问题如下:
1. What is the terminal value of the stock based on the first approach?
选项:
A.C$17.65.
B.C$31.06.
C.C$33.09.
解释:
B is correct.
The following table provides the calculations needed to compute the value of the stock using the first approach, including the calculations for the terminal value V8. As the table shows, the terminal value V8= C$31.0550.
所以terminal value就是不用折现到0时刻的V8的值吗?不是很清楚Teminal value的定义