为什么这道题不选择Investment value呢？

问题如下：

3. With respect to Statement 4, which measure of value is most relevant for the analyst of the fund described?

选项：

Liquidation value

Investment value

Going-concern value

解释：

C is correct.

For its core equity fund, Guardian Capital screens its investable universe of securities for well-capitalized companies that areexpected to generate significant future free cash flow from core business operations. The concern with future free cash flows implies that going-concernvalue is relevant.