1. One of the advantages of the Guideline Public Company Method is that

a. The values derived are inclusive of market and economic factors as of the valuation date based on independent arms-length activity

b. The degree of adjustment when valuing similar minority interests in large privately-held entities can often times be reduced to considerations for lack of marketability

c. The underlying data is considered to be fairly reliable given the degree of scrutiny publicly traded companies must undergo

d. All of the above

2. Which of the following statements is not applicable to the Price/Earnings Ratio Method?

a. The Price/Earnings Ratio Method is also an income-oriented approach

b. This method is mainly used when valuing closely held companies

c. The P/E Ratios are typically obtained from comparable publicly traded companies

d. The earnings portion of the P/E ratio is represented by net after-tax income of comparable companies