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11. Why has the price/ cash flow ratio become a popular measure of relative value during the recent past? What factors would help explain a

11. Why has the price/ cash flow ratio become a popular measure of relative value during the recent past? What factors would help explain a difference in this ratio for two firms?

12. Assume that you uncover two stocks with substantially different price/ sales ratios ( e. g., 0.5 versus 2.5). Discuss the factors that might explain the difference.

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