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The authors of the paper What Valuation Models Do Analysts Use state: contrary to our expectations, some analysts who construct explicit multiperiod valuation models still

The authors of the paper What Valuation Models Do Analysts Use state:

contrary to our expectations, some analysts who construct explicit multiperiod valuation models still adopt a comparative valuation model as their preferred model.

Based on the material we have covered in the course, describe the differences in the two approaches and explain why an analyst would prefer a comparative model.

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