An investment is worth the present value of its future cash flows. Since a company is a

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An investment is worth the present value of its future cash flows. Since a company is a series of investments, it is worth the total present value of all cash flows generated by the firm

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Nov 25, 2018 11:28 PM

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An investment is worth the present value of its future cash flows. Since a company is a

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Fundamentals of Corporate Finance

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