wiley finance investment banking pdf
Often, the banker focuses on as few as two or three of the most similar transactions. Often, however, the banker needs to start from scratch. In this instance, the banker should revisit the assumptions underlying the selection of both the universes of comparable acquisitions and comparable companies, as well as the calculations behind the multiples. This ratio can be calculated on the basis of book or market values depending on the situation. For those aspiring to master the essential skills in investment banking, this book is a valuable investment that promises long-term returns.
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