Briefly summarise the findings of Penman and Sougiannis (1998) concerning the ex-post performance of the abnormal earnings method, the dividend discount model and the discounted cash flow method. b) Explain what Business Strategy Analysis is and why it is a prerequisite for understanding the results of our ratio analysis, and for making good forecasts in the context of our Prospective Analysis.
Briefly summarise the findings of Penman and Sougiannis (1998) concerning the ex-post performance of the abnormal earnings method, the
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