Valuation : From the NPV Formula to the valuation of a firm
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Description
M. Thesmar begins his speech about valuation, which is the set of techniques used to determine the value of a firm. He addresses this from the point of view of the Net Present Value (NPV), and explains how to adapt this formula in order to make it closer to the reality of firm valuation. Finally, the speaker goes through the explanation of the way cash flows have to be computed.
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