id	sid	tid	token	lemma	pos
faba-150	1	1	1	1	NUM
faba-150	1	2	finance	finance	NOUN
faba-150	1	3	,	,	PUNCT
faba-150	1	4	accounting	accounting	NOUN
faba-150	1	5	and	and	CCONJ
faba-150	1	6	business	business	NOUN
faba-150	1	7	analysis	analysis	NOUN
faba-150	1	8	volume	volume	NOUN
faba-150	1	9	5	5	NUM
faba-150	1	10	issue	issue	NOUN
faba-150	1	11	1	1	NUM
faba-150	1	12	,	,	PUNCT
faba-150	1	13	2023	2023	NUM
faba-150	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-150	1	15	issn	issn	VERB
faba-150	1	16	2603	2603	NUM
faba-150	1	17	-	-	SYM
faba-150	1	18	5324	5324	NUM
faba-150	1	19	company	company	NOUN
faba-150	1	20	valuation	valuation	NOUN
faba-150	1	21	:	:	PUNCT
faba-150	1	22	the	the	DET
faba-150	1	23	most	most	ADV
faba-150	1	24	widely	widely	ADV
faba-150	1	25	used	use	VERB
faba-150	1	26	valuation	valuation	NOUN
faba-150	1	27	methods	method	NOUN
faba-150	1	28	in	in	ADP
faba-150	1	29	bulgaria	bulgaria	PROPN
faba-150	1	30	dimiter	dimiter	PROPN
faba-150	1	31	nenkov	nenkov	PROPN
faba-150	1	32	department	department	PROPN
faba-150	1	33	of	of	ADP
faba-150	1	34	finance	finance	NOUN
faba-150	1	35	,	,	PUNCT
faba-150	1	36	university	university	NOUN
faba-150	1	37	of	of	ADP
faba-150	1	38	national	national	ADJ
faba-150	1	39	and	and	CCONJ
faba-150	1	40	world	world	NOUN
faba-150	1	41	economy	economy	NOUN
faba-150	1	42	,	,	PUNCT
faba-150	1	43	sofia	sofia	PROPN
faba-150	1	44	,	,	PUNCT
faba-150	1	45	bulgaria	bulgaria	PROPN
faba-150	1	46	info	info	NOUN
faba-150	1	47	articles	article	NOUN
faba-150	1	48	abstract	abstract	ADJ
faba-150	1	49	history	history	NOUN
faba-150	1	50	article	article	NOUN
faba-150	1	51	:	:	PUNCT
faba-150	1	52	submitted	submit	VERB
faba-150	1	53	5	5	NUM
faba-150	1	54	may	may	PROPN
faba-150	1	55	2023	2023	NUM
faba-150	1	56	revised	revise	VERB
faba-150	1	57	1	1	NUM
faba-150	1	58	june	june	PROPN
faba-150	1	59	2023	2023	NUM
faba-150	1	60	accepted	accept	VERB
faba-150	1	61	5	5	NUM
faba-150	1	62	june	june	PROPN
faba-150	1	63	2023	2023	NUM
faba-150	1	64	the	the	DET
faba-150	1	65	main	main	ADJ
faba-150	1	66	objective	objective	NOUN
faba-150	1	67	of	of	ADP
faba-150	1	68	this	this	DET
faba-150	1	69	research	research	NOUN
faba-150	1	70	paper	paper	NOUN
faba-150	1	71	is	be	AUX
faba-150	1	72	to	to	PART
faba-150	1	73	discuss	discuss	VERB
faba-150	1	74	the	the	DET
faba-150	1	75	approaches	approach	NOUN
faba-150	1	76	,	,	PUNCT
faba-150	1	77	methods	method	NOUN
faba-150	1	78	and	and	CCONJ
faba-150	1	79	models	model	NOUN
faba-150	1	80	used	use	VERB
faba-150	1	81	for	for	ADP
faba-150	1	82	the	the	DET
faba-150	1	83	valuation	valuation	NOUN
faba-150	1	84	of	of	ADP
faba-150	1	85	companies	company	NOUN
faba-150	1	86	.	.	PUNCT
faba-150	2	1	the	the	DET
faba-150	2	2	valuation	valuation	NOUN
faba-150	2	3	of	of	ADP
faba-150	2	4	companies	company	NOUN
faba-150	2	5	is	be	AUX
faba-150	2	6	a	a	DET
faba-150	2	7	serious	serious	ADJ
faba-150	2	8	challenge	challenge	NOUN
faba-150	2	9	for	for	ADP
faba-150	2	10	financial	financial	ADJ
faba-150	2	11	analysts	analyst	NOUN
faba-150	2	12	and	and	CCONJ
faba-150	2	13	appraisers	appraiser	NOUN
faba-150	2	14	all	all	ADV
faba-150	2	15	over	over	ADP
faba-150	2	16	the	the	DET
faba-150	2	17	world	world	NOUN
faba-150	2	18	,	,	PUNCT
faba-150	2	19	due	due	ADP
faba-150	2	20	to	to	ADP
faba-150	2	21	the	the	DET
faba-150	2	22	fact	fact	NOUN
faba-150	2	23	that	that	SCONJ
faba-150	2	24	value	value	NOUN
faba-150	2	25	is	be	AUX
faba-150	2	26	invisible	invisible	ADJ
faba-150	2	27	and	and	CCONJ
faba-150	2	28	difficult	difficult	ADJ
faba-150	2	29	to	to	PART
faba-150	2	30	find	find	VERB
faba-150	2	31	.	.	PUNCT
faba-150	3	1	this	this	PRON
faba-150	3	2	is	be	AUX
faba-150	3	3	one	one	NUM
faba-150	3	4	of	of	ADP
faba-150	3	5	the	the	DET
faba-150	3	6	reasons	reason	NOUN
faba-150	3	7	for	for	ADP
faba-150	3	8	the	the	DET
faba-150	3	9	high	high	ADJ
faba-150	3	10	number	number	NOUN
faba-150	3	11	of	of	ADP
faba-150	3	12	methods	method	NOUN
faba-150	3	13	and	and	CCONJ
faba-150	3	14	models	model	NOUN
faba-150	3	15	developed	develop	VERB
faba-150	3	16	for	for	ADP
faba-150	3	17	this	this	DET
faba-150	3	18	purpose	purpose	NOUN
faba-150	3	19	,	,	PUNCT
faba-150	3	20	as	as	ADV
faba-150	3	21	well	well	ADV
faba-150	3	22	as	as	ADP
faba-150	3	23	the	the	DET
faba-150	3	24	many	many	ADJ
faba-150	3	25	different	different	ADJ
faba-150	3	26	classifications	classification	NOUN
faba-150	3	27	for	for	ADP
faba-150	3	28	them	they	PRON
faba-150	3	29	.	.	PUNCT
faba-150	4	1	one	one	NUM
faba-150	4	2	of	of	ADP
faba-150	4	3	the	the	DET
faba-150	4	4	challenges	challenge	NOUN
faba-150	4	5	is	be	AUX
faba-150	4	6	the	the	DET
faba-150	4	7	selection	selection	NOUN
faba-150	4	8	of	of	ADP
faba-150	4	9	the	the	DET
faba-150	4	10	appropriate	appropriate	ADJ
faba-150	4	11	combination	combination	NOUN
faba-150	4	12	of	of	ADP
faba-150	4	13	methods	method	NOUN
faba-150	4	14	.	.	PUNCT
faba-150	5	1	this	this	DET
faba-150	5	2	research	research	NOUN
faba-150	5	3	starts	start	VERB
faba-150	5	4	with	with	ADP
faba-150	5	5	an	an	DET
faba-150	5	6	overview	overview	NOUN
faba-150	5	7	of	of	ADP
faba-150	5	8	other	other	ADJ
faba-150	5	9	studies	study	NOUN
faba-150	5	10	about	about	ADP
faba-150	5	11	the	the	DET
faba-150	5	12	most	most	ADV
faba-150	5	13	preferred	preferred	ADJ
faba-150	5	14	valuation	valuation	NOUN
faba-150	5	15	methods	method	NOUN
faba-150	5	16	by	by	ADP
faba-150	5	17	certified	certified	ADJ
faba-150	5	18	financial	financial	ADJ
faba-150	5	19	analysts	analyst	NOUN
faba-150	5	20	in	in	ADP
faba-150	5	21	europe	europe	PROPN
faba-150	5	22	and	and	CCONJ
faba-150	5	23	the	the	DET
faba-150	5	24	world	world	NOUN
faba-150	5	25	as	as	ADP
faba-150	5	26	a	a	DET
faba-150	5	27	whole	whole	NOUN
faba-150	5	28	.	.	PUNCT
faba-150	6	1	the	the	DET
faba-150	6	2	studies	study	NOUN
faba-150	6	3	indicate	indicate	VERB
faba-150	6	4	that	that	SCONJ
faba-150	6	5	only	only	ADV
faba-150	6	6	few	few	ADJ
faba-150	6	7	methods	method	NOUN
faba-150	6	8	and	and	CCONJ
faba-150	6	9	models	model	NOUN
faba-150	6	10	are	be	AUX
faba-150	6	11	intensively	intensively	ADV
faba-150	6	12	used	use	VERB
faba-150	6	13	by	by	ADP
faba-150	6	14	analysts	analyst	NOUN
faba-150	6	15	.	.	PUNCT
faba-150	7	1	the	the	DET
faba-150	7	2	most	most	ADV
faba-150	7	3	preferred	preferred	ADJ
faba-150	7	4	and	and	CCONJ
faba-150	7	5	widely	widely	ADV
faba-150	7	6	used	use	VERB
faba-150	7	7	methods	method	NOUN
faba-150	7	8	by	by	ADP
faba-150	7	9	them	they	PRON
faba-150	7	10	are	be	AUX
faba-150	7	11	the	the	DET
faba-150	7	12	relative	relative	ADJ
faba-150	7	13	methods	method	NOUN
faba-150	7	14	,	,	PUNCT
faba-150	7	15	followed	follow	VERB
faba-150	7	16	by	by	ADP
faba-150	7	17	the	the	DET
faba-150	7	18	dcf	dcf	PROPN
faba-150	7	19	enterprise	enterprise	NOUN
faba-150	7	20	model	model	NOUN
faba-150	7	21	.	.	PUNCT
faba-150	8	1	a	a	DET
faba-150	8	2	survey	survey	NOUN
faba-150	8	3	was	be	AUX
faba-150	8	4	conducted	conduct	VERB
faba-150	8	5	by	by	ADP
faba-150	8	6	the	the	DET
faba-150	8	7	author	author	NOUN
faba-150	8	8	among	among	ADP
faba-150	8	9	actively	actively	ADV
faba-150	8	10	operating	operate	VERB
faba-150	8	11	certified	certify	VERB
faba-150	8	12	appraisers	appraiser	NOUN
faba-150	8	13	in	in	ADP
faba-150	8	14	bulgaria	bulgaria	PROPN
faba-150	8	15	.	.	PUNCT
faba-150	9	1	the	the	DET
faba-150	9	2	survey	survey	NOUN
faba-150	9	3	shows	show	VERB
faba-150	9	4	that	that	SCONJ
faba-150	9	5	,	,	PUNCT
faba-150	9	6	in	in	ADP
faba-150	9	7	general	general	ADJ
faba-150	9	8	,	,	PUNCT
faba-150	9	9	bulgarian	bulgarian	ADJ
faba-150	9	10	appraisers	appraiser	NOUN
faba-150	9	11	prefer	prefer	VERB
faba-150	9	12	and	and	CCONJ
faba-150	9	13	use	use	VERB
faba-150	9	14	mostly	mostly	ADV
faba-150	9	15	the	the	DET
faba-150	9	16	same	same	ADJ
faba-150	9	17	methods	method	NOUN
faba-150	9	18	that	that	PRON
faba-150	9	19	are	be	AUX
faba-150	9	20	used	use	VERB
faba-150	9	21	by	by	ADP
faba-150	9	22	financial	financial	ADJ
faba-150	9	23	analysts	analyst	NOUN
faba-150	9	24	in	in	ADP
faba-150	9	25	europe	europe	PROPN
faba-150	9	26	and	and	CCONJ
faba-150	9	27	other	other	ADJ
faba-150	9	28	international	international	ADJ
faba-150	9	29	markets	market	NOUN
faba-150	9	30	.	.	PUNCT
faba-150	10	1	still	still	ADV
faba-150	10	2	,	,	PUNCT
faba-150	10	3	there	there	PRON
faba-150	10	4	are	be	VERB
faba-150	10	5	some	some	DET
faba-150	10	6	curious	curious	ADJ
faba-150	10	7	differences	difference	NOUN
faba-150	10	8	–	–	PUNCT
faba-150	10	9	the	the	DET
faba-150	10	10	dcf	dcf	PROPN
faba-150	10	11	enterprise	enterprise	NOUN
faba-150	10	12	model	model	NOUN
faba-150	10	13	is	be	AUX
faba-150	10	14	again	again	ADV
faba-150	10	15	very	very	ADV
faba-150	10	16	intensively	intensively	ADV
faba-150	10	17	used	use	VERB
faba-150	10	18	,	,	PUNCT
faba-150	10	19	but	but	CCONJ
faba-150	10	20	the	the	DET
faba-150	10	21	confidence	confidence	NOUN
faba-150	10	22	in	in	ADP
faba-150	10	23	the	the	DET
faba-150	10	24	relative	relative	ADJ
faba-150	10	25	valuation	valuation	NOUN
faba-150	10	26	methods	method	NOUN
faba-150	10	27	,	,	PUNCT
faba-150	10	28	according	accord	VERB
faba-150	10	29	to	to	ADP
faba-150	10	30	respondents	respondent	NOUN
faba-150	10	31	,	,	PUNCT
faba-150	10	32	is	be	AUX
faba-150	10	33	very	very	ADV
faba-150	10	34	low	low	ADJ
faba-150	10	35	in	in	ADP
faba-150	10	36	bulgaria	bulgaria	PROPN
faba-150	10	37	.	.	PUNCT
faba-150	11	1	at	at	ADP
faba-150	11	2	the	the	DET
faba-150	11	3	same	same	ADJ
faba-150	11	4	time	time	NOUN
faba-150	11	5	,	,	PUNCT
faba-150	11	6	the	the	DET
faba-150	11	7	other	other	ADJ
faba-150	11	8	widely	widely	ADV
faba-150	11	9	applied	apply	VERB
faba-150	11	10	method	method	NOUN
faba-150	11	11	by	by	ADP
faba-150	11	12	appraisers	appraiser	NOUN
faba-150	11	13	in	in	ADP
faba-150	11	14	bulgaria	bulgaria	PROPN
faba-150	11	15	is	be	AUX
faba-150	11	16	the	the	DET
faba-150	11	17	net	net	ADJ
faba-150	11	18	asset	asset	NOUN
faba-150	11	19	value	value	NOUN
faba-150	11	20	(	(	PUNCT
faba-150	11	21	nav	nav	NOUN
faba-150	11	22	)	)	PUNCT
faba-150	11	23	method	method	NOUN
faba-150	11	24	,	,	PUNCT
faba-150	11	25	contrary	contrary	ADV
faba-150	11	26	to	to	ADP
faba-150	11	27	the	the	DET
faba-150	11	28	fact	fact	NOUN
faba-150	11	29	that	that	SCONJ
faba-150	11	30	they	they	PRON
faba-150	11	31	do	do	AUX
faba-150	11	32	not	not	PART
faba-150	11	33	particularly	particularly	ADV
faba-150	11	34	trust	trust	VERB
faba-150	11	35	it	it	PRON
faba-150	11	36	.	.	PUNCT
faba-150	12	1	keywords	keyword	NOUN
faba-150	12	2	:	:	PUNCT
faba-150	12	3	stock	stock	NOUN
faba-150	12	4	markets	market	NOUN
faba-150	12	5	,	,	PUNCT
faba-150	12	6	investing	investing	NOUN
faba-150	12	7	,	,	PUNCT
faba-150	12	8	speculating	speculating	NOUN
faba-150	12	9	,	,	PUNCT
faba-150	12	10	pe	pe	PROPN
faba-150	12	11	ratios	ratio	NOUN
faba-150	12	12	,	,	PUNCT
faba-150	12	13	fundamentals	fundamental	NOUN
faba-150	12	14	,	,	PUNCT
faba-150	12	15	stock	stock	NOUN
faba-150	12	16	market	market	NOUN
faba-150	12	17	bubble	bubble	NOUN
faba-150	12	18	jel	jel	PROPN
faba-150	12	19	:	:	PUNCT
faba-150	12	20	g30	g30	NOUN
faba-150	12	21	,	,	PUNCT
faba-150	12	22	g32	g32	NOUN
faba-150	12	23	*	*	PUNCT
faba-150	12	24	address	address	NOUN
faba-150	12	25	correspondence	correspondence	NOUN
faba-150	12	26	:	:	PUNCT
faba-150	12	27	e	e	X
faba-150	12	28	-	-	NOUN
faba-150	12	29	mail	mail	NOUN
faba-150	12	30	:	:	PUNCT
faba-150	12	31	dnenkov@unwe.eu	dnenkov@unwe.eu	PROPN
faba-150	12	32	mailto:dnenkov@unwe.eu	mailto:dnenkov@unwe.eu	PROPN
faba-150	12	33	dimiter	dimiter	NOUN
faba-150	12	34	nenkov	nenkov	PROPN
faba-150	12	35	/	/	SYM
faba-150	12	36	finance	finance	NOUN
faba-150	12	37	,	,	PUNCT
faba-150	12	38	accounting	accounting	NOUN
faba-150	12	39	and	and	CCONJ
faba-150	12	40	business	business	NOUN
faba-150	12	41	analysis	analysis	NOUN
faba-150	12	42	,	,	PUNCT
faba-150	12	43	volume	volume	NOUN
faba-150	12	44	5	5	NUM
faba-150	12	45	,	,	PUNCT
faba-150	12	46	issue	issue	NOUN
faba-150	12	47	1	1	NUM
faba-150	12	48	,	,	PUNCT
faba-150	12	49	2023	2023	NUM
faba-150	12	50	2	2	NUM
faba-150	12	51	introduction	introduction	NOUN
faba-150	12	52	determining	determine	VERB
faba-150	12	53	the	the	DET
faba-150	12	54	actual	actual	ADJ
faba-150	12	55	value	value	NOUN
faba-150	12	56	of	of	ADP
faba-150	12	57	companies	company	NOUN
faba-150	12	58	is	be	AUX
faba-150	12	59	a	a	DET
faba-150	12	60	real	real	ADJ
faba-150	12	61	challenge	challenge	NOUN
faba-150	12	62	and	and	CCONJ
faba-150	12	63	an	an	DET
faba-150	12	64	exercise	exercise	NOUN
faba-150	12	65	of	of	ADP
faba-150	12	66	increased	increase	VERB
faba-150	12	67	difficulty	difficulty	NOUN
faba-150	12	68	.	.	PUNCT
faba-150	13	1	the	the	DET
faba-150	13	2	reason	reason	NOUN
faba-150	13	3	is	be	AUX
faba-150	13	4	very	very	ADV
faba-150	13	5	simple	simple	ADJ
faba-150	13	6	–	–	PUNCT
faba-150	13	7	the	the	DET
faba-150	13	8	value	value	NOUN
faba-150	13	9	of	of	ADP
faba-150	13	10	an	an	DET
faba-150	13	11	enterprise	enterprise	NOUN
faba-150	13	12	is	be	AUX
faba-150	13	13	kind	kind	ADV
faba-150	13	14	of	of	ADV
faba-150	13	15	hidden	hidden	ADJ
faba-150	13	16	and	and	CCONJ
faba-150	13	17	invisible	invisible	ADJ
faba-150	13	18	.	.	PUNCT
faba-150	14	1	a	a	DET
faba-150	14	2	clear	clear	ADJ
faba-150	14	3	distinction	distinction	NOUN
faba-150	14	4	must	must	AUX
faba-150	14	5	be	be	AUX
faba-150	14	6	made	make	VERB
faba-150	14	7	between	between	ADP
faba-150	14	8	the	the	DET
faba-150	14	9	acquisition	acquisition	NOUN
faba-150	14	10	price	price	NOUN
faba-150	14	11	of	of	ADP
faba-150	14	12	an	an	DET
faba-150	14	13	asset	asset	NOUN
faba-150	14	14	and	and	CCONJ
faba-150	14	15	its	its	PRON
faba-150	14	16	actual	actual	ADJ
faba-150	14	17	value	value	NOUN
faba-150	14	18	.	.	PUNCT
faba-150	15	1	according	accord	VERB
faba-150	15	2	to	to	ADP
faba-150	15	3	benjamin	benjamin	PROPN
faba-150	15	4	graham	graham	PROPN
faba-150	15	5	and	and	CCONJ
faba-150	15	6	warren	warren	PROPN
faba-150	15	7	buffett	buffett	PROPN
faba-150	15	8	,	,	PUNCT
faba-150	15	9	"	"	PUNCT
faba-150	15	10	price	price	NOUN
faba-150	15	11	is	be	AUX
faba-150	15	12	what	what	PRON
faba-150	15	13	you	you	PRON
faba-150	15	14	pay	pay	VERB
faba-150	15	15	,	,	PUNCT
faba-150	15	16	value	value	NOUN
faba-150	15	17	is	be	AUX
faba-150	15	18	what	what	PRON
faba-150	15	19	you	you	PRON
faba-150	15	20	get	get	VERB
faba-150	15	21	.	.	PUNCT
faba-150	15	22	"	"	PUNCT
faba-150	16	1	(	(	PUNCT
faba-150	16	2	graham	graham	PROPN
faba-150	16	3	2006	2006	NUM
faba-150	16	4	;	;	PUNCT
faba-150	16	5	morris	morris	PROPN
faba-150	16	6	2009	2009	NUM
faba-150	16	7	)	)	PUNCT
faba-150	16	8	.	.	PUNCT
faba-150	17	1	the	the	DET
faba-150	17	2	fact	fact	NOUN
faba-150	17	3	that	that	SCONJ
faba-150	17	4	determining	determine	VERB
faba-150	17	5	value	value	NOUN
faba-150	17	6	is	be	AUX
faba-150	17	7	a	a	DET
faba-150	17	8	difficult	difficult	ADJ
faba-150	17	9	task	task	NOUN
faba-150	17	10	,	,	PUNCT
faba-150	17	11	is	be	AUX
faba-150	17	12	evident	evident	ADJ
faba-150	17	13	in	in	ADP
faba-150	17	14	the	the	DET
faba-150	17	15	very	very	ADJ
faba-150	17	16	definitions	definition	NOUN
faba-150	17	17	of	of	ADP
faba-150	17	18	value	value	NOUN
faba-150	17	19	used	use	VERB
faba-150	17	20	by	by	ADP
faba-150	17	21	appraisers	appraiser	NOUN
faba-150	17	22	and	and	CCONJ
faba-150	17	23	stock	stock	NOUN
faba-150	17	24	analysts	analyst	NOUN
faba-150	17	25	,	,	PUNCT
faba-150	17	26	as	as	ADV
faba-150	17	27	well	well	ADV
faba-150	17	28	as	as	ADP
faba-150	17	29	in	in	ADP
faba-150	17	30	valuation	valuation	NOUN
faba-150	17	31	standards	standard	NOUN
faba-150	17	32	(	(	PUNCT
faba-150	17	33	graham	graham	PROPN
faba-150	17	34	2006	2006	NUM
faba-150	17	35	;	;	PUNCT
faba-150	17	36	international	international	ADJ
faba-150	17	37	valuation	valuation	PROPN
faba-150	17	38	standards	standards	PROPN
faba-150	17	39	committee	committee	PROPN
faba-150	17	40	2001	2001	NUM
faba-150	17	41	;	;	PUNCT
faba-150	17	42	hitchner	hitchner	ADJ
faba-150	17	43	2017	2017	NUM
faba-150	17	44	,	,	PUNCT
faba-150	17	45	international	international	ADJ
faba-150	17	46	appraisal	appraisal	NOUN
faba-150	17	47	standards	standard	NOUN
faba-150	17	48	board	board	NOUN
faba-150	17	49	2020	2020	NUM
faba-150	17	50	)	)	PUNCT
faba-150	17	51	.	.	PUNCT
faba-150	18	1	it	it	PRON
faba-150	18	2	is	be	AUX
faba-150	18	3	not	not	PART
faba-150	18	4	by	by	ADP
faba-150	18	5	chance	chance	NOUN
faba-150	18	6	that	that	SCONJ
faba-150	18	7	these	these	DET
faba-150	18	8	definitions	definition	NOUN
faba-150	18	9	refer	refer	VERB
faba-150	18	10	us	we	PRON
faba-150	18	11	mainly	mainly	ADV
faba-150	18	12	to	to	ADP
faba-150	18	13	the	the	DET
faba-150	18	14	market	market	NOUN
faba-150	18	15	,	,	PUNCT
faba-150	18	16	which	which	PRON
faba-150	18	17	is	be	AUX
faba-150	18	18	considered	consider	VERB
faba-150	18	19	to	to	PART
faba-150	18	20	be	be	AUX
faba-150	18	21	the	the	DET
faba-150	18	22	only	only	ADJ
faba-150	18	23	one	one	NUM
faba-150	18	24	capable	capable	ADJ
faba-150	18	25	of	of	ADP
faba-150	18	26	determining	determine	VERB
faba-150	18	27	this	this	DET
faba-150	18	28	actual	actual	ADJ
faba-150	18	29	value	value	NOUN
faba-150	18	30	(	(	PUNCT
faba-150	18	31	zukin	zukin	NOUN
faba-150	18	32	1990	1990	NUM
faba-150	18	33	;	;	PUNCT
faba-150	18	34	hitchner	hitchner	ADJ
faba-150	18	35	2017	2017	NUM
faba-150	18	36	)	)	PUNCT
faba-150	18	37	.	.	PUNCT
faba-150	19	1	the	the	DET
faba-150	19	2	problem	problem	NOUN
faba-150	19	3	,	,	PUNCT
faba-150	19	4	however	however	ADV
faba-150	19	5	,	,	PUNCT
faba-150	19	6	is	be	AUX
faba-150	19	7	that	that	SCONJ
faba-150	19	8	the	the	DET
faba-150	19	9	stock	stock	NOUN
faba-150	19	10	market	market	NOUN
faba-150	19	11	itself	itself	PRON
faba-150	19	12	very	very	ADV
faba-150	19	13	often	often	ADV
faba-150	19	14	fails	fail	VERB
faba-150	19	15	in	in	ADP
faba-150	19	16	this	this	DET
faba-150	19	17	function	function	NOUN
faba-150	19	18	,	,	PUNCT
faba-150	19	19	and	and	CCONJ
faba-150	19	20	the	the	DET
faba-150	19	21	price	price	NOUN
faba-150	19	22	it	it	PRON
faba-150	19	23	determines	determine	VERB
faba-150	19	24	often	often	ADV
faba-150	19	25	deviates	deviate	VERB
faba-150	19	26	from	from	ADP
faba-150	19	27	the	the	DET
faba-150	19	28	actual	actual	ADJ
faba-150	19	29	value	value	NOUN
faba-150	19	30	of	of	ADP
faba-150	19	31	the	the	DET
faba-150	19	32	respective	respective	ADJ
faba-150	19	33	stocks	stock	NOUN
faba-150	19	34	and	and	CCONJ
faba-150	19	35	companies	company	NOUN
faba-150	19	36	(	(	PUNCT
faba-150	19	37	nenkov	nenkov	PROPN
faba-150	19	38	2021	2021	NUM
faba-150	19	39	)	)	PUNCT
faba-150	19	40	.	.	PUNCT
faba-150	20	1	appraisers	appraiser	NOUN
faba-150	20	2	are	be	AUX
faba-150	20	3	often	often	ADV
faba-150	20	4	not	not	PART
faba-150	20	5	fully	fully	ADV
faba-150	20	6	aware	aware	ADJ
faba-150	20	7	of	of	ADP
faba-150	20	8	what	what	PRON
faba-150	20	9	exactly	exactly	ADV
faba-150	20	10	they	they	PRON
faba-150	20	11	are	be	AUX
faba-150	20	12	looking	look	VERB
faba-150	20	13	for	for	ADP
faba-150	20	14	in	in	ADP
faba-150	20	15	the	the	DET
faba-150	20	16	specific	specific	ADJ
faba-150	20	17	appraisal	appraisal	NOUN
faba-150	20	18	task	task	NOUN
faba-150	20	19	the	the	DET
faba-150	20	20	actual	actual	ADJ
faba-150	20	21	value	value	NOUN
faba-150	20	22	,	,	PUNCT
faba-150	20	23	or	or	CCONJ
faba-150	20	24	rather	rather	ADV
faba-150	20	25	the	the	DET
faba-150	20	26	price	price	NOUN
faba-150	20	27	that	that	PRON
faba-150	20	28	would	would	AUX
faba-150	20	29	satisfy	satisfy	VERB
faba-150	20	30	the	the	DET
faba-150	20	31	wishes	wish	NOUN
faba-150	20	32	of	of	ADP
faba-150	20	33	the	the	DET
faba-150	20	34	appraisers	appraiser	NOUN
faba-150	20	35	and	and	CCONJ
faba-150	20	36	the	the	DET
faba-150	20	37	contracting	contracting	NOUN
faba-150	20	38	counterparties	counterpartie	NOUN
faba-150	20	39	.	.	PUNCT
faba-150	21	1	in	in	ADP
faba-150	21	2	this	this	DET
faba-150	21	3	regard	regard	NOUN
faba-150	21	4	,	,	PUNCT
faba-150	21	5	prof	prof	PROPN
faba-150	21	6	.	.	PUNCT
faba-150	21	7	damodaran	damodaran	PROPN
faba-150	21	8	asks	ask	VERB
faba-150	21	9	the	the	DET
faba-150	21	10	question	question	NOUN
faba-150	21	11	:	:	PUNCT
faba-150	21	12	"	"	PUNCT
faba-150	21	13	what	what	PRON
faba-150	21	14	are	be	AUX
faba-150	21	15	we	we	PRON
faba-150	21	16	looking	look	VERB
faba-150	21	17	for	for	ADP
faba-150	21	18	in	in	ADP
faba-150	21	19	the	the	DET
faba-150	21	20	evaluation	evaluation	NOUN
faba-150	21	21	the	the	DET
faba-150	21	22	price	price	NOUN
faba-150	21	23	or	or	CCONJ
faba-150	21	24	the	the	DET
faba-150	21	25	value	value	NOUN
faba-150	21	26	?	?	PUNCT
faba-150	21	27	"	"	PUNCT
faba-150	22	1	(	(	PUNCT
faba-150	22	2	are	be	AUX
faba-150	22	3	we	we	PRON
faba-150	22	4	pricing	pricing	NOUN
faba-150	22	5	or	or	CCONJ
faba-150	22	6	valuing	value	VERB
faba-150	22	7	?	?	PUNCT
faba-150	22	8	)	)	PUNCT
faba-150	22	9	"	"	PUNCT
faba-150	22	10	(	(	PUNCT
faba-150	22	11	damodaran	damodaran	VERB
faba-150	22	12	2017	2017	NUM
faba-150	22	13	)	)	PUNCT
faba-150	22	14	.	.	PUNCT
faba-150	23	1	moreover	moreover	ADV
faba-150	23	2	,	,	PUNCT
faba-150	23	3	in	in	ADP
faba-150	23	4	reality	reality	NOUN
faba-150	23	5	it	it	PRON
faba-150	23	6	turns	turn	VERB
faba-150	23	7	out	out	ADP
faba-150	23	8	that	that	SCONJ
faba-150	23	9	a	a	DET
faba-150	23	10	company	company	NOUN
faba-150	23	11	can	can	AUX
faba-150	23	12	have	have	VERB
faba-150	23	13	different	different	ADJ
faba-150	23	14	values	value	NOUN
faba-150	23	15	at	at	ADP
faba-150	23	16	the	the	DET
faba-150	23	17	same	same	ADJ
faba-150	23	18	moment	moment	NOUN
faba-150	23	19	,	,	PUNCT
faba-150	23	20	which	which	PRON
faba-150	23	21	can	can	AUX
faba-150	23	22	be	be	AUX
faba-150	23	23	illustrated	illustrate	VERB
faba-150	23	24	by	by	ADP
faba-150	23	25	the	the	DET
faba-150	23	26	“	"	PUNCT
faba-150	23	27	hexagon	hexagon	NOUN
faba-150	23	28	”	"	PUNCT
faba-150	23	29	figure	figure	NOUN
faba-150	23	30	of	of	ADP
faba-150	23	31	copeland	copeland	PROPN
faba-150	23	32	,	,	PUNCT
faba-150	23	33	murrin	murrin	NOUN
faba-150	23	34	and	and	CCONJ
faba-150	23	35	koller	koller	PROPN
faba-150	23	36	(	(	PUNCT
faba-150	23	37	copeland	copeland	PROPN
faba-150	23	38	et	et	PROPN
faba-150	23	39	.	.	PUNCT
faba-150	24	1	all	all	PRON
faba-150	24	2	.	.	PUNCT
faba-150	25	1	2000	2000	NUM
faba-150	25	2	)	)	PUNCT
faba-150	25	3	.	.	PUNCT
faba-150	26	1	the	the	DET
faba-150	26	2	prominent	prominent	ADJ
faba-150	26	3	difficulties	difficulty	NOUN
faba-150	26	4	associated	associate	VERB
faba-150	26	5	with	with	ADP
faba-150	26	6	determining	determine	VERB
faba-150	26	7	the	the	DET
faba-150	26	8	value	value	NOUN
faba-150	26	9	of	of	ADP
faba-150	26	10	common	common	ADJ
faba-150	26	11	stock	stock	NOUN
faba-150	26	12	lead	lead	NOUN
faba-150	26	13	to	to	ADP
faba-150	26	14	the	the	DET
faba-150	26	15	fact	fact	NOUN
faba-150	26	16	that	that	SCONJ
faba-150	26	17	none	none	NOUN
faba-150	26	18	of	of	ADP
faba-150	26	19	the	the	DET
faba-150	26	20	established	establish	VERB
faba-150	26	21	valuation	valuation	NOUN
faba-150	26	22	methods	method	NOUN
faba-150	26	23	and	and	CCONJ
faba-150	26	24	models	model	NOUN
faba-150	26	25	are	be	AUX
faba-150	26	26	sufficiently	sufficiently	ADV
faba-150	26	27	reliable	reliable	ADJ
faba-150	26	28	and	and	CCONJ
faba-150	26	29	definitive	definitive	ADJ
faba-150	26	30	in	in	ADP
faba-150	26	31	determining	determine	VERB
faba-150	26	32	the	the	DET
faba-150	26	33	value	value	NOUN
faba-150	26	34	.	.	PUNCT
faba-150	27	1	this	this	PRON
faba-150	27	2	has	have	AUX
faba-150	27	3	led	lead	VERB
faba-150	27	4	to	to	ADP
faba-150	27	5	the	the	DET
faba-150	27	6	development	development	NOUN
faba-150	27	7	of	of	ADP
faba-150	27	8	many	many	ADJ
faba-150	27	9	different	different	ADJ
faba-150	27	10	methods	method	NOUN
faba-150	27	11	and	and	CCONJ
faba-150	27	12	models	model	NOUN
faba-150	27	13	that	that	PRON
faba-150	27	14	exist	exist	VERB
faba-150	27	15	and	and	CCONJ
faba-150	27	16	are	be	AUX
faba-150	27	17	used	use	VERB
faba-150	27	18	in	in	ADP
faba-150	27	19	practice	practice	NOUN
faba-150	27	20	.	.	PUNCT
faba-150	28	1	thus	thus	ADV
faba-150	28	2	,	,	PUNCT
faba-150	28	3	one	one	NUM
faba-150	28	4	of	of	ADP
faba-150	28	5	the	the	DET
faba-150	28	6	challenges	challenge	NOUN
faba-150	28	7	for	for	ADP
faba-150	28	8	analysts	analyst	NOUN
faba-150	28	9	and	and	CCONJ
faba-150	28	10	valuers	valuer	NOUN
faba-150	28	11	is	be	AUX
faba-150	28	12	the	the	DET
faba-150	28	13	selection	selection	NOUN
faba-150	28	14	of	of	ADP
faba-150	28	15	the	the	DET
faba-150	28	16	appropriate	appropriate	ADJ
faba-150	28	17	valuation	valuation	NOUN
faba-150	28	18	methods	method	NOUN
faba-150	28	19	.	.	PUNCT
faba-150	29	1	according	accord	VERB
faba-150	29	2	to	to	ADP
faba-150	29	3	prof	prof	PROPN
faba-150	29	4	.	.	PROPN
faba-150	29	5	damodaran	damodaran	PROPN
faba-150	29	6	,	,	PUNCT
faba-150	29	7	the	the	DET
faba-150	29	8	problem	problem	NOUN
faba-150	29	9	in	in	ADP
faba-150	29	10	valuation	valuation	NOUN
faba-150	29	11	is	be	AUX
faba-150	29	12	not	not	PART
faba-150	29	13	the	the	DET
faba-150	29	14	lack	lack	NOUN
faba-150	29	15	of	of	ADP
faba-150	29	16	valuation	valuation	NOUN
faba-150	29	17	methods	method	NOUN
faba-150	29	18	,	,	PUNCT
faba-150	29	19	the	the	DET
faba-150	29	20	problem	problem	NOUN
faba-150	29	21	is	be	AUX
faba-150	29	22	that	that	SCONJ
faba-150	29	23	they	they	PRON
faba-150	29	24	are	be	AUX
faba-150	29	25	too	too	ADV
faba-150	29	26	many	many	ADJ
faba-150	29	27	(	(	PUNCT
faba-150	29	28	damodaran	damodaran	VERB
faba-150	29	29	2012	2012	NUM
faba-150	29	30	)	)	PUNCT
faba-150	29	31	.	.	PUNCT
faba-150	30	1	the	the	DET
faba-150	30	2	classifications	classification	NOUN
faba-150	30	3	of	of	ADP
faba-150	30	4	approaches	approach	NOUN
faba-150	30	5	,	,	PUNCT
faba-150	30	6	methods	method	NOUN
faba-150	30	7	and	and	CCONJ
faba-150	30	8	models	model	NOUN
faba-150	30	9	for	for	ADP
faba-150	30	10	evaluating	evaluate	VERB
faba-150	30	11	enterprises	enterprise	NOUN
faba-150	30	12	are	be	AUX
faba-150	30	13	also	also	ADV
faba-150	30	14	very	very	ADV
faba-150	30	15	different	different	ADJ
faba-150	30	16	and	and	CCONJ
faba-150	30	17	numerous	numerous	ADJ
faba-150	30	18	(	(	PUNCT
faba-150	30	19	zukin	zukin	NOUN
faba-150	30	20	1990	1990	NUM
faba-150	30	21	;	;	PUNCT
faba-150	30	22	damodaran	damodaran	VERB
faba-150	30	23	2012	2012	NUM
faba-150	30	24	;	;	PUNCT
faba-150	30	25	copeland	copeland	PROPN
faba-150	30	26	and	and	CCONJ
faba-150	30	27	antikarov	antikarov	PROPN
faba-150	30	28	2008	2008	NUM
faba-150	30	29	;	;	PUNCT
faba-150	30	30	kassarova	kassarova	PROPN
faba-150	30	31	2008	2008	NUM
faba-150	30	32	)	)	PUNCT
faba-150	30	33	.	.	PUNCT
faba-150	31	1	regardless	regardless	ADV
faba-150	31	2	of	of	ADP
faba-150	31	3	this	this	DET
faba-150	31	4	diversity	diversity	NOUN
faba-150	31	5	,	,	PUNCT
faba-150	31	6	however	however	ADV
faba-150	31	7	,	,	PUNCT
faba-150	31	8	they	they	PRON
faba-150	31	9	all	all	PRON
faba-150	31	10	have	have	VERB
faba-150	31	11	some	some	DET
faba-150	31	12	recurring	recur	VERB
faba-150	31	13	,	,	PUNCT
faba-150	31	14	common	common	ADJ
faba-150	31	15	characteristics	characteristic	NOUN
faba-150	31	16	that	that	PRON
faba-150	31	17	outline	outline	VERB
faba-150	31	18	the	the	DET
faba-150	31	19	three	three	NUM
faba-150	31	20	main	main	ADJ
faba-150	31	21	approaches	approach	NOUN
faba-150	31	22	for	for	ADP
faba-150	31	23	extracting	extract	VERB
faba-150	31	24	enterprise	enterprise	NOUN
faba-150	31	25	value	value	NOUN
faba-150	31	26	.	.	PUNCT
faba-150	32	1	these	these	PRON
faba-150	32	2	are	be	AUX
faba-150	32	3	(	(	PUNCT
faba-150	32	4	international	international	ADJ
faba-150	32	5	appraisal	appraisal	NOUN
faba-150	32	6	standards	standard	NOUN
faba-150	32	7	board	board	NOUN
faba-150	32	8	2020	2020	NUM
faba-150	32	9	;	;	PUNCT
faba-150	32	10	hitchner	hitchner	ADJ
faba-150	32	11	2017	2017	NUM
faba-150	32	12	):	):	PUNCT
faba-150	32	13			PRON
faba-150	32	14	asset	asset	NOUN
faba-150	32	15	-	-	PUNCT
faba-150	32	16	based	base	VERB
faba-150	32	17	approach	approach	NOUN
faba-150	32	18	;	;	PUNCT
faba-150	32	19			DET
faba-150	32	20	income	income	NOUN
faba-150	32	21	-	-	PUNCT
faba-150	32	22	based	base	VERB
faba-150	32	23	approach	approach	NOUN
faba-150	32	24	;	;	PUNCT
faba-150	32	25			NOUN
faba-150	32	26	market	market	NOUN
faba-150	32	27	approach	approach	NOUN
faba-150	32	28	.	.	PUNCT
faba-150	33	1	the	the	DET
faba-150	33	2	international	international	ADJ
faba-150	33	3	valuation	valuation	NOUN
faba-150	33	4	standards	standard	NOUN
faba-150	33	5	refer	refer	VERB
faba-150	33	6	to	to	ADP
faba-150	33	7	the	the	DET
faba-150	33	8	same	same	ADJ
faba-150	33	9	three	three	NUM
faba-150	33	10	main	main	ADJ
faba-150	33	11	approaches	approach	NOUN
faba-150	33	12	in	in	ADP
faba-150	33	13	the	the	DET
faba-150	33	14	valuation	valuation	NOUN
faba-150	33	15	activity	activity	NOUN
faba-150	33	16	,	,	PUNCT
faba-150	33	17	although	although	SCONJ
faba-150	33	18	with	with	ADP
faba-150	33	19	some	some	DET
faba-150	33	20	slight	slight	ADJ
faba-150	33	21	differences	difference	NOUN
faba-150	33	22	in	in	ADP
faba-150	33	23	their	their	PRON
faba-150	33	24	names	name	NOUN
