1. When using equity valuation models based on discounted cash flows, which of these methods uses equity value as the present value?
   1. Dividend-discount model
   2. Free cash flow model
   3. Cash flow to equity holders model
   4. All of the above

Answer:______

1. When using different methods based on comparable firms to estimate the share price, if the estimated values are within a reasonable range, they can be considered acceptable. If the range is too wide, then some of the ratios may not be appropriate and should be discarded. What is considered as a reasonable range?
   1. 5%
   2. 10%
   3. 15%
   4. 20%

Answer:______