问题如下:
6. Which of the following would be Yip’s most appropriate response to Robinson’s third observation?
选项:
A. The market value added is not equal to the present value of EP, although the market value of equity is equal to 122,027.
B. The market value added is equal to the present value of EP, which in this case is 44,055.
C. The market value added is not equal to the present value of EP, and market value added is equal to 44,055.
解释:
Market value added is equal to the present value of EP. Its value, however, is not equal to the book value of equity. The calculation of MVA is shown below:
MVA=44,054.55, which can be calculated by discounting the expected EP.
老师,您好。MVA就是EVA(EP)的折现求和,EVA公式第一项就是EBIT(1-T),本题为什么要加上税后残值,这不是与公式不一致了吗?谢谢您。