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Question 3. Suppose two companies A and B with the same current book value of equity and are expected to have the same return on
Question 3. Suppose two companies A and B with the same current book value of equity and are expected to have the same return on equity in the future. However, company A's book value of equity is expected to grow at a faster rate than company B, under the framework of abnormal earnings model, can we say for certain which company's total value of equity is higher
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