NO.PZ2023032701000091
问题如下：
Smirnoff suggests that Rivera should adjust BTP's multiples to reflect a 25% discount for additional risks because of its small size and thin trading. Rivera agrees with Smirnoff and collects the data needed, which is shown in Exhibit 2.
Using the data in Exhibit 2 and the adjustment suggested by Smirnoff, BTP's EV/EBITDA multiple is closest to:
选项：
A.2.02
B.2.31
C.3.36
解释：
老师好，
我明白EV里不应该有CASH的项目，但是CASH 并没有被包含在Market Value of Equity以及long-term debt中，所以计算EV的时候不应该是Market Value of Equity以及long-term deb直接相加么？为什么要单独再减去CASH？
谢谢。
