv tbody th,.cma-tbl.kv tbody td{display:block;width:100%;box-sizing:border-box;}.cma-tbl.kv tbody th{border-left:4px solid #b08833!important;border-bottom:none!important;padding:6px 10px!important;}.cma-tbl.kv tbody td{border-top:none!important;padding:8px 10px 12px!important;}.cma-tbl.sched td:first-child{white-space:nowrap;font-weight:700;color:#22005e;background:#f3eee0;}}.cma-tbl.two tbody td:first-child,.cma-tbl.three tbody td:first-child{font-weight:700;color:#22005e;background:#faf8f2;}.cma-tbl.two tbody td:first-child{width:38%;}.cma-tbl.three tbody td:first-child{width:26%;}.pr-note{font-size:12px!important;color:#777!important;margin-bottom:1em!important;line-height:1.5!important;}.cma-answer{border:2px solid #22005e;border-radius:10px;padding:16px 18px 6px;margin:1.5em 0;background:#f7f5fc;}.cma-answer .cma-answer-title{display:inline-block;background:#22005e;color:#fff;font-weight:700;padding:3px 12px;border-radius:4px;margin:0 0 8px;font-size:14px;}.cma-answer ul{margin:0 0 8px;padding-left:1.2em;}.cma-answer li{margin-bottom:6px;}.kotora-cta{border:2px solid #ff9900;border-radius:10px;background:#fffaf2;padding:18px 18px 14px;margin:2em 0;text-align:center;}.kotora-cta p{margin:0 0 10px!important;text-align:left;}.kotora-cta p:last-child{margin-bottom:0!important;}.cma-link-box p,.cma-answer p{margin:0 0 8px!important;}.kotora-cta .kotora-cta-lead{font-weight:700;color:#22005e;text-align:center;font-size:1.05em;}.kotora-cta .kotora-cta-btn{text-align:center;margin:14px 0 8px;}.kotora-cta .kotora-cta-btn a{display:inline-block;max-width:100%;box-sizing:border-box;background:#ff9900;color:#fff!important;text-decoration:none!important;font-weight:700;padding:14px 28px;border-radius:40px;box-shadow:0 3px 0 #d97f00;font-size:1.05em;line-height:1.4;}.kotora-cta .kotora-cta-btn a:hover{opacity:.9;}.kotora-cta .kotora-cta-note{font-size:12px;color:#666;text-align:center;margin:0;}.cma-link-box{border:2px solid #b08833;border-radius:8px;background:#faf8f2;padding:14px 16px 4px;margin:1.2em 0;}.cma-link-box p{margin:0 0 10px;}.cma-link-box .cma-link-box-title{font-weight:700;color:#22005e;}@media (max-width:640px){.cma-tbl.two tbody td:first-child{width:40%;}.cma-tbl.three tbody td:first-child{width:28%;}.kotora-cta{padding:14px 12px 10px;}.kotora-cta .kotora-cta-btn a{display:block;padding:14px 12px;font-size:1em;}}@media (max-width:640px){.cma-tbl.three{box-shadow:none;border-radius:0;overflow:visible;}.cma-tbl.three table{background:transparent;}.cma-tbl.three thead{display:none;}.cma-tbl.three tbody,.cma-tbl.three tr{display:block;}.cma-tbl.three tr{margin:0 0 12px;border-radius:8px;overflow:hidden;box-shadow:0 1px 4px rgba(34,0,94,.15);background:#fff;}.cma-tbl.three td{display:block;width:100%!important;box-sizing:border-box;border:none!important;background:#fff!important;padding:8px 12px!important;}.cma-tbl.three td:first-child{background:#22005e!important;color:#fff!important;font-size:14px;padding:9px 12px!important;}.cma-tbl.three td:not(:first-child)::before{content:attr(data-label);display:block;font-size:11px;font-weight:700;color:#b08833;margin-bottom:2px;}.cma-tbl.three td:nth-child(2){border-bottom:1px dashed #e3def0!important;}}.amz-cta{border:2px solid #22005e;border-radius:10px;background:#f7f5fc;padding:16px 16px 12px;margin:1.8em 0;text-align:center;}.amz-cta p{margin:0 0 10px!important;}.amz-cta p:last-child{margin-bottom:0!important;}.amz-cta .amz-cta-lead{font-weight:700;color:#22005e;}.amz-cta .amz-cta-btn a{display:inline-block;max-width:100%;box-sizing:border-box;background:#b08833;color:#fff!important;text-decoration:none!important;font-weight:700;padding:14px 32px;border-radius:40px;box-shadow:0 3px 0 #8a6a25;font-size:1.05em;line-height:1.4;}.amz-cta .amz-cta-btn a:hover{opacity:.9;}.amz-cta .amz-cta-note{font-size:12px!important;color:#666;}.key{display:inline-block;min-width:1.6em;text-align:center;border:1px solid #9a93b3;border-bottom-width:3px;border-radius:5px;background:#fff;color:#22005e;font-weight:700;font-size:.85em;line-height:1.5;padding:0 6px;margin:1px 0;white-space:nowrap;font-family:inherit;}.yt-wrap{position:relative;width:100%;aspect-ratio:16\/9;margin:1em 0 1.6em;border-radius:8px;overflow:hidden;box-shadow:0 2px 8px rgba(0,0,0,.15);}.yt-wrap iframe{position:absolute;inset:0;width:100%!important;height:100%!important;max-height:none!important;border:0;}@media (max-width:640px){.amz-cta .amz-cta-btn a{display:block;padding:14px 12px;font-size:1em;}}.cma-tbl.nums thead th,.cma-tbl.nums td{text-align:center;}.cma-tbl.nums td:first-child{font-weight:700;color:#22005e;background:#faf8f2;white-space:nowrap;}.cma-tbl.nums td.num{text-align:right;}@media (max-width:640px){.cma-tbl.nums th,.cma-tbl.nums td{padding:8px 5px!important;font-size:12.5px;}.cma-tbl.nums thead th{white-space:nowrap;}}.cfa-cta{border:2px solid #22005e;border-radius:10px;background:linear-gradient(180deg,#f7f5fc 0%,#fff 100%);padding:18px 18px 14px;margin:2em 0;text-align:center;}.cfa-cta p{margin:0 0 10px!important;text-align:left;}.cfa-cta p:last-child{margin-bottom:0!important;}.cfa-cta .cfa-cta-lead{font-weight:700;color:#22005e;text-align:center;font-size:1.05em;}.cfa-cta .cfa-cta-btn{text-align:center;margin-top:14px!important;}.cfa-cta .cfa-cta-btn a{display:inline-block;max-width:100%;box-sizing:border-box;background:#22005e;color:#fff!important;text-decoration:none!important;font-weight:700;padding:14px 32px;border-radius:40px;box-shadow:0 3px 0 #b08833;font-size:1.05em;line-height:1.4;}.cfa-cta .cfa-cta-btn a:hover{opacity:.9;}@media (max-width:640px){.cfa-cta{padding:14px 12px 10px;}.cfa-cta .cfa-cta-btn a{display:block;padding:14px 12px;font-size:1em;}}.cma-sum{background:#f7f5fc;border-left:5px solid #b08833;border-radius:6px;padding:12px 14px;margin:0 0 1em;}.cma-sum p{margin:0!important;}.cma-formula{background:#fff;border:2px solid #22005e;border-radius:8px;padding:14px 16px;margin:1em 0 1.4em;text-align:center;font-weight:700;color:#22005e;font-size:1.1em;line-height:1.8;overflow-x:auto;}.cma-formula small{display:block;font-weight:400;font-size:.8em;color:#555;}.cma-exam{border:2px solid #b08833;border-radius:10px;background:#fffaf0;padding:14px 16px 6px;margin:1.2em 0;}.cma-exam .cma-exam-title{font-weight:700;color:#8a6a25;margin:0 0 8px!important;}.cma-exam ul{margin:0 0 8px;padding-left:1.2em;}.cma-exam li{margin-bottom:6px;}.cma-formula{word-break:keep-all;overflow-wrap:normal;}.cma-formula small{word-break:normal;}@media (max-width:640px){.cma-formula{font-size:.95em;padding:12px 10px;}}<\/style>\n<div class=\"cma-answer\">\n<p