紫同學(xué)
2018-04-13 22:3629. Which of the following statements regarding the calculation of the enterprise value multiple is most likely correct? A. Operating income may be used instead of EBITDA. B. EBITDA may not be used if company earnings are negative. C. Book value of debt may be used instead of market value of debt. A is correct. Operating income may be used in place of EBITDA when calculating the enterprise value multiple. EBITDA may be used when company earnings are negative because EBITDA is usually positive. The book value of debt cannot be used in place of market value of debt. 老師，問(wèn)一下，這道課后題答案說(shuō)：The book value of debt cannot be used in place of market value of debt. 也就是說(shuō)MVd不能用BVd來(lái)代替，然而，紀(jì)老師和***老師講課時(shí)，都說(shuō)可以的，而且金程課件也寫(xiě)了可以用BVd來(lái)代替。到底是能不能被BVd來(lái)代替??？
所屬：CFA Level I 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
大鬼班主任
2018-04-16 14:17
該回答已被題主采納
同學(xué)你好，這題就很有意思了，原版書(shū)上是這么些的："the book value is a poor estimate of market value of debt"
那么問(wèn)題來(lái)了，book value可不可以用來(lái)estimate MVD呢？可以是可以，但是是一個(gè)poor estimate。
所以做題的時(shí)候，眼睛放亮一點(diǎn)。如果其他選項(xiàng)有更好的你就選更好的，實(shí)在沒(méi)有了才選它。
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追問(wèn)
然而，我們金程的課件并沒(méi)有說(shuō)出必須用 poor estimate of market value of debt來(lái)代替。這種小知識(shí)點(diǎn)的細(xì)節(jié)差異，是NOTES BOOK和培訓(xùn)機(jī)構(gòu)不能完全代替原版書(shū)的原因吧。
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追答
這種時(shí)候我就出來(lái)告訴你了呀
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