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标题: Reading 33: Equity Valuation: Applications and Processes-LOS [打印本页]

作者: 土豆妮 时间: 2010-4-15 16:14 标题: [2010]Session 10-Reading 33: Equity Valuation: Applications and Processes-LOS

Session 10: Equity Valuation: Valuation Concepts
Reading 33: Equity Valuation: Applications and Processes

LOS f: Illustrate the broad criteria for choosing an appropriate approach for valuing a given company.

An ownership perspective can be important for an analyst determining the value of a share position. A block of shares that is large enough to direct the future actions of the firm should receive a:

A)
a discount for size.

B)
premium for control.

C)
premium for block-size.

A share position that is large enough to direct the future actions of a firm should receive a premium for control.

作者: 土豆妮 时间: 2010-4-15 16:15

An ownership perspective can be important for an analyst determining the value of a share position. A discount for lack of marketability would most likely be assigned to a position of shares in which of the following?

A)
A non-publicly traded firm.

B)
A very large publicly traded firm.

C)
A bankrupt firm.

A share position in a non-publicly traded firm would be assigned a discount because it may require a lengthy search to locate willing and able buyers, and they may be only willing to purchase it at a discount.

作者: 土豆妮 时间: 2010-4-15 16:15

An ownership perspective can be important for an analyst determining the value of a share position. A block of shares that is very large in relation to the daily trading volume should receive a:

A)
premium for block-size.

B)
discount for lack of liquidity.

C)
a brokerage discount for volume.

A share position that is very large in relation to the daily trading volume of the shares should be subject to a discount for lack of liquidity as it may take additional time to liquidate the position.

作者: suodi 时间: 2010-5-17 10:29

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