老师您好，在咱们二级EQUITY基础班中的讲义里关于RESIDUAL INCOME的定义很清楚。 Residual income :is net income less a charge for common stock holder's opportunity cost of capital RI=net income-equity capital *cost of equity
可是在官网的中的一道TOPIC TEST中(mendosa case),它的SOLUTION 却说：
The residual income (RI) model, also called the “excess earnings method,” does not have the same weakness as the FCFE approach because residual income is an estimate of the profit of the company after deducting the cost of all capital: debt and equity.
为什么它说里面也有DEBT的COST OF CAPITAL?这不是和咱们讲的完全冲突了吗