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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
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ACC 573 Midterm Exam Guide

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ACC 573 Midterm Exam Guide
1. The two categories of shareholders' equity usually found on
the balance sheet of a corporation are