faba-150	33	25	(	(	PUNCT
faba-150	33	26	international	international	ADJ
faba-150	33	27	appraisal	appraisal	NOUN
faba-150	33	28	standards	standard	NOUN
faba-150	33	29	board	board	NOUN
faba-150	33	30	2020	2020	NUM
faba-150	33	31	;	;	PUNCT
faba-150	33	32	international	international	ADJ
faba-150	33	33	valuation	valuation	NOUN
faba-150	33	34	standards	standard	NOUN
faba-150	33	35	council	council	PROPN
faba-150	33	36	2011	2011	NUM
faba-150	33	37	)	)	PUNCT
faba-150	33	38	.	.	PUNCT
faba-150	34	1	each	each	DET
faba-150	34	2	one	one	NUM
faba-150	34	3	of	of	ADP
faba-150	34	4	the	the	DET
faba-150	34	5	approaches	approach	NOUN
faba-150	34	6	has	have	VERB
faba-150	34	7	its	its	PRON
faba-150	34	8	advantages	advantage	NOUN
faba-150	34	9	and	and	CCONJ
faba-150	34	10	disadvantages	disadvantage	NOUN
faba-150	34	11	,	,	PUNCT
faba-150	34	12	each	each	DET
faba-150	34	13	one	one	NOUN
faba-150	34	14	is	be	AUX
faba-150	34	15	accompanied	accompany	VERB
faba-150	34	16	by	by	ADP
faba-150	34	17	certain	certain	ADJ
faba-150	34	18	limitations	limitation	NOUN
faba-150	34	19	and	and	CCONJ
faba-150	34	20	difficulties	difficulty	NOUN
faba-150	34	21	,	,	PUNCT
faba-150	34	22	which	which	PRON
faba-150	34	23	ultimately	ultimately	ADV
faba-150	34	24	call	call	VERB
faba-150	34	25	into	into	ADP
faba-150	34	26	question	question	NOUN
faba-150	34	27	the	the	DET
faba-150	34	28	reliability	reliability	NOUN
faba-150	34	29	of	of	ADP
faba-150	34	30	the	the	DET
faba-150	34	31	final	final	ADJ
faba-150	34	32	result	result	NOUN
faba-150	34	33	of	of	ADP
faba-150	34	34	the	the	DET
faba-150	34	35	valuation	valuation	NOUN
faba-150	34	36	the	the	DET
faba-150	34	37	calculated	calculate	VERB
faba-150	34	38	value	value	NOUN
faba-150	34	39	.	.	PUNCT
faba-150	35	1	each	each	PRON
faba-150	35	2	of	of	ADP
faba-150	35	3	the	the	DET
faba-150	35	4	approaches	approach	NOUN
faba-150	35	5	is	be	AUX
faba-150	35	6	implemented	implement	VERB
faba-150	35	7	through	through	ADP
faba-150	35	8	a	a	DET
faba-150	35	9	set	set	NOUN
faba-150	35	10	of	of	ADP
faba-150	35	11	specific	specific	ADJ
faba-150	35	12	valuation	valuation	NOUN
faba-150	35	13	methods	method	NOUN
faba-150	35	14	and	and	CCONJ
faba-150	35	15	models	model	NOUN
faba-150	35	16	.	.	PUNCT
faba-150	36	1	the	the	DET
faba-150	36	2	main	main	ADJ
faba-150	36	3	methods	method	NOUN
faba-150	36	4	of	of	ADP
faba-150	36	5	the	the	DET
faba-150	36	6	asset	asset	NOUN
faba-150	36	7	-	-	PUNCT
faba-150	36	8	based	base	VERB
faba-150	36	9	approach	approach	NOUN
faba-150	36	10	,	,	PUNCT
faba-150	36	11	are	be	AUX
faba-150	36	12	net	net	ADJ
faba-150	36	13	asset	asset	NOUN
faba-150	36	14	value	value	NOUN
faba-150	36	15	(	(	PUNCT
faba-150	36	16	nav	nav	NOUN
faba-150	36	17	)	)	PUNCT
faba-150	36	18	and	and	CCONJ
faba-150	36	19	liquidation	liquidation	NOUN
faba-150	36	20	value	value	NOUN
faba-150	36	21	.	.	PUNCT
faba-150	37	1	from	from	ADP
faba-150	37	2	the	the	DET
faba-150	37	3	income	income	NOUN
faba-150	37	4	-	-	PUNCT
faba-150	37	5	based	base	VERB
faba-150	37	6	approach	approach	NOUN
faba-150	37	7	,	,	PUNCT
faba-150	37	8	the	the	DET
faba-150	37	9	best	well	ADV
faba-150	37	10	-	-	PUNCT
faba-150	37	11	known	know	VERB
faba-150	37	12	modern	modern	ADJ
faba-150	37	13	models	model	NOUN
faba-150	37	14	include	include	VERB
faba-150	37	15	:	:	PUNCT
faba-150	37	16	(	(	PUNCT
faba-150	37	17	reilly	reilly	ADV
faba-150	37	18	and	and	CCONJ
faba-150	37	19	brown	brown	ADJ
faba-150	37	20	2003	2003	NUM
faba-150	37	21	)	)	PUNCT
faba-150	37	22	discounted	discount	VERB
faba-150	37	23	dividend	dividend	NOUN
faba-150	37	24	model	model	NOUN
faba-150	37	25	(	(	PUNCT
faba-150	37	26	ddm	ddm	PROPN
faba-150	37	27	)	)	PUNCT
faba-150	37	28	,	,	PUNCT
faba-150	37	29	dcf	dcf	PROPN
faba-150	37	30	equity	equity	PROPN
faba-150	37	31	valuation	valuation	PROPN
faba-150	37	32	model	model	PROPN
faba-150	37	33	,	,	PUNCT
faba-150	37	34	dcf	dcf	PROPN
faba-150	37	35	enterprise	enterprise	PROPN
faba-150	37	36	valuation	valuation	NOUN
faba-150	37	37	model	model	NOUN
faba-150	37	38	,	,	PUNCT
faba-150	37	39	economic	economic	ADJ
faba-150	37	40	value	value	NOUN
faba-150	37	41	added	add	VERB
faba-150	37	42	model	model	NOUN
faba-150	37	43	(	(	PUNCT
faba-150	37	44	also	also	ADV
faba-150	37	45	known	know	VERB
faba-150	37	46	as	as	ADP
faba-150	37	47	excess	excess	ADJ
faba-150	37	48	return	return	NOUN
faba-150	37	49	model	model	NOUN
faba-150	37	50	or	or	CCONJ
faba-150	37	51	residual	residual	ADJ
faba-150	37	52	income	income	NOUN
faba-150	37	53	model	model	NOUN
faba-150	37	54	)	)	PUNCT
faba-150	37	55	(	(	PUNCT
faba-150	37	56	cs	cs	PROPN
faba-150	37	57	first	first	PROPN
faba-150	37	58	boston	boston	PROPN
faba-150	37	59	1996	1996	NUM
faba-150	37	60	;	;	PUNCT
faba-150	37	61	pinto	pinto	NOUN
faba-150	37	62	et	et	PROPN
faba-150	37	63	al	al	PROPN
faba-150	37	64	.	.	PROPN
faba-150	37	65	2019	2019	NUM
faba-150	37	66	)	)	PUNCT
faba-150	37	67	,	,	PUNCT
faba-150	37	68	adjusted	adjust	VERB
faba-150	37	69	present	present	ADJ
faba-150	37	70	value	value	NOUN
faba-150	37	71	(	(	PUNCT
faba-150	37	72	apv	apv	PROPN
faba-150	37	73	)	)	PUNCT
faba-150	37	74	model	model	NOUN
faba-150	37	75	(	(	PUNCT
faba-150	37	76	damodaran	damodaran	VERB
faba-150	37	77	2002	2002	NUM
faba-150	37	78	)	)	PUNCT
faba-150	37	79	,	,	PUNCT
faba-150	37	80	models	model	NOUN
faba-150	37	81	based	base	VERB
faba-150	37	82	on	on	ADP
faba-150	37	83	the	the	DET
faba-150	37	84	valuation	valuation	NOUN
faba-150	37	85	of	of	ADP
faba-150	37	86	real	real	ADJ
faba-150	37	87	options	option	NOUN
faba-150	37	88	(	(	PUNCT
faba-150	37	89	copeland	copeland	PROPN
faba-150	37	90	et	et	PROPN
faba-150	37	91	al	al	PROPN
faba-150	37	92	.	.	PROPN
faba-150	37	93	2000	2000	NUM
faba-150	37	94	)	)	PUNCT
faba-150	37	95	.	.	PUNCT
faba-150	38	1	the	the	DET
faba-150	38	2	market	market	NOUN
faba-150	38	3	valuation	valuation	NOUN
faba-150	38	4	approach	approach	NOUN
faba-150	38	5	involves	involve	VERB
faba-150	38	6	various	various	ADJ
faba-150	38	7	specific	specific	ADJ
faba-150	38	8	methods	method	NOUN
faba-150	38	9	.	.	PUNCT
faba-150	39	1	depending	depend	VERB
faba-150	39	2	on	on	ADP
faba-150	39	3	where	where	SCONJ
faba-150	39	4	the	the	DET
faba-150	39	5	market	market	NOUN
faba-150	39	6	multipliers	multiplier	NOUN
faba-150	39	7	(	(	PUNCT
faba-150	39	8	ratios	ratio	NOUN
faba-150	39	9	)	)	PUNCT
faba-150	39	10	,	,	PUNCT
faba-150	39	11	needed	need	VERB
faba-150	39	12	for	for	ADP
faba-150	39	13	the	the	DET
faba-150	39	14	evaluation	evaluation	NOUN
faba-150	39	15	,	,	PUNCT
faba-150	39	16	are	be	AUX
faba-150	39	17	taken	take	VERB
faba-150	39	18	from	from	ADP
faba-150	39	19	,	,	PUNCT
faba-150	39	20	two	two	NUM
faba-150	39	21	methods	method	NOUN
faba-150	39	22	are	be	AUX
faba-150	39	23	distinguished	distinguish	VERB
faba-150	39	24	:	:	PUNCT
faba-150	39	25	capital	capital	NOUN
faba-150	39	26	market	market	NOUN
faba-150	39	27	method	method	NOUN
faba-150	39	28	and	and	CCONJ
faba-150	39	29	transactions	transaction	NOUN
faba-150	39	30	method	method	NOUN
faba-150	39	31	.	.	PUNCT
faba-150	40	1	depending	depend	VERB
faba-150	40	2	on	on	ADP
faba-150	40	3	the	the	DET
faba-150	40	4	market	market	NOUN
faba-150	40	5	ratio	ratio	NOUN
faba-150	40	6	used	use	VERB
faba-150	40	7	,	,	PUNCT
faba-150	40	8	the	the	DET
faba-150	40	9	methods	method	NOUN
faba-150	40	10	include	include	VERB
faba-150	40	11	:	:	PUNCT
faba-150	40	12			NOUN
faba-150	40	13	price	price	NOUN
faba-150	40	14	to	to	ADP
faba-150	40	15	earnings	earning	NOUN
faba-150	40	16	(	(	PUNCT
faba-150	40	17	pe	pe	NOUN
faba-150	40	18	)	)	PUNCT
faba-150	40	19	method	method	NOUN
faba-150	40	20	;	;	PUNCT
faba-150	40	21			NOUN
faba-150	40	22	price	price	NOUN
faba-150	40	23	to	to	ADP
faba-150	40	24	book	book	NOUN
faba-150	40	25	value	value	NOUN
faba-150	40	26	(	(	PUNCT
faba-150	40	27	p	p	NOUN
faba-150	40	28	/	/	SYM
faba-150	40	29	bv	bv	NOUN
faba-150	40	30	)	)	PUNCT
faba-150	40	31	method	method	NOUN
faba-150	40	32	;	;	PUNCT
faba-150	40	33			NOUN
faba-150	40	34	price	price	NOUN
faba-150	40	35	to	to	ADP
faba-150	40	36	sales	sale	NOUN
faba-150	40	37	(	(	PUNCT
faba-150	40	38	p	p	X
faba-150	40	39	/	/	SYM
faba-150	40	40	s	s	NOUN
faba-150	40	41	)	)	PUNCT
faba-150	40	42	method	method	NOUN
faba-150	40	43	;	;	PUNCT
faba-150	40	44			NOUN
faba-150	40	45	price	price	NOUN
faba-150	40	46	to	to	ADP
faba-150	40	47	cash	cash	NOUN
faba-150	40	48	flow	flow	NOUN
faba-150	40	49	(	(	PUNCT
faba-150	40	50	p	p	NOUN
faba-150	40	51	/	/	SYM
faba-150	40	52	cf	cf	NOUN
faba-150	40	53	)	)	PUNCT
faba-150	40	54	method	method	NOUN
faba-150	40	55	;	;	PUNCT
faba-150	40	56			NOUN
faba-150	40	57	price	price	NOUN
faba-150	40	58	to	to	PART
faba-150	40	59	free	free	ADJ
faba-150	40	60	cash	cash	NOUN
faba-150	40	61	flow	flow	NOUN
faba-150	40	62	(	(	PUNCT
faba-150	40	63	p	p	NOUN
faba-150	40	64	/	/	SYM
faba-150	40	65	fcf	fcf	NOUN
faba-150	40	66	)	)	PUNCT
faba-150	40	67	method	method	NOUN
faba-150	40	68	;	;	PUNCT
faba-150	40	69			NOUN
faba-150	40	70	price	price	NOUN
faba-150	40	71	to	to	PART
faba-150	40	72	dividend	dividend	VERB
faba-150	40	73	method	method	NOUN
faba-150	40	74	(	(	PUNCT
faba-150	40	75	p	p	X
faba-150	40	76	/	/	SYM
faba-150	40	77	div	div	PROPN
faba-150	40	78	)	)	PUNCT
faba-150	40	79	;	;	PUNCT
faba-150	40	80			NOUN
faba-150	40	81	enterprise	enterprise	NOUN
faba-150	40	82	value	value	NOUN
faba-150	40	83	/	/	SYM
faba-150	40	84	ebit	ebit	NOUN
faba-150	40	85	method	method	NOUN
faba-150	40	86	(	(	PUNCT
faba-150	40	87	ev	ev	INTJ
faba-150	40	88	/ebit	/ebit	PROPN
faba-150	40	89	)	)	PUNCT
faba-150	40	90	;	;	PUNCT
faba-150	40	91			NOUN
faba-150	40	92	enterprise	enterprise	NOUN
faba-150	40	93	value	value	NOUN
faba-150	40	94	/	/	SYM
faba-150	40	95	ebitda	ebitda	NOUN
faba-150	40	96	method	method	NOUN
faba-150	40	97	(	(	PUNCT
faba-150	40	98	ev	ev	PROPN
faba-150	40	99	/	/	SYM
faba-150	40	100	ebitda	ebitda	NOUN
faba-150	40	101	)	)	PUNCT
faba-150	40	102	;	;	PUNCT
faba-150	40	103			NOUN
faba-150	40	104	enterprise	enterprise	NOUN
faba-150	40	105	value	value	NOUN
faba-150	40	106	/	/	SYM
faba-150	40	107	sales	sale	NOUN
faba-150	40	108	method	method	NOUN
faba-150	40	109	(	(	PUNCT
faba-150	40	110	ev	ev	NOUN
faba-150	40	111	/	/	SYM
faba-150	40	112	sales	sale	NOUN
faba-150	40	113	)	)	PUNCT
faba-150	40	114	;	;	PUNCT
faba-150	40	115			NOUN
faba-150	40	116	enterprise	enterprise	NOUN
faba-150	40	117	value	value	NOUN
faba-150	40	118	/	/	SYM
faba-150	40	119	assets	asset	NOUN
faba-150	40	120	method	method	NOUN
faba-150	40	121	(	(	PUNCT
faba-150	40	122	ev	ev	NOUN
faba-150	40	123	/	/	SYM
faba-150	40	124	assets	asset	NOUN
faba-150	40	125	)	)	PUNCT
faba-150	40	126	;	;	PUNCT
faba-150	41	1			PRON
faba-150	41	2	other	other	ADJ
faba-150	41	3	.	.	PUNCT
faba-150	42	1	dimiter	dimiter	NOUN
faba-150	42	2	nenkov	nenkov	PROPN
faba-150	42	3	/	/	SYM
faba-150	42	4	finance	finance	NOUN
faba-150	42	5	,	,	PUNCT
faba-150	42	6	accounting	accounting	NOUN
faba-150	42	7	and	and	CCONJ
faba-150	42	8	business	business	NOUN
faba-150	42	9	analysis	analysis	NOUN
faba-150	42	10	,	,	PUNCT
faba-150	42	11	volume	volume	NOUN
faba-150	42	12	5	5	NUM
faba-150	42	13	,	,	PUNCT
faba-150	42	14	issue	issue	NOUN
faba-150	42	15	1	1	NUM
faba-150	42	16	,	,	PUNCT
faba-150	42	17	2023	2023	NUM
faba-150	42	18	3	3	NUM
faba-150	42	19	studies	study	NOUN
faba-150	42	20	about	about	ADP
faba-150	42	21	the	the	DET
faba-150	42	22	valuation	valuation	NOUN
faba-150	42	23	methods	method	NOUN
faba-150	42	24	used	use	VERB
faba-150	42	25	by	by	ADP
faba-150	42	26	financial	financial	ADJ
faba-150	42	27	analysts	analyst	NOUN
faba-150	42	28	an	an	DET
faba-150	42	29	interesting	interesting	ADJ
faba-150	42	30	and	and	CCONJ
faba-150	42	31	very	very	ADV
faba-150	42	32	useful	useful	ADJ
faba-150	42	33	survey	survey	NOUN
faba-150	42	34	regarding	regard	VERB
faba-150	42	35	the	the	DET
faba-150	42	36	methods	method	NOUN
faba-150	42	37	used	use	VERB
faba-150	42	38	to	to	PART
faba-150	42	39	evaluate	evaluate	VERB
faba-150	42	40	companies	company	NOUN
faba-150	42	41	was	be	AUX
faba-150	42	42	conducted	conduct	VERB
faba-150	42	43	by	by	ADP
faba-150	42	44	frank	frank	ADJ
faba-150	42	45	bancel	bancel	PROPN
faba-150	42	46	and	and	CCONJ
faba-150	42	47	usha	usha	PROPN
faba-150	42	48	mittoo	mittoo	PROPN
faba-150	42	49	among	among	ADP
faba-150	42	50	356	356	NUM
faba-150	42	51	european	european	ADJ
faba-150	42	52	experts	expert	NOUN
faba-150	42	53	in	in	ADP
faba-150	42	54	company	company	NOUN
faba-150	42	55	valuation	valuation	NOUN
faba-150	42	56	(	(	PUNCT
faba-150	42	57	including	include	VERB
faba-150	42	58	portfolio	portfolio	NOUN
faba-150	42	59	managers	manager	NOUN
faba-150	42	60	,	,	PUNCT
faba-150	42	61	investment	investment	NOUN
faba-150	42	62	bankers	banker	NOUN
faba-150	42	63	,	,	PUNCT
faba-150	42	64	financial	financial	ADJ
faba-150	42	65	analysts	analyst	NOUN
faba-150	42	66	,	,	PUNCT
faba-150	42	67	etc	etc	X
faba-150	42	68	.	.	X
faba-150	42	69	)	)	PUNCT
faba-150	43	1	with	with	ADP
faba-150	43	2	cfa	cfa	PROPN
faba-150	43	3	certificate	certificate	NOUN
faba-150	43	4	or	or	CCONJ
faba-150	43	5	its	its	PRON
faba-150	43	6	professional	professional	ADJ
faba-150	43	7	equivalent	equivalent	NOUN
faba-150	43	8	.	.	PUNCT
faba-150	44	1	the	the	DET
faba-150	44	2	survey	survey	NOUN
faba-150	44	3	was	be	AUX
faba-150	44	4	conducted	conduct	VERB
faba-150	44	5	in	in	ADP
faba-150	44	6	2012	2012	NUM
faba-150	44	7	and	and	CCONJ
faba-150	44	8	published	publish	VERB
faba-150	44	9	in	in	ADP
faba-150	44	10	2014	2014	NUM
faba-150	44	11	,	,	PUNCT
faba-150	44	12	and	and	CCONJ
faba-150	44	13	gives	give	VERB
faba-150	44	14	a	a	DET
faba-150	44	15	fairly	fairly	ADV
faba-150	44	16	good	good	ADJ
faba-150	44	17	insight	insight	NOUN
faba-150	44	18	into	into	ADP
faba-150	44	19	the	the	DET
faba-150	44	20	most	most	ADV
faba-150	44	21	commonly	commonly	ADV
faba-150	44	22	used	use	VERB
faba-150	44	23	methods	method	NOUN
faba-150	44	24	for	for	ADP
faba-150	44	25	valuing	value	VERB
faba-150	44	26	companies	company	NOUN
faba-150	44	27	in	in	ADP
faba-150	44	28	europe	europe	PROPN
faba-150	44	29	.	.	PUNCT
faba-150	45	1	the	the	DET
faba-150	45	2	research	research	NOUN
faba-150	45	3	itself	itself	PRON
faba-150	45	4	is	be	AUX
faba-150	45	5	significantly	significantly	ADV
faba-150	45	6	more	more	ADV
faba-150	45	7	ambitious	ambitious	ADJ
faba-150	45	8	than	than	ADP
faba-150	45	9	establishing	establish	VERB
faba-150	45	10	preferred	preferred	ADJ
faba-150	45	11	methods	method	NOUN
faba-150	45	12	and	and	CCONJ
faba-150	45	13	models	model	NOUN
faba-150	45	14	for	for	ADP
faba-150	45	15	valuation	valuation	NOUN
faba-150	45	16	.	.	PUNCT
faba-150	46	1	the	the	DET
faba-150	46	2	authors	author	NOUN
faba-150	46	3	of	of	ADP
faba-150	46	4	the	the	DET
faba-150	46	5	study	study	NOUN
faba-150	46	6	focused	focus	VERB
faba-150	46	7	on	on	ADP
faba-150	46	8	the	the	DET
faba-150	46	9	following	follow	VERB
faba-150	46	10	four	four	NUM
faba-150	46	11	main	main	ADJ
faba-150	46	12	questions	question	NOUN
faba-150	46	13	(	(	PUNCT
faba-150	46	14	bancel	bancel	NOUN
faba-150	46	15	and	and	CCONJ
faba-150	46	16	mittoo	mittoo	NOUN
faba-150	46	17	2014	2014	NUM
faba-150	46	18	):	):	PUNCT
faba-150	46	19			NOUN
faba-150	46	20	which	which	DET
faba-150	46	21	valuation	valuation	NOUN
faba-150	46	22	models	model	NOUN
faba-150	46	23	are	be	AUX
faba-150	46	24	most	most	ADV
faba-150	46	25	popular	popular	ADJ
faba-150	46	26	among	among	ADP
faba-150	46	27	experts	expert	NOUN
faba-150	46	28	?	?	PUNCT
faba-150	46	29			X
faba-150	47	1	how	how	SCONJ
faba-150	47	2	do	do	AUX
faba-150	47	3	practitioners	practitioner	NOUN
faba-150	47	4	determine	determine	VERB
faba-150	47	5	the	the	DET
faba-150	47	6	input	input	NOUN
faba-150	47	7	variables	variable	NOUN
faba-150	47	8	needed	need	VERB
faba-150	47	9	for	for	ADP
faba-150	47	10	these	these	DET
faba-150	47	11	models	model	NOUN
faba-150	47	12	?	?	PUNCT
faba-150	48	1			PRON
faba-150	48	2	which	which	DET
faba-150	48	3	input	input	NOUN
faba-150	48	4	variables	variable	NOUN
faba-150	48	5	are	be	AUX
faba-150	48	6	easier	easy	ADJ
faba-150	48	7	to	to	PART
faba-150	48	8	determine	determine	VERB
faba-150	48	9	and	and	CCONJ
faba-150	48	10	which	which	PRON
faba-150	48	11	are	be	AUX
faba-150	48	12	more	more	ADV
faba-150	48	13	difficult	difficult	ADJ
faba-150	48	14	?	?	PUNCT
faba-150	49	1			PRON
faba-150	49	2	which	which	DET
faba-150	49	3	input	input	NOUN
faba-150	49	4	differences	difference	NOUN
faba-150	49	5	are	be	AUX
faba-150	49	6	more	more	ADV
faba-150	49	7	critical	critical	ADJ
faba-150	49	8	and	and	CCONJ
faba-150	49	9	which	which	PRON
faba-150	49	10	are	be	AUX
faba-150	49	11	less	less	ADV
faba-150	49	12	critical	critical	ADJ
faba-150	49	13	to	to	ADP
faba-150	49	14	the	the	DET
faba-150	49	15	valuation	valuation	NOUN
faba-150	49	16	?	?	PUNCT
faba-150	50	1	according	accord	VERB
faba-150	50	2	to	to	ADP
faba-150	50	3	the	the	DET
faba-150	50	4	authors	author	NOUN
faba-150	50	5	of	of	ADP
faba-150	50	6	the	the	DET
faba-150	50	7	study	study	NOUN
faba-150	50	8	,	,	PUNCT
faba-150	50	9	one	one	NUM
faba-150	50	10	of	of	ADP
faba-150	50	11	the	the	DET
faba-150	50	12	reasons	reason	NOUN
faba-150	50	13	for	for	ADP
faba-150	50	14	emphasizing	emphasize	VERB
faba-150	50	15	the	the	DET
faba-150	50	16	above	above	ADJ
faba-150	50	17	questions	question	NOUN
faba-150	50	18	is	be	AUX
faba-150	50	19	that	that	SCONJ
faba-150	50	20	the	the	DET
faba-150	50	21	theory	theory	NOUN
faba-150	50	22	provides	provide	VERB
faba-150	50	23	little	little	ADJ
faba-150	50	24	guidance	guidance	NOUN
faba-150	50	25	on	on	ADP
faba-150	50	26	determining	determine	VERB
faba-150	50	27	the	the	DET
faba-150	50	28	input	input	NOUN
faba-150	50	29	parameters	parameter	NOUN
faba-150	50	30	for	for	ADP
faba-150	50	31	the	the	DET
faba-150	50	32	evaluation	evaluation	NOUN
faba-150	50	33	.	.	PUNCT
faba-150	51	1	this	this	DET
faba-150	51	2	forces	force	NOUN
faba-150	51	3	practitioners	practitioner	NOUN
faba-150	51	4	to	to	PART
faba-150	51	5	make	make	VERB
faba-150	51	6	their	their	PRON
faba-150	51	7	own	own	ADJ
faba-150	51	8	assumptions	assumption	NOUN
faba-150	51	9	,	,	PUNCT
faba-150	51	10	which	which	PRON
faba-150	51	11	lead	lead	VERB
faba-150	51	12	to	to	ADP
faba-150	51	13	large	large	ADJ
faba-150	51	14	variations	variation	NOUN
faba-150	51	15	in	in	ADP
faba-150	51	16	valuation	valuation	NOUN
faba-150	51	17	.	.	PUNCT
faba-150	52	1	therefore	therefore	ADV
faba-150	52	2	,	,	PUNCT
faba-150	52	3	the	the	DET
faba-150	52	4	questions	question	NOUN
faba-150	52	5	are	be	AUX
faba-150	52	6	not	not	PART
faba-150	52	7	limited	limit	VERB
faba-150	52	8	to	to	PART
faba-150	52	9	which	which	DET
faba-150	52	10	models	model	NOUN
faba-150	52	11	are	be	AUX
faba-150	52	12	used	use	VERB
faba-150	52	13	,	,	PUNCT
faba-150	52	14	but	but	CCONJ
faba-150	52	15	also	also	ADV
faba-150	52	16	how	how	SCONJ
faba-150	52	17	they	they	PRON
faba-150	52	18	define	define	VERB
faba-150	52	19	each	each	DET
faba-150	52	20	component	component	NOUN
faba-150	52	21	in	in	ADP
faba-150	52	22	the	the	DET
faba-150	52	23	model	model	NOUN
faba-150	52	24	.	.	PUNCT
faba-150	53	1	in	in	ADP
faba-150	53	2	this	this	DET
faba-150	53	3	regard	regard	NOUN
faba-150	53	4	,	,	PUNCT
faba-150	53	5	they	they	PRON
faba-150	53	6	attempt	attempt	VERB
faba-150	53	7	to	to	PART
faba-150	53	8	encourage	encourage	VERB
faba-150	53	9	discussion	discussion	NOUN
faba-150	53	10	among	among	ADP
faba-150	53	11	scholars	scholar	NOUN
faba-150	53	12	and	and	CCONJ
faba-150	53	13	practitioners	practitioner	NOUN
faba-150	53	14	on	on	ADP
faba-150	53	15	how	how	SCONJ
faba-150	53	16	to	to	PART
faba-150	53	17	reduce	reduce	VERB
faba-150	53	18	these	these	DET
faba-150	53	19	gaps	gap	NOUN
faba-150	53	20	between	between	ADP
faba-150	53	21	valuation	valuation	NOUN
faba-150	53	22	theory	theory	NOUN
faba-150	53	23	and	and	CCONJ
faba-150	53	24	practice	practice	NOUN
faba-150	53	25	.	.	PUNCT
faba-150	54	1	the	the	DET
faba-150	54	2	total	total	ADJ
faba-150	54	3	number	number	NOUN
faba-150	54	4	of	of	ADP
faba-150	54	5	questions	question	NOUN
faba-150	54	6	in	in	ADP
faba-150	54	7	the	the	DET
faba-150	54	8	survey	survey	NOUN
faba-150	54	9	is	be	AUX
faba-150	54	10	50	50	NUM
faba-150	54	11	(	(	PUNCT
faba-150	54	12	bancel	bancel	NOUN
faba-150	54	13	,	,	PUNCT
faba-150	54	14	mittoo	mittoo	ADV
faba-150	54	15	,	,	PUNCT
faba-150	54	16	2014	2014	NUM
faba-150	54	17	)	)	PUNCT
faba-150	54	18	.	.	PUNCT
faba-150	55	1	the	the	DET
faba-150	55	2	questionnaire	questionnaire	NOUN
faba-150	55	3	includes	include	VERB
faba-150	55	4	a	a	DET
faba-150	55	5	total	total	NOUN
faba-150	55	6	of	of	ADP
faba-150	55	7	five	five	NUM
faba-150	55	8	important	important	ADJ
faba-150	55	9	topics	topic	NOUN
faba-150	55	10	(	(	PUNCT
faba-150	55	11	bancel	bancel	NOUN
faba-150	55	12	and	and	CCONJ
faba-150	55	13	mittoo	mittoo	NOUN
faba-150	55	14	2014	2014	NUM
faba-150	55	15	):	):	PUNCT
faba-150	55	16	1/	1/	NUM
faba-150	55	17	valuation	valuation	NOUN
faba-150	55	18	models	model	NOUN
faba-150	55	19	;	;	PUNCT
faba-150	55	20	2/	2/	NUM
faba-150	55	21	cost	cost	NOUN
faba-150	55	22	of	of	ADP
faba-150	55	23	capital	capital	NOUN
faba-150	55	24	;	;	PUNCT
faba-150	55	25	3/	3/	NUM
faba-150	55	26	dcf	dcf	NOUN
faba-150	55	27	approach	approach	NOUN
faba-150	55	28	(	(	PUNCT
faba-150	55	29	method	method	PROPN
faba-150	55	30	)	)	PUNCT
faba-150	55	31	;	;	PUNCT
faba-150	55	32	4/	4/	NUM
faba-150	55	33	the	the	DET
faba-150	55	34	relative	relative	ADJ
faba-150	55	35	valuation	valuation	NOUN
faba-150	55	36	approach	approach	NOUN
faba-150	55	37	and	and	CCONJ
faba-150	55	38	5/	5/	NUM
faba-150	55	39	advantages	advantage	NOUN
faba-150	55	40	and	and	CCONJ
faba-150	55	41	disadvantages	disadvantage	NOUN
faba-150	55	42	of	of	ADP
faba-150	55	43	valuation	valuation	NOUN
faba-150	55	44	methods	method	NOUN
faba-150	55	45	.	.	PUNCT
faba-150	56	1	the	the	DET
faba-150	56	2	share	share	NOUN
faba-150	56	3	of	of	ADP
faba-150	56	4	those	those	PRON
faba-150	56	5	who	who	PRON
faba-150	56	6	answered	answer	VERB
faba-150	56	7	the	the	DET
faba-150	56	8	questions	question	NOUN
faba-150	56	9	is	be	AUX
faba-150	56	10	about	about	ADV
faba-150	56	11	5	5	NUM
faba-150	56	12	%	%	NOUN
faba-150	56	13	.	.	PUNCT
faba-150	57	1	the	the	DET
faba-150	57	2	analysis	analysis	NOUN
faba-150	57	3	is	be	AUX
faba-150	57	4	limited	limit	VERB
faba-150	57	5	to	to	ADP
faba-150	57	6	the	the	DET
faba-150	57	7	356	356	NUM
faba-150	57	8	respondents	respondent	NOUN
faba-150	57	9	who	who	PRON
faba-150	57	10	answered	answer	VERB
faba-150	57	11	most	most	ADJ
faba-150	57	12	of	of	ADP
faba-150	57	13	the	the	DET
faba-150	57	14	survey	survey	NOUN
faba-150	57	15	questions	question	NOUN
faba-150	57	16	,	,	PUNCT
faba-150	57	17	and	and	CCONJ
faba-150	57	18	to	to	ADP
faba-150	57	19	8	8	NUM
faba-150	57	20	countries	country	NOUN
faba-150	57	21	with	with	ADP
faba-150	57	22	at	at	ADV
faba-150	57	23	least	least	ADV
faba-150	57	24	10	10	NUM
faba-150	57	25	respondents	respondent	NOUN
faba-150	57	26	.	.	PUNCT
faba-150	58	1	the	the	DET
faba-150	58	2	largest	large	ADJ
faba-150	58	3	share	share	NOUN
faba-150	58	4	of	of	ADP
faba-150	58	5	respondents	respondent	NOUN
faba-150	58	6	came	come	VERB
faba-150	58	7	from	from	ADP
faba-150	58	8	france	france	PROPN
faba-150	58	9	–	–	PUNCT
faba-150	58	10	36	36	NUM
faba-150	58	11	%	%	NOUN
faba-150	58	12	,	,	PUNCT
faba-150	58	13	followed	follow	VERB
faba-150	58	14	by	by	ADP
faba-150	58	15	the	the	DET
faba-150	58	16	united	united	PROPN
faba-150	58	17	kingdom	kingdom	PROPN
faba-150	58	18	–	–	PUNCT
faba-150	58	19	16	16	NUM
faba-150	58	20	%	%	NOUN
faba-150	58	21	,	,	PUNCT
faba-150	58	22	spain	spain	PROPN
faba-150	58	23	–	–	PUNCT
faba-150	58	24	13	13	NUM
faba-150	58	25	%	%	NOUN
faba-150	58	26	and	and	CCONJ
faba-150	58	27	switzerland	switzerland	NOUN
faba-150	58	28	–	–	PUNCT
faba-150	58	29	12	12	NUM
faba-150	58	30	%	%	NOUN
faba-150	58	31	.	.	PUNCT
faba-150	59	1	a	a	DET
faba-150	59	2	total	total	NOUN
faba-150	59	3	of	of	ADP
faba-150	59	4	13	13	NUM
faba-150	59	5	%	%	NOUN
faba-150	59	6	of	of	ADP
faba-150	59	7	responses	response	NOUN
faba-150	59	8	were	be	AUX
faba-150	59	9	received	receive	VERB
faba-150	59	10	from	from	ADP
faba-150	59	11	the	the	DET
faba-150	59	12	other	other	ADJ
faba-150	59	13	countries	country	NOUN
faba-150	59	14	poland	poland	PROPN
faba-150	59	15	,	,	PUNCT
faba-150	59	16	belgium	belgium	PROPN
faba-150	59	17	,	,	PUNCT
faba-150	59	18	germany	germany	PROPN
faba-150	59	19	and	and	CCONJ
faba-150	59	20	portugal	portugal	PROPN
faba-150	59	21	.	.	PUNCT
faba-150	60	1	the	the	DET
faba-150	60	2	respondents	respondent	NOUN
faba-150	60	3	are	be	AUX
faba-150	60	4	all	all	PRON
faba-150	60	5	experts	expert	NOUN
faba-150	60	6	with	with	ADP
faba-150	60	7	serious	serious	ADJ
faba-150	60	8	experience	experience	NOUN
faba-150	60	9	in	in	ADP
faba-150	60	10	the	the	DET
faba-150	60	11	analysis	analysis	NOUN
faba-150	60	12	and	and	CCONJ
faba-150	60	13	valuation	valuation	NOUN
faba-150	60	14	of	of	ADP
faba-150	60	15	stocks	stock	NOUN
faba-150	60	16	and	and	CCONJ
faba-150	60	17	companies	company	NOUN
faba-150	60	18	.	.	PUNCT
faba-150	61	1	the	the	DET
faba-150	61	2	largest	large	ADJ
faba-150	61	3	group	group	NOUN
faba-150	61	4	is	be	AUX
faba-150	61	5	that	that	PRON
faba-150	61	6	of	of	ADP
faba-150	61	7	portfolio	portfolio	NOUN
faba-150	61	8	managers	manager	NOUN
faba-150	61	9	(	(	PUNCT
faba-150	61	10	23	23	NUM
faba-150	61	11	%	%	NOUN
faba-150	61	12	)	)	PUNCT
faba-150	61	13	,	,	PUNCT
faba-150	61	14	followed	follow	VERB
faba-150	61	15	by	by	ADP
faba-150	61	16	financial	financial	ADJ
faba-150	61	17	analysts	analyst	NOUN
faba-150	61	18	(	(	PUNCT
faba-150	61	19	22	22	NUM
faba-150	61	20	%	%	NOUN
faba-150	61	21	)	)	PUNCT
faba-150	61	22	,	,	PUNCT
faba-150	61	23	investment	investment	NOUN
faba-150	61	24	bankers	banker	NOUN
faba-150	61	25	(	(	PUNCT
faba-150	61	26	19	19	NUM
faba-150	61	27	%	%	NOUN
faba-150	61	28	)	)	PUNCT
faba-150	61	29	,	,	PUNCT
faba-150	61	30	valuation	valuation	NOUN
faba-150	61	31	experts	expert	NOUN
faba-150	61	32	(	(	PUNCT
faba-150	61	33	16	16	NUM
faba-150	61	34	%	%	NOUN
faba-150	61	35	)	)	PUNCT
faba-150	61	36	.	.	PUNCT
faba-150	62	1	about	about	ADV
faba-150	62	2	80	80	NUM
faba-150	62	3	%	%	NOUN
faba-150	62	4	of	of	ADP
faba-150	62	5	respondents	respondent	NOUN
faba-150	62	6	have	have	VERB
faba-150	62	7	more	more	ADJ
faba-150	62	8	than	than	ADP
faba-150	62	9	5	5	NUM
faba-150	62	10	years	year	NOUN
faba-150	62	11	of	of	ADP
faba-150	62	12	experience	experience	NOUN
faba-150	62	13	in	in	ADP
faba-150	62	14	the	the	DET
faba-150	62	15	financial	financial	ADJ
faba-150	62	16	industry	industry	NOUN
faba-150	62	17	,	,	PUNCT
faba-150	62	18	about	about	ADV
faba-150	62	19	50	50	NUM
faba-150	62	20	%	%	NOUN
faba-150	62	21	have	have	VERB
faba-150	62	22	at	at	ADV
faba-150	62	23	least	least	ADV
faba-150	62	24	10	10	NUM
faba-150	62	25	years	year	NOUN
faba-150	62	26	of	of	ADP
faba-150	62	27	similar	similar	ADJ
faba-150	62	28	experience	experience	NOUN
faba-150	62	29	(	(	PUNCT
faba-150	62	30	bancel	bancel	NOUN
faba-150	62	31	and	and	CCONJ
faba-150	62	32	mittoo	mittoo	NOUN
faba-150	62	33	2014	2014	NUM
faba-150	62	34	)	)	PUNCT
faba-150	62	35	.	.	PUNCT
faba-150	63	1	source	source	NOUN
faba-150	63	2	:	:	PUNCT
faba-150	63	3	bancel	bancel	PROPN
faba-150	63	4	,	,	PUNCT
faba-150	63	5	f.	f.	PROPN
faba-150	63	6	,	,	PUNCT
faba-150	63	7	and	and	CCONJ
faba-150	63	8	u.	u.	PROPN
faba-150	63	9	mittoo	mittoo	PROPN
faba-150	63	10	.	.	PUNCT
faba-150	64	1	2014	2014	NUM
faba-150	64	2	.	.	PUNCT
faba-150	65	1	the	the	DET
faba-150	65	2	gap	gap	NOUN
faba-150	65	3	between	between	ADP
faba-150	65	4	the	the	DET
faba-150	65	5	theory	theory	NOUN
faba-150	65	6	and	and	CCONJ
faba-150	65	7	practice	practice	NOUN
faba-150	65	8	of	of	ADP
faba-150	65	9	corporate	corporate	ADJ
faba-150	65	10	valuation	valuation	NOUN
faba-150	65	11	:	:	PUNCT
faba-150	65	12	survey	survey	NOUN
faba-150	65	13	of	of	ADP
faba-150	65	14	european	european	ADJ
faba-150	65	15	experts	expert	NOUN
faba-150	65	16	.	.	PUNCT
faba-150	66	1	journal	journal	PROPN
faba-150	66	2	of	of	ADP
faba-150	66	3	applied	apply	VERB
faba-150	66	4	corporate	corporate	ADJ
faba-150	66	5	finance	finance	NOUN
faba-150	66	6	,	,	PUNCT
faba-150	66	7	columbia	columbia	PROPN
faba-150	66	8	business	business	PROPN
faba-150	66	9	school	school	PROPN
faba-150	66	10	,	,	PUNCT
faba-150	66	11	26(4	26(4	NUM
faba-150	66	12	)	)	PUNCT
faba-150	66	13	,	,	PUNCT
faba-150	66	14	pp	pp	PROPN
faba-150	66	15	.	.	PUNCT
faba-150	67	1	106117	106117	NUM
faba-150	67	2	figure	figure	NOUN
faba-150	67	3	1	1	NUM
faba-150	67	4	.	.	NOUN
faba-150	67	5	which	which	DET
faba-150	67	6	methods	method	NOUN
faba-150	67	7	are	be	AUX
faba-150	67	8	most	most	ADV
faba-150	67	9	used	use	VERB
faba-150	67	10	by	by	ADP
faba-150	67	11	experts	expert	NOUN
faba-150	67	12	0	0	NUM
faba-150	67	13	%	%	NOUN
faba-150	67	14	10	10	NUM
faba-150	67	15	%	%	NOUN
faba-150	67	16	20	20	NUM
faba-150	67	17	%	%	NOUN
faba-150	67	18	30	30	NUM
faba-150	67	19	%	%	NOUN
faba-150	67	20	40	40	NUM
faba-150	67	21	%	%	NOUN
faba-150	67	22	50	50	NUM
faba-150	67	23	%	%	NOUN
faba-150	67	24	60	60	NUM
faba-150	67	25	%	%	NOUN
faba-150	67	26	70	70	NUM
faba-150	67	27	%	%	NOUN
faba-150	67	28	80	80	NUM
faba-150	67	29	%	%	NOUN
faba-150	67	30	90	90	NUM
faba-150	67	31	%	%	NOUN
faba-150	67	32	other	other	ADJ
faba-150	67	33	the	the	DET
faba-150	67	34	net	net	ADJ
faba-150	67	35	worth	worth	NOUN
faba-150	67	36	approach	approach	VERB
faba-150	67	37	the	the	DET
faba-150	67	38	dividend	dividend	NOUN
faba-150	67	39	growth	growth	NOUN
faba-150	67	40	model	model	NOUN
faba-150	67	41	free	free	ADJ
faba-150	67	42	cash	cash	NOUN
faba-150	67	43	flow	flow	NOUN
faba-150	67	44	to	to	ADP
faba-150	67	45	equity	equity	NOUN
faba-150	67	46	(	(	PUNCT
faba-150	67	47	fcfe	fcfe	NOUN
faba-150	67	48	)	)	PUNCT
faba-150	67	49	dcf	dcf	NOUN
faba-150	67	50	(	(	PUNCT
faba-150	67	51	free	free	ADJ
faba-150	67	52	cash	cash	NOUN
faba-150	67	53	flow	flow	NOUN
faba-150	67	54	to	to	ADP
faba-150	67	55	the	the	DET
faba-150	67	56	firm	firm	NOUN
faba-150	67	57	)	)	PUNCT
faba-150	67	58	relative	relative	ADJ
faba-150	67	59	valuation	valuation	NOUN
faba-150	67	60	the	the	DET
faba-150	67	61	popularity	popularity	NOUN
faba-150	67	62	of	of	ADP
faba-150	67	63	different	different	ADJ
faba-150	67	64	valuation	valuation	NOUN
faba-150	67	65	methods	method	NOUN
faba-150	67	66	dimiter	dimiter	NOUN
faba-150	67	67	nenkov	nenkov	PROPN
faba-150	67	68	/	/	SYM
faba-150	67	69	finance	finance	NOUN
faba-150	67	70	,	,	PUNCT
faba-150	67	71	accounting	accounting	NOUN
faba-150	67	72	and	and	CCONJ
faba-150	67	73	business	business	NOUN
faba-150	67	74	analysis	analysis	NOUN
faba-150	67	75	,	,	PUNCT
faba-150	67	76	volume	volume	NOUN
faba-150	67	77	5	5	NUM
faba-150	67	78	,	,	PUNCT
faba-150	67	79	issue	issue	NOUN
faba-150	67	80	1	1	NUM
faba-150	67	81	,	,	PUNCT
faba-150	67	82	2023	2023	NUM
faba-150	67	83	4	4	NUM
faba-150	67	84	figure	figure	NOUN
faba-150	67	85	1	1	NUM
faba-150	67	86	shows	show	VERB
faba-150	67	87	the	the	DET
faba-150	67	88	preferences	preference	NOUN
faba-150	67	89	of	of	ADP
faba-150	67	90	the	the	DET
faba-150	67	91	surveyed	survey	VERB
faba-150	67	92	experts	expert	NOUN
faba-150	67	93	for	for	ADP
faba-150	67	94	the	the	DET
faba-150	67	95	different	different	ADJ
faba-150	67	96	valuation	valuation	NOUN
faba-150	67	97	methods	method	NOUN
faba-150	67	98	and	and	CCONJ
faba-150	67	99	models	model	NOUN
faba-150	67	100	.	.	PUNCT
faba-150	68	1	the	the	DET
faba-150	68	2	most	most	ADV
faba-150	68	3	popular	popular	ADJ
faba-150	68	4	are	be	AUX
faba-150	68	5	the	the	DET
faba-150	68	6	relative	relative	ADJ
faba-150	68	7	valuation	valuation	NOUN
faba-150	68	8	methods	method	NOUN
faba-150	68	9	about	about	ADV
faba-150	68	10	80	80	NUM
faba-150	68	11	%	%	NOUN
faba-150	68	12	use	use	VERB
faba-150	68	13	them	they	PRON
faba-150	68	14	,	,	PUNCT
faba-150	68	15	as	as	ADV
faba-150	68	16	well	well	ADV
faba-150	68	17	as	as	ADP
faba-150	68	18	the	the	DET
faba-150	68	19	dcf	dcf	PROPN
faba-150	68	20	enterprise	enterprise	NOUN
faba-150	68	21	valuation	valuation	NOUN
faba-150	68	22	model	model	NOUN
faba-150	68	23	about	about	ADV
faba-150	68	24	79	79	NUM
faba-150	68	25	%	%	NOUN
faba-150	68	26	use	use	VERB
faba-150	68	27	it	it	PRON
faba-150	68	28	.	.	PUNCT
faba-150	69	1	the	the	DET
faba-150	69	2	dcf	dcf	PROPN
faba-150	69	3	equity	equity	PROPN
faba-150	69	4	valuation	valuation	PROPN
faba-150	69	5	model	model	NOUN
faba-150	69	6	is	be	AUX
faba-150	69	7	used	use	VERB
faba-150	69	8	by	by	ADP
faba-150	69	9	less	less	ADJ
faba-150	69	10	than	than	ADP
faba-150	69	11	40	40	NUM
faba-150	69	12	%	%	NOUN
faba-150	69	13	of	of	ADP
faba-150	69	14	the	the	DET
faba-150	69	15	experts	expert	NOUN
faba-150	69	16	.	.	PUNCT
faba-150	70	1	net	net	ADJ
faba-150	70	2	asset	asset	NOUN
faba-150	70	3	value	value	NOUN
faba-150	70	4	(	(	PUNCT
faba-150	70	5	net	net	ADJ
faba-150	70	6	worth	worth	ADJ
faba-150	70	7	)	)	PUNCT
faba-150	70	8	approach	approach	NOUN
faba-150	70	9	and	and	CCONJ
faba-150	70	10	dividend	dividend	NOUN
faba-150	70	11	model	model	NOUN
faba-150	70	12	are	be	AUX
faba-150	70	13	used	use	VERB
faba-150	70	14	by	by	ADP
faba-150	70	15	less	less	ADJ
faba-150	70	16	than	than	ADP
faba-150	70	17	22	22	NUM
faba-150	70	18	%	%	NOUN
faba-150	70	19	of	of	ADP
faba-150	70	20	respondents	respondent	NOUN
faba-150	70	21	,	,	PUNCT
faba-150	70	22	while	while	SCONJ
faba-150	70	23	option	option	NOUN
faba-150	70	24	models	model	NOUN
faba-150	70	25	or	or	CCONJ
faba-150	70	26	eva	eva	NOUN
faba-150	70	27	models	model	NOUN
faba-150	70	28	are	be	AUX
faba-150	70	29	very	very	ADV
faba-150	70	30	rarely	rarely	ADV
faba-150	70	31	used	use	VERB
faba-150	70	32	.	.	PUNCT
faba-150	71	1	in	in	ADP
faba-150	71	2	2019	2019	NUM
faba-150	71	3	,	,	PUNCT
faba-150	71	4	pinto	pinto	NOUN
faba-150	71	5	,	,	PUNCT
faba-150	71	6	robinson	robinson	PROPN
faba-150	71	7	,	,	PUNCT
faba-150	71	8	and	and	CCONJ
faba-150	71	9	stowe	stowe	PROPN
faba-150	71	10	conducted	conduct	VERB
faba-150	71	11	a	a	DET
faba-150	71	12	survey	survey	NOUN
faba-150	71	13	of	of	ADP
faba-150	71	14	stock	stock	NOUN
faba-150	71	15	valuation	valuation	NOUN
faba-150	71	16	practices	practice	NOUN
faba-150	71	17	by	by	ADP
faba-150	71	18	professional	professional	ADJ
faba-150	71	19	financial	financial	ADJ
faba-150	71	20	analysts	analyst	NOUN
faba-150	71	21	who	who	PRON
faba-150	71	22	are	be	AUX
faba-150	71	23	members	member	NOUN
faba-150	71	24	of	of	ADP
faba-150	71	25	the	the	DET
faba-150	71	26	cfa	cfa	PROPN
faba-150	71	27	institute	institute	PROPN
faba-150	71	28	.	.	PUNCT
faba-150	72	1	the	the	DET
faba-150	72	2	research	research	NOUN
faba-150	72	3	confirms	confirm	VERB
faba-150	72	4	the	the	DET
faba-150	72	5	great	great	ADJ
faba-150	72	6	importance	importance	NOUN
faba-150	72	7	given	give	VERB
faba-150	72	8	to	to	ADP
faba-150	72	9	relative	relative	ADJ
faba-150	72	10	valuation	valuation	NOUN
faba-150	72	11	methods	method	NOUN
faba-150	72	12	and	and	CCONJ
faba-150	72	13	discounted	discount	VERB
faba-150	72	14	cash	cash	NOUN
faba-150	72	15	flow	flow	NOUN
faba-150	72	16	models	model	NOUN
faba-150	72	17	.	.	PUNCT
faba-150	73	1	according	accord	VERB
faba-150	73	2	to	to	ADP
faba-150	73	3	this	this	DET
faba-150	73	4	research	research	NOUN
faba-150	73	5	,	,	PUNCT
faba-150	73	6	when	when	SCONJ
faba-150	73	7	valuing	value	VERB
faba-150	73	8	individual	individual	ADJ
faba-150	73	9	stocks	stock	NOUN
faba-150	73	10	,	,	PUNCT
faba-150	73	11	92.8	92.8	NUM
faba-150	73	12	%	%	NOUN
faba-150	73	13	of	of	ADP
faba-150	73	14	analysts	analyst	NOUN
faba-150	73	15	use	use	VERB
faba-150	73	16	market	market	NOUN
faba-150	73	17	multiples	multiple	NOUN
faba-150	73	18	and	and	CCONJ
faba-150	73	19	78.8	78.8	NUM
faba-150	73	20	%	%	NOUN
faba-150	73	21	use	use	NOUN
faba-150	73	22	discounted	discount	VERB
faba-150	73	23	cash	cash	NOUN
faba-150	73	24	flow	flow	NOUN
faba-150	73	25	(	(	PUNCT
faba-150	73	26	dcf	dcf	NOUN
faba-150	73	27	)	)	PUNCT
faba-150	73	28	models	model	NOUN
faba-150	73	29	.	.	PUNCT
faba-150	74	1	when	when	SCONJ
faba-150	74	2	using	use	VERB
faba-150	74	3	dcf	dcf	NOUN
faba-150	74	4	models	model	NOUN
faba-150	74	5	,	,	PUNCT
faba-150	74	6	20.5	20.5	NUM
faba-150	74	7	%	%	NOUN
faba-150	74	8	of	of	ADP
faba-150	74	9	analysts	analyst	NOUN
faba-150	74	10	use	use	VERB
faba-150	74	11	a	a	DET
faba-150	74	12	residual	residual	ADJ
faba-150	74	13	income	income	NOUN
faba-150	74	14	model	model	NOUN
faba-150	74	15	,	,	PUNCT
faba-150	74	16	35.1	35.1	NUM
faba-150	74	17	%	%	NOUN
faba-150	74	18	use	use	VERB
faba-150	74	19	a	a	DET
faba-150	74	20	discounted	discount	VERB
faba-150	74	21	dividend	dividend	NOUN
faba-150	74	22	model	model	NOUN
faba-150	74	23	(	(	PUNCT
faba-150	74	24	ddm	ddm	PROPN
faba-150	74	25	)	)	PUNCT
faba-150	74	26	,	,	PUNCT
faba-150	74	27	and	and	CCONJ
faba-150	74	28	86.9	86.9	NUM
faba-150	74	29	%	%	NOUN
faba-150	74	30	use	use	VERB
faba-150	74	31	a	a	DET
faba-150	74	32	free	free	ADJ
faba-150	74	33	cash	cash	NOUN
faba-150	74	34	flow	flow	NOUN
faba-150	74	35	model	model	NOUN
faba-150	74	36	.	.	PUNCT
faba-150	75	1	in	in	ADP
faba-150	75	2	terms	term	NOUN
faba-150	75	3	of	of	ADP
faba-150	75	4	free	free	ADJ
faba-150	75	5	cash	cash	NOUN
faba-150	75	6	flow	flow	NOUN
faba-150	75	7	models	model	NOUN
faba-150	75	8	,	,	PUNCT
faba-150	75	9	the	the	DET
faba-150	75	10	model	model	NOUN
faba-150	75	11	based	base	VERB
faba-150	75	12	on	on	ADP
faba-150	75	13	fcff	fcff	PROPN
faba-150	75	14	(	(	PUNCT
faba-150	75	15	free	free	ADJ
faba-150	75	16	cash	cash	NOUN
faba-150	75	17	flows	flow	NOUN
faba-150	75	18	to	to	ADP
faba-150	75	19	the	the	DET
faba-150	75	20	firm	firm	NOUN
faba-150	75	21	)	)	PUNCT
faba-150	75	22	,	,	PUNCT
faba-150	75	23	i.e.	i.e.	X
faba-150	75	24	the	the	DET
faba-150	75	25	dcf	dcf	PROPN
faba-150	75	26	enterprise	enterprise	NOUN
faba-150	75	27	model	model	NOUN
faba-150	75	28	,	,	PUNCT
faba-150	75	29	is	be	AUX
faba-150	75	30	used	use	VERB
faba-150	75	31	about	about	ADV
faba-150	75	32	twice	twice	ADV
faba-150	75	33	as	as	ADV
faba-150	75	34	often	often	ADV
faba-150	75	35	as	as	ADP
faba-150	75	36	the	the	DET
faba-150	75	37	fcfe	fcfe	NOUN
faba-150	75	38	(	(	PUNCT
faba-150	75	39	free	free	ADJ
faba-150	75	40	cash	cash	NOUN
faba-150	75	41	flow	flow	NOUN
faba-150	75	42	to	to	ADP
faba-150	75	43	equity	equity	NOUN
faba-150	75	44	)	)	PUNCT
faba-150	75	45	model	model	NOUN
faba-150	75	46	,	,	PUNCT
faba-150	75	47	i.e.	i.e.	X
faba-150	75	48	the	the	DET
faba-150	75	49	dcf	dcf	PROPN
faba-150	75	50	equity	equity	NOUN
faba-150	75	51	model	model	NOUN
faba-150	75	52	(	(	PUNCT
faba-150	75	53	pinto	pinto	NOUN
faba-150	75	54	et	et	PROPN
faba-150	75	55	al	al	PROPN
faba-150	75	56	.	.	PROPN
faba-150	75	57	2019	2019	NUM
faba-150	75	58	)	)	PUNCT
faba-150	75	59	.	.	PUNCT
faba-150	76	1	according	accord	VERB
faba-150	76	2	to	to	ADP
faba-150	76	3	pinto	pinto	NOUN
faba-150	76	4	et	et	PROPN
faba-150	76	5	al	al	PROPN
faba-150	76	6	.	.	PROPN
faba-150	77	1	(	(	PUNCT
faba-150	77	2	2019	2019	NUM
faba-150	77	3	)	)	PUNCT
faba-150	77	4	,	,	PUNCT
faba-150	77	5	analysts	analyst	NOUN
faba-150	77	6	like	like	VERB
faba-150	77	7	to	to	PART
faba-150	77	8	use	use	VERB
faba-150	77	9	free	free	ADJ
faba-150	77	10	cash	cash	NOUN
faba-150	77	11	flow	flow	NOUN
faba-150	77	12	(	(	PUNCT
faba-150	77	13	fcff	fcff	ADV
faba-150	77	14	or	or	CCONJ
faba-150	77	15	fcfe	fcfe	NOUN
faba-150	77	16	)	)	PUNCT
faba-150	77	17	when	when	SCONJ
faba-150	77	18	the	the	DET
faba-150	77	19	following	follow	VERB
faba-150	77	20	circumstances	circumstance	NOUN
faba-150	77	21	exist	exist	VERB
faba-150	77	22	:	:	PUNCT
faba-150	77	23	the	the	DET
faba-150	77	24	company	company	NOUN
faba-150	77	25	does	do	AUX
faba-150	77	26	not	not	PART
faba-150	77	27	pay	pay	VERB
faba-150	77	28	dividends	dividend	NOUN
faba-150	77	29	.	.	PUNCT
faba-150	78	1	the	the	DET
faba-150	78	2	company	company	NOUN
faba-150	78	3	pays	pay	VERB
faba-150	78	4	dividends	dividend	NOUN
faba-150	78	5	,	,	PUNCT
faba-150	78	6	but	but	CCONJ
faba-150	78	7	they	they	PRON
faba-150	78	8	are	be	AUX
faba-150	78	9	very	very	ADV
faba-150	78	10	different	different	ADJ
faba-150	78	11	from	from	ADP
faba-150	78	12	the	the	DET
faba-150	78	13	company	company	NOUN
faba-150	78	14	's	's	PART
faba-150	78	15	capacity	capacity	NOUN
faba-150	78	16	to	to	PART
faba-150	78	17	pay	pay	VERB
faba-150	78	18	dividends	dividend	NOUN
faba-150	78	19	.	.	PUNCT
faba-150	79	1	free	free	ADJ
faba-150	79	2	cash	cash	NOUN
faba-150	79	3	flows	flow	NOUN
faba-150	79	4	are	be	AUX
faba-150	79	5	consistent	consistent	ADJ
faba-150	79	6	with	with	ADP
faba-150	79	7	profitability	profitability	NOUN
faba-150	79	8	,	,	PUNCT
faba-150	79	9	within	within	ADP
faba-150	79	10	a	a	DET
faba-150	79	11	reasonable	reasonable	ADJ
faba-150	79	12	forecast	forecast	NOUN
faba-150	79	13	period	period	NOUN
faba-150	79	14	that	that	PRON
faba-150	79	15	the	the	DET
faba-150	79	16	analyst	analyst	NOUN
faba-150	79	17	feels	feel	VERB
faba-150	79	18	confident	confident	ADJ
faba-150	79	19	about	about	ADP
faba-150	79	20	.	.	PUNCT
faba-150	80	1	the	the	DET
faba-150	80	2	analyst	analyst	NOUN
faba-150	80	3	takes	take	VERB
faba-150	80	4	a	a	DET
faba-150	80	5	controlling	control	VERB
faba-150	80	6	interest	interest	NOUN
faba-150	80	7	perspective	perspective	NOUN
faba-150	80	8	,	,	PUNCT
faba-150	80	9	with	with	ADP
faba-150	80	10	which	which	PRON
faba-150	80	11	comes	come	VERB
faba-150	80	12	discretion	discretion	NOUN
faba-150	80	13	regarding	regard	VERB
faba-150	80	14	the	the	DET
faba-150	80	15	use	use	NOUN
faba-150	80	16	of	of	ADP
faba-150	80	17	free	free	ADJ
faba-150	80	18	cash	cash	NOUN
faba-150	80	19	flow	flow	NOUN
faba-150	80	20	.	.	PUNCT
faba-150	81	1	another	another	DET
faba-150	81	2	study	study	NOUN
faba-150	81	3	by	by	ADP
faba-150	81	4	pablo	pablo	PROPN
faba-150	81	5	fernández	fernández	PROPN
faba-150	81	6	from	from	ADP
faba-150	81	7	2017	2017	NUM
faba-150	81	8	on	on	ADP
faba-150	81	9	the	the	DET
faba-150	81	10	valuation	valuation	NOUN
faba-150	81	11	methods	method	NOUN
faba-150	81	12	used	use	VERB
faba-150	81	13	,	,	PUNCT
faba-150	81	14	also	also	ADV
faba-150	81	15	indicates	indicate	VERB
faba-150	81	16	that	that	SCONJ
faba-150	81	17	dcf	dcf	PROPN
faba-150	81	18	models	model	NOUN
faba-150	81	19	and	and	CCONJ
faba-150	81	20	relative	relative	ADJ
faba-150	81	21	valuation	valuation	NOUN
faba-150	81	22	methods	method	NOUN
faba-150	81	23	are	be	AUX
faba-150	81	24	the	the	DET
faba-150	81	25	most	most	ADV
faba-150	81	26	used	used	ADJ
faba-150	81	27	(	(	PUNCT
faba-150	81	28	fernandez	fernandez	PROPN
faba-150	81	29	,	,	PUNCT
faba-150	81	30	2017	2017	NUM
faba-150	81	31	)	)	PUNCT
faba-150	81	32	.	.	PUNCT
faba-150	82	1	the	the	DET
faba-150	82	2	results	result	NOUN
faba-150	82	3	of	of	ADP
faba-150	82	4	these	these	DET
faba-150	82	5	other	other	ADJ
faba-150	82	6	studies	study	NOUN
faba-150	82	7	are	be	AUX
faba-150	82	8	fully	fully	ADV
faba-150	82	9	consistent	consistent	ADJ
faba-150	82	10	with	with	ADP
faba-150	82	11	the	the	DET
faba-150	82	12	results	result	NOUN
faba-150	82	13	on	on	ADP
faba-150	82	14	this	this	DET
faba-150	82	15	point	point	NOUN
faba-150	82	16	of	of	ADP
faba-150	82	17	the	the	DET
faba-150	82	18	bancel	bancel	NOUN
faba-150	82	19	and	and	CCONJ
faba-150	82	20	mittoo	mittoo	PROPN
faba-150	82	21	study	study	NOUN
faba-150	82	22	.	.	PUNCT
faba-150	83	1	source	source	NOUN
faba-150	83	2	:	:	PUNCT
faba-150	83	3	bancel	bancel	PROPN
faba-150	83	4	,	,	PUNCT
faba-150	83	5	f.	f.	PROPN
faba-150	83	6	and	and	CCONJ
faba-150	83	7	u.	u.	PROPN
faba-150	83	8	mittoo	mittoo	PROPN
faba-150	83	9	.	.	PUNCT
faba-150	84	1	2014	2014	NUM
faba-150	84	2	.	.	PUNCT
faba-150	85	1	the	the	DET
faba-150	85	2	gap	gap	NOUN
faba-150	85	3	between	between	ADP
faba-150	85	4	the	the	DET
faba-150	85	5	theory	theory	NOUN
faba-150	85	6	and	and	CCONJ
faba-150	85	7	practice	practice	NOUN
faba-150	85	8	of	of	ADP
faba-150	85	9	corporate	corporate	ADJ
faba-150	85	10	valuation	valuation	NOUN
faba-150	85	11	:	:	PUNCT
faba-150	85	12	survey	survey	NOUN
faba-150	85	13	of	of	ADP
faba-150	85	14	european	european	ADJ
faba-150	85	15	experts	expert	NOUN
faba-150	85	16	.	.	PUNCT
faba-150	86	1	journal	journal	PROPN
faba-150	86	2	of	of	ADP
faba-150	86	3	applied	apply	VERB
faba-150	86	4	corporate	corporate	ADJ
faba-150	86	5	finance	finance	NOUN
faba-150	86	6	,	,	PUNCT
faba-150	86	7	columbia	columbia	PROPN
faba-150	86	8	business	business	PROPN
faba-150	86	9	school	school	PROPN
faba-150	86	10	,	,	PUNCT
faba-150	86	11	26(4	26(4	NUM
faba-150	86	12	)	)	PUNCT
faba-150	86	13	,	,	PUNCT
faba-150	86	14	pp	pp	PROPN
faba-150	86	15	.	.	PUNCT
faba-150	87	1	106117	106117	NUM
faba-150	87	2	figure	figure	NOUN
faba-150	87	3	2	2	NUM
faba-150	87	4	.	.	PUNCT
faba-150	88	1	how	how	SCONJ
faba-150	88	2	many	many	ADJ
faba-150	88	3	methods	method	NOUN
faba-150	88	4	are	be	AUX
faba-150	88	5	used	use	VERB
faba-150	88	6	in	in	ADP
faba-150	88	7	a	a	DET
faba-150	88	8	valuation	valuation	NOUN
faba-150	88	9	figure	figure	NOUN
faba-150	88	10	2	2	NUM
faba-150	88	11	shows	show	VERB
faba-150	88	12	the	the	DET
faba-150	88	13	preferred	preferred	ADJ
faba-150	88	14	number	number	NOUN
faba-150	88	15	of	of	ADP
faba-150	88	16	methods	method	NOUN
faba-150	88	17	that	that	PRON
faba-150	88	18	the	the	DET
faba-150	88	19	experts	expert	NOUN
faba-150	88	20	surveyed	survey	VERB
faba-150	88	21	by	by	ADP
faba-150	88	22	bancel	bancel	NOUN
faba-150	88	23	and	and	CCONJ
faba-150	88	24	mittoo	mittoo	PROPN
faba-150	88	25	(	(	PUNCT
faba-150	88	26	2014	2014	NUM
faba-150	88	27	)	)	PUNCT
faba-150	88	28	use	use	NOUN
faba-150	88	29	in	in	ADP
faba-150	88	30	one	one	NUM
faba-150	88	31	company	company	NOUN
faba-150	88	32	valuation	valuation	NOUN
faba-150	88	33	.	.	PUNCT
faba-150	89	1	the	the	DET
faba-150	89	2	largest	large	ADJ
faba-150	89	3	part	part	NOUN
faba-150	89	4	is	be	AUX
faba-150	89	5	of	of	ADP
faba-150	89	6	the	the	DET
faba-150	89	7	experts	expert	NOUN
faba-150	89	8	who	who	PRON
faba-150	89	9	use	use	VERB
faba-150	89	10	two	two	NUM
faba-150	89	11	methods	method	NOUN
faba-150	89	12	when	when	SCONJ
faba-150	89	13	valuing	value	VERB
faba-150	89	14	about	about	ADP
faba-150	89	15	32	32	NUM
faba-150	89	16	%	%	NOUN
faba-150	89	17	.	.	PUNCT
faba-150	90	1	about	about	ADV
faba-150	90	2	29	29	NUM
faba-150	90	3	%	%	NOUN
faba-150	90	4	use	use	VERB
faba-150	90	5	three	three	NUM
faba-150	90	6	methods	method	NOUN
faba-150	90	7	,	,	PUNCT
faba-150	90	8	i.e.	i.e.	X
faba-150	90	9	about	about	ADV
faba-150	90	10	60	60	NUM
faba-150	90	11	%	%	NOUN
faba-150	90	12	of	of	ADP
faba-150	90	13	all	all	DET
faba-150	90	14	respondents	respondent	NOUN
faba-150	90	15	rely	rely	VERB
faba-150	90	16	on	on	ADP
faba-150	90	17	usually	usually	ADV
faba-150	90	18	two	two	NUM
faba-150	90	19	or	or	CCONJ
faba-150	90	20	three	three	NUM
faba-150	90	21	valuation	valuation	NOUN
faba-150	90	22	methods	method	NOUN
faba-150	90	23	.	.	PUNCT
faba-150	91	1	only	only	ADV
faba-150	91	2	21	21	NUM
faba-150	91	3	%	%	NOUN
faba-150	91	4	work	work	NOUN
faba-150	91	5	with	with	ADP
faba-150	91	6	only	only	ADV
faba-150	91	7	one	one	NUM
faba-150	91	8	single	single	ADJ
faba-150	91	9	method	method	NOUN
faba-150	91	10	.	.	PUNCT
faba-150	92	1	about	about	ADV
faba-150	92	2	12	12	NUM
faba-150	92	3	%	%	NOUN
faba-150	92	4	use	use	VERB
faba-150	92	5	four	four	NUM
faba-150	92	6	methods	method	NOUN
faba-150	92	7	,	,	PUNCT
faba-150	92	8	5	5	NUM
faba-150	92	9	%	%	NOUN
faba-150	92	10	use	use	VERB
faba-150	92	11	five	five	NUM
faba-150	92	12	,	,	PUNCT
faba-150	92	13	and	and	CCONJ
faba-150	92	14	only	only	ADV
faba-150	92	15	1	1	NUM
faba-150	92	16	%	%	NOUN
faba-150	92	17	use	use	VERB
faba-150	92	18	six	six	NUM
faba-150	92	19	or	or	CCONJ
faba-150	92	20	more	more	ADJ
faba-150	92	21	(	(	PUNCT
faba-150	92	22	bancel	bancel	NOUN
faba-150	92	23	and	and	CCONJ
faba-150	92	24	mittoo	mittoo	NOUN
faba-150	92	25	2014	2014	NUM
faba-150	92	26	)	)	PUNCT
faba-150	92	27	.	.	PUNCT
faba-150	93	1	0	0	NUM
faba-150	93	2	%	%	NOUN
faba-150	93	3	5	5	NUM
faba-150	93	4	%	%	NOUN
faba-150	93	5	10	10	NUM
faba-150	93	6	%	%	NOUN
faba-150	93	7	15	15	NUM
faba-150	93	8	%	%	NOUN
faba-150	93	9	20	20	NUM
faba-150	93	10	%	%	NOUN
faba-150	93	11	25	25	NUM
faba-150	93	12	%	%	NOUN
faba-150	93	13	30	30	NUM
faba-150	93	14	%	%	NOUN
faba-150	93	15	35	35	NUM
faba-150	93	16	%	%	NOUN
faba-150	93	17	two	two	NUM
faba-150	93	18	valuation	valuation	NOUN
faba-150	93	19	methods	method	NOUN
faba-150	93	20	three	three	NUM
faba-150	93	21	valuation	valuation	NOUN
faba-150	93	22	methods	method	NOUN
faba-150	93	23	one	one	NUM
faba-150	93	24	valuation	valuation	NOUN
faba-150	93	25	method	method	NOUN
faba-150	93	26	four	four	NUM
faba-150	93	27	valuation	valuation	NOUN
faba-150	93	28	methods	method	NOUN
faba-150	93	29	five	five	NUM
faba-150	93	30	valuation	valuation	NOUN
faba-150	93	31	methods	method	NOUN
faba-150	93	32	at	at	ADP
faba-150	93	33	least	least	ADV
faba-150	93	34	six	six	NUM
faba-150	93	35	valuation	valuation	NOUN
faba-150	93	36	methods	method	NOUN
faba-150	93	37	the	the	DET
faba-150	93	38	number	number	NOUN
faba-150	93	39	of	of	ADP
faba-150	93	40	valuation	valuation	NOUN
faba-150	93	41	methods	method	NOUN
faba-150	93	42	used	use	VERB
faba-150	93	43	by	by	ADP
faba-150	93	44	experts	expert	NOUN
faba-150	93	45	dimiter	dimiter	NOUN
faba-150	93	46	nenkov	nenkov	PROPN
faba-150	93	47	/	/	SYM
faba-150	93	48	finance	finance	NOUN
faba-150	93	49	,	,	PUNCT
faba-150	93	50	accounting	accounting	NOUN
faba-150	93	51	and	and	CCONJ
faba-150	93	52	business	business	NOUN
faba-150	93	53	analysis	analysis	NOUN
faba-150	93	54	,	,	PUNCT
faba-150	93	55	volume	volume	NOUN
faba-150	93	56	5	5	NUM
faba-150	93	57	,	,	PUNCT
faba-150	93	58	issue	issue	NOUN
faba-150	93	59	1	1	NUM
faba-150	93	60	,	,	PUNCT
faba-150	93	61	2023	2023	NUM
faba-150	93	62	5	5	NUM
faba-150	93	63	as	as	SCONJ
faba-150	93	64	it	it	PRON
faba-150	93	65	became	become	VERB
faba-150	93	66	clear	clear	ADJ
faba-150	93	67	above	above	ADV
faba-150	93	68	,	,	PUNCT
faba-150	93	69	relative	relative	ADJ
faba-150	93	70	valuation	valuation	NOUN
faba-150	93	71	methods	method	NOUN
faba-150	93	72	are	be	AUX
faba-150	93	73	the	the	DET
faba-150	93	74	most	most	ADV
faba-150	93	75	preferred	preferred	ADJ
faba-150	93	76	.	.	PUNCT
faba-150	94	1	according	accord	VERB
faba-150	94	2	to	to	ADP
faba-150	94	3	where	where	SCONJ
faba-150	94	4	the	the	DET
faba-150	94	5	peer	peer	NOUN
faba-150	94	6	(	(	PUNCT
faba-150	94	7	analogue	analogue	NOUN
faba-150	94	8	)	)	PUNCT
faba-150	94	9	companies	company	NOUN
faba-150	94	10	are	be	AUX
faba-150	94	11	located	locate	VERB
faba-150	94	12	,	,	PUNCT
faba-150	94	13	they	they	PRON
faba-150	94	14	are	be	AUX
faba-150	94	15	divided	divide	VERB
faba-150	94	16	into	into	ADP
faba-150	94	17	two	two	NUM
faba-150	94	18	main	main	ADJ
faba-150	94	19	types	type	NOUN
faba-150	94	20	:	:	PUNCT
faba-150	94	21	1/	1/	NUM
faba-150	94	22	capital	capital	NOUN
faba-150	94	23	market	market	NOUN
faba-150	94	24	method	method	NOUN
faba-150	94	25	,	,	PUNCT
faba-150	94	26	in	in	ADP
faba-150	94	27	which	which	PRON
faba-150	94	28	the	the	DET
faba-150	94	29	analogues	analogue	NOUN
faba-150	94	30	are	be	AUX
faba-150	94	31	public	public	ADJ
faba-150	94	32	companies	company	NOUN
faba-150	94	33	whose	whose	DET
faba-150	94	34	shares	share	NOUN
faba-150	94	35	are	be	AUX
faba-150	94	36	regularly	regularly	ADV
faba-150	94	37	traded	trade	VERB
faba-150	94	38	on	on	ADP
faba-150	94	39	the	the	DET
faba-150	94	40	stock	stock	NOUN
faba-150	94	41	exchange	exchange	NOUN
faba-150	94	42	,	,	PUNCT
faba-150	94	43	and	and	CCONJ
faba-150	94	44	2/	2/	NUM
faba-150	94	45	transaction	transaction	NOUN
faba-150	94	46	method	method	NOUN
faba-150	94	47	,	,	PUNCT
faba-150	94	48	in	in	ADP
faba-150	94	49	which	which	PRON
faba-150	94	50	the	the	DET
faba-150	94	51	analogues	analogue	NOUN
faba-150	94	52	are	be	AUX
faba-150	94	53	companies	company	NOUN
faba-150	94	54	(	(	PUNCT
faba-150	94	55	usually	usually	ADV
faba-150	94	56	non	non	ADJ
faba-150	94	57	-	-	ADJ
faba-150	94	58	public	public	ADJ
faba-150	94	59	)	)	PUNCT
faba-150	94	60	that	that	PRON
faba-150	94	61	have	have	AUX
faba-150	94	62	recently	recently	ADV
faba-150	94	63	been	be	AUX
faba-150	94	64	the	the	DET
faba-150	94	65	subject	subject	NOUN
faba-150	94	66	of	of	ADP
faba-150	94	67	a	a	DET
faba-150	94	68	merger	merger	NOUN
faba-150	94	69	or	or	CCONJ
faba-150	94	70	acquisition	acquisition	NOUN
faba-150	94	71	,	,	PUNCT
faba-150	94	72	i.e.	i.e.	X
faba-150	94	73	a	a	DET
faba-150	94	74	transaction	transaction	NOUN
faba-150	94	75	involving	involve	VERB
faba-150	94	76	a	a	DET
faba-150	94	77	significant	significant	ADJ
faba-150	94	78	block	block	NOUN
faba-150	94	79	of	of	ADP
faba-150	94	80	shares	share	NOUN
faba-150	94	81	of	of	ADP
faba-150	94	82	the	the	DET
faba-150	94	83	relevant	relevant	ADJ
faba-150	94	84	company	company	NOUN
faba-150	94	85	,	,	PUNCT
faba-150	94	86	and	and	CCONJ
faba-150	94	87	the	the	DET
faba-150	94	88	price	price	NOUN
faba-150	94	89	of	of	ADP
faba-150	94	90	the	the	DET
faba-150	94	91	transaction	transaction	NOUN
faba-150	94	92	has	have	AUX
faba-150	94	93	been	be	AUX
faba-150	94	94	publicly	publicly	ADV
faba-150	94	95	announced	announce	VERB
faba-150	94	96	(	(	PUNCT
faba-150	94	97	kassarova	kassarova	PROPN
faba-150	94	98	2008	2008	NUM
faba-150	94	99	)	)	PUNCT
faba-150	94	100	.	.	PUNCT
faba-150	95	1	source	source	NOUN
faba-150	95	2	:	:	PUNCT
faba-150	95	3	bancel	bancel	PROPN
faba-150	95	4	,	,	PUNCT
faba-150	95	5	f.	f.	PROPN
faba-150	95	6	and	and	CCONJ
faba-150	95	7	u.	u.	PROPN
faba-150	95	8	mittoo	mittoo	PROPN
faba-150	95	9	.	.	PUNCT
faba-150	96	1	2014	2014	NUM
faba-150	96	2	.	.	PUNCT
faba-150	97	1	the	the	DET
faba-150	97	2	gap	gap	NOUN
faba-150	97	3	between	between	ADP
faba-150	97	4	the	the	DET
faba-150	97	5	theory	theory	NOUN
faba-150	97	6	and	and	CCONJ
faba-150	97	7	practice	practice	NOUN
faba-150	97	8	of	of	ADP
faba-150	97	9	corporate	corporate	ADJ
faba-150	97	10	valuation	valuation	NOUN
faba-150	97	11	:	:	PUNCT
faba-150	97	12	survey	survey	NOUN
faba-150	97	13	of	of	ADP
faba-150	97	14	european	european	ADJ
faba-150	97	15	experts	expert	NOUN
faba-150	97	16	.	.	PUNCT
faba-150	98	1	journal	journal	PROPN
faba-150	98	2	of	of	ADP
faba-150	98	3	applied	apply	VERB
faba-150	98	4	corporate	corporate	ADJ
faba-150	98	5	finance	finance	NOUN
faba-150	98	6	,	,	PUNCT
faba-150	98	7	columbia	columbia	PROPN
faba-150	98	8	business	business	PROPN
faba-150	98	9	school	school	PROPN
faba-150	98	10	,	,	PUNCT
faba-150	98	11	26(4	26(4	NUM
faba-150	98	12	)	)	PUNCT
faba-150	98	13	,	,	PUNCT
faba-150	98	14	pp	pp	PROPN
faba-150	98	15	.	.	PUNCT
faba-150	99	1	106117	106117	NUM
faba-150	99	2	figure	figure	NOUN
faba-150	99	3	3	3	NUM
faba-150	99	4	.	.	PUNCT
faba-150	99	5	most	most	ADV
faba-150	99	6	commonly	commonly	ADV
faba-150	99	7	used	use	VERB
faba-150	99	8	market	market	NOUN
faba-150	99	9	multiples	multiple	NOUN
faba-150	99	10	in	in	ADP
faba-150	99	11	relative	relative	ADJ
faba-150	99	12	valuation	valuation	NOUN
faba-150	99	13	methods	method	NOUN
faba-150	99	14	according	accord	VERB
faba-150	99	15	to	to	ADP
faba-150	99	16	bancel	bancel	NOUN
faba-150	99	17	and	and	CCONJ
faba-150	99	18	mittoo	mittoo	NOUN
faba-150	99	19	's	's	PART
faba-150	99	20	survey	survey	NOUN
faba-150	99	21	,	,	PUNCT
faba-150	99	22	86	86	NUM
faba-150	99	23	%	%	NOUN
faba-150	99	24	of	of	ADP
faba-150	99	25	respondents	respondent	NOUN
faba-150	99	26	use	use	VERB
faba-150	99	27	market	market	NOUN
faba-150	99	28	multiples	multiple	NOUN
faba-150	99	29	(	(	PUNCT
faba-150	99	30	ratios	ratio	NOUN
faba-150	99	31	)	)	PUNCT
faba-150	99	32	derived	derive	VERB
faba-150	99	33	through	through	ADP
faba-150	99	34	the	the	DET
faba-150	99	35	transaction	transaction	NOUN
faba-150	99	36	method	method	NOUN
faba-150	99	37	,	,	PUNCT
faba-150	99	38	and	and	CCONJ
faba-150	99	39	73	73	NUM
faba-150	99	40	%	%	NOUN
faba-150	99	41	derive	derive	ADJ
faba-150	99	42	market	market	NOUN
faba-150	99	43	multiples	multiple	NOUN
faba-150	99	44	based	base	VERB
faba-150	99	45	on	on	ADP
faba-150	99	46	regularly	regularly	ADV
faba-150	99	47	traded	trade	VERB
faba-150	99	48	stocks	stock	NOUN
faba-150	99	49	.	.	PUNCT
faba-150	100	1	about	about	ADV
faba-150	100	2	50	50	NUM
faba-150	100	3	%	%	NOUN
faba-150	100	4	use	use	NOUN
faba-150	100	5	both	both	DET
faba-150	100	6	methods	method	NOUN
faba-150	100	7	.	.	PUNCT
faba-150	101	1	figure	figure	VERB
faba-150	101	2	3	3	NUM
faba-150	101	3	illustrates	illustrate	NOUN
faba-150	101	4	which	which	DET
faba-150	101	5	market	market	NOUN
faba-150	101	6	multiples	multiple	NOUN
faba-150	101	7	are	be	AUX
faba-150	101	8	the	the	PRON
faba-150	101	9	most	most	ADV
faba-150	101	10	widely	widely	ADV
faba-150	101	11	used	use	VERB
faba-150	101	12	by	by	ADP
faba-150	101	13	experts	expert	NOUN
faba-150	101	14	in	in	ADP
faba-150	101	15	the	the	DET
faba-150	101	16	relative	relative	ADJ
faba-150	101	17	approach	approach	NOUN
faba-150	101	18	and	and	CCONJ
faba-150	101	19	which	which	PRON
faba-150	101	20	are	be	AUX
faba-150	101	21	the	the	DET
faba-150	101	22	least	least	ADJ
faba-150	101	23	used	use	VERB
faba-150	101	24	.	.	PUNCT
faba-150	102	1	it	it	PRON
faba-150	102	2	can	can	AUX
faba-150	102	3	be	be	AUX
faba-150	102	4	seen	see	VERB
faba-150	102	5	that	that	SCONJ
faba-150	102	6	the	the	DET
faba-150	102	7	ratio	ratio	NOUN
faba-150	102	8	firm	firm	NOUN
faba-150	102	9	value	value	NOUN
faba-150	102	10	/	/	SYM
faba-150	102	11	ebitda	ebitda	NOUN
faba-150	102	12	is	be	AUX
faba-150	102	13	used	use	VERB
faba-150	102	14	with	with	ADP
faba-150	102	15	the	the	DET
faba-150	102	16	greatest	great	ADJ
faba-150	102	17	confidence	confidence	NOUN
faba-150	102	18	.	.	PUNCT
faba-150	103	1	it	it	PRON
faba-150	103	2	is	be	AUX
faba-150	103	3	relied	rely	VERB
faba-150	103	4	on	on	ADP
faba-150	103	5	by	by	ADP
faba-150	103	6	83	83	NUM
faba-150	103	7	%	%	NOUN
faba-150	103	8	of	of	ADP
faba-150	103	9	appraisers	appraiser	NOUN
faba-150	103	10	who	who	PRON
faba-150	103	11	use	use	VERB
faba-150	103	12	several	several	ADJ
faba-150	103	13	ratios	ratio	NOUN
faba-150	103	14	(	(	PUNCT
