One approach to firm valuation is to focus on the firms book value, either as it appears
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One approach to firm valuation is to focus on the firm’s book value, either as it appears on the balance sheet or as adjusted to reflect current replacement cost of assets or liquidation value.
Another approach is to focus on the present value of expected future dividends. P-69
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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