- CFA Exams
- CFA Level I Exam
- Study Session 11. Equity Valuation (3)
- Reading 31. Private Company Valuation
- Subject 4. Valuation approaches, earnings normalization and cash flow estimation issues
CFA Practice Question
The market approach may be used to value a company in its:
A. initial development stage.
B. high growth stage.
C. stable and mature stage.
Explanation: At this stage it's relatively easier to find similar public companies to compare with.
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