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Exercise 4 (15 points): Theoretical question (250 words maximum) Explain what are the pros and cons of the comparable/multiples valuation of the stocks? What

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Exercise 4 (15 points): Theoretical question (250 words maximum) Explain what are the pros and cons of the comparable/multiples valuation of the stocks? What are the disadvantages of P/E multiples valuation? Exercise 5 (15 points): Theoretical question (200 words maximum) What are the advantages and disadvantages of DeFi (Decentralized finance) comparing to traditional financial system?

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Pros and Cons of ComparableMultiples Valuation of Stocks Pros 1 Easy to Understand and Use Multiples valuation is relatively easy to understand and ap... blur-text-image

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