NAME: STD

vle taeoners,
puUTchare
Sasfaehn BdO
a
die t hos
pay pesent
to the
ave
relahen detemne eshm
aceGg o cempces
tne
casb
futuse eceense
to
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identy
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silling o
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c
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valu
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busiess censdeaons the
og
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rdusy to
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vabae fars
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FPO Com
a
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fundamentel appsah tos

1dennty

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ae
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pent a e

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essted
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mehd Tsadnnal set
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valuahen appoDaches
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betene adred
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peman
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 matanable
bs
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yeoes past fere
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mt
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tbe ao hey a e

ausmod
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a paos ct)
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2000

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see cash l o nehool
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cash los etusn

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compehtoso ()othero
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nast Vau
and
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lbeng
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the braneu statements of comp

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he utusO

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at
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called
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dee
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ts tteoe cashtlos

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ll he epenses cestlees eledl to e

eperanens e,(Ltlones elae to cempanyo capa arndl,

caitad.

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the newere

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aleulaes veau tum valo
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beperds
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fetse business
bugine compY
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plan of
womel
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eapeted to gpoo cct obot

anayss

analy Bio o Sreged

So Cu gact deal 4 ettoss
abot he fndusty stuaien, business

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facten
fos
he fnanea `taternerss se nedto

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Top door appas to eSmate aeenes

shase prcg

Compry'omat s hoooy ury

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topdosn
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the cauahng Sales pooud by oetnmg
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to nanaa Scteme
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paoduct cogment
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added
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he peslod CFosecat atdihea sale)

shamng the
evere
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erpnses t d dsrg the foecas povOd: he can

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ie tems o emplyee ecst, cost gads sdd. selig
se: Admm Costo ane
dishighen cO3t can elined to
oonual coID may pe eshmcted
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itese
balance shet
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he tse ea 3ah
economtc dave
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dne

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admnstuame epeo

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incere Appopnte non

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de

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e nenest Long t e n
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clasig
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calulahen n
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i
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mentores e

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e
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maomg gen hodes equiny avalable oro
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 CAssumes thot enpany oll pay
Disdend dlsa t mOdel
Helps 5n detenng
as weu
dsvderd in prosed cndhwe as
the întinste vaue the stou today
3toeam Ot
dPidends
modes dsonted ca3h

lbaod ueluthe tuoe dvdend

futse
loesad

payments by tre ceeom

is useg patuley fos cEmpemes

dmderd,
paying
ayteh qQany
Smaovd epeched

het the dinderd pen shane somns

t ue as sue
Constort
L d be ag

po +odoy
pice
Snehned euado dcend porcy
easy o use.
 Les that an nesto fotends
ne
to buy
yeas. Suppose he ecp esto to
to shane tO Pay
md ould g l the
diidend net yeas
d the end
Shae Qt the expested pico Bo

e t n îs o,what Should be he vaue e sa

today
Po. b+P

Gosdon
Assune hat dends ane
centnt

Poz

Po D
ss lasty.
ABc pad a dudod to
future ae enpeted
Thediided in 4he uhat Uoud be
Dete 6
paeperly egured
it he
the shae poice today