Equity Valuation【 Reading 33】Sample
Which of the following models is credited to the work of John Burr Williams? A)
| Cash flow return on investment (CFROI). |
| B)
| Dividend discount model (DDM). |
| C)
| Free cash flow to equity (FCFE). |
|
John Burr Williams published The Theory of Investment Value in 1938, setting forth the theory that a value of a stock could be determined by discounting the value of future dividends. |