The Present Value of Future Cash Flows
http://www.avc.com/a_vc/2010/01/valuing-stocks-today-and-...
Companies (and other investments) are worth the “present value” of all the cash you'll earn from them in the future.
http://www.avc.com/a_vc/2010/01/valuing-stocks-today-and-...
Companies (and other investments) are worth the “present value” of all the cash you'll earn from them in the future.