Well, my congratulations. We've reached the very final episode of this course and the whole specialization. And this is the time to come up with a short summary and to discuss what you are to do next, and how you'll be able to use what you've been fighting with and what you've been accumulating throughout this course. Well, first of all, it's been really a long road, but we've tried to identify value as a key idea and concept of modern finance. Well, there are some challenges on this path. For example, right now, people say, "Well, value is immaterial." You can see a lot of companies whose market prices for the stock are so huge, and they say that they never produced enough cash flow. But again, this is a story that maybe value is not being produced by cash flows only, so that is not a challenge. That just attests to the fact that it's always kind of difficult to pinpoint what exactly value means for this or that group of stakeholders. We've seen quite a few stages and that specialization has been multidisciplinary. We looked at value at different angles. And we've seen many examples. And I do hope that we've learned quite a few lessons. So, that's been quite a journey. And now, this is sort of a wrap-up of what we've done. So, we started with capital markets and we've seen the big picture. The role of financial institutions and also we've seen some financial instruments. That was quite interesting and covering some pretty advanced issues. But the result was sort of the understanding of the field in which we operate. Then we moved to corporate finance that deals mostly with models, models of value, models of risk and return, and models of these option-like and derivative things. And we said that, here we see that we made a huge leap frog, but at the same time we have recognized the potential gap between models and reality. And then we moved to accounting both financial, managerial, to see that these gaps may be bridged. And then in the open and sometimes quantifiable way, we talked about numbers and people. So, how the combination of these two contributes to the potential value creation. And we saw that it's not enough to say that people do contribute. We've tried to develop certain approaches that can be either quantified or at least put within the overall approach to value. And all that we sort of used in our analysis of M and A as value creating strategies and stakeholders interests'. So, we used this field not only as a peak of corporate strategy, but also as a very nice area where we could apply all the knowledge that we have accumulated. And now comes the final message here. Again, this specialization is entitled, "Understanding More Than Finance." So, our advancement was in this understanding. Although sometimes the actual things that we did look, the very much well-known, but we tried to go deeper and reveal the core issues and the links between them. And that is what makes this specialization somewhat advanced, and that is why we position it that way. And here comes the time for the very final piece of the flip chart. We are not yet done. You guys are still to complete the project. And again, this project, there you will be able to practically apply what you've learned throughout this course, everything, use what you've studied. It will be comprehensive. But I will provide specific guidelines for you also in the form of handouts and some video pieces, that is also part of this specialization. Well, now it's time for me to thank you all, first of all, for your time, efforts, and also for your patience. Because it's been a long road and it did require accommodation to what I'm doing here, sometimes you might easily dislike that. But those who have reached this point, they traveled this road together with me. I do appreciate your company on this path, and I do appreciate your contribution. I wish you all good luck in whatever you do in your career and life. And I do hope that the accumulated knowledge of capital markets and this deep understanding of how they interact will assist you in your efforts. Thank you. Goodbye. And good luck.
