True or false? Explain. a. The value of a share equals the discounted stream of future earnings

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True or false? Explain.
a. The value of a share equals the discounted stream of future earnings per share.
b. The value of a share equals the PV of earnings per share assuming the firm does not grow, plus the NPV of future growth opportunities.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 10:30 AM

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True or false? Explain. a. The value of a share equals the discounted stream of future earnings

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Principles of Corporate Finance

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