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KeynesYang · 2020年01月17日

问一道题:NO.PZ201612170100000205

* 问题详情,请 查看题干

问题如下:

5.Regarding the choice of forecast horizon for a discounted cash flow model, which of the following statements is least accurate? The forecast horizon:

选项:

A.

for a highly cyclical company should be long enough to allow the company to reach a mid-cycle level of sales and profitability.

B.

should be independent of the investment strategy for which the stock is being considered.

C.

should be long enough to allow the full benefits from an acquisition to be reflected in the financial statements.

解释:

5.B The forecast horizon should be influenced by the investment strategy for which the stock is being considered.

这题虽然选对了,但是对考察的知识点还是很模糊,特别是A选项。

1 个答案

maggie_品职助教 · 2020年01月18日

嗨,从没放弃的小努力你好:


关于预测期长度的确定,咱们上课讲过的哈,请看讲义444页及相关视频:

A:如果一个行业是波动性较高的周期性行业,如果我们对他进行估值,我们的预测期就要设定足够的时长才能覆盖住该公司在整个经济周期下的波动情况。


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