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    Investment Analysis and Portfolio Management Study Set 1
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    Exam 9: The Top-Down Approach to Market, Industry, and Company Analysis
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    When Estimating a Major Stock Market Value Using the Earnings
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When Estimating a Major Stock Market Value Using the Earnings

Question 213

Question 213

True/False

When estimating a major stock market value using the earnings multiplier approach, near-term estimates of the required rate of return and growth rate are essential due to the impact of near-term events on cash flows.

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