C5.7. Anadvocate ofdiscounted cashflow analysis says, Residua! earnings valuation does notwork wellforcompanies likeCoca-Cola, Cisco Systems, or Merck,
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C5.7. Anadvocate ofdiscounted cashflow analysis says, "Residua! earnings valuation does notwork wellforcompanies likeCoca-Cola, Cisco Systems, or Merck, which have substantial assets, like brands, R&D assets, andentrepreneurial know-how off the books. Alowbookvalue mustgive youa low valuation." Trueor false?
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Related Book For 
Financial Statement Analysis And Security Valuation
ISBN: 9780071267809
4th International Edition
Authors: Penman-Stephen-H, Steven Penman
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