Rafael and Roberta are arguing about the best way to value Sporks, Inc - a mature firm that manufactures plastic utensils. Rafael argues that this industry has little room for innovation and since Sporks, Inc no longer retains any of their earnings, the present value of all future earnings represents a good estimate of the stock's value. Roberta disagrees. Who is right
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Rafael and Roberta are arguing about the best way to value Sporks, Inc - a mature firm that manufact...
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