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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
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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