问题如下:
Jack,an analyst of a PE, is calculating the intrinic value of stock who bases the computation on dividend-paying capability instead of potential dividends will use:
选项:
A.cash flow from operations model.
B.FCFE model.
C.dividend discount model.
解释:
B is correct.
The free cash flow to equity model assumes that dividend-paying capability is shown in free cash flow to equity.
答案里说dividend-paying capability is shown in free cash flow to equity,为什么不是体现在整个free cash flow里呢?为什么不是体现在free cash flow to firm里?