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4) The intrinsic value of an equity share depends on a multitude of factors. These factors in tum rely on the host of other factors

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4) "The intrinsic value of an equity share depends on a multitude of factors. These factors in tum rely on the host of other factors like economic environment in which they function, the industry they belong to, and finally companies own performance." Discuss this statement based on the specification of the concept of Fundamental Analysis and the analysis of its three steps. (10 Marks)

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