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NEED 100% PLEASE!!! QUESTION 16 Which of the following is not a method of valuin

ID: 2480527 • Letter: N

Question

NEED 100% PLEASE!!!

QUESTION 16

Which of the following is not a method of valuing intangibles?

CAPM model

b. Allocated value in arms-length bargaining

c. Residual value

Earnings based approach

QUESTION 17

When valuing a closely held business, which of the following is considered the most difficult?

Determining how many years to include in the analysis

b. Developing normalizing entries

Determining the capitalization/discount rate

All of the above are equally difficult

QUESTION 18

Which of the following data would not be useful in valuing a closely held business?

Price/Earnings Ratio

Capital Asset Pricing Model

Beta

None of the above would be useful

QUESTION 19

The Build-up model of developing a discount rate is most often used when valuing the following types of companies

Small public companies

Small private companies

Large public companies

Either small or large public companies

QUESTION 20

Which of the following is not an external factor that affects the capitalization rate?

a. Expectations of a particular industry

Competitive environment of a particular industry

c. The income trend of the client over five years

d. Existing conditions of the general economy

NEED 100% PLEASE!!!

a.

CAPM model

b. Allocated value in arms-length bargaining

c. Residual value

d.

Earnings based approach

Explanation / Answer

(16) (a)

CAPM is used to compute expected return of a stock or asset, and is not used to value intangibles.

(17) (d)

All options are correct. A closely held business does not have a benchmark valuation model that can be derived from its peer business. So estimating these issues are equally difficult.

(18) (d)

None of the options can be used to value a closely held business, since these are useful for valuation of publicly held companies only.

(19) (a)

(20) (c)