Reading 43 is “Valuation in Emerging Markets”. Is this whole reading new this year? I don’t remember this at all the first time around! There are no questions at the back of the chapter, so I am wondering if it is very important to memorize these formulas?
Also, they keep using the term EBITA, which I assume is the same as EBITDA, but without depreciation. Why?
As far as I can remember this was included…nothing new.
Also remember reading it. There was a long example in schweser, but it brought the point home.