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If an investor chooses to use market-based valuation model instead of the Discount Cash Flow model to evaluate a firm, which of the following reasons

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If an investor chooses to use market-based valuation model instead of the Discount Cash Flow model to evaluate a firm, which of the following reasons is valid? The investor is not confident in identifying comparable firms The investor is not confident in forecasting future cash flows The investor does not care about market sentiment The investor has long investment horizon

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