9. True or false? Explain. a. The value of a share equals the discounted stream of future

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9. True or false? Explain.

a. The value of a share equals the discounted stream of future earnings per share.

b. The value of a share equals the PV of earnings per share assuming the firm does not grow, plus the NPV of future growth opportunities.

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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