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DCF valuation should be improved
Business Valuation Update
Vol. 7 No. 1
January 2001
Alix Mandron
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Tags:
discounted cash flow (DCF)
,
cost of equity
Summary
The discounted cash flow (DCF) technique is a staple of financial management textbooks, one might even say an idol not to be questioned. Our purpose is to show that the conventional way of computing D ...