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Copyright © 2017 Aswath Damodaran

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E-ISBN 978-0-231-54274-6

ISBN 978-0-231-18048-1 (cloth : alk. paper)

ISBN 978-0-231-54274-6 (e-book)

Cataloging-in-Publication Data is on file at the Library of Congress.

A Columbia University Press E-book.

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Cover design: Diane Luger

Cover image: © Dollar Photo Club/Jalees & Smith