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Not too sure man, I thought it's always said "justified" and I've never seen a question about whether its "justified" or "unjustified". Do you have a specified question from somewhere?

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The reason why it's called justfied is that it's derived from the intrinsic value analysts calculated. you can also think of it as "implied" si tu veux.

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上一主题:Private equity... Just returns?
下一主题:Quest: 51 CFAI Mock