Remove 2025 Remove EBITDA Remove Risk-free Rate
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Data Update 5 for 2025: It's a small world, after all!

Musings on Markets

I am no expert on exchange rates, but learning to deal with different currencies in valuation is a prerequisite to valuing companies. The second is the estimation of the default spread , and in my simplistic approach, I use one of two approaches - a default spread based upon the sovereign rating or a sovereign credit default swap spread.