faba-150	103	15	multipliers	multiplier	NOUN
faba-150	103	16	)	)	PUNCT
faba-150	103	17	and	and	CCONJ
faba-150	103	18	by	by	ADP
faba-150	103	19	70	70	NUM
faba-150	103	20	%	%	NOUN
faba-150	103	21	of	of	ADP
faba-150	103	22	appraisers	appraiser	NOUN
faba-150	103	23	who	who	PRON
faba-150	103	24	use	use	VERB
faba-150	103	25	only	only	ADV
faba-150	103	26	one	one	NUM
faba-150	103	27	ratio	ratio	NOUN
faba-150	103	28	(	(	PUNCT
faba-150	103	29	multiplier	multiplier	ADV
faba-150	103	30	)	)	PUNCT
faba-150	103	31	.	.	PUNCT
faba-150	104	1	second	second	ADV
faba-150	104	2	most	most	ADV
faba-150	104	3	trusted	trust	VERB
faba-150	104	4	is	be	AUX
faba-150	104	5	the	the	DET
faba-150	104	6	price	price	NOUN
faba-150	104	7	-	-	PUNCT
faba-150	104	8	earnings	earning	NOUN
faba-150	104	9	(	(	PUNCT
faba-150	104	10	p	p	X
faba-150	104	11	/	/	SYM
faba-150	104	12	e	e	NOUN
faba-150	104	13	)	)	PUNCT
faba-150	104	14	multiple	multiple	NOUN
faba-150	104	15	,	,	PUNCT
faba-150	104	16	used	use	VERB
faba-150	104	17	by	by	ADP
faba-150	104	18	68	68	NUM
faba-150	104	19	%	%	NOUN
faba-150	104	20	of	of	ADP
faba-150	104	21	respondents	respondent	NOUN
faba-150	104	22	.	.	PUNCT
faba-150	105	1	the	the	DET
faba-150	105	2	price	price	NOUN
faba-150	105	3	to	to	ADP
faba-150	105	4	book	book	NOUN
faba-150	105	5	value	value	NOUN
faba-150	105	6	(	(	PUNCT
faba-150	105	7	p	p	X
faba-150	105	8	/	/	SYM
faba-150	105	9	bv	bv	NOUN
faba-150	105	10	)	)	PUNCT
faba-150	105	11	,	,	PUNCT
faba-150	105	12	enterprise	enterprise	NOUN
faba-150	105	13	value	value	NOUN
faba-150	105	14	/	/	SYM
faba-150	105	15	ebit	ebit	NOUN
faba-150	105	16	and	and	CCONJ
faba-150	105	17	enterprise	enterprise	NOUN
faba-150	105	18	value	value	NOUN
faba-150	105	19	/	/	SYM
faba-150	105	20	sales	sale	NOUN
faba-150	105	21	ratios	ratio	NOUN
faba-150	105	22	are	be	AUX
faba-150	105	23	used	use	VERB
faba-150	105	24	by	by	ADP
faba-150	105	25	about	about	ADV
faba-150	105	26	45	45	NUM
faba-150	105	27	%	%	NOUN
faba-150	105	28	of	of	ADP
faba-150	105	29	experts	expert	NOUN
faba-150	105	30	each	each	PRON
faba-150	105	31	.	.	PUNCT
faba-150	106	1	a	a	DET
faba-150	106	2	survey	survey	NOUN
faba-150	106	3	on	on	ADP
faba-150	106	4	the	the	DET
faba-150	106	5	company	company	NOUN
faba-150	106	6	valuation	valuation	NOUN
faba-150	106	7	methods	method	NOUN
faba-150	106	8	used	use	VERB
faba-150	106	9	in	in	ADP
faba-150	106	10	bulgaria	bulgaria	PROPN
faba-150	106	11	purpose	purpose	NOUN
faba-150	106	12	and	and	CCONJ
faba-150	106	13	setting	setting	NOUN
faba-150	106	14	of	of	ADP
faba-150	106	15	the	the	DET
faba-150	106	16	present	present	ADJ
faba-150	106	17	survey	survey	NOUN
faba-150	106	18	the	the	DET
faba-150	106	19	main	main	ADJ
faba-150	106	20	goal	goal	NOUN
faba-150	106	21	of	of	ADP
faba-150	106	22	the	the	DET
faba-150	106	23	survey	survey	NOUN
faba-150	106	24	is	be	AUX
faba-150	106	25	to	to	PART
faba-150	106	26	establish	establish	VERB
faba-150	106	27	the	the	DET
faba-150	106	28	combinations	combination	NOUN
faba-150	106	29	of	of	ADP
faba-150	106	30	approaches	approach	NOUN
faba-150	106	31	,	,	PUNCT
faba-150	106	32	methods	method	NOUN
faba-150	106	33	and	and	CCONJ
faba-150	106	34	models	model	NOUN
faba-150	106	35	for	for	ADP
faba-150	106	36	the	the	DET
faba-150	106	37	valuation	valuation	NOUN
faba-150	106	38	of	of	ADP
faba-150	106	39	enterprises	enterprise	NOUN
faba-150	106	40	,	,	PUNCT
faba-150	106	41	preferred	prefer	VERB
faba-150	106	42	by	by	ADP
faba-150	106	43	professional	professional	ADJ
faba-150	106	44	analysts	analyst	NOUN
faba-150	106	45	and	and	CCONJ
faba-150	106	46	appraisers	appraiser	NOUN
faba-150	106	47	in	in	ADP
faba-150	106	48	bulgaria	bulgaria	PROPN
faba-150	106	49	.	.	PUNCT
faba-150	107	1	one	one	NUM
faba-150	107	2	of	of	ADP
faba-150	107	3	the	the	DET
faba-150	107	4	tasks	task	NOUN
faba-150	107	5	is	be	AUX
faba-150	107	6	to	to	PART
faba-150	107	7	compare	compare	VERB
faba-150	107	8	them	they	PRON
faba-150	107	9	with	with	ADP
faba-150	107	10	the	the	DET
faba-150	107	11	preferences	preference	NOUN
faba-150	107	12	and	and	CCONJ
faba-150	107	13	practices	practice	NOUN
faba-150	107	14	of	of	ADP
faba-150	107	15	cfa	cfa	PROPN
faba-150	107	16	analysts	analyst	NOUN
faba-150	107	17	in	in	ADP
faba-150	107	18	europe	europe	PROPN
faba-150	107	19	and	and	CCONJ
faba-150	107	20	in	in	ADP
faba-150	107	21	the	the	DET
faba-150	107	22	world	world	NOUN
faba-150	107	23	,	,	PUNCT
faba-150	107	24	discussed	discuss	VERB
faba-150	107	25	in	in	ADP
faba-150	107	26	the	the	DET
faba-150	107	27	previous	previous	ADJ
faba-150	107	28	section	section	NOUN
faba-150	107	29	.	.	PUNCT
faba-150	108	1	the	the	DET
faba-150	108	2	survey	survey	NOUN
faba-150	108	3	is	be	AUX
faba-150	108	4	aimed	aim	VERB
faba-150	108	5	primarily	primarily	ADV
faba-150	108	6	at	at	ADP
faba-150	108	7	certified	certify	VERB
faba-150	108	8	independent	independent	ADJ
faba-150	108	9	appraisers	appraiser	NOUN
faba-150	108	10	of	of	ADP
faba-150	108	11	enterprises	enterprise	NOUN
faba-150	108	12	and	and	CCONJ
faba-150	108	13	certified	certify	VERB
faba-150	108	14	independent	independent	ADJ
faba-150	108	15	appraisers	appraiser	NOUN
faba-150	108	16	of	of	ADP
faba-150	108	17	financial	financial	ADJ
faba-150	108	18	assets	asset	NOUN
faba-150	108	19	and	and	CCONJ
faba-150	108	20	financial	financial	ADJ
faba-150	108	21	institutions	institution	NOUN
faba-150	108	22	(	(	PUNCT
faba-150	108	23	fafi	fafi	PROPN
faba-150	108	24	)	)	PUNCT
faba-150	108	25	in	in	ADP
faba-150	108	26	bulgaria	bulgaria	PROPN
faba-150	108	27	.	.	PUNCT
faba-150	109	1	many	many	ADJ
faba-150	109	2	of	of	ADP
faba-150	109	3	them	they	PRON
faba-150	109	4	work	work	VERB
faba-150	109	5	as	as	ADP
faba-150	109	6	financial	financial	ADJ
faba-150	109	7	analysts	analyst	NOUN
faba-150	109	8	and/or	and/or	CCONJ
faba-150	109	9	consultants	consultant	NOUN
faba-150	109	10	in	in	ADP
faba-150	109	11	the	the	DET
faba-150	109	12	financial	financial	ADJ
faba-150	109	13	and	and	CCONJ
faba-150	109	14	real	real	ADJ
faba-150	109	15	sector	sector	NOUN
faba-150	109	16	.	.	PUNCT
faba-150	110	1	the	the	DET
faba-150	110	2	survey	survey	NOUN
faba-150	110	3	questions	question	NOUN
faba-150	110	4	were	be	AUX
faba-150	110	5	emailed	email	VERB
faba-150	110	6	to	to	ADP
faba-150	110	7	approximately	approximately	ADV
faba-150	110	8	150	150	NUM
faba-150	110	9	certified	certify	VERB
faba-150	110	10	independent	independent	ADJ
faba-150	110	11	appraisers	appraiser	NOUN
faba-150	110	12	of	of	ADP
faba-150	110	13	enterprises	enterprise	NOUN
faba-150	110	14	and	and	CCONJ
faba-150	110	15	of	of	ADP
faba-150	110	16	financial	financial	ADJ
faba-150	110	17	assets	asset	NOUN
faba-150	110	18	and	and	CCONJ
faba-150	110	19	financial	financial	ADJ
faba-150	110	20	institutions	institution	NOUN
faba-150	110	21	(	(	PUNCT
faba-150	110	22	fafi	fafi	PROPN
faba-150	110	23	)	)	PUNCT
faba-150	110	24	.	.	PUNCT
faba-150	111	1	the	the	DET
faba-150	111	2	total	total	ADJ
faba-150	111	3	number	number	NOUN
faba-150	111	4	of	of	ADP
faba-150	111	5	respondents	respondent	NOUN
faba-150	111	6	to	to	ADP
faba-150	111	7	the	the	DET
faba-150	111	8	survey	survey	NOUN
faba-150	111	9	is	be	AUX
faba-150	111	10	50	50	NUM
faba-150	111	11	,	,	PUNCT
faba-150	111	12	which	which	PRON
faba-150	111	13	is	be	AUX
faba-150	111	14	about	about	ADV
faba-150	111	15	33	33	NUM
faba-150	111	16	%	%	NOUN
faba-150	111	17	of	of	ADP
faba-150	111	18	potential	potential	ADJ
faba-150	111	19	respondents	respondent	NOUN
faba-150	111	20	addressed	address	VERB
faba-150	111	21	.	.	PUNCT
faba-150	112	1	the	the	DET
faba-150	112	2	survey	survey	NOUN
faba-150	112	3	is	be	AUX
faba-150	112	4	completely	completely	ADV
faba-150	112	5	anonymous	anonymous	ADJ
faba-150	112	6	,	,	PUNCT
faba-150	112	7	but	but	CCONJ
faba-150	112	8	it	it	PRON
faba-150	112	9	is	be	AUX
faba-150	112	10	known	know	VERB
faba-150	112	11	that	that	SCONJ
faba-150	112	12	among	among	ADP
faba-150	112	13	the	the	DET
faba-150	112	14	respondents	respondent	NOUN
faba-150	112	15	are	be	AUX
faba-150	112	16	most	most	ADJ
faba-150	112	17	of	of	ADP
faba-150	112	18	the	the	DET
faba-150	112	19	specialists	specialist	NOUN
faba-150	112	20	appraisers	appraiser	NOUN
faba-150	112	21	and	and	CCONJ
faba-150	112	22	analysts	analyst	NOUN
faba-150	112	23	actively	actively	ADV
faba-150	112	24	dealing	deal	VERB
faba-150	112	25	with	with	ADP
faba-150	112	26	these	these	DET
faba-150	112	27	issues	issue	NOUN
faba-150	112	28	at	at	ADP
faba-150	112	29	the	the	DET
faba-150	112	30	current	current	ADJ
faba-150	112	31	stage	stage	NOUN
faba-150	112	32	,	,	PUNCT
faba-150	112	33	from	from	ADP
faba-150	112	34	the	the	DET
faba-150	112	35	companies	company	NOUN
faba-150	112	36	that	that	PRON
faba-150	112	37	are	be	AUX
faba-150	112	38	members	member	NOUN
faba-150	112	39	of	of	ADP
faba-150	112	40	the	the	DET
faba-150	112	41	chamber	chamber	PROPN
faba-150	112	42	of	of	ADP
faba-150	112	43	professional	professional	ADJ
faba-150	112	44	appraisers	appraiser	NOUN
faba-150	112	45	in	in	ADP
faba-150	112	46	bulgaria	bulgaria	PROPN
faba-150	112	47	.	.	PUNCT
faba-150	113	1	the	the	DET
faba-150	113	2	survey	survey	NOUN
faba-150	113	3	is	be	AUX
faba-150	113	4	a	a	DET
faba-150	113	5	relatively	relatively	ADV
faba-150	113	6	short	short	ADJ
faba-150	113	7	one	one	NUM
faba-150	113	8	and	and	CCONJ
faba-150	113	9	includes	include	VERB
faba-150	113	10	only	only	ADV
faba-150	113	11	7	7	NUM
faba-150	113	12	questions	question	NOUN
faba-150	113	13	,	,	PUNCT
faba-150	113	14	each	each	PRON
faba-150	113	15	of	of	ADP
faba-150	113	16	which	which	PRON
faba-150	113	17	has	have	VERB
faba-150	113	18	ready	ready	ADV
faba-150	113	19	-	-	PUNCT
faba-150	113	20	made	make	VERB
faba-150	113	21	possible	possible	ADJ
faba-150	113	22	answers	answer	NOUN
faba-150	113	23	.	.	PUNCT
faba-150	114	1	the	the	DET
faba-150	114	2	questions	question	NOUN
faba-150	114	3	are	be	AUX
faba-150	114	4	as	as	SCONJ
faba-150	114	5	follows	follow	VERB
faba-150	114	6	:	:	PUNCT
faba-150	114	7	question	question	NOUN
faba-150	114	8	1	1	NUM
faba-150	114	9	:	:	PUNCT
faba-150	114	10	in	in	ADP
faba-150	114	11	what	what	DET
faba-150	114	12	capacity	capacity	NOUN
faba-150	114	13	are	be	AUX
faba-150	114	14	you	you	PRON
faba-150	114	15	most	most	ADV
faba-150	114	16	often	often	ADV
faba-150	114	17	required	require	VERB
faba-150	114	18	to	to	AUX
faba-150	114	19	value	value	NOUN
faba-150	114	20	enterprises	enterprise	NOUN
faba-150	114	21	and	and	CCONJ
faba-150	114	22	their	their	PRON
faba-150	114	23	shares	share	NOUN
faba-150	114	24	?	?	PUNCT
faba-150	115	1	0	0	NUM
faba-150	115	2	%	%	NOUN
faba-150	115	3	10	10	NUM
faba-150	115	4	%	%	NOUN
faba-150	115	5	20	20	NUM
faba-150	115	6	%	%	NOUN
faba-150	115	7	30	30	NUM
faba-150	115	8	%	%	NOUN
faba-150	115	9	40	40	NUM
faba-150	115	10	%	%	NOUN
faba-150	115	11	50	50	NUM
faba-150	115	12	%	%	NOUN
faba-150	115	13	60	60	NUM
faba-150	115	14	%	%	NOUN
faba-150	115	15	70	70	NUM
faba-150	115	16	%	%	NOUN
faba-150	115	17	80	80	NUM
faba-150	115	18	%	%	NOUN
faba-150	115	19	90	90	NUM
faba-150	115	20	%	%	NOUN
faba-150	115	21	firm	firm	ADJ
faba-150	115	22	value	value	NOUN
faba-150	115	23	/	/	SYM
faba-150	115	24	ebitda	ebitda	PROPN
faba-150	115	25	pe	pe	PROPN
faba-150	115	26	ratio	ratio	NOUN
faba-150	115	27	firm	firm	PROPN
faba-150	115	28	value	value	NOUN
faba-150	115	29	/	/	SYM
faba-150	115	30	ebit	ebit	NOUN
faba-150	115	31	price	price	NOUN
faba-150	115	32	-	-	PUNCT
faba-150	115	33	book	book	NOUN
faba-150	115	34	ratio	ratio	NOUN
faba-150	115	35	firm	firm	NOUN
faba-150	115	36	value	value	NOUN
faba-150	115	37	/	/	SYM
faba-150	115	38	sales	sale	NOUN
faba-150	115	39	other	other	ADJ
faba-150	115	40	survey	survey	NOUN
faba-150	115	41	evidence	evidence	NOUN
faba-150	115	42	:	:	PUNCT
faba-150	115	43	which	which	DET
faba-150	115	44	multiples	multiple	NOUN
faba-150	115	45	are	be	AUX
faba-150	115	46	most	most	ADV
faba-150	115	47	popular	popular	ADJ
faba-150	115	48	?	?	PUNCT
faba-150	116	1	dimiter	dimiter	NOUN
faba-150	116	2	nenkov	nenkov	PROPN
faba-150	116	3	/	/	SYM
faba-150	116	4	finance	finance	NOUN
faba-150	116	5	,	,	PUNCT
faba-150	116	6	accounting	accounting	NOUN
faba-150	116	7	and	and	CCONJ
faba-150	116	8	business	business	NOUN
faba-150	116	9	analysis	analysis	NOUN
faba-150	116	10	,	,	PUNCT
faba-150	116	11	volume	volume	NOUN
faba-150	116	12	5	5	NUM
faba-150	116	13	,	,	PUNCT
faba-150	116	14	issue	issue	NOUN
faba-150	116	15	1	1	NUM
faba-150	116	16	,	,	PUNCT
faba-150	116	17	2023	2023	NUM
faba-150	116	18	6	6	NUM
faba-150	116	19	question	question	NOUN
faba-150	116	20	2	2	NUM
faba-150	116	21	:	:	PUNCT
faba-150	116	22	do	do	AUX
faba-150	116	23	you	you	PRON
faba-150	116	24	hold	hold	VERB
faba-150	116	25	a	a	DET
faba-150	116	26	certificate	certificate	NOUN
faba-150	116	27	/	/	SYM
faba-150	116	28	s	s	NOUN
faba-150	116	29	of	of	ADP
faba-150	116	30	qualification	qualification	NOUN
faba-150	116	31	in	in	ADP
faba-150	116	32	the	the	DET
faba-150	116	33	field	field	NOUN
faba-150	116	34	of	of	ADP
faba-150	116	35	enterprise	enterprise	NOUN
faba-150	116	36	and	and	CCONJ
faba-150	116	37	common	common	ADJ
faba-150	116	38	stock	stock	NOUN
faba-150	116	39	valuation	valuation	NOUN
faba-150	116	40	?	?	PUNCT
faba-150	117	1	question	question	NOUN
faba-150	117	2	3	3	NUM
faba-150	117	3	:	:	PUNCT
faba-150	117	4	indicate	indicate	VERB
faba-150	117	5	which	which	PRON
faba-150	117	6	of	of	ADP
faba-150	117	7	the	the	DET
faba-150	117	8	following	follow	VERB
faba-150	117	9	methods	method	NOUN
faba-150	117	10	you	you	PRON
faba-150	117	11	prefer	prefer	VERB
faba-150	117	12	as	as	ADP
faba-150	117	13	the	the	DET
faba-150	117	14	most	most	ADV
faba-150	117	15	reliable	reliable	ADJ
faba-150	117	16	in	in	ADP
faba-150	117	17	principle	principle	NOUN
faba-150	117	18	(	(	PUNCT
faba-150	117	19	the	the	DET
faba-150	117	20	more	more	ADV
faba-150	117	21	popular	popular	ADJ
faba-150	117	22	methods	method	NOUN
faba-150	117	23	and	and	CCONJ
faba-150	117	24	estimation	estimation	NOUN
faba-150	117	25	models	model	NOUN
faba-150	117	26	are	be	AUX
faba-150	117	27	listed	list	VERB
faba-150	117	28	)	)	PUNCT
faba-150	117	29	.	.	PUNCT
faba-150	118	1	question	question	NOUN
faba-150	118	2	4	4	NUM
faba-150	118	3	:	:	PUNCT
faba-150	118	4	how	how	SCONJ
faba-150	118	5	many	many	ADJ
faba-150	118	6	methods	method	NOUN
faba-150	118	7	(	(	PUNCT
faba-150	118	8	models	model	NOUN
faba-150	118	9	)	)	PUNCT
faba-150	118	10	do	do	AUX
faba-150	118	11	you	you	PRON
faba-150	118	12	usually	usually	ADV
faba-150	118	13	use	use	VERB
faba-150	118	14	for	for	ADP
faba-150	118	15	one	one	NUM
faba-150	118	16	valuation	valuation	NOUN
faba-150	118	17	?	?	PUNCT
faba-150	119	1	question	question	NOUN
faba-150	119	2	5	5	NUM
faba-150	119	3	:	:	PUNCT
faba-150	119	4	indicate	indicate	VERB
faba-150	119	5	the	the	DET
faba-150	119	6	methods	method	NOUN
faba-150	119	7	and	and	CCONJ
faba-150	119	8	models	model	NOUN
faba-150	119	9	that	that	PRON
faba-150	119	10	are	be	AUX
faba-150	119	11	most	most	ADV
faba-150	119	12	often	often	ADV
faba-150	119	13	included	include	VERB
faba-150	119	14	in	in	ADP
faba-150	119	15	the	the	DET
faba-150	119	16	combination	combination	NOUN
faba-150	119	17	of	of	ADP
faba-150	119	18	methods	method	NOUN
faba-150	119	19	and	and	CCONJ
faba-150	119	20	models	model	NOUN
faba-150	119	21	you	you	PRON
faba-150	119	22	use	use	VERB
faba-150	119	23	in	in	ADP
faba-150	119	24	a	a	DET
faba-150	119	25	valuation	valuation	NOUN
faba-150	119	26	?	?	PUNCT
faba-150	120	1	question	question	NOUN
faba-150	120	2	6	6	NUM
faba-150	120	3	:	:	PUNCT
faba-150	120	4	assuming	assume	VERB
faba-150	120	5	that	that	SCONJ
faba-150	120	6	there	there	PRON
faba-150	120	7	are	be	VERB
faba-150	120	8	three	three	NUM
faba-150	120	9	main	main	ADJ
faba-150	120	10	approaches	approach	NOUN
faba-150	120	11	to	to	ADP
faba-150	120	12	deriving	derive	VERB
faba-150	120	13	enterprise	enterprise	NOUN
faba-150	120	14	value	value	NOUN
faba-150	120	15	1/	1/	NUM
faba-150	120	16	assetbased	assetbase	VERB
faba-150	120	17	approach	approach	NOUN
faba-150	120	18	,	,	PUNCT
faba-150	120	19	2/	2/	NUM
faba-150	120	20	income	income	NOUN
faba-150	120	21	-	-	PUNCT
faba-150	120	22	based	base	VERB
faba-150	120	23	(	(	PUNCT
faba-150	120	24	discounted	discount	VERB
faba-150	120	25	cash	cash	NOUN
faba-150	120	26	flow	flow	NOUN
faba-150	120	27	)	)	PUNCT
faba-150	120	28	approach	approach	NOUN
faba-150	120	29	and	and	CCONJ
faba-150	120	30	3/	3/	NUM
faba-150	120	31	relative	relative	ADJ
faba-150	120	32	valuation	valuation	NOUN
faba-150	120	33	approach	approach	NOUN
faba-150	120	34	,	,	PUNCT
faba-150	120	35	which	which	PRON
faba-150	120	36	of	of	ADP
faba-150	120	37	the	the	DET
faba-150	120	38	three	three	NUM
faba-150	120	39	,	,	PUNCT
faba-150	120	40	according	accord	VERB
faba-150	120	41	to	to	ADP
faba-150	120	42	you	you	PRON
faba-150	120	43	,	,	PUNCT
faba-150	120	44	is	be	AUX
faba-150	120	45	the	the	DET
faba-150	120	46	most	most	ADV
faba-150	120	47	reliable	reliable	ADJ
faba-150	120	48	in	in	ADP
faba-150	120	49	general	general	ADJ
faba-150	120	50	?	?	PUNCT
faba-150	121	1	question	question	NOUN
faba-150	121	2	7	7	NUM
faba-150	121	3	:	:	PUNCT
faba-150	121	4	in	in	ADP
faba-150	121	5	your	your	PRON
faba-150	121	6	opinion	opinion	NOUN
faba-150	121	7	,	,	PUNCT
faba-150	121	8	how	how	SCONJ
faba-150	121	9	much	much	ADJ
faba-150	121	10	should	should	AUX
faba-150	121	11	be	be	AUX
faba-150	121	12	the	the	DET
faba-150	121	13	discount	discount	NOUN
faba-150	121	14	rate	rate	NOUN
faba-150	121	15	used	use	VERB
faba-150	121	16	in	in	ADP
faba-150	121	17	the	the	DET
faba-150	121	18	dcf	dcf	PROPN
faba-150	121	19	enterprise	enterprise	NOUN
faba-150	121	20	model	model	NOUN
faba-150	121	21	(	(	PUNCT
faba-150	121	22	i.e.	i.e.	X
faba-150	121	23	wacc	wacc	PROPN
faba-150	121	24	)	)	PUNCT
faba-150	121	25	,	,	PUNCT
faba-150	121	26	when	when	SCONJ
faba-150	121	27	valuing	value	VERB
faba-150	121	28	an	an	DET
faba-150	121	29	average	average	ADJ
faba-150	121	30	enterprise	enterprise	NOUN
faba-150	121	31	in	in	ADP
faba-150	121	32	bulgaria	bulgaria	PROPN
faba-150	121	33	in	in	ADP
faba-150	121	34	2022	2022	NUM
faba-150	121	35	?	?	PUNCT
faba-150	122	1	survey	survey	NOUN
faba-150	122	2	results	result	VERB
faba-150	122	3	the	the	DET
faba-150	122	4	first	first	ADJ
faba-150	122	5	two	two	NUM
faba-150	122	6	questions	question	NOUN
faba-150	122	7	in	in	ADP
faba-150	122	8	the	the	DET
faba-150	122	9	survey	survey	NOUN
faba-150	122	10	are	be	AUX
faba-150	122	11	expected	expect	VERB
faba-150	122	12	to	to	PART
faba-150	122	13	give	give	VERB
faba-150	122	14	some	some	DET
faba-150	122	15	insight	insight	NOUN
faba-150	122	16	into	into	ADP
faba-150	122	17	the	the	DET
faba-150	122	18	professional	professional	ADJ
faba-150	122	19	qualifications	qualification	NOUN
faba-150	122	20	and	and	CCONJ
faba-150	122	21	experience	experience	NOUN
faba-150	122	22	of	of	ADP
faba-150	122	23	the	the	DET
faba-150	122	24	surveyed	survey	VERB
faba-150	122	25	experts	expert	NOUN
faba-150	122	26	.	.	PUNCT
faba-150	123	1	the	the	DET
faba-150	123	2	first	first	ADJ
faba-150	123	3	question	question	NOUN
faba-150	123	4	,	,	PUNCT
faba-150	123	5	along	along	ADP
faba-150	123	6	with	with	ADP
faba-150	123	7	the	the	DET
faba-150	123	8	preset	preset	ADJ
faba-150	123	9	possible	possible	ADJ
faba-150	123	10	answers	answer	NOUN
faba-150	123	11	,	,	PUNCT
faba-150	123	12	looks	look	VERB
faba-150	123	13	like	like	ADP
faba-150	123	14	this	this	PRON
faba-150	123	15	:	:	PUNCT
faba-150	123	16	in	in	SCONJ
faba-150	123	17	what	what	DET
faba-150	123	18	role	role	NOUN
faba-150	123	19	are	be	AUX
faba-150	123	20	you	you	PRON
faba-150	123	21	most	most	ADV
faba-150	123	22	often	often	ADV
faba-150	123	23	required	require	VERB
faba-150	123	24	to	to	PART
faba-150	123	25	value	value	VERB
faba-150	123	26	entire	entire	ADJ
faba-150	123	27	businesses	business	NOUN
faba-150	123	28	and	and	CCONJ
faba-150	123	29	their	their	PRON
faba-150	123	30	common	common	ADJ
faba-150	123	31	stock	stock	NOUN
faba-150	123	32	or	or	CCONJ
faba-150	123	33	units	unit	NOUN
faba-150	123	34	?	?	PUNCT
faba-150	124	1	(	(	PUNCT
faba-150	124	2	you	you	PRON
faba-150	124	3	may	may	AUX
faba-150	124	4	indicate	indicate	VERB
faba-150	124	5	more	more	ADJ
faba-150	124	6	than	than	ADP
faba-150	124	7	one	one	NUM
faba-150	124	8	possible	possible	ADJ
faba-150	124	9	answer	answer	NOUN
faba-150	124	10	):	):	PUNCT
faba-150	124	11	a.	a.	NOUN
faba-150	124	12	as	as	ADP
faba-150	124	13	a	a	DET
faba-150	124	14	certified	certified	ADJ
faba-150	124	15	appraiser	appraiser	NOUN
faba-150	124	16	of	of	ADP
faba-150	124	17	enterprises	enterprise	NOUN
faba-150	124	18	b.	b.	PROPN
faba-150	124	19	as	as	ADP
faba-150	124	20	a	a	DET
faba-150	124	21	certified	certified	ADJ
faba-150	124	22	appraiser	appraiser	NOUN
faba-150	124	23	of	of	ADP
faba-150	124	24	financial	financial	ADJ
faba-150	124	25	assets	asset	NOUN
faba-150	124	26	and	and	CCONJ
faba-150	124	27	financial	financial	ADJ
faba-150	124	28	institutions	institution	NOUN
faba-150	124	29	c.	c.	PROPN
faba-150	124	30	as	as	ADP
faba-150	124	31	a	a	DET
faba-150	124	32	financial	financial	ADJ
faba-150	124	33	analyst	analyst	NOUN
faba-150	124	34	in	in	ADP
faba-150	124	35	an	an	DET
faba-150	124	36	investment	investment	NOUN
faba-150	124	37	brokerage	brokerage	NOUN
faba-150	124	38	firm	firm	NOUN
faba-150	124	39	or	or	CCONJ
faba-150	124	40	another	another	DET
faba-150	124	41	company	company	NOUN
faba-150	124	42	d.	d.	NOUN
faba-150	124	43	as	as	ADP
faba-150	124	44	an	an	DET
faba-150	124	45	expert	expert	NOUN
faba-150	124	46	in	in	ADP
faba-150	124	47	a	a	DET
faba-150	124	48	consulting	consult	VERB
faba-150	124	49	company	company	NOUN
faba-150	124	50	e.	e.	PROPN
faba-150	124	51	other	other	ADJ
faba-150	124	52	the	the	DET
faba-150	124	53	distribution	distribution	NOUN
faba-150	124	54	of	of	ADP
faba-150	124	55	responses	response	NOUN
faba-150	124	56	to	to	ADP
faba-150	124	57	the	the	DET
faba-150	124	58	first	first	ADJ
faba-150	124	59	question	question	NOUN
faba-150	124	60	by	by	ADP
faba-150	124	61	the	the	DET
faba-150	124	62	50	50	NUM
faba-150	124	63	respondents	respondent	NOUN
faba-150	124	64	is	be	AUX
faba-150	124	65	shown	show	VERB
faba-150	124	66	in	in	ADP
faba-150	124	67	figure	figure	NOUN
faba-150	124	68	4	4	NUM
faba-150	124	69	.	.	PUNCT
faba-150	125	1	usually	usually	ADV
faba-150	125	2	82	82	NUM
faba-150	125	3	%	%	NOUN
faba-150	125	4	of	of	ADP
faba-150	125	5	the	the	DET
faba-150	125	6	respondents	respondent	NOUN
faba-150	125	7	have	have	VERB
faba-150	125	8	to	to	PART
faba-150	125	9	value	value	VERB
faba-150	125	10	companies	company	NOUN
faba-150	125	11	and	and	CCONJ
faba-150	125	12	shares	share	NOUN
faba-150	125	13	as	as	ADP
faba-150	125	14	certified	certify	VERB
faba-150	125	15	independent	independent	ADJ
faba-150	125	16	appraisers	appraiser	NOUN
faba-150	125	17	of	of	ADP
faba-150	125	18	enterprises	enterprise	NOUN
faba-150	125	19	,	,	PUNCT
faba-150	125	20	and	and	CCONJ
faba-150	125	21	10	10	NUM
faba-150	125	22	%	%	NOUN
faba-150	125	23	as	as	ADP
faba-150	125	24	certified	certify	VERB
faba-150	125	25	independent	independent	ADJ
faba-150	125	26	appraisers	appraiser	NOUN
faba-150	125	27	of	of	ADP
faba-150	125	28	fafi	fafi	NOUN
faba-150	125	29	.	.	PUNCT
faba-150	126	1	also	also	ADV
faba-150	126	2	,	,	PUNCT
faba-150	126	3	20	20	NUM
faba-150	126	4	%	%	NOUN
faba-150	126	5	are	be	AUX
faba-150	126	6	experts	expert	NOUN
faba-150	126	7	in	in	ADP
faba-150	126	8	consulting	consult	VERB
faba-150	126	9	companies	company	NOUN
faba-150	126	10	.	.	PUNCT
faba-150	127	1	financial	financial	ADJ
faba-150	127	2	analysts	analyst	NOUN
faba-150	127	3	in	in	ADP
faba-150	127	4	investment	investment	NOUN
faba-150	127	5	brokerage	brokerage	NOUN
faba-150	127	6	firms	firm	NOUN
faba-150	127	7	are	be	AUX
faba-150	127	8	12	12	NUM
faba-150	127	9	%	%	NOUN
faba-150	127	10	.	.	PUNCT
faba-150	128	1	the	the	DET
faba-150	128	2	answer	answer	NOUN
faba-150	128	3	"	"	PUNCT
faba-150	128	4	other	other	ADJ
faba-150	128	5	"	"	PUNCT
faba-150	128	6	was	be	AUX
faba-150	128	7	indicated	indicate	VERB
faba-150	128	8	by	by	ADP
faba-150	128	9	16	16	NUM
faba-150	128	10	%	%	NOUN
faba-150	128	11	of	of	ADP
faba-150	128	12	the	the	DET
faba-150	128	13	respondents	respondent	NOUN
faba-150	128	14	.	.	PUNCT
faba-150	129	1	the	the	DET
faba-150	129	2	sum	sum	NOUN
faba-150	129	3	of	of	ADP
faba-150	129	4	these	these	DET
faba-150	129	5	percentages	percentage	NOUN
faba-150	129	6	is	be	AUX
faba-150	129	7	140	140	NUM
faba-150	129	8	%	%	NOUN
faba-150	129	9	because	because	SCONJ
faba-150	129	10	more	more	ADJ
faba-150	129	11	than	than	ADP
faba-150	129	12	one	one	NUM
faba-150	129	13	possible	possible	ADJ
faba-150	129	14	answer	answer	NOUN
faba-150	129	15	was	be	AUX
faba-150	129	16	given	give	VERB
faba-150	129	17	.	.	PUNCT
faba-150	130	1	this	this	DET
faba-150	130	2	amount	amount	NOUN
faba-150	130	3	of	of	ADP
faba-150	130	4	140	140	NUM
faba-150	130	5	%	%	NOUN
faba-150	130	6	means	mean	VERB
faba-150	130	7	that	that	SCONJ
faba-150	130	8	a	a	DET
faba-150	130	9	large	large	ADJ
faba-150	130	10	proportion	proportion	NOUN
faba-150	130	11	of	of	ADP
faba-150	130	12	respondents	respondent	NOUN
faba-150	130	13	value	value	NOUN
faba-150	130	14	companies	company	NOUN
faba-150	130	15	simultaneously	simultaneously	ADV
faba-150	130	16	in	in	ADP
faba-150	130	17	two	two	NUM
faba-150	130	18	or	or	CCONJ
faba-150	130	19	more	more	ADJ
faba-150	130	20	capacities	capacity	NOUN
faba-150	130	21	.	.	PUNCT
faba-150	131	1	source	source	NOUN
faba-150	131	2	:	:	PUNCT
faba-150	131	3	survey	survey	NOUN
faba-150	131	4	and	and	CCONJ
faba-150	131	5	calculations	calculation	NOUN
faba-150	131	6	by	by	ADP
faba-150	131	7	the	the	DET
faba-150	131	8	author	author	NOUN
faba-150	131	9	figure	figure	NOUN
faba-150	131	10	4	4	NUM
faba-150	131	11	.	.	PUNCT
faba-150	132	1	answers	answer	NOUN
faba-150	132	2	to	to	PART
faba-150	132	3	question	question	VERB
faba-150	132	4	1	1	NUM
faba-150	132	5	82	82	NUM
faba-150	132	6	%	%	NOUN
faba-150	132	7	10	10	NUM
faba-150	132	8	%	%	NOUN
faba-150	132	9	12	12	NUM
faba-150	132	10	%	%	NOUN
faba-150	132	11	20	20	NUM
faba-150	132	12	%	%	NOUN
faba-150	132	13	16	16	NUM
faba-150	132	14	%	%	NOUN
faba-150	132	15	question	question	NOUN
faba-150	132	16	1	1	NUM
faba-150	132	17	:	:	PUNCT
faba-150	132	18	in	in	ADP
faba-150	132	19	what	what	DET
faba-150	132	20	capacity	capacity	NOUN
faba-150	132	21	do	do	AUX
faba-150	132	22	you	you	PRON
faba-150	132	23	most	most	ADV
faba-150	132	24	often	often	ADV
faba-150	132	25	have	have	VERB
faba-150	132	26	to	to	PART
faba-150	132	27	value	value	VERB
faba-150	132	28	companies	company	NOUN
faba-150	132	29	and	and	CCONJ
faba-150	132	30	their	their	PRON
faba-150	132	31	shares	share	NOUN
faba-150	132	32	?	?	PUNCT
faba-150	133	1	as	as	ADP
faba-150	133	2	a	a	DET
faba-150	133	3	certified	certified	ADJ
faba-150	133	4	independent	independent	ADJ
faba-150	133	5	appraiser	appraiser	NOUN
faba-150	133	6	of	of	ADP
faba-150	133	7	enterprises	enterprise	NOUN
faba-150	133	8	as	as	ADP
faba-150	133	9	a	a	DET
faba-150	133	10	certified	certified	ADJ
faba-150	133	11	independent	independent	ADJ
faba-150	133	12	appraiser	appraiser	NOUN
faba-150	133	13	of	of	ADP
faba-150	133	14	financial	financial	ADJ
faba-150	133	15	assets	asset	NOUN
faba-150	133	16	and	and	CCONJ
faba-150	133	17	financial	financial	ADJ
faba-150	133	18	institutions	institution	NOUN
faba-150	133	19	as	as	ADP
faba-150	133	20	a	a	DET
faba-150	133	21	financial	financial	ADJ
faba-150	133	22	analyst	analyst	NOUN
faba-150	133	23	in	in	ADP
faba-150	133	24	an	an	DET
faba-150	133	25	investment	investment	NOUN
faba-150	133	26	brokerage	brokerage	NOUN
faba-150	133	27	firm	firm	NOUN
faba-150	133	28	or	or	CCONJ
faba-150	133	29	another	another	DET
faba-150	133	30	company	company	NOUN
faba-150	133	31	as	as	ADP
faba-150	133	32	an	an	DET
faba-150	133	33	expert	expert	NOUN
faba-150	133	34	in	in	ADP
faba-150	133	35	a	a	DET
faba-150	133	36	consulting	consult	VERB
faba-150	133	37	company	company	NOUN
faba-150	133	38	other	other	ADJ
faba-150	133	39	dimiter	dimiter	NOUN
faba-150	133	40	nenkov	nenkov	PROPN
faba-150	133	41	/	/	SYM
faba-150	133	42	finance	finance	NOUN
faba-150	133	43	,	,	PUNCT
faba-150	133	44	accounting	accounting	NOUN
faba-150	133	45	and	and	CCONJ
faba-150	133	46	business	business	NOUN
faba-150	133	47	analysis	analysis	NOUN
faba-150	133	48	,	,	PUNCT
faba-150	133	49	volume	volume	NOUN
faba-150	133	50	5	5	NUM
faba-150	133	51	,	,	PUNCT
faba-150	133	52	issue	issue	NOUN
faba-150	133	53	1	1	NUM
faba-150	133	54	,	,	PUNCT
faba-150	133	55	2023	2023	NUM
faba-150	133	56	7	7	NUM
faba-150	133	57	question	question	NOUN
faba-150	133	58	2	2	NUM
faba-150	133	59	is	be	AUX
faba-150	133	60	as	as	SCONJ
faba-150	133	61	follows	follow	VERB
faba-150	133	62	:	:	PUNCT
faba-150	133	63	do	do	AUX
faba-150	133	64	you	you	PRON
faba-150	133	65	hold	hold	VERB
faba-150	133	66	a	a	DET
faba-150	133	67	certificate	certificate	NOUN
faba-150	133	68	/	/	SYM
faba-150	133	69	s	s	NOUN
faba-150	133	70	of	of	ADP
