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Which of the following statements concerning different valuation approaches is most accurate? A:The justified forward P/E approach offers the advantage of incorporating fundamentals and presenting intrinsic‐value estimations. B:It is advantageous to use asset‐based valuation approaches rather than forward‐looking cash flow models in the case of companies that have significant intangibles. C:One advantage of the three‐stage dividend discount model (DDM) is that it is equally appropriate for young companies entering the growth phase and those entering the maturity phase. |
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