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20. Residual income in a long-run steady-state growth period is referred to as: 21. The two most popular discounted earnings models appear to be 22. Residual income is 23. The market price of a share of common equity reflects 24. Strictly speaking, the price-earnings ratio assumes that firm value is the 25. Valuation using market multiples captures 26. Under the value-to-book model new projects will be abnormally profitable only when =============================================== ACC 573 Midterm Exam Guide FOR MORE CLASSES VISIT www.acc573assist.com ACC 573 Midterm Exam Guide 1. The two categories of shareholders' equity usually found on the balance sheet of a corporation are 2. When a firm attempting to create unique products or services for particular market niches, in order to achieve relatively high profit margins, this is best known as 3. Which of the following economic characteristics is consistent with a pharmaceutical company?