NO.PZ201512300100000103
问题如下:
3. With respect to Statement 4, which measure of value is most relevant for the analyst of the fund described?
选项:
A.Liquidation value
B.Investment value
C.Going-concern value
解释:
C is correct.
For its core equity fund, Guardian Capital screens its investable universe of securities for well-capitalized companies that areexpected to generate significant future free cash flow from core business operations. The concern with future free cash flows implies that going-concernvalue is relevant.
为什么这道题不选择Investment value呢?