Equity- Emerging Mkts valuation

Emerging mkts valuation -lengthy example in CFAI is quite crazy. How are you folks tackling this topic? I am trying to get on top of basic concepts outlined in Schweser.

Know which ratios will be over/understated in real/nominal terms, the scenario analysis to alter the CF rather than the discount rate, the WACC computation and inputs and the rational for using those inputs…hope that helps

I used Schweser for this one. Although the example is fairly long there also.

Yup- that is pretty much i am concentrating on! I hope the calculations dont show up on the exam.

well you know how to calc FCFF and use it for a TV, just know how to deflate by inflation and that you need nominal taxes and INFC is a plug in real terms, good luck