## What is the correct company value?

The only concept which has gained universal acceptance by economists is that the value of an asset is determined by the expected benefits it will generate …

The only concept which has gained universal acceptance by economists is that the value of an asset is determined by the expected benefits it will generate …

Every item written into a firm’s profit and loss account and its balance sheet is a stochastic variable with a probability distribution derived from probability distributions for each factor of production.

Having arrived at the probability distribution for the value of equity, we are able to calculate expected gain, loss and their probability when investing in a company …

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