这个17billion算是discount ？ 还是premium ？

问题如下：

Stratton Oil Corporation is a publicly traded, US-based energy company that just announced its acquisition of Midwest Oil Corporation, a smaller US-based energy company. Stratton’s current trading enterprise value just prior to the announcement was USD170 billion.

Lee conducted a sum-of-the-parts valuation of Stratton’s three segments and calculated an estimated enterprise value of USD187 billion just prior to the announcement.

Stratton’s estimated conglomerate discount just prior to the announcement is:

选项：

A.

–USD17 billion.

B.

USD0.

C.

USD17 billion.

解释：

C is correct. The estimated conglomerate discount just prior to the announcement is calculated as follows: Total estimated enterprise value from sum-of-the-parts valuation – Current trading enterprise value = USD187 billion – USD170 billion = USD17 billion.

A is incorrect because it incorrectly subtracts the estimated enterprise value from the current trading enterprise value.

B is incorrect because the estimated and current trading enterprise values are not equal.