NO.PZ2023123001000022
问题如下:
Ulrich Schwalke has been recently hired as an analyst at a private equity firm. Schwalke completed many private company valuations for entire businesses. As a result, certain methods of calculating terminal values seemed to be more useful for his work than other methods. Which terminal value estimation method is least useful for Schwalke?
选项:
A.
CCM
B.
EEM
C.
Market
multiple method
解释:
B is Correct. Because Schwalke’s work involves valuing entire businesses, the EEM is likely to be the least useful due to its reliance on multiple discount rates. The EEM is more commonly used to value a company’s intangible assets, while the CCF and market multiple methods are more useful in valuing entire businesses.
感觉之前给的答案在强行解释
他发现有些对公司终值的计算方法更有用和EEM只计算无形资产价值的联系是什么?因为EEM不能计算terminal value?但是乘数法也不能计算terminal value啊