NO.PZ202504180100011303
问题如下：
Based on the information given, the terminal price multiple calculated by Thomas is closest to:选项：
A.A.$36. B.B.$45. C.C.$50.解释：
- calculate and explain the use of price multiples in determining terminal value in a multistage discounted cash flow (DCF) model
本题计算过程详解，为何不是用g=roe*（1-div payout）=11%
NI*div payout*（1+g）/(r-g)