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Revenues
Revenues are the gross income received before any deductions for discounts, expenses, returns, and so on. It is also called sales in most organization. A much less common usage refers to interest income, refunds, royalties, dividends, and claim settlements as revenue. Commonly, however, each kind of income carries its own designation like fees, sales, income, claims, and soon.
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Explain the difference between the discounted free cash flow model as it is applied to the valuation of common equity and as it is applied to the valuation of complete businesses.
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