Reading 31 - Example #7 Page number 38
Is there any logic of applying the discounts for Minority interest and marketability in the order given? The book doesnt explain why they reduced the 50 m$ by 20% first and then reduced by 25% next.
The answer could be different if we apply the discounting the other way round.. Of course I am going to remember it is that way, but would like to know the logic if possible.
Thanks friends. |