Question: Question 6 ( 1 point ) The mid - year convention used to account for the fact that annual FCF is usually received throughout the
Question point
The midyear convention used to account for the fact that annual FCF is usually
received throughout the year rather than at yearend results in:
Higher implied share price, everything else constant.
Same implied share price as with the yearend convention.
Lower implied share price, everything else constant.
Erroneous estimation of the implied share price.
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