Question 5 Which of the following is not a pro of DCF valuation?: It's very robust to assumptions about the terminal value. It's insulated from market aberrations. It's especially good for larger, stabler companies as it's based on projected cash flows. It allows for a flexible sensitivity analysis.

What is weak-form EMH? What would you expect to see/not see if markets where weak form efficient? In other words, can you think of market events that would serve as evidence that market is or isn’t weak-form efficient?

One approach for using multifactor models is to use factors that capture systematic risk. Which of the following is not a common factor used in this approach? Market capitalization O Unexpected changes in real GDP O Unexpected changes in inflation Yield curve shifts Consumer confidence

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