Please answer and explain:

QUESTION 1 Limitations in applying the comparable companies' method of valuation include which of the following? O Finding truly comparable companies is difficult O The use of market-based methods can result in significant under- or overvaluation during periods of declining or rising stock markets O Market-based methods can be manipulated easily, because the methods do not require a clear statement of assumptions with respect to risk, growth, or the timing or magnitude of future earnings and cash flows. OA B,&C O A & B only