NO.PZ201512300100000901
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.
算出的31.06是在八年后的value,为什么不需要折现到0时刻