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A Top-Down Analysis of a Firm's Prospects Starts with

Question 13

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A top-down analysis of a firm's prospects starts with


A) an examination of the firm's industry.
B) an evaluation of the firm's position within its industry.
C) a forecast of interest-rate movements.
D) an assessment of the broad economic environment.
E) the application of the CAPM to find the firm's theoretical return.

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