X hits on this document

53 views

0 shares

0 downloads

0 comments

2 / 12

Common Stock Valuation is Difficult

Uncertain cash flows

Equity is the residual claim on the firm’s cash flows

Life of the firm is forever

Rate of return (the appropriate discount rate) is not easily observed

Document info
Document views53
Page views61
Page last viewedMon Jan 23 13:16:13 UTC 2017
Pages12
Paragraphs108
Words650

Comments