Assignment:
Q1. Why should a scenario approach to valuation be used to value cyclical companies?
Q2. What are the potential reasons cyclical companies invest cyclically rather than countercyclically? When should companies invest?
Q3. What are the four steps in a scenario analysis approach for valuing cyclical companies?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.