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Hi John,
Appendix 1 when finding the current value of equity of Avem co pre acquisition, why is it not FCFE of 1666.7?
I’m confused why do we take its current value of equity as (Share price x No of shares). Isn’t it’s FCFE also current value of equity?
Thanks for your time.
You can find my lectures working through the whole of this question, linked from the following page:
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