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For what reason could a company have a target capital structure different than its market-based capital structure? Why do companies use a mid-year adjustment when

  1. For what reason could a company have a target capital structure different than its market-based capital structure?

  1. Why do companies use a mid-year adjustment when discounting future free cash flows?

  1. What do you do with "in the money" executive stock options when calculating the value of a company?

  1. What types of companies would have less exposure to broad economic conditions?

  1. What is the difference between scenario analysis and sensitivity analysis?

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