class=\"cma-answer-title\">\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/p>\n<ul>\n<li>FCFF\u30fbFCFE\u306f\u5229\u76ca\u3068\u540c\u3058\u3067\u306f\u306a\u304f\u3001<strong>\u8a2d\u5099\u6295\u8cc7\u30fb\u904b\u8ee2\u8cc7\u672c\u30fb\u975e\u8cc7\u91d1\u8cbb\u7528<\/strong>\u306b\u3088\u3063\u3066\u5229\u76ca\u3068\u305a\u308c\u307e\u3059\u3002<\/li>\n<li>\u501f\u5165\u308c\u306e\u5897\u6e1b\u306f<strong>FCFE\u3092\u5909\u3048\u307e\u3059\u304cFCFF\u306f\u5909\u3048\u307e\u305b\u3093<\/strong>\u3002\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u5897\u8cc7\u306f\u3001FCFE\u306e\u300c\u4f7f\u3044\u9053\u300d\u3084\u8cc7\u91d1\u306e\u51fa\u5165\u308a\u3067\u3042\u308a\u3001FCFE\u305d\u306e\u3082\u306e\u306f\u5909\u3048\u307e\u305b\u3093\u3002<\/li>\n<li>\u4e88\u6e2c\u3067\u306f\u3001\u58f2\u4e0a\u9ad8\u306a\u3069\u3092\u3082\u3068\u306b\u5404\u9805\u76ee\u3092\u898b\u7a4d\u3082\u308b\u65b9\u6cd5\u3084\u3001<strong>\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387<\/strong>\u3092\u4f7f\u3063\u3066FCFE\u3092\u6c42\u3081\u308b\u65b9\u6cd5\u304c\u4f7f\u308f\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u300c\u682a\u5f0f\u5206\u6790\u300d\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306e\u3072\u3068\u3064\u300cFCFF\u30fbFCFE\u3068\u5229\u76ca\u30fb\u8cc7\u672c\u653f\u7b56\u3001\u4e88\u6e2c\u300d\u306b\u3064\u3044\u3066\u3001\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<div class=\"cma-tbl kv\">\n<table>\n<tbody>\n<tr>\n<th>\u5206\u91ce<\/th>\n<td>2\u6b21 \u8a3c\u5238\u5206\u6790\u3068\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\uff0f\u682a\u5f0f\u5206\u6790<\/td>\n<\/tr>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<td>(4) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u6d3b\u7528<\/td>\n<\/tr>\n<tr>\n<th>\u5354\u4f1a\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<td>FCFF\u30fbFCFE\u3068\u4f01\u696d\u5229\u76ca\u3001\u8cc7\u672c\u653f\u7b56\u3068\u306e\u95a2\u4fc2\u3001FCFF\u30fbFCFE\u306e\u4e88\u6e2c\u65b9\u6cd5\u306b\u3064\u3044\u3066\u7406\u89e3\u3059\u308b\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>FCFF\u30fbFCFE\u3068\u8cc7\u672c\u653f\u7b56\u3068\u306f<\/h2>\n<p>FCFF\u30fbFCFE\u3092\u4f7f\u3063\u305f\u682a\u4fa1\u8a55\u4fa1\u3067\u306f\u3001\u300c\u5229\u76ca\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3069\u3046\u9055\u3046\u306e\u304b\u300d\u300c\u8ca1\u52d9\u306e\u65b9\u91dd\uff08\u8cc7\u672c\u653f\u7b56\uff09\u304c\u5909\u308f\u308b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3069\u3046\u5909\u308f\u308b\u306e\u304b\u300d\u300c\u5c06\u6765\u306e\u5024\u3092\u3069\u3046\u4e88\u6e2c\u3059\u308b\u306e\u304b\u300d\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002\u3053\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306f\u3001\u3053\u306e3\u70b9\u3092\u307e\u3068\u3081\u3066\u6271\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3>\u4f01\u696d\u5229\u76ca\u3068\u306e\u95a2\u4fc2<\/h3>\n<p>\u5f53\u671f\u7d14\u5229\u76ca\u306f\u4f1a\u8a08\u4e0a\u306e\u5132\u3051\u3067\u3042\u308a\u3001\u305d\u306e\u307e\u307e\u682a\u4e3b\u306b\u6255\u3048\u308b\u73fe\u91d1\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u3088\u3046\u306a\u73fe\u91d1\u652f\u51fa\u3092\u4f34\u308f\u306a\u3044\u8cbb\u7528\u306f\u8db3\u3057\u623b\u3057\u3001\u4e8b\u696d\u306e\u7dad\u6301\u30fb\u62e1\u5927\u306b\u5fc5\u8981\u306a\u8a2d\u5099\u6295\u8cc7\u3084\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0\u306f\u5dee\u3057\u5f15\u304d\u307e\u3059\u3002\u6210\u9577\u4f01\u696d\u3067\u306f\u8a2d\u5099\u6295\u8cc7\u3084\u904b\u8ee2\u8cc7\u672c\u304c\u81a8\u3089\u307f\u3084\u3059\u304f\u3001\u5229\u76ca\u304c\u5927\u304d\u304f\u3066\u3082FCFE\u304c\u30de\u30a4\u30ca\u30b9\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>\u8cc7\u672c\u653f\u7b56\u3068\u306e\u95a2\u4fc2<\/h3>\n<p><strong>\u501f\