3. In some cases an analyst will use an equity performance measure, such as earnings...

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3. In some cases an analyst will use an equity performance measure, such as earnings or book value; in other cases an analyst may use a company performance measure, such as NOPAT or NOA to determine value. If the analyst ultimately wants to determine equity value per share what must he or she do differently when using an equity performance measure as opposed to a company performance measure

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