1個回答
Nicholas助教
2020-02-24 18:35
該回答已被題主采納
同學你好。
題目問到：B建議的衰減因子將會導致估值更高、低、還是不變
原本的情況是The terminal value is based on an assumption that residual income per share will be constant from Year 3 into perpetuity.保持不變
B的建議是Beckworth questions Castovan’s assumption regarding the implied persistence factor used in the multistage RI valuation. She tells Castovan that she believes that a persistence factor of 0.10 is appropriate for TTCI.建議用0.1衰減因子
如果加入衰減因子，將導致在進入第二階段，RI逐漸下降，整個估值減小。
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