The three steps in determining a stock's intrinsic value are
I. estimating the stock's future cash flows.
II. estimating the risk associated with future cash flows.
III. careful analysis of patterns in the stock's recent price history.
IV. estimating an appropriate discount rate to apply to future cash flows.
A) II, III and IV only
B) I, II and IV only
C) I, III and IV only
Answer: B
Business
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ultimate government personal consumer
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Which of the following is not included in continuing operations?
A) gain on sale of machinery B) a segment of a business that has been discontinued C) cost of goods sold D) losses due to lawsuits
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