Question
4. Why is the market value of currently issued debt subtracted from the enterprise value (in a debtand-equity-only firm) to arrive at the value of
4. Why is the market value of currently issued debt subtracted from the enterprise value (in a debtand-equity-only firm) to arrive at the value of equity? Why are future debt issues ignored in this subtraction?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
