NO.PZ2018103102000052
问题如下：
Jacques is preparing the valuation for PZ Inc.. Given that PZ has a history of leverage changes in the past, Jacques believe a FCFF model to value PZ’s common stock is more appropriate than using a FCFE model. Is he correct on choosing the model?
选项：
A.Yes
B.No, because a FCFF model is used only to value the total firm.
C.No, because FCFE represents a more direct approach to free cash flow valuation.
解释：
A is correct.
考点：FCFE&FCFF
解析：A是正确的。当资本结构预期发生变化时，通常会选择FCFF模型，因为在财务杠杆变化的情况下，FCFF可能比FCFE更容易估计。
如题
