Terminal Value ??(20點)
it is the lump sum of cash flows at the end of a stream of cash flows, which represent:•The proceeds from exiting an investment;•The present value of all cash flows beyond the forecast horizon •
Terminal values are important because:•They are present in the valuation of almost every asset•They measure the “continuing value” derived from the going concern of the business.
- 9 年前最佳解答