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- 2016-4-18
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Hi everyone,
On pg. 285 of schweser bk 3 they talk about calculating PV of conitinuing RI in Year T - 1 using forecasts of P/B and book value.
What I don’t get is the following formula,
PV of cont. RI in year T-1 = [( Pt - Bt) + RIt] / (1 + r)
I don’t get why they add RIt to the numerator.
Sorry if my notation doesn’t really make sense, |
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发表于 2013-4-5 23:57
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