Question: Question 3. Chapter 7 Discussion Question 8 (p.253) Janet Stringer argues: the DCF valuation method has increased managers' focus on short-term rather than long-term performance,

Question 3. Chapter 7 Discussion Question 8 (p.253) Janet Stringer argues: the DCF valuation method has increased managers' focus on short-term rather than long-term performance, since the discounting process places much heavier weight on short-term cash flows than long-term ones'. Comment
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