Практические примеры оценки стоимости технологий. Питер Ф. Боер
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СКАЧАТЬ таблице 5.2. и 6.1 автор почему-то изменил порядок нумерации методов расчета продленной стоимости и называет метод расчета по коэффициенту Р/Е методом № 4, а следующий (по EBITDA) – методом № 3.

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      Другими словами, соотношение цены исполнения опциона и рыночной цены базовых активов делает исполнение опциона невыгодным.

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