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If an analyst expects a firm to generate net operating income each period exactly equal to required earnings, then the operating value will be: less

If an analyst expects a firm to generate net operating income each period exactly equal to required earnings, then the operating value will be:

less than the book value of common shareholders' equity.

exactly equal to the book value of net operating assets.

greater than the book value of common shareholders' equity.

exactly equal to working capital.

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