dejiazheng · 2025年06月29日

using a single-stage FCFF model

1. CFA II
2. Equity

* 问题详情，请 查看题干

NO.PZ202504180100010703

问题如下：

The discount rate Porto should use to value Vela is closest to:

选项：

A.A.7.6%. B.B.9.6%. C.C.10.0%.

解释：

• explain the appropriate adjustments to net income, earnings before interest and taxes (EBIT), earnings before interest, taxes, depreciation, and amortization (EBITDA), and cash flow from operations (CFO) to calculate FCFF and FCFE

FCFF用WACC折现，为什么不应该是选WCC的7.6%折现？