accrual is a noncash value flow recorded in the financial statements. 발생액 : 재무제표 내 표기된 비 현금흐름 annuity the annual amount in a constant stream of payoffs. 연금 : 매년 일정하게 들어오는 수익 continuing value is the value calculated at a forecast horizon that captures value added after the horizon. 계속가치 : 투자회수기간 중 부가가치들의 최종 합 dividend conundrum reters to the following puzzle: The value of a share is based on expect..