CFA L2 关于International CAPM和Extended CAPM的问题
1、“International CAPM假设投资者均从名义收益率考虑,Extended CAPM假设投资者均从实际收益率考虑” 对吗?
2、Alternative的LBO中:
cash flow available for debt repayment=NI+Dep.+Amort.-WC-FC-Reinvested Dep.
Fixed Income 的Credit Analysis中:
Discretionary cash flow=CFO-FC-Cash Div.
问题:A、请解释一下Reinvested Dep.
B、FC是减去Dep的净额吗?
C、这两个概念应该很类似,为什么有Cash Div.和Reinvested Dep.差别? |