X hits on this document

40 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 views40
Page views48
Page last viewedWed Dec 07 16:23:39 UTC 2016
Pages12
Paragraphs108
Words650

Comments