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- UID
- 223439
- 帖子
- 318
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- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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I'm disagreeing with using earnings one period ahead. You are looking to separate no growth value from the value of the company's growth opportunities.
Therefore, value of no growth plus value of growth opps equals present value of the firm. Or:
e sub 0/ req rate plus pvgo |
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发表于 2011-7-13 15:45
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