How to Value a Seasonal Company Discounting Cash Flows
نویسندگان
چکیده
منابع مشابه
Discounting a mean reverting cash flow
Cash flows are often modeled using the random geometric growth model (geometric Brownian motion). One of the reasons for using this model is that it is simple to implement and it is a reasonable approximation to random growth cash flows such as stock prices. For this model the volatility of the cash flow grows multiplicatively over time. This multiplicative characteristic is shared by the usual...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.406220