Question
a number of students selected a money losing negative cash-flow Pharmaceutical Bio-Tech firms. If we use the traditional DCF model the value of the firm
a number of students selected a money losing negative cash-flow Pharmaceutical Bio-Tech firms. If we use the traditional DCF model the value of the firm will be negative,yet all have positive market values. How do you explain the positive valuation of these type of firms? How would you value these firms?
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Entrepreneurial Finance And Accounting For High-Tech Companies
Authors: Frank J Fabozzi
1st Edition
0262336901, 9780262336901
