Book Value of Equity X Reinvestment
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EQUITY ASSET VALUATION WORKBOOK Second Edition Jerald E. Pinto, CFA Elaine Henry, CFA Thomas R. Robinson, CFA John D. Stowe, CFA with a contribution by
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earnings, cash?ows, book value or sales. For an asset to have value, Equity Valuation versus Firm Valuation
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February 2018