u5165\u308c<\/strong>\u3092\u5897\u3084\u3059\u3068\u3001\u305d\u306e\u5e74\u306eFCFE\u306f\u501f\u5165\u984d\u3060\u3051\u5897\u3048\u307e\u3059\u304c\u3001\u5c06\u6765\u306f\u5229\u606f\u3068\u8fd4\u6e08\u304c\u5fc5\u8981\u306b\u306a\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001FCFF\u306f\u8cc7\u91d1\u8abf\u9054\u306e\u65b9\u6cd5\u306b\u5de6\u53f3\u3055\u308c\u306a\u3044\u305f\u3081\u3001\u501f\u5165\u308c\u306e\u5897\u6e1b\u3067\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002<strong>\u914d\u5f53\u3084\u81ea\u793e\u682a\u8cb7\u3044<\/strong>\u306f\u3001\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308bFCFE\u3092\u5b9f\u969b\u306b\u682a\u4e3b\u3078\u6255\u3044\u51fa\u3059\u304b\u3069\u3046\u304b\u306e\u554f\u984c\u306a\u306e\u3067\u3001FCFE\u81ea\u4f53\u306f\u5909\u3048\u307e\u305b\u3093\u3002<strong>\u5897\u8cc7<\/strong>\u3082\u3001\u501f\u5165\u308c\u306e\u7d14\u5897\u984d\u3068\u306f\u7570\u306a\u308a\u3001FCFE\u306e\u8a08\u7b97\u306b\u306f\u901a\u5e38\u542b\u3081\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u9ad8\u3081\u308b\u3068FCFE\u306f\u5897\u3048\u3084\u3059\u3044\u4e00\u65b9\u3067\u3001\u682a\u4e3b\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308a\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3082\u4e0a\u304c\u308b\u70b9\u3092\u5fd8\u308c\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>\u4e88\u6e2c\u306e\u65b9\u6cd5<\/h3>\n<p>1\u3064\u306f\u3001\u57fa\u6e96\u5e74\u306eFCFF\u3084FCFE\u306b\u6210\u9577\u7387\u3092\u639b\u3051\u3066\u4f38\u3070\u3059\u7c21\u4fbf\u306a\u65b9\u6cd5\u3067\u3059\u3002\u3082\u30461\u3064\u306f\u3001\u58f2\u4e0a\u9ad8\u306e\u4e88\u6e2c\u3092\u8d77\u70b9\u306b\u3001\u5229\u76ca\u7387\u3001\u8a2d\u5099\u6295\u8cc7\u3068\u6e1b\u4fa1\u511f\u5374\u8cbb\u3001\u904b\u8ee2\u8cc7\u672c\uff08\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308b\u6bd4\u7387\u306a\u3069\uff09\u3092\u9805\u76ee\u3054\u3068\u306b\u898b\u7a4d\u3082\u308b\u65b9\u6cd5\u3067\u3059\u3002FCFE\u306e\u4e88\u6e2c\u3067\u306f\u3001\u501f\u5165\u308c\u306e\u7d14\u5897\u984d\u3092\u6bce\u5e74\u4e88\u6e2c\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u305f\u3081\u3001<strong>\u7d14\u6295\u8cc7\uff08\u8a2d\u5099\u6295\u8cc7\u2212\u6e1b\u4fa1\u511f\u5374\u8cbb\uff0b\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0\uff09\u306e\u3046\u3061\u4e00\u5b9a\u5272\u5408\u3092\u8ca0\u50b5\u3067\u8cc4\u3046<\/strong>\u3068\u3044\u3046\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387\u306e\u4eee\u5b9a\u304c\u3088\u304f\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h2>\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u516c\u5f0f<\/h2>\n<div class=\"cma-formula\">FCFE \uff1d \u5f53\u671f\u7d14\u5229\u76ca \u2212 (1 \u2212 DR) \u00d7 (\u8a2d\u5099\u6295\u8cc7 \u2212 \u6e1b\u4fa1\u511f\u5374\u8cbb) \u2212 (1 \u2212 DR) \u00d7 \u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0<small>\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387DR\u3067\u7d14\u6295\u8cc7\u306e\u4e00\u90e8\u3092\u501f\u5165\u308c\u3067\u8cc4\u3046\u5834\u5408<\/small><\/div>\n<div class=\"cma-formula\">\u501f\u5165\u308c\u306e\u7d14\u5897\u984d \uff1d DR \u00d7 (\u8a2d\u5099\u6295\u8cc7 \u2212 \u6e1b\u4fa1\u511f\u5374\u8cbb \uff0b \u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0)<\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u8a18\u53f7<\/th>\n<th>\u610f\u5473<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>DR<\/td>\n<td>\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387\uff08\u7d14\u6295\u8cc7\u306e\u3046\u3061\u8ca0\u50b5\u3067\u8cc4\u3046\u5272\u5408\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u8a2d\u5099\u6295\u8cc7 \u2212 \u6e1b\u4fa1\u511f\u5374\u8cbb<\/td>\n<td>\u7d14\u8a2d\u5099\u6295\u8cc7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<p>G\u793e\u306e\u6765\u671f\u4e88\u60f3\u306f\u3001\u5f53\u671f\u7d14\u5229\u76ca500\u3001\u8a2d\u5099\u6295\u8cc7350\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb200\u3001\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a050\u3067\u3059\u3002\u7d14\u6295\u8cc7\u306e40\uff05\u3092\u501f\u5165\u308c\u3067\u8cc4\u3046\u65b9\u91dd\u3067\u3059\uff08\u5358\u4f4d\uff1a\u767e\u4e07\u5186\uff09\u3002<\/p>\n<ol>\n<li>\u7d14\u6295\u8cc7\uff1a350 \u2212 200 \uff0b 50 \uff1d 200<\/li>\n<li>\u682a\u4e3b\u8cc7\u672c\u3067\u8cc4\u3046\u5206\uff1a(1 \u2212 0.4) \u00d7 200 \uff1d 120<\/li>\n<li>FCFE \uff1d 500 \u2212 120 \uff1d <strong>380<\/strong><\/li>\n<li>\u78ba\u8a8d\uff1a\u501f\u5165\u308c\u306e\u7d14\u5897\u984d \uff1d 0.4 \u00d7 200 \uff1d 80\u3001FCFE \uff1d 500 \uff0b 200 \u2212 350 \u2212 50 \uff0b 80 \uff1d 380\uff08\u4e00\u81f4\uff09<\/li>\n<\/ol>\n<p>\u540c\u3058\u4f01\u696d\u304c\u501f\u5165\u308c\u3092\u305b\u305a\uff08DR\uff1d0\uff09\u81ea\u5df1\u8cc7\u91d1\u3060\u3051\u3067\u6295\u8cc7\u3059\u308b\u3068\u3001FCFE \uff1d 500 \u2212 200 \uff1d 300\u3068\u306a\u308a80\u6e1b\u308a\u307e\u3059\u3002FCFF\u306f\u3069\u3061\u3089\u306e\u5834\u5408\u3082\u5909\u308f\u308a\u307e\u305b\u3093\u3002<\/p>\n<h2>\u52d5\u753b\u3067\u89e3\u8aac<\/h2>\n<p>\u3053\u306e\u8ad6\u70b9\u306f\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30a2\u30ab\u30c7\u30df\u30fc\u306eYouTube\u3067\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002\u30c6\u30ad\u30b9\u30c8\u3068\u3042\u308f\u305b\u3066\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\uff08\u52d5\u753b\u300cFCFF\/FCFE\u30fbDCF\u6cd5\u30fb\u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u3092\u7406\u89e3\u3059\u308b\u300d\uff09\u3002<\/p>\n<div class=\"yt-wrap\"><iframe src=\"https:\/\/www.youtube.com\/embed\/RDQUKsU3kw4\" title=\"FCFF\/FCFE\u30fbDCF\u6cd5\u30fb\u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u3092\u7406\u89e3\u3059\u308b\" loading=\"lazy\" allow=\"accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<div class=\"cma-exam\">\n<p class=\"cma-exam-title\">\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li>\u501f\u5165\u308c\u306e\u5897\u52a0\u306f<strong>FCFE\u3092\u5897\u3084\u3059\u304cFCFF\u306f\u4e0d\u5909<\/strong>\u3001\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u306fFCFE\u3092\u5909\u3048\u306a\u3044\u3001\u3068\u3044\u3046\u533a\u5225\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387\u3092\u4f7f\u3063\u305f<strong>FCFE\u306e\u4e88\u6e2c\u5f0f<\/strong>\u3068\u3001(1 \u2212 DR)\u3092\u639b\u3051\u308b\u5bfe\u8c61\uff08\u7d14\u6295\u8cc7\uff09\u3092\u6b63\u3057\u304f\u6271\u3048\u308b\u304b\u304c\u72d9\u308f\u308c\u307e\u3059\u3002<\/li>\n<li>\u5229\u76ca\u304c\u5927\u304d\u304f\u3066\u3082\u3001\u8a2d\u5099\u6295\u8cc7\u3084\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0\u3067<strong>FCFE\u304c\u5c0f\u3055\u304f\uff08\u30de\u30a4\u30ca\u30b9\u306b\uff09\u306a\u308b<\/strong>\u30b1\u30fc\u30b9\u306e\u7406\u7531\u3092\u8aac\u660e\u3055\u305b\u308b\u5f62\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/li>\n<li>\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u4e0a\u3052\