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Dang.D · 2021年08月28日

为啥不选C

NO.PZ2015122802000182

问题如下:

Enterprise value is most often determined as market capitalization of common equity and preferred stock minus the value of cash equivalents plus the:

选项:

A.

book value of debt.

B.

market value of debt.

C.

market value of long-term debt.

解释:

B is correct.

The market value of debt must be calculated and taken out of the enterprise value. Enterprise value, sometimes known as the cost of a takeover, is the cost of the purchase of the company, which would include the assumption of the company’s debts at market value.

考点:Asset-based Valuation

这道题就是直接考察企业价值公式,EV的公式就等于:

EV = market value of common stock + market value of preferred equity + market value of debt– cash and short-term investments

请问不选C是因为说法不全面么,不止long term debt ,还有short term debt?

1 个答案

王园圆_品职助教 · 2021年08月28日

嗨,努力学习的PZer你好:


同学你好,是的哦~debt不仅包括长期,短期也要考虑哦~我们可以从资产负债表的左右必须相等来记住EV的公式。asset = liability + equity。EV相当于asset,那资产负债表的右边(也就是liability 和 equity)就都要考虑进去,而liability是包含长期和短期负债两个子项的哦~~

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虽然现在很辛苦,但努力过的感觉真的很好,加油!