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1. Can you use relative valuation, for instance price-to-book or price-to-earnings ratios, to value unlisted stocks? Why/why not? 2. How do we deal with non

1. Can you use relative valuation, for instance price-to-book or price-to-earnings ratios, to value unlisted stocks? Why/why not?

2. How do we deal with non operating assets in cash flow-based valuation models?

3. Explain on an overall level how stock options are valued

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