2. Firm F is an excellent firm with superior management and a long history of steady earnings....
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2. Firm F is an excellent firm with superior management and a long history of steady earnings. After a long period of expansion, the Firm F has run out of opportunities to expand by building out new businesses. Toward what values are its TV, FV, and P/E likely to converge?
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Related Book For 
Equity Valuation And Portfolio Management
ISBN: 9780470929919
1st Edition
Authors: Frank J. Fabozzi, Harry M. Markowitz
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