二同學(xué)
2024-07-02 12:50Q4:
As an alternative to expensing stock-based compensation in free cash flow in the discounted cash flow valuation model,B reducing operating expenses because the company could compensate its employees in cash rather than shares.C increasing net cash because share-based compensation expense is a no
所屬:CFA Level II > Financial Statement Analysis 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個(gè)回答
Simon助教
2024-07-10 13:41
該回答已被題主采納
同學(xué),上午好。
本題的意思問如果在FCFF模型對(duì)公司進(jìn)行估值的時(shí)候,要考慮未來的股權(quán)激勵(lì)帶來的股東稀釋的影響,具體做法即直接在現(xiàn)有的股票數(shù)上增加一個(gè)額外的數(shù)量來估計(jì)未來發(fā)行股權(quán)激勵(lì)帶來的股票增加導(dǎo)致的股權(quán)稀釋,選A。
