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- 2011-7-11
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- 2014-7-8
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| So just to be clear, say both firms have a 80% flow through rate, but firm A has inflation of 6% and firm B has 4% inflation. Req. return is 8% for both firms. Firm B is valued higher than firm A because of the lower inflation rate, even though it has a higher P/E? |
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发表于 2011-7-13 16:11
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