Under the competitive equilibrium assumption, the terminal value in the discounted cash flow model is the present

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Under the competitive equilibrium assumption, the terminal value in the discounted cash flow model is the present value of the end-of-year book value of equity in the terminal year. Explain.

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Business Analysis And Valuation

ISBN: 978-1473758421

5th Edition

Authors: Erik Peek, Paul Healy, Krishna Palepu

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