备考CFA考试是不是掌握了一定的知识？今天我们看看权益科目的知识点考题，看看能不能做对呢？如果正在备考的考生可以起看看！
An analyst has determined that the appropriate EV/EBITDA for Rainbow Company is 10.2. The analyst has also collected the following forecasted information for Rainbow Company:
EBITDA = $22,000,000
Market value of debt = $56,000,000
Cash = $1,500,000
The value of equity for Rainbow Company is closest to:
A. $169 million.
B. $224 million.
C. $281 million.
解析：选A。⭐ Equity value = EV – MV(Debt) + Cash = 22*10.2 - 56 + 1.5 = 169.9
补充：在该公式中，债务的市场价值MV(Debt)是难获得的。
An asset-based valuation model would be most applicable:
A. for valuing a small and privately held firm.
B. when the economic environment is hyperinflationary.
C. for valuing a firm that has significant property, plant, and equipment.
解析：选A。小型私有企业适合使用基于资产的估值方法。B项，在恶性通货膨胀的环境下，资产价值可能更难估计。C项，拥有大量PPE的公司不适用，因为资产的市场价值不确定。
补充：基于资产的估值模型为 MV(E) = MV(A) - MV(L)，即资产负债表恒等式。
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