EP in corp. finance vs RI in equity
Econ. profit=NOPAT-$WACC; discounted at WACC
One approach to calculate residual income in equity (p583):
RI=NOPAT-captial charge (debt charge +equity charge); discounted at required rate of return on equity investment.
It looks the same concept to me, but why discounted at different rates? |
发表于 2011-7-13 15:06
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