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Question on Residual income topic
Schweser notes (Equity Investments) - Question 15 of Residial Income valuation.
In calculating the PV of continuing residual income, they leave out residual income R(t) which is 6.25 for 2010. I think this is an error.
the formula is (Pt -Bt) + Rt/1+r , but they just discount (Pt - Bt) to get the PV of continuing residual income.
Any one can take a shot at this? |
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发表于 2013-4-17 19:52
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