True or false? Explain. a. The value of a share equals the discounted stream of future earnings
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a. The value of a share equals the discounted stream of future earnings per share.
b. The value of a share equals the PV of earnings per share assuming the firm does not grow, plus the NPV of future growth opportunities.
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Related Book For
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
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