1. Discuss the differences and similarities between the discounted dividend and corporate valuation models. Briefly explain which method do you find more reliable and practically useful? Why?

2. Also, the discounted dividend and corporate valuation models are two most commonly used DCF models to value common stocks. There is also alternative approach in stock valuation - multiples (ratio-based) valuation. P/E multiple is most commonly used ratio to value common stock. Explain briefly how multiples valuation approach works and whether you would recommend using it over DCF methods in a common stock valuation.