标题: [CFA Level 2] CFA 2级risidual income valuation问题 [打印本页]

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作者: cefs07gil    时间: 2013-2-9 01:59     标题: CFA 2级risidual income valuation问题

请问为什么Risidual income valuation要用NI来比较而不是用FCFE来减去equity*required return on equity呢？ 求大神解答

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作者: zzccvvv    时间: 2013-5-15 15:31

因为RI model的基础是book value of equity, 而book value的变化是基于NI来记录的，而不是FCFE。

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作者: Yeleo士杨    时间: 2013-5-16 03:34

FCFE里面包含了net borrowing，这个是不是当年的Operating income, 所以应该用NI

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作者: cpaking23    时间: 2013-5-22 03:41

Don't confuse income statement item with Cash flow item, they are correlated but absolutely different point of view. Also, why challenging an existing formula by the authority?

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