=============================================== ACC 573 Midterm Exam Guide
18. The conceptual framework for free cash flows separates the balance sheet equation into the following categories:
19. If an analyst wants to value a potential investment in the net operating assets of a division of another firm, the analyst should discount the projected free cash flows at the
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
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