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Question 5 - Relative Valuation: Fundamentals An analyst tells you that he uses price/earnings multiples, rather than discounted cash ow valuation, to value stocks, because

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Question 5 - Relative Valuation: Fundamentals An analyst tells you that he uses price/earnings multiples, rather than discounted cash ow valuation, to value stocks, because he does not like making assumptions about fundamentals growth, risk, and payout ratios. Is his reasoning correct

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