NO.PZ2015122802000157
问题如下：
An analyst is attempting to calculate the intrinsic value of a company and has gathered the following company data: EBITDA, total market value, and market value of cash and short-term investments, liabilities, and preferred shares. The analyst is least likely to use:
选项：
A.a multiplier model.
B.a discounted cash flow model.
C.an asset-based valuation model.
解释：
B is correct.
To use a discounted cash flow model, the analyst will require FCFE or dividend data. In addition, the analyst will need data to calculate an appropriate discount rate.
考点：Asset-based Valuation
这道题问的是根据题目条件，最不可能用哪个模型估值。因为要用折现模型那么就需要有红利或自由现金流以及折现率，但是题目都没给，所以不能用折现模型。
C选项根据讲义asset-based一般使用情况为非上市公司或公司破产，题目中提及的分析师是公司上市了才能收集的资料，所以是不是C也应该选呢
