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Which of the following statements is correct? a) Enterprise value multiples relates exclusively to equity value, ignoring consideration for the effect of debt. b) For

Which of the following statements is correct?

a) Enterprise value multiples relates exclusively to equity value, ignoring consideration for the effect of debt.

b) For valuation purposes, the trailing price/earnings ratio is generally preferred, since it is based on actual not expected earnings.

c) Earnings are affected by different accounting conventions between countries

d) Trailing earnings are the expected earnings over the coming 12 months.

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