Which of the Following Statements About the Comparable Companies' Valuation

Multiple Choice

Which of the following statements about the comparable companies' valuation method is not true?

A) Requires the use of firms that are "substantially" similar to the target firm
B) Uses market based rather than cash flow based valuations
C) Often used as the basis of investment banker fairness opinions
D) Generally provides the most accurate valuation method
E) Provides an estimate of the target firm at a moment in time.