faba-150	133	71	qualification	qualification	NOUN
faba-150	133	72	in	in	ADP
faba-150	133	73	the	the	DET
faba-150	133	74	field	field	NOUN
faba-150	133	75	of	of	ADP
faba-150	133	76	enterprise	enterprise	NOUN
faba-150	133	77	and	and	CCONJ
faba-150	133	78	common	common	ADJ
faba-150	133	79	stock	stock	NOUN
faba-150	133	80	valuation	valuation	NOUN
faba-150	133	81	?	?	PUNCT
faba-150	134	1	(	(	PUNCT
faba-150	134	2	you	you	PRON
faba-150	134	3	may	may	AUX
faba-150	134	4	indicate	indicate	VERB
faba-150	134	5	more	more	ADJ
faba-150	134	6	than	than	ADP
faba-150	134	7	one	one	NUM
faba-150	134	8	possible	possible	ADJ
faba-150	134	9	answer	answer	NOUN
faba-150	134	10	):	):	PUNCT
faba-150	134	11	a.	a.	NOUN
faba-150	134	12	certificate	certificate	NOUN
faba-150	134	13	of	of	ADP
faba-150	134	14	independent	independent	ADJ
faba-150	134	15	appraiser	appraiser	NOUN
faba-150	134	16	of	of	ADP
faba-150	134	17	enterprises	enterprise	NOUN
faba-150	134	18	b.	b.	PROPN
faba-150	134	19	certificate	certificate	PROPN
faba-150	134	20	of	of	ADP
faba-150	134	21	independent	independent	ADJ
faba-150	134	22	appraiser	appraiser	NOUN
faba-150	134	23	of	of	ADP
faba-150	134	24	financial	financial	ADJ
faba-150	134	25	assets	asset	NOUN
faba-150	134	26	and	and	CCONJ
faba-150	134	27	financial	financial	ADJ
faba-150	134	28	institutions	institution	NOUN
faba-150	134	29	c.	c.	PROPN
faba-150	134	30	certified	certify	VERB
faba-150	134	31	financial	financial	ADJ
faba-150	134	32	analyst	analyst	NOUN
faba-150	134	33	(	(	PUNCT
faba-150	134	34	cfa	cfa	PROPN
faba-150	134	35	)	)	PUNCT
faba-150	134	36	certificate	certificate	PROPN
faba-150	134	37	d.	d.	PROPN
faba-150	134	38	other	other	ADJ
faba-150	134	39	certificate	certificate	NOUN
faba-150	134	40	or	or	CCONJ
faba-150	134	41	document	document	NOUN
faba-150	134	42	in	in	ADP
faba-150	134	43	this	this	DET
faba-150	134	44	field	field	NOUN
faba-150	135	1	e.	e.	PROPN
faba-150	136	1	i	i	PRON
faba-150	136	2	have	have	VERB
faba-150	136	3	no	no	DET
faba-150	136	4	special	special	ADJ
faba-150	136	5	certification	certification	NOUN
faba-150	136	6	in	in	ADP
faba-150	136	7	this	this	DET
faba-150	136	8	field	field	NOUN
faba-150	136	9	figure	figure	NOUN
faba-150	136	10	5	5	NUM
faba-150	136	11	illustrates	illustrate	VERB
faba-150	136	12	the	the	DET
faba-150	136	13	distribution	distribution	NOUN
faba-150	136	14	of	of	ADP
faba-150	136	15	responses	response	NOUN
faba-150	136	16	to	to	ADP
faba-150	136	17	the	the	DET
faba-150	136	18	second	second	ADJ
faba-150	136	19	question	question	NOUN
faba-150	136	20	.	.	PUNCT
faba-150	137	1	it	it	PRON
faba-150	137	2	is	be	AUX
faba-150	137	3	evident	evident	ADJ
faba-150	137	4	from	from	ADP
faba-150	137	5	them	they	PRON
faba-150	137	6	that	that	SCONJ
faba-150	137	7	90	90	NUM
faba-150	137	8	%	%	NOUN
faba-150	137	9	of	of	ADP
faba-150	137	10	the	the	DET
faba-150	137	11	respondents	respondent	NOUN
faba-150	137	12	have	have	VERB
faba-150	137	13	a	a	DET
faba-150	137	14	certificate	certificate	NOUN
faba-150	137	15	for	for	ADP
faba-150	137	16	an	an	DET
faba-150	137	17	independent	independent	ADJ
faba-150	137	18	appraiser	appraiser	NOUN
faba-150	137	19	of	of	ADP
faba-150	137	20	enterprises	enterprise	NOUN
faba-150	137	21	,	,	PUNCT
faba-150	137	22	and	and	CCONJ
faba-150	137	23	12	12	NUM
faba-150	137	24	%	%	NOUN
faba-150	137	25	for	for	ADP
faba-150	137	26	an	an	DET
faba-150	137	27	independent	independent	ADJ
faba-150	137	28	appraiser	appraiser	NOUN
faba-150	137	29	of	of	ADP
faba-150	137	30	fafi	fafi	PROPN
faba-150	137	31	.	.	PUNCT
faba-150	138	1	certified	certify	VERB
faba-150	138	2	financial	financial	ADJ
faba-150	138	3	analysts	analyst	NOUN
faba-150	138	4	(	(	PUNCT
faba-150	138	5	cfa	cfa	NOUN
faba-150	138	6	)	)	PUNCT
faba-150	138	7	are	be	AUX
faba-150	138	8	14	14	NUM
faba-150	138	9	%	%	NOUN
faba-150	138	10	.	.	PUNCT
faba-150	139	1	other	other	ADJ
faba-150	139	2	certifications	certification	NOUN
faba-150	139	3	are	be	AUX
faba-150	139	4	held	hold	VERB
faba-150	139	5	by	by	ADP
faba-150	139	6	12	12	NUM
faba-150	139	7	%	%	NOUN
faba-150	139	8	of	of	ADP
faba-150	139	9	respondents	respondent	NOUN
faba-150	139	10	,	,	PUNCT
faba-150	139	11	including	include	VERB
faba-150	139	12	some	some	DET
faba-150	139	13	other	other	ADJ
faba-150	139	14	international	international	ADJ
faba-150	139	15	certifications	certification	NOUN
faba-150	139	16	such	such	ADJ
faba-150	139	17	as	as	ADP
faba-150	139	18	rics	ric	NOUN
faba-150	139	19	(	(	PUNCT
faba-150	139	20	royal	royal	PROPN
faba-150	139	21	institute	institute	PROPN
faba-150	139	22	of	of	ADP
faba-150	139	23	chartered	chartered	PROPN
faba-150	139	24	valuers	valuer	NOUN
faba-150	139	25	)	)	PUNCT
faba-150	139	26	,	,	PUNCT
faba-150	139	27	or	or	CCONJ
faba-150	139	28	recognized	recognize	VERB
faba-150	139	29	european	european	PROPN
faba-150	139	30	valuer	valuer	PROPN
faba-150	139	31	(	(	PUNCT
faba-150	139	32	rev	rev	PROPN
faba-150	139	33	)	)	PUNCT
faba-150	139	34	,	,	PUNCT
faba-150	139	35	etc	etc	X
faba-150	139	36	.	.	X
faba-150	139	37	only	only	ADV
faba-150	139	38	4	4	NUM
faba-150	139	39	%	%	NOUN
faba-150	139	40	of	of	ADP
faba-150	139	41	respondents	respondent	NOUN
faba-150	139	42	do	do	AUX
faba-150	139	43	not	not	PART
faba-150	139	44	have	have	VERB
faba-150	139	45	a	a	DET
faba-150	139	46	certificate	certificate	NOUN
faba-150	139	47	in	in	ADP
faba-150	139	48	this	this	DET
faba-150	139	49	field	field	NOUN
faba-150	139	50	.	.	PUNCT
faba-150	140	1	all	all	DET
faba-150	140	2	this	this	PRON
faba-150	140	3	testifies	testify	VERB
faba-150	140	4	about	about	ADP
faba-150	140	5	a	a	DET
faba-150	140	6	serious	serious	ADJ
faba-150	140	7	level	level	NOUN
faba-150	140	8	of	of	ADP
faba-150	140	9	qualification	qualification	NOUN
faba-150	140	10	of	of	ADP
faba-150	140	11	the	the	DET
faba-150	140	12	experts	expert	NOUN
faba-150	140	13	who	who	PRON
faba-150	140	14	answered	answer	VERB
faba-150	140	15	the	the	DET
faba-150	140	16	following	follow	VERB
faba-150	140	17	questions	question	NOUN
faba-150	140	18	regarding	regard	VERB
faba-150	140	19	the	the	DET
faba-150	140	20	valuation	valuation	NOUN
faba-150	140	21	methods	method	NOUN
faba-150	140	22	used	use	VERB
faba-150	140	23	.	.	PUNCT
faba-150	141	1	source	source	NOUN
faba-150	141	2	:	:	PUNCT
faba-150	141	3	survey	survey	NOUN
faba-150	141	4	and	and	CCONJ
faba-150	141	5	calculations	calculation	NOUN
faba-150	141	6	by	by	ADP
faba-150	141	7	the	the	DET
faba-150	141	8	author	author	NOUN
faba-150	141	9	figure	figure	NOUN
faba-150	141	10	5	5	NUM
faba-150	141	11	.	.	PUNCT
faba-150	141	12	answers	answer	NOUN
faba-150	141	13	to	to	PART
faba-150	141	14	question	question	VERB
faba-150	141	15	2	2	NUM
faba-150	141	16	question	question	NOUN
faba-150	141	17	3	3	NUM
faba-150	141	18	of	of	ADP
faba-150	141	19	the	the	DET
faba-150	141	20	survey	survey	NOUN
faba-150	141	21	,	,	PUNCT
faba-150	141	22	along	along	ADP
faba-150	141	23	with	with	ADP
faba-150	141	24	the	the	DET
faba-150	141	25	possible	possible	ADJ
faba-150	141	26	answers	answer	NOUN
faba-150	141	27	,	,	PUNCT
faba-150	141	28	is	be	AUX
faba-150	141	29	as	as	SCONJ
faba-150	141	30	follows	follow	VERB
faba-150	141	31	:	:	PUNCT
faba-150	141	32	indicate	indicate	VERB
faba-150	141	33	which	which	PRON
faba-150	141	34	of	of	ADP
faba-150	141	35	the	the	DET
faba-150	141	36	following	follow	VERB
faba-150	141	37	methods	method	NOUN
faba-150	141	38	you	you	PRON
faba-150	141	39	prefer	prefer	VERB
faba-150	141	40	as	as	ADP
faba-150	141	41	the	the	DET
faba-150	141	42	most	most	ADV
faba-150	141	43	reliable	reliable	ADJ
faba-150	141	44	in	in	ADP
faba-150	141	45	principle	principle	NOUN
faba-150	141	46	(	(	PUNCT
faba-150	141	47	indicate	indicate	VERB
faba-150	141	48	only	only	ADV
faba-150	141	49	one	one	NUM
faba-150	141	50	method	method	NOUN
faba-150	141	51	/	/	SYM
faba-150	141	52	model	model	NOUN
faba-150	141	53	):	):	PUNCT
faba-150	141	54	a.	a.	PROPN
faba-150	141	55	net	net	ADJ
faba-150	141	56	asset	asset	NOUN
faba-150	141	57	value	value	NOUN
faba-150	141	58	(	(	PUNCT
faba-150	141	59	nav	nav	NOUN
faba-150	141	60	)	)	PUNCT
faba-150	141	61	method	method	PROPN
faba-150	141	62	b.	b.	PROPN
faba-150	141	63	dcf	dcf	PROPN
faba-150	141	64	enterprise	enterprise	PROPN
faba-150	141	65	valuation	valuation	PROPN
faba-150	141	66	model	model	PROPN
faba-150	141	67	c.	c.	PROPN
faba-150	141	68	dcf	dcf	PROPN
faba-150	141	69	equity	equity	PROPN
faba-150	141	70	valuation	valuation	PROPN
faba-150	141	71	model	model	PROPN
faba-150	141	72	d.	d.	PROPN
faba-150	141	73	dividend	dividend	PROPN
faba-150	141	74	discount	discount	PROPN
faba-150	141	75	model	model	NOUN
faba-150	141	76	(	(	PUNCT
faba-150	141	77	ddm	ddm	PROPN
faba-150	141	78	)	)	PUNCT
faba-150	142	1	e.	e.	PROPN
faba-150	142	2	relative	relative	PROPN
faba-150	142	3	valuation	valuation	PROPN
faba-150	142	4	method	method	NOUN
faba-150	142	5	(	(	PUNCT
faba-150	142	6	peer	peer	NOUN
faba-150	142	7	companies	company	NOUN
faba-150	142	8	valuation	valuation	NOUN
faba-150	142	9	)	)	PUNCT
faba-150	142	10	f.	f.	PROPN
faba-150	143	1	extra	extra	PROPN
faba-150	143	2	return	return	NOUN
faba-150	143	3	model	model	NOUN
faba-150	143	4	(	(	PUNCT
faba-150	143	5	economic	economic	ADJ
faba-150	143	6	profit	profit	NOUN
faba-150	143	7	model	model	NOUN
faba-150	143	8	)	)	PUNCT
faba-150	143	9	g.	g.	PROPN
faba-150	143	10	adjusted	adjust	VERB
faba-150	143	11	present	present	ADJ
faba-150	143	12	value	value	NOUN
faba-150	143	13	model	model	NOUN
faba-150	143	14	h.	h.	PROPN
faba-150	143	15	models	model	NOUN
faba-150	143	16	based	base	VERB
faba-150	143	17	on	on	ADP
faba-150	143	18	the	the	DET
faba-150	143	19	valuation	valuation	NOUN
faba-150	143	20	of	of	ADP
faba-150	143	21	real	real	ADJ
faba-150	143	22	options	option	NOUN
faba-150	143	23	i.	i.	NOUN
faba-150	143	24	other	other	ADJ
faba-150	143	25	90	90	NUM
faba-150	143	26	%	%	NOUN
faba-150	143	27	12	12	NUM
faba-150	143	28	%	%	NOUN
faba-150	143	29	14	14	NUM
faba-150	143	30	%	%	NOUN
faba-150	143	31	12	12	NUM
faba-150	143	32	%	%	NOUN
faba-150	143	33	4	4	NUM
faba-150	143	34	%	%	NOUN
faba-150	143	35	question	question	NOUN
faba-150	143	36	2	2	NUM
faba-150	143	37	:	:	PUNCT
faba-150	143	38	do	do	AUX
faba-150	143	39	you	you	PRON
faba-150	143	40	hold	hold	VERB
faba-150	143	41	a	a	DET
faba-150	143	42	business	business	NOUN
faba-150	143	43	and	and	CCONJ
faba-150	143	44	common	common	ADJ
faba-150	143	45	stock	stock	NOUN
faba-150	143	46	valuation	valuation	NOUN
faba-150	143	47	certificate	certificate	NOUN
faba-150	143	48	?	?	PUNCT
faba-150	144	1	certificate	certificate	NOUN
faba-150	144	2	of	of	ADP
faba-150	144	3	independent	independent	ADJ
faba-150	144	4	appraiser	appraiser	NOUN
faba-150	144	5	of	of	ADP
faba-150	144	6	enterprises	enterprise	NOUN
faba-150	144	7	certificate	certificate	NOUN
faba-150	144	8	of	of	ADP
faba-150	144	9	independent	independent	ADJ
faba-150	144	10	appraiser	appraiser	NOUN
faba-150	144	11	of	of	ADP
faba-150	144	12	financial	financial	ADJ
faba-150	144	13	assets	asset	NOUN
faba-150	144	14	and	and	CCONJ
faba-150	144	15	financial	financial	ADJ
faba-150	144	16	institutions	institution	NOUN
faba-150	144	17	certified	certify	VERB
faba-150	144	18	financial	financial	ADJ
faba-150	144	19	analyst	analyst	NOUN
faba-150	144	20	(	(	PUNCT
faba-150	144	21	cfa	cfa	PROPN
faba-150	144	22	)	)	PUNCT
faba-150	144	23	certificate	certificate	VERB
faba-150	144	24	other	other	ADJ
faba-150	144	25	certificate	certificate	NOUN
faba-150	144	26	and	and	CCONJ
faba-150	144	27	document	document	NOUN
faba-150	144	28	in	in	ADP
faba-150	144	29	this	this	DET
faba-150	144	30	field	field	NOUN
faba-150	144	31	i	i	PRON
faba-150	144	32	have	have	VERB
faba-150	144	33	no	no	DET
faba-150	144	34	special	special	ADJ
faba-150	144	35	certification	certification	NOUN
faba-150	144	36	in	in	ADP
faba-150	144	37	this	this	DET
faba-150	144	38	field	field	NOUN
faba-150	144	39	dimiter	dimiter	NOUN
faba-150	144	40	nenkov	nenkov	PROPN
faba-150	144	41	/	/	SYM
faba-150	144	42	finance	finance	NOUN
faba-150	144	43	,	,	PUNCT
faba-150	144	44	accounting	accounting	NOUN
faba-150	144	45	and	and	CCONJ
faba-150	144	46	business	business	NOUN
faba-150	144	47	analysis	analysis	NOUN
faba-150	144	48	,	,	PUNCT
faba-150	144	49	volume	volume	NOUN
faba-150	144	50	5	5	NUM
faba-150	144	51	,	,	PUNCT
faba-150	144	52	issue	issue	NOUN
faba-150	144	53	1	1	NUM
faba-150	144	54	,	,	PUNCT
faba-150	144	55	2023	2023	NUM
faba-150	144	56	8	8	NUM
faba-150	144	57	source	source	NOUN
faba-150	144	58	:	:	PUNCT
faba-150	144	59	survey	survey	NOUN
faba-150	144	60	and	and	CCONJ
faba-150	144	61	calculations	calculation	NOUN
faba-150	144	62	by	by	ADP
faba-150	144	63	the	the	DET
faba-150	144	64	author	author	NOUN
faba-150	144	65	figure	figure	NOUN
faba-150	144	66	6	6	NUM
faba-150	144	67	.	.	PUNCT
faba-150	145	1	answers	answer	NOUN
faba-150	145	2	to	to	PART
faba-150	145	3	question	question	VERB
faba-150	145	4	3	3	NUM
faba-150	145	5	this	this	DET
faba-150	145	6	third	third	ADJ
faba-150	145	7	question	question	NOUN
faba-150	145	8	aims	aim	VERB
faba-150	145	9	to	to	PART
faba-150	145	10	find	find	VERB
faba-150	145	11	out	out	ADP
faba-150	145	12	which	which	DET
faba-150	145	13	methods	method	NOUN
faba-150	145	14	are	be	AUX
faba-150	145	15	most	most	ADV
faba-150	145	16	trusted	trust	VERB
faba-150	145	17	by	by	ADP
faba-150	145	18	valuers	valuer	NOUN
faba-150	145	19	.	.	PUNCT
faba-150	146	1	the	the	DET
faba-150	146	2	responses	response	NOUN
faba-150	146	3	are	be	AUX
faba-150	146	4	shown	show	VERB
faba-150	146	5	in	in	ADP
faba-150	146	6	figure	figure	NOUN
faba-150	146	7	6	6	NUM
faba-150	146	8	.	.	PUNCT
faba-150	147	1	the	the	DET
faba-150	147	2	dcf	dcf	PROPN
faba-150	147	3	enterprise	enterprise	NOUN
faba-150	147	4	model	model	NOUN
faba-150	147	5	stands	stand	VERB
faba-150	147	6	out	out	ADP
faba-150	147	7	as	as	ADP
faba-150	147	8	the	the	DET
faba-150	147	9	most	most	ADV
faba-150	147	10	reliable	reliable	ADJ
faba-150	147	11	for	for	ADP
faba-150	147	12	the	the	DET
faba-150	147	13	surveyed	survey	VERB
faba-150	147	14	experts	expert	NOUN
faba-150	147	15	,	,	PUNCT
faba-150	147	16	with	with	ADP
faba-150	147	17	46	46	NUM
faba-150	147	18	%	%	NOUN
faba-150	147	19	support	support	NOUN
faba-150	147	20	.	.	PUNCT
faba-150	148	1	in	in	ADP
faba-150	148	2	the	the	DET
faba-150	148	3	second	second	ADJ
faba-150	148	4	place	place	NOUN
faba-150	148	5	is	be	AUX
faba-150	148	6	the	the	DET
faba-150	148	7	net	net	ADJ
faba-150	148	8	asset	asset	NOUN
faba-150	148	9	value	value	NOUN
faba-150	148	10	method	method	NOUN
faba-150	148	11	,	,	PUNCT
faba-150	148	12	preferred	prefer	VERB
faba-150	148	13	by	by	ADP
faba-150	148	14	24	24	NUM
faba-150	148	15	%	%	NOUN
faba-150	148	16	of	of	ADP
faba-150	148	17	respondents	respondent	NOUN
faba-150	148	18	.	.	PUNCT
faba-150	149	1	the	the	DET
faba-150	149	2	dcf	dcf	PROPN
faba-150	149	3	equity	equity	PROPN
faba-150	149	4	valuation	valuation	PROPN
faba-150	149	5	model	model	NOUN
faba-150	149	6	is	be	AUX
faba-150	149	7	third	third	ADJ
faba-150	149	8	,	,	PUNCT
faba-150	149	9	with	with	ADP
faba-150	149	10	14	14	NUM
faba-150	149	11	%	%	NOUN
faba-150	149	12	support	support	NOUN
faba-150	149	13	.	.	PUNCT
faba-150	150	1	this	this	PRON
faba-150	150	2	means	mean	VERB
faba-150	150	3	that	that	SCONJ
faba-150	150	4	a	a	DET
faba-150	150	5	total	total	NOUN
faba-150	150	6	of	of	ADP
faba-150	150	7	60	60	NUM
faba-150	150	8	%	%	NOUN
faba-150	150	9	of	of	ADP
faba-150	150	10	experts	expert	NOUN
faba-150	150	11	rely	rely	VERB
faba-150	150	12	on	on	ADP
faba-150	150	13	discounted	discount	VERB
faba-150	150	14	cash	cash	NOUN
faba-150	150	15	flow	flow	NOUN
faba-150	150	16	models	model	NOUN
faba-150	150	17	.	.	PUNCT
faba-150	151	1	the	the	DET
faba-150	151	2	relative	relative	ADJ
faba-150	151	3	valuation	valuation	NOUN
faba-150	151	4	method	method	NOUN
faba-150	151	5	(	(	PUNCT
faba-150	151	6	approach	approach	NOUN
faba-150	151	7	)	)	PUNCT
faba-150	151	8	is	be	AUX
faba-150	151	9	preferred	prefer	VERB
faba-150	151	10	by	by	ADP
faba-150	151	11	only	only	ADV
faba-150	151	12	10	10	NUM
faba-150	151	13	%	%	NOUN
faba-150	151	14	of	of	ADP
faba-150	151	15	respondents	respondent	NOUN
faba-150	151	16	.	.	PUNCT
faba-150	152	1	the	the	DET
faba-150	152	2	discounted	discount	VERB
faba-150	152	3	dividend	dividend	NOUN
faba-150	152	4	model	model	NOUN
faba-150	152	5	,	,	PUNCT
faba-150	152	6	the	the	DET
faba-150	152	7	adjusted	adjust	VERB
faba-150	152	8	present	present	ADJ
faba-150	152	9	value	value	NOUN
faba-150	152	10	model	model	NOUN
faba-150	152	11	,	,	PUNCT
faba-150	152	12	the	the	DET
faba-150	152	13	models	model	NOUN
faba-150	152	14	based	base	VERB
faba-150	152	15	on	on	ADP
faba-150	152	16	the	the	DET
faba-150	152	17	valuation	valuation	NOUN
faba-150	152	18	of	of	ADP
faba-150	152	19	real	real	ADJ
faba-150	152	20	options	option	NOUN
faba-150	152	21	are	be	AUX
faba-150	152	22	preferred	prefer	VERB
faba-150	152	23	by	by	ADP
faba-150	152	24	only	only	ADV
faba-150	152	25	2	2	NUM
faba-150	152	26	%	%	NOUN
faba-150	152	27	of	of	ADP
faba-150	152	28	respondents	respondent	NOUN
faba-150	152	29	,	,	PUNCT
faba-150	152	30	and	and	CCONJ
faba-150	152	31	the	the	DET
faba-150	152	32	economic	economic	ADJ
faba-150	152	33	profit	profit	NOUN
faba-150	152	34	(	(	PUNCT
faba-150	152	35	excess	excess	ADJ
faba-150	152	36	return	return	NOUN
faba-150	152	37	)	)	PUNCT
faba-150	152	38	model	model	NOUN
faba-150	152	39	,	,	PUNCT
faba-150	152	40	as	as	ADV
faba-150	152	41	well	well	ADV
faba-150	152	42	as	as	ADP
faba-150	152	43	other	other	ADJ
faba-150	152	44	potential	potential	ADJ
faba-150	152	45	models	model	NOUN
faba-150	152	46	,	,	PUNCT
faba-150	152	47	by	by	ADP
faba-150	152	48	0	0	NUM
faba-150	152	49	%	%	NOUN
faba-150	152	50	of	of	ADP
faba-150	152	51	respondents	respondent	NOUN
faba-150	152	52	.	.	PUNCT
faba-150	153	1	the	the	DET
faba-150	153	2	very	very	ADV
faba-150	153	3	modest	modest	ADJ
faba-150	153	4	percentage	percentage	NOUN
faba-150	153	5	of	of	ADP
faba-150	153	6	confidence	confidence	NOUN
faba-150	153	7	in	in	ADP
faba-150	153	8	the	the	DET
faba-150	153	9	relative	relative	ADJ
faba-150	153	10	valuation	valuation	NOUN
faba-150	153	11	method(s	method(s	PROPN
faba-150	153	12	)	)	PUNCT
faba-150	153	13	is	be	AUX
faba-150	153	14	striking	strike	VERB
faba-150	153	15	only	only	ADV
faba-150	153	16	10	10	NUM
faba-150	153	17	%	%	NOUN
faba-150	153	18	,	,	PUNCT
faba-150	153	19	which	which	PRON
faba-150	153	20	for	for	ADP
faba-150	153	21	european	european	ADJ
faba-150	153	22	experts	expert	NOUN
faba-150	153	23	is	be	AUX
faba-150	153	24	the	the	DET
faba-150	153	25	most	most	ADV
faba-150	153	26	preferred	preferred	ADJ
faba-150	153	27	(	(	PUNCT
faba-150	153	28	with	with	ADP
faba-150	153	29	around	around	ADP
faba-150	153	30	80	80	NUM
faba-150	153	31	%	%	NOUN
faba-150	153	32	support	support	NOUN
faba-150	153	33	)	)	PUNCT
faba-150	153	34	,	,	PUNCT
faba-150	153	35	according	accord	VERB
faba-150	153	36	to	to	ADP
faba-150	153	37	the	the	DET
faba-150	153	38	study	study	NOUN
faba-150	153	39	by	by	ADP
faba-150	153	40	bancel	bancel	NOUN
faba-150	153	41	and	and	CCONJ
faba-150	153	42	mittoo	mittoo	ADV
faba-150	153	43	,	,	PUNCT
faba-150	153	44	presented	present	VERB
faba-150	153	45	in	in	ADP
faba-150	153	46	the	the	DET
faba-150	153	47	previous	previous	ADJ
faba-150	153	48	section	section	NOUN
faba-150	153	49	(	(	PUNCT
faba-150	153	50	bancel	bancel	NOUN
faba-150	153	51	and	and	CCONJ
faba-150	153	52	mittoo	mittoo	NOUN
faba-150	153	53	2014	2014	NUM
faba-150	153	54	)	)	PUNCT
faba-150	153	55	.	.	PUNCT
faba-150	154	1	this	this	PRON
faba-150	154	2	is	be	AUX
faba-150	154	3	one	one	NUM
faba-150	154	4	of	of	ADP
faba-150	154	5	the	the	DET
faba-150	154	6	big	big	ADJ
faba-150	154	7	differences	difference	NOUN
faba-150	154	8	with	with	ADP
faba-150	154	9	europe	europe	PROPN
faba-150	154	10	that	that	SCONJ
faba-150	154	11	the	the	DET
faba-150	154	12	present	present	ADJ
faba-150	154	13	survey	survey	NOUN
faba-150	154	14	finds	find	VERB
faba-150	154	15	.	.	PUNCT
faba-150	155	1	the	the	DET
faba-150	155	2	reasons	reason	NOUN
faba-150	155	3	can	can	AUX
faba-150	155	4	mainly	mainly	ADV
faba-150	155	5	be	be	AUX
faba-150	155	6	sought	seek	VERB
faba-150	155	7	in	in	ADP
faba-150	155	8	the	the	DET
faba-150	155	9	not	not	PART
faba-150	155	10	well	well	ADV
faba-150	155	11	developed	developed	ADJ
faba-150	155	12	and	and	CCONJ
faba-150	155	13	very	very	ADV
faba-150	155	14	small	small	ADJ
faba-150	155	15	stock	stock	NOUN
faba-150	155	16	market	market	NOUN
faba-150	155	17	in	in	ADP
faba-150	155	18	bulgaria	bulgaria	PROPN
faba-150	155	19	.	.	PUNCT
faba-150	156	1	this	this	PRON
faba-150	156	2	,	,	PUNCT
faba-150	156	3	on	on	ADP
faba-150	156	4	the	the	DET
faba-150	156	5	one	one	NUM
faba-150	156	6	hand	hand	NOUN
faba-150	156	7	,	,	PUNCT
faba-150	156	8	reduces	reduce	VERB
faba-150	156	9	the	the	DET
faba-150	156	10	significance	significance	NOUN
faba-150	156	11	and	and	CCONJ
faba-150	156	12	representativeness	representativeness	NOUN
faba-150	156	13	of	of	ADP
faba-150	156	14	the	the	DET
faba-150	156	15	derived	derive	VERB
faba-150	156	16	market	market	NOUN
faba-150	156	17	ratios	ratio	NOUN
faba-150	156	18	(	(	PUNCT
faba-150	156	19	multiples	multiple	NOUN
faba-150	156	20	)	)	PUNCT
faba-150	156	21	,	,	PUNCT
faba-150	156	22	and	and	CCONJ
faba-150	156	23	on	on	ADP
faba-150	156	24	the	the	DET
faba-150	156	25	other	other	ADJ
faba-150	156	26	hand	hand	NOUN
faba-150	156	27	,	,	PUNCT
faba-150	156	28	severely	severely	ADV
faba-150	156	29	limits	limit	VERB
faba-150	156	30	the	the	DET
faba-150	156	31	number	number	NOUN
faba-150	156	32	of	of	ADP
faba-150	156	33	potential	potential	ADJ
faba-150	156	34	peer	peer	NOUN
faba-150	156	35	(	(	PUNCT
faba-150	156	36	analogue	analogue	NOUN
faba-150	156	37	)	)	PUNCT
faba-150	156	38	companies	company	NOUN
faba-150	156	39	.	.	PUNCT
faba-150	157	1	in	in	ADP
faba-150	157	2	many	many	ADJ
faba-150	157	3	cases	case	NOUN
faba-150	157	4	,	,	PUNCT
faba-150	157	5	it	it	PRON
faba-150	157	6	is	be	AUX
faba-150	157	7	necessary	necessary	ADJ
faba-150	157	8	to	to	PART
faba-150	157	9	look	look	VERB
faba-150	157	10	for	for	ADP
faba-150	157	11	the	the	DET
faba-150	157	12	appropriate	appropriate	ADJ
faba-150	157	13	peer	peer	NOUN
faba-150	157	14	companies	company	NOUN
faba-150	157	15	in	in	ADP
faba-150	157	16	the	the	DET
faba-150	157	17	international	international	ADJ
faba-150	157	18	stock	stock	NOUN
faba-150	157	19	markets	market	NOUN
faba-150	157	20	,	,	PUNCT
faba-150	157	21	which	which	PRON
faba-150	157	22	leads	lead	VERB
faba-150	157	23	to	to	ADP
faba-150	157	24	other	other	ADJ
faba-150	157	25	problems	problem	NOUN
faba-150	157	26	,	,	PUNCT
faba-150	157	27	such	such	ADJ
faba-150	157	28	as	as	ADP
faba-150	157	29	reducing	reduce	VERB
faba-150	157	30	the	the	DET
faba-150	157	31	degree	degree	NOUN
faba-150	157	32	of	of	ADP
faba-150	157	33	comparability	comparability	NOUN
faba-150	157	34	with	with	ADP
faba-150	157	35	the	the	DET
faba-150	157	36	valuated	valuate	VERB
faba-150	157	37	enterprise	enterprise	NOUN
faba-150	157	38	,	,	PUNCT
faba-150	157	39	etc	etc	X
faba-150	157	40	.	.	X
faba-150	158	1	this	this	DET
faba-150	158	2	local	local	ADJ
faba-150	158	3	feature	feature	NOUN
faba-150	158	4	deserves	deserve	VERB
faba-150	158	5	further	far	ADV
faba-150	158	6	in	in	ADP
faba-150	158	7	-	-	PUNCT
faba-150	158	8	depth	depth	NOUN
faba-150	158	9	study	study	NOUN
faba-150	158	10	.	.	PUNCT
faba-150	159	1	another	another	DET
faba-150	159	2	thing	thing	NOUN
faba-150	159	3	that	that	PRON
faba-150	159	4	makes	make	VERB
faba-150	159	5	a	a	DET
faba-150	159	6	special	special	ADJ
faba-150	159	7	impression	impression	NOUN
faba-150	159	8	is	be	AUX
faba-150	159	9	that	that	SCONJ
faba-150	159	10	the	the	DET
faba-150	159	11	dividend	dividend	NOUN
faba-150	159	12	model	model	NOUN
faba-150	159	13	is	be	AUX
faba-150	159	14	practically	practically	ADV
faba-150	159	15	not	not	PART
faba-150	159	16	used	use	VERB
faba-150	159	17	in	in	ADP
faba-150	159	18	bulgaria	bulgaria	PROPN
faba-150	159	19	(	(	PUNCT
faba-150	159	20	only	only	ADV
faba-150	159	21	by	by	ADP
faba-150	159	22	2	2	NUM
faba-150	159	23	%	%	NOUN
faba-150	159	24	of	of	ADP
faba-150	159	25	respondents	respondent	NOUN
faba-150	159	26	)	)	PUNCT
faba-150	159	27	.	.	PUNCT
faba-150	160	1	it	it	PRON
faba-150	160	2	is	be	AUX
faba-150	160	3	not	not	PART
faba-150	160	4	particularly	particularly	ADV
faba-150	160	5	popular	popular	ADJ
faba-150	160	6	in	in	ADP
faba-150	160	7	europe	europe	PROPN
faba-150	160	8	either	either	ADV
faba-150	160	9	,	,	PUNCT
faba-150	160	10	according	accord	VERB
faba-150	160	11	to	to	ADP
faba-150	160	12	bancel	bancel	NOUN
faba-150	160	13	and	and	CCONJ
faba-150	160	14	mittoo	mittoo	ADV
faba-150	160	15	,	,	PUNCT
faba-150	160	16	but	but	CCONJ
faba-150	160	17	is	be	AUX
faba-150	160	18	still	still	ADV
faba-150	160	19	used	use	VERB
faba-150	160	20	there	there	ADV
faba-150	160	21	by	by	ADP
faba-150	160	22	nearly	nearly	ADV
faba-150	160	23	22	22	NUM
faba-150	160	24	%	%	NOUN
faba-150	160	25	of	of	ADP
faba-150	160	26	experts	expert	NOUN
faba-150	160	27	there	there	ADV
faba-150	160	28	(	(	PUNCT
faba-150	160	29	bancel	bancel	NOUN
faba-150	160	30	and	and	CCONJ
faba-150	160	31	mittoo	mittoo	NOUN
faba-150	160	32	2014	2014	NUM
faba-150	160	33	)	)	PUNCT
faba-150	160	34	.	.	PUNCT
faba-150	161	1	the	the	DET
faba-150	161	2	reason	reason	NOUN
faba-150	161	3	should	should	AUX
faba-150	161	4	be	be	AUX
faba-150	161	5	found	find	VERB
faba-150	161	6	in	in	ADP
faba-150	161	7	the	the	DET
faba-150	161	8	limitations	limitation	NOUN
faba-150	161	9	that	that	PRON
faba-150	161	10	are	be	AUX
faba-150	161	11	characteristic	characteristic	ADJ
faba-150	161	12	of	of	ADP
faba-150	161	13	this	this	DET
faba-150	161	14	model	model	NOUN
faba-150	161	15	,	,	PUNCT
faba-150	161	16	which	which	PRON
faba-150	161	17	make	make	VERB
faba-150	161	18	it	it	PRON
faba-150	161	19	very	very	ADV
faba-150	161	20	difficult	difficult	ADJ
faba-150	161	21	to	to	PART
faba-150	161	22	implement	implement	VERB
faba-150	161	23	in	in	ADP
faba-150	161	24	the	the	DET
faba-150	161	25	conditions	condition	NOUN
faba-150	161	26	of	of	ADP
faba-150	161	27	bulgaria	bulgaria	PROPN
faba-150	161	28	.	.	PUNCT
faba-150	162	1	first	first	ADV
faba-150	162	2	of	of	ADP
faba-150	162	3	all	all	PRON
faba-150	162	4	,	,	PUNCT
faba-150	162	5	the	the	DET
faba-150	162	6	percentage	percentage	NOUN
faba-150	162	7	of	of	ADP
faba-150	162	8	public	public	ADJ
faba-150	162	9	joint	joint	ADJ
faba-150	162	10	-	-	PUNCT
faba-150	162	11	stock	stock	NOUN
faba-150	162	12	companies	company	NOUN
faba-150	162	13	in	in	ADP
faba-150	162	14	bulgaria	bulgaria	PROPN
faba-150	162	15	that	that	PRON
faba-150	162	16	pay	pay	VERB
faba-150	162	17	regular	regular	ADJ
faba-150	162	18	and	and	CCONJ
faba-150	162	19	stable	stable	ADJ
faba-150	162	20	dividends	dividend	NOUN
faba-150	162	21	is	be	AUX
faba-150	162	22	extremely	extremely	ADV
faba-150	162	23	low	low	ADJ
faba-150	162	24	.	.	PUNCT
faba-150	163	1	the	the	DET
faba-150	163	2	vast	vast	ADJ
faba-150	163	3	majority	majority	NOUN
faba-150	163	4	of	of	ADP
faba-150	163	5	public	public	ADJ
faba-150	163	6	companies	company	NOUN
faba-150	163	7	do	do	AUX
faba-150	163	8	not	not	PART
faba-150	163	9	even	even	ADV
faba-150	163	10	pay	pay	VERB
faba-150	163	11	any	any	DET
faba-150	163	12	dividends	dividend	NOUN
faba-150	163	13	.	.	PUNCT
faba-150	164	1	on	on	ADP
faba-150	164	2	the	the	DET
faba-150	164	3	other	other	ADJ
faba-150	164	4	hand	hand	NOUN
faba-150	164	5	,	,	PUNCT
faba-150	164	6	the	the	DET
faba-150	164	7	huge	huge	ADJ
faba-150	164	8	mass	mass	NOUN
faba-150	164	9	of	of	ADP
faba-150	164	10	enterprises	enterprise	NOUN
faba-150	164	11	in	in	ADP
faba-150	164	12	bulgaria	bulgaria	PROPN
faba-150	164	13	are	be	AUX
faba-150	164	14	non	non	ADJ
faba-150	164	15	-	-	ADJ
faba-150	164	16	public	public	ADJ
faba-150	164	17	,	,	PUNCT
faba-150	164	18	for	for	ADP
faba-150	164	19	which	which	PRON
faba-150	164	20	the	the	DET
faba-150	164	21	dividend	dividend	NOUN
faba-150	164	22	payment	payment	NOUN
faba-150	164	23	policy	policy	NOUN
faba-150	164	24	remains	remain	VERB
faba-150	164	25	part	part	NOUN
faba-150	164	26	of	of	ADP
faba-150	164	27	their	their	PRON
faba-150	164	28	internal	internal	ADJ
faba-150	164	29	information	information	NOUN
faba-150	164	30	.	.	PUNCT
faba-150	165	1	the	the	DET
faba-150	165	2	fourth	fourth	ADJ
faba-150	165	3	question	question	NOUN
faba-150	165	4	in	in	ADP
faba-150	165	5	the	the	DET
faba-150	165	6	survey	survey	NOUN
faba-150	165	7	is	be	AUX
faba-150	165	8	as	as	SCONJ
faba-150	165	9	follows	follow	VERB
faba-150	165	10	:	:	PUNCT
faba-150	165	11	how	how	SCONJ
faba-150	165	12	many	many	ADJ
faba-150	165	13	methods	method	NOUN
faba-150	165	14	(	(	PUNCT
faba-150	165	15	models	model	NOUN
faba-150	165	16	)	)	PUNCT
faba-150	165	17	do	do	AUX
faba-150	165	18	you	you	PRON
faba-150	165	19	usually	usually	ADV
faba-150	165	20	use	use	VERB
faba-150	165	21	for	for	ADP
faba-150	165	22	one	one	NUM
faba-150	165	23	valuation	valuation	NOUN
faba-150	165	24	?	?	PUNCT
