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Equity- Emerging Mkts valuation

Emerging mkts valuation -lengthy example in CFAI is quite crazy.
How are you folks tackling this topic?
I am trying to get on top of basic concepts outlined in Schweser.

well you know how to calc FCFF and use it for a TV, just know how to deflate by inflation and that you need nominal taxes and INFC is a plug in real terms, good luck

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