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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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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