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Value of the business–Q1(b) Dec 2009

This topic has 1 reply, 2 voices, and was last updated 13 years ago by John Moffat.

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May 25, 2011 at 1:49 pm #48611
pepsi1020
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Whether the value of the business should include the value of debt?
The answer model just give the value of the business at the value of the equity using FCFE
May 29, 2011 at 6:34 pm #82300
John Moffat
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If you are buying the business, it is the shares that you are buying. (Any arrangement with the debt lenders would be separate)
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