NO.PZ2015122802000179
问题如下:
The market value of equity for a company can be calculated as enterprise value:
选项:
A.minus market value of debt, preferred stock, and short-term investments.
B.plus market value of debt and preferred stock minus short-term investments.
C.minus market value of debt and preferred stock plus short-term investments.
解释:
C is correct.
Enterprise value is calculated as the market value of equity plus the market value of debt and preferred stock minus short-term investments. Therefore, the market value of equity is enterprise value minus the market value of debt and preferred stock plus short-term investments.
考点:Price Multiple Approach
这道题就是直接考察公式,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
但是这道题问的是market value of equity,所以这个公式需要调整一下:market value of equity=EV-market value of preferred equity - market value of debt+cash and short-term investments
如题这两个表述含义一样吗?