Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is horizon value?
Expert Solution
Step 1
Horizon value is the value of the project or the security at the end of a specified future date. The horizon value can also be named as the terminal value. It is the value of the project based on the perpetual cash flows. In simple words, the terminal value is the project value base on the precise cash flow projections.
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