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KelvinChen · 2018年01月01日

问一道题：NO.PZ201612170200000304 第4小题 [ CFA II ]

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

问题如下图：

    

选项：

A.

B.

C.

解释：


这一题current liability不需要加进去么？它不包括short term debt?或者说，market value of debt 只包括 LT?


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maggie_品职助教 · 2018年01月01日

  • EV=Market value of common stock + market value of preferred equity + market value of debt （公司对外债务的市值）– cash and short term investment

这里需要区分的是

debt

和

liability

这两个概念，公司对外的债务

debt

分为长期和长期中需要短期偿还两部分，题目里只给了

current liability

并没有做具体划分（

current liability

包括各种应付科目都不是公司的

debt

），因此这道题在计算

EV

时只考虑了长期

debt

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