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Which description of the relationship among residual income, dividend discount (DDM) and free cash flow to equity (FCFE) models is least accurate? A. Residual income differs from DDM and FCFE in that residual income starts with book value. B. The different models should result in different intrinsic values because of the theoretical differences in the models. C. Residual income differs from DDM and FCFE in that it discounts income rather than cash. |