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Chapter 12

Chapter 12. Valuation: Accounting-Based Earnings. Valuation: Earnings-Based. As opposed to Discounted Cash Flows Derived from PV of dividends Dividends from cash flow to the firm Therefore, Leveraged FCF So, substitute earnings for FCF Why?. Why Earnings?. Long-term approximates Lev FCF

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0 sum exp roce - PowerPoint PPT Presentation

Chapter 12