答案和详解如下： 1.Which of the following factors is a source of differences in cross-border valuation comparisons? A) Intra-country market indicators. B) Comparative advantage. C) Gross domestic product (GDP) deflator. D) Accounting methods. The correct answer was D) Different accounting conventions make cross-border comparisons for valuation purposes challenging. 2.Which of the following price multiples is most severely damaged by international accounting differences? A) Price to cash flow from operations (P/CFO). B) Enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA). C) Price to free cash flow to equity (P/FCFE). D) Dividend yield (D/P). The correct answer was B) EV/EBITDA is the most seriously affect because it is most closely tied to accounting conventions. 3.Which of the following factors is NOT a source of differences in cross-border valuation comparisons? A) Accounting methods. B) Cultures. C) Growth opportunities. D) Intra-country market indicators. The correct answer was D) Intra-country market indicators are not, by definition, cross-border. | 
发表于 2008-5-20 18:32
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