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Basic Question 0 of 3
Market multiples of public companies reflect:
II. growth.
I. expected risk.
II. growth.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
calculate the value of a private company based on market approach methods and describe advantages and disadvantages of each method;
CFA® 2025 Level II Curriculum, Volume 4, Module 25.