The success of the Nasdaq National Market as a competitor to the NYSE and other organized exchanges can be judged by its ability to attract stock listings by companies that traditionally might have chosen to be listed on the NYSE. Such well-known companies as Microsoft, Worldcom, Apple Computer, Intel, Dell, Yahoo!, and Starbucks list their securities on Nasdaq.

Ross et al.: Fundamentals of Corporate Finance, Sixth Edition, Alternate Edition

III. Valuation of Future Cash Flows

8. Stock Valuation

© The McGraw-Hill Companies, 2002

CHAPTER 8 Stock Valuation

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