25. Horizon value (S4.6) Suppose the horizon date is set at a time when the firm will...

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25. Horizon value (S4.6) Suppose the horizon date is set at a time when the firm will run out of positive-NPV investment opportunities. How would you calculate the horizon value? (Hint:

What is the P/E ratio when PVGO = 0?)

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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