faba-150	166	1	a.	a.	NOUN
faba-150	166	2	one	one	NUM
faba-150	166	3	b.	b.	PROPN
faba-150	166	4	two	two	NUM
faba-150	166	5	c.	c.	PROPN
faba-150	166	6	three	three	NUM
faba-150	166	7	d.	d.	PROPN
faba-150	166	8	four	four	NUM
faba-150	166	9	e.	e.	PROPN
faba-150	166	10	five	five	NUM
faba-150	166	11	f.	f.	PROPN
faba-150	166	12	more	more	ADJ
faba-150	166	13	than	than	ADP
faba-150	166	14	five	five	NUM
faba-150	166	15	0	0	NUM
faba-150	166	16	%	%	NOUN
faba-150	166	17	10	10	NUM
faba-150	166	18	%	%	NOUN
faba-150	166	19	20	20	NUM
faba-150	166	20	%	%	NOUN
faba-150	166	21	30	30	NUM
faba-150	166	22	%	%	NOUN
faba-150	166	23	40	40	NUM
faba-150	166	24	%	%	NOUN
faba-150	166	25	50	50	NUM
faba-150	166	26	%	%	NOUN
faba-150	166	27	method	method	NOUN
faba-150	166	28	net	net	ADJ
faba-150	166	29	asset	asset	NOUN
faba-150	166	30	value	value	NOUN
faba-150	166	31	(	(	PUNCT
faba-150	166	32	nav	nav	NOUN
faba-150	166	33	)	)	PUNCT
faba-150	166	34	dcf	dcf	PROPN
faba-150	166	35	enterprise	enterprise	NOUN
faba-150	166	36	valuation	valuation	NOUN
faba-150	166	37	model	model	NOUN
faba-150	166	38	(	(	PUNCT
faba-150	166	39	fcfi	fcfi	NOUN
faba-150	166	40	)	)	PUNCT
faba-150	166	41	dcf	dcf	PROPN
faba-150	166	42	equity	equity	PROPN
faba-150	166	43	valuation	valuation	PROPN
faba-150	166	44	model	model	PROPN
faba-150	166	45	(	(	PUNCT
faba-150	166	46	fcfe	fcfe	NOUN
faba-150	166	47	)	)	PUNCT
faba-150	166	48	discounted	discount	VERB
faba-150	166	49	dividend	dividend	NOUN
faba-150	166	50	model	model	NOUN
faba-150	166	51	(	(	PUNCT
faba-150	166	52	ddm	ddm	PROPN
faba-150	166	53	)	)	PUNCT
faba-150	166	54	relative	relative	ADJ
faba-150	166	55	valuation	valuation	NOUN
faba-150	166	56	method	method	NOUN
faba-150	166	57	(	(	PUNCT
faba-150	166	58	peer	peer	NOUN
faba-150	166	59	companies	company	NOUN
faba-150	166	60	method	method	VERB
faba-150	166	61	)	)	PUNCT
faba-150	166	62	extra	extra	ADJ
faba-150	166	63	return	return	NOUN
faba-150	166	64	model	model	NOUN
faba-150	166	65	(	(	PUNCT
faba-150	166	66	economic	economic	ADJ
faba-150	166	67	profit	profit	NOUN
faba-150	166	68	model	model	NOUN
faba-150	166	69	)	)	PUNCT
faba-150	166	70	adjusted	adjust	VERB
faba-150	166	71	present	present	ADJ
faba-150	166	72	value	value	NOUN
faba-150	166	73	model	model	NOUN
faba-150	166	74	(	(	PUNCT
faba-150	166	75	apv	apv	PROPN
faba-150	166	76	)	)	PUNCT
faba-150	166	77	models	model	NOUN
faba-150	166	78	based	base	VERB
faba-150	166	79	on	on	ADP
faba-150	166	80	the	the	DET
faba-150	166	81	valuation	valuation	NOUN
faba-150	166	82	of	of	ADP
faba-150	166	83	real	real	ADJ
faba-150	166	84	options	option	NOUN
faba-150	166	85	other	other	ADJ
faba-150	166	86	question	question	NOUN
faba-150	166	87	3	3	NUM
faba-150	166	88	:	:	PUNCT
faba-150	166	89	which	which	PRON
faba-150	166	90	of	of	ADP
faba-150	166	91	the	the	DET
faba-150	166	92	following	follow	VERB
faba-150	166	93	methods	method	NOUN
faba-150	166	94	do	do	AUX
faba-150	166	95	you	you	PRON
faba-150	166	96	prefer	prefer	VERB
faba-150	166	97	as	as	ADP
faba-150	166	98	the	the	DET
faba-150	166	99	most	most	ADV
faba-150	166	100	reliable	reliable	ADJ
faba-150	166	101	in	in	ADP
faba-150	166	102	principle	principle	NOUN
faba-150	166	103	?	?	PUNCT
faba-150	167	1	dimiter	dimiter	NOUN
faba-150	167	2	nenkov	nenkov	PROPN
faba-150	167	3	/	/	SYM
faba-150	167	4	finance	finance	NOUN
faba-150	167	5	,	,	PUNCT
faba-150	167	6	accounting	accounting	NOUN
faba-150	167	7	and	and	CCONJ
faba-150	167	8	business	business	NOUN
faba-150	167	9	analysis	analysis	NOUN
faba-150	167	10	,	,	PUNCT
faba-150	167	11	volume	volume	NOUN
faba-150	167	12	5	5	NUM
faba-150	167	13	,	,	PUNCT
faba-150	167	14	issue	issue	NOUN
faba-150	167	15	1	1	NUM
faba-150	167	16	,	,	PUNCT
faba-150	167	17	2023	2023	NUM
faba-150	167	18	9	9	NUM
faba-150	167	19	source	source	NOUN
faba-150	167	20	:	:	PUNCT
faba-150	167	21	survey	survey	NOUN
faba-150	167	22	and	and	CCONJ
faba-150	167	23	calculations	calculation	NOUN
faba-150	167	24	by	by	ADP
faba-150	167	25	the	the	DET
faba-150	167	26	author	author	NOUN
faba-150	167	27	figure	figure	NOUN
faba-150	167	28	7	7	NUM
faba-150	167	29	.	.	PUNCT
faba-150	167	30	answers	answer	NOUN
faba-150	167	31	to	to	PART
faba-150	167	32	question	question	VERB
faba-150	167	33	4	4	NUM
faba-150	167	34	it	it	PRON
faba-150	167	35	is	be	AUX
faba-150	167	36	clear	clear	ADJ
faba-150	167	37	from	from	ADP
faba-150	167	38	figure	figure	NOUN
faba-150	167	39	7	7	NUM
faba-150	167	40	that	that	SCONJ
faba-150	167	41	72	72	NUM
faba-150	167	42	%	%	NOUN
faba-150	167	43	of	of	ADP
faba-150	167	44	the	the	DET
faba-150	167	45	respondents	respondent	NOUN
faba-150	167	46	use	use	VERB
faba-150	167	47	two	two	NUM
faba-150	167	48	methods	method	NOUN
faba-150	167	49	(	(	PUNCT
faba-150	167	50	models	model	NOUN
faba-150	167	51	)	)	PUNCT
faba-150	167	52	most	most	ADV
faba-150	167	53	often	often	ADV
faba-150	167	54	to	to	PART
faba-150	167	55	carry	carry	VERB
faba-150	167	56	out	out	ADP
faba-150	167	57	one	one	NUM
faba-150	167	58	valuation	valuation	NOUN
faba-150	167	59	.	.	PUNCT
faba-150	168	1	another	another	DET
faba-150	168	2	20	20	NUM
faba-150	168	3	%	%	NOUN
faba-150	168	4	usually	usually	ADV
faba-150	168	5	use	use	VERB
faba-150	168	6	three	three	NUM
faba-150	168	7	methods	method	NOUN
faba-150	168	8	.	.	PUNCT
faba-150	169	1	this	this	PRON
faba-150	169	2	means	mean	VERB
faba-150	169	3	that	that	SCONJ
faba-150	169	4	a	a	DET
faba-150	169	5	total	total	NOUN
faba-150	169	6	of	of	ADP
faba-150	169	7	92	92	NUM
faba-150	169	8	%	%	NOUN
faba-150	169	9	of	of	ADP
faba-150	169	10	the	the	DET
faba-150	169	11	surveyed	survey	VERB
faba-150	169	12	experts	expert	NOUN
faba-150	169	13	use	use	VERB
faba-150	169	14	two	two	NUM
faba-150	169	15	or	or	CCONJ
faba-150	169	16	three	three	NUM
faba-150	169	17	methods	method	NOUN
faba-150	169	18	.	.	PUNCT
faba-150	170	1	one	one	NUM
faba-150	170	2	model	model	NOUN
faba-150	170	3	is	be	AUX
faba-150	170	4	used	use	VERB
faba-150	170	5	by	by	ADP
faba-150	170	6	4	4	NUM
faba-150	170	7	%	%	NOUN
faba-150	170	8	,	,	PUNCT
faba-150	170	9	four	four	NUM
faba-150	170	10	models	model	NOUN
faba-150	170	11	are	be	AUX
faba-150	170	12	used	use	VERB
faba-150	170	13	by	by	ADP
faba-150	170	14	another	another	DET
faba-150	170	15	4	4	NUM
faba-150	170	16	%	%	NOUN
faba-150	170	17	.	.	PUNCT
faba-150	171	1	none	none	NOUN
faba-150	171	2	of	of	ADP
faba-150	171	3	the	the	DET
faba-150	171	4	respondents	respondent	NOUN
faba-150	171	5	use	use	VERB
faba-150	171	6	5	5	NUM
faba-150	171	7	or	or	CCONJ
faba-150	171	8	more	more	ADJ
faba-150	171	9	models	model	NOUN
faba-150	171	10	to	to	PART
faba-150	171	11	make	make	VERB
faba-150	171	12	a	a	DET
faba-150	171	13	single	single	ADJ
faba-150	171	14	valuation	valuation	NOUN
faba-150	171	15	.	.	PUNCT
faba-150	172	1	two	two	NUM
faba-150	172	2	of	of	ADP
faba-150	172	3	the	the	DET
faba-150	172	4	more	more	ADV
faba-150	172	5	significant	significant	ADJ
faba-150	172	6	differences	difference	NOUN
faba-150	172	7	with	with	ADP
faba-150	172	8	the	the	DET
faba-150	172	9	european	european	ADJ
faba-150	172	10	experts	expert	NOUN
faba-150	172	11	in	in	ADP
faba-150	172	12	bancel	bancel	NOUN
faba-150	172	13	and	and	CCONJ
faba-150	172	14	mittoo	mittoo	PROPN
faba-150	172	15	's	's	PART
faba-150	172	16	survey	survey	NOUN
faba-150	172	17	are	be	AUX
faba-150	172	18	that	that	SCONJ
faba-150	172	19	with	with	ADP
faba-150	172	20	them	they	PRON
faba-150	172	21	the	the	DET
faba-150	172	22	share	share	NOUN
faba-150	172	23	of	of	ADP
faba-150	172	24	those	those	PRON
faba-150	172	25	who	who	PRON
faba-150	172	26	use	use	VERB
faba-150	172	27	only	only	ADV
faba-150	172	28	one	one	NUM
faba-150	172	29	method	method	NOUN
faba-150	172	30	is	be	AUX
faba-150	172	31	much	much	ADV
faba-150	172	32	more	more	ADV
faba-150	172	33	significant	significant	ADJ
faba-150	172	34	21	21	NUM
faba-150	172	35	%	%	NOUN
faba-150	172	36	,	,	PUNCT
faba-150	172	37	as	as	ADV
faba-150	172	38	well	well	ADV
faba-150	172	39	as	as	ADP
faba-150	172	40	those	those	PRON
faba-150	172	41	who	who	PRON
faba-150	172	42	use	use	VERB
faba-150	172	43	four	four	NUM
faba-150	172	44	methods	method	NOUN
faba-150	172	45	12	12	NUM
faba-150	172	46	%	%	NOUN
faba-150	172	47	(	(	PUNCT
faba-150	172	48	bancel	bancel	NOUN
faba-150	172	49	and	and	CCONJ
faba-150	172	50	mittoo	mittoo	NOUN
faba-150	172	51	2014	2014	NUM
faba-150	172	52	)	)	PUNCT
faba-150	172	53	.	.	PUNCT
faba-150	173	1	question	question	NOUN
faba-150	173	2	five	five	NUM
faba-150	173	3	of	of	ADP
faba-150	173	4	the	the	DET
faba-150	173	5	survey	survey	NOUN
faba-150	173	6	is	be	AUX
faba-150	173	7	about	about	ADP
faba-150	173	8	preferred	preferred	ADJ
faba-150	173	9	combinations	combination	NOUN
faba-150	173	10	of	of	ADP
faba-150	173	11	methods	method	NOUN
faba-150	173	12	:	:	PUNCT
faba-150	173	13	indicate	indicate	VERB
faba-150	173	14	the	the	DET
faba-150	173	15	methods	method	NOUN
faba-150	173	16	and	and	CCONJ
faba-150	173	17	models	model	NOUN
faba-150	173	18	that	that	PRON
faba-150	173	19	are	be	AUX
faba-150	173	20	most	most	ADV
faba-150	173	21	often	often	ADV
faba-150	173	22	included	include	VERB
faba-150	173	23	in	in	ADP
faba-150	173	24	the	the	DET
faba-150	173	25	combination	combination	NOUN
faba-150	173	26	of	of	ADP
faba-150	173	27	methods	method	NOUN
faba-150	173	28	and	and	CCONJ
faba-150	173	29	models	model	NOUN
faba-150	173	30	you	you	PRON
faba-150	173	31	use	use	VERB
faba-150	173	32	in	in	ADP
faba-150	173	33	a	a	DET
faba-150	173	34	single	single	ADJ
faba-150	173	35	valuation	valuation	NOUN
faba-150	173	36	(	(	PUNCT
faba-150	173	37	you	you	PRON
faba-150	173	38	may	may	AUX
faba-150	173	39	indicate	indicate	VERB
faba-150	173	40	more	more	ADJ
faba-150	173	41	than	than	ADP
faba-150	173	42	one	one	NUM
faba-150	173	43	possible	possible	ADJ
faba-150	173	44	answer	answer	NOUN
faba-150	173	45	):	):	PUNCT
faba-150	173	46	a.	a.	NOUN
faba-150	173	47	net	net	ADJ
faba-150	173	48	asset	asset	NOUN
faba-150	173	49	value	value	NOUN
faba-150	173	50	(	(	PUNCT
faba-150	173	51	nav	nav	NOUN
faba-150	173	52	)	)	PUNCT
faba-150	173	53	method	method	PROPN
faba-150	173	54	b.	b.	PROPN
faba-150	173	55	dcf	dcf	PROPN
faba-150	173	56	enterprise	enterprise	PROPN
faba-150	173	57	valuation	valuation	PROPN
faba-150	173	58	model	model	PROPN
faba-150	173	59	c.	c.	PROPN
faba-150	173	60	dcf	dcf	PROPN
faba-150	173	61	equity	equity	PROPN
faba-150	173	62	valuation	valuation	PROPN
faba-150	173	63	model	model	PROPN
faba-150	173	64	d.	d.	PROPN
faba-150	173	65	dividend	dividend	PROPN
faba-150	173	66	discount	discount	PROPN
faba-150	173	67	model	model	NOUN
faba-150	173	68	(	(	PUNCT
faba-150	173	69	ddm	ddm	PROPN
faba-150	173	70	)	)	PUNCT
faba-150	173	71	e.	e.	PROPN
faba-150	173	72	relative	relative	PROPN
faba-150	173	73	valuation	valuation	PROPN
faba-150	173	74	(	(	PUNCT
faba-150	173	75	peer	peer	NOUN
faba-150	173	76	companies	company	NOUN
faba-150	173	77	)	)	PUNCT
faba-150	173	78	method	method	PROPN
faba-150	173	79	f.	f.	PROPN
faba-150	173	80	excess	excess	PROPN
faba-150	173	81	income	income	NOUN
faba-150	173	82	model	model	NOUN
faba-150	173	83	(	(	PUNCT
faba-150	173	84	economic	economic	ADJ
faba-150	173	85	profit	profit	NOUN
faba-150	173	86	model	model	NOUN
faba-150	173	87	)	)	PUNCT
faba-150	173	88	g.	g.	PROPN
faba-150	173	89	adjusted	adjust	VERB
faba-150	173	90	present	present	ADJ
faba-150	173	91	value	value	NOUN
faba-150	173	92	model	model	NOUN
faba-150	173	93	h.	h.	PROPN
faba-150	173	94	models	model	NOUN
faba-150	173	95	based	base	VERB
faba-150	173	96	on	on	ADP
faba-150	173	97	the	the	DET
faba-150	173	98	valuation	valuation	NOUN
faba-150	173	99	of	of	ADP
faba-150	173	100	real	real	ADJ
faba-150	173	101	options	option	NOUN
faba-150	173	102	i.	i.	PROPN
faba-150	173	103	other	other	ADJ
faba-150	173	104	figure	figure	NOUN
faba-150	173	105	8	8	NUM
faba-150	173	106	illustrates	illustrate	VERB
faba-150	173	107	very	very	ADV
faba-150	173	108	interesting	interesting	ADJ
faba-150	173	109	results	result	NOUN
faba-150	173	110	.	.	PUNCT
faba-150	174	1	surprisingly	surprisingly	ADV
faba-150	174	2	,	,	PUNCT
faba-150	174	3	the	the	DET
faba-150	174	4	net	net	ADJ
faba-150	174	5	asset	asset	NOUN
faba-150	174	6	value	value	NOUN
faba-150	174	7	(	(	PUNCT
faba-150	174	8	nav	nav	NOUN
faba-150	174	9	)	)	PUNCT
faba-150	174	10	method	method	NOUN
faba-150	174	11	ranks	rank	VERB
faba-150	174	12	first	first	ADV
faba-150	174	13	in	in	ADP
faba-150	174	14	the	the	DET
faba-150	174	15	combinations	combination	NOUN
faba-150	174	16	of	of	ADP
faba-150	174	17	valuation	valuation	NOUN
faba-150	174	18	methods	method	NOUN
faba-150	174	19	used	use	VERB
faba-150	174	20	by	by	ADP
faba-150	174	21	80	80	NUM
faba-150	174	22	%	%	NOUN
faba-150	174	23	of	of	ADP
faba-150	174	24	the	the	DET
faba-150	174	25	respondents	respondent	NOUN
faba-150	174	26	.	.	PUNCT
faba-150	175	1	it	it	PRON
faba-150	175	2	is	be	AUX
faba-150	175	3	followed	follow	VERB
faba-150	175	4	by	by	ADP
faba-150	175	5	the	the	DET
faba-150	175	6	dcf	dcf	PROPN
faba-150	175	7	enterprise	enterprise	NOUN
faba-150	175	8	model	model	NOUN
faba-150	175	9	with	with	ADP
faba-150	175	10	74	74	NUM
faba-150	175	11	%	%	NOUN
faba-150	175	12	.	.	PUNCT
faba-150	176	1	the	the	DET
faba-150	176	2	relative	relative	ADJ
faba-150	176	3	valuation	valuation	PROPN
faba-150	176	4	method	method	NOUN
faba-150	176	5	falls	fall	VERB
faba-150	176	6	into	into	ADP
faba-150	176	7	the	the	DET
faba-150	176	8	used	use	VERB
faba-150	176	9	combinations	combination	NOUN
faba-150	176	10	of	of	ADP
faba-150	176	11	methods	method	NOUN
faba-150	176	12	in	in	ADP
faba-150	176	13	48	48	NUM
faba-150	176	14	%	%	NOUN
faba-150	176	15	of	of	ADP
faba-150	176	16	the	the	DET
faba-150	176	17	cases	case	NOUN
faba-150	176	18	,	,	PUNCT
faba-150	176	19	the	the	DET
faba-150	176	20	dcf	dcf	PROPN
faba-150	176	21	equity	equity	NOUN
faba-150	176	22	model	model	NOUN
faba-150	176	23	in	in	ADP
faba-150	176	24	42	42	NUM
faba-150	176	25	%	%	NOUN
faba-150	176	26	of	of	ADP
faba-150	176	27	the	the	DET
faba-150	176	28	cases	case	NOUN
faba-150	176	29	,	,	PUNCT
faba-150	176	30	and	and	CCONJ
faba-150	176	31	the	the	DET
faba-150	176	32	dividend	dividend	NOUN
faba-150	176	33	model	model	NOUN
faba-150	176	34	in	in	ADP
faba-150	176	35	only	only	ADV
faba-150	176	36	14	14	NUM
faba-150	176	37	%	%	NOUN
faba-150	176	38	of	of	ADP
faba-150	176	39	the	the	DET
faba-150	176	40	cases	case	NOUN
faba-150	176	41	.	.	PUNCT
faba-150	177	1	the	the	DET
faba-150	177	2	rest	rest	NOUN
faba-150	177	3	of	of	ADP
faba-150	177	4	the	the	DET
faba-150	177	5	methods	method	NOUN
faba-150	177	6	and	and	CCONJ
faba-150	177	7	models	model	NOUN
faba-150	177	8	very	very	ADV
faba-150	177	9	rarely	rarely	ADV
faba-150	177	10	fall	fall	VERB
faba-150	177	11	into	into	ADP
faba-150	177	12	the	the	DET
faba-150	177	13	used	use	VERB
faba-150	177	14	combinations	combination	NOUN
faba-150	177	15	:	:	PUNCT
faba-150	177	16	the	the	DET
faba-150	177	17	adjusted	adjust	VERB
faba-150	177	18	present	present	ADJ
faba-150	177	19	value	value	NOUN
faba-150	177	20	model	model	NOUN
faba-150	177	21	is	be	AUX
faba-150	177	22	8	8	NUM
faba-150	177	23	%	%	NOUN
faba-150	177	24	,	,	PUNCT
faba-150	177	25	models	model	NOUN
faba-150	177	26	with	with	ADP
faba-150	177	27	valuation	valuation	NOUN
faba-150	177	28	of	of	ADP
faba-150	177	29	real	real	ADJ
faba-150	177	30	options	option	NOUN
faba-150	177	31	–	–	PUNCT
faba-150	177	32	6	6	NUM
faba-150	177	33	%	%	NOUN
faba-150	177	34	,	,	PUNCT
faba-150	177	35	model	model	NOUN
faba-150	177	36	of	of	ADP
faba-150	177	37	economic	economic	ADJ
faba-150	177	38	profit	profit	NOUN
faba-150	177	39	–	–	PUNCT
faba-150	177	40	2	2	NUM
faba-150	177	41	%	%	NOUN
faba-150	177	42	and	and	CCONJ
faba-150	177	43	other	other	ADJ
faba-150	177	44	methods	method	NOUN
faba-150	177	45	–	–	PUNCT
faba-150	177	46	2	2	NUM
faba-150	177	47	%	%	NOUN
faba-150	177	48	.	.	PUNCT
faba-150	178	1	0	0	NUM
faba-150	178	2	%	%	NOUN
faba-150	178	3	10	10	NUM
faba-150	178	4	%	%	NOUN
faba-150	178	5	20	20	NUM
faba-150	178	6	%	%	NOUN
faba-150	178	7	30	30	NUM
faba-150	178	8	%	%	NOUN
faba-150	178	9	40	40	NUM
faba-150	178	10	%	%	NOUN
faba-150	178	11	50	50	NUM
faba-150	178	12	%	%	NOUN
faba-150	178	13	60	60	NUM
faba-150	178	14	%	%	NOUN
faba-150	178	15	70	70	NUM
faba-150	178	16	%	%	NOUN
faba-150	178	17	80	80	NUM
faba-150	178	18	%	%	NOUN
faba-150	179	1	one	one	NUM
faba-150	179	2	two	two	NUM
faba-150	179	3	three	three	NUM
faba-150	179	4	four	four	NUM
faba-150	179	5	five	five	NUM
faba-150	179	6	more	more	ADJ
faba-150	179	7	than	than	ADP
faba-150	179	8	five	five	NUM
faba-150	179	9	question	question	NOUN
faba-150	179	10	4	4	NUM
faba-150	179	11	:	:	PUNCT
faba-150	179	12	how	how	SCONJ
faba-150	179	13	many	many	ADJ
faba-150	179	14	methods	method	NOUN
faba-150	179	15	(	(	PUNCT
faba-150	179	16	models	model	NOUN
faba-150	179	17	)	)	PUNCT
faba-150	179	18	do	do	AUX
faba-150	179	19	you	you	PRON
faba-150	179	20	usually	usually	ADV
faba-150	179	21	use	use	VERB
faba-150	179	22	for	for	ADP
faba-150	179	23	one	one	NUM
faba-150	179	24	valuation	valuation	NOUN
faba-150	179	25	?	?	PUNCT
faba-150	180	1	dimiter	dimiter	NOUN
faba-150	180	2	nenkov	nenkov	PROPN
faba-150	180	3	/	/	SYM
faba-150	180	4	finance	finance	NOUN
faba-150	180	5	,	,	PUNCT
faba-150	180	6	accounting	accounting	NOUN
faba-150	180	7	and	and	CCONJ
faba-150	180	8	business	business	NOUN
faba-150	180	9	analysis	analysis	NOUN
faba-150	180	10	,	,	PUNCT
faba-150	180	11	volume	volume	NOUN
faba-150	180	12	5	5	NUM
faba-150	180	13	,	,	PUNCT
faba-150	180	14	issue	issue	NOUN
faba-150	180	15	1	1	NUM
faba-150	180	16	,	,	PUNCT
faba-150	180	17	2023	2023	NUM
faba-150	180	18	10	10	NUM
faba-150	180	19	source	source	NOUN
faba-150	180	20	:	:	PUNCT
faba-150	180	21	survey	survey	NOUN
faba-150	180	22	and	and	CCONJ
faba-150	180	23	calculations	calculation	NOUN
faba-150	180	24	by	by	ADP
faba-150	180	25	the	the	DET
faba-150	180	26	author	author	NOUN
faba-150	180	27	figure	figure	NOUN
faba-150	180	28	8	8	NUM
faba-150	180	29	.	.	PUNCT
faba-150	181	1	answers	answer	NOUN
faba-150	181	2	to	to	PART
faba-150	181	3	question	question	VERB
faba-150	181	4	5	5	NUM
faba-150	181	5	one	one	NUM
faba-150	181	6	of	of	ADP
faba-150	181	7	the	the	DET
faba-150	181	8	main	main	ADJ
faba-150	181	9	reasons	reason	NOUN
faba-150	181	10	why	why	SCONJ
faba-150	181	11	the	the	DET
faba-150	181	12	first	first	ADJ
faba-150	181	13	place	place	NOUN
faba-150	181	14	of	of	ADP
faba-150	181	15	nav	nav	NOUN
faba-150	181	16	is	be	AUX
faba-150	181	17	taken	take	VERB
faba-150	181	18	as	as	ADP
faba-150	181	19	a	a	DET
faba-150	181	20	surprise	surprise	NOUN
faba-150	181	21	is	be	AUX
faba-150	181	22	that	that	SCONJ
faba-150	181	23	it	it	PRON
faba-150	181	24	was	be	AUX
faba-150	181	25	preferred	prefer	VERB
faba-150	181	26	as	as	ADP
faba-150	181	27	the	the	DET
faba-150	181	28	most	most	ADV
faba-150	181	29	reliable	reliable	ADJ
faba-150	181	30	in	in	ADP
faba-150	181	31	principle	principle	NOUN
faba-150	181	32	(	(	PUNCT
faba-150	181	33	question	question	NOUN
faba-150	181	34	3	3	NUM
faba-150	181	35	)	)	PUNCT
faba-150	181	36	by	by	ADP
faba-150	181	37	only	only	ADV
faba-150	181	38	24	24	NUM
faba-150	181	39	%	%	NOUN
faba-150	181	40	of	of	ADP
faba-150	181	41	the	the	DET
faba-150	181	42	respondents	respondent	NOUN
faba-150	181	43	in	in	ADP
faba-150	181	44	this	this	DET
faba-150	181	45	survey	survey	NOUN
faba-150	181	46	(	(	PUNCT
faba-150	181	47	see	see	VERB
faba-150	181	48	fig	fig	NOUN
faba-150	181	49	.	.	PUNCT
faba-150	182	1	6	6	NUM
faba-150	182	2	)	)	PUNCT
faba-150	182	3	.	.	PUNCT
faba-150	183	1	in	in	ADP
faba-150	183	2	europe	europe	PROPN
faba-150	183	3	,	,	PUNCT
faba-150	183	4	too	too	ADV
faba-150	183	5	,	,	PUNCT
faba-150	183	6	only	only	ADV
faba-150	183	7	22	22	NUM
faba-150	183	8	%	%	NOUN
faba-150	183	9	of	of	ADP
faba-150	183	10	experts	expert	NOUN
faba-150	183	11	rely	rely	VERB
faba-150	183	12	on	on	ADP
faba-150	183	13	nav	nav	NOUN
faba-150	183	14	.	.	PUNCT
faba-150	184	1	apparently	apparently	ADV
faba-150	184	2	,	,	PUNCT
faba-150	184	3	the	the	DET
faba-150	184	4	explanation	explanation	NOUN
faba-150	184	5	for	for	ADP
faba-150	184	6	the	the	DET
faba-150	184	7	extremely	extremely	ADV
faba-150	184	8	strong	strong	ADJ
faba-150	184	9	presence	presence	NOUN
faba-150	184	10	of	of	ADP
faba-150	184	11	net	net	ADJ
faba-150	184	12	asset	asset	NOUN
faba-150	184	13	value	value	NOUN
faba-150	184	14	in	in	ADP
faba-150	184	15	the	the	DET
faba-150	184	16	combinations	combination	NOUN
faba-150	184	17	of	of	ADP
faba-150	184	18	methods	method	NOUN
faba-150	184	19	used	use	VERB
faba-150	184	20	in	in	ADP
faba-150	184	21	bulgaria	bulgaria	PROPN
faba-150	184	22	should	should	AUX
faba-150	184	23	be	be	AUX
faba-150	184	24	sought	seek	VERB
faba-150	184	25	in	in	ADP
faba-150	184	26	another	another	DET
faba-150	184	27	direction	direction	NOUN
faba-150	184	28	.	.	PUNCT
faba-150	185	1	apparently	apparently	ADV
faba-150	185	2	,	,	PUNCT
faba-150	185	3	the	the	DET
faba-150	185	4	analysts	analyst	NOUN
faba-150	185	5	and	and	CCONJ
faba-150	185	6	appraisers	appraiser	NOUN
faba-150	185	7	of	of	ADP
faba-150	185	8	enterprises	enterprise	NOUN
faba-150	185	9	in	in	ADP
faba-150	185	10	the	the	DET
faba-150	185	11	country	country	NOUN
faba-150	185	12	have	have	VERB
faba-150	185	13	to	to	PART
faba-150	185	14	include	include	VERB
faba-150	185	15	this	this	DET
faba-150	185	16	method	method	NOUN
faba-150	185	17	in	in	ADP
faba-150	185	18	their	their	PRON
faba-150	185	19	valuations	valuation	NOUN
faba-150	185	20	for	for	ADP
faba-150	185	21	one	one	NUM
faba-150	185	22	reason	reason	NOUN
faba-150	185	23	or	or	CCONJ
faba-150	185	24	another	another	PRON
faba-150	185	25	:	:	PUNCT
faba-150	185	26			NOUN
faba-150	185	27	in	in	ADP
faba-150	185	28	certain	certain	ADJ
faba-150	185	29	cases	case	NOUN
faba-150	185	30	,	,	PUNCT
faba-150	185	31	they	they	PRON
faba-150	185	32	may	may	AUX
faba-150	185	33	be	be	AUX
faba-150	185	34	required	require	VERB
faba-150	185	35	to	to	PART
faba-150	185	36	do	do	VERB
faba-150	185	37	so	so	ADV
faba-150	185	38	.	.	PUNCT
faba-150	186	1			X
faba-150	186	2	in	in	ADP
faba-150	186	3	other	other	ADJ
faba-150	186	4	cases	case	NOUN
faba-150	186	5	,	,	PUNCT
faba-150	186	6	the	the	DET
faba-150	186	7	contracting	contracting	NOUN
faba-150	186	8	authorities	authority	NOUN
faba-150	186	9	require	require	VERB
faba-150	186	10	to	to	ADP
faba-150	186	11	a	a	DET
faba-150	186	12	significant	significant	ADJ
faba-150	186	13	extent	extent	NOUN
faba-150	186	14	that	that	SCONJ
faba-150	186	15	the	the	DET
faba-150	186	16	value	value	NOUN
faba-150	186	17	be	be	AUX
faba-150	186	18	derived	derive	VERB
faba-150	186	19	precisely	precisely	ADV
faba-150	186	20	on	on	ADP
faba-150	186	21	the	the	DET
faba-150	186	22	basis	basis	NOUN
faba-150	186	23	of	of	ADP
faba-150	186	24	the	the	DET
faba-150	186	25	company	company	NOUN
faba-150	186	26	's	's	PART
faba-150	186	27	assets	asset	NOUN
faba-150	186	28	.	.	PUNCT
faba-150	187	1			PUNCT
faba-150	187	2	this	this	DET
faba-150	187	3	method	method	NOUN
faba-150	187	4	has	have	AUX
faba-150	187	5	traditionally	traditionally	ADV
faba-150	187	6	been	be	AUX
faba-150	187	7	applied	apply	VERB
faba-150	187	8	very	very	ADV
faba-150	187	9	intensively	intensively	ADV
faba-150	187	10	in	in	ADP
faba-150	187	11	the	the	DET
faba-150	187	12	conditions	condition	NOUN
faba-150	187	13	of	of	ADP
faba-150	187	14	bulgaria	bulgaria	PROPN
faba-150	187	15	during	during	ADP
faba-150	187	16	the	the	DET
faba-150	187	17	last	last	ADJ
faba-150	187	18	three	three	NUM
faba-150	187	19	decades	decade	NOUN
faba-150	187	20	.	.	PUNCT
faba-150	188	1			X
faba-150	188	2	there	there	PRON
faba-150	188	3	are	be	VERB
faba-150	188	4	also	also	ADV
faba-150	188	5	many	many	ADJ
faba-150	188	6	cases	case	NOUN
faba-150	188	7	when	when	SCONJ
faba-150	188	8	the	the	DET
faba-150	188	9	financial	financial	ADJ
faba-150	188	10	indicators	indicator	NOUN
faba-150	188	11	of	of	ADP
faba-150	188	12	the	the	DET
faba-150	188	13	enterprises	enterprise	NOUN
faba-150	188	14	are	be	AUX
faba-150	188	15	such	such	ADJ
faba-150	188	16	that	that	SCONJ
faba-150	188	17	they	they	PRON
faba-150	188	18	do	do	AUX
faba-150	188	19	not	not	PART
faba-150	188	20	allow	allow	VERB
faba-150	188	21	them	they	PRON
faba-150	188	22	to	to	PART
faba-150	188	23	be	be	AUX
faba-150	188	24	valued	value	VERB
faba-150	188	25	using	use	VERB
faba-150	188	26	the	the	DET
faba-150	188	27	discounted	discount	VERB
faba-150	188	28	cash	cash	NOUN
faba-150	188	29	flow	flow	NOUN
faba-150	188	30	models	model	NOUN
faba-150	188	31	.	.	PUNCT
faba-150	189	1			PRON
faba-150	189	2	not	not	PART
faba-150	189	3	infrequently	infrequently	ADV
faba-150	189	4	,	,	PUNCT
faba-150	189	5	the	the	DET
faba-150	189	6	valued	value	VERB
faba-150	189	7	enterprises	enterprise	NOUN
faba-150	189	8	are	be	AUX
faba-150	189	9	before	before	ADP
faba-150	189	10	or	or	CCONJ
faba-150	189	11	after	after	ADP
faba-150	189	12	the	the	DET
faba-150	189	13	cessation	cessation	NOUN
faba-150	189	14	of	of	ADP
faba-150	189	15	activity	activity	NOUN
faba-150	189	16	,	,	PUNCT
faba-150	189	17	which	which	PRON
faba-150	189	18	does	do	AUX
faba-150	189	19	not	not	PART
faba-150	189	20	allow	allow	VERB
faba-150	189	21	the	the	DET
faba-150	189	22	application	application	NOUN
faba-150	189	23	of	of	ADP
faba-150	189	24	the	the	DET
faba-150	189	25	alternative	alternative	ADJ
faba-150	189	26	methods	method	NOUN
faba-150	189	27	of	of	ADP
faba-150	189	28	valuation	valuation	NOUN
faba-150	189	29	,	,	PUNCT
faba-150	189	30	and	and	CCONJ
faba-150	189	31	anyway	anyway	ADV
faba-150	189	32	one	one	PRON
faba-150	189	33	must	must	AUX
faba-150	189	34	rely	rely	VERB
faba-150	189	35	on	on	ADP
faba-150	189	36	the	the	DET
faba-150	189	37	nav	nav	NOUN
faba-150	189	38	or	or	CCONJ
faba-150	189	39	the	the	DET
faba-150	189	40	liquidation	liquidation	NOUN
faba-150	189	41	value	value	NOUN
faba-150	189	42	method	method	NOUN
faba-150	189	43	.	.	PUNCT
faba-150	190	1	on	on	ADP
faba-150	190	2	this	this	DET
faba-150	190	3	issue	issue	NOUN
faba-150	190	4	,	,	PUNCT
faba-150	190	5	an	an	DET
faba-150	190	6	additional	additional	ADJ
faba-150	190	7	deeper	deep	ADJ
faba-150	190	8	study	study	NOUN
faba-150	190	9	is	be	AUX
faba-150	190	10	required	require	VERB
faba-150	190	11	.	.	PUNCT
faba-150	191	1	there	there	PRON
faba-150	191	2	is	be	VERB
faba-150	191	3	also	also	ADV
faba-150	191	4	some	some	DET
faba-150	191	5	discrepancy	discrepancy	NOUN
faba-150	191	6	regarding	regard	VERB
faba-150	191	7	the	the	DET
faba-150	191	8	relative	relative	ADJ
faba-150	191	9	valuation	valuation	NOUN
faba-150	191	10	method	method	NOUN
faba-150	191	11	.	.	PUNCT
faba-150	192	1	it	it	PRON
faba-150	192	2	is	be	AUX
faba-150	192	3	indicated	indicate	VERB
faba-150	192	4	as	as	ADP
faba-150	192	5	reliable	reliable	ADJ
faba-150	192	6	by	by	ADP
faba-150	192	7	only	only	ADV
faba-150	192	8	10	10	NUM
faba-150	192	9	%	%	NOUN
faba-150	192	10	of	of	ADP
faba-150	192	11	the	the	DET
faba-150	192	12	respondents	respondent	NOUN
faba-150	192	13	(	(	PUNCT
faba-150	192	14	fig	fig	NOUN
faba-150	192	15	.	.	PUNCT
faba-150	193	1	6	6	NUM
faba-150	193	2	)	)	PUNCT
faba-150	193	3	,	,	PUNCT
faba-150	194	1	but	but	CCONJ
faba-150	194	2	it	it	PRON
faba-150	194	3	is	be	AUX
faba-150	194	4	included	include	VERB
faba-150	194	5	in	in	ADP
faba-150	194	6	the	the	DET
faba-150	194	7	combinations	combination	NOUN
faba-150	194	8	of	of	ADP
faba-150	194	9	valuation	valuation	NOUN
faba-150	194	10	methods	method	NOUN
faba-150	194	11	and	and	CCONJ
faba-150	194	12	models	model	NOUN
faba-150	194	13	by	by	ADP
faba-150	194	14	48	48	NUM
faba-150	194	15	%	%	NOUN
faba-150	194	16	of	of	ADP
faba-150	194	17	the	the	DET
faba-150	194	18	respondents	respondent	NOUN
faba-150	194	19	.	.	PUNCT
faba-150	195	1	the	the	DET
faba-150	195	2	sixth	sixth	ADJ
faba-150	195	3	question	question	NOUN
faba-150	195	4	in	in	ADP
faba-150	195	5	the	the	DET
faba-150	195	6	survey	survey	NOUN
faba-150	195	7	is	be	AUX
faba-150	195	8	about	about	ADP
faba-150	195	9	which	which	PRON
faba-150	195	10	of	of	ADP
faba-150	195	11	the	the	DET
faba-150	195	12	three	three	NUM
faba-150	195	13	possible	possible	ADJ
faba-150	195	14	valuation	valuation	NOUN
faba-150	195	15	approaches	approach	NOUN
faba-150	195	16	are	be	AUX
faba-150	195	17	trusted	trust	VERB
faba-150	195	18	by	by	ADP
faba-150	195	19	analysts	analyst	NOUN
faba-150	195	20	and	and	CCONJ
faba-150	195	21	appraisers	appraiser	NOUN
faba-150	195	22	in	in	ADP
faba-150	195	23	bulgaria	bulgaria	PROPN
faba-150	195	24	:	:	PUNCT
faba-150	195	25	assuming	assume	VERB
faba-150	195	26	that	that	SCONJ
faba-150	195	27	there	there	PRON
faba-150	195	28	are	be	VERB
faba-150	195	29	three	three	NUM
faba-150	195	30	main	main	ADJ
faba-150	195	31	approaches	approach	NOUN
faba-150	195	32	to	to	ADP
faba-150	195	33	deriving	derive	VERB
faba-150	195	34	enterprise	enterprise	NOUN
faba-150	195	35	value	value	NOUN
faba-150	195	36	1/	1/	NUM
faba-150	195	37	asset	asset	NOUN
faba-150	195	38	-	-	PUNCT
faba-150	195	39	based	base	VERB
faba-150	195	40	approach	approach	NOUN