u308b\u3068FCFE\u306f\u5897\u3048\u3066\u3082<strong>\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3082\u4e0a\u304c\u308b<\/strong>\u3068\u3044\u3046\u4e21\u9762\u3092\u3001\u8a18\u8ff0\u5f0f\u3067\u8aac\u660e\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>\u5229\u76ca\u3068FCF\u306e\u5dee\u306f\u975e\u8cc7\u91d1\u8cbb\u7528\u30fb\u8a2d\u5099\u6295\u8cc7\u30fb\u904b\u8ee2\u8cc7\u672c\u304b\u3089\u751f\u3058\u308b<\/li>\n<li>\u501f\u5165\u308c\u306e\u5897\u6e1b\u306fFCFE\u3092\u5909\u3048\u308b\u304cFCFF\u306f\u5909\u3048\u306a\u3044<\/li>\n<li>\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u306fFCFE\u306e\u4f7f\u3044\u9053\u3067\u3042\u308a\u3001FCFE\u81ea\u4f53\u306f\u5909\u3048\u306a\u3044<\/li>\n<li>FCFE\u306e\u4e88\u6e2c\u3067\u306f\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387\u306e\u4eee\u5b9a\u304c\u3088\u304f\u4f7f\u308f\u308c\u308b<\/li>\n<\/ul>\n<div class=\"cma-link-box\">\n<p class=\"cma-link-box-title\">\u25b6 \u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma2-equity\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u3011\u682a\u5f0f\u5206\u6790\u3067\u5b66\u3076\u5185\u5bb9\u306e\u4e00\u89a7\u306b\u623b\u308b<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-06\/\">FCFF\u3068FCFE<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-09\/\">DCF\u6cd5\u306e\u4f7f\u3044\u5206\u3051<\/a><\/p>\n<\/div>\n<p>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30a2\u30ab\u30c7\u30df\u30fc\u306eYouTube\uff08<a href=\"https:\/\/www.youtube.com\/@cma-fa-academy\" target=\"_blank\" rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u8ad6\u70b9\u30921\u3064\u305a\u3064\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/utage-system.com\/page\/98Nqc5o0yBvT\" target=\"_blank\" rel=\"noopener\">\u25b6 \u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30fc\u306b\u53c2\u52a0\u3059\u308b<\/a><\/p>\n<p style=\"font-size:0.85em;\">\u203b\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306f\u65e5\u672c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u5354\u4f1a\u300c\u30102026\u5e74\u5ea6\u3011CMA\u8cc7\u683c\u306e\u53d6\u5f97\u306b\u6c42\u3081\u3089\u308c\u308b\u4e3b\u8981\u5b66\u7fd2\u4e8b\u9805\u3068\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u300d\u3088\u308a\u5f15\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FCFF\u30fbFCFE\u3068\u4f01\u696d\u5229\u76ca\u306e\u9055\u3044\u3001\u501f\u5165\u308c\u3084\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u306a\u3069\u8cc7\u672c\u653f\u7b56\u304c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3001\u76ee\u6a19\u8ca0\u50b5\u6bd4\u7387\u3092\u4f7f\u3063\u305f\u4e88\u6e2c\u65b9\u6cd5\u3092\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u89e3\u8aac\u3002\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":10212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-10214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/comments?post=10214"}],"version-history":[{"count":6,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10214\/revisions"}],"predecessor-version":[{"id":12654,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10214\/revisions\/12654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media\/10212"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media?parent=10214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/categories?post=10214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/tags?post=10214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}