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1. In Chapter 4 , subsection Value the Whole Company, the author gives two steps to value a share of stock. What are they? 2.

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1. In Chapter 4 , subsection "Value the Whole Company," the author gives two steps to value a share of stock. What are they? 2. In that same section, the author states that the approach contains three subtle points. What are they? 3. In Chapter 5, what is the formula for the calculation of cash flow? 4. For valuation, how many years does the author recommend smoothing cash flows over? 5. Identify three approaches to estimating a firm's growth rate

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