NO.PZ2023032701000003
问题如下：
With respect to the following Statement, which measure of value is most relevant for the analyst of the fund described?
“For its core equity fund, Guardian Capital selects financially sound companies that are expected to generate significant positive free cash flow from core business operations within a multiyear forecast horizon.”
选项：
A. Liquidation value
Investment value
Going-concern value
解释：
For its core equity fund, Guardian Capital screens its investable universe of securities for well-capitalized companies that are expected to generate significant future free cash flow from core business operations. The concern with future free cash flows implies that going-concern value is relevant.
Investment value 如何理解？谢谢！
