This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof.

Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.
This document is an authorized copy for the course MBA 2024 - MBA 2024 - Personal Finance 1 - TF taught by prof. Estrada, Javier at IESE B.S.

This work is protected by copyright and its reproduction and public communication, under the making available modality, have been made with the authorization of CEDRO. Its subsequent
reproduction, distribution, transformation and public communication in any medium and in any form are forbidden, with the exception of a single printer-made reproduction per each authorized user.