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Basic Question 1 of 4

The valuation of commodities is based on ______.

A. the estimation of future profitability
B. the estimation of future cash flows
C. a discounted forecast of future possible prices

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

contrast the valuation of commodities with the valuation of equities and bonds;

CFA® 2024 Level II Curriculum, Volume 5, Module 39.