Prepare to explain the implications

Prepare to explain the implications of case Exhibit 1 (Paige Simon’s first task). Based on that exhibit, is terminal value (TV) a material component of firm values? From the exhibit, we can find the PV of five years’ dividends is small part of the market price of the stock. In my opinion, we buy a stock then get dividend periodically, which like buy a bond. The coupon payment is dividend and the face value is terminal value. The bond value is determined by the terminal value mostly. So the stock price is also determined by terminal value. The concept of going concern can explain that Terminal value is often higher than the present value of near term cash flows, which means that a company's long-term cash-flow capacity is more important.

Results (English) 1:

Prepare to Explain The Implications of Case Exhibit 1 (Paige Simons First Task). Based on that exhibit, is Terminal value (TV) a Material Component of Firm values? From The exhibit, we Can Find The PV of Five years' dividends is Small. Part of The market Price of The Stock. In My Opinion, we Buy a Stock then Get dividend periodically, which like Buy a Bond. The Coupon payment is dividend and The Face value is Terminal value. The Bond value is Determined by The Terminal value. mostly. So The Stock Price is also Determined by Terminal value. The Concept of Going Concern Can Explain that Terminal value is often Higher than The Present value of near term Cash flows, which means that a Company long-term Cash-Flow Capacity is more. important.

Results (English) 3:

准备解释案例展示的含义1（佩姬西蒙的第一个任务）。基于显示终端，是价值（电视）对公司价值的材料成分？从展览中，我们可以发现五年的分红的PV是股票市场价格的一小部分。在我看来，我们买的股票得到股息定期，如购买债券。息票支付股息和面值终端价值。债券的价值是由终端值多。因此，股票价格也由终端值确定。持续经营概念可以解释终端价值往往比短期现金流的现值较高，这意味着一个公司的长期现金流的能力更重要。