13. Suppose the horizon date is set at a time when the firm will run out of...

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13. 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 /EPS ratio when PVGO 0?)

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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