- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Valuation
- Learning Module 25. Private Company Valuation
- Subject 5. Income Approach Methods of Private Company Valuation
CFA Practice Question
According to the textbook, ______ method is a theoretically preferred method to estimate the terminal value of a private company at the end of the initial projection period.
B. capitalized cash flow.
C. excess earnings.
A. free cash flow.
B. capitalized cash flow.
C. excess earnings.
Correct Answer: B
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