5. Relative valuation approaches can be used for sum-of-the-parts analysis, but many practitioners will apply a conglomerate

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5. Relative valuation approaches can be used for sum-of-the-parts analysis, but many practitioners will apply a “conglomerate discount” to the results of such analysis. Why do they do so, and what is the normal range applied?

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Equity Valuation And Portfolio Management

ISBN: 9780470929919

1st Edition

Authors: Frank J. Fabozzi, Harry M. Markowitz

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