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... Calculation Case You are hired as an assistant to a portfolio manager of Denver Investment Group, a mutual fund management firm. Your boss manages the fund whose investment objective is value investing. The top holdings of the fund are mainly large-cap stocks. With the recent turmoil in the financial markets, your boss noticed some firms, even large-cap stocks, are potentially undervalued. Recently, a conference was called by XYZ, Inc. where XYZ’s management disclosed the latest fiscal-year end results to the financial analysts. XYZ Inc. is one of the leaders in the apparel/shoes industry with about 80% of its revenue is generated from apparel, while the rest is coming from the shoe sector. At the...