Question 17 Which one(s) of the followings is (are) key issues that must be addressed to implement valuation theory? 1. Appropriate discount rate II. Terminal value forecast III. Equity vs. Asset valuation IV. Future forecasts of cash flows O I, II and III O II, III and IV I, II and IV Only I and II O I, II, III and IV Question 19 1. It involves financial statement analysis II. It is mostly done for identifying mispriced stocks III. It can establish investment objectives IV. It can develop future expectations Which of the statements above are correct for equity security analysis ? O I, II, and III O II, III and IV Only II and III Only Il O I, II, III and IV