单选题 The best description of the measure of cash flow to use when estimating the total value of a firm is:
  • A. the operating free cash flow prior to interest payments on debt.
  • B. the operating free cash flow prior to interest payments on debt but after deducting funds needed for capital expenditures.
  • C. the operating free cash flow after adjustment for payments to debt holders, but before dividend payments to common stockholders.
【正确答案】 B
【答案解析】[解析] 在估计一家公司的总价值时，应从营业自由现金流定义中扣除向债券持有者支付的金额，且上述现金流应发生在向普通股股东支付股息前的期间。