Today's post is by Andrew Strickland of Scrutton Bland, Chartered Accountants. Andrew specialises in corporate finance and business valuation. Andrew is a member of the Valuation Committee of the ICAEW and its subject matter expert. Andrew has undertaken a large number of business valuation assignments in respect of shareholder disputes and also in respect of divorce. He also works on fiscal valuations for a variety of tax purposes.
The Chaffe Protective Put Option Model
Chaffe came up with the main thought that applies to most of these models.
The thought was an important one: