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The second is that barring the oil companies, whose revenues and margins ebb and flow with oil prices, the only firm on this list that generates double digit margins is Apple, which has been rewarded with the largest marketcapitalization of any company in the world. It was the reason that I argued at a $1.2
Were also bigger and had higher marketcapitalizations and better operating performance, on average. There is no information in any restricted stock study to help business appraisers estimate the value of expected future dividends. And what about the terminalvalue that gives rise to capital appreciation?
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