Question: Answer True or False:If a statement is not strictly true, then it is False.___ ___The yield to maturity on a bond is different than the

Answer True or False:If a statement is not strictly true, then it is False.___ ___The yield to maturity on a bond is different than the IRR for zero coupon bonds.____ ____Payback is generally a better capital budgeting tool than IRR.____ ____The depreciation tax shield is a cash flow.____ ____If people feel more patient, bonds are more attractive and should give better returns._______Firms that are expected to have high dividend growth in the future are likely to have a high price-to-earnings ratio._______Cash flows and earning are usually interchangeable for capital budgeting purposes.______Capital gains are not real cash flows because they create a tax shield/loss._______Firms should always exercise an option to delay investment unless the NPV<0.___ ____Standard IRR is just a special case of the modified IRR.___ ___DCF analysis is the only way to value private firms.

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