A major disadvantage of the discounted free cash flow model is that it does not allow us to value a firm without explicitly forecasting its dividends, share repurchases, or use of debt. True False QUESTION 2 Firms and industries that have low growth rates should have high P/E multiples True Fabe QU STION 3 Semi-strong form market efficiency means that prices immediately incorporate all information, including private information known, for example, to only managers insiders) True False