faba-150	195	41	,	,	PUNCT
faba-150	195	42	2/	2/	NUM
faba-150	195	43	income	income	NOUN
faba-150	195	44	-	-	PUNCT
faba-150	195	45	based	base	VERB
faba-150	195	46	(	(	PUNCT
faba-150	195	47	discounted	discount	VERB
faba-150	195	48	cash	cash	NOUN
faba-150	195	49	flow	flow	NOUN
faba-150	195	50	)	)	PUNCT
faba-150	195	51	approach	approach	NOUN
faba-150	195	52	and	and	CCONJ
faba-150	195	53	3/	3/	NUM
faba-150	195	54	relative	relative	ADJ
faba-150	195	55	valuation	valuation	NOUN
faba-150	195	56	approach	approach	NOUN
faba-150	195	57	,	,	PUNCT
faba-150	195	58	which	which	PRON
faba-150	195	59	of	of	ADP
faba-150	195	60	the	the	DET
faba-150	195	61	three	three	NUM
faba-150	195	62	do	do	AUX
faba-150	195	63	you	you	PRON
faba-150	195	64	think	think	VERB
faba-150	195	65	is	be	AUX
faba-150	195	66	most	most	ADV
faba-150	195	67	reliable	reliable	ADJ
faba-150	195	68	in	in	ADP
faba-150	195	69	principle	principle	NOUN
faba-150	195	70	?	?	PUNCT
faba-150	196	1	a.	a.	NOUN
faba-150	196	2	asset	asset	NOUN
faba-150	196	3	-	-	PUNCT
faba-150	196	4	based	base	VERB
faba-150	196	5	approach	approach	NOUN
faba-150	196	6	b.	b.	PROPN
faba-150	196	7	income	income	NOUN
faba-150	196	8	-	-	PUNCT
faba-150	196	9	based	base	VERB
faba-150	196	10	(	(	PUNCT
faba-150	196	11	discounted	discount	VERB
faba-150	196	12	cash	cash	NOUN
faba-150	196	13	flow	flow	NOUN
faba-150	196	14	)	)	PUNCT
faba-150	196	15	approach	approach	NOUN
faba-150	196	16	c.	c.	PROPN
faba-150	196	17	relative	relative	PROPN
faba-150	196	18	valuation	valuation	PROPN
faba-150	196	19	approach	approach	PROPN
faba-150	196	20	d.	d.	PROPN
faba-150	196	21	it	it	PRON
faba-150	196	22	depends	depend	VERB
faba-150	196	23	on	on	ADP
faba-150	196	24	the	the	DET
faba-150	196	25	specific	specific	ADJ
faba-150	196	26	case	case	NOUN
faba-150	196	27	80	80	NUM
faba-150	196	28	%	%	NOUN
faba-150	196	29	74	74	NUM
faba-150	196	30	%	%	NOUN
faba-150	196	31	42	42	NUM
faba-150	196	32	%	%	NOUN
faba-150	196	33	14	14	NUM
faba-150	196	34	%	%	NOUN
faba-150	196	35	48	48	NUM
faba-150	196	36	%	%	NOUN
faba-150	196	37	2	2	NUM
faba-150	196	38	%	%	NOUN
faba-150	196	39	8	8	NUM
faba-150	196	40	%	%	NOUN
faba-150	196	41	6	6	NUM
faba-150	196	42	%	%	NOUN
faba-150	196	43	2	2	NUM
faba-150	196	44	%	%	NOUN
faba-150	196	45	0	0	NUM
faba-150	196	46	%	%	NOUN
faba-150	196	47	20	20	NUM
faba-150	196	48	%	%	NOUN
faba-150	196	49	40	40	NUM
faba-150	196	50	%	%	NOUN
faba-150	196	51	60	60	NUM
faba-150	196	52	%	%	NOUN
faba-150	196	53	80	80	NUM
faba-150	196	54	%	%	NOUN
faba-150	196	55	100	100	NUM
faba-150	196	56	%	%	NOUN
faba-150	196	57	method	method	NOUN
faba-150	196	58	net	net	ADJ
faba-150	196	59	asset	asset	NOUN
faba-150	196	60	value	value	NOUN
faba-150	196	61	(	(	PUNCT
faba-150	196	62	nav	nav	NOUN
faba-150	196	63	)	)	PUNCT
faba-150	196	64	dcf	dcf	PROPN
faba-150	196	65	enterprise	enterprise	NOUN
faba-150	196	66	valuation	valuation	NOUN
faba-150	196	67	model	model	PROPN
faba-150	196	68	dcf	dcf	PROPN
faba-150	196	69	equity	equity	PROPN
faba-150	196	70	valuation	valuation	PROPN
faba-150	196	71	model	model	PROPN
faba-150	196	72	discounted	discount	VERB
faba-150	196	73	dividend	dividend	NOUN
faba-150	196	74	model	model	NOUN
faba-150	196	75	(	(	PUNCT
faba-150	196	76	ddm	ddm	PROPN
faba-150	196	77	)	)	PUNCT
faba-150	196	78	relative	relative	ADJ
faba-150	196	79	valuation	valuation	NOUN
faba-150	196	80	method	method	NOUN
faba-150	196	81	(	(	PUNCT
faba-150	196	82	peer	peer	NOUN
faba-150	196	83	companies	company	NOUN
faba-150	196	84	method	method	VERB
faba-150	196	85	)	)	PUNCT
faba-150	196	86	extra	extra	ADJ
faba-150	196	87	return	return	NOUN
faba-150	196	88	model	model	NOUN
faba-150	196	89	(	(	PUNCT
faba-150	196	90	economic	economic	ADJ
faba-150	196	91	profit	profit	NOUN
faba-150	196	92	model	model	NOUN
faba-150	196	93	)	)	PUNCT
faba-150	196	94	adjusted	adjust	VERB
faba-150	196	95	present	present	ADJ
faba-150	196	96	value	value	NOUN
faba-150	196	97	model	model	NOUN
faba-150	196	98	(	(	PUNCT
faba-150	196	99	apv	apv	PROPN
faba-150	196	100	)	)	PUNCT
faba-150	196	101	models	model	NOUN
faba-150	196	102	based	base	VERB
faba-150	196	103	on	on	ADP
faba-150	196	104	the	the	DET
faba-150	196	105	valuation	valuation	NOUN
faba-150	196	106	of	of	ADP
faba-150	196	107	real	real	ADJ
faba-150	196	108	options	option	NOUN
faba-150	196	109	other	other	ADJ
faba-150	196	110	question	question	NOUN
faba-150	196	111	5	5	NUM
faba-150	196	112	:	:	PUNCT
faba-150	196	113	indicate	indicate	VERB
faba-150	196	114	the	the	DET
faba-150	196	115	methods	method	NOUN
faba-150	196	116	and	and	CCONJ
faba-150	196	117	models	model	NOUN
faba-150	196	118	that	that	PRON
faba-150	196	119	are	be	AUX
faba-150	196	120	most	most	ADV
faba-150	196	121	often	often	ADV
faba-150	196	122	included	include	VERB
faba-150	196	123	in	in	ADP
faba-150	196	124	the	the	DET
faba-150	196	125	combination	combination	NOUN
faba-150	196	126	of	of	ADP
faba-150	196	127	methods	method	NOUN
faba-150	196	128	and	and	CCONJ
faba-150	196	129	models	model	NOUN
faba-150	196	130	you	you	PRON
faba-150	196	131	use	use	VERB
faba-150	196	132	in	in	ADP
faba-150	196	133	a	a	DET
faba-150	196	134	single	single	ADJ
faba-150	196	135	valuation	valuation	NOUN
faba-150	196	136	dimiter	dimiter	NOUN
faba-150	196	137	nenkov	nenkov	PROPN
faba-150	196	138	/	/	SYM
faba-150	196	139	finance	finance	NOUN
faba-150	196	140	,	,	PUNCT
faba-150	196	141	accounting	accounting	NOUN
faba-150	196	142	and	and	CCONJ
faba-150	196	143	business	business	NOUN
faba-150	196	144	analysis	analysis	NOUN
faba-150	196	145	,	,	PUNCT
faba-150	196	146	volume	volume	NOUN
faba-150	196	147	5	5	NUM
faba-150	196	148	,	,	PUNCT
faba-150	196	149	issue	issue	NOUN
faba-150	196	150	1	1	NUM
faba-150	196	151	,	,	PUNCT
faba-150	196	152	2023	2023	NUM
faba-150	196	153	11	11	NUM
faba-150	196	154	the	the	DET
faba-150	196	155	question	question	NOUN
faba-150	196	156	is	be	AUX
faba-150	196	157	formulated	formulate	VERB
faba-150	196	158	in	in	ADP
faba-150	196	159	this	this	DET
faba-150	196	160	way	way	NOUN
faba-150	196	161	with	with	ADP
faba-150	196	162	this	this	DET
faba-150	196	163	caveat	caveat	NOUN
faba-150	196	164	at	at	ADP
faba-150	196	165	the	the	DET
faba-150	196	166	beginning	beginning	NOUN
faba-150	196	167	,	,	PUNCT
faba-150	196	168	because	because	SCONJ
faba-150	196	169	not	not	PART
faba-150	196	170	all	all	DET
faba-150	196	171	analysts	analyst	NOUN
faba-150	196	172	and	and	CCONJ
faba-150	196	173	valuers	valuer	NOUN
faba-150	196	174	accept	accept	VERB
faba-150	196	175	the	the	DET
faba-150	196	176	classification	classification	NOUN
faba-150	196	177	of	of	ADP
faba-150	196	178	approaches	approach	NOUN
faba-150	196	179	and	and	CCONJ
faba-150	196	180	methods	method	NOUN
faba-150	196	181	to	to	PART
faba-150	196	182	which	which	PRON
faba-150	196	183	the	the	DET
faba-150	196	184	authors	author	NOUN
faba-150	196	185	of	of	ADP
faba-150	196	186	the	the	DET
faba-150	196	187	present	present	ADJ
faba-150	196	188	study	study	NOUN
faba-150	196	189	adhere	adhere	ADV
faba-150	196	190	.	.	PUNCT
faba-150	197	1	the	the	DET
faba-150	197	2	distribution	distribution	NOUN
faba-150	197	3	of	of	ADP
faba-150	197	4	responses	response	NOUN
faba-150	197	5	is	be	AUX
faba-150	197	6	illustrated	illustrate	VERB
faba-150	197	7	in	in	ADP
faba-150	197	8	figure	figure	NOUN
faba-150	197	9	9	9	NUM
faba-150	197	10	.	.	PUNCT
faba-150	198	1	in	in	ADP
faba-150	198	2	the	the	DET
faba-150	198	3	first	first	ADJ
faba-150	198	4	place	place	NOUN
faba-150	198	5	is	be	AUX
faba-150	198	6	the	the	DET
faba-150	198	7	answer	answer	NOUN
faba-150	198	8	"	"	PUNCT
faba-150	198	9	it	it	PRON
faba-150	198	10	depends	depend	VERB
faba-150	198	11	on	on	ADP
faba-150	198	12	the	the	DET
faba-150	198	13	specific	specific	ADJ
faba-150	198	14	case	case	NOUN
faba-150	198	15	"	"	PUNCT
faba-150	198	16	,	,	PUNCT
faba-150	198	17	given	give	VERB
faba-150	198	18	by	by	ADP
faba-150	198	19	48	48	NUM
faba-150	198	20	%	%	NOUN
faba-150	198	21	of	of	ADP
faba-150	198	22	the	the	DET
faba-150	198	23	respondents	respondent	NOUN
faba-150	198	24	.	.	PUNCT
faba-150	199	1	this	this	PRON
faba-150	199	2	shows	show	VERB
faba-150	199	3	that	that	SCONJ
faba-150	199	4	,	,	PUNCT
faba-150	199	5	according	accord	VERB
faba-150	199	6	to	to	ADP
faba-150	199	7	the	the	DET
faba-150	199	8	experts	expert	NOUN
faba-150	199	9	,	,	PUNCT
faba-150	199	10	there	there	PRON
faba-150	199	11	is	be	VERB
faba-150	199	12	no	no	DET
faba-150	199	13	approach	approach	NOUN
faba-150	199	14	that	that	PRON
faba-150	199	15	seems	seem	VERB
faba-150	199	16	reliable	reliable	ADJ
faba-150	199	17	in	in	ADP
faba-150	199	18	all	all	DET
faba-150	199	19	cases	case	NOUN
faba-150	199	20	.	.	PUNCT
faba-150	200	1	this	this	PRON
faba-150	200	2	is	be	AUX
faba-150	200	3	a	a	DET
faba-150	200	4	very	very	ADV
faba-150	200	5	relevant	relevant	ADJ
faba-150	200	6	position	position	NOUN
faba-150	200	7	,	,	PUNCT
faba-150	200	8	given	give	VERB
faba-150	200	9	that	that	SCONJ
faba-150	200	10	the	the	DET
faba-150	200	11	reliability	reliability	NOUN
faba-150	200	12	of	of	ADP
faba-150	200	13	an	an	DET
faba-150	200	14	approach	approach	NOUN
faba-150	200	15	or	or	CCONJ
faba-150	200	16	its	its	PRON
faba-150	200	17	methods	method	NOUN
faba-150	200	18	depends	depend	VERB
faba-150	200	19	primarily	primarily	ADV
faba-150	200	20	on	on	ADP
faba-150	200	21	the	the	DET
faba-150	200	22	availability	availability	NOUN
faba-150	200	23	and	and	CCONJ
faba-150	200	24	nature	nature	NOUN
faba-150	200	25	of	of	ADP
faba-150	200	26	the	the	DET
faba-150	200	27	information	information	NOUN
faba-150	200	28	needed	need	VERB
faba-150	200	29	for	for	ADP
faba-150	200	30	the	the	DET
faba-150	200	31	valuation	valuation	NOUN
faba-150	200	32	,	,	PUNCT
faba-150	200	33	as	as	ADV
faba-150	200	34	well	well	ADV
faba-150	200	35	as	as	ADP
faba-150	200	36	on	on	ADP
faba-150	200	37	the	the	DET
faba-150	200	38	specific	specific	ADJ
faba-150	200	39	characteristics	characteristic	NOUN
faba-150	200	40	of	of	ADP
faba-150	200	41	the	the	DET
faba-150	200	42	valued	value	VERB
faba-150	200	43	enterprise	enterprise	NOUN
faba-150	200	44	.	.	PUNCT
faba-150	201	1	this	this	PRON
faba-150	201	2	makes	make	VERB
faba-150	201	3	one	one	NUM
faba-150	201	4	approach	approach	NOUN
faba-150	201	5	more	more	ADV
faba-150	201	6	reliable	reliable	ADJ
faba-150	201	7	in	in	ADP
faba-150	201	8	some	some	DET
faba-150	201	9	cases	case	NOUN
faba-150	201	10	and	and	CCONJ
faba-150	201	11	another	another	DET
faba-150	201	12	approach	approach	NOUN
faba-150	201	13	more	more	ADV
faba-150	201	14	reliable	reliable	ADJ
faba-150	201	15	in	in	ADP
faba-150	201	16	other	other	ADJ
faba-150	201	17	cases	case	NOUN
faba-150	201	18	.	.	PUNCT
faba-150	202	1	source	source	NOUN
faba-150	202	2	:	:	PUNCT
faba-150	202	3	survey	survey	NOUN
faba-150	202	4	and	and	CCONJ
faba-150	202	5	calculations	calculation	NOUN
faba-150	202	6	by	by	ADP
faba-150	202	7	the	the	DET
faba-150	202	8	author	author	NOUN
faba-150	202	9	figure	figure	NOUN
faba-150	202	10	9	9	NUM
faba-150	202	11	.	.	PUNCT
faba-150	203	1	answers	answer	NOUN
faba-150	203	2	to	to	PART
faba-150	203	3	question	question	VERB
faba-150	203	4	6	6	NUM
faba-150	203	5	however	however	ADV
faba-150	203	6	,	,	PUNCT
faba-150	203	7	of	of	ADP
faba-150	203	8	the	the	DET
faba-150	203	9	three	three	NUM
faba-150	203	10	valuation	valuation	NOUN
faba-150	203	11	approaches	approach	NOUN
faba-150	203	12	,	,	PUNCT
faba-150	203	13	the	the	DET
faba-150	203	14	income	income	NOUN
faba-150	203	15	-	-	PUNCT
faba-150	203	16	based	base	VERB
faba-150	203	17	(	(	PUNCT
faba-150	203	18	discounted	discount	VERB
faba-150	203	19	cash	cash	NOUN
faba-150	203	20	flow	flow	NOUN
faba-150	203	21	)	)	PUNCT
faba-150	203	22	approach	approach	NOUN
faba-150	203	23	stands	stand	VERB
faba-150	203	24	out	out	ADP
faba-150	203	25	and	and	CCONJ
faba-150	203	26	emerges	emerge	VERB
faba-150	203	27	as	as	ADP
faba-150	203	28	the	the	DET
faba-150	203	29	most	most	ADV
faba-150	203	30	reliable	reliable	ADJ
faba-150	203	31	in	in	ADP
faba-150	203	32	principle	principle	NOUN
faba-150	203	33	in	in	ADP
faba-150	203	34	comparative	comparative	ADJ
faba-150	203	35	order	order	NOUN
faba-150	203	36	(	(	PUNCT
faba-150	203	37	against	against	ADP
faba-150	203	38	the	the	DET
faba-150	203	39	other	other	ADJ
faba-150	203	40	two	two	NUM
faba-150	203	41	)	)	PUNCT
faba-150	203	42	,	,	PUNCT
faba-150	203	43	with	with	ADP
faba-150	203	44	38	38	NUM
faba-150	203	45	%	%	NOUN
faba-150	203	46	.	.	PUNCT
faba-150	204	1	the	the	DET
faba-150	204	2	asset	asset	NOUN
faba-150	204	3	-	-	PUNCT
faba-150	204	4	based	base	VERB
faba-150	204	5	approach	approach	NOUN
faba-150	204	6	is	be	AUX
faba-150	204	7	considered	consider	VERB
faba-150	204	8	the	the	DET
faba-150	204	9	most	most	ADV
faba-150	204	10	reliable	reliable	ADJ
faba-150	204	11	by	by	ADP
faba-150	204	12	only	only	ADV
faba-150	204	13	8	8	NUM
faba-150	204	14	%	%	NOUN
faba-150	204	15	of	of	ADP
faba-150	204	16	respondents	respondent	NOUN
faba-150	204	17	,	,	PUNCT
faba-150	204	18	and	and	CCONJ
faba-150	204	19	the	the	DET
faba-150	204	20	relative	relative	ADJ
faba-150	204	21	valuation	valuation	NOUN
faba-150	204	22	approach	approach	NOUN
faba-150	204	23	by	by	ADP
faba-150	204	24	6	6	NUM
faba-150	204	25	%	%	NOUN
faba-150	204	26	.	.	PUNCT
faba-150	205	1	against	against	ADP
faba-150	205	2	the	the	DET
faba-150	205	3	background	background	NOUN
faba-150	205	4	of	of	ADP
faba-150	205	5	the	the	DET
faba-150	205	6	answers	answer	NOUN
faba-150	205	7	to	to	ADP
faba-150	205	8	the	the	DET
faba-150	205	9	previous	previous	ADJ
faba-150	205	10	questions	question	NOUN
faba-150	205	11	,	,	PUNCT
faba-150	205	12	the	the	DET
faba-150	205	13	extremely	extremely	ADV
faba-150	205	14	low	low	ADJ
faba-150	205	15	confidence	confidence	NOUN
faba-150	205	16	in	in	ADP
faba-150	205	17	the	the	DET
faba-150	205	18	relative	relative	ADJ
faba-150	205	19	valuation	valuation	NOUN
faba-150	205	20	approach	approach	NOUN
faba-150	205	21	among	among	ADP
faba-150	205	22	appraisers	appraiser	NOUN
faba-150	205	23	in	in	ADP
faba-150	205	24	bulgaria	bulgaria	PROPN
faba-150	205	25	is	be	AUX
faba-150	205	26	no	no	ADV
faba-150	205	27	longer	long	ADV
faba-150	205	28	a	a	DET
faba-150	205	29	big	big	ADJ
faba-150	205	30	surprise	surprise	NOUN
faba-150	205	31	.	.	PUNCT
faba-150	206	1	but	but	CCONJ
faba-150	206	2	with	with	ADP
faba-150	206	3	regard	regard	NOUN
faba-150	206	4	to	to	ADP
faba-150	206	5	the	the	DET
faba-150	206	6	asset	asset	NOUN
faba-150	206	7	-	-	PUNCT
faba-150	206	8	based	base	VERB
faba-150	206	9	approach	approach	NOUN
faba-150	206	10	,	,	PUNCT
faba-150	206	11	questions	question	NOUN
faba-150	206	12	still	still	ADV
faba-150	206	13	arise	arise	VERB
faba-150	206	14	its	its	PRON
faba-150	206	15	reliability	reliability	NOUN
faba-150	206	16	is	be	AUX
faba-150	206	17	determined	determine	VERB
faba-150	206	18	to	to	PART
faba-150	206	19	be	be	AUX
faba-150	206	20	very	very	ADV
faba-150	206	21	low	low	ADJ
faba-150	206	22	(	(	PUNCT
faba-150	206	23	with	with	ADP
faba-150	206	24	only	only	ADV
faba-150	206	25	8	8	NUM
faba-150	206	26	%	%	NOUN
faba-150	206	27	)	)	PUNCT
faba-150	206	28	,	,	PUNCT
faba-150	206	29	but	but	CCONJ
faba-150	206	30	its	its	PRON
faba-150	206	31	net	net	ADJ
faba-150	206	32	asset	asset	NOUN
faba-150	206	33	value	value	NOUN
faba-150	206	34	(	(	PUNCT
faba-150	206	35	nav	nav	NOUN
faba-150	206	36	)	)	PUNCT
faba-150	206	37	method	method	NOUN
faba-150	206	38	ranks	rank	VERB
faba-150	206	39	first	first	ADV
faba-150	206	40	in	in	ADP
faba-150	206	41	the	the	DET
faba-150	206	42	combinations	combination	NOUN
faba-150	206	43	of	of	ADP
faba-150	206	44	methods	method	NOUN
faba-150	206	45	and	and	CCONJ
faba-150	206	46	models	model	NOUN
faba-150	206	47	used	use	VERB
faba-150	206	48	(	(	PUNCT
faba-150	206	49	80	80	NUM
faba-150	206	50	%	%	NOUN
faba-150	206	51	)	)	PUNCT
faba-150	206	52	(	(	PUNCT
faba-150	206	53	fig	fig	NOUN
faba-150	206	54	.	.	PUNCT
faba-150	206	55	7	7	NUM
faba-150	206	56	)	)	PUNCT
faba-150	206	57	.	.	PUNCT
faba-150	207	1	the	the	DET
faba-150	207	2	last	last	ADJ
faba-150	207	3	question	question	NOUN
faba-150	207	4	in	in	ADP
faba-150	207	5	the	the	DET
faba-150	207	6	survey	survey	NOUN
faba-150	207	7	,	,	PUNCT
faba-150	207	8	question	question	NOUN
faba-150	207	9	7	7	NUM
faba-150	207	10	,	,	PUNCT
faba-150	207	11	is	be	AUX
faba-150	207	12	a	a	DET
faba-150	207	13	bit	bit	NOUN
faba-150	207	14	off	off	ADP
faba-150	207	15	its	its	PRON
faba-150	207	16	main	main	ADJ
faba-150	207	17	thrust	thrust	NOUN
faba-150	207	18	.	.	PUNCT
faba-150	208	1	but	but	CCONJ
faba-150	208	2	it	it	PRON
faba-150	208	3	is	be	AUX
faba-150	208	4	always	always	ADV
faba-150	208	5	important	important	ADJ
faba-150	208	6	and	and	CCONJ
faba-150	208	7	relevant	relevant	ADJ
faba-150	208	8	for	for	ADP
faba-150	208	9	any	any	DET
faba-150	208	10	survey	survey	NOUN
faba-150	208	11	in	in	ADP
faba-150	208	12	the	the	DET
faba-150	208	13	field	field	NOUN
faba-150	208	14	of	of	ADP
faba-150	208	15	application	application	NOUN
faba-150	208	16	of	of	ADP
faba-150	208	17	methods	method	NOUN
faba-150	208	18	and	and	CCONJ
faba-150	208	19	models	model	NOUN
faba-150	208	20	for	for	ADP
faba-150	208	21	the	the	DET
faba-150	208	22	valuation	valuation	NOUN
faba-150	208	23	of	of	ADP
faba-150	208	24	going	go	VERB
faba-150	208	25	concern	concern	ADJ
faba-150	208	26	enterprises	enterprise	NOUN
faba-150	208	27	.	.	PUNCT
faba-150	209	1	the	the	DET
faba-150	209	2	question	question	NOUN
faba-150	209	3	normally	normally	ADV
faba-150	209	4	attracts	attract	VERB
faba-150	209	5	increased	increase	VERB
faba-150	209	6	interest	interest	NOUN
faba-150	209	7	among	among	ADP
faba-150	209	8	the	the	DET
faba-150	209	9	experts	expert	NOUN
faba-150	209	10	surveyed	survey	VERB
faba-150	209	11	.	.	PUNCT
faba-150	210	1	this	this	DET
faba-150	210	2	question	question	NOUN
faba-150	210	3	was	be	AUX
faba-150	210	4	part	part	NOUN
faba-150	210	5	of	of	ADP
faba-150	210	6	a	a	DET
faba-150	210	7	2017	2017	NUM
faba-150	210	8	survey	survey	NOUN
faba-150	210	9	in	in	ADP
faba-150	210	10	a	a	DET
faba-150	210	11	previous	previous	ADJ
faba-150	210	12	study	study	NOUN
faba-150	210	13	made	make	VERB
faba-150	210	14	by	by	ADP
faba-150	210	15	the	the	DET
faba-150	210	16	author	author	NOUN
faba-150	210	17	.	.	PUNCT
faba-150	211	1	the	the	DET
faba-150	211	2	question	question	NOUN
faba-150	211	3	is	be	AUX
faba-150	211	4	as	as	SCONJ
faba-150	211	5	follows	follow	VERB
faba-150	211	6	:	:	PUNCT
faba-150	211	7	in	in	ADP
faba-150	211	8	your	your	PRON
faba-150	211	9	opinion	opinion	NOUN
faba-150	211	10	,	,	PUNCT
faba-150	211	11	what	what	PRON
faba-150	211	12	should	should	AUX
faba-150	211	13	be	be	AUX
faba-150	211	14	the	the	DET
faba-150	211	15	discount	discount	NOUN
faba-150	211	16	rate	rate	NOUN
faba-150	211	17	for	for	ADP
faba-150	211	18	the	the	DET
faba-150	211	19	dcf	dcf	PROPN
faba-150	211	20	enterprise	enterprise	PROPN
faba-150	211	21	valuation	valuation	NOUN
faba-150	211	22	model	model	NOUN
faba-150	211	23	(	(	PUNCT
faba-150	211	24	i.e.	i.e.	X
faba-150	211	25	wacc	wacc	PROPN
faba-150	211	26	)	)	PUNCT
faba-150	211	27	when	when	SCONJ
faba-150	211	28	valuing	value	VERB
faba-150	211	29	an	an	DET
faba-150	211	30	average	average	ADJ
faba-150	211	31	enterprise	enterprise	NOUN
faba-150	211	32	in	in	ADP
faba-150	211	33	bulgaria	bulgaria	PROPN
faba-150	211	34	in	in	ADP
faba-150	211	35	2022	2022	NUM
faba-150	211	36	?	?	PUNCT
faba-150	212	1	a.	a.	NOUN
faba-150	212	2	between	between	ADP
faba-150	212	3	2.00	2.00	NUM
faba-150	212	4	%	%	NOUN
faba-150	212	5	and	and	CCONJ
faba-150	212	6	4.00	4.00	NUM
faba-150	212	7	%	%	NOUN
faba-150	212	8	b.	b.	NOUN
faba-150	212	9	between	between	ADP
faba-150	212	10	4.00	4.00	NUM
faba-150	212	11	%	%	NOUN
faba-150	212	12	and	and	CCONJ
faba-150	212	13	6.00	6.00	NUM
faba-150	212	14	%	%	NOUN
faba-150	212	15	c.	c.	NOUN
faba-150	212	16	between	between	ADP
faba-150	212	17	6.00	6.00	NUM
faba-150	212	18	%	%	NOUN
faba-150	212	19	and	and	CCONJ
faba-150	212	20	8.00	8.00	NUM
faba-150	212	21	%	%	NOUN
faba-150	212	22	d.	d.	NOUN
faba-150	212	23	between	between	ADP
faba-150	212	24	8.00	8.00	NUM
faba-150	212	25	%	%	NOUN
faba-150	212	26	and	and	CCONJ
faba-150	212	27	10.00	10.00	NUM
faba-150	212	28	%	%	NOUN
faba-150	212	29	e.	e.	PROPN
faba-150	212	30	between	between	ADP
faba-150	212	31	10.00	10.00	NUM
faba-150	212	32	%	%	NOUN
faba-150	212	33	and	and	CCONJ
faba-150	212	34	12.00	12.00	NUM
faba-150	212	35	%	%	NOUN
faba-150	212	36	f.	f.	NOUN
faba-150	212	37	between	between	ADP
faba-150	212	38	12.00	12.00	NUM
faba-150	212	39	%	%	NOUN
faba-150	212	40	and	and	CCONJ
faba-150	212	41	14.00	14.00	NUM
faba-150	212	42	%	%	NOUN
faba-150	212	43	g.	g.	NOUN
faba-150	212	44	between	between	ADP
faba-150	212	45	14.00	14.00	NUM
faba-150	212	46	%	%	NOUN
faba-150	212	47	and	and	CCONJ
faba-150	212	48	16.00	16.00	NUM
faba-150	212	49	%	%	NOUN
faba-150	212	50	h.	h.	NOUN
faba-150	212	51	between	between	ADP
faba-150	212	52	16.00	16.00	NUM
faba-150	212	53	%	%	NOUN
faba-150	212	54	and	and	CCONJ
faba-150	212	55	18.00	18.00	NUM
faba-150	212	56	%	%	NOUN
faba-150	212	57	i.	i.	NOUN
faba-150	212	58	between	between	ADP
faba-150	212	59	18.00	18.00	NUM
faba-150	212	60	%	%	NOUN
faba-150	212	61	and	and	CCONJ
faba-150	212	62	20.00	20.00	NUM
faba-150	212	63	%	%	NOUN
faba-150	212	64	j.	j.	PROPN
faba-150	212	65	between	between	ADP
faba-150	212	66	20.00	20.00	NUM
faba-150	212	67	%	%	NOUN
faba-150	212	68	and	and	CCONJ
faba-150	212	69	22.00	22.00	NUM
faba-150	212	70	%	%	NOUN
faba-150	212	71	k.	k.	NOUN
faba-150	212	72	between	between	ADP
faba-150	212	73	22.00	22.00	NUM
faba-150	212	74	%	%	NOUN
faba-150	212	75	and	and	CCONJ
faba-150	212	76	24.00	24.00	NUM
faba-150	212	77	%	%	NOUN
faba-150	212	78	l.	l.	PROPN
faba-150	212	79	other	other	ADJ
faba-150	212	80	:	:	PUNCT
faba-150	212	81	…	…	PUNCT
faba-150	212	82	…	…	PUNCT
faba-150	212	83	…	…	PUNCT
faba-150	212	84	…	…	PUNCT
faba-150	212	85	…	…	PUNCT
faba-150	212	86	…	…	PUNCT
faba-150	212	87	…	…	PUNCT
faba-150	212	88	…	…	PUNCT
faba-150	212	89	……	……	NOUN
faba-150	212	90	……	……	NOUN
faba-150	212	91	……	……	NOUN
faba-150	212	92	……	……	NOUN
faba-150	212	93	……	……	NOUN
faba-150	212	94	.	.	PUNCT
faba-150	212	95	8	8	NUM
faba-150	212	96	%	%	NOUN
faba-150	212	97	38	38	NUM
faba-150	212	98	%	%	NOUN
faba-150	212	99	6	6	NUM
faba-150	212	100	%	%	NOUN
faba-150	212	101	48	48	NUM
faba-150	212	102	%	%	NOUN
faba-150	212	103	0	0	NUM
faba-150	212	104	%	%	NOUN
faba-150	212	105	10	10	NUM
faba-150	212	106	%	%	NOUN
faba-150	212	107	20	20	NUM
faba-150	212	108	%	%	NOUN
faba-150	212	109	30	30	NUM
faba-150	212	110	%	%	NOUN
faba-150	212	111	40	40	NUM
faba-150	212	112	%	%	NOUN
faba-150	212	113	50	50	NUM
faba-150	212	114	%	%	NOUN
faba-150	212	115	60	60	NUM
faba-150	212	116	%	%	NOUN
faba-150	212	117	asset	asset	NOUN
faba-150	212	118	based	base	VERB
faba-150	212	119	approach	approach	NOUN
faba-150	212	120	income	income	NOUN
faba-150	212	121	based	base	VERB
faba-150	212	122	(	(	PUNCT
faba-150	212	123	dcf	dcf	PROPN
faba-150	212	124	)	)	PUNCT
faba-150	212	125	approach	approach	NOUN
faba-150	212	126	relative	relative	ADJ
faba-150	212	127	valuation	valuation	PROPN
faba-150	212	128	approach	approach	NOUN
faba-150	212	129	it	it	PRON
faba-150	212	130	depends	depend	VERB
faba-150	212	131	on	on	ADP
faba-150	212	132	the	the	DET
faba-150	212	133	specific	specific	ADJ
faba-150	212	134	case	case	NOUN
faba-150	212	135	question	question	NOUN
faba-150	212	136	6	6	NUM
faba-150	212	137	:	:	PUNCT
faba-150	212	138	which	which	PRON
faba-150	212	139	of	of	ADP
faba-150	212	140	the	the	DET
faba-150	212	141	three	three	NUM
faba-150	212	142	approaches	approach	NOUN
faba-150	212	143	do	do	AUX
faba-150	212	144	you	you	PRON
faba-150	212	145	think	think	VERB
faba-150	212	146	is	be	AUX
faba-150	212	147	the	the	DET
faba-150	212	148	most	most	ADV
faba-150	212	149	reliable	reliable	ADJ
faba-150	212	150	in	in	ADP
faba-150	212	151	principle	principle	NOUN
faba-150	212	152	?	?	PUNCT
faba-150	213	1	dimiter	dimiter	NOUN
faba-150	213	2	nenkov	nenkov	PROPN
faba-150	213	3	/	/	SYM
faba-150	213	4	finance	finance	NOUN
faba-150	213	5	,	,	PUNCT
faba-150	213	6	accounting	accounting	NOUN
faba-150	213	7	and	and	CCONJ
faba-150	213	8	business	business	NOUN
faba-150	213	9	analysis	analysis	NOUN
faba-150	213	10	,	,	PUNCT
faba-150	213	11	volume	volume	NOUN
faba-150	213	12	5	5	NUM
faba-150	213	13	,	,	PUNCT
faba-150	213	14	issue	issue	NOUN
faba-150	213	15	1	1	NUM
faba-150	213	16	,	,	PUNCT
faba-150	213	17	2023	2023	NUM
faba-150	213	18	12	12	NUM
faba-150	213	19	as	as	SCONJ
faba-150	213	20	can	can	AUX
faba-150	213	21	be	be	AUX
faba-150	213	22	seen	see	VERB
faba-150	213	23	,	,	PUNCT
faba-150	213	24	the	the	DET
faba-150	213	25	range	range	NOUN
faba-150	213	26	of	of	ADP
faba-150	213	27	possible	possible	ADJ
faba-150	213	28	ready	ready	ADJ
faba-150	213	29	-	-	PUNCT
faba-150	213	30	made	make	VERB
faba-150	213	31	answers	answer	NOUN
faba-150	213	32	is	be	AUX
faba-150	213	33	quite	quite	ADV
faba-150	213	34	wide	wide	ADJ
faba-150	213	35	,	,	PUNCT
faba-150	213	36	and	and	CCONJ
faba-150	213	37	it	it	PRON
faba-150	213	38	is	be	AUX
faba-150	213	39	also	also	ADV
faba-150	213	40	left	leave	VERB
faba-150	213	41	open	open	ADJ
faba-150	213	42	with	with	ADP
faba-150	213	43	answer	answer	NOUN
faba-150	213	44	l	l	NOUN
faba-150	213	45	"	"	PUNCT
faba-150	213	46	other	other	ADJ
faba-150	213	47	"	"	PUNCT
faba-150	213	48	.	.	PUNCT
faba-150	214	1	the	the	DET
faba-150	214	2	distribution	distribution	NOUN
faba-150	214	3	of	of	ADP
faba-150	214	4	responses	response	NOUN
faba-150	214	5	is	be	AUX
faba-150	214	6	shown	show	VERB
faba-150	214	7	in	in	ADP
faba-150	214	8	figure	figure	NOUN
faba-150	214	9	10	10	NUM
faba-150	214	10	.	.	PUNCT
faba-150	215	1	source	source	NOUN
faba-150	215	2	:	:	PUNCT
faba-150	215	3	survey	survey	NOUN
faba-150	215	4	and	and	CCONJ
faba-150	215	5	calculations	calculation	NOUN
faba-150	215	6	by	by	ADP
faba-150	215	7	the	the	DET
faba-150	215	8	author	author	NOUN
faba-150	215	9	figure	figure	NOUN
faba-150	215	10	10	10	NUM
faba-150	215	11	.	.	PUNCT
faba-150	216	1	answers	answer	NOUN
faba-150	216	2	to	to	PART
faba-150	216	3	question	question	VERB
faba-150	216	4	7	7	NUM
faba-150	216	5	figure	figure	NOUN
faba-150	216	6	10	10	NUM
faba-150	216	7	shows	show	VERB
faba-150	216	8	that	that	SCONJ
faba-150	216	9	the	the	DET
faba-150	216	10	largest	large	ADJ
faba-150	216	11	percentage	percentage	NOUN
faba-150	216	12	of	of	ADP
faba-150	216	13	respondents	respondent	NOUN
faba-150	216	14	28	28	NUM
faba-150	216	15	%	%	NOUN
faba-150	216	16	,	,	PUNCT
faba-150	216	17	believe	believe	VERB
faba-150	216	18	that	that	SCONJ
faba-150	216	19	the	the	DET
faba-150	216	20	correct	correct	ADJ
faba-150	216	21	cost	cost	NOUN
faba-150	216	22	of	of	ADP
faba-150	216	23	capital	capital	NOUN
faba-150	216	24	(	(	PUNCT
faba-150	216	25	wacc	wacc	PROPN
faba-150	216	26	)	)	PUNCT
faba-150	216	27	and	and	CCONJ
faba-150	216	28	discount	discount	NOUN
faba-150	216	29	rate	rate	NOUN
faba-150	216	30	for	for	ADP
faba-150	216	31	the	the	DET
faba-150	216	32	dcf	dcf	PROPN
faba-150	216	33	enterprise	enterprise	NOUN
faba-150	216	34	model	model	NOUN
faba-150	216	35	is	be	AUX
faba-150	216	36	between	between	ADP
faba-150	216	37	10.00	10.00	NUM
faba-150	216	38	%	%	NOUN
faba-150	216	39	and	and	CCONJ
faba-150	216	40	12.00	12.00	NUM
faba-150	216	41	%	%	NOUN
faba-150	216	42	.	.	PUNCT
faba-150	217	1	this	this	PRON
faba-150	217	2	is	be	AUX
faba-150	217	3	followed	follow	VERB
faba-150	217	4	by	by	ADP
faba-150	217	5	the	the	DET
faba-150	217	6	discount	discount	NOUN
faba-150	217	7	rate	rate	NOUN
faba-150	217	8	between	between	ADP
faba-150	217	9	8.00	8.00	NUM
faba-150	217	10	%	%	NOUN
faba-150	217	11	and	and	CCONJ
faba-150	217	12	10.00	10.00	NUM
faba-150	217	13	%	%	NOUN
faba-150	217	14	indicated	indicate	VERB
faba-150	217	15	by	by	ADP
faba-150	217	16	26	26	NUM
faba-150	217	17	%	%	NOUN
faba-150	217	18	of	of	ADP
faba-150	217	19	respondents	respondent	NOUN
faba-150	217	20	,	,	PUNCT
faba-150	217	21	and	and	CCONJ
faba-150	217	22	the	the	DET
faba-150	217	23	discount	discount	NOUN
faba-150	217	24	rate	rate	NOUN
faba-150	217	25	between	between	ADP
faba-150	217	26	12.00	12.00	NUM
faba-150	217	27	%	%	NOUN
faba-150	217	28	and	and	CCONJ
faba-150	217	29	14.00	14.00	NUM
faba-150	217	30	%	%	NOUN
faba-150	217	31	indicated	indicate	VERB
faba-150	217	32	by	by	ADP
faba-150	217	33	16	16	NUM
faba-150	217	34	%	%	NOUN
faba-150	217	35	of	of	ADP
faba-150	217	36	respondents	respondent	NOUN
faba-150	217	37	.	.	PUNCT
faba-150	218	1	thus	thus	ADV
faba-150	218	2	,	,	PUNCT
faba-150	218	3	a	a	DET
faba-150	218	4	total	total	NOUN
faba-150	218	5	of	of	ADP
faba-150	218	6	54	54	NUM
faba-150	218	7	%	%	NOUN
faba-150	218	8	of	of	ADP
faba-150	218	9	the	the	DET
faba-150	218	10	respondents	respondent	NOUN
faba-150	218	11	see	see	VERB
faba-150	218	12	the	the	DET
faba-150	218	13	appropriate	appropriate	ADJ
faba-150	218	14	discount	discount	NOUN
faba-150	218	15	rate	rate	NOUN
faba-150	218	16	in	in	ADP
faba-150	218	17	the	the	DET
