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标题: Reading 41: Free Cash Flow Valuation-LOS l 习题精选 [打印本页]
作者: 土豆妮 时间: 2010-4-19 14:25 标题: [2010]Session 12-Reading 41: Free Cash Flow Valuation-LOS l 习题精选
Session 12: Equity Investments: Valuation Models
Reading 41: Free Cash Flow Valuation
LOS l: Explain how sensitivity analysis can be used in FCFF and FCFE valuations.
A firm has:
- Free cash flow to equity = $4.0 million.
- Cost of equity = 12%.
- Long-term expected growth rate = 5%.
- Value of equity per share = $57.14 per share.
What will happen to the value of the firm if free cash flow to equity decreases to $3.2 million?> >
A) |
There is insufficient information to tell. | |
B) |
The value will decrease. | |
C) |
The value will increase. | |
Everything else being constant, a decrease in free cash flow to equity should decrease the value of the firm.
作者: 土豆妮 时间: 2010-4-19 14:25
A firm has:
- Free cash flow to the firm = $4.0 million.
- Weighted average cost of capital = 10%.
- Total debt = $30.0 million.
- Long-term expected growth rate = 5%.
- Value of the firm = $50.00 per share.
What will happen to the value of the firm if the weighted average cost of capital increases to 12%?> >
A) |
The value will decrease. | |
B) |
The value will remain the same. | |
C) |
The value will increase. | |
Everything else being constant, an increase in the relevant required rate of return should decrease the value of the firm.
作者: 土豆妮 时间: 2010-4-19 14:26
A firm has:
- Free cash flow to equity = $4.0 million.
- Cost of equity = 12%.
- Long-term expected growth rate = 5%.
- Value of equity per share = $57.14 per share.
What will happen to the value of equity if the cost of equity decreases to 10%?> >
A) |
The value will increase. | |
B) |
There is insufficient information to tell. | |
C) |
The value will decrease. | |
Everything else being constant, a decrease in the relevant required rate of return should increase the value of the equity per share.
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