Hi fellow monkeys,
At my summer internship, I was asked to recreate DCFs of certain companies that other investment bankers had already done for shareholder litigation purposes. I never asked them why I was doing this, but I did hear the associates say that they were surprised by the previous investment bankers' models.
Is it a normal thing for investment bankers to recreate other investment bankers' models to make sure they did not make any obvious mistakes?
Thank you.
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