老师请问,Repurchase在Free Cash Flow Model中说回购/发红利/发新股不会对FCFE产生影响,但是会对Common Stock有影响?
(Equity经典题Reading 26 Industry and Company Analysis 5 Balance Sheet Modeling 5.3 Palmeiro说的话"ROE is the most common measure of shareholder return, although Darwin's share repurchase program will affect the relevance of the ratio").