Question
61.) Which of the following is most accurate regarding the determination of fair market value? a. Fair market value relies on estimates of the value
61.) Which of the following is most accurate regarding the determination of fair market value?
a. Fair market value relies on estimates of the value of illiquid assets.
b. Fair market value ignores any preferred stock outstanding.
c. Fair market value is based on cash flows to shareholders.
d. Fair market value is used to value firms operating as going concerns.
62.) When using a dividend discount model, the least likely included input variable is the:
a. Required return of the investor.
b. Growth rate in the return on equity.
c. Growth rate in dividends.
d. Expected dividend stream.
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