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- UID
- 217999
- 帖子
- 298
- 主题
- 148
- 注册时间
- 2011-5-25
- 最后登录
- 2012-9-12
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| Issuing of shares does not impact neither FCFF nor FCFE, that's what they say in the book. However, if you look at problem 6, page 435 of Equity, they say because FCinv and WCinv are financed 20% by debt, the are financed 80% by equity...then they go on to adjust FCFE by 80%. I don't get it. If issuing stock does not factor into FCFE, why include that in the calculation? |
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发表于 2011-7-13 13:29
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