标题: Reading 43: Residual Income Valuation-LOS h 习题精选 [打印本页]
作者: 土豆妮 时间: 2010-4-20 11:05 标题: [2010]Session 12-Reading 43: Residual Income Valuation-LOS h 习题精选
Session 12: Equity Investments: Valuation Models
Reading 43: Residual Income Valuation
LOS h: Explain continuing residual income and the common assumptions regarding continuing residual income.
Continuing residual income is defined as the:
|
A) |
permanent as opposed to the transitory part of residual income. | |
|
B) |
residual income that is expected beyond the initial forecast time horizon. | |
|
C) |
residual income that forces the net present value to zero. | |
Continuing residual income is defined as the residual income that is expected beyond the initial forecast time horizon. It comes into play when RI is forecast for a defined time horizon and a terminal value based on continuing RI is estimated at the end of that time frame.
作者: 土豆妮 时间: 2010-4-20 11:05
A common assumption regarding continuing residual income (RI) is that RI:
|
A) |
declines to zero as return on equity (ROE) drops to the cost of equity over time. | |
|
B) |
falls to the average industry level. | |
|
C) |
manifests a generally increasing trend indefinitely. | |
It is common to assume that RI declines to zero as ROE drops to the cost of equity over time. Other assumptions analysts may make include RI continues indefinitely at a positive level or RI reflects a decline in ROE to a long-run average level.
| 欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) |
Powered by Discuz! 7.2 |