faba-150	218	18	range	range	NOUN
faba-150	218	19	of	of	ADP
faba-150	218	20	8.00	8.00	NUM
faba-150	218	21	%	%	NOUN
faba-150	218	22	to	to	ADP
faba-150	218	23	12.00	12.00	NUM
faba-150	218	24	%	%	NOUN
faba-150	218	25	.	.	PUNCT
faba-150	219	1	a	a	DET
faba-150	219	2	total	total	NOUN
faba-150	219	3	of	of	ADP
faba-150	219	4	70	70	NUM
faba-150	219	5	%	%	NOUN
faba-150	219	6	of	of	ADP
faba-150	219	7	respondents	respondent	NOUN
faba-150	219	8	see	see	VERB
faba-150	219	9	it	it	PRON
faba-150	219	10	in	in	ADP
faba-150	219	11	the	the	DET
faba-150	219	12	range	range	NOUN
faba-150	219	13	of	of	ADP
faba-150	219	14	8.00	8.00	NUM
faba-150	219	15	%	%	NOUN
faba-150	219	16	to	to	ADP
faba-150	219	17	14.00	14.00	NUM
faba-150	219	18	%	%	NOUN
faba-150	219	19	.	.	PUNCT
faba-150	220	1	outside	outside	ADP
faba-150	220	2	of	of	ADP
faba-150	220	3	them	they	PRON
faba-150	220	4	there	there	PRON
faba-150	220	5	are	be	VERB
faba-150	220	6	some	some	DET
faba-150	220	7	12	12	NUM
faba-150	220	8	%	%	NOUN
faba-150	220	9	who	who	PRON
faba-150	220	10	see	see	VERB
faba-150	220	11	the	the	DET
faba-150	220	12	correct	correct	ADJ
faba-150	220	13	rate	rate	NOUN
faba-150	220	14	at	at	ADP
faba-150	220	15	a	a	DET
faba-150	220	16	level	level	NOUN
faba-150	220	17	between	between	ADP
faba-150	220	18	16.00	16.00	NUM
faba-150	220	19	%	%	NOUN
faba-150	220	20	and	and	CCONJ
faba-150	220	21	18.00	18.00	NUM
faba-150	220	22	%	%	NOUN
faba-150	220	23	.	.	PUNCT
faba-150	221	1	only	only	ADV
faba-150	221	2	8	8	NUM
faba-150	221	3	%	%	NOUN
faba-150	221	4	believe	believe	VERB
faba-150	221	5	the	the	DET
faba-150	221	6	discount	discount	NOUN
faba-150	221	7	rate	rate	NOUN
faba-150	221	8	should	should	AUX
faba-150	221	9	be	be	AUX
faba-150	221	10	8.00	8.00	NUM
faba-150	221	11	%	%	NOUN
faba-150	221	12	or	or	CCONJ
faba-150	221	13	below	below	ADV
faba-150	221	14	,	,	PUNCT
faba-150	221	15	and	and	CCONJ
faba-150	221	16	another	another	DET
faba-150	221	17	8	8	NUM
faba-150	221	18	%	%	NOUN
faba-150	221	19	of	of	ADP
faba-150	221	20	respondents	respondent	NOUN
faba-150	221	21	believe	believe	VERB
faba-150	221	22	it	it	PRON
faba-150	221	23	should	should	AUX
faba-150	221	24	be	be	AUX
faba-150	221	25	18.00	18.00	NUM
faba-150	221	26	%	%	NOUN
faba-150	221	27	or	or	CCONJ
faba-150	221	28	above	above	ADV
faba-150	221	29	.	.	PUNCT
faba-150	222	1	the	the	DET
faba-150	222	2	results	result	NOUN
faba-150	222	3	show	show	VERB
faba-150	222	4	that	that	SCONJ
faba-150	222	5	regarding	regard	VERB
faba-150	222	6	the	the	DET
faba-150	222	7	discount	discount	NOUN
faba-150	222	8	rate	rate	NOUN
faba-150	222	9	,	,	PUNCT
faba-150	222	10	the	the	DET
faba-150	222	11	divergence	divergence	NOUN
faba-150	222	12	of	of	ADP
faba-150	222	13	views	view	NOUN
faba-150	222	14	is	be	AUX
faba-150	222	15	large	large	ADJ
faba-150	222	16	.	.	PUNCT
faba-150	223	1	there	there	PRON
faba-150	223	2	is	be	VERB
faba-150	223	3	no	no	DET
faba-150	223	4	single	single	ADJ
faba-150	223	5	range	range	NOUN
faba-150	223	6	with	with	ADP
faba-150	223	7	more	more	ADJ
faba-150	223	8	than	than	ADP
faba-150	223	9	28	28	NUM
faba-150	223	10	%	%	NOUN
faba-150	223	11	support	support	NOUN
faba-150	223	12	.	.	PUNCT
faba-150	224	1	at	at	ADP
faba-150	224	2	first	first	ADJ
faba-150	224	3	glance	glance	NOUN
faba-150	224	4	,	,	PUNCT
faba-150	224	5	there	there	PRON
faba-150	224	6	is	be	VERB
faba-150	224	7	a	a	DET
faba-150	224	8	clustering	clustering	NOUN
faba-150	224	9	of	of	ADP
faba-150	224	10	a	a	DET
faba-150	224	11	large	large	ADJ
faba-150	224	12	percentage	percentage	NOUN
faba-150	224	13	of	of	ADP
faba-150	224	14	respondents	respondent	NOUN
faba-150	224	15	a	a	DET
faba-150	224	16	total	total	NOUN
faba-150	224	17	of	of	ADP
faba-150	224	18	70	70	NUM
faba-150	224	19	%	%	NOUN
faba-150	224	20	,	,	PUNCT
faba-150	224	21	for	for	ADP
faba-150	224	22	the	the	DET
faba-150	224	23	interval	interval	NOUN
faba-150	224	24	from	from	ADP
faba-150	224	25	8.00	8.00	NUM
faba-150	224	26	%	%	NOUN
faba-150	224	27	to	to	ADP
faba-150	224	28	14.00	14.00	NUM
faba-150	224	29	%	%	NOUN
faba-150	224	30	.	.	PUNCT
faba-150	225	1	but	but	CCONJ
faba-150	225	2	this	this	PRON
faba-150	225	3	is	be	AUX
faba-150	225	4	a	a	DET
faba-150	225	5	very	very	ADV
faba-150	225	6	wide	wide	ADJ
faba-150	225	7	range	range	NOUN
faba-150	225	8	,	,	PUNCT
faba-150	225	9	with	with	ADP
faba-150	225	10	a	a	DET
faba-150	225	11	large	large	ADJ
faba-150	225	12	scatter	scatter	NOUN
faba-150	225	13	in	in	ADP
faba-150	225	14	the	the	DET
faba-150	225	15	possible	possible	ADJ
faba-150	225	16	discount	discount	NOUN
faba-150	225	17	rate	rate	NOUN
faba-150	225	18	,	,	PUNCT
faba-150	225	19	leading	lead	VERB
faba-150	225	20	to	to	ADP
faba-150	225	21	extremely	extremely	ADV
faba-150	225	22	large	large	ADJ
faba-150	225	23	differences	difference	NOUN
faba-150	225	24	in	in	ADP
faba-150	225	25	valuations	valuation	NOUN
faba-150	225	26	when	when	SCONJ
faba-150	225	27	using	use	VERB
faba-150	225	28	the	the	DET
faba-150	225	29	dcf	dcf	PROPN
faba-150	225	30	enterprise	enterprise	NOUN
faba-150	225	31	model	model	NOUN
faba-150	225	32	.	.	PUNCT
faba-150	226	1	conclusion	conclusion	VERB
faba-150	226	2	the	the	DET
faba-150	226	3	survey	survey	NOUN
faba-150	226	4	among	among	ADP
faba-150	226	5	certified	certify	VERB
faba-150	226	6	independent	independent	ADJ
faba-150	226	7	appraisers	appraiser	NOUN
faba-150	226	8	in	in	ADP
faba-150	226	9	bulgaria	bulgaria	PROPN
faba-150	226	10	shows	show	VERB
faba-150	226	11	that	that	SCONJ
faba-150	226	12	the	the	DET
faba-150	226	13	valuation	valuation	NOUN
faba-150	226	14	methods	method	NOUN
faba-150	226	15	and	and	CCONJ
faba-150	226	16	models	model	NOUN
faba-150	226	17	more	more	ADV
faba-150	226	18	widely	widely	ADV
faba-150	226	19	used	use	VERB
faba-150	226	20	are	be	AUX
faba-150	226	21	about	about	ADV
faba-150	226	22	the	the	DET
faba-150	226	23	same	same	ADJ
faba-150	226	24	as	as	ADP
faba-150	226	25	in	in	ADP
faba-150	226	26	europe	europe	PROPN
faba-150	226	27	and	and	CCONJ
faba-150	226	28	the	the	DET
faba-150	226	29	world	world	NOUN
faba-150	226	30	.	.	PUNCT
faba-150	227	1	for	for	ADP
faba-150	227	2	example	example	NOUN
faba-150	227	3	,	,	PUNCT
faba-150	227	4	the	the	DET
faba-150	227	5	dcf	dcf	PROPN
faba-150	227	6	models	model	NOUN
faba-150	227	7	,	,	PUNCT
faba-150	227	8	mainly	mainly	ADV
faba-150	227	9	the	the	DET
faba-150	227	10	dcf	dcf	PROPN
faba-150	227	11	enterprise	enterprise	NOUN
faba-150	227	12	model	model	NOUN
faba-150	227	13	,	,	PUNCT
faba-150	227	14	are	be	AUX
faba-150	227	15	the	the	DET
faba-150	227	16	most	most	ADV
faba-150	227	17	preferred	preferred	ADJ
faba-150	227	18	.	.	PUNCT
faba-150	228	1	however	however	ADV
faba-150	228	2	,	,	PUNCT
faba-150	228	3	there	there	PRON
faba-150	228	4	are	be	VERB
faba-150	228	5	some	some	DET
faba-150	228	6	serious	serious	ADJ
faba-150	228	7	differences	difference	NOUN
faba-150	228	8	.	.	PUNCT
faba-150	229	1	one	one	NUM
faba-150	229	2	of	of	ADP
faba-150	229	3	them	they	PRON
faba-150	229	4	is	be	AUX
faba-150	229	5	the	the	DET
faba-150	229	6	vely	vely	ADV
faba-150	229	7	low	low	ADJ
faba-150	229	8	confidence	confidence	NOUN
faba-150	229	9	in	in	ADP
faba-150	229	10	the	the	DET
faba-150	229	11	relative	relative	ADJ
faba-150	229	12	valuation	valuation	NOUN
faba-150	229	13	method	method	NOUN
faba-150	229	14	/	/	SYM
faba-150	229	15	approach	approach	NOUN
faba-150	229	16	.	.	PUNCT
faba-150	230	1	another	another	DET
faba-150	230	2	difference	difference	NOUN
faba-150	230	3	is	be	AUX
faba-150	230	4	the	the	DET
faba-150	230	5	extremely	extremely	ADV
faba-150	230	6	high	high	ADJ
faba-150	230	7	presence	presence	NOUN
faba-150	230	8	of	of	ADP
faba-150	230	9	the	the	DET
faba-150	230	10	net	net	ADJ
faba-150	230	11	asset	asset	NOUN
faba-150	230	12	value	value	NOUN
faba-150	230	13	method	method	NOUN
faba-150	230	14	(	(	PUNCT
faba-150	230	15	80	80	NUM
faba-150	230	16	%	%	NOUN
faba-150	230	17	of	of	ADP
faba-150	230	18	respondents	respondent	NOUN
faba-150	230	19	)	)	PUNCT
faba-150	230	20	in	in	ADP
faba-150	230	21	the	the	DET
faba-150	230	22	combinations	combination	NOUN
faba-150	230	23	of	of	ADP
faba-150	230	24	valuation	valuation	NOUN
faba-150	230	25	methods	method	NOUN
faba-150	230	26	applied	apply	VERB
faba-150	230	27	.	.	PUNCT
faba-150	231	1	this	this	PRON
faba-150	231	2	is	be	AUX
faba-150	231	3	very	very	ADV
faba-150	231	4	surprising	surprising	ADJ
faba-150	231	5	,	,	PUNCT
faba-150	231	6	because	because	SCONJ
faba-150	231	7	the	the	DET
faba-150	231	8	indicated	indicate	VERB
faba-150	231	9	confidence	confidence	NOUN
faba-150	231	10	in	in	ADP
faba-150	231	11	this	this	DET
faba-150	231	12	method	method	NOUN
faba-150	231	13	is	be	AUX
faba-150	231	14	very	very	ADV
faba-150	231	15	low	low	ADJ
faba-150	231	16	,	,	PUNCT
faba-150	231	17	as	as	ADV
faba-150	231	18	well	well	ADV
faba-150	231	19	as	as	SCONJ
faba-150	231	20	it	it	PRON
faba-150	231	21	is	be	AUX
faba-150	231	22	for	for	ADP
faba-150	231	23	the	the	DET
faba-150	231	24	asset	asset	NOUN
faba-150	231	25	-	-	PUNCT
faba-150	231	26	based	base	VERB
faba-150	231	27	approach	approach	NOUN
faba-150	231	28	as	as	ADP
faba-150	231	29	a	a	DET
faba-150	231	30	whole	whole	NOUN
faba-150	231	31	.	.	PUNCT
faba-150	232	1	references	reference	NOUN
faba-150	232	2	bancel	bancel	PROPN
faba-150	232	3	,	,	PUNCT
faba-150	232	4	f.	f.	PROPN
faba-150	232	5	,	,	PUNCT
faba-150	232	6	and	and	CCONJ
faba-150	232	7	u.	u.	PROPN
faba-150	232	8	mittoo	mittoo	PROPN
faba-150	232	9	.	.	PUNCT
faba-150	233	1	2014	2014	NUM
faba-150	233	2	.	.	PUNCT
faba-150	234	1	the	the	DET
faba-150	234	2	gap	gap	NOUN
faba-150	234	3	between	between	ADP
faba-150	234	4	the	the	DET
faba-150	234	5	theory	theory	NOUN
faba-150	234	6	and	and	CCONJ
faba-150	234	7	practice	practice	NOUN
faba-150	234	8	of	of	ADP
faba-150	234	9	corporate	corporate	ADJ
faba-150	234	10	valuation	valuation	NOUN
faba-150	234	11	:	:	PUNCT
faba-150	234	12	survey	survey	NOUN
faba-150	234	13	of	of	ADP
faba-150	234	14	european	european	ADJ
faba-150	234	15	experts	expert	NOUN
faba-150	234	16	.	.	PUNCT
faba-150	235	1	journal	journal	PROPN
faba-150	235	2	of	of	ADP
faba-150	235	3	applied	apply	VERB
faba-150	235	4	corporate	corporate	ADJ
faba-150	235	5	finance	finance	NOUN
faba-150	235	6	,	,	PUNCT
faba-150	235	7	columbia	columbia	PROPN
faba-150	235	8	business	business	PROPN
faba-150	235	9	school	school	PROPN
faba-150	235	10	,	,	PUNCT
faba-150	235	11	26(4	26(4	NUM
faba-150	235	12	)	)	PUNCT
faba-150	235	13	,	,	PUNCT
faba-150	235	14	pp	pp	ADP
faba-150	235	15	.	.	PUNCT
faba-150	236	1	106117	106117	NUM
faba-150	236	2	.	.	PUNCT
faba-150	237	1	copeland	copeland	PROPN
faba-150	237	2	,	,	PUNCT
faba-150	237	3	t.	t.	PROPN
faba-150	237	4	,	,	PUNCT
faba-150	237	5	and	and	CCONJ
faba-150	237	6	v.	v.	ADP
faba-150	237	7	antikarov	antikarov	PROPN
faba-150	237	8	.	.	PUNCT
faba-150	237	9	2008	2008	NUM
faba-150	237	10	.	.	PUNCT
faba-150	238	1	real	real	ADJ
faba-150	238	2	options	option	NOUN
faba-150	238	3	–	–	PUNCT
faba-150	238	4	a	a	DET
faba-150	238	5	practitioner	practitioner	NOUN
faba-150	238	6	's	's	PART
faba-150	238	7	guide	guide	NOUN
faba-150	238	8	.	.	PUNCT
faba-150	239	1	texere	texere	PROPN
faba-150	239	2	,	,	PUNCT
faba-150	239	3	new	new	PROPN
faba-150	239	4	york	york	PROPN
faba-150	239	5	.	.	PUNCT
faba-150	240	1	2	2	NUM
faba-150	240	2	%	%	NOUN
faba-150	240	3	2	2	NUM
faba-150	240	4	%	%	NOUN
faba-150	240	5	4	4	NUM
faba-150	240	6	%	%	NOUN
faba-150	240	7	26	26	NUM
faba-150	240	8	%	%	NOUN
faba-150	240	9	28	28	NUM
faba-150	240	10	%	%	NOUN
faba-150	240	11	16	16	NUM
faba-150	240	12	%	%	NOUN
faba-150	240	13	2	2	NUM
faba-150	240	14	%	%	NOUN
faba-150	240	15	12	12	NUM
faba-150	240	16	%	%	NOUN
faba-150	240	17	4	4	NUM
faba-150	240	18	%	%	NOUN
faba-150	240	19	0	0	NUM
faba-150	240	20	%	%	NOUN
faba-150	240	21	0	0	NUM
faba-150	240	22	%	%	NOUN
faba-150	240	23	4	4	NUM
faba-150	240	24	%	%	NOUN
faba-150	240	25	0	0	NUM
faba-150	240	26	%	%	NOUN
faba-150	240	27	5	5	NUM
faba-150	240	28	%	%	NOUN
faba-150	240	29	10	10	NUM
faba-150	240	30	%	%	NOUN
faba-150	240	31	15	15	NUM
faba-150	240	32	%	%	NOUN
faba-150	240	33	20	20	NUM
faba-150	240	34	%	%	NOUN
faba-150	240	35	25	25	NUM
faba-150	240	36	%	%	NOUN
faba-150	240	37	30	30	NUM
faba-150	240	38	%	%	NOUN
faba-150	240	39	between	between	ADP
faba-150	240	40	2.00	2.00	NUM
faba-150	240	41	%	%	NOUN
faba-150	240	42	and	and	CCONJ
faba-150	240	43	4.00	4.00	NUM
faba-150	240	44	%	%	NOUN
faba-150	240	45	between	between	ADP
faba-150	240	46	4.00	4.00	NUM
faba-150	240	47	%	%	NOUN
faba-150	240	48	and	and	CCONJ
faba-150	240	49	6.00	6.00	NUM
faba-150	240	50	%	%	NOUN
faba-150	240	51	between	between	ADP
faba-150	240	52	6.00	6.00	NUM
faba-150	240	53	%	%	NOUN
faba-150	240	54	and	and	CCONJ
faba-150	240	55	8.00	8.00	NUM
faba-150	240	56	%	%	NOUN
faba-150	240	57	between	between	ADP
faba-150	240	58	8.00	8.00	NUM
faba-150	240	59	%	%	NOUN
faba-150	240	60	and	and	CCONJ
faba-150	240	61	10.00	10.00	NUM
faba-150	240	62	%	%	NOUN
faba-150	240	63	between	between	ADP
faba-150	240	64	10.00	10.00	NUM
faba-150	240	65	%	%	NOUN
faba-150	240	66	and	and	CCONJ
faba-150	240	67	12.00	12.00	NUM
faba-150	240	68	%	%	NOUN
faba-150	240	69	between	between	ADP
faba-150	240	70	12.00	12.00	NUM
faba-150	240	71	%	%	NOUN
faba-150	240	72	and	and	CCONJ
faba-150	240	73	14.00	14.00	NUM
faba-150	240	74	%	%	NOUN
faba-150	240	75	between	between	ADP
faba-150	240	76	14.00	14.00	NUM
faba-150	240	77	%	%	NOUN
faba-150	240	78	and	and	CCONJ
faba-150	240	79	16.00	16.00	NUM
faba-150	240	80	%	%	NOUN
faba-150	240	81	between	between	ADP
faba-150	240	82	16.00	16.00	NUM
faba-150	240	83	%	%	NOUN
faba-150	240	84	and	and	CCONJ
faba-150	240	85	18.00	18.00	NUM
faba-150	240	86	%	%	NOUN
faba-150	240	87	between	between	ADP
faba-150	240	88	18.00	18.00	NUM
faba-150	240	89	%	%	NOUN
faba-150	240	90	and	and	CCONJ
faba-150	240	91	20.00	20.00	NUM
faba-150	240	92	%	%	NOUN
faba-150	240	93	between	between	ADP
faba-150	240	94	20.00	20.00	NUM
faba-150	240	95	%	%	NOUN
faba-150	240	96	and	and	CCONJ
faba-150	240	97	22.00	22.00	NUM
faba-150	240	98	%	%	NOUN
faba-150	240	99	between	between	ADP
faba-150	240	100	22.00	22.00	NUM
faba-150	240	101	%	%	NOUN
faba-150	240	102	and	and	CCONJ
faba-150	240	103	24.00	24.00	NUM
faba-150	240	104	%	%	NOUN
faba-150	240	105	other	other	ADJ
faba-150	240	106	question	question	NOUN
faba-150	240	107	7	7	NUM
faba-150	240	108	:	:	PUNCT
faba-150	240	109	in	in	ADP
faba-150	240	110	your	your	PRON
faba-150	240	111	opinion	opinion	NOUN
faba-150	240	112	,	,	PUNCT
faba-150	240	113	what	what	PRON
faba-150	240	114	wacc	wacc	PROPN
faba-150	240	115	should	should	AUX
faba-150	240	116	be	be	AUX
faba-150	240	117	used	use	VERB
faba-150	240	118	when	when	SCONJ
faba-150	240	119	valuing	value	VERB
faba-150	240	120	an	an	DET
faba-150	240	121	average	average	ADJ
faba-150	240	122	enterprise	enterprise	NOUN
faba-150	240	123	in	in	ADP
faba-150	240	124	bulgaria	bulgaria	PROPN
faba-150	240	125	in	in	ADP
faba-150	240	126	2022	2022	NUM
faba-150	240	127	?	?	PUNCT
faba-150	241	1	dimiter	dimiter	NOUN
faba-150	241	2	nenkov	nenkov	PROPN
faba-150	241	3	/	/	SYM
faba-150	241	4	finance	finance	NOUN
faba-150	241	5	,	,	PUNCT
faba-150	241	6	accounting	accounting	NOUN
faba-150	241	7	and	and	CCONJ
faba-150	241	8	business	business	NOUN
faba-150	241	9	analysis	analysis	NOUN
faba-150	241	10	,	,	PUNCT
faba-150	241	11	volume	volume	NOUN
faba-150	241	12	5	5	NUM
faba-150	241	13	,	,	PUNCT
faba-150	241	14	issue	issue	NOUN
faba-150	241	15	1	1	NUM
faba-150	241	16	,	,	PUNCT
faba-150	241	17	2023	2023	NUM
faba-150	241	18	13	13	NUM
faba-150	241	19	copeland	copeland	PROPN
faba-150	241	20	,	,	PUNCT
faba-150	241	21	t.	t.	PROPN
faba-150	241	22	,	,	PUNCT
faba-150	241	23	t.	t.	PROPN
faba-150	241	24	koller	koller	PROPN
faba-150	241	25	,	,	PUNCT
faba-150	241	26	and	and	CCONJ
faba-150	241	27	j.	j.	PROPN
faba-150	241	28	murrin	murrin	PROPN
faba-150	241	29	.	.	PUNCT
faba-150	242	1	2000	2000	NUM
faba-150	242	2	.	.	PUNCT
faba-150	243	1	valuation	valuation	NOUN
faba-150	243	2	–	–	PUNCT
faba-150	243	3	measuring	measure	VERB
faba-150	243	4	and	and	CCONJ
faba-150	243	5	managing	manage	VERB
faba-150	243	6	the	the	DET
faba-150	243	7	value	value	NOUN
faba-150	243	8	of	of	ADP
faba-150	243	9	companies	company	NOUN
faba-150	243	10	.	.	PUNCT
faba-150	244	1	john	john	PROPN
faba-150	244	2	wiley	wiley	PROPN
faba-150	244	3	&	&	CCONJ
faba-150	244	4	sons	son	NOUN
faba-150	244	5	,	,	PUNCT
faba-150	244	6	new	new	PROPN
faba-150	244	7	york	york	PROPN
faba-150	244	8	.	.	PUNCT
faba-150	245	1	cs	cs	PROPN
faba-150	245	2	first	first	PROPN
faba-150	245	3	boston	boston	PROPN
faba-150	245	4	.	.	PUNCT
faba-150	245	5	1996	1996	NUM
faba-150	245	6	.	.	PUNCT
faba-150	246	1	eva	eva	NOUN
faba-150	246	2	primer	primer	PROPN
faba-150	246	3	.	.	PROPN
faba-150	247	1	february	february	PROPN
faba-150	247	2	20	20	NUM
faba-150	247	3	,	,	PUNCT
faba-150	247	4	1996	1996	NUM
faba-150	247	5	.	.	PUNCT
faba-150	248	1	damodaran	damodaran	PROPN
faba-150	248	2	,	,	PUNCT
faba-150	248	3	a.	a.	PROPN
faba-150	248	4	,	,	PUNCT
faba-150	248	5	damodaran	damodaran	VERB
faba-150	248	6	on	on	ADP
faba-150	248	7	valuation	valuation	NOUN
faba-150	248	8	,	,	PUNCT
faba-150	248	9	https://pages.stern.nyu.edu/~adamodar/new_home_page/dam2ed.htm	https://pages.stern.nyu.edu/~adamodar/new_home_page/dam2ed.htm	NUM
faba-150	248	10	damodaran	damodaran	NOUN
faba-150	248	11	,	,	PUNCT
faba-150	248	12	a.	a.	NOUN
faba-150	248	13	2002	2002	NUM
faba-150	248	14	.	.	PUNCT
faba-150	249	1	investment	investment	NOUN
faba-150	249	2	valuation	valuation	NOUN
faba-150	249	3	tools	tool	NOUN
faba-150	249	4	and	and	CCONJ
faba-150	249	5	techniques	technique	NOUN
faba-150	249	6	for	for	ADP
faba-150	249	7	determining	determine	VERB
faba-150	249	8	the	the	DET
faba-150	249	9	value	value	NOUN
faba-150	249	10	of	of	ADP
faba-150	249	11	any	any	DET
faba-150	249	12	asset	asset	NOUN
faba-150	249	13	,	,	PUNCT
faba-150	249	14	john	john	PROPN
faba-150	249	15	wiley	wiley	PROPN
faba-150	249	16	&	&	CCONJ
faba-150	249	17	sons	son	NOUN
faba-150	249	18	,	,	PUNCT
faba-150	249	19	new	new	PROPN
faba-150	249	20	york	york	PROPN
faba-150	249	21	.	.	PROPN
faba-150	250	1	damodaran	damodaran	PROPN
faba-150	250	2	,	,	PUNCT
faba-150	250	3	a.	a.	NOUN
faba-150	250	4	2012	2012	NUM
faba-150	250	5	.	.	PUNCT
faba-150	251	1	investment	investment	NOUN
faba-150	251	2	valuation	valuation	NOUN
faba-150	251	3	–	–	PUNCT
faba-150	251	4	tools	tool	NOUN
faba-150	251	5	and	and	CCONJ
faba-150	251	6	techniques	technique	NOUN
faba-150	251	7	for	for	ADP
faba-150	251	8	determining	determine	VERB
faba-150	251	9	the	the	DET
faba-150	251	10	value	value	NOUN
faba-150	251	11	of	of	ADP
faba-150	251	12	any	any	DET
faba-150	251	13	asset	asset	NOUN
faba-150	251	14	,	,	PUNCT
faba-150	251	15	john	john	PROPN
faba-150	251	16	wiley	wiley	PROPN
faba-150	251	17	&	&	CCONJ
faba-150	251	18	sons	son	NOUN
faba-150	251	19	,	,	PUNCT
faba-150	251	20	new	new	PROPN
faba-150	251	21	york	york	PROPN
faba-150	251	22	.	.	PUNCT
faba-150	252	1	fernandez	fernandez	PROPN
faba-150	252	2	,	,	PUNCT
faba-150	252	3	p.	p.	NOUN
faba-150	252	4	2017	2017	NUM
faba-150	252	5	.	.	PUNCT
faba-150	253	1	company	company	NOUN
faba-150	253	2	valuation	valuation	NOUN
faba-150	253	3	methods	method	NOUN
faba-150	253	4	graham	graham	PROPN
faba-150	253	5	,	,	PUNCT
faba-150	253	6	b.	b.	PROPN
faba-150	253	7	2006	2006	NUM
faba-150	253	8	.	.	PUNCT
faba-150	254	1	the	the	DET
faba-150	254	2	intelligent	intelligent	ADJ
faba-150	254	3	investor	investor	NOUN
faba-150	254	4	–	–	PUNCT
faba-150	254	5	revised	revise	VERB
faba-150	254	6	edition	edition	NOUN
faba-150	254	7	,	,	PUNCT
faba-150	254	8	first	first	PROPN
faba-150	254	9	collins	collins	PROPN
faba-150	254	10	business	business	NOUN
faba-150	254	11	essentials	essential	NOUN
faba-150	254	12	edition	edition	NOUN
faba-150	254	13	(	(	PUNCT
faba-150	254	14	harpercollins	harpercollin	NOUN
faba-150	254	15	publishers	publisher	NOUN
faba-150	254	16	)	)	PUNCT
faba-150	254	17	,	,	PUNCT
faba-150	254	18	(	(	PUNCT
faba-150	254	19	preface	preface	NOUN
faba-150	254	20	to	to	ADP
faba-150	254	21	the	the	DET
faba-150	254	22	fourth	fourth	PROPN
faba-150	254	23	edition	edition	NOUN
faba-150	254	24	by	by	ADP
faba-150	254	25	warren	warren	PROPN
faba-150	254	26	e.	e.	PROPN
faba-150	254	27	buffett	buffett	PROPN
faba-150	254	28	,	,	PUNCT
faba-150	254	29	updated	update	VERB
faba-150	254	30	with	with	ADP
faba-150	254	31	new	new	ADJ
faba-150	254	32	commentary	commentary	NOUN
faba-150	254	33	by	by	ADP
faba-150	254	34	jason	jason	PROPN
faba-150	254	35	zweig	zweig	PROPN
faba-150	254	36	)	)	PUNCT
faba-150	254	37	hitchner	hitchner	ADV
faba-150	254	38	,	,	PUNCT
faba-150	254	39	j.	j.	PROPN
faba-150	254	40	2017	2017	NUM
faba-150	254	41	.	.	PUNCT
faba-150	255	1	financial	financial	ADJ
faba-150	255	2	valuation	valuation	NOUN
faba-150	255	3	–	–	PUNCT
faba-150	255	4	applications	application	NOUN
faba-150	255	5	and	and	CCONJ
faba-150	255	6	models	model	NOUN
faba-150	255	7	.	.	PUNCT
faba-150	256	1	john	john	PROPN
faba-150	256	2	wiley	wiley	PROPN
faba-150	256	3	&	&	CCONJ
faba-150	256	4	sons	sons	PROPN
faba-150	256	5	,	,	PUNCT
faba-150	256	6	inc	inc	PROPN
faba-150	256	7	.	.	PROPN
faba-150	256	8	,	,	PUNCT
faba-150	256	9	4th	4th	ADJ
faba-150	256	10	ed	ed	NOUN
faba-150	256	11	.	.	PUNCT
faba-150	257	1	international	international	ADJ
faba-150	257	2	appraisal	appraisal	NOUN
faba-150	257	3	standards	standard	NOUN
faba-150	257	4	board	board	NOUN
faba-150	257	5	,	,	PUNCT
faba-150	257	6	"	"	PUNCT
faba-150	257	7	international	international	ADJ
faba-150	257	8	appraisal	appraisal	NOUN
faba-150	257	9	standards	standard	NOUN
faba-150	257	10	"	"	PUNCT
faba-150	257	11	,	,	PUNCT
faba-150	257	12	effective	effective	ADJ
faba-150	257	13	january	january	PROPN
faba-150	257	14	31	31	NUM
faba-150	257	15	,	,	PUNCT
faba-150	257	16	2020	2020	NUM
faba-150	257	17	(	(	PUNCT
faba-150	257	18	translation	translation	NOUN
faba-150	257	19	by	by	ADP
faba-150	257	20	the	the	DET
faba-150	257	21	chamber	chamber	PROPN
faba-150	257	22	of	of	ADP
faba-150	257	23	professional	professional	ADJ
faba-150	257	24	appraisers	appraiser	NOUN
faba-150	257	25	(	(	PUNCT
faba-150	257	26	apap	apap	NOUN
faba-150	257	27	)	)	PUNCT
faba-150	257	28	,	,	PUNCT
faba-150	257	29	in	in	ADP
faba-150	257	30	agreement	agreement	NOUN
faba-150	257	31	with	with	ADP
faba-150	257	32	the	the	DET
faba-150	257	33	smso	smso	ADJ
faba-150	257	34	)	)	PUNCT
faba-150	257	35	international	international	ADJ
faba-150	257	36	valuation	valuation	NOUN
faba-150	257	37	standards	standards	PROPN
faba-150	257	38	committee	committee	PROPN
faba-150	257	39	international	international	ADJ
faba-150	257	40	valuation	valuation	NOUN
faba-150	257	41	standards	standard	NOUN
faba-150	257	42	2001	2001	NUM
faba-150	257	43	,	,	PUNCT
faba-150	257	44	london	london	PROPN
faba-150	257	45	2001	2001	NUM
faba-150	257	46	,	,	PUNCT
faba-150	257	47	(	(	PUNCT
faba-150	257	48	standard	standard	ADJ
faba-150	257	49	1	1	NUM
faba-150	257	50	)	)	PUNCT
faba-150	257	51	international	international	ADJ
faba-150	257	52	valuation	valuation	NOUN
faba-150	257	53	standards	standards	PROPN
faba-150	257	54	council	council	PROPN
faba-150	257	55	.	.	PUNCT
faba-150	258	1	2011	2011	NUM
faba-150	258	2	.	.	PUNCT
faba-150	259	1	international	international	ADJ
faba-150	259	2	valuation	valuation	NOUN
faba-150	259	3	standards	standard	NOUN
faba-150	259	4	.	.	PUNCT
faba-150	260	1	london	london	PROPN
faba-150	260	2	kassarova	kassarova	PROPN
faba-150	260	3	,	,	PUNCT
faba-150	260	4	v.	v.	PROPN
faba-150	260	5	2008	2008	NUM
faba-150	260	6	.	.	PUNCT
faba-150	261	1	biznes	bizne	NOUN
faba-150	261	2	ocenyavane	ocenyavane	PROPN
faba-150	261	3	(	(	PUNCT
faba-150	261	4	manuscript	manuscript	NOUN
faba-150	261	5	deposited	deposit	VERB
faba-150	261	6	in	in	ADP
faba-150	261	7	tsntb	tsntb	ADJ
faba-150	261	8	no	no	NOUN
faba-150	261	9	.	.	PROPN
faba-150	261	10	168	168	NUM
faba-150	261	11	/	/	SYM
faba-150	261	12	2008	2008	NUM
faba-150	261	13	)	)	PUNCT
faba-150	261	14	morris	morris	PROPN
faba-150	261	15	,	,	PUNCT
faba-150	261	16	c.	c.	PROPN
faba-150	261	17	2009	2009	NUM
faba-150	261	18	.	.	PUNCT
faba-150	262	1	the	the	DET
faba-150	262	2	sages	sage	NOUN
faba-150	262	3	–	–	PUNCT
faba-150	262	4	warren	warren	PROPN
faba-150	262	5	buffett	buffett	PROPN
faba-150	262	6	,	,	PUNCT
faba-150	262	7	george	george	PROPN
faba-150	262	8	soros	soros	PROPN
faba-150	262	9	and	and	CCONJ
faba-150	262	10	paul	paul	PROPN
faba-150	262	11	volcker	volcker	PROPN
faba-150	262	12	.	.	PUNCT
faba-150	263	1	ciela	ciela	PROPN
faba-150	263	2	,	,	PUNCT
faba-150	263	3	2009	2009	NUM
faba-150	263	4	nenkov	nenkov	NOUN
faba-150	263	5	,	,	PUNCT
faba-150	263	6	d.	d.	PROPN
faba-150	263	7	2021	2021	NUM
faba-150	263	8	.	.	PUNCT
faba-150	264	1	us	us	PROPN
faba-150	264	2	stock	stock	NOUN
faba-150	264	3	market	market	NOUN
faba-150	264	4	at	at	ADP
faba-150	264	5	the	the	DET
faba-150	264	6	background	background	NOUN
faba-150	264	7	of	of	ADP
faba-150	264	8	the	the	DET
faba-150	264	9	covid-19	covid-19	PROPN
faba-150	264	10	pandemic	pandemic	NOUN
faba-150	264	11	:	:	PUNCT
faba-150	264	12	implication	implication	NOUN
faba-150	264	13	for	for	ADP
faba-150	264	14	valuation	valuation	NOUN
faba-150	264	15	,	,	PUNCT
faba-150	264	16	finance	finance	NOUN
faba-150	264	17	,	,	PUNCT
faba-150	264	18	accounting	accounting	NOUN
faba-150	264	19	,	,	PUNCT
faba-150	264	20	and	and	CCONJ
faba-150	264	21	business	business	NOUN
faba-150	264	22	analysis	analysis	NOUN
faba-150	264	23	,	,	PUNCT
faba-150	264	24	3(1	3(1	NUM
faba-150	264	25	)	)	PUNCT
faba-150	264	26	,	,	PUNCT
faba-150	265	1	pp	pp	ADP
faba-150	265	2	.	.	PUNCT
faba-150	266	1	22	22	NUM
faba-150	266	2	-	-	SYM
faba-150	266	3	32	32	NUM
faba-150	266	4	pinto	pinto	NOUN
faba-150	266	5	,	,	PUNCT
faba-150	266	6	j.	j.	PROPN
faba-150	266	7	,	,	PUNCT
faba-150	266	8	t.	t.	PROPN
faba-150	266	9	robinson	robinson	PROPN
faba-150	266	10	,	,	PUNCT
faba-150	266	11	and	and	CCONJ
faba-150	266	12	j.	j.	PROPN
faba-150	266	13	stowe	stowe	PROPN
faba-150	266	14	.	.	PROPN
faba-150	266	15	2019	2019	NUM
faba-150	266	16	.	.	PUNCT
faba-150	267	1	equity	equity	NOUN
faba-150	267	2	valuation	valuation	PROPN
faba-150	267	3	:	:	PUNCT
faba-150	267	4	a	a	DET
faba-150	267	5	survey	survey	NOUN
faba-150	267	6	of	of	ADP
faba-150	267	7	professional	professional	ADJ
faba-150	267	8	practice	practice	NOUN
faba-150	267	9	,	,	PUNCT
faba-150	267	10	review	review	NOUN
faba-150	267	11	of	of	ADP
faba-150	267	12	financial	financial	ADJ
faba-150	267	13	economics	economic	NOUN
faba-150	267	14	,	,	PUNCT
faba-150	267	15	37(2	37(2	NOUN
faba-150	267	16	)	)	PUNCT
faba-150	267	17	,	,	PUNCT
faba-150	267	18	pp	pp	ADP
faba-150	267	19	.	.	PUNCT
faba-150	268	1	219	219	NUM
faba-150	268	2	-	-	SYM
faba-150	268	3	233	233	NUM
faba-150	268	4	(	(	PUNCT
faba-150	268	5	first	first	ADV
faba-150	268	6	published	publish	VERB
faba-150	268	7	19	19	NUM
faba-150	268	8	oct	oct	NOUN
faba-150	268	9	,	,	PUNCT
faba-150	268	10	2018	2018	NUM
faba-150	268	11	)	)	PUNCT
faba-150	268	12	,	,	PUNCT
faba-150	268	13	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/freecash-flow-valuation	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/freecash-flow-valuation	PROPN
faba-150	268	14	reilly	reilly	PROPN
faba-150	268	15	,	,	PUNCT
faba-150	268	16	f.	f.	PROPN
faba-150	268	17	k.	k.	PROPN
faba-150	268	18	,	,	PUNCT
faba-150	268	19	and	and	CCONJ
faba-150	268	20	k.	k.	PROPN
faba-150	268	21	c.	c.	PROPN
faba-150	268	22	brown	brown	PROPN
faba-150	268	23	.	.	PUNCT
faba-150	268	24	2003	2003	NUM
faba-150	268	25	.	.	PUNCT
faba-150	269	1	investment	investment	NOUN
faba-150	269	2	analysis	analysis	NOUN
faba-150	269	3	–	–	PUNCT
faba-150	269	4	portfolio	portfolio	NOUN
faba-150	269	5	management	management	NOUN
faba-150	269	6	.	.	PUNCT
faba-150	270	1	thomson	thomson	PROPN
faba-150	270	2	learning	learning	PROPN
faba-150	270	3	,	,	PUNCT
faba-150	270	4	usa	usa	PROPN
faba-150	270	5	,	,	PUNCT
faba-150	270	6	2003	2003	NUM
faba-150	270	7	zukin	zukin	NUM
faba-150	270	8	,	,	PUNCT
faba-150	270	9	j.	j.	PROPN
faba-150	270	10	h.	h.	PROPN
faba-150	270	11	1990	1990	NUM
faba-150	270	12	.	.	PUNCT
faba-150	271	1	financial	financial	ADJ
faba-150	271	2	valuation	valuation	NOUN
faba-150	271	3	:	:	PUNCT
faba-150	271	4	businesses	business	NOUN
faba-150	271	5	and	and	CCONJ
faba-150	271	6	business	business	NOUN
faba-150	271	7	interests	interest	NOUN
faba-150	271	8	.	.	PUNCT
faba-150	272	1	warren	warren	PROPN
faba-150	272	2	gorham	gorham	PROPN
faba-150	272	3	lamont	lamont	PROPN
faba-150	272	4	https://pages.stern.nyu.edu/~adamodar/new_home_page/dam2ed.htm	https://pages.stern.nyu.edu/~adamodar/new_home_page/dam2ed.htm	PROPN
faba-150	272	5	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/free-cash-flow-valuation	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/free-cash-flow-valuation	NOUN
faba-150	272	6	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/free-cash-flow-valuation	https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/free-cash-flow-valuation	NOUN