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CP
I found you mentioned the below on another post and want to confirm that you would use E0 instead of E1 for the PVGO calculation, question 8C on p.360 vl4. So you assume that there's no growth even though g=1-payout(ROE)? Why assume no growth and why the CFAI book is showing to use E1 on formula (12) p.325?
E0 vs. E1 is reprised on Q8(C) in the curriculum
> on the chapter as well.
>
> PVGO only applies to "no-growth" company. So use
> E0, even if E1 is given or g is provided and
> enables you to be able to calculate E1.
Thanks
Edited 1 time(s). Last edit at Tuesday, May 18, 2010 at 10:32PM by adee1031. |
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发表于 2011-7-11 20:04
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