Which of the following is NOT a negative attribute of the price-earnings multiple valuation model?
A) It implicitly assumes that comparable firms are already fairly pried in the market place.
B) Its focus on earnings may be clouded by dubious accounting assumptions.
C) It is based on relative market measures rather than book measures.
D) It cannot be used when there are negative earnings. (This would imply a firm value of less than $0!)
C
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FOIA ยง552(a)(1), which requires that agencies make certain information available for
inspection and copying, is sometimes referred to as the _____ requirement because it is satisfied by providing a location for people to inspect and copy documents. Fill in the blanks with correct word
Savings and loans lost a total of $10 billion in 1981-1982 due to a combination of rising interest rates in 1979-1981 and
A) the recession of 1981-1982 that reduced real estate prices enough to cause significant loan defaults. B) the regulatory restrictions enacted by Congress in 1981 and 1982. C) the loss of market share to commercial banks that were allowed to compete directly with thrifts in the real estate market. D) the acceleration of inflation in 1981-1982 that caused thrifts to lose additional funds to money market mutual funds.