The best way to really challenge yourself is by doing our CFA Brainteasers. We purposefully make them hard to make sure you really master these concepts!


Your boss asks you to come up with an equity valuation P for BoxCo, a German industrial company engaged in carbon weaving.

He tells you that BoxCo has net profit per year of E, a return on equity of K, a net profit growth rate of g and a cost of equity of c.

Define the equity value P in terms of E, K, g and c.




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