NO.PZ202401310100000501
问题如下：
Your colleague’s discounted cash flow model expenses service cost and net interest expense in free cash flow and deducts the company’s net pension liability from enterprise value to arrive at an estimate of equity value. You most likely recommend that your colleague:
选项：
A.make no changes.
remove service cost from free cash flow because it is a non-cash expense.
remove net interest expense from free cash flow because the net pension, at present value, is already deducted from enterprise value.
解释：
C is correct. Net interest expense for a DB plan represents the unwinding of
the discount with the passage of time. The discounted cash flow model values a
company at the present time. Service cost is correctly expensed in the model as
it represents increases in the pension obligation unrelated to the time value of
money.
请问这是哪个知识点。我不太理解题目的意思
