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Basic Question 1 of 2
The theory underlying the asset-based approach is that the ______
B. value of a business is equal to the sum of its parts.
C. value of a stock can be evaluated based on comparisons of multiples of similar stocks.
A. intrinsic value of a security is the present value of the future benefits expected to be received from the security.
B. value of a business is equal to the sum of its parts.
C. value of a stock can be evaluated based on comparisons of multiples of similar stocks.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe asset-based valuation models and their use in estimating equity value
CFA® 2025 Level I Curriculum, Volume